Tahoe Valley Lines Rail Cars

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That Vision Thing Again

Americas infrastructure needs are dauntingly large, complex and urgent. Ultimately, if we are to regain not only economic stability but also prosperity, if we are to remain a creative and competitive nation, we will need to demonstrate the capacity for holistic thinking and integrative action. [1] What this election suggests to me is that the United States may have finally lost its ability to adapt politically to the systemic crises that it has periodically faced. The American people, mired in debt, with one in six lacking full-time employment, are not spending; and businesses, uncertain of demand for their products, are not investing no matter how low interest rates fall. With the Fed virtually powerless, the only way to stimulate private demand and investment is through public spending. [2] Whats the right tool? ...

Kunstler: Pre Post Mortem

The poetry of dynamic forces does not lend itself to easy explication. Thought exercise: Imagine the vector of a Chevy Trailblazer and a CSX coal train of four 3000-horsepower diesel engines hauling 88 loaded hopper cars four miles north of Chugwater, Wyoming. The Chevy driver left his meth lab, say, fourteen minutes earlier after piping up and doing three tequila shots. The lead engineer on the coal train, a sturdy fellow, five-feet-ten-inches and 270 pounds, having finished his supper of double deluxe nachos (with two meats and extra cheese) is entering a less than blissful realm of myocardial infarction. Meanwhile, a meteor the size of a basketball has passed into the troposphere on a trajectory to strike the planet Earth at precisely the point where the CSX line crosses ...

Jeff Rubin: Oil and the end of globalization

The video can be viewed at ASPO.TV. You know, knowing the nature of the disease is usually an essential first step to finding a cure. And so too, it is with a recession. Knowing the true nature of a recession goes a long way in helping us to avoid falling into another one. Particularly when the recession we are just coming out of happens to be the deepest global post-war recession on record. Conventional wisdom, as espoused by central bankers, finance ministers, and the pundits that you watch on TV would have you believe that the recession that we are still feeling here in America, and, indeed, throughout the world, was all about a financial crisis, whose roots lie in the failed sub-prime mortgage market in the United States. In other words, ...

Sharp Rise In Oil Prices Could Hinder Recovery

Crude oil futures took a sharp jump last week and are approaching $90 a barrel on the New York Mercantile Exchange. Back in January 2009, oil was selling for less than $32 per barrel. Higher oil prices could hurt an economy struggling to recover. Kevin Leung, the owner of the Magic Rabbit Car Wash & Detail near Denver, says it's already damaging the bottom line at his two gas station/car washes. "Winter is normally a good time for us to make some money," Leung says. That's because gas prices typically go down after the summer driving season. Leung can usually lower his retail prices a little more slowly than the wholesale price, giving him a few extra cents of profit per gallon. But prices are actually going up now instead of declining ...

Oil and The Death of Globalization

Canadian Economist Jeff Rubin is known for his prescient calls in the oil markets over the past few decades. His most recent book, Why Your World is About to Get a Whole Lot Smaller, explains why continuously rising oil prices will mean the end of globalization. Jyskebank.tv caught up with Rubin at the Global Wealth Management seminar in Copenhagen to talk about how rising oil prices will affect everything from home loans to the price of Salmon. jyskebank.tv

MORE than 40 years ago, American biologist Paul Ehrlich sketched a doomsday scenario ...

The power was out at my house last week, I arose the next morning ...

Swimming In Crude Oil? Record High Inventory Will Continue To Build

Despite the recent price surge in crude oil this week, basically going from ...