Economists say that the cost of subway fare will always equal the average price of a slice of pizza in NYC. Look up the “Pizza Principle”!

New York City’s MTA (Metropolitan Transportation Authority) is planning to raise the subway/bus fare from $2.75 to $3.00 next year. The proposal seeks to increase revenue for the MTA, which is already in billions of dollars of debt. (The Wall Street Journal)

A 7.4 magnitude earthquake occurred Tuesday morning near Fukushima, Japan, in a similar location where the disastrous 2011 earthquake had hit. Fortunately, the nuclear plants in Fukushima had been well-prepared since the 2011 disaster, and no grave damages were reported from Tuesday’s earthquake. (The New York Times)

On Tuesday, President Obama presented the Presidential Medal of Freedom to 21 honored artists, athletes, and activists. Ellen Degeneres, who received the medal for her “decades of activism and contributions to pop culture,” teared up during the ceremony. Check out the heartwarming video here. (Entertainment Weekly)

President-elect Donald Trump stated Tuesday that he would not be starting a federal investigation against Hillary Clinton. Although Trump threatened a federal investigation during his election campaign, he now states that he “[doesn’t] want to hurt the Clintons.” (CNN)

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