Today in History for November 7th

Highlights of this day in history: Bolshevik Revolution takes place; America’s 2000 presidential vote faces limbo; Nixon loses Calif. governor’s race; Tacoma Narrows Bridge collapses; Evangelist Billy Graham and singer Joni Mitchell born. (Nov. 7)

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Today in History for September 26th

Highlights of this day in history: JFK and Nixon participate in TV’s first presidential debate; Cuba ends Mariel boatlift; Composer George Gershwin, poet T.S. Eliot and tennis star Serena Williams born; ‘West Side Story’ hits Broadway. (Sept. 26)

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Today in History for July 24th

Highlights of this day in history: A key ruling during the Watergate scandal; Nixon and Khrushchev hold a ‘kitchen debate’ during the Cold War; Brigham Young and Mormon followers arrive in present-day Utah; Apollo 11’s crew returns home. (July 24)

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Watergate’s John Dean: Mueller left ‘road map’

John Dean, a star witness during Watergate who helped bring down the Nixon presidency, testifies that special counsel Robert Mueller left Congress with a “road map” for investigating President Donald Trump. (June 10)

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Why Amtrak Is So Expensive | So Expensive

Amtrak has been operating since 1971. With high ticket costs, Amtrak has become a less viable mode of transportation. It has had a long history of financial instability since its formation. 

Following is a transcript of the video:

Narrator: Amtrak is the only passenger railroad service that operates throughout the continental US. With about 500 destinations, the service has been operating since 1971. But with high ticket costs, Amtrak is becoming a less viable mode of transportation. In fact, it’s often more expensive to take an Amtrak train from New York City to Boston than to fly. Why does the US, a country that created billionaire railroad tycoons, have such an expensive and inefficient train system?

Amtrak has had a long history of financial instability since its formation. Passenger trains used to be owned by private companies that operated freight trains. At the start of the 20th century, nearly 42 million passengers traveled by rail as their primary mode of transportation. However, by the 1940s, railroads began to become less popular as buses, planes, and cars grew in popularity. And by the 1960s, many railways, such as Penn Central and Atchison, Topeka & Santa Fe Railway, all discontinued most of their trains.

Passenger trains were no longer profitable, especially when the US Post Office began shipping mail by truck and air. In an attempt to rescue the service, then-president Nixon signed a law in 1970 that ensured government funding. This act created the National Railroad Passenger Corporation, which eventually became Amtrak. Of the 26 railroads offering passenger service, six declined to join Amtrak.

Although the railroad service continued, its problems with ridership and financial instability remained. Amtrak competed with other railway companies for train stations and tracks. On its first day of service, passenger trains had to be rerouted from seven train terminals in Chicago into just one. Amtrak also had to pay and maintain multiple train stations in one city due to the lack of track connections.

Throughout the early 2000s, the US government attempted to make Amtrak financially self-sufficient by trying to increase ridership and implement the Acela Express, which runs at a maximum speed of 150 mph. But their plans failed, as Amtrak still had a large sum of debt from years of underfunding. To this day, trains still have a low profit margin and rely heavily on subsidies to operate.

According to the company’s 2017 fiscal year report, Amtrak had a total revenue of $3.3 billion. Unfortunately, this wasn’t enough to make Amtrak profitable. It still had a total operating loss of $194 million. Many of the lines don’t make any money or are operated at a loss. To accommodate the money-losing routes, Amtrak uses profits from its popular lines, such as the Northeast Corridor. Since this is one of the most popular routes, Amtrak can charge higher prices and send those profits to other, less profitable lines.

Additionally, the USA is a very big country. It’s the fourth-largest country, with about 3.8 million square miles of land. In comparison to Japan, which is smaller than the state of California, the US requires a lot more rail to cover its land. Amtrak trains run on 21,400 miles of track, and only owns about 630 miles of it.

For example, between New Rochelle and New Haven on the Boston-New York route, the tracks are owned and operated by Metro-North Railroad. This means Amtrak needs to pay Metro-North Railroad to run their trains over these tracks, which adds extra costs to passengers’ tickets.

According to Amtrak’s company profile, it operated approximately 300 trains a day in 2017. In comparison, SNCF, the French National Railway Company, operated 14,000 trains daily. That’s 47 times more trains, serving a nation that has one-quarter of the population of the United States. France is also even smaller than the size of Texas.

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Why Amtrak Is So Expensive | So Expensive

Today in History for November 26th

(26 Nov 2018) China enters Korean War; Nazis force half a million Jews into walled ghetto; Nixon’s secretary tries to explain gap on Watergate tapes; ‘Casablanca’ premieres at Hollywood Theater; Tina Turner is born. (Nov. 26)

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Today in History for November 7th

(7 Nov 2018) Highlights of this day in history: Bolshevik Revolution takes place; America’s 2000 presidential vote faces limbo; Nixon loses Calif. governor’s race; Tacoma Narrows Bridge collapses; Evangelist Billy Graham and singer Joni Mitchell born. (Nov. 7)

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Today in History for September 26th

(26 Sep 2018) Highlights of this day in history: JFK and Nixon participate in TV’s first presidential debate; Cuba ends Mariel boatlift; Composer George Gershwin, poet T.S. Eliot and tennis star Serena Williams born; ‘West Side Story’ hits Broadway. (Sept. 26)

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ShowBiz Minute: Nixon, Legend, Rihanna

(14 Sep 2018) Cynthia Nixon concedes New York primary; Newly minted Emmy winner John Legend joins “The Voice”; Celebs turn out to help Rihanna’s Diamond Ball shine bright. (Sept. 14)

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Cynthia Nixon concedes New York primary

(14 Sep 2018) Cynthia Nixon says she has called New York Gov. Andrew Cuomo to congratulate him on his victory in their hard-fought Democratic primary. Nixon challenged Cuomo, who won the primary on Thursday. (Sept. 14)

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‘Sex and the City’ actress in uphill NY election fight

Cynthia Nixon, the left-leaning “Sex and the City” actress turned education activist, greets voters before casting her vote in the New York Democratic primary election. The campaign is a long-shot bid for Nixon who is looking to unseat New York’s governor Andrew Cuomo, running for his third term.

Voters in New York to settle Nixon, Cuomo contest

(12 Sep 2018) Democratic primary voters in New York will soon settle the contentious primary battle between two-term Gov. Andrew Cuomo and liberal challenger Cynthia Nixon, the longtime activist and former “Sex and the City” star. (Sept. 12)

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Cuomo, Nixon spar in gubernatorial debate

(30 Aug 2018) New York Gov. Andrew Cuomo and former “Sex and the City” star Cynthia Nixon held a debate Wednesday night ahead of the Sept. 13 Democratic primary. The testy exchange featured plenty of interruptions and insults, but yielded no knockout blows. (Aug. 29)

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Today in History for July 24th

(24 Jul 2018) Highlights of this day in history: A key ruling during the Watergate scandal; Nixon and Khrushchev hold a ‘kitchen debate’ during the Cold War; Brigham Young and Mormon followers arrive in present-day Utah; Apollo 11’s crew returns home. (July 24)

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Keiser Report: Trump’s Twist To ‘Madman Policy’ (E1253)

Check Keiser Report website for more: http://www.maxkeiser.com/

In this episode of the Keiser Report, Max and Stacy discuss Donald Trump’s unique twist to the ‘madman policy’ which was first weaponised by President Nixon in his dealings with both North Vietnam and the Soviet Union. In the second half, Max interviews 15-year-old Python coder, Oliver Morris, about his crypto journey which began at the age of eight when he first heard about bitcoin on the Keiser Report. Seven years later, Oliver is being homeschooled so that he can concentrate his learning on a field for which he is passionate – cryptocurrency. These days Oliver is part of the ‘dev team’ working on MaxCoin, a small market cap with big tech including SHA-3 and Schnorr Signatures. This ‘alt-coin’ has provided the perfect sandbox to do a deep dive into blockchain technology.

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https://www.youtube.com/playlist?list=PLPszygYHA9K3PH1O090X7qlN2_fxziU5M (E1201 – Current)

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Facing Cuomo, Nixon looks to Ocasio-Cortez win

Up against two-term Gov. Andrew Cuomo, former “Sex and the City” star and liberal activist Cynthia Nixon is taking inspiration from Alexandria Ocasio-Cortez’s long-shot victory in Tuesday’s Democratic congressional primary. (June 28)

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Nixon: Raise Taxes On Rich To Fund NY Schools

New York gubernatorial candidate Cynthia Nixon laid out a $7.3 billion plan to boost education from preschool through college. The Actress said Wednesday her plan would be funded by increasing taxes on wealthy New Yorkers and corporations. (June 13)

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Parker excited about Nixon’s run for governor

At a Tribeca Film Festival premiere of her new film “Blue Night,” Sarah Jessica Parker talks about “Sex and the City” co-star Cynthia Nixon running for governor of New York. The actress also spoke about bringing the movie to the festival and singing onscreen. (April 20)

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Keiser Report: Picking next ‘tin-pot’ for America (E 990)

In this special US election day episode of the Keiser Report from New York Max and Stacy discuss pushing tinfoil and possible election outcomes. Max talks to the people of New York by visiting Times Square and finds not only a divided electorate but a colourful and . . . sometimes angry one. In the second half Max talks to Chris Whalen about his reasons for voting for Trump and whether or not a Clinton 2.0 would actually be a Nixon 2.0.

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