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Despite assurances from Amtrak's administrators that profitability is just around the corner, Amtrak remains a huge money loser. However, even given the long distances of some of the routes, Amtrak could still be profitable if its leadership is willing to make changes.
Original article: https://mises.org/mises-wire/subsidies-amtrak-and-siemens-pathway-cronyism-few
Plus: Canada’s Alimentation Couche-Tard has abandoned its $47 billion bid to buy Japanese 7-Eleven operator Seven & i. And United Airlines says it’s expecting a travel rebound in the second half of 2025 as it resets its profit guidance. Azhar Sukri hosts.
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A.M. Edition for July 17. The dollar rises on President Trump’s latest tariff threat to notify as many as 150 nations about unilateral levies. Plus, Canadian convenience store giant Alimentation Couche-Tard abandons a $47 billion bid to buy Japanese 7-Eleven operator Seven & i. And WSJ’s Eliot Brown says some Trump administration officials are holding up a landmark deal that would allow the United Arab Emirates to buy billions of dollars in Nvidia’s cutting-edge artificial-intelligence chips over national-security concerns. Azhar Sukri hosts.
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UK universities are internationally renowned, but their finances are in a mess. Our correspondent offers a lesson in how to fix them. Why an amateur football league is thriving in China. And what Superman tells us about American foreign policy. Listeners of “The Intelligence” get 15% off our business writing and storytelling course. Visit economist.com/writingcourse and use code INTELLIGENCE
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Marketplace's Meghan McCarty Carino speaks with Joseph Cox, a reporter at the tech news site 404 Media, about his recent reporting on how ICE is uses ISO ClaimSearch, among other databases, to find deportation targets.
Evan Henshaw-Plath, also known as Rabble, was born in Berkeley while his Mom was a student. His parents were hippies, and he grew up near Silicon Valley, which gave him access to work with startups as early as High School. He founded Odeo, which eventually became Twitter. He got the name Rabble cause it was founded by three Evan's, which didn't work - so he went with his online nickname. He has a cool track record of working not only on Twitter, but Flickr, Palm, and other big names. He lives in New Zealand, enjoying all the outdoor activities, and participates in activism in digital rights and environmentalism. Being a Vegetarian, he admits that his comfort food is Mexican cuisine, which he doesn't get a lot of in the land of the Kiwis.
Rabble was disappointed when Twitter shut down its open app capabilities. He wanted something like Twitter, but built to where someone couldn't take away his access. He started to dig into protocols, and eventually landed in San Francisco to tell his friends that he was going to make social media work like email and messaging.
This is the creation story of Rabble Labs & Verse.
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At least 20 Palestinians die in a stampede at a Gaza food distribution site, with conflicting accounts of what triggered the deadly panic. Meanwhile, President Trump shocks his own supporters by dismissing demands to release Jeffrey Epstein’s client list, calling it a “Democrat hoax.” The U.S. sends migrants from Jamaica and Cuba to Eswatini under new third-country deportation deals. California’s National Weather Service faces dangerous staffing cuts as wildfire season intensifies. San Francisco and San Jose emerge as national leaders in AI innovation, while Los Angeles ranks close behind. And downtown LA businesses call for help to recover from immigration raids, tariffs, and pandemic-related losses. Listen for these stories and more from LA Times Studios.
Alameda is the second most populous county in the Bay Area, after Santa Clara. Oakland is the biggest city, but the county stretches all the way out to Livermore in the east and Fremont in the south. It’s a big swath of land and about half of it is unincorporated, including two areas known as Cherryland and Ashland. Bay Curious listener Sam Hopkins wondered what it means for an area to be unincorporated and the history of these two communities.
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This story was reported by Brian Krans. Bay Curious is made by Katrina Schwartz, Gabriela Glueck and Christopher Beale. Additional support from Olivia Allen-Price, Jen Chien, Katie Sprenger, Maha Sanad, Ethan Toven-Lindsay and everyone on Team KQED.