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A Contrarian View of High Speed Rail
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<P mce_keep="true">[quote user="Maglev"] <P>The whole idea that "<STRONG><FONT size=4>we can't afford high-speed rail</FONT></STRONG>" is out-of -context in this world today...</P> <P><SPAN class=news_story_title>Facebook Gets $200 Million Backing From Digital Sky</SPAN></P> <P>By Joseph Galante</P> <P>"May 26 (Bloomberg) -- Facebook Inc., the world’s largest social-networking service, received an investment from Russia’s <A href="http://www.dst-global.com/" target=_blank>Digital Sky Technologies</A> that values the company at $10 billion, more than <A href="http://www.bloomberg.com/apps/quote?ticker=SBUX%3AUS">Starbucks Inc.</A> or <A href="http://www.bloomberg.com/apps/quote?ticker=SWY%3AUS">Safeway Inc.</A> </P> <P>Digital Sky will buy $200 million in preferred stock, gaining a 1.96 percent stake in the company, Palo Alto, California-based Facebook said today in a statement..."</P> <P>[/quote]</P> <P>Facebook, Inc. is a for profit business. It is able to attract private capital because the investors believe that it is a going concern that will return their capital with interest.</P> <P>Unfortunately, most passenger rail projects, including operations, depend on taxpayer monies because they are money losing propositions and cannot attract private capital.</P>
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