At the beginning of last month, Paul Druce of “Reason & Rail” discussed the possible impact of the pending upgrade of the Amtrak Acela route in Acela II is the path towards Amtrak operational self-sustainability: The forthcoming Acela II isn’t just supposed to be significantly faster than the current Acela service, cutting 24 minutes from [...]
|By: David Dayen Tuesday July 10, 2012 11:40 am|
If California didn’t pass the bonds for the first stage of its high speed rail project last Friday, I don’t think this happens. Amtrak has unveiled their new vision for the Northeast Corridor, the most-used rail lines in the country, with a 42-page report outlining the future of high speed rail in the Northeast.
|By: David Dayen Tuesday November 15, 2011 9:16 am|
Negotiators for the House and Senate reached agreement on a temporary spending bill that will fund the government through December 16 and also finish off a series of appropriations bills. We now see the true impact of budget freezes and austerity measures. One of the first victims is the Commodity Futures Trading Commission, which regulates derivatives.
|By: David Dayen Monday May 9, 2011 7:15 pm|
A good deal of money earmarked for high speed rail was sacrificed in the 2011 appropriations deal. Billions of federal dollars will not go toward constructing a networked of high speed rail lines across the country.
However, the Transportation Department has been able to award willing states with grants, mainly because of money turned down from the initial stimulus package by states with Tea Party governors like Florida and Wisconsin. Today, Transportation Secretary Ray LaHood took Florida’s $2 billion and gave it to 15 states and Amtrak.
|By: David Dayen Monday May 9, 2011 3:50 pm|
Sen. Charles Schumer, in addition to smack-talking John Boehner on the debt limit, came out with two policy ideas over the weekend, one abominable and one that has quite a bit of merit. See if you can guess which one got more attention.
|By: David Dayen Saturday February 13, 2010 6:45 pm|
We can learn something from how China is reacting to the recession — with quick and massive stimulus that is succeeding in creating jobs and growth.