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Miami Herald
23 minutes ago
- Miami Herald
Miami-Dade considers axing free ride service amid budget crisis. Riders protest
As Miami-Dade County Commissioners debated the proposed 2025-26 county budget, MetroConnect – an Uber-like service that provides free, short rides in areas of the county with limited transit options – remained on the chopping block. The move to eliminate the $11 million program comes as the county grapples with how to offset a projected $400 million deficit for next year. Via, the firm contracted to administer MetroConnect, estimates that the service conducts roughly 2,000 rides each weekday. Many of those rides serve seniors, people with disabilities and lower income households, the company said in a statement to the Miami Herald. Speaking during Wednesday's meeting, Commissioner Eileen Higgins described the program as a 'mixed blessing,' lauding MetroConnect for filling gaps in the county's public transit network while calling out what she considered to be financial inefficiencies. Others, like Commissioner Raquel Regalado, were less rosy about the service's merits. 'MetroConnect is really, at this point, just a free driver for many people, and it's abused by the little group of people that know that it exists,' she said. In its statement, Via said its service 'isn't a luxury, but rather a lifeline that connects riders in transit deserts to Metrorail and Metrobus, and ensures equitable access to jobs, health care, and education.' Regalado has spearheaded a campaign throughout this budget negotiation to charge users for the MetroConnect service as well as for the Metromover, which is currently free, as a way to avoid raising fares across other public transport options. 'We need to move from a full subsidy mindset to a partial subsidy and eliminate this concept of free transit,' Regalado asserted. 'It's still going to be subsidized, it's just not going to be free.' She pointed to the county's Special Transportation Service — which provides door-to-door transport for people with disabilities for $3.50 per ride — as a potential minimum fare model for the MetroConnect to replicate. But supporters of the program — many of whom turned up to the commission meeting in orange hats blazoned with 'Save MetroConnect' — say that it provides an indispensable service to users. Eularia Pedro showed up at the county building on Wednesday morning to show her support for MetroConnect, which she said she uses to get to and from school. Pedro, an 18-year-old high school student whose immediate family lives outside the United States, is homeless and lives at the Lotus House Women's Shelter. 'It's so important for me,' Pedro said, adding that she hasn't found an alternative, reliable transport option that can get her to class on time. The trolleys in Overtown are inconsistent, she said, and with no income, she can't afford to take a paid rideshare. Walking, she added, would take 'a very long time.' Pedro feared she wouldn't be able to come up with $3.50 per ride – $35 a week for five roundtrip rides – that Commissioner Regalado mentioned at Wednesday's commission meeting. While the proposed budget scraps all funding for MetroConnect, Mayor Daniella Levine Cava told the Herald on Tuesday that her office had received proposals to explore 'anywhere between a $3 million and $6 million investment' in the service — figures not included in the current plan. In a statement issued to the Herald, Via said that it remained 'committed to working with the Mayor's Office to find creative solutions that would allow this essential program to continue.' During the meeting, Higgins called for the county to open a request for proposals – a bidding process in which companies compete for a contract – adding that some paid version of MetroConnect could be maintained on a $2.5 million budget. Should the program be cut, Levine Cava said that many MetroConnect riders could be eligible for the county's Special Transportation Service, while students and low-income riders might qualify for reduced fares on other public transit options. 'We're going to work hard to make sure everybody has access to those programs,' Levine Cava said, adding that community centers and county libraries would help residents apply. This story was produced with financial support from supporters including The Green Family Foundation Trust and Ken O'Keefe, in partnership with Journalism Funding Partners. The Miami Herald maintains full editorial control of this work.
Business Insider
24 minutes ago
- Business Insider
Parts of Europe are suspending postal shipments to the US — and your order may not arrive
If you have been eyeing something from overseas, you may want to click "buy now" today. Postal services operated by Norway, Sweden, Denmark, and Belgium — Posten Bring, PostNord, and bpost — said they will suspend parcel shipments to the US ahead of the end of a customs exemption that allows low-value packages to enter the country duty-free. The conundrum facing postal operators comes as the Trump administration prepares to suspend the " de minimis" exemption starting on August 29. The exemption used to allow international shipments under $800 to cross the border with minimal paperwork and no duties. Now, these shipments will face tariffs, and not every operator can handle the customs declaration paperwork, have a payment mechanism in place, or be responsible for returns should a receiver refuse to pay tariffs. It's unclear when the temporary freeze on shipments will resume. "Due to the short timeframe to adapt to the new specific requirements, PostNord will temporarily halt shipments to the United States and Puerto Rico until a compliant solution has been developed and implemented," wrote the operator owned by the Swedish and Danish governments in a statement on Wednesday. Separately, Posten Bring, Norway's primary postal provider operated by the government, said in a statement that postal services have not been given clear instructions and solutions on how the duties will be paid or who would be responsible for returns. Therefore, Posten Bring sees suspension as the "only option." All three European postal services will suspend shipments starting August 23, which applies to all packages other than letters. This means that if you have a pending purchase that is not shipped by the deadline, your seller may need to cancel your order or arrange alternatives. But even if you're not purchasing from these specific European countries, your shopping options might still dwindle and become more costly. Etsy, the US e-commerce giant and a hub for independent crafters, posted a notice Wednesday that shipping label purchases for Australia Post, Canada Post, Evri, and Royal Mail for US-bound packages will be temporarily suspended starting August 25. Etsy wrote in a statement that these operators are unable to support prepaid duties at the moment, which may result in a large number of rejected packages due to unpaid duties and surprise costs for buyers not listed at checkout. Across social media platforms, many independent sellers based in the UK are also announcing that they can no longer support orders to the US, citing the introduction of an $80 flat fee plus handling charges for using Royal Mail to ship parcels to the US. "We hope to resume shipping as soon as we can, but we really don't want our customers to be hit with an $80+ fee," wrote the Citrine Circle, a UK-based crystal shop, on Instagram. "It feels like the world is getting smaller and smaller."
Business Insider
31 minutes ago
- Business Insider
Target names CEO successor, Guess to go private: Morning Buzz
The major averages were trending lower near noon as investors absorb a tech-led pullback and await pivotal catalysts, including Federal Reserve minutes and the highly anticipated Jackson Hole symposium. Meanwhile, President Trump is calling on Fed Governor Lisa Cook to resign, a move that follows a criminal referral letter from Federal Housing Agency Bill Pulte, sent last week, to Attorney General Pam Bondi alleging mortgage fraud. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Looking to commodities, gold prices are rebounding following the week's earlier declines. Oil prices are also trading higher near noon following yesterday's crude numbers. Get caught up quickly on the top news and calls moving stocks with these five Top Five lists, and subscribe to the Fly By on YouTube. 1. STOCK NEWS: Target (TGT) reported upbeat Q2 results, reiterated its FY25 outlook, and announced CEO Brian Cornell will switch to a chair role, with COO Michael Fiddelke set to succeed him Lowe's (LOW) provided a 'beat and raise' report for Q2 and agreed to acquire Foundation Building Materials for $8.8B TJX (TJX) also provided a 'beat and raise' report for Q2 Authentic Brands will be involved in taking Guess (GES) private in a $16.75 per share acquisition Dayforce (DAY) said it is engaged in 'advanced discussions' with Thoma Bravo on an acquisition 2. WALL STREET CALLS: 3. AROUND THE WEB: Google (GOOGL) will pay $30M to settle a class action lawsuit alleging it violated kids' privacy on YouTube by collecting data without parental consent for targeted ads, Reuters reports U.S. Commerce Secretary Howard Lutnick is looking into the government taking equity stakes in Intel (INTC) as well as other chipmakers in exchange for CHIPS Act grants, Reuters reports McDonald's (MCD) will be lowering the cost of its combo meals after weeks of discussions with its restaurant operations, WSJ says Oracle (ORCL) is on the hook for tens of billions to build 'unprecedentedly' large data centers, including $1B per year on a gas-powered megasite in West Texas, Bloomberg reports Microsoft (MSFT) has limited Chinese companies' access to advance notifications about cybersecurity vulnerabilities after investigating a potential leak, reported Bloomberg 4. MOVERS: Shineco (SISI) gains in New York after executing a cooperation agreement with Plus Me Rocket Pharmaceuticals (RCKT) higher after announcing the clinical hold placed on RP-A501 trial was lifted Hertz (HTZ) increases after announcing shoppers will be able to browse, finance, and purchase pre-owned vehicles on Amazon (AMZN) Autos EnCore (EU) lower after announcing a $75M share offering James Hardie (JHX) falls in New York after reporting Q1 results and providing guidance for FY26 5. EARNINGS/GUIDANCE: Toll Brothers (TOL) reported Q3 results, with EPS and revenue beating consensus Baidu (BIDU) reported Q2 results, with EPS and revenue lower year-over-year La-Z-Boy (LZB) reported Q1 results, with CEO Melinda Whittington commenting, 'We were pleased to deliver sales and margin growth in our Wholesale segment for the quarter' Kanzhun (BZ) reported Q2 results and provided guidance for Q3 ZIM Integrated (ZIM) reported Q2 results and narrowed its guidance for FY25 INDEXES: Near midday, the Dow was down 0.18%, 80.64, to 44,841.63, the Nasdaq was down 1.37%, or 292.68, to 21,022.27, and the S&P 500 was down 0.74%, or 47.33, to 6,364.04.
