Even as the President and Congress have again failed to deal with the genuine fiscal threats facing the nation, the Department of Transportation (DOT) is considering gambling $5.5 billion in taxpayer funds on a high-speed train to Las Vegas. The loan could be approved under the Federal Railroad Administration’s Railroad …
Outdated forecast data containing rosy economic assumptions and signaling potential cost overruns plagues the planned $6.9 billion XpressWest high-speed rail project connecting Victorville, CA, to Las Vegas, NV, according to a new Reason Foundation report. If it fails, the seriously flawed plan could put taxpayers on the hook for billions. …
One of Abound Solar’s venture capital investors blamed election-year political games for the collapse of the Colorado-based thin film solar panel manufacturer, according to a new interview. John Hill, discussing the demise of a company and technology he invested in both financially and emotionally, acknowledged that the company’s troubles could …
U.S. senators last year promised they wouldn’t pass any bill with earmarks during the 112th Congress. President Obama even said he would veto legislation that contained pork-barrel projects. But with the Senate set to debate a transportation bill next week, one lawmakers is crying foul. Sen. Mike Johanns (R-NE) uncovered …
