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NYC trash
A New Yorker walking past a pile of trash (Charly Triballeau / Getty Images)
Weird Money

New York’s $1.6 million trash can revolution

New York City paid McKinsey to help it revamp its sanitation network

Jack Raines

One of my favorite tropes is that organizations pay management consultants, such as McKinsey & Company, millions of dollars to create slide decks with obvious solutions, such as “reduce expenses and increase revenue.”

One of my favorite things about living in New York is that, despite being the largest city-wide economy in the world, New York’s sidewalks are covered with piles of trash bags every evening. It was only fitting, then, that in 2022, New York City’s Department of Sanitation (DSNY) paid McKinsey  $1.6 million to conduct a 20-week waste containerization needs study, and earlier this week, New York City Mayor Eric Adams unveiled the city’s first-ever official NYC Bin.

The DSNY also put forth a proposed rule requiring that all buildings with one to nine residential units and all special use buildings that receive DSNY collection (e.g. city agency buildings, houses of worship, and professional offices located within residential buildings) put their trash in containers, effective November 12, 2024. This will, according to Mayor Adams, “containerize more than 70% of the city’s trash to protect our most valuable and limited resource — our public space.”

A few things to note here: first, plenty of NYC residents have already been using trash cans, and, assuming their current lids have securing latches, they’ll have until 2026 to switch to the NYC-branded containers. Second, this is part of a larger investment, which includes the development of new automatic side-loading trucks designed to service the new trash cans. For what it’s worth, many of New York’s streets are notoriously narrow, and curb space in busy areas is nonexistent, making the trash servicing process more difficult than in other, less densely populated areas.

If you’re curious, The DSNY published a 2023 Containerization Report, in which it cited McKinsey’s work, and the report is quite interesting. A few stats:

  • New Yorkers leave 44 million pounds of trash on curbs each day (!!!)

  • Choosing whether or not to use wheeled shared containers (the really big metal containers that trucks can pick up, not the smaller trash bins referenced above) would have a massive impact on the city’s entire sanitation system, including which trucks to invest in.

  • McKinsey studied the sanitation systems of dozens of cities across the US, Latin America, Europe, Asia, and Australia when creating their report for New York.

  • Some of the slides, such as the one below, are hysterical:

New York City Sanitation Deck Slide
A slide from the NYC Department of Sanitation's 2023 deck.

While the “consultants get paid millions for obvious recommendations” is a fun trope, $1.6 million feels more than reasonable if it helps clean up our rat problem.

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Used car prices dip in April but remain at 2023 levels as gas prices surge

Used car prices ticked down in April, the first drop in 2026, according to fresh data from Cox Automotive.

Cox’s Manheim Used Vehicle Value Index, which tracks wholesale prices, dipped 1.6% in April from March, but remains around highs not seen since 2023 as shoppers react to surging gas prices.

“Affordability remains front and center, and that’s driving some increased demand for older vehicles... as well as changing the calculus for consumers shopping for EVs,” said Cox’s chief economist, Jeremy Robb.

As reported in March, used car retailers including CarMax have told Sherwood News that gas prices are driving more shoppers to look toward EVs. Cox’s EV index is up 7.2% from April 2025, compared to a 1.1% hike for its non-EV index.

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Xbox CEO overhauls leadership team with Microsoft AI execs amid sales declines

Microsoft is continuing to shake up Xbox, with gaming chief Asha Sharma (who took over the division suddenly in February) announcing an executive overhaul.

According to an internal memo seen by CNBC, Sharma is bringing four leaders from her former CoreAI group into the Xbox fold, as they have “consumer and technical expertise [Xbox does] not yet have.”

“Right now, it is too hard to ship impact quickly. We spend too much time inward instead of with the community, and we lack the depth we need in some of the fundamentals,” Sharma said in the memo.

Aside from the CoreAI team, David Schloss, a former Instacart growth exec, will take over the subscription and cloud business.

Following Microsoft’s earnings report last week, in which Xbox console sales fell 33% from last year, Sharma said the division had work to do. The company forecast more sales declines for Game Pass and consoles in the current quarter.

“Right now, it is too hard to ship impact quickly. We spend too much time inward instead of with the community, and we lack the depth we need in some of the fundamentals,” Sharma said in the memo.

Aside from the CoreAI team, David Schloss, a former Instacart growth exec, will take over the subscription and cloud business.

Following Microsoft’s earnings report last week, in which Xbox console sales fell 33% from last year, Sharma said the division had work to do. The company forecast more sales declines for Game Pass and consoles in the current quarter.

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