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Still, the initial round of $8 billion - which Biden referred to as "seed money" during his remarks in Tampa - is just a tiny percentage of what it would cost to significantly overhaul the country's rail system. And there are concerns that by spreading the funds to so many different projects in so many different states, it won't be possible to make a real difference in any one place, as Mark Reutter wrote in a new report for the Progressive Policy Institute. It doesn't help that the one region that could most obviously benefit from truly high-speed...

Author: /time Magazine | Title: Can High-Speed Rail Succeed in America? | 1/29/2010 | See Source »

...year. In addition, high-speed rail represents the kind of long-term infrastructure investment that will pay back for decades, just as the interstate highway system of the 1950s has. "This is a down payment on a truly national program," said Biden, who has logged more than 7,900 round trips of his own on Amtrak. "It will change the way we travel and change the way we work and live." Greens will be happy to see that...

Author: /time Magazine | Title: Can High-Speed Rail Succeed in America? | 1/29/2010 | See Source »

...much industry cash sloshing around in Washington - centrist Democrats seem to fear getting tagged as Obama liberals more than they fear getting tagged as Wall Street water carriers. And the White House would rather see reform blocked by Republican recalcitrance it can exploit at the polls than watch another round of interminable horse-trading that will ultimately be blamed on Obama...

Author: /time Magazine | Title: Can Bashing the Banks Help Obama? | 1/28/2010 | See Source »

...Once again, in response, the chamber before him declined to offer a round of applause...

Author: /time Magazine | Title: State of the Union: A Feisty Obama, a Frosty GOP | 1/28/2010 | See Source »

...SATURDAY Take a morning stroll round central Bishkek, a time capsule of Soviet-era architecture. Half close your eyes in the vast Ala-Too Square and picture the Red Army parading through the plaza in Stalin's day. History buffs should visit the Frunze House Museum, tel: (996-312) 66 06 07, a thatched cottage once home to Mikhail Vasilyevich Frunze, the Bolshevik general who led his forces to victory against the region's basmachi (Muslim guerillas) in 1920. The State Historical Museum, tel: (996-312) 62 61 05, with its outlandish shrine to Lenin, is a must...

Author: /time Magazine | Title: A Weekend in Bishkek | 1/28/2010 | See Source »

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