Quotulatiousness

November 28, 2018

The bitter economics of North American passenger railways

Filed under: Cancon, Economics, History, Railways, USA — Tags: , , , , — Nicholas @ 03:00

Earlier this month, I posted an excerpt from The Romance of the Rails, by Randal O’Toole. It’s a book I haven’t yet read, but based on what I’ve heard, his analysis of the state of US and Canadian passenger rail is both savage and accurate — as in, we’re insane to subsidize long-distance or high-speed rail for the wealthy out of the taxes levied on the poor. Recently, Trains columnist Fred Frailey got a chance to chat with O’Toole about his work:

Amtrak Acela passing through Old Saybrook, CT
Photo by Chasesmith via Wikimedia Commons

That was one of the pleasures of reading your book, to discover you are a lover of trains and railroads, and that you marry this with a contrarian way of thinking. Do you take perverse pleasure in that combination? Oh, not at all. To me, it’s really sad. I wish I could support passenger trains, and I do support them as far as riding them and things like that. But I know enough about government subsidies to know that they reduce overall productivity and usually end up taking from the poor and giving to the rich. The people who are riding the Acela are not people in need of government handouts. The people who are riding light rail and things like that are not the poor, by and large.

What is the future of the long-distance trains? The role they fulfill is giving people access to scenery they can’t see in any other way, and really, it ends up being something for the wealthy. I think the Rocky Mountaineer model is the future of long-distance trains, and if you look at the United States, where can we have a Rocky Mountaineer? Certainly, Oakland to Denver, probably Oakland to Los Angeles, and after that, it gets pretty iffy. They would become cruise trains.

You seem almost as uncharitable towards the short-distance passenger trains. Amtrak does its best to deceive people about how well these trains do, for example, counting state subsidies as “passenger revenues,” in order to make itself eligible for more subsidies. I wouldn’t mind short-distance trains if they worked, but the Cascades, the California service, those trains aren’t really doing anything. A lot of money is spent carrying not that many people.

[…]

Statistics of yours that struck me are that public transit paid 90 percent of operating costs in 1964 from fares and just 32 percent today. Why not try to make the rail part of public transit more viable? You don’t address that in your book. You can’t make it more economically viable, simply because buses are so much better in every respect than rails. If you take the rail lines, and pave them over, and turn them into busways, you’ll be able to move more people, faster and cheaper and with far lower maintenance costs. Even if you could make the rails pay for themselves, since the buses are so much cheaper, why would we bother?

You seem most upset at places like Orlando and Dallas and Nashville, where commuter rail or light rail began but so few seem to ride. It this money thrown to the wind? I think so. Why is it that we allowed steam to change to diesel, sailing ships to steam ships — all these different technological evolutions to take place — but when it came to passenger rail, we said, “Halt, we don’t want more technological change.” The answer is threefold. It’s nostalgia. It’s people who are making money from wasting money, such as contactors — crony capitalism. And it’s accidents of history. The accident of history affecting urban rail transit was in 1973. Governor Francis Sargent of Massachusetts asked Congress to let cities substitute capital investments in transit for interstate highway grants. Congress said yes, but you can’t spend that amount of money on new busses. Instead, cities such as Buffalo, Portland, and San Jose built new rail lines with money from cancelled freeways because they are expensive and could use up those federal dollars. That’s what started the light-rail revolution, not because it was cheap, but because it was expensive.

England: South Sea Bubble – The Bubble Pops – Extra History – #4

Filed under: Americas, Britain, Business, Economics, Government, History — Tags: , , , , — Nicholas @ 02:00

Extra Credits
Published on 11 Apr 2015

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____________

With the South Sea Company’s value dangerously inflated, Blunt drives one more scheme to raise stock prices – and it finally backfires on him. Early investors (including the famous politician Robert Walpole) seize the opportunity to sell their stock while the value is high, and the general public finally realizes that the South Sea Company has no actual worth. Everyone who didn’t sell their stock in the first round finds themselves suddenly bankrupt as the stock value plummets. Even King George, on vacation when disaster strikes, loses a large amount of the royal fortune. Robert Walpole, however, sees this as an opportunity to make himself a hero of the public. Hiding his own involvement in the South Sea Swindle, he cancels all debts owed for the company’s stock to help put its public investors back on their feet. Despite this, the public demands an inquiry and Walpole must walk a thin line between his facade as defender of the people and the reality of his, his party, and the King’s blatant corruption.

November 27, 2018

Viking Expansion – A Song of Ice and Greenland – Extra History – #5

Filed under: Europe, History — Tags: , , , — Nicholas @ 04:00

Extra Credits
Published on 24 Nov 2018

The Scandinavians stumbled on Iceland, at first on accident — then, gradually exploring it — and finally intentionally migrating there because despite the clash of glaciers and volcanoes, Iceland was full of uninhabited empty land — perfect for settlers and saga-writers.

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England: South Sea Bubble – Buying Out Britain – Extra History – #3

Filed under: Americas, Britain, Business, Economics, Government, History — Tags: , , , — Nicholas @ 02:00

Extra Credits
Published on 28 Mar 2015

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____________

The time has come for Blunt to enact the final act of his scheme: taking on the 31 million pound British debt. When Parliament initially balks at transferring responsibility for that much money to Blunt’s insolvent South Sea Company, he bribes them with special deals on his own stock. Despite a legal clause that should have locked the stock price until the company began paying off the debt, Blunt keeps introducing new plans to inflate the stock price and pocket the money for himself. He does everything from selling stocks on layaway to loaning people money so they could buy more stocks from him, creating an artificial demand for South Sea Company stock that drives the company’s worth up to 300 million pounds: a staggering ten times the initial value of the already stunning debt it had assumed. His success, founded entirely on speculation with no actual revenue from trade, not only starves out other businesses across Britain but exceeds the total amount of money in the country’s entire economy. This bubble can not last.

QotD: Gandhi’s view of India as a nation

Filed under: Africa, History, India, Quotations, Religion — Tags: , , , — Nicholas @ 01:00

No one questions that the formative period for Gandhi as a political leader was his time in South Africa. Throughout history Indians, divided into 1,500 language and dialect groups (India today has 15 official languages), had little sense of themselves as a nation. Muslim Indians and Hindu Indians felt about as close as Christians and Moors during their 700 years of cohabitation in Spain. In addition to which, the Hindus were divided into thousands of castes and sub-castes, and there were also Parsees, Sikhs, Jains. But in South Africa officials had thrown them all in together, and in the mind of Gandhi (another one of those examples of nationalism being born in exile) grew the idea of India as a nation, and Muslim-Hindu friendship became one of the few positions on which he never really reversed himself. So Gandhi — ignoring Arabs and Turks — became an adamant supporter of the Khilafat [Caliphate] movement out of strident Indian nationalism. He had become a national figure in India for having unified 13,000 Indians of all faiths in South Africa, and now he was determined to reach new heights by unifying hundreds of millions of Indians of all faiths in India itself. But this nationalism did not please everyone, particularly Tolstoy, who in his last years carried on a curious correspondence with the new Indian leader. For Tolstoy, Gandhi’s Indian nationalism “spoils everything.”

Richard Grenier, “The Gandhi Nobody Knows”, Commentary, 1983-03-01.

November 26, 2018

Will the Kriegsmarine Rule the Waves? – WW2 – 013 24 November 1939

Filed under: China, Europe, Germany, History, Japan, Military, Russia, WW2 — Tags: , , , , , — Nicholas @ 04:00

World War Two
Published on 24 Nov 2018

The European Allies seek a countermeasure to the mysterious German mines, in China the Japanese advance, and in Poland it is the beginning of the Warsaw Ghetto.

WW2 day by day, every day is now live on our Instagram account @World_war_two_realtime https://www.instagram.com/world_war_t…

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Written and Hosted by: Indy Neidell
Produced and Directed by: Spartacus Olsson and Astrid Deinhard
Executive Producers: Bodo Rittenauer, Astrid Deinhard, Indy Neidell, Spartacus Olsson
Research by: Indy Neidell
Edited by: Wieke Kapteijns and Spartacus Olsson
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A TimeGhost chronological documentary produced by OnLion Entertainment GmbH

England: South Sea Bubble – Too Big to Fail – Extra History – #2

Filed under: Americas, Britain, Business, Economics, Government, History — Tags: , , , — Nicholas @ 02:00

Extra Credits
Published on 14 Mar 2015

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Frustrated at every turn by the Whig-controlled Bank of England, Harley and Blunt decide to start their own institution: a trading company that will exchange government debt for stock shares. This new South Sea Company will have a monopoly on trade in the rich new lands of South America, but all the ports there are controlled by Spain, with whom Britain is at war. So Blunt pushes the country into a premature and unfavorable peace with Spain, enlisting famous authors to write his propaganda and convincing Queen Anne herself to tip the balance of Parliament in his favor. After the queen dies and the government changes hands, Blunt kicks Harley and his Tory leaders out of the company. He manages to bring King George I himself on board as a ceremonial leader, linking the success of the South Sea Company with the reputation of the monarchy. But while his maneuvering inflates the value of his company’s stock, it’s never produced anything close to the amount of money he’s convinced people to invest in it.

November 25, 2018

Lenin’s death and Stalin’s rise to Power I BETWEEN 2 WARS I 1924 Part 1 of 2

Filed under: History, Russia — Tags: , , , , , — Nicholas @ 04:00

TimeGhost History
Published on 24 Nov 2018

As Lenin’s health starts to fail, the struggle to become his successor picks up speed with Stalin maneuvering closer and closer to power. The outcome of this struggle will define a century of world events.

First off: sorry for some sound issues this was recorded before we built our studio. Again we jump ahead a bit to cover events in the 1920s that have a huge impact on the current events in our WW2 In Real Time series. Our TimeGhost Army member Kamil Szadkowski made this episode possible with his research and balanced views on the events of 1924. Also many, many thanks to Olga Shirnina for providing us with the excellent colorized images for this episode. Check out Olga’s amazing volume of work here: https://klimbim2014.wordpress.com.

Join us on Patreon: https://www.patreon.com/TimeGhostHistory

Hosted by: Indy Neidell
Written and directed by: Spartacus Olsson
Research Contributed by: Kamil Szadkowski
Produced by: Astrid Deinhard
Executive Producers: Bodo Rittenauer, Astrid Deinhard, Indy Neidell, Spartacus Olsson
Community Manager: Joram Appel

Archive by Screenocean/Reuter https://www.screenocean.com

A TimeGhost chronological documentary produced by OnLion Entertainment GmbH

Miracle on the Vistula – Polish Soviet War I BETWEEN 2 WARS I 1920 Part 1 of 4
https://www.youtube.com/watch?v=Equ7u…

Russia Before the 1917 Revolution I THE GREAT WAR Special
https://www.youtube.com/watch?v=t1b3f…

The Russian February Revolution 1917 I THE GREAT WAR Week 137
https://www.youtube.com/watch?v=5SyO5…

The Russian October Revolution 1917 I THE GREAT WAR Week 172
https://www.youtube.com/watch?v=2uoLo…

The Last Tsar of Russia – Nicholas II I WHO DID WHAT IN WW1?
https://www.youtube.com/watch?v=2OnTL…

Lenin & Trotsky – Their Rise To Power I WHO DID WHAT IN WW1?
https://www.youtube.com/watch?v=CPoJ6…

England: South Sea Bubble – The Sharp Mind of John Blunt – Extra History – #1

Filed under: Britain, Business, Economics, History — Tags: , , — Nicholas @ 02:00

Extra Credits
Published on 28 Feb 2015

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____________

When Robert Harley steps in as England’s new Chancellor of the Exchequer, he discovers that not only is the government deeply in debt, but no one knows quite how much debt it owes. Because vicious political infighting between the Tory and Whig politic parties made it difficult to pass new tax laws, Harley turned to a private financier named John Blunt to help find enough money for England to keep up with its expenses for the year. Using Harley’s government resources, Blunt instigated a series of get-rich schemes that drove artificial demand for unsustainable land and lottery investments with tremendous short term gains. Before the year was done, Blunt had successfully covered the shortfall for the government that year – albeit at the cost of driving England’s already outrageous debt even higher.

November 24, 2018

QotD: The Anglo-Saxon invasion

Filed under: Britain, History, Humour, Quotations — Tags: , , , , , — Nicholas @ 01:00

The withdrawal of the Roman legions to take part in Gibbon’s Decline and Fall of the Roman Empire (due to a clamour among the Romans for pompous amusements such as bread and circumstances) left Britain defenceless and subjected Europe to that long succession of Waves of which History is chiefly composed. While the Roman Empire was overrun by waves not only of Ostrogoths, Vizigoths, and even Goths, but also of Vandals (who destroyed works of art) and Huns (who destroyed everything and everybody, including Goths, Ostrogoths, Vizigoths, and even Vandals), Britain was attacked by waves of Picts (and, of course, Scots) who had recently learnt how to climb the wall, and of Angles, Saxons, and Jutes who, landing at Thanet, soon overran the country with fire (and, of course, the sword).

    Important Note

    The Scots (originally Irish, but by now Scotch) were at this time inhabiting Ireland, having driven the Irish (Picts) out of Scotland; while the Picts (originally Scots) were now Irish (living in brackets) and vice versa. It is essential to keep these distinctions clearly in mind (and verce visa).

The brutal Saxon invaders drove the Britons westward into Wales and compelled them to become Welsh; it is now considered doubtful whether this was a Good Thing. Memorable among the Saxon warriors were Hengist and his wife (? or horse), Horsa. Hengist made himself King in the South. Thus Hengist was the first English King and his wife (or horse), Horsa, the first English Queen (or horse). The country was now almost entirely inhabited by Saxons and was therefore renamed England, and thus (naturally) soon became C. of E. This was a Good Thing, because previously the Saxons had worshipped some dreadful gods of their own called Monday, Tuesday, Wednesday, Thursday, Friday, and Saturday.

W.C. Sellar & R.J. Yeatman, 1066 And All That, 1930.

November 23, 2018

Defense of Poland – The Battle of the Border – Extra History – #1

Filed under: Europe, Germany, History, Military, WW2 — Tags: , , — Nicholas @ 04:00

Extra Credits
Published on 22 Nov 2018

This series is brought to you by World of Tanks PC. Check out the game at https://redir.wargaming.net/z3ehuthn/… and use the code ORLIK for extra goodies.

Poland is threatened in 1939 not just by the Nazis, but by its own precarious geography between Germany and Soviet Russia. Edward Rydz-Śmigły spreads the Polish cavalry and tanks as thin as he has to around the border…
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November 22, 2018

Perseus – Medusa – Extra Mythology – #2

Filed under: Europe, Greece, History, Religion — Tags: — Nicholas @ 04:00

Extra Credits
Published on 19 Nov 2018

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Perseus is not intimidated by the grey women and their eyeball, or by Hermes’s complicated directions, or by Medusa, or by a winged horse sprouting out of Medusa’s blood, or by Andromeda’s boyfriend, or by his own dad.

November 21, 2018

Allied War Economy During World War 1 I THE GREAT WAR Special

Filed under: Britain, Economics, France, History, Italy, Military, USA, WW1 — Tags: , — Nicholas @ 04:00

The Great War
Published on 19 Nov 2018

Check Out Supremacy 1914: https://www.supremacy1914.com/index.p…

Financing and supplying the First World War was a huge economic undertaking that influenced the British, French, American and Italian economies profoundly and shaped the global balance of power.

November 20, 2018

Gordon Lightfoot’s “Wreck of the Edmund Fitzgerald

Filed under: Cancon, History, Media, USA — Tags: , , , , — Nicholas @ 03:00

Mark Steyn devotes a column to the work of Canadian singer/songwriter Gordon Lightfoot, particularly his very well-known ballad on the loss of the Edmund Fitzgerald on Lake Superior in 1975:

Edmund Fitzgerald, 1971
Detail of a photo from Wikimedia Commons

When it comes to trains and boats and planes, Gordon Lightfoot has hymned all three, but it’s the middle mode of transportation that produced the song he’s proudest of:

    The ship was the pride Of the American side
    Coming back from some mill in Wisconsin
    As the big freighters go
    It was bigger than most
    With a crew and good captain well seasoned…

In November 1975 Lightfoot chanced to be reading Newsweek‘s account of the sinking of a Great Lakes freighter in Canadian waters. He’s a slow and painstaking writer, which is one reason he’s given up songwriting – because it takes too much time away from his grandkids. But that day forty-three years ago the story literally struck a chord, and he found himself scribbling away, very quickly:

    The legend lives on From the Chippewa on down
    Of the big lake they called Gitche Gumee
    The lake, it is said Never gives up her dead
    When the skies of November turn gloomy…

“Gitche gumee” is Ojibwe for “great sea” – ie, Lake Superior – as you’ll know if you’ve read your Longfellow, which I’m not sure anyone does these days. Evidently Hiawatha was on the curriculum back east across Lake Huron in young Gordy’s Orillia schoolhouse. The Gitche Gumee reference may be why, when I first heard “The Wreck of the Edmund Fitzgerald“, I assumed its subject had sunk long before the song was written. In fact, it sank on November 10th 1975 – just a few days before Lightfoot wrote the number. When she’d launched in 1958, the Edmund Fitzgerald was the largest ship on the Great Lakes, and, when she passed through the Soo Locks between Lakes Superior and Huron, her size always drew a crowd and her captain was always happy to entertain them with a running commentary over the loudspeakers about her history and many voyages. For seventeen years she ferried taconite ore from Minnesota to the iron works of Detroit, Toledo and the other Great Lakes ports …until one November evening of severe winds and 35-feet waves:

    The wind in the wires
    Made a tattle-tale sound
    And a wave broke over the railin’
    And every man knew
    As the captain did too
    ‘Twas the witch of November come stealin’…

And about seventeen miles from Whitefish Bay the Edmund Fitzgerald sank, with the loss of all 29 lives. It remains the largest ship ever wrecked on the Great Lakes, launched in 1958 to take advantage of the new St Lawrence Seaway (to be opened by the Queen and President Eisenhower on an inaugural voyage by the Royal Yacht Britannia the following year) and specifically constructed to be only a foot less than the maximum length permitted. Edmund Fitzgerald was the then chairman of Northwestern Mutual Life Insurance of Milwaukee, and, as far as I’m aware, the only insurance company executive to be immortalized in a song title. Fifteen thousand people showed up for the ship’s launch at River Rouge, Michigan. It took Mrs Fitzgerald three attempts to shatter the champers against the bow, and then there was a further half-hour’s delay as the shipyard workers tried to loosen the keel blocks. After which the ship flopped into the water, crashed against a pier, and sent up a huge wave to douse the crowd. One spectator promptly had a heart attack and died.

And then came seventeen happy years. Even in the twenty-first century, there is something especially awful and sobering about death at sea: it is in a certain sense a reminder of the fragility of security and modernity. Whenever I’m in, for example, St Pierre et Miquelon, the last remaining territory of French North America, I stop by the monument aux marins disparus, sculpted in 1964 and to which many names have been added in the years since – because a ship put out, and somewhere on the horizon the great primal forces rose up from the depths and snapped it in two like a matchstick.

QotD: Why do we drink?

Filed under: Health, History, Quotations, Wine — Tags: , , , — Nicholas @ 01:00

Alcoholic beverages, like agriculture, were invented independently many different times, likely on every continent save Antarctica. Over the millennia nearly every plant with some sugar or starch has been pressed into service for fermentation: agave and apples, birch tree sap and bananas, cocoa and cassavas, corn and cacti, molle berries, rice, sweet potatoes, peach palms, pineapples, pumpkins, persimmons, and wild grapes. As if to prove that the desire for alcohol knows no bounds, the nomads of Central Asia make up for the lack of fruit and grain on their steppes by fermenting horse milk. The result, koumiss, is a tangy drink with the alcohol content of a weak beer.

Alcohol may afford psychic pleasures and spiritual insight, but that’s not enough to explain its universality in the ancient world. People drank the stuff for the same reason primates ate fermented fruit: because it was good for them. Yeasts produce ethanol as a form of chemical warfare — it’s toxic to other microbes that compete with them for sugar inside a fruit. That antimicrobial effect benefits the drinker. It explains why beer, wine, and other fermented beverages were, at least until the rise of modern sanitation, often healthier to drink than water.

What’s more, in fermenting sugar, yeasts make more than ethanol. They produce all kinds of nutrients, including such B vitamins as folic acid, niacin, thiamine, and riboflavin. Those nutrients would have been more present in ancient brews than in our modern filtered and pasteurized varieties. In the ancient Near East at least, beer was a sort of enriched liquid bread, providing calories, hydration, and essential vitamins.

[…]

Indirectly, we may have the nutritional benefits of beer to thank for the invention of writing, and some of the world’s earliest cities — for the dawn of history, in other words. Adelheid Otto, an archaeologist at Ludwig-Maximilians University in Munich who co-directs excavations at Tall Bazi, thinks the nutrients that fermenting added to early grain made Mesopotamian civilization viable, providing basic vitamins missing from what was otherwise a depressingly bad diet. “They had bread and barley porridge, plus maybe some meat at feasts. Nutrition was very bad,” she says. “But as soon as you have beer, you have everything you need to develop really well. I’m convinced this is why the first high culture arose in the Near East.”

Andrew Curry, “Our 9,000-Year Love Affair With Booze”, National Geographic, 2017-02.

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