Obama to sign high speed rail deal

[CMStPnP]

MikeF90

In more fantasy news, XpressWest has unilaterally ended its relationship with the Chinese consortium "China Railway International". And I quote:

XpressWest chief executive Tony Marnell said in a statement that his company's "ambitions outpace CRI's ability to move the project forward timely and efficiently". 

The original article: http://www.reuters.com/article/us-usa-rail-xpresswest-idUSKCN0YV05R

LOL!, in non-businessman speak that means the Chinese refused to pay for it and this company has no other means of finance other than to find someone with deep pockets.

[Overmod]

MikeF90

XpressWest chief executive Tony Marnell said in a statement that his company's "ambitions outpace CRI's ability to move the project forward timely and efficiently".

I'm sure they do!

The question is, however, whether his company's competencies outpace anyone's abilities to move the project forward timely, efficiently ... at all.

[MikeF90]

After rereading the articles I should have quoted this:

"The biggest challenge has been a federal funding requirement that high-speed trains be manufactured in the United States, even though no such trains are produced in the country, Marnell said."

I think this only a requirement if you are going to suckle off of the public teat for purchasing the infrastructure, correct me I've overlooked something on this supposedly privately financed project.