High-speed rail still on wrong track

There are personnel and funding developments affecting the California high-speed rail project, but the plan’s outlook continues to be bleak — particularly for taxpayers.
First came the news on Thursday that State Treasurer John Chiang’s office sold $1.2 billion in bonds for the project, the first bonds issued from the funding authorized by Proposition 1A, by which voters narrowly approved the project in 2008. Under Proposition 1A, the state may issue $9 billion for the high-spe