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Happy 80th Birthday, Empire Builder!
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<P mce_keep="true">[quote user="schlimm"] <P>Sam1:</P> <P>Great!! $ 0.5 Bil (out of a total operating budget for Amtrak FY08?) isn't chump change for sure. But to extend that on for 40 years seems a bit misleading. It's like saying I'm saving X $ for 40 years by no longer owning and operating my old Chrysler mini-van, or any other discontinued service. Still, that $ 0.5 Bil could handle operating costs on lines that serve a greater portion of the public for several years. I suppose we also need to more clearly define LD (have to say as a psychologist, I have a little trouble with that term since it means Learning Disabled) service and which trains, if any, should be saved based on what criteria? Size of loss per passenger served? Distance? Are alternative means of transport besides the auto available? Any ideas here? It certainly seems that with limited resources, somthing's got to give.<BR></P> <P>[/quote]</P> <P>Anyone familiar with basic financial models would understand the scenario that I presented. The concept is based on opportunity alternatives. They would also understand the time value of money and how to calculate it.</P>
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