What rail? The one into Inglewood? Super helpful for everyone involved.
I'm not arguing the measurement of 1 mile versus 1.5 miles with you. You are nitpicking to confuse the argument and it doesn't change the point in the least.
I have lived in LA long enough to see proposal after proposal made, the taxis protest, and the proposals get canned. You can talk about lack of influence all you want, but they have gotten their way every time they made a statement for the last several decades by threatening to shutdown airport traffic. They are nothing but thugs.
No, it's not. Nothing you wrote contradicted anything I said. The ultimate passenger destinations are less than 1 mile from the airport. They do not include connections to ongoing transportation other than cars, buses, and taxis. It cost $4 billion for something that adds little to no value.
LA taxi drivers were actively protesting outside of the airport when the original train was proposed. Stop lying.
I agree with you. It is bizarre that they have any influence whatsoever, but they do, and they have been forcefully exerting it for decades.
Every other city in the country has figured out rail transportation. The FAA could have been pacified if there was any political will to find a real solution. Blaming the FAA because they rejected one design is pure bs.
GM most definitely ran a campaign through the '50s and '60s designed to increase the use of buses as a replacement for street cars. That's not anywhere close to debatable and LA was not the only city that went along with it.
And if you're going to continue to claim that corruption is not the driving force behind these decisions then I would love your explanation for BH doing everything in their power to prevent and delay a rail line because they didn't want homeless people to be have easy access to the area. It's all about money, not the common good. Nobody here is planning for anything other than their own pocketbook.
Also a frequent flier. It sucked before but the solution was 100% designed to benefit cab drivers. Moreover, it absolutely fucked up the entrance to the airport which went from long, but doable, to dozens of people missing their flights per-day bad.
I live in Playa Vista and had a 1.5 hour trip to LAX in November. I was this close to driving through there at 3am and stealing every one of their traffic cones.
@tom
No, it's not being built. The train that is currently under construction will connect the airport terminals to a cab stand and car rental station less than a mile from the airport because LA taxi drivers threw a shit fit when they suggested building a train into downtown and Santa Monica.
By the way, we're paying $4 billion for that. $4 billion to carry passengers less than a mile from the airport so they can then take a cab...
LA cab drivers are all unionized now and they had their entire hand stuck in this process. It was corruption as an art form.
The Los Angeles taxi union prevented (read: bribed and coerced) the state / city government from installing a train from LAX to DTLA because they were rolling in cash.
Then, they got pissed about Uber, and had a rule enacted that forced passengers to take a bus to an external lot which turned the world's worst airport congestion into a way worse situation.
It is not unrealistic to think that they are a driving force behind this situation as well. California is corrupt as fuck, from GM paying LA to take out way more efficient train lines so they could sell buses to Beverly Hills preventing LA from building a subway. It makes living here absolutely miserable.
It is illegal to provide investment advice and sell investment products without license for a reason. This young man is exactly that reason. People are stupid and they trust other stupid people.
I love options trading, but I used to work for an options exchange. I don't write uncovered positions because I can't afford the tail risk.
/r/wsb, on the other hand, loves tail risk, long or short. That subreddit needs to be shutdown by the SEC. It's serving as an investment advisor for a significant number of young people, whether it masquerades as satire or not.
I've seen this movie before. The title should really be:
"Twitter will allow employees to work from home until a hedge fund forces Jack Dorsey to step down as CEO and Marissa Meyers fires everyone who hasn't been coming into the office"
Adding in a little more nuance. Free cash flow to equity is discounted at the cost of equity. The cost of equity increases as future cash flows become riskier. However, costs of financial distress tend not to get baked into valuations unless they are obvious because they are not part of the normal valuation process.
This is why it might be possible that the stock market would not decline as much in 2020 / 2021 as it did in 2008 / 2009.
However, something seems fundamentally wrong with valuations at the moment, I cannot put my finger on it, and so I'm overweight fixed income until I'm more comfortable that things are going to turn around.
I graduated from high school 2010 and spent most of my time sneaking around my parents' back to find alcohol and get in a quicky with my girlfriend. I guess you could say it set me back, but I was never on the ivy track in the first place. I can confidently say that I have a wildy more successful career than our valedictorian and I work for our salutatorian's biggest competitor at the same career level.
I am not nearly as smart as either of those people, but if you have drive then you'll turn out just fine. Getting into Harvard is not the end all, and I wouldn't trade those years for anything.
I agree that grades are money, but burning out at Harvard will set you back more than 'only' getting into BC.
Yeah, you're right. I didn't think any sane person that's eligible for an SBA loan would be complaining about a 4% interest rate. Private unsecured small business loans run like 20%.
I'm not arguing the measurement of 1 mile versus 1.5 miles with you. You are nitpicking to confuse the argument and it doesn't change the point in the least.
I have lived in LA long enough to see proposal after proposal made, the taxis protest, and the proposals get canned. You can talk about lack of influence all you want, but they have gotten their way every time they made a statement for the last several decades by threatening to shutdown airport traffic. They are nothing but thugs.