By R. Michael Warren Opinion Tues., Sept. 4, 2018 There are a legion of reasons why uploading the TTC subway system to the province is a bad idea. It’s more mindless political tinkering when there are far more important governance issues to address if our transit ridership is ever going to be seamless, affordable and time-competitive with the car. Uploading may allow the province to borrow at a slightly lower rate than the city for subway expansion. But it raises more questions than it answers. How are the fares across a fully integrated system to be shared? Who pays for the maintenance of the subway and rolling stock? Ford has pledged $160 million annually to maintain the rail network. The TTC says it will average $327 million a year. Its forecast is based on years of experience. The province is deliberately lowballing its offer in what will surely descend into the Brexit of provincial-city politics. The current value of Toronto’s subway system is about … [Read more...] about GTA needs one region-wide transit system
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caption Steve Case, center, emerges from the big red bus that carries him and a team of investors through the “Rise of the Rest” tour. source Revolution AOL’s billionaire cofounder Steve Case runs the DC-based venture capital firm Revolution. Case is convinced that the future of American startups lies outside of Silicon Valley, New York City, and Boston, which receive 75% of all venture capital in the US. Since 2014, he has gone on seven “Rise of the Rest” bus tours to encourage entrepreneurship across the country, for a total of 38 cities outside of the three main VC centers. Late last year, he launched the $150 million Rise of the Rest Seed Fund and put “Hillbilly Elegy” author and former Valley investor JD Vance in charge. It includes limited partners like Amazon’s Jeff Bezos and Bridgewater’s Ray Dalio. While the … [Read more...] about AOL cofounder Steve Case is betting $150 million that the future of startups isn’t in Silicon Valley or New York, but the money isn’t what’s making his prediction come true
By Marc Fisher The Washington Post Sari Horwitz Fri., Feb. 23, 2018 They are the sons of wealth, brought up in families accustomed to power. They were raised to show and demand respect, and they were raised to lead. They rose to positions of enormous authority, the president of the United States and the special counsel chosen to investigate him. They dress more formally than most of those around them; both sport meticulously coiffed hair. They have won unusual loyalty from those who believe in them. They attended elite all-male private schools, were accomplished high school athletes and went on to Ivy League colleges. As young men, each was deeply affected by the death of a man he admired greatly. Yet Robert Swan Mueller III and Donald John Trump, born 22 months apart in New York City, also can seem to come from different planets. One is courtly and crisp, the other blustery and brash. One turned away from the path to greater wealth while the other spent half … [Read more...] about Mueller and Trump: Born to wealth and raised to lead. Then, they made sharply different choices.