Light-Rail to Nowhere: Honolulu, Hawaii’s Train Boondoggle In 2011, officials in Honolulu, Hawaii began construction on a controversial 20-mile rail project partly because of almost $1.8 billion in federal subsidies to President Barack Obama’s home state. The project’s total cost estimate stands at $5.3 billion, but if other similar projects are any indication, the final […]
Tag Archives | cronyism
Interviewed by host Scott Horton, Mark Thornton talks about how Austrian economists recognized the housing bubble long before it burst, the stock market’s meteoric rise and record levels of investor margin/leverage, a possible future ratings downgrade on US debt, and the crony capitalists among us. via As the Bubble Bursts – Mises Media.
Stephen Ross is one pissed off billionaire. Why is Ross mad? Well the FL Legislature blocked a vote that would send the billionaire real estate mogul and Miami Dolphin owner the welfare of your tax dollars to make improvement to his privately owned stadium Yes, a billionaire whats money from you to finance his enterprises. […]
There seems to be some confusion regarding the looming train-wreck of All Aboard Florida and tax dollars. All Aboard Florida is not seeking to impose a new tax to help fund the private venture. Instead All Aboard Florida is seeking federal loans that provide guarantees, rates and terms not available to other businesses. All Aboard […]