Crypto News: The war on fare evasion

Major US cities are cracking down on fare evasion as transit agencies try to increase ridership to pre-pandemic levels and make up for budget shortfalls. In New York, police data show recent increases in arrests and summons for jumping turnstiles, while the Metropolitan Transportation Authority has started deploying private security guards to enforce fares in some stations.

Meanwhile, Boston has installed electronic fare gates, and Bay Area Rapid Transit plans to add 72-inch barriers. But critics argue that such heavy-handed efforts are costly and counterproductive, and ignore income inequality as a major driver of fare evasion, report John Surico and Lillianna Byington. Today on CityLab: The Real Costs of Curbing Fare Evasion

More Americans Are Losing Their Homes as Foreclosures on US Properties Rise
While still below pre-pandemic levels, foreclosure activity has increased on an annual basis for 23 straight months.

NYC Parking Garage Collapse in Financial District Kills One
Records filed with the Department of Buildings show the structure had six open violations, dating back two decades.

London's Housing Crisis Is About to Get Worse
New properties are being built at their lowest level in around a decade as buyers dry up, adding another pressure point to a tough housing market.

23 million

Babies born last year in India, which overtook China as the world's most populous country, according to new data from the United Nations.

One city, two people — and India's widening religious divide (ABC News)
Japan has millions of empty houses. Want to buy one for $25000? (New York Times)
This exclusive island town might be California's biggest violator of affordable housing law (Los Angeles Times)
We can have it all: shorter commutes, less traffic. Why aren't we doing it? (The New Republic)
Small-town America needs affordable housing, too (Next City)
Residents in Farmer City, Illinois, are taking steps to establish a cooperative grocery store (The News-Gazette)