Downsizing Blog
Is Amtrak Guilty of Securities Fraud?
A press release issued by Amtrak last week would, if it were published by publicly traded firm, be a violation of securities laws and regulations
Streetcar Named Quagmire
In a recent study, I explored how federal subsidies induce state and local governments to spend on wasteful projects. Case in point: a new “streetcar named quagmire” in St. Louis.
Amtrak Accounting Tricks Cover Up Losses
Amtrak recently announced that it will begin operating nonstop service between New York and Washington in 2 hours and 35 minutes in September.
Transit Riders Drop 2.9% in June
The nation’s heavily subsidized transit industry continued its descent into oblivion with a 2.9 percent decline in ridership in June 2019, compared with June 2018, according to the Federal Transit Administration’s most recent data.
Boston’s Rail System: Another Government Failure
The federal government spends $14 billion a year on subsidies for local rail and bus transit.
Federal Aid Fuels Corruption
Federal aid-to-state programs fuel political corruption and should be eliminated.
Next Year’s Transportation Bill
America’s surface transportation infrastructure needs significant improvements and rehabilitation, yet Congress is uncertain about how to do this.
Should Cities Spend More on Transit?
Transit ridership is plummeting almost everywhere, yet officials in many cities are still devising hugely expensive plans for transit projects.
Transit Death Spiral
Nationwide transit ridership in the first quarter of 2019 was 2.6 percent below the same quarter in 2018, according to data released by the Federal Transit Administration (FTA) last week.
150 Years of Boondoggles
Today is the 150th anniversary of the pounding of the gold spike that represented completion of the first transcontinental railroad.