A state-appointed panel said Tuesday that California's plan to build a high-speed rail system in the state is not financially feasible and should be placed on hold.It's not time for a "Hallelujah!" yet, but we're getting closer.
The report by the California High-Speed Rail Peer Review Group said the state should not authorize $2.7 billion in bonds to build the initial section of the system.
Update, 1/13/12: Closer still:
The CEO of a California High-Speed Rail Authority (CHSRA) that is now described as "embattled" even by the establishment media has announced his resignation less than two years after taking office.It's not dead yet, but I hope we're in the twitching stage.