Indianapolis 500 versus Monte Carlo Grand Prix: Train to the Race

KCJones

Yes as far as the races: Indianaplis 500 and Monaco Grand Prix; there are a lot of differeces. We won’t try and appear intelligent; let’s conclude they are HUGE spectator events that happen every May.

In 1911, The Peoria & Eastern  Railway will convey about 70,000 to the Indianapolis Speedway.  1963 The Peoria & Eastern runs the last of its “500” specials. The trains are profitable, but do not fit into the company’s long-range plans.

Beginning in 1929, the Grand Prix of Monaco is also a really huge event.  Compare to Monaco F-1 Grand Prix held end of May. SNCF (French National Railways) runs through Monaco over a high speed electrified line from French Riviera to Italy. Most trains are eight car Alstom-manufactured trainsets. Four of these are owned by the Principality of Monaco and painted royal colors of red and white with royal crest. Limited roads into Monaco and very…

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How Home Ownership Became The Engine Of America Inequality

PenneyVanderbilt

New York Times Magazine via California Rail News

Almost a decade removed from the foreclosure crisis that began in 2008, the nation is facing one of the worst affordable-housing shortages in generations. The standard of “affordable” housing is that which costs roughly 30 percent or less of a family’s income. Because of rising housing costs and stagnant wages, slightly more than half of all poor renting families in the country spend more than 50 percent of their income on housing costs, and at least one in four spends more than 70 percent. Yet America’s national housing policy gives affluent homeowners large benefits; middle-class homeowners, smaller benefits; and most renters, who are disproportionately poor, nothing. It is difficult to think of another social policy that more successfully multiplies America’s inequality in such a sweeping fashion.

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