Monday, September 16, 2019

End of cheap energy means no more profits

Price of energy too low for producers, too high for consumers. The gap has been filled by debt. But debt is a bet on future profits, but there is no more cheap energy, so there won't be any future profits.
Our problem is not just that oil prices that are too low. Prices are too low for practically every type of energy producer, and in many parts of the globe.
...
The world economy seems to be running out of truly productive uses for debt. There are investments available, but the rate of return is very low. The lack of investments with adequate return is a significant part of what is preventing the economy from being able to support higher interest rates.
https://ourfiniteworld.com/2019/09/12/our-energy-and-debt-predicament-in-2019/


Thursday, September 12, 2019

Fare-free #publictransit works

The city of Dunkirk in northern France launched a revamped bus system last year with a twist – it’s completely free. A new study shows that the programme is not only revitalising the city center but also helping the environment.
https://www.france24.com/en/20190831-france-dunkirk-free-transportation-bus-success-climate-cities 

Saturday, September 7, 2019

Fix and expand or remove fares right away, which path?

There are public transit advocates and city planners who say that public transit must first be fixed and expanded before it can be made fare-free.

Why?

People have fought for 100 years for better public transit.

It has only gotten worse relative to need, and in some places absolutely worse.

The idea of fare-free is to force the issue. It will show that people want public transit, because ridership will go up. Then we will have the constituency to fix and expand.

Wednesday, September 4, 2019

Student #publictransit riders face intimidation in Seattle

Tuesday, September 3, 2019

Ridership soars with fare-free #publictransit

Since the introduction of free public transport in Tartu County last July, the number of bus passengers on county routes has seen significant growth, regional Tartu Postimees reports.

A total of 131,269 passengers used the free regional bus service in July 2018, up 35.2 percent on year from 97,083 in July 2017, Tartu County Public Transport Centre management board member T├Ánis Piir said. This July, the number of passengers using the county's free transport totaled 153,049, indicating a further 16.6 percent growth on year in ridership.
https://news.err.ee/973636/free-public-transport-in-tartu-county-sees-ridership-soar 

CEO of Kansas City Area Transportation Authority wants it to be fare-free

Robbie Makinen, CEO of the Kansas City Area Transportation Authority, has more important matters to discuss than his inability to see. Ask about his vision loss, and he'll redirect the conversation. 
Yes, he said, he woke up completely blind one morning in 2013, but, "let’s talk about free transit."
https://www.kcur.org/post/head-kansas-citys-bus-system-lost-his-sight-has-clear-vision-free-public-transit#stream/0 

Salt Lake City close to implementing #freepublictransit

Salt Lake City may soon become the first major American city with free public transit, as voters and mayoral candidates get behind the idea 0f eliminating fares as a way of attacking rampant air pollution.
https://usa.streetsblog.org/2019/08/08/salt-lake-city-may-create-free-fare-transit/ 

Kansas City considering #freepublictransit

https://nextcity.org/daily/entry/kansas-city-considers-doing-away-with-transit-fares-citywide
Could Kansas City Become the First Major US City with Totally Free Public Transit?