[Marxism] Economic impact of $200 per barrel oil
sartesian at earthlink.net
Sat Jun 28 08:49:21 MDT 2008
Me? Just retired from my job as deputy chief of operations for Metro North
Railroad in NYC.
What next? Besides being able to have a drink whenever I want, no longer
carrying a pager, a blackberry, and an additional cell phone?
As soon as I finish this case of wine, I think I'll try to work with
American Public Transit Association to get positive train control signal
systems as the "standard." Safety first.
But as for mass transit-- and expanding rail service: highly capital
intensive. I think as the economy tanks, and state budgets are pinched by
reduced tax revenues, the outlook will become more and more grim for
maintaining subsidies for today's levels of service, which are truly paltry
compared to Europe-- not to mention expanding service.
NY MTA (state agency) has announced reduction in its capital spending
budget, and the public announcement doesn't really tell how bad the picture
----- Original Message -----
From: "Walter Lippmann" <walterlx at earthlink.net>
To: <sartesian at earthlink.net>
Sent: Saturday, June 28, 2008 10:03 AM
Subject: Re: [Marxism] Economic impact of $200 per barrel oil
> What are people on this list doing about this phenomenon?
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