The Transom

citibike-nyc-bike-share

Unanticipated Bike-Share FAQs

I’ve purchased a bike-share pass, but my bike does not move.
You have to pedal.

Where is the motor?
There is no motor. One of the goals of the bike-share program is to reduce noise and pollution.

Wouldn’t it create jobs if the bike-share program hired employees to pedal clients to their destinations?
You have to pedal yourself. There’s no way around it. Read More

House of Shame

the-madoff-FAMILY

A Madoff Investment That Will Actually Make Money: Family Homes Coming to Market

In the midst of running their elaborate Ponzi scheme, the Madoff family invested money in some actual investments—namely, real estate in Manhattan, Long Island and Greenwich.

The government came for Ruth and Bernie Madoff’s penthouse years ago, but the real estate holdings of the rest of the family have taken a little longer to claim, as the courts untangle the many complications of recovering cash stolen by the clan. Read More