Disclaimer

Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. But I can't by law give you advice, and I do make mistakes. Remember: the unexpected sometimes happens. Oddly enough, the expected does too, but all too often it takes longer than you thought it would, or on the other hand happens more quickly than you expected. The Goddess of Markets punishes (eventually) greed, folly, laziness and arrogance. No matter how many years you've served Her. Take care. Be humble. And don't blame me.

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Thursday, January 21, 2016

Light rail



A tram/light rail system is the cheapest mass transit option for medium density suburbs, cheaper than freeways and high density underground rail.  Sydney, after getting rid of its tram network in the 50s, has started rebuilding a light rail network, as the blogger "My Ordinary Life" mentions:

The Sydney Light Rail has announced it is adding 90 services a week to its Central Station to Dulwich Hill line. Passenger numbers rose 60% in the last financial year. The line was extended to Dulwich Hill in 2014. 
This bodes well for the Randwick and CBD extensions currently under construction.

Light rail is nice: it runs like a tram on city streets, but becomes a train of sorts in the suburbs.  And the power it runs off can come from renewables, it produces no diesel fumes, and its stops (in the city) are close to where you want to go.

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