umberg
California's speedy train to bankruptcy (WSJ Excerpt)
By Peter Samuel on June 13, 2011Thomas J Umberg, the chairman of the state of California High Speed Rail Authority recently claimed in the Wall Street Journal that the proposed LA-San Francisco HSR line could cover its costs "just as every high-speed rail system around the world does." (WSJ 2011-06-06)
Rarely has a state official provoked a more crushing response.
Excerpts from transport economists Alain Entoven, William Grindley and William Warren (WSJ 2011-06-13):
