“Consider the motivation behind Musk’s Hyperloop: California’s new so-called high-speed rail system, which Musk calls a ‘bullet train to nowhere.’ Rumored to cost $70 billion, Musk asks why California – one of the world’s largest economies, home of Silicon Valley, and with some of the world’s greatest tech companies – ‘would build a bullet train that’s both one of the most expensive per mile and one of the slowest in the world.’ Comparing it to the Hyperloop, he says, ‘The train would be both slower, more expensive to operate (if unsubsidized) and less safe by two orders of magnitude than flying, so why would anyone use it?'”
http://dailyreckoning.com/the-verdict-on-the-worlds-fastest-train/
Related posts:
Exposing high-security flaws with 3D Printing
State Weighs Moving Inmates to Private Prisons, Or Buying a Prison
The odd reality of life under China's all-seeing credit score system
IMF's World Tax Is a Puzzling Ploy
Will the next debt crisis be worse than 2008? When will it begin?
New Jersey's Attorney General Freaks Out About Bitcoin Mining App
Kentucky town from ‘Colbert Report’ to pay police chief in Bitcoin
US Airspace To Crawl With 7,500 Drones In 5 Years
IRS Refunds 4 Billion Dollars a Year to Illegal Immigrants While Pursuing US Citizens Abroad
The Laffer Curve Bites Ireland in the Butt
Bailout Buffett: The Sage of Solar
Truth From The Treasury Secretary: Social Security at Risk
CIA sneaks undetectable ‘malicious’ implants onto Windows OS: WikiLeaks
South Korea 'has very strong concerns' the US might strike North Korea
Man arrested, charged with theft for plugging car into school’s outlet