One reason you might support the highway tax proposal on Nov. 8

Debbie Pelley sends a somewhat lengthy email to statewide network opposing the proposal that would keep up our interstate highways. I was on the fence, but after this mildly paranoid observation from Secure Arkansas – the anti-immigration people, I am teetering on the edge!

Washington County Tea Party, Pulaski County Tea Party, The River Valley Tea Party, Boone County Tea Party, Little River Patriots, Americans for Constitutional Government, Northeast Arkansas Tea Party and the Miller County Patriots. By the time you read this, we may have added more.

Not every group that calls itself “Tea Party” or a “Patriot Group” is serious about limited government and preserving the freedoms of our fellow citizens. As a group that definitely is serious, Secure Arkansas values the cooperation of other groups who are also serious about these issues.

OK, I am a definite “yes,” but I will be on the lookout for those backsliding, closet liberal, Tea Partying wannabes.

Press Release | U.S. Department of Transportation announces $928 million in grants for transit

Press Release | U.S. Department of Transportation.

There is a link for a pdf file that has a state-by-state analysis. Arkansas has two items. We are highly supportive. CATA got $1 million for “maintenance building conversion to compressed natural gas,” and NWA gets $200k for “north-south corridor transportation alternative analysis.”

Monday, October 17, 2011

Federal funds will create jobs nationwide by strengthening transit choices while improving safety and reliability

DETROIT – U.S. Transportation Secretary Ray LaHood today announced that transit providers across the nation will receive a share of $928.5 million in federal funds for more than 300 public transportation projects in urban, suburban, and rural areas.  The money will put people to work renovating and building much needed transit facilities, manufacturing new clean-fuel buses, and helping communities plan responsibly for their future transit needs. He was joined in making the announcement by Federal Transit Administrator Peter Rogoff.

“Investing in America’s transit systems, rails, roads, ports, and airports will generate tens of thousands of construction-related jobs and put more money in the pockets of working Americans,” said Secretary Ray LaHood. “But we must do more. Congress needs to pass the American Jobs Act so we can continue to invest in critically needed projects like these, to repair and rebuild our nation’s transportation system.”

The grants announced today, made available through the Federal Transit Administration’s fiscal year 2011 Alternatives Analysis, Bus Livability, and State of Good Repair Programs, will go toward replacing or refurbishing aging buses, building or improving bus terminals, garages, and other transit facilities, installing bus-related equipment, and conducting studies to help communities select the best transit options to meet future transportation needs.

“These grant funds will make sure that bus service in our communities remains reliable and desirable while putting thousands of Americans to work at the same time,” said Administrator Rogoff.  “By passing the American Jobs Act, Congress can accelerate these efforts and give the American people the opportunity to keep more of their paycheck in their wallet rather than hand it over at the gas pump.”

The grant selection process was highly competitive, and FTA reviewed 839 project applications representing $4.9 billion in funding requests from transit providers across the country for the Fiscal Year 2011 discretionary grants.    Examples of major projects receiving federal funds include:

  • The Southeast Michigan Council of Governments will receive $2 million to study a possible second phase of the planned Woodward Avenue corridor transit project in Detroit and the best mode of transit to pursue. The first phase, a light rail line still in the early planning stages, would end just south of Eight Mile Road. The second phase may one day provide additional transit solutions another 7.5 miles to Maple Road (Fifteen Mile Road). 

 

  • Central Puget Sound Regional Transit Authority (Sound Transit) will receive $5.4 million to replace buses in its Seattle-area fleet that are beyond their useful lives with hybrid-diesel buses.
  • The Southeastern Pennsylvania Transportation Authority will receive $5 million to restore Philadelphia’s historic 33rd Street and Dauphin Street bus facility, a 110-year-old facility that is in a state of disrepair.

 

The full list of selected projects can be found at http://fta.dot.gov/grants/13094.html
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Arkansas Settles With Morgan Keegan on Risky Bond Funds – ArkansasBusiness.com

Arkansas Settles With Morgan Keegan on Risky Bond Funds – ArkansasBusiness.com.

Just in case some of you guys and gals need further background on why there is an Occupy Wall Street, read the above linked story. You will learn, in part:

Morgan Keegan & Co. is a subsidiary of Regions Financial Corp. of Birmingham, Ala. The bond funds in question were peddled to investors in 2007, and investors were not informed that the funds were invested in riskier “tranches” of mortgage-backed securities.

In fact, according to the consent order with the ASD, some brokers with Morgan Keegan and its Morgan Asset Management division characterized the funds declining prices as “a buying opportunity” and actively discouraged investors from selling.

It was the rampant LYING that caused the housing market to collapse. The sellers of the worthless securities got rich doing it. The investors were DELIBERATELY MISLED.

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