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Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock

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After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

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Former U.S. Secret Service agent says bringing your authentic self to work stifles teamwork: 'You don’t get high performers, you get sloppiness'
EnvironmentNew York City

NYC’s infrastructure is (literally) crumbling and broken, as 127-year-old water main breaks and floods Times Square subway

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August 29, 2023, 1:52 PM ET
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This photo, provided by MTA New York City Transit, shows water from a water main break in New York's Times Square, Tuesday, Aug. 29, 2023. Marc A. Hermann/MTA, via AP
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A 127-year-old water main under New York’s Times Square gave way early Tuesday, flooding midtown streets and the city’s busiest subway station.

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The 20-inch (half-meter) water main gave way under 40th Street and Seventh Avenue at 3 a.m., said Rohit Aggarwala, commissioner of New York City’s Department of Environmental Protection.

The rushing water was only a few inches deep on the street, but videos posted on social media showed the flood cascading into the Times Square subway station down stairwells and through ventilation grates. The water turned the trenches that carry the subway tracks into mini rivers and soaked train platforms.

It took DEP crews about an hour to find the source of the leak and shut the water off, Aggarwala said.

The excavation left a big hole at the intersection of 40th Street and Seventh Avenue, where workers were digging with heavy equipment to get to the broken section of pipe.

While that intersection remained closed to car traffic, surrounding streets were open by rush hour.

Subway service, however, was suspended through much of Manhattan on the 1, 2 and 3 lines, which run directly under the broken pipe. Service was restored with delays by midday, New York City Transit CEO Richard Davey said.

Aggarwala said it appeared that only two local businesses were without left without water at the start of the work day.

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