[lbo-talk] California rail project

[michael perelman]

I love the idea of high speed rail, but the timing of the project
makes no sense.  The state is cutting back on all sorts of essentials.

 Because funding for the project is not yet available, the idea is to
build part in an area with relatively little need for high speed rail.

 Part of the reason is that the train is supposed to go through some
expensive real estate in silicon valley.  I don't expect that to
happen.  So, the prospects for completion are not good.

-- 
Michael Perelman
Economics Department
California State University
Chico, CA
95929

530 898 5321
fax 530 898 5901
http://michaelperelman.wordpress.com