>Port Authority to cut bonuses
The Port Authority of New York and New Jersey plans to eliminate millions of dollars’ worth of bonuses and other benefits for its nonunion employees, a gesture of reform at an agency under pressure from two politically ambitious governors to rein in spending.
The move is expected to save $41 million over the next 18 months. It also marks an initial attempt to change the image of an agency long perceived as wasteful and disorganized. (Mann, The Wall Street Journal)
