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By Stephen Smith, on January 7th, 2012
There’s been a lot of handwringing by American lefties over the austerity plans that Germany is asking indebted eurozone governments like Italy and Greece to implement in exchange for bailouts, but many aspects of the plans – especially labor market deregulation – are long overdue no matter which side if the aisle you sit on [...]
By Stephen Smith, on January 6th, 2012
Scrapping viaducts like this would make California HSR cheaper, faster to build, and easier to maintain, without a loss in quality
The recent peer review report recommending that California delay construction on the first segment of its high-speed rail project has caused a bit of consternation in the transit twittosphere. Blogger The Overhead Wire [...]
By Stephen Smith, on January 6th, 2012
Earlier today Urban Photo Blog tweeted earlier today a link to an article about Hong Kong’s latest land reclamation project, with an obviously sarcastic “because it worked so well in Dubai!” tacked on at the end. Not to pick on Urban Photo Blog – actually, his Twitter account is definitely one of the best I follow [...]
By Stephen Smith, on January 5th, 2012
Are America's private railroading glory days gone forever?
The folks at Freakonomics have asked me to contribute to a “Quorum” on Amtrak and whether it can ever be profitable. Maybe I was a sucker, but it looks like I hewed closer to the question that some of the other contributors….
Continue reading at [...]
By Stephen Smith, on January 3rd, 2012
Enormous viaducts like this are one reason for the project's ballooning cost estimates
Well, the other shoe has finally dropped: the California High-Speed Rail Peer Review Group is recommending that the state legislature not authorize the issue of $2.7 billion in bonds to begin paying for the state’s planned $98.5 billion high-speed rail line….
Continue [...]
By Stephen Smith, on December 31st, 2011
London’s Shard tower, soon to be the tallest in Europe, is, financially speaking, a bit puzzling. Europe is in the midst of an economic crisis, and London’s Southwark, across from the skyscraper-crazed City of London, is gentrifying, but not the safest place for a massive real estate investment. The developers have yet to sign a [...]
By Stephen Smith, on December 18th, 2011
Stanford's (losing) vision for Roosevelt Island, with requisite acres of green
Big news out of New York City: Stanford pulled out of Bloomberg’s applied sciences university “competition” after Cornell got an enormous donation, leaving the upstate university the front runner to build a new campus, likely on Roosevelt Island. This comes with up to $100 [...]
By Stephen Smith, on December 18th, 2011
It has often been suggested that one of the reasons that American subway construction is so expensive is that our laws are too friendly to NIMBYs. That is to say, contractors will be paid to engineer expensive, long-term solutions to avoid short-term disruptions to neighbors during construction. The most prominent example is avoiding cut-and-cover subway [...]
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Italy’s Austerity Plan Spurs Transport Deregulation
There’s been a lot of handwringing by American lefties over the austerity plans that Germany is asking indebted eurozone governments like Italy and Greece to implement in exchange for bailouts, but many aspects of the plans – especially labor market deregulation – are long overdue no matter which side if the aisle you sit on [...]