New Barclays Bike System Lets People Commute for 19 Cents a Day

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Since July, the city of London has been installing a system of loaner bikes and widespread docking stations that has locals commuting for the equivalent of 19 cents a day. They're called Barclays Cycle Hire, but Londoners call the cycles "Boris Bikes," after the city's swaggering mayor, Boris Johnson, and they're increasingly popular in a city that has labored under intense traffic, crawling public transportation and skyrocketing daily costs. Most incredibly, the city is making money off the bike rentals. Here's how London's win-win system works, and what Americans can learn from this good idea:

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