'The allegations also include the hire of Pishevar’s brother, Afshin, as General Counsel, who the plaintiffs consider underqualified since he was a personal injury lawyer based in Maryland with no experience as a corporate lawyer'.
This article shows the NEPOTISM----THE CRONYISM tied to what is US INFRASTRUCTURE BUILDING and the players are GLOBAL BANKING 1% OLD WORLD KINGS------NOT all-American.
These 'startups' are almost always SHELL BUSINESSES created to secure Federal/state/local tax funding appearing to be different 'winners'------
TODAY, WE WANT TO LOOK AT OUR TAXES AND HOW 99.9% WE THE PEOPLE ARE BEING LITERALLY ROBBED ----IN THIS MOVING FORWARD CLINTON/BUSH/OBAMA----SACKING AND LOOTING RAPING AND PILLAGING----OVER VITAL US SOVEREIGN INFRASTRUCTURE.
PLANES, TRAINS, AND AUTOMOBILES.
July 12, 2016
Engineering team turns on Hyperloop
One in a lawsuit full of allegations of cronyism, nepotism and a death threat
- Jul. 12th 2016
If you follow Electrek, you know we are big fans of the Hyperloop concept and we are following closely the companies working to make it a reality. Hyperloop One, the company arguably making the most progress with already a full-scale test track under construction (pictured above) and several deals to develop routes, is now under scrutiny after one of the co-founders left and is now suing the company along with other executives.
The court documents, which are embedded below and were first obtained by CNBC, allege what is a common fear among technology enthusiasts when new companies make extravagant claims, that “the technological promises are being strangled by the mismanagement and greed of the venture capitalists who control the company.”
Hyperloop One Co-founder and CTO Brogan Bambrogan is leading the lawsuit with two other plaintiffs, David Pendergast, the company’s former Assistant General Counsel, and William Mulholland, the startup’s former Vice President of Finance.
The plaintiffs accuse the defendants, Chairman Shervin Pishevar, CEO Robert Lloyd, board member and investor Joe Lonsdale and General Counsel Afshin Pishevar, of several instances of cronyism, nepotism and in one instance, even of a death threat.
The lawsuit lists several allegations of mismanagement by the board, which range from repeatedly forcing engineers to give tours to impress Pishevar’s friends and celebrities, to giving jobs to allegedly underqualified friends and family members.
Katy Perry visiting Hyperloop One’s headquarters in Los Angeles:
BRANSON is gone from this FICTITIOUS HYPERLOOP ONE which is very likely simply ELON MUSK SPACE X-----which was our US NASA-------which is now global banking 1% private MINING CORPORATIONS-----we mentioned DeBeer ------BORING ----
'Branson steps down from role as chairman of Virgin Hyperloop
www.reuters.com/article/us-branson-virgin-hyper... Oct 22, 2018 · Richard Branson is quitting as chairman of Virgin Hyperloop One, saying the company, that plans to build a supersonic transport system in the United Arab Emirates and other countries, needs a more...'
BRANSON is gone ---the 'founding' partners are gone-------and now we have a CONSORTIUM all pretending to be tied to FEDERAL US ALL-AMERICAN transportation.
This CONSORTIUM looks about the same in INDIA----or BAHRAIN--or Western Europe---as here in US-------NONE being sovereign.
THE HYPERLOOP technology as we say----is SPACE X colonial planetary space mining -------and our US 99% WE THE PEOPLE have no need for this technology.
'The world’s first passenger hyperloop system | Virgin
www.virgin.com/richard-branson/worlds-first... Aug 02, 2019 ·
The DP World – Virgin Hyperloop One consortium was also named as the Original Project Proponent for the Mumbai-Pune hyperloop project and preparing to start the public procurement process. This landmark announcement for building the Pune-Mumbai hyperloop transportation system recognises hyperloop technology alongside other more traditional forms of mass transit'.
'Hyperloop | SpaceX
The Hyperloop system built by SpaceX at its headquarters in Hawthorne, California is approximately one mile in length with a six foot outer diameter. The Official SpaceX Hyperloop Pod Competition SpaceX announced the Hyperloop Pod Competition in 2015'.
Below we see among many 'ACADEMIC' campuses -----our US schools tying all of the 'INDUSTRIAL TECHNOLOGY efforts into reaching the goals of THE BORING CORPORATION ---AKA----DEBEER'S MINING CORPORATION.
This SPACE X goal of global DeBeer's MINING CORPORATION is trumping all US academic research surrounding REAL USEFUL transportation infrastructure here in US...and yes, SPACE X is affiliated and/or owes these hyperloop companies
'Note: This competition is a SpaceX event.
SpaceX has no affiliation with any Hyperloop companies, including but not limited to those frequently referenced by the media'.
Hyperloop Pod Competition took place on July 21, 2019.
SpaceX is revolutionizing terrestrial transportation through its Hyperloop services. The company currently provides these services to innovators and universities across the world interested in high-speed transportation technology and solutions. The Hyperloop system built by SpaceX at its headquarters in Hawthorne, California is approximately one mile in length with a six foot outer diameter.
The Official SpaceX Hyperloop Pod Competition
SpaceX announced the Hyperloop Pod Competition in 2015. The competition’s goal is to support the development of functional prototypes and encourage innovation by challenging student teams to design and build the best high-speed pod. The first three competitions were held in January 2017, August 2017, and July 2018 and were the first of their kind anywhere in the world.
Based on these successes, SpaceX moved forward with the fourth installment:
the 2019 Hyperloop Pod Competition.
As with previous competitions, the competition was judged solely on one criteria: maximum speed with successful deceleration (i.e. without crashing). All pods were self-propelled. The key updates to the rules for the 2019 competition were the following:
- Teams used their own communications system. SpaceX did not provide an on-pod communications system, otherwise known as the Network Access Panel (NAP).
- Pods were designed and tested to propel themselves within 100 feet of the far end of the tube before stopping. This could take the form of a single main run to that point or a “slow crawl” after the pod’s main run was completed.
During the competitions, the following schools have received Innovation Awards:
Delft University (Delft Hyperloop), Irish universities (Éirloop), Massachusetts Institute of Technology (MIT Hyperloop), St. John’s High School (Team HyperLift), Technical University of Munich (WARR Hyperloop), University of Maryland (UMD Loop), University of Oldenburg and University of Applied Sciences Emden/Leer (HyperPodX), Universitat Politècnica de València (Hyperloop UPV), University of Texas at Austin (Texas Guadaloop), University of Washington (Washington Hyperloop), and University of Wisconsin-Madison (Badgerloop).
Note: This competition is a SpaceX event. SpaceX has no affiliation with any Hyperloop companies, including but not limited to those frequently referenced by the media.
Break a pod!
Additional competition support provided by:
The Boring Company
So, how does the GLOBAL MINING CORPORATION DeBEERS AKA BORING COMPANY----get 99.9% of US WE THE PEOPLE not only to fund the R AND D to its space planetary mining technology ----but, also keep paying for it for several decades? CLINTON/BUSH/OBAMA handed US TREASURY AND STATE TREASURY BOND DEBT to foreign corporations now reaping billions in profits while we the US taxpayer sees this tax and that tax---and those taxes and these taxes-----added to our local, state, and Federal tax burden.
BOSTON TEA PARTY was revolution against these kinds of taxation by global EAST INDIA CORPORATION-----which is likely the same OLD WORLD KINGS behind DeBEERS GLOBAL MINING.
BIG GOVERNMENT TODAY IS COLONIALISM OF MEDIEVAL EUROPE.
Below we see a small state like INDIANA which mortgaged its interstate to foreign corporation for 75years----tied to these kinds of STIFS------STIFFING local citizens to pay for US infrastructure not even owned by any sovereign entity.
'State debt refers to any debt owned by a state government.
Debt may include any financial obligations a state has that have not been paid, such as bonds issued by state governments, money borrowed by a state government that has not been repaid, or post-retirement benefits promised to state employees. According to the U.S. Census Bureau, Indiana had a debt of $22,463,710,000 in fiscal year 2015. The state debt per capita was $3,397. This ranked Indiana 15th among the states in debt and 21st in per capita debt'.
Who works for GLOBAL DeBEERS-------the UN WOMEN -----YOU KNOW----those HILLARY NASTY LADIES---OUR REVOLUTION for only the global 1%.
NEO-LIBERALS MORPHING INTO GLOBAL CORPORATE MARXISM.
Short-Term Investment Fund (STIF)
By James Chen
Updated Apr 14, 2019
What Is a Short-Term Investment Fund (STIF)?
A short-term investment fund (STIF) invests in short-term investments of high quality and low risk. This type of fund is considered to be one of the most conservative investments in the investment market. Investors invest in short-term investment funds to protect capital. Short-term investment funds are generally expected to keep pace with inflation and earn marginally higher returns than a standard personal savings account. Short-term investment funds are also generally considered to be liquid investments.
Understanding the Short-Term Investment Fund (STIF)
Short-term investment funds offer investors the opportunity to protect capital while earning a marginal rate of return. Many short-term investment funds benchmark their fund returns to a Treasury bill index. Short-term investment funds typically include cash, bank notes, government bills and conservative bond holdings characterized as safe short-term debt instruments.
Short-term investment funds are also known for liquidity. These types of funds are often used by investors who seek a short-term holding before moving their investments to another investment that will provide higher returns. These funds traditionally have low management fees, usually well below 1% per year. They also typically have low transaction costs.
Short-Term Investment Fund Managers
Money market funds are the most broadly known short-term investment funds. Short-term investment funds can also invest in short-term bonds in various categories. Below are examples of investment providers that offer a wide array of money market funds for investors.
Purchased Money Funds are grouped into three categories: prime, government and treasury, and municipal. Investor share classes require a minimum investment of $1.
Vanguard: Vanguard offers three taxable money market funds and numerous non-taxable municipal funds. Prices of the funds are $1. Expenses range from 0.09% to 0.16%.
JPMorgan: JPMorgan offers approximately 60 money market funds. JPMorgan money market funds have a net asset value of $1. The JPMorgan Prime Money Market Fund (CJPXX) has the best one year return as of October 31, 2017. The Fund’s one year return is 1.03%. The Fund has an expense cap of 0.18%.
American Century: American Century offers five funds in its money market category. American Century money market funds offer free check writing for liquidity and easy accessibility. The Prime Money Market Fund (BPRXX) is one of the category’s top performers. Its total year to date return as of December 1, 2017, was 0.52%. The Fund has over $1 billion in total assets with an expense ratio of 0.58%.
CLINTON era pushed this MASTER PLAN for US CITIES AS FAILED STATES to bring the URBAN DECAY for which today's MOVING FORWARD MASTER PLAN prepares to install not sovereign but COLONIAL infrastructure----not for US states OR US cities----but, for global FOREIGN ECONOMIC ZONES----controlled by that .00014% of extreme rich people for whom ELON MUSK and those UN WOMEN work.
'That’s why in 2011, Biden announced a new six-year, $53 billion plan to expand high-speed rail beyond the initial stimulus investments, a plan that would have built much more groundwork for a truly competitive national passenger rail network'.
FOREIGN ECONOMIC ZONES created during FDR were DUTY-FREE zones for local and regional US businesses to ship overseas. CLINTON expanded this policy gearing up for GLOBAL CORPORATIONS shipping inside these US FOREIGN ECONOMIC ZONES.
During CLINTON/BUSH/OBAMA local WINNERS with these TIFS/STIFS are now being thrown under the bus as GLOBAL BEOWULFS get all that tax money.
THESE FUNDING MODELS ARE ALL INNOVATIVE---TRANSFORMATIONAL-----
So, SPACE X in any form already control much of the US TREASURY DEBT-----US STATE MUNICIPAL BOND DEBT------so, now they are sealing our future TAX COLLECTION for 75 ----99 years.
Below we see an example of 99.9% of WE THE FLORIDA CITIZENS -----BEING STIFFED----BY GLOBAL MINING DeBEERS -----pretending to be building social benefit----transportation.
STIF’s and the Apopka Taxpayer
The Agenda for this week’s Apopka City Commission meeting is again jam-packed. The one that should raise some concerns is the 2nd reading of Ordinance #2446, regarding the creation of a synthetic t…
The Agenda for this week’s Apopka City Commission meeting is again jam-packed. The one that should raise some concerns is the 2nd reading of Ordinance #2446, regarding the creation of a synthetic t…'
Tax Increment Grant ---
In accordance with the City’s strategic business objectives, multiple financing tools are utilized to encourage economic development projects. One such tool is tax increment financing in the form of the City’s Tax Increment
Program [TIG]. The City Council adopted guidelines below set forth the uses and parameters of the programthat are utilized when assessing potential
A.Reimbursement basis only (City / County payments are not made until l property taxes are paid by private sector)
B.Private sector guarantees are pledged in the form of a Development Agreement
C.A “But For” test will be applied
D.City’s financial participation allows reservation of right to influence type and form of project in partnership with privatedeveloperE.City priorities and policy goals must be satisfiedII.
A.Infrastructure Investment–the building or financing of new public infrastructure such as roads, streetscapes and parking decks that induces development that would not otherwise occur. Incremental taxes generated as a result of the new infrastructure can be used to reimburse private sector for right of way acquisition, design, engineering and construction of the infrastructure.
1.The Highest Priority Infrastructure projects in Highest Priority Business Areas may be eligible for a STIF amounting up to 90% of incremental taxes for up to ten years.
2.High Priority Infrastructure projects in High Priority Areas of the City may be eligible for a STIF amounting up to 45% of incremental taxes for up to ten years.
B.Public Asset Purchase–the building or financing of new public buildings or feature that become a specific asset to the City. These projects by pass the normal Capital Improvement Plan (CIP) process and are often a unique opportunity to obtain a desired public facility. In analyzing the viability of a project, attention will focus on how the project compares to items included in the CIP. These projects may have multiple City andprivate sector revenue sources with the resulting asset owned by the City. As a result of the nature of the project, less emphasis is placed on the “But For” test and terms may be longer due to the life expectancy of the asset.Total incremental taxes generated as a result of the development can be dedicated up to 90% and for up to 25 years.
C.Economic Development Grants–the provision of gap funding for economic development projects in Business Corridor and strategic plan geographies that add value to the city and generate growth that would not otherwise occur.Total incremental taxes generated as a result of the development can be dedicated up to 90% and for up to 10 yearsIII.
The amount of the total city wide TIGassistance should be limited to no more than 3.0% of the annual property tax levy of any given year. Before a new project can be approved, an analysis must be completed to ensure that future commitments will not exceed the TIGmaximum capacity threshold. The model will be updated annually to determine of new capacity is available.Adopted by City Council –November 2007...............
'CSX agreed to allow the N.C. Department of Transportation to acquire about 10 miles of railroad right-of-way in Warren County, between Ridgeway and the Virginia state line. Virginia will acquire another 65 miles of the CSX line from the state line north to near Petersburg'.
NORTH CAROLINA AND VIRGINIA is moving CSX from private ownership to 'public' partnership simply so CSX can use FEDERAL, STATE, AND LOCAL tax funding to built HIGH SPEED CORPORATE CARGO rail.
Once built----these train lines will be handed back to ---very likely GLOBAL ELON MUSK MINING CORPORATION.
This 'JOKE' about ELON MUSK AKA DeBeer global mining corporation being that COLONIAL EAST INDIA CORPORATION -----controlling all products coming and going from an
AMERICAN COLONY----IS MOVING FORWARD in 21st century FOREIGN ECONOMIC ZONE-------RAIL INFRASTRUCTURE.
Who wouldn't buy CSX if one owns Norfolk Southern and Union Pacific
This consolidation of all US railways to what may sound like a BENEVOLENT BILLIONAIRE----WARREN BUFFETT-----looks more like BUFFETT may be that subsidiary of OLD WORLD KINGS-------global banking.
Below is yet ANOTHER TAX INCREMENTAL FINANCE structure to build that RAILWAY------EIFD.
Enhanced Infrastructure Financing District
The Enhanced Infrastructure Financing District (EIFD) law (beginning with Section 53398.50 of the California Gov’t. Code) provides broad authority for local agencies to use tax increment to finance a wide variety of projects, including:
Infrastructure, such as roads, bridges and wastewater and groundwater facilities;
Affordable housing, mixed-use development and sustainable development;
Parks and open space;
Child care facilities;
Military base reuse; and
The EIFD provides broad flexibility in what it can fund. No public vote is required to establish an authority, and though a 55 percent vote is required to issue bonds, other financing alternatives exist. Unlike former redevelopment, this tool imposes no geographic limitations on where it can be used, and no blight findings are required. An EIFD can be used on a single street, in a neighborhood or throughout an entire city. It can also cross jurisdictional boundaries and involve multiple cities and a county. While an individual city can form an EIFD without participation from other local governments, the flexibility of this tool and the enhanced financial capacity created by partnerships will likely generate creative discussions between local agencies on how the tool can be used to fund common priorities.
NC: High-speed rail from Raleigh to Richmond just got a little closer to reality
A blockbuster deal announced last week between freight railroad CSX and the state of Virginia includes something for North Carolina that will help with the development of high-speed rail between Raleigh and Richmond.
The News & Observer (Raleigh, N.C.)
Dec 27th, 2019
Dec. 23--RALEIGH -- A blockbuster deal announced last week between freight railroad CSX and the state of Virginia includes something for North Carolina that will help with the development of high-speed rail between Raleigh and Richmond.
CSX agreed to allow the N.C. Department of Transportation to acquire about 10 miles of railroad right-of-way in Warren County, between Ridgeway and the Virginia state line. Virginia will acquire another 65 miles of the CSX line from the state line north to near Petersburg.
Leaders from North Carolina and Virginia began planning for high-speed passenger trains through the two states in 1992 and have been anticipating the day when they'd have access to CSX's so-called S-line between Raleigh and Petersburg. Virginia's deal with CSX will provide a boost to North Carolina's efforts to acquire the rest of the rail line between Raleigh and Ridgeway, said Jason Orthner, NCDOT's rail director.
"Virginia's step forward here sets us up for a transaction on our side of the border," Orthner said in an interview Monday.
Orthner said it's not clear yet how NCDOT will acquire the 10 miles of right-of-way in Warren County or how much it will cost. "The details will need to be worked out," he said.
Virginia Gov. Ralph Northam announced Thursday that CSX had agreed to sell 350 miles of railroad right-of-way to the state, including 225 miles of track. The $3.7 billion deal will give Virginia control over key sections of the main rail connection between Richmond and Washington, D.C., allowing it to work with Amtrak to increase passenger rail service between the two cities and to improve commuter rail service in the Northern Virginia suburbs.
The agreement also calls for Virginia to build a new bridge across the Potomac River, parallel to the existing one now used by Amtrak, commuter trains and CSX. The new bridge would be used exclusively by passenger and commuter trains, leaving the existing CSX bridge for freight.
The tracks on the CSX line between Ridgeway and Petersburg were removed in the 1980s. Orthner said the remaining tracks between Raleigh and Ridgeway are "under-utilized" by CSX, which moves most of its freight on the so-called A-line through Fayetteville, Wilson and Rocky Mount, where the company is building a terminal to shift cargo containers between trucks and trains.
The state's long-term plans for rail service include passenger trains capable of going 110 miles per hour between Raleigh and Richmond on the S-line. Orthner says the tracks also could be used eventually for commuter rail service between downtown Raleigh and Wake Forest. NCDOT is working to eliminate railroad crossings on the CSX line in Wake County by building bridges, starting with Durant and New Hope Church roads in Raleigh.
Virginia and North Carolina created the Interstate High Speed Rail Compact in 1992, and the concept was later expanded to include high-speed trains in the Southeast from Washington south to Atlanta and Jacksonville, Florida. State Sen. Tom McInnis, a Republican from Richmond County who heads the state's delegation to the compact, said Virginia's pact with CSX is a big deal for North Carolina.
"This agreement takes us a big step forward in our efforts to better connect North Carolina communities," McInnis said in a statement. "And it will offer new connections between our state and our neighbors, providing lasting economic development opportunities for our state."
The point is this: the goals MOVING FORWARD ONE WORLD FOREIGN ECONOMIC ZONES have all infrastructure tied to moving cargo/products to global corporate FOREIGN factories-----with rail infrastructure owned by foreign global transportation corporations.
NOT A HAPPY TRAIN/RAIL HISTORY FOR OUR ALL-AMERICAN TRAIN ROUTES.
Don't be a MOTLEY FOOL------
CAN SOMEONE SAY-----GLOBAL CORPORATE MONOPOLY ---------which is illegal under US CONSTITUTIONAL history and 300 years of US court precedence.
One of Warren Buffett’s favorite industries is about to get hot again : MKM
Published: Sept 18, 2017 11:09 a.m. ET
Railroads poised for big moves, says technician. Autos, too.
It’s time to ride the rails. And maybe hop in a fast car while you’re at it.
That’s the latest advice from MKM Partner’s chief market technician Jonathan Krinsky, who says these industrial sectors are about to bust higher, taking related shares along for the ride.
Billionaire investor Warren Buffett is one of the biggest railroad fans, so much so that he bought Burlington Northern Santa Fe several years ago. But then he also let go of Norfolk Southern NSC, +1.26% and Union Pacific UNP, +2.27%.
Norfolk Southern and Union Pacific are among the railroads recommended by Krinsky, who says pick trains over planes when it comes to industrials, which he believes are “poised to break out of a multi-month trading range.” That breakout suggests about 3% upside for the sector, he said, using the Dow Jones U.S. Railroads Index DGUSRAIA, +1.60% as a guide here:
MKM Partners LLCThe two other rail stocks Krinsky likes are CSX Corp. CSX, +0.81% and Kansas City Southern KSU, +0.41%
Is CSX a Buffett Stock?Let's find out.
Updated: Apr 6, 2017 at 9:06PM
Published: Jun 20, 2011 at 12:00AM
Editor's Note: A previous version of this article named the wrong person as CEO of CSX.
Warren Buffett attracts a lot of attention. As the world's third-richest person and most celebrated investor, thousands try to glean what they can from his thinking processes and track his investments.
While we can't know for sure whether Buffett is about to buy CSX (NYSE: CSX) -- he hasn't specifically mentioned anything about it to me -- we can discover whether it's the sort of stock that might interest him. Answering that question could also inform whether it's a stock that should interest us.
In his most recent 10-K, Buffett lays out the qualities he looks for in an investment. In addition to adequate size, proven management, and a reasonable valuation, he demands:
- Consistent earnings power.
- Good returns on equity with limited or no debt.
- Management in place.
- Simple, non-techno mumbo jumbo businesses.
Does CSX meet Buffett's standards?
1. Earnings power
Buffett is famous for betting on a sure thing. For that reason, he likes to see companies with demonstrated earnings stability.
Let's examine CSX's earnings and free cash flow history:
Source: Capital IQ, a division of Standard & Poor's. Free cash flow is adjusted based on author's calculations.
Over the past five years, CSX has had fairly stable earnings.
2. Return on equity and debt
Return on equity is a great metric for measuring both management's effectiveness and the strength of a company's competitive advantage or disadvantage -- a classic Buffett consideration. When considering return on equity, it's important to make sure a company doesn't have an enormous debt burden, because that will skew your calculations and make the company look much more efficient than it actually is.
Since competitive strength is a comparison between peers, and various industries have different levels of profitability and require different levels of debt, it helps to use an industry context.
Return on Equity
5-Year Average Return on Equity
Union Pacific (NYSE: UNP)51%16%13%
Norfolk Southern (NYSE: NSC)64%15%15%
Canadian Pacific (NYSE: CP)86%12%14%Source: Capital IQ, a division of Standard & Poor's. *Negative equity one or more years.
CSX produces above-average returns on equity while employing above-average levels of debt.
CEO Michael Ward has been at the job since 2003.
For years, Buffett had been skeptical of the rail industry's competitive dynamics, though he's come around more recently to the idea that it has an advantage over trucking in a high fuel cost environment and acquired Burlington Northern. Rail isn't particularly susceptible to technological disruption.
The Foolish conclusion
Even though the Burlington Northern purchase would potentially keep Buffett from buying CSX, we've learned that the company exhibits some of the characteristics of a quintessential Buffett investment: consistent earnings, tenured management, and a straightforward business.
Below we INDIANA again promoting all of this ONE WORLD ONE FOREIGN ECONOMIC ZONE CORPORATE RAIL LINE----being touted as good for citizens loving that passenger rail history--------so, we will designate state and local millions and tens of millions say the PRESIDENT COXHEAD ----to 21st century RAIL.
Here is CSX INDIANA as with CSX NORTH CAROLINA/VIRGINIA-----all slated to be owned by WARREN BUFFETT----and global investors.
“Passenger rail advocates across Indiana applaud these moves as steps that will move Indiana closer to the 21st Century passenger rail vision we all share,” said IPRA President Steve Coxhead.$18 Million Combined for Hoosier State, South Shore'
Who owns WARREN BUFFETT and his investment empire? NOT WARREN BUFFETT.
So, this 21st century railway in Indiana ---et al will only service global factory cargo logistics----with maybe some FIRST CLASS AND BUSINESS EXECUTIVE riding high-speed rail once called CSX/AMTRAK.
COXHEAD being sold as a US RAIL HISTORY BUFF-----knows these global rail logistic structures will have nothing to do with US TRAIN HISTORY---INDIANA TRAIN HISTORY----all that will be wiped off the MAP.
Passenger Rail Funds in State Budget
By Donald Yehle
In an historic action, the Hoosier State has be-come a line item in the State of Indiana’s 2018-2019 biennium budget. South Shore construc-tion funds were also approved. Lawmakers and Governor Eric Holcomb set aside $18 million for passenger rail --$6 million for the Hoosier Stateand $12 million to the Northwest Indiana Regional Development Authority for South Shore construction projects.
Meanwhile, the Indiana Department of Transportation (INDOT) is working to find additional dol-lars to maintain the level of service it currently has from Amtrak. Hoosier Stateproponents are actively involved with INDOT to “creatively” find those dollars, sources say.“Passenger rail advocates across Indiana applaud these moves as steps that will move Indiana closer to the 21st Century passenger rail vision we all share,” said IPRA President Steve Coxhead.Along with Governor Holcomb, five state legislators deserve praise for seeing the importance of passenger rail to Indiana’s present and future.
Those legislators are State Senators Brandt Hershman, Luke Kenley, and Karen Tallian and State Representatives Tim Brown and Hal Slager. A well-deserved shout out goes to INDOT leaders and staff for their role in gaining funding for the Hoosier State and South Shore commuter rail improvements, added Coxhead.
Indiana’s recently approved biennium budget begins July 1, 2017, continuing through June 30, 2019. Effective May 1, 2017, Amtrak trains traveling to Indianapolis along the Hoosier State corridor will be on a new schedule --departing all Indiana stations 11 minutes earlier than what pas-sengers have been experiencing. Chicago-bound trains on the same corridor will arrive in the Windy City five minutes earlier (10 a.m. Central Time) than at present. New Indiana station departure times for the eastbound Cardinal (Train 50) and the southbound Hoo-sier State (Train 850) are:Dyer, 6:44 p.m. Central Time Rensselaer, 7:35 p.m. Central Time Lafayette, 9:46 p.m. Eastern Time Crawfordsville, 10:20 p.m. Eastern Time (continued)IN THIS ISSUE:Page TwoHoosier State Ridership Up 11%Progress Continues on Train Linking Chicago, ColumbusPage ThreeMr. Chattin, Mr. Streby Go to Washington, D.C.Page FourStreby Elected to RPA BoardTesting Launched on Siemens LocomotivesBullets from the BoardPage FiveVisit Chicago on May 13 for Train Advocate MeetingPage SixI