Bullet trains fuel real-estate booms, improve quality of life, reduce air pollution and traffic congestion, and provide a “safety valve” for crowded cities, especially in the developing world, according to a study by Chinese and U.S. economists.
The study was based on China’s rapidly expanding high-speed rail network, but the researchers said the
The car company is dead, long live the car company!
No, I’m not trying to pour cold water on the notion of the “rebirth” of Detroit, as effectively marketed by Chrysler and Clint Eastwood in the recent Super Bowl ad. Chrysler, Ford and GM have all done impressive phoenix impersonations, arising from the ashes of the
Last week was a good one if you happen to own a natural gas well. Two reports on the outlook for natural gas, both in the U.S. and worldwide, gave a glowing assessment of the fuel’s future prospects. The International Energy Agency (IEA) cheekily titled its report, “Are We Entering a Golden Age of Gas?” The