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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: one_less who wrote (620238)	7/20/2011 11:38:37 AM
From: tejek	Read Replies (3) \| Respond to of 1575598

Beijing/Shanghai HSR Link Leads To $175 Drop In Airfare By Matthew Yglesias on Jul 8, 2011 at 12:15 pm Truncating the Y-axis in this way exaggerates the impact of the new high-speed rail link, but it’s still there. Over the medium term, the likely impact is fewer daily flights between Beijing and Shanghai. This is, I think, one of the most undersold benefits of high-speed rail construction. Space at airports is scarce. And for many purposes — flying from Beijing to Tokyo, or from Shanghai to Seoul — air travel is absolutely indispensable. But absent high-speed rail, the objective incentives point toward the use of a lot of runway space for things like flights from Seattle to Portland or Philadelphia to Boston. Even mid-speed rail has a beneficial impact on the demand for DC-NYC and NYC-Boston air travel. What’s more, obviously, the train makes intermediate stops so the existence of the DC-NYC train route makes it feasible to go Baltimore-Philadelphia or Wilmington-New York. thinkprogress.org