High Speed Rail’s Baseline Scenario
June 17, 2010
With negotiations ongoing between the federal government and freight railroads over what the rules will be as states plan to implement high speed rail on their tracks, it worth looking comprehensively at the state of passenger service in the nation today and its operator, Amtrak. There is, after all, $8 billion in play. Fortunately, author James McCommons has tackled this task by spending a year riding Amtrak routes all across the country and interviewing the regulators, advocates, and businessmen who impact that service along the way. His book, Waiting on a Train, paints a bleak picture.
For a New Nationalism
March 27, 1995
I. In January, as the value of the Mexican peso plummeted, President Clinton, Majority Leader Bob Dole and House Speaker Newt Gingrich agreed to a U.S. Treasury plan guaranteeing $40 billion of new loans to the Mexican economy. The loans, it was hoped, would stop the peso’s fall and also save the investments of American banks and mutual funds that had bought high-interest Mexican bonds after the passage of the North American Free Trade Agreement (NAFTA). As Congress began debating the deal, hundreds of CEOs and business lobbyists led by John W.