Word: autos
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Demographically, Florida is an ideal state in which to launch the rail projects. Together, the metro areas of Tampa and Orlando are a major economic unit, home to more than 3.4 million people and close enough on the map to make high-speed rail competitive with air and auto travel. The region is also a tourist hub, which makes it likely that a Tampa-Orlando rail line will be well-used by Americans from around the country. That makes it a smart advertisement for other high-speed-rail projects back in their home regions. (Read "A Brief History of High...
...life, Shanker began to realize the union was headed down the wrong path. In a 1993 speech, he talked about the need for more accountability: "I wouldn't be saying these things ... if I didn't have the sense that we are at the same point that the auto industry was at a few years ago. They could see they were losing market share every year and still not believe that it really had anything to do with the quality of the product ... I think that we will get - and deserve - the end of public education through some sort...
...innovation for Americans who think mortgages and credit cards should be as safe as toasters. Many of the differences were technical or turf-based: how to structure the resolution authority and regulate systemic risks, a loophole exempting "industrial loan companies" from various regulations, more loopholes shielding community banks and auto dealers (known for their pull with local Congressmen) from the new consumer agency's direct oversight. House Financial Services Committee chairman Barney Frank points out that the Republican alternative to the bill consisted of ending TARP and otherwise maintaining the status quo; he's surprised the GOP hasn't paid...
...hoped-for resurrection. It was quite a fall. Throughout much of the 20th century, companies like Ford helped build the American middle class. For part of the 1990s, Detroit trounced its Japanese rivals in the SUV business. But then U.S. automakers, essentially, got lazy. Their war with the auto unions didn't help. Nor did the rise of the likes of Toyota. By the autumn of 2008, the Big Three CEOs had rushed to Washington to beg for a bailout. Detroit's arrogant insularity had left it with crushing debt, slipping standards and lots full of cars nobody wanted...
...Detroit had 18,062; Las Vegas and Clark County, Nevada, had 11,417; Houston had 10,363; and the Denver and Phoenix metropolitan areas approximately 8,500 each. The concentration of the homeless per 10,000 in population is a different story. With the near collapse of the auto industry in 2009, Detroit led the nation, with 216 homeless per 10,000 people. Next in the rankings: Mendocino County, California (161.3), Monroe County, Florida (146.9), and Portland, Maine (116). (See the top 10 news stories...