Economics
Transit Fare Inflation Hitting Health Insurance-Like Levels?
That's the implication buried in a roundup of dismal news from urban transit agencies that ran in Saturday's Wall Street Journal. After noting the overall ridership decreases tallied by APTA and the specter of punitive service cuts in many cities, the newspaper noted:
January 5, 2010
How Car Dealers Wiggled Out of the Democrats’ Consumer Protection Bill
Auto loans and leases account for a major chunk of the U.S. financial market -- one nonpartisan research group recently pegged American car debt at $850 billion, larger than the entire credit-card industry. So perhaps it shouldn't be surprising that car dealers' lobbied themselves an exemption from the new consumer watchdog included in the House financial reform bill that cleared the House earlier this month.
December 30, 2009
Battle Heats Up Over Pennsylvania Tolling, With National Implications
For more than two years, Pennsylvania transportation planners have sought federal permission to make I-80 one of only three interstates in America approved for tolling.
December 18, 2009
Two Dems Propose to End Bush-Era Rule on Transit ‘Cost-Effectiveness’
New Starts, the main federal method for funding big-ticket transit projects, is considered sorely in need of a makeover by many in the capital.
December 17, 2009
Geithner Adviser Backs ‘More Merit-Based’ Infrastructure Spending
Treasury Department counselor Gene Sperling told senators today that "we definitely support looking at ... more merit-based" approaches to transportation spending, particularly an expansion of the stimulus law's competitive TIGER grants and a national infrastructure bank.
December 16, 2009
The Footnote to All Those Complaints About Tax Cuts as Stimulus
Transportation reformers and status quo-lovers alike smacked their foreheads in frustration when the White House's first stimulus plan lowballed infrastructure to make room for tax breaks that had little demonstrable effect on job creation -- particularly the $70 billion adjustment of the alternative minimum tax (AMT).
December 15, 2009
Rendell: National Infrastructure Bank Could Move as Part of New Jobs Bill
Pennsylvania Gov. Ed Rendell (D), who is in Washington today continuing his push for a "front-loaded" federal transportation bill, told Streetsblog Capitol Hill that he sees momentum building for a National Infrastructure Bank (NIB) to be created as part of the jobs bill now moving forward in Congress.
December 7, 2009
Blumenauer: Let’s Redirect Wall Street Bailout Money to Infrastructure
The war in Afghanistan and the health care bill are consuming much of Washington's oxygen today, but looming in the background is a high-stakes clash over what to do with an estimated $210 billion in unspent and returned cash from the government's rescue of Wall Street.
December 1, 2009
DeFazio, Perlmutter Drafting New Version of Wall Street Transport Tax
Reps. Pete DeFazio (D-OR) and Ed Perlmutter (D-CO) are working on a broader version of the former lawmaker's plan to pay for U.S. infrastructure investment by imposing a small tax on stock transactions, despite a note of caution sounded last week by House Speaker Nancy Pelosi (D-CA).
November 24, 2009
Is the Stimulus Working For Cities? Not So Much, Mayors Say
As the Obama administration today faced new criticism of its methods for tracking jobs created or saved by the $787 billion stimulus law, a bipartisan quartet of mayors was weighing in at the Brookings Institution about the recovery effort's impact on their local economies.
November 19, 2009