Cries for more stimulus ring loudly in China because Chinese industrial output slowed to 6.9%. That is a number that any country in the world would be more than pleased with, but China's target is 7.5%. Why 7.5%? In fact, why should there be any targets at all? The economy is not a car that can be steered by bureaucrats to perfection. Nonetheless, Calls Grow for More Stimulus, as China August Factory Growth Slows to Near Six-Year Low.
The best conference panels, like the best blog posts, are the ones which change your mind. And while I haven’t done a U-turn on anything, after yesterday’s panel on smart cars I’m now thinking very differently about the relative merits of various ways of improving how we move around where we live and travel.
TORONTO — Canadian National Railway Co , which has seen a string of derailments recently, will spend $500 million to upgrade its feeder network in Western Canada to improve safety, the railway said on Thursday.
A Reuters investigation last month found that CN Rail’s safety record had deteriorated sharply in 2014, reversing years of improvements, as accidents blamed on poor track conditions spiked.
CN Rail said at the time it was “keenly aware” of the trend and blamed it, in part, on rising freight volumes especially in Western Canada.
The second explosive oil-train derailment this year, which has finally burned out in rural Alabama, may raise new questions about the safety of the crude-by-rail boom, pointing to problems beyond those that surfaced following the earlier tragedy in Quebec.