Monday, May 26, 2008  Humboldt Bay and NCRA: A great investment?
I've read this article on Golmdan- Sachs' interest in Humboldt
Bay and the North Coast Railroad Authority a couple times to
make sure I have it right. It does indeed look like they're
talking about using private investment from various pension
funds to develop the harbor and railroad.  How could a
libertarian argue with that? It's their money to lose, or is it?
I had to ask myself; If it was my retirement money they were
investing, would I want it spent on rebuilding our railroad?
Would you want your retirement account to invest in Humboldt's
port and railroad? Not Sure Free polls from   At 5:27 PM,
Anonymous Anonymous said...  The NCRA give away of public
property already happened. According to the contract with the
NWP the "operator" pays $250,000 a year to use the entire line
when or if it gets used. Anything that needs to be fixed beyond
basic maintenance is payed for by the public. So the public will
end up footing the bill for the failin