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Fast Train Called Just the Ticket for Job Growth

A high-speed train proposed to run from San Diego to Los Angeles to San Francisco and Sacramento could create 45,000 jobs in San Diego alone, according to a study released Sept. 24 by the San Diego Institute for Policy Research.

Of course, the ballot measure called Proposition 1A authorizing the issuance of a $9.95 billion bond must first be approved by a majority of the state’s voters on Nov. 4.

But the institute, a think tank funded by former mayoral candidate Steve Francis, says in its report the investment is well worth the cost.

“The obvious benefits of high-speed rail include lowered transportation costs, time savings compared to automobile trips, less congestion at Lindbergh Field, a community more attractive to businesses and safer highways resulting from fewer vehicle trips,” said Lynn Schenk, San Diego’s representative on the California High Speed Rail Authority, and a former San Diego congresswoman.

An estimate on the total cost of the bullet train, from Los Angeles to San Francisco, is about $32 billion. The trains would travel about 220 miles per hour.

— Mike Allen

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  February 8-14, 2010
SDBJ News
CONNECT Goes to Washington
Most high-tech entrepreneurs and innovators don’t have time to put on a tie and sit through a three-hour meeting about policy issues in Washington, D.C. They are too busy creating the next generation of digital mobile applications and lifesaving health care products, and creating jobs for the new innovation economy. There has not been a strong voice or presence in the nation’s capital to represent these innovators, who neither have the money nor bandwidth to lobby or educate representatives on their needs and interests — until now.
S.D. Companies Race to Build Gene Machines
Technology contenders in the race to decode a person’s entire genetic makeup for less than $1,000 have been making gains in recent months, signaling that the finish line isn’t far ahead.
Conference Focuses on Methods to Combat Cyber Attacks
The creative and destructive power of the Internet emerged as a major topic of the West 2010 military conference, sharing the stage with more time-honored topics such as ships and naval strategy.
Scripps Health Issues $220M in Revenue Bonds
Scripps Health, currently in the middle of a building spree intended to bring its aging health care facilities up to date while accommodating future population demands, sought help financing its projects through the public markets last week.
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