Photo: Spencer Platt / Getty Images

Cover story of the forthcoming N.Y. Times Magazine ... "The Case for the Subway: It built the city. Now, no matter the cost — at least $100 billion — the city must rebuild it to survive," by Jonathan Mahler.

Why it matters: "New York's subway has no zones and no hours of operation. It connects rich and poor neighborhoods alike. The subway has never been segregated. It is always open, and the fare is always the same no matter how far you need to go.

  • "For all the changes in transportation technology since the first tunnels were dug ... the subway remains the only way to move large numbers of people around the city."
  • "Today, New York's subway carries close to six million people every day, more than twice the entire population of Chicago. The subway may no longer be a technological marvel, but it continues to perform a daily magic trick: It brings people together, but it also spreads people out."
  • "It is this paradox — these constant expansions and contractions, like a beating heart — that keep the human capital flowing and the city growing."

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Court allows North Carolina mail-in ballots deadline extension

An absentee ballot election worker stuffs ballot applications at the Mecklenburg County Board of Elections office in Charlotte, North Carolina, in September. Photo: Logan Cyrus/AFP via Getty Images

North Carolina can accept absentee ballots that are postmarked Nov. 3 on Election Day until Nov. 12, a federal appeals court decided Tuesday in a 12-3 majority ruling.

Why it matters: The 4th Circuit Court of Appeals' ruling against state and national Republican leaders settles a lawsuit brought by a group representing retirees, and it could see scores of additional votes counted in the key battleground state.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Americans feel Trump's sickness makes him harder to trustFlorida breaks record for in-person early voting — McConnell urges White House not to strike stimulus deal before election — Republican senators defend Fauci as Trump escalates attacks.
  2. Health: The next wave is gaining steam.
  3. Education: Schools haven't become hotspots — University of Michigan students ordered to shelter-in-place.
  4. World: Ireland moving back into lockdown — Argentina becomes 5th country to report 1 million infections.

Report: Goldman to settle DOJ probe into Malaysia's 1MDB for over $2B

Illustration: Lazaro Gamio/Axios

Goldman Sachs has agreed with the Department of Justice to pay over $2 billion for the bank's role in Malaysia's multi-billion dollar scandal at state fund 1MDB, Bloomberg first reported.

Why it matters: The settlement, expected to be announced within days, would allow Goldman Sachs to avoid a criminal conviction in the U.S. over the bribery and money laundering scandal that saw three of its former bankers banned for life from the banking industry by the Federal Reserve Board.