After a six day swing from New York through London and Paris,here are some disparate observations and takeaways:
Rail and subway links within and between major Euro capitals andtheir airports put major U.S. cities to shame. We continue to fallfurther behind in our ability to move people and goods around andbetween our congested metros, and that spells long-term issues forreal estate markets. Earlier this week, a French company justintroduced the prototype for a train that will travel at 225 milesan hour. America does not have tracks or dedicated rail linesto accommodate high speed trains. Amtrak's so-called AcelaExpress in the Northeast corridor can run for spurts over 100 mph,but that's all.
London congestion pricing seems to work. Traffic appears moremanageable in the center city. On Monday, truckers began gettingcharged £200 a visit into the congestion zone, if their rigs don'tmeet pollution requirements. Most locals accept the schemes. Andthe revenues go to mass transit and road repairs.
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