Moscow has signed an agreement with Los Angeles-based company Hyperloop One to explore building a fu

[ScienceRocks]

Moscow has signed an agreement with Los Angeles-based company Hyperloop One to explore building a futuristic, high-speed transportation system known as a Hyperloop in the Russian capital

Moscow has signed an agreement with Los Angeles-based company Hyperloop One to explore building a futuristic, high-speed transportation system known as a Hyperloop in the Russian capital.

A Hyperloop involves using magnets to levitate pods inside an airless tube, creating conditions in which the floating pods can shuttle people and cargo at speeds of up to 750 mph (1,200 kph).
“Hyperloop can improve life dramatically for the 16 million people in the greater Moscow area, cutting their commute to a fraction of what it is today,” Shervin Pishevar, co-founder of Hyperloop One, said in a press release.
“Our longer-term vision is to work with Russia to implement a transformative new Silk Road: a cargo Hyperloop that whisks freight containers from China toEurope in a day,” he said.
The Hyperloop One chief executive officer, Rob Lloyd, said it is unclear how much it will cost to build a Hyperloop in Moscow, and the system would not necessarily travel at its top speed in such a metropolitan area.
A memorandum of understanding was signed at the St Petersburg international economic forum by Hyperloop One, the city of Moscow and Russian firm The Summa Group, which invests in infrastructure projects.

The first real hyperloop could be in russia. America doesn't really lead anymore as its people hates investment and leading!

 

[ScienceRocks]

The Hyperloop may be heading to Moscow, thanks to a mysterious Russian billionaire

Vladimir Putin: "Hyperloop will fundamentally change the global economy". Russian president promised to support the Hyperloop One project in Russia

Hyperloop One, an LA-based startup working to realize Elon Musk's dream of 760-mph tube-based transportation, announced today that it struck a partnership with the city of Moscow thanks to the support of a mysterious Russian oligarch. The startup and the Summa Group, a Russian port and oil business owned by billionaire Ziyavudin Magomedov, says it has signed a Memorandum of Understanding (MOU) with Moscow to explore connecting the city's transportation grid to the Hyperloop. It's also further evidence that the first Hyperloop is likely to be built in a country other than the US.
The agreement was signed at the St. Petersburg International Economic Forum. It's Hyperloop One's first MOU with a foreign government, bringing it up to speed with its main rival, Hyperloop Transportation Technologies, which last March signed an agreement with the government of Slovakia. The startup now has feasibility studies underway in Finland and Sweden, The Netherlands, Switzerland, Dubai, the Port of Los Angeles, and the UK.

The announcement that Hyperloop One has found favor in Russia should come as no surprise to those who watch closely the Facebook page of co-founder Shervin Pishevar. On June 16th, Pishevar posted a photo from a meeting he attended with over a dozen wealthy Russian investors and President Vladimir Putin, whom Pishevar noted was particularly enamored with the Hyperloop. "Putin called on me as last word to talk and then responded," Pishevar wrote. "Spoke on Sherpa, Uber and Hyperloop One. Putin said Hyperloop will fundamentally change the global economy."

 

[Harry Dresden]

Moscow has signed an agreement with Los Angeles-based company Hyperloop One to explore building a futuristic, high-speed transportation system known as a Hyperloop in the Russian capital

Moscow has signed an agreement with Los Angeles-based company Hyperloop One to explore building a futuristic, high-speed transportation system known as a Hyperloop in the Russian capital.

A Hyperloop involves using magnets to levitate pods inside an airless tube, creating conditions in which the floating pods can shuttle people and cargo at speeds of up to 750 mph (1,200 kph).
“Hyperloop can improve life dramatically for the 16 million people in the greater Moscow area, cutting their commute to a fraction of what it is today,” Shervin Pishevar, co-founder of Hyperloop One, said in a press release.
“Our longer-term vision is to work with Russia to implement a transformative new Silk Road: a cargo Hyperloop that whisks freight containers from China toEurope in a day,” he said.
The Hyperloop One chief executive officer, Rob Lloyd, said it is unclear how much it will cost to build a Hyperloop in Moscow, and the system would not necessarily travel at its top speed in such a metropolitan area.
A memorandum of understanding was signed at the St Petersburg international economic forum by Hyperloop One, the city of Moscow and Russian firm The Summa Group, which invests in infrastructure projects.

The first real hyperloop could be in russia. America doesn't really lead anymore as its people hates investment and leading!

what are you this week matt,a republican or a democrat?....

 

[TooTall]

Moscow has signed an agreement with Los Angeles-based company Hyperloop One to explore building a futuristic, high-speed transportation system known as a Hyperloop in the Russian capital

Moscow has signed an agreement with Los Angeles-based company Hyperloop One to explore building a futuristic, high-speed transportation system known as a Hyperloop in the Russian capital.

A Hyperloop involves using magnets to levitate pods inside an airless tube, creating conditions in which the floating pods can shuttle people and cargo at speeds of up to 750 mph (1,200 kph).
“Hyperloop can improve life dramatically for the 16 million people in the greater Moscow area, cutting their commute to a fraction of what it is today,” Shervin Pishevar, co-founder of Hyperloop One, said in a press release.
“Our longer-term vision is to work with Russia to implement a transformative new Silk Road: a cargo Hyperloop that whisks freight containers from China toEurope in a day,” he said.
The Hyperloop One chief executive officer, Rob Lloyd, said it is unclear how much it will cost to build a Hyperloop in Moscow, and the system would not necessarily travel at its top speed in such a metropolitan area.
A memorandum of understanding was signed at the St Petersburg international economic forum by Hyperloop One, the city of Moscow and Russian firm The Summa Group, which invests in infrastructure projects.

The first real hyperloop could be in russia. America doesn't really lead anymore as its people hates investment and leading!

Is Russia $20,000,000,000,000 in debt?

 

[Old Rocks]

When we built the Interstate Highway System, we were still in vast debt from WW2. Yet, we went ahead and built that system. And it paid off handsomely for all of us. Investing in our nation is a lot different than blowing trillions of dollars on oversea adventures that have only given us grief.

 

[TooTall]

When we built the Interstate Highway System, we were still in vast debt from WW2. Yet, we went ahead and built that system. And it paid off handsomely for all of us. Investing in our nation is a lot different than blowing trillions of dollars on oversea adventures that have only given us grief.

Here is a bit of history for you.

"Did construction of the Interstate System contribute to the national debt?

President Eisenhower insisted that the financing mechanism for the Interstate System be "self-liquidating," so that it could not add to the national debt. The president favored a toll highway network financed by bonds, but his aides convinced him that traffic volumes would not generate enough revenue in most corridors to repay bondholders with interest. Therefore, the plan the President submitted to Congress called for establishment of a Federal Highway Corporation to issue bonds to pay for the Interstate System up-front, with the Federal excise tax on gasoline and lubricating oil (which then went to the general Treasury without a linkage to highways) was dedicated to bond retirement. Congress rejected this plan, but adopted a proposal to finance the Interstate System on a pay-as-you-go basis with revenue from highway user taxes. The revenue was credited by the Department of the Treasury to the Highway Trust Fund established under the Federal-Aid Highway Act of 1956.

The Interstate Construction Program, like the Federal-aid highway program of which it is a part, operates on a reimbursement basis. After FHWA authorizes a State to proceed with a project, the State pays the bills for eligible activities, and then submits bills to the FHWA, which reimburses the State for the Federal share. The FHWA makes a commitment (or "obligation") to reimburse the Federal share, but Interstate development takes several years. As a result, the FHWA obligation results in reimbursements to the State for the Federal share over several years. The 1956 Act included a provision named after Senator Harry Flood Byrd (D-VA), the Chairman of the Senate Finance Committee, to ensure the Highway Trust Fund would contain enough money to pay the bills. If sufficient funds are not available, the program must be reduced administratively in proportion to the imbalance.

The Highway Trust Fund financing mechanism established in the 1956 Act satisfied President Eisenhower's "self-liquidating" demand. As a result, construction of the Interstate System did not contribute to a Federal deficit."