Earlier this week Bill Lockyer told the San Diego Union-Tribune that investment bankers on Wall Street are skeptical of California’s high speed rail project. Unfortunately, Lockyer has offered neither evidence nor details of these statements, so we can’t really respond to them directly. (That’s not to say Lockyer is making it up, I’m sure he [...]

There’s a myth in America that investors, especially Wall Street investors, are smarter and better informed than the rest of us poor schlubs. The market and its experts are given more weight than the views of other observers, because Americans in recent decades have gone all-in on the belief that markets know best.
We should know [...]

In the absence of a long-term federal funding source for HSR funds, we have to take what we can get, when we can get it. In that vein, the CHSRA today announced that they are applying for another $2.3 billion in federal HSR grants. From the press release sent to me via email:
Today’s announcement of [...]

In what apparently is a one-man effort to prove that ridiculous and uninformed HSR denialism can be a bipartisan phenomenon, Michael Lind wrote an article in Salon yesterday titled Goodbye, bullet trains and windmills. In it, Lind attempts – and fails – to make a case against sustainable infrastructure from the center-left. But his total [...]