Oct 28, 2012 at 7:37 am
As goes the power, so goes the internet, and the likelihood of an outage here in the DC area is high, so if there’s radio silence from OTE for a few days, that’s why.
Not to bring everything back to Keynesian economics, but the 10 year bond yield is 1.75%, the 10 year TIPs yield is negative, far too many workers of both blue and white collar are out of work, and millions of people in the Northeast are once again about to lose power because a) we’re about to have another one of those 100 year storms that seem to be coming about every six months, and b) our power lines are above ground.
People have often said to me that there are no more big, national infrastructure projects that need to be undertaken, like the railroads, the highway system, the electrical grid, the Hoover damn. Well, as we handed out the flashlights to the kids before bed tonight, this one came to mind: bury the damn power lines!
Thank you for joining the conversation. Comments are limited to 1,500 characters and are subject to approval and moderation. We reserve the right to remove comments that: