It's been awhile since I've been on an NYC subway, but about the only reason I can think to prefer paper is I doubt anyone would be tempted to relieve me of it. Whereas a pricy electronic gadget (tablet, phone, ereader) being flashed around might be tempting for certain unsavory individuals.
(And before you get offended, I'm not saying all New Yorkers or subway passengers are unsavory ...just a certain subset. If NYC has reduced subway crime to zero, I apologize.)
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