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Megan McArdle

Megan McArdle - Megan McArdle is a senior editor for The Atlantic who writes about business and economics. She has worked at three start-ups, a consulting firm, an investment bank, a disaster recovery firm at Ground Zero, and The Economist. She is currently on leave.
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Megan was born and raised on the Upper West Side of Manhattan, and yes, she does enjoy her lattes, as well as the occasional extra-dry skim-milk cappuccino. Her checkered work history includes three start-ups, four years as a technology project manager for a boutique consulting firm, a summer as an associate at an investment bank, and a year spent as sort of an executive copy girl for one of the disaster-recovery firms at Ground Zero � all before the age of 30.

While working at Ground Zero, Megan started Live From the WTC, a blog focused on economics, business, and cooking. She may or may not have been the first major economics blogger, depending on whether we are allowed to throw outlying variables such as Brad Delong out of the set. From there it was but a few steps down the slippery slope to freelance journalism. She has worked in various capacities for The Economist, where she wrote about economics and oversaw the founding of Free Exchange, the magazine's economics blog. She has also maintained her own blog, Asymmetrical Information, which moved to The Atlantic, along with its owner, in August 2007.

Megan holds a bachelor's degree in English literature from the University of Pennsylvania and an M.B.A. from the University of Chicago. After a lifetime as a New Yorker, she now resides in northwest Washington, D.C., where she is still trying to figure out what one does with an apartment larger than 400 square feet.

MTA to Schoolkids: Pay Up, or Walk

By Megan McArdle
Dec 17 2009, 5:12 PM ET Comment

New York's Metropolitan Transit Authority is, like most New York government bodies, suffering from drastic budget shortfalls.  (Hopefully, all those record profits will perk up the coffers next year . . . but I wouldn't count on it.)  It just announced a Doomsday budget that includes cutting out free rides for schoolchildren, a proud tradition since 1948.  Yours truly rode up and down the 1/9 tracks for four years on a subway pass.  Back then it was common practice to request one even if you walked to school, since they were pretty much good for unlimited free subway rides until metro cards came in and enabled auditing.  These days, the kids mostly just get a ride to school--but soon it may not even be that.  Unless they get a bailout from the city or state, they claim, the free ride is over.



This is pretty standard bureaucratic tactic, especially in government agencies that serve particularly cherished segments of the public:  when you're forced to make budget cuts, you cut the program that will cause the most public anguish.  This time, however, I'm not sure the city or the state have $400 million lying around to give them.  The state government has almost used up all its budget tricks, and is going to be forced into increasingly drastic measures if revenues don't improve soon.

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