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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: John McCarthy who wrote (107455)	1/29/2010 8:08:16 AM
From: John McCarthy	Read Replies (1) of 116555

RAILS OVERSEAS globalgrind.com The 85-mile Tampa-Orlando link is seen as the first phase of a network of bullet trains that would run as far south as Miami. In addition to the federal dollars, Florida HSR advocates are seeking $1 billion in private investment. How many new jobs will actually be generated by this rail line, slated for completion in 2014, or by the other high-speed routes affected by the grants, is anybody’s guess. The United States doesn’t have the kind of bullet trains found in Japan or Europe, and there are no domestic manufacturing companies in the field. So, much of the technology for these rail operations will have to be bought overseas. But, Transportation Secretary Ray LaHood said at a conference last year that 30 foreign and domestic companies have vowed to establish operations in the U.S. if they are chosen to build high-speed rail. Welcome news given the continual loss of manufacturing jobs in the United States. Making that happen is another investment in the future. msnbc.msn.com

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