Bonds

Speigel Online reports that wind turbines are proving to be prone to breakdowns and accidents. In Europe, the wind business is booming, but growing concern about safety could put a crimp in the growing industry.

Facing possible dissolution, redevelopment agencies in California have gone on a bond-spree in the early months of 2011.

Too much, too fast, is the analysis from The Transport Politic. Based on a voter-approved, Nov, 2003 plan funded by a one-cent sales tax, the transit plus HOV/HOT conversion plan has run into funding problems. This article focuses on LRT expansion.

The credit crisis has caused soaring interest rates on municipal bonds, causing cities to look for other ways to fund projects. Nevertheless, numerous projects have been put on hold or face cancellation.

Rapidly approaching a ballot deadline, CA Gov. Schwarzenegger caved in his pledge to veto any bills sent to him prior to receiving a budget by signing a bill that modernizes the 2002 high speed rail bond. Prop 1A will now appear on the Nov. ballot.