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THE DAILY INDEX

Technology, AI, software, security, crypto and business

MISCELLANEOUS

TLDR

THE DOWNFALL OF INDIA'S HOT STARTUP IS WIPING OUT US DEBTHOLDERS

Byju's, the most valuable startup in India's history, was willing to pay handsomely to borrow hundreds of millions of dollars in the US. It received $1.2 billion towards a global expansion. The company collapsed, setting off legal proceedings that may leave investors recouping only a small fraction of what they're owed. The case is a lesson about the perils of lending when money can rapidly disappear across borders.

NYC CONGESTION PRICING: EARLY DAYS

This article looks at the effects of congestion pricing and its impacts on traffic, time, enforcement, rideshare services, the people living in congestion pricing zones, and more. New York City now has congestion pricing - people have to pay $9 to enter Manhattan below 60th Street. This has dramatically improved traffic in tunnels and bridges. The policy is aimed in part at getting people to switch from cars to trains, but trains have not seemed more crowded than usual.

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