In Macro Economics class we studied how Bogota's Rapid Transit System is drastically changing their future. It is helping move tremendous numbers of citizens, and converting commuting congestion into productivity. This isn't always the language used to describe the frustration and challenges of being stuck in rush hour; instead terms like road rage or anger are the ascribed sentiments. While it may not necessarily be a direct translation into productivity, even additional leisure time in the evening after work would be greatly appreciated. New York transit has been mired with budget challenges, increased ridership, and a seeming never ending attempt at Subway expansion. I for one was sad to see the congestion pricing fail for cars entering lower Manhattan. As an ardent proponent for public transportation, this plan would have been immensely successful in moving more people more quickly. Nevertheless, NY is getting its act together presently and adding new Select Bus Service routes. The initial results have been increased ridership and a whopping 98% satisfaction with the offering. NY Magazine has a really nice write-up on the upcoming enhancements.

Green Spaces threw a fantastic party Friday night bringing SalonEco to life. Nice running into some familiar faces as well as meet some new ambitious folks. I met some fellow NYU students and learned of a great new social venture they've started. Love Kitchen Bakery is bringing baked goods directly to you with a social mission: "It is not just about the cakes. It is about giving someone a second chance."

Really nice to hear undergraduates debating the egoism versus altruism merits of working in non-profits. It brings me back to very familiar territory. Ultimately, doing good takes first billing and our motivations and experience of it come next. Does the primacy therefore gloss it as altruism?

Thanks again Rachel for the article on Goldman and bubble creation. Our discussion of non-profits versus banking then focusing on charitable works took a different direction after citing this article. When thinking about 'cashing in' it's important to consider where the money comes from and the 'externalities' of those efforts. A paycheck and stuffed bank account is not sufficient to excuse immoral outcomes.