APRIL 21, 2013 |
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CA Bullet Train
Derailed |
TheBusinessRelocationCoach.blogspot.com
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California
High Speed Rail Summary.pdf |
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Today's guest:
Joseph Vranich |
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JOSEPH VRANICH |
Joseph
Vranich is an Executive Coach/Consultant with clients
located throughout the United States. He has been a
guest many times on ABC, BBC, C-SPAN, CBS, NBC, CNN, Fox
News, Japan Broadcasting, MSNBC, PBS, NPR, and has
appeared on several hundred local broadcasts. He has
served in executive positions with Fortune 50 companies,
as a "corporate ambassador" to international customers,
and as CEO of an international trade association where
he testified before Congress many times. Moreover, he is
an author and public speaker, has had speaking
engagements throughout the United States and in Europe
and Asia. His speeches have focused on business and
commerce and on federal and state public policies that
injure businesses. The Business Relocation Coach and
Spectrum Location Solutions are Divisions of JV
Executive Consulting, Inc. Email his new address:
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Video:
California's High-Speed Rail Boondoggle: |
An Interview With CFEC's Eric Christen |
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More
videos: |
PLAY VIDEO FROM START |
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The CALIFORNIA HIGH SPEED RAIL
Project (2012-2022) |
California High Speed Trains:
Business Plan |
High-Speed Rail in the U.S. |
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Websites and
material mentioned on
today's program: |
Spectrum Location Solutions - Joseph Vranich |
SpectrumLocationSolutions.wordpress.com/ |
TheBusinessRelocationCoach.blogspot.com/ |
SpectrumLocationSolutions.com/speaking.html |
The California High Speed Rail Proposal: a Due
Diligence Report |
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Bullet Train Derailed
by Facts |
Many
of you know that the Reason Foundation was planning to issue a new
report on California's extravagant rail program, which it did on
April 11 with "California High-Speed Rail: An Updated Due Diligence
Report" authored by yours truly and Wendell Cox, with Adrian Moore
as Project Manager.
I'm in the midst of intensive
business travel and am not planning to write anything for the time
being. However, I do want to share with you links to the source
documents (in case you want to forward them to anyone) as well as a
summary of media exposure as compiled by Reason. |
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Reason Documents |
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Here is a link to the press
release about the report: |
"Study: California
High-Speed Rail System Would Lose $124 Million to $373 Million a
Year" |
April 11, 2013 |
http://reason.org/news/show/1013323.html |
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Link to a commentary posted
the same day: |
"The GAO Didn't Endorse the
California High-Speed Rail Project" |
http://reason.org/news/show/gao-california-high-speed-rail |
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Link to
a 12-page summary of the report: |
http://reason.org/files/california_high_speed_rail_summary.pdf |
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Link to the full report: |
http://reason.org/files/california_high_speed_rail_report.pdf |
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Subsequent Media
Attention |
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Associated Press |
Calif. governor praises
Chinese for bullet train |
Yet critics and questions
abound on both of those massive projects. A study released Thursday
by the libertarian Reason Foundation said California rail officials
were overestimating ridership on the high-speed rail line by as much
as 77 percent, which would mean far less revenue once the bullet
train begins operating. That contradicts a report given to members
of Congress last month by the Government Accountability Office,
which said the rail authority's ridership and revenue forecasts are
reasonable. |
San Francisco Chronicle |
http://www.sfgate.com/news/science/article/Calif-governor-praises-Chinese-for-bullet-train-4428036.php |
Sacramento Bee |
http://www.sacbee.com/2013/04/11/5335274/calif-governor-praises-chinese.html |
San Jose Mercury News |
http://www.mercurynews.com/california/ci_23005741/calif-governor-praises-chinese-bullet-train |
U-T San Diego |
http://www.utsandiego.com/news/2013/apr/11/calif-governor-praises-chinese-for-bullet-train/ |
Contra Costa Times |
http://www.contracostatimes.com/california/ci_23005741/calif-governor-praises-chinese-bullet-train |
Fresno Bee http://www.fresnobee.com/2013/04/11/3253720/calif-governor-praises-chinese.html |
Ventura
County Star |
http://www.vcstar.com/news/2013/apr/11/calif-governor-praises-chinese-for-bullet-train/ |
San Luis Obispo Tribune |
http://www.sanluisobispo.com/2013/04/11/2466153/calif-governor-praises-chinese.html |
Merced Sun Star |
http://www.mercedsunstar.com/2013/04/11/2938187_calif-governor-praises-chinese.html |
Lompoc Record |
http://www.lompocrecord.com/news/state-and-regional/calif-governor-praises-chinese-for-bullet-train/article_8827dcd9-06f7-5beb-99e7-bae8a7b8faf1.html |
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Reuters |
California taxpayers to
subsidize high-speed rail -report |
(Reuters) - While California Governor Jerry Brown rode a bullet
train in China, the libertarian Reason Foundation released a report
on Thursday saying the state's planned high-speed rail system will
likely need between $124 million and $373 million a year in
operating subsidies once its core line is completed. |
http://www.reuters.com/article/2013/04/11/california-high-speed-rail-idUSL2N0CY2CO20130411 |
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Wall
Street Journal |
April 12,2013 |
Gov. Brown Goes to China |
By Allysia Finley |
(CAUTION: ERROR in
story. It's doubtful that the Wenzhou
crash was at 217 mph, so none of you should quote that. The train
was headed toward the nearby station and the actual speed of the
train may have been about 120.) |
http://online.wsj.com/article/SB10001424127887323741004578417014149818862.html |
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Los
Angeles Daily News |
If bullet train is built, a
taxpayer bailout may be needed, study says |
A think tank warns
slower-than-promised travel times on the planned Los Angeles-San
Francisco bullet train could turn off many passengers, leaving the
California High-Speed Rail system bleeding up to $373 million a year
and needing a taxpayer bailout to keep operating. In a report being
released today, the libertarian Reason Foundation said the
California High-Speed Rail Authority - scheduled to break ground on
the project in the Central Valley this summer - overestimated
ridership by 65 to 77 percent. |
http://www.dailynews.com/ci_22999129/if-bullet-train-is-built-taxpayer-bailout-may Long
Beach Press Telegram http://www.presstelegram.com/breakingnews/ci_22999129/if-bullet-train-is-built-taxpayer-bailout-may Pasadena
Star News http://www.pasadenastarnews.com/breakingnews/ci_22999129/if-bullet-train-is-built-taxpayer-bailout-may Whittier
Daily News http://www.whittierdailynews.com/breakingnews/ci_22999129/if-bullet-train-is-built-taxpayer-bailout-may San
Bernadino Sun http://www.sbsun.com/news/ci_22999129/if-bullet-train-is-built-taxpayer-bailout-may Ontario
Inland Valley Bulletin http://www.dailybulletin.com/california/ci_22999129/if-bullet-train-is-built-taxpayer-bailout-may |
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KFI: John and Ken Show |
The California
High-Speed Rail Authority is overestimating ridership by 65 to 77
percent and will need $124 million to $373 million a year from
taxpayers to cover its operating costs and financial losses,
according to a new study by Reason Foundation. http://www.kfiam640.com/pages/johnandken.html#ixzz2QDZsT2dq |
Also, Wendell Cox interview: http://www.kfiam640.com/cc-common/podcast/single_page.html?podcast=JohnandKen&selected_podcast=JK0411135P_1365730926_6267.mp3 |
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U-T San Diego |
Op-Ed |
Bullet train: Huge annual
losses loom for troubled project |
By Wendell Cox & Joseph
Vranich |
Our new Reason Foundation
study compares the most recent California ridership and revenue
estimates to comparable high-speed train experiences around the
world and finds California’s numbers are still a fantasy. |
http://www.utsandiego.com/news/2013/apr/11/bullet-train-riders-exaggerated-subsidies-reason/ |
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FOX TV LA |
Heidi Cuda |
Brown Rides China's Rail
While Report Blasts Bullet Train |
http://www.myfoxla.com/story/21949230/brown-rides-chinas-rail-while-report-blasts-bullet-train |
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The Record Searchlight /
Redding.com |
April 14, 2013 |
New Study Says CA High-Speed
Rail Will Lose Up To 373 Million Annually |
http://blogs.redding.com/gandresen/archives/2013/04/new-study-says.html |
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Best regards, |
Joe
Vranich |
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