On March 29, Colin Barr, a Fortune magazine financial writer, argues in a blog post that “housing prices will keep falling.” Just two weeks later, the cover story of the April 11 Fortune proclaims the “return of real estate” and says “it’s time to buy again.” They can’t both be right: either Fortune magazine is […]
READ MOREThe Antiplanner is in Washington DC today and tomorrow to participate in various meetings on transportation. Tomorrow (Friday), I’ll speak on Capitol Hill at a Cato forum on America’s transportation future. Alan Pisarski, the author of Commuting in America, will talk about the future of commuting. Clyde Hart of the American Bus Association will talk […]
READ MOREEarly Tuesday morning, Congressional leaders agreed on a 2011 budget package that zeros out funding for high-speed rail and rescinds $400 million in 2010 funding that remains unspent (transportation begins on p. 404). The package has the support of Senate Majority Leader Reid, House Speaker Boehner, and House Appropriations Committee Chair Hal Rogers. The budget […]
READ MORETriMet, Portland’s transit agency, gets about half its operating funds from a payroll tax. In 2004, this tax was 0.6218 percent, meaning employers had to pay TriMet $62.18 for every $10,000 they paid employees. Employees, other than the self-employed, are largely unaware of this since it is on top of pay, not a deduction from […]
READ MORESaturday, the Antiplanner spoke in Damascus, Oregon, a rural community on the fringe of the Portland area that Metro planners have targeted to become a dense, New Urban city of 100,000. The residents of the area are none too happy about that and have been fighting it by passing initiatives preventing the city from cooperating […]
READ MOREThe Bureau of Land Management has always labored in the shadow of its sister agency, the National Park Service, and its cousin, the Forest Service. While the national parks are America’s “crown jewels” and the Forest Service represents the best (and worst) of the Progressive era, the BLM manages the federal lands left over after […]
READ MORELots of groups have been blamed for the recent financial crisis, including the Federal Reserve, banks, and Congress for deregulating financial institutions by repealing the Glass-Steagall Act (which separated banks that accepted deposits from investment banks). One that deserves scrutiny is the ratings agencies–Moody’s, Standard & Poors, and Fitch–that gave AAA ratings to bonds made […]
READ MOREHigh-speed rail may be dead, but numerous states would be happy to get some of Florida’s $2.4 billion in rejected high-speed rail funds. Yesterday was the deadline for applications for this money, and some of the applicants include: California, of course, would like it all, even though that would still leave it $50 billion or […]
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