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Posts by Adron

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Warren Buffett Buying BNSF?

Just FYI:

  • BNSF stands for Burlington Northern Santa Fe
  • BNSF is made up of many consolidations & acquisitions of 390 railroads over the last 150+ years.  It serves a vast rail network from Seattle to Chicago to LA and has trackage rights on other networks that allows access to hundreds of other locations.  For more history on the companies that make up the modern BNSF railroad check out their history page.

On to Warren & his Purchase

Wow, the suspicion I have behind the Warren Buffet purchase of BNSF has my mind racing through ideas on why.  The simple act of a single individual owning a major railroad in the United States again is awe inspiring, suspicious, and in some ways fills me with hope for the nation.  Let me explain why.

The last private owner of a railroad that was anywhere near the scale of BNSF was a long long time ago.  Now, modern America will have a railroad that can literally act in seconds, move with the speed and innovation pushed by an individual.  Boards can’t act that fast, Governments have no hope to even remotely act fast, let alone act, and other forms of organization just can’t compare.  This of course can be a good thing and a bad thing.

Does Warren know railroads?  I don’t know if he does or not, he does seem to be able to pick investments pretty well, and he just bet the farm on the purchase of an entire railroad.  That is saying a lot.  Is he literally telling America that he believes in the underpinnings of free-market (REAL free-market, not that psuedo psycho Republican free-market ideal) capitalism?  Or is there some hidden agendas being played out?  Do these agendas possible come from somewhere else besides Mr. Buffett himself?  I have some suspicions about this, but I’m not betting anything on it yet because there are a lot of factors that haven’t shown their respective cards.

Re-regulation?

Over the last 5 years or so a lot of energy, money, and other political willpower has been put into re-regulating the freight railroads again.  This, by any turn of events, would be horrible for the freight carriers and bad for America in general.  I’m not even going to bat around the nonsense that it would be an increase in competition or anything of that sort.  This re-regulation would starve the industry, quite rapidly, by requiring the railroads to sink more money into political pandering and less into the functional investment of the railroads themselves.  Already pricing and other things are regulated by the Federal Government, we don’t need additional nonsense for them to deal with. 

Does Warren know about a death of this effort?  Because there would be zero reason for him to invest if he thought there was a remote chance that re-regulation would go through.  Indeed, this is something to ponder.

Political Positioning

The key players in the administration, which would be Obama and Biden, both are in support of high speed rail and rail transport in general.  Biden especially, loves passenger rail.  BNSF of course is not involved in passenger rail, but having a huge supporter owning the railroad puts the administration in a very powerful position to make change.  This can happen on two major idealistic fronts;  the free-market advocates viewpoint and the more socialistically minded & environmentally friendly supporting Democrat.  With Warren owning the railroad the administration could easily encourage without any legislation at all some very positive actions, winning accolades for the railroad, for the administration, and getting the administration more in tune to what is really going on at the rail.

Does Mr. Buffett have some inside knowledge on some political action by the administration?  Does he know about some major event or is guessing at some major event that would position the railroad to drastically expand operations into new realms of service?  Once again, another legitimate thought to keep in mind when pondering this purchase.

Summary

So do I know what Warren is up to?  No.  Do I think I even have a remotely logical idea about his action?  Nope.  Overall I have absolutely zero idea why he would step out this far in order to purchase an entire freight railroad.  In some ways the political environment seems to make this an absolutely bad idea, and in another it seems like a great idea.  From an economic stand point it appears to be a really odd play, without a significant ROI in comparison to some other parts of the market.  Especially with the economy in the position it is currently in.

What do you think?  Any ideas, conspiracies, inside knowledge?  I’d love to read some comments on this so light em’ up.

More Bus Service Reductions

I knew there would probably be more, it isn’t like people are actually becoming re-employed.  Most of the people who pay the taxes (i.e. upper incomes) that actually pay the bulk of TriMet’s costs haven’t increased employment in the area either.  So no matter what way one looks at things, more cuts are coming.

So I wasn’t terribly surprised when I saw this list of frequency cuts.  But at the same time I wanted to know when this list came up.  Rightfully they haven’t cut any rush hour services on these routes, but even these off hours seem like they’re really starting to stretch for areas to cuts.  I know also that MAX isn’t in this round of cuts, and rightfully so as it is cheap to operate compared to buses.  Going car-less and moving back downtown is definitely going to help cope with these cuts, as I will barely need transit for anything really, but it is getting kind of awkward.

It seems TriMet needs to get a grip on things and maybe start cutting something besides actual transit service.

$1.8 Billion for ALMOST 10k jobs (re: Oregonian)

That pans out to $180,000 dollars per job – WTF?!  I doubt many of those are economically sustainable, useful, or even needed.  The bailouts are extending our uselessness as a nation and perpetuating our inability to generate actual wealth (i.e. create something vs. just shift money around).  These types of numbers, also not surprising, are still unsettling no matter how prepared I am for them.

As Oregon has blown through $1.8 Billion, and gotten dozens of millions for random work around the transit system, the state can’t seem to manage to get a measly $23-26 million to TriMet to stave off these service reductions.  Yo, politicians WTF are you doing?  You guys break laws and distort all sorts of legal lines to push money into less legitimate things than transit all the time.  Get on the ball and get the buses moving again – at least on the frequent service lines.

Anyway, that’s all I got for today.  Go have fun on Halloween…  because I’m just loitering about and observing the mayhem!  : )

Car-free Confusion

It has only been a week with no car.  I’ve had ZERO issues getting to anywhere in Portland I need to be at, on time, by schedule, or whatever.  Neither has Jo.  We have travelled literally 10+ miles from downtown, still no problem.

Even though we have zero issues getting around almost (not everyone) every auto dependent person asks when we are planning to go somewhere, “do you need a ride?”  Not in a “I’m going do you need a ride” but a “Oh dear you don’t have a car and maybe I should provide a hand out”.  No, we don’t need a ride.  We will find out where we are meeting and we’ll probably be there before you, with your car.

So far in the car free life that has been our number one retort we’ve received since it has become official.  Jo & I have been somewhat amazed by it.  As if somehow, because we had a car before, but went everywhere on transit, bike, or walking it made us more capable of getting somewhere.  It didn’t, we never used it, it didn’t matter.  So what is different now?  I think the biggest thing is the mental hurdle, especially for most Americans, to get over the fact that someone can live a fully productive, entertaining, honest, involved life without a car.

What Else Has Changed?

That last stop gap attempt to hurry somewhere.  Before with the car, if a bus was late I didn’t pay much attention.  For some reason now, when a bus is late I actively think about the fact that if it is late, I don’t have an alternative.  Partly that is my fault, I’ve been procrastinating getting a good commuter bike for months.  But the fact there is no car to fall back on really makes me think about that.  It makes me think that a weaker and less organized individual would easily fall into the trap of relying on a car for things that are absurdly unnecessary.  Which of course, is exactly what America has become in this context.

Why Did I do it?  Why Did We do it?

Jo has kept a simple life for years.  Not wanting the headache or annoyance of a car.  She had her head on straight long before we met.  I also had the idea, but was flung into working in areas that had horrible options.  We finally moved out to Portland in 05’.  For me I was returning, for Jo it was a new city.  Within 6 months there was no way she’d ever want to leave again, and here we are years later and we have no intention of leaving.  Portland by far is one of the greatest city’s in this country.  Only the largest of cities can even give it a run for its money; Chicago, San Francisco, New York, New Orleans, and there may be one or two more I’ve missed.

When we moved up here, Jo had been car-free for a year or two already.  Even in auto-dependent Jacksonville, Florida she was car-free.  With our arrival we went immediately into a functional car-free existence.  The car I had, a Nissan Altima w/ V6, got parked in a lot and moved about once a week.  I never really used it more than that.  For a time I did use it in conjunction with the MAX for part of my commute.  It helped me get that last 2 miles, and transit covered the other 8+ miles.  Eventually I figured out where I was going and that there was a bus line, and even that usage stopped.

All this time, from the Altima to the 350Z I was following the traditional American approach of paying a car note.  In addition I have somewhat unsightly insurance.  Those costs kept adding up and it got to a point that it didn’t really make sense to have a car sitting there that was costing me so much money.  So the decision was made, that we’d sell it.  No need to watch the car sit there and look pretty in the parking lot.  So with barely any miles on a 3 year old car we sold the Daytona Blue Nissan 350Z.

I thought I loved her, but was glad to see her go.

Jo and I are on the end of our first week without a car.  We rarely think about the fact, as it isn’t really important.  We’re doing all sorts of positive things by not having a car, but there is a more important factor here.  We’re living a more complete, simplified, easier to live, less complicated life than most Americans.  Not just a little, but by a large degree.  I’m finding more and more, as is Jo by our complete car-free lifestyle, that cars actually complicate and make life more difficult.  The novelty is slowly wearing off for millions of people in America.  I hope it isn’t too late to reverse some of the damage the change in infrastructure and political perversions to support the automobile have wrought.  It would be a grand thing for more Americans to clean up their act.  I don’t say that in an environmental sense, that’s just an extra benefit.  I’m speaking in the sense of life itself.

Well we’re off to breakfast, and a treasure hunt of modeling supplies, without a car.  So enjoy the day, cheers!

Officially Carfree

No more payments, no more oil changes, no more maintenance, no more worrying, no more wrecks, no more headache.  Total logistical freedom (yeah, feel free to argue that point with me, “I’ll pwn U” – as they say on the Internets).

Today I officially signed the title of the 2006 Nissan 350Z over to the knew owners.  May they have awesome fun with the rad little car that it is.  As for me, I just gained so much I can’t even fathom yet.

This selling of the car, has moved me from a mere transit advocate and anti-auto dependency market advocate, but now I am firmly planted 100% in that realm.  It will be an interesting place for a mostly Libertarian person as myself, who believe in the inviolate individual and property rights.  Being that transit has become the stomping grounds of so many socialists, pro-Government control advocates, it shall be an interesting discussion when that is brought up.

Anyway, any entries from hence forth will of course include my slightly altered new reality.  Being without a car may just change my mind a bit about certain things – or not.  I often have a very clear view of the world, politics, and other such things (I believe along with many people telling me the same thing, so it isn’t just my word).  So now I ponder will my perspective change much.

Anyway, it is Friday and I’m rambling through a partial blog entry.  I’m heading off to do something, not sure what, but it will definitely not be in a car!  : )

Flights, Thief River Falls, and Minneapolis

NOTE:  This entry I originally wrote and neglected to post a couple months ago.  Since I had written a substantial entry, I couldn't just leave it unpublished – so here it is available as a completely random post.

Round 1:  Destination Thief River Falls, Minnesota

I travelled to Thief River Falls, MN recently via a selection of transport modes.  I’m here on business, but that’s irrelevant to Transit Sleuth readers, but there are some other points that are relevant.

First I left the house via automobile, for the prime reason no buses run early enough to deposit me somewhere to ride the MAX Red Line to the airport.  Jo rode with me to return with the car to its parking spot where it shall sit for another dozen or more days.  We left at 4:35am heading east on Powell, turned onto I-205 north.  After a few minutes we exited the Interstate at Glisan to park at the Park & Ride at Gateway Transit Center.

After a few minutes, the next MAX Red Line arrived exactly on time, Jo and I boarded, and off we went toward the airport.  After the short 10 or so minute ride we detrained and headed into the concourse.  I picked up my flight tickets and we headed off for some grub in the main commercial area of the concourse.

We bid farewell for the trip and I struck into security with the blank stair of a downtrodden and beaten dog.  Every American should walk into the security lines of the TSA this way, because really, THAT’S EXACTLY WHAT WE ARE for allowing this $8 Billion a year travesty.  It isn’t security, it’s a “customer service organization”!  I’ve seen it on TSA memos so it MUST be true!  Anyway – I’m sure you can tell I am NOT a fan of the TSA.  It’s a waste of billions, and does NOTHING more than the security did that existed before that didn’t cost a single taxpayer penny.

After I made it through the deluge of security idiocy and dehumanization I went and camped out at the terminal the plane would depart from.  After a while we started boarding in preparation for departure.  I got onto the plane in my normal way, with precision and stowed my carry on luggage.  I immediately sat down and attempted to stay out of the way.  Of course, everyone else isn’t like me and could give a crap whether they slam EVERY bag they have into me.  So I sat there in my aisle seat attempting to not get smacked in the face.  In the end I was hit 6 times; 2 to the side of the head, 3 slammed into my arm as I blocked their clumsiness, 1 by a babies foot and the bag the individual carried as she turned to apologize, and 1 more time by some drudge of an idiot just plundering through and hitting everyone on their trip to the back of the plane.

Still in one piece, boarding completed, and off we went.

…or well, so that was the plan.  We pulled away from the terminal air-way and sat for 20 minutes because some luggage guy left some of the cargo netting hanging out of a bay area.  After waiting 19 minutes for someone to come back and fix it, someone appeared and stowed the cargo net in the cargo bay.  Now we finally, after this show of blundering, we where off.

The flight was ok, fortunately it was a big plane.  The 757-200 lumbered through the air with a Cadillac’s ride; smooth yet clumsy.  We started our approach after the few hours of transit, and landed at Minneapolis about 25-30 minutes late!  Weeehooo!  Late planes rock!

I deplaned and met up with my coworker Gary, which we then snagged a Quiznos in one of the airport restaurants.  After that short bite we went and waited for the arrival of our next plane, which would take us to Grand Forks, North Dakota.

We made the flight and headed to Grand Forks.  After the short flight we arrived, amazingly about 10 minutes early.  So overall, we arrived at this point early.  Gary got our car which he would drive to our final destination of Thief River Falls, Minnesota.  We piled into the Toyota Camry and smoothly rolled along the highway clearing mileage at around 65 mph.  We arrived, found our place of residence for the rest of the week and grabbed some food.

Round 2:  Destination Portland, Oregon

We departed Thief River Falls and travelled to Grand Forks to board the 8:10am departure to Minneapolis.  We arrived, Gary turned in the rental car, and we boarded the plane.  A quick flight, and as we landed I jarred awake.  I had fallen asleep for the entire flight and I wasn’t complaining.

After some quick flight research, my gate was F13 for the Minneapolis to Portland leg of the trip.  But before I continue the travelling narrative I really have to add some props for Portland.

There are people, and they seem to be a small number but have grown loud lately, that incessantly complain about Portland.  Most of these people don’t seem to do a real apples to apples comparison of Portland to other cities nor take the current issues here in Portland in context of other cities.  Among all those complaints though, Portland has some awesome amenities compared to…   well I’d say about every single city in the United States.

Where do I start?  I arrived in Minneapolis, and after two days of zero amenities I was glad to be back in civilization.  The first thing I did was get a cup of coffee, from Caribou Coffee.  I don’t want to complain, it was a good cup of coffee, but it by no means is a really good cup of coffee like one expects in Portland.  As I sat with my cappuccino pondering this wire-less the Minneapolis Airport has I was guessing on 5-10 bucks for the day.  Portland’s of course is free.  I got connected and sure enough, one hour is a bloody freaking $4.95!  So much for being business friendly.  I’m all for charging, but they ought to just put a surcharge on the airport fees or something.  It’s just too much mess to be required to dump out $4.95 AFTER I’ve already gone through a dozen different charges and other mess in an airport.

Anyway, a good flight home.  A short ride on the Red Line MAX back into downtown Portland and into the Office.  From there I did a few hours of catch up and then jumped back on the bus for the trip home.  After a short #9 run across the Ross Island Bridge I arrived home.  Overall a good trip, a rare trip, but one for the books.

One major thing, I'm very happy to be back in ole’ PDX.