Define Love In One Word

The Little Mermaid

With Valentine’s Day drawing near, The Little Mermaid is organising a very entertaining game for all of you! Yeah! It is open for all of you, including those barely in love, those moderately in love and those deeply in love. And because I am unambigously against any sort of favouritism, even the ‘love sucks’, ‘single rocks’ and ‘single but ready to mingle’ kind of people are eligible for participation. Oh really?! Then, it surely sounds like a blast. Hurray!

So, here is goes…

In honour of Saint Valentine and for the spirit of romance during the delightful month of February,

DEFINE LOVE IN ONE WORD.

Let’s get it rolling, shall we?

P.S. Please comment, share, reblog and like as many times as you can. The thread of love is limitless.

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General Electric announces 225 orders for refurbished locomotives

EnergyWorld

GE also said in a statement that it will deliver 80 modernized locomotives previously ordered by Canadian Pacific railway Co and 100 to Norfolk Southern Corp in 2018.

New Delhi: General Electric Co’s transportation unit said on Tuesday several North American railroads have placed orders this year for 225 refurbished locomotives, although it declined to say which railroads ordered the equipment.

GE also said in a statement that it will deliver 80 modernized locomotives previously ordered by Canadian Pacific railway Co and 100 to Norfolk Southern Corp in 2018.

The orders were the latest evidence of major railroads seeking to control costs by refurbishing aging machinery instead of purchasing new engines.

General Electric Chief Executive Officer John Flannery said in November that GE would exit at least $20 billion in operations to improve its financial performance. The company is exploring options for the transportation unit; its iconic lighting division, which makes bulbs for consumers; and its healthcare information technology business.

A GE spokesman did not immediately reply to an emailed request for comment on what Tuesday’s announcement might mean for those plans.

GE will make varying upgrades to aging locomotives – some more than 20 years old – such as improvements to control systems or electrical circuitry. The changes boost hauling capacity but are cheaper than buying new, it said.

“Modernizations will most likely be a strong portion of our locomotive capital spending for a number of years,” Doug Corbin, an assistant vice president at Norfolk Southern, said in a statement accompanying GE’s announcement.

Cuomo leans into harnessing property tax values for subway fixes

NY Curbed

It’s been less than two months since Governor Cuomo’s Fix NYC panel unveiled a congestion pricing plan that would help fund dire upgrades to the state-controlled subway system, but instead of leaning into that proposal, Cuomo has decided to throw his support behind a different means of accruing capital.

Draft legislation obtained by Politico shows that the Cuomo administration is working on a value capture plan that would tax building owners whose properties increase in value as a result of being near transit. Those funds would then be funneled back into infrastructure improvements.

This isn’t the first time the Cuomo administration has brought up value capture; it also appeared in a preliminary plan from the state in January. The draft legislation that is being proposed now has been lightly tweaked, but is “effectively the same thing,” says Dean Fuleihan, New York City’s first deputy mayor.

The practice has been used before by the city—to fund the 7 train extension towards Hudson Yards, for example—but would have a markedly different impact on the city if controlled by the state.

“It is [the] unprecedented taking of the city tax base … without the local government participating in the decision,” Fuleihan told Politico. In a forthcoming report from New York University’s Rudin Center for Transportation Policy and Management by Eric Kober entitled “Uses and Abuses of Value Capture for Transit,” Kober writes that the first, similar iteration of the proposal “diverts New York City’s largest and most stable tax source in a manner that could affect the City’s fiscal stability.”

Property tax generates nearly one-third of the revenue supporting the city’s budget, the report notes. If the state were to divert those funds, the city would have to bridge the lost revenue either by making service cuts or taxing more heavily elsewhere.

The current draft of the proposal would allow the MTA to collect property tax revenue from areas that it claims are supported by transit improvements up to a mile away. That figure—a mile might as well be ten in New York—has some critics of the plan bristling.

As it’s etched out now, the plan would create a transportation improvement district in the area surrounding the completed portion of the Second Avenue Subway, as well as its hypothetical (read: unfunded) extension into Harlem and downtown.

“Transportation Improvement Districts should not include completed projects,” Carol Kellermann, president of the Citizens Budget Commission, commented to Politico. Kellermann also suggests that the districts should not extend more than a quarter mile from the site.

“Going forward, the city would of course have a say in the creation of these districts and will end up with more tax revenue than if the MTA hadn’t funded these projects in the first place,” a Cuomo spokesperson said.

Subway fare hike seems imminent in 2019

Penney Vanderbilt and KC Jones: All About Railroads

NY-Curbed

Despite new lows in its performance, riding the subway is likely to become more costly in 2019. Metropolitan Transportation Authority Chairman Joe Lhota says a fare increase in 2019 is practically inevitable, unless the cash-strapped institution is able to harness funds elsewhere. Given that the city and state are failing to come to a consensus about how those funds should be raised, a means of timely alternate funding is looking unlikely.

At a meeting on Wednesday, Lhota admitted that there is no present scenario in which fares will not be raised for passengers in 2019, the Daily News reports.

Word of a looming fare hike isn’t unexpected. In July 2017, MTA Chief Financial Officer Robert Foran told board members that MTA officials were looking to continue a biennial fare hike in 2019 and 2021 to meet its long-term financial needs.

The most recent MTA fare hike occurred…

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