Warren Buffet’s Secretary Needs a New Accountant
“Asking a billionaire to pay at least as much [tax] as his secretary is plain common sense,” says President Obama. When Warren Buffett announced that his secretary paid a higher rate than he did, some people calculated that he must pay her at least $200,000 a year to put her in an (average) 19 percent [...]
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Building Eyesores Creates Jobs, Especially When You Tear Them Down
Honolulu has the best bus system in America, taking a higher percentage of commuters to work and carrying more daily riders per capita than any other bus system. But just having the best bus system isn’t good enough for some people, who just have to have a rail line to have “real transit.” So the [...]
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To the Moon, Alice
The Economist suggests that sending a woman to the moon would have a more positive impact on the economy than building high-speed rail. Certainly, a trip to the moon would use more modern technology as the first high-speed rail line was built in 1964 but we didn’t send a man to the moon until 1969.
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Self-Driving Cars in the Pipeline
The hit of last week’s Detroit Auto Show was the 2013 Ford Fusion. This was a surprise because the car was merely a stylistic upgrade of an existing model. The real significance of the Fusion is not the “strong personality” or the fact that Ford will offer both hybrid and plug-in hybrid versions, but that [...]
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Is the Tea Party Falling Apart?
The New York Times Magazine has discovered what everyone who has ever been to a Tea Party meeting already knew: tea parties are a coalition of social conservatives and libertarians. Both are fiscally conservative and so the tea parties focus on fiscal issues and agree to disagree on social issues. Does this mean the tea [...]
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Predictably Stupid
The Obama administration’s rejection of the Keystone pipeline was predictably stupid and will do little to protect the environment other than by slightly increasing world oil prices. Opponents made it clear that they didn’t care about the negligible environmental impacts of the pipeline; they just wanted to “keep the tar sands in the soil.” The [...]
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When We Don’t Build It, We Won’t Build It Here Instead of There
Once the envy of much of the rest of the United States, the California high-speed rail project is increasingly viewed as being run by a bunch of buffoons who can’t see the handwriting on the wall. Actually, a few of them may see it: last week the authority’s executive director and board chair both resigned. [...]
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Brouhaha in Grants Pass
As if to show that even small cities can waste gobs of money on transit infrastructure, Grants Pass, Oregon (population 35,000) recently debated the wisdom of spending more than $100,000 each for several modest three-seat bus shelters to serve the Josephine County Transit system. As The Oregonian notes, this is roughly the cost of building [...]
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Not Learning from History
Last week, the Washington Post commemorated the 30th anniversary of a horrific Air Florida plane crash with an article about how that crash has led to huge improvements in airline safety. In response to that crash, airlines have improved deicing formulas and have strict rules about how quickly aircraft must take off after being deiced, [...]
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Not Build It?
The cost of one of Denver’s FasTracks lines has gotten so high that RTD, the transit agency, is actually considering not building it. The press kindly reports the cost of the Longmont-to-Denver “Northwest” commuter-rail line as rising from $895 million to more than $1.7 billion, but that ignores the actual initial cost projections. As the [...]
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