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Ed Shaw's avatar

Hi Rei:

I really enjoy your work on transit and investing. I lived in Japan for a total of 15 years and LOVED the trains, buses, subways, monorails, etc. there. Re cost overruns in the U.S., another factor might be "set aside" regulations. Every public capital expenditure must set aside a certain percentage for minority (blacks, women, black women, etc.) companies. This adds to the cost of procurement.

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