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There was one part of the speech, however, that no green could fault: Obama's call for the creation of a high-speed rail system as a way to generate green jobs, enhance economic productivity and reduce carbon emissions. On Thursday, Jan. 28, the White House announced the awarding of $8 billion in stimulus funding to kick-start high-speed-rail projects and improve service in 13 corridors across the country. Obama and Vice President Joe Biden traveled to Tampa, Fla., to announce the projects, which include the construction of an 84-mile high-speed track from Tampa to Orlando...
...want to start looking deep into the 21st century and say to ourselves, There's no reason why other countries can build high-speed rail lines and we can't," Obama told a crowd in a University of Tampa arena. "Right here in Tampa, we're building the future...
...make it to the present, let alone the future. U.S. intercity railroads are a laughingstock compared with those in most other developed nations - and, increasingly, even those in developing nations like China, which is investing more than $300 billion to build more than 16,000 miles of high-speed track...
Today you can travel the 250 miles from Paris to Lyon on the high-speed TGV in two hours. Covering a similar distance from Philadelphia to Boston takes some five hours, and that's on an Amtrak Acela train, the closest thing the U.S. has to high-speed rail. "Every other major industrialized nation has recognized that high-speed rail is key to economic growth and mobility," says Petra Todorovich, director of the America 2050 program at the Regional Planning Association. "It's time for America to realize that as well." (See the most important cars of all time...
...steps to cool down the housing market and restrict access to credit by, for example, reintroducing taxes on certain property transactions and raising the required level of cash that banks have to keep on hand in an effort to reduce new lending. (Read "Foreign Luxury Cars: Picking Up Speed in India...