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International News
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Title: Amtrak touts 'international peer review' of high-speed rail plans
Source: [None]
URL Source: http://thehill.com/blogs/transporta ... eview-of-high-speed-rail-plans
Published: Jun 14, 2011
Author: Keith Laing
Post Date: 2011-06-14 00:56:26 by socalv8
Keywords: amtrak, peer review, lol
Views: 1012
Comments: 5

The national passenger rail service, better known as Amtrak, said Monday that rail companies in Europe and Japan said its plans to build high-speed railways in the Northeast were sound.

The foreign opinions, which Amtrak dubbed an "international peer review," comes as Republicans in the House are pushing to plan to privatize rail service in the Northeast.

The chairman of the House Transportation and Infrastructure Committee has frequently referred to Amtrak as a "Soviet-style operation," but the agency said Monday that "leading European and Japanese high-speed rail operators" found Amtrak's assessment that it can gradually get trains up to 220 miles per hour was "sound and reasonable."

"The positive feedback from our experienced colleagues around the world is encouraging and demonstrates that Amtrak's high-speed rail plan is a proper response to meet the region's need for increased transportation capacity and is a viable way forward," Amtrak vice president Al Engel said in a statement.

The reviewers found that "Amtrak's initial projections of ridership, revenues, and costs for this new system were appropriately conservative," Engel added.

"We are pleased that many of the world leaders in high-speed rail have offered their ideas to help refine and improve our plans," he said.

The reviews are unlikely to mollify Republican critics, who argue that the model of having one national rail company does not work in the United States.

"By focusing on projects that make sense, leveraging private-sector investment and opening the door to public-private partnerships, we can do more with less and finally take our nation in a new direction," Rep. Bill Shuster (R-Pa.), who chairs the House Subcommittee on Railroads, Pipelines and Hazardous Materials, wrote last week in an op-ed in The Hill.

"It's time for passenger rail to enjoy the same success deregulation brought to the freight rail, commercial truck and airline industries," Shuster said.

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#1. To: All (#0)

"leading European and Japanese high-speed rail operators" found Amtrak's assessment that it can gradually get trains up to 220 miles per hour was "sound and reasonable."

Oh.

Freight company cuts Amtrak trains' speed to as slow as 25 mph, sparking delays

The freight company that owns the railroad tracks that carry Amtrak trains through Ann Arbor said today that it is restricting the speed those trains are allowed to travel, cutting the rate to 25 miles an hour in some parts.

socalv8  posted on  2011-06-14   1:01:30 ET  Reply   Trace   Private Reply  


#2. To: socalv8 (#0)

"It's time for passenger rail to enjoy the same success deregulation brought to the freight rail, commercial truck and airline industries," Shuster said.

As long as you hear the word, "Deregulation" you know we're up to our necks in a Depression that is not being addressed...at all...

See Goldman Sachs/Lehman Bros for details...

mcgowanjm  posted on  2011-06-14   10:52:21 ET  Reply   Trace   Private Reply  


#3. To: mcgowanjm (#2)

See Goldman Sachs/Lehman Bros for details...

Hmmm...One staffs the White House and the other all went to work for Goldman.

socalv8  posted on  2011-06-14   13:21:46 ET  Reply   Trace   Private Reply  


#4. To: socalv8 (#3)

;}

Google Operation twist now.

*

by etrader on Wed, 06/15/2011 - 11:52 #1371216

Maybe the FED should rename operation twist (oT2)...... "Divine Wind"

mcgowanjm  posted on  2011-06-15   11:56:45 ET  Reply   Trace   Private Reply  


#5. To: mcgowanjm (#4)

Interesting...thanks.

"In 1961, the US Federal Reserve attempted to flatten the yield curve to bring down long-term rates for an economy that was mired in recession, yet at the same time, push short-term rates up to deal with a balance of payments crisis. The fixed exchange rate system meant they were losing gold reserves and desired to stop that drain. It is an interesting story though as to what happened and whether it has implications for the present. As you will see, the fact is that the central bank can control the yield curve and eliminate the influence of the bond markets if it chooses. The only reason it doesn’t do this is ideological."

socalv8  posted on  2011-06-15   13:36:32 ET  Reply   Trace   Private Reply  


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