A Trip on the Light Rail

One may embark on a delightful rail ride through the heart of Tempe and Phoenix, Arizona by taking advantage of the newly opened Light Rail System. The twenty mile trip from end to end takes approximately 60 minutes. There are 26 stations along the way with a train departing roughly every ten minutes during peak hours and every twenty minutes during off-peak hours. Each car holds over 200 travelers. The fare is currently $1.50 one-way and $2.50 for all day. Eight Park and Ride locations have parking for 3,324 vehicles.

The journey begins on the western edge of Mesa at Main and Sycamore Streets, just one block from Dobson Road. The rail proceeds west, transitioning from Mesa to Tempe along what was once, in the pre-freeway days, a major route carrying traffic through Central Arizona from California to points East. Many remnants of that bygone era remain in the form of run-down motor cottages, abandoned gas stations and cheap eateries. The hope and dream is that the presence of the light rail will foster a renaissance for the area.

Soon the scenery changes to reflect the approaching Arizona State University Campus. One is struck by the number of fast food restaurants, ethnic cafes and apartment buildings existing on the outskirts of the campus itself. As the train makes an easy turn onto Rural Road, the vastness of the campus becomes apparent as several major buildings come into view. The railway passes next to Wells Fargo Arena and Sun Devil Stadium which will make the railway a convenient and festive method of transportation for attending athletic events at ASU.

The next stop is at Third Street on Mill Avenue in downtown Tempe providing a gateway to myriad restaurants, bars and shops as well as a burgeoning residential population. From the Third Street station, the light rail proceeds across Tempe Town Lake offering spectacular views of the lake, the downtown skylines of both Tempe and Phoenix and of the Papago Buttes nearby.

After departing Tempe, the track heads west toward downtown Phoenix along Washington Street making a stop to connect with shuttle buses serving Sky Harbor Airport allowing air travelers to avoid the necessity of parking at the airport. The train then moves into downtown Phoenix with stops near Chase Field, US Airways Arena and the Phoenix Civic Center making access to these major venues extremely convenient. The rail also will provide transportation to the central city for hundreds of daily commuters who work in the downtown area and for students attending the Downtown Campus of Arizona State University.

When the railway reaches Third Avenue in downtown Phoenix, it turns to the north and runs four miles to Camelback Road serving the transportation needs of a large number of commuters who work in the high-rise office buildings along Central Avenue three blocks to the east. It turns west on Camelback to 19th Avenue and then north to Bethany Home Road ending in the vicinity of Christown Spectrum Mall which features a variety of dining, shopping and entertainment facilities.

The light rail system serving Phoenix and its Eastern sister cities of Tempe and Mesa, is more than a novelty or a way for rowdy sports fans to attend their favorite games. It is confirmation that Phoenix has arrived as a true metropolitan area offering the best and most modern transportation available and is ready for the future which promises more rapid growth and development demanding modern transportation modalities.

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What Will Happen to Ahwatukee Bus Service?

Transportation makes our lives easier. The different modes of transportation from way back then to the present provide an insight on how far our technology and lifestyle have gone. The mode of transportation has also become a major dictator for one’s status and the person’s place in the society.

One of the most dominantly-used means of transportation is the bus. However today, there are issues regarding buses, such as the buses in Ahwatukee that needs to be resolved.

The issue has been taken into the hands of the council who will soon decide the fates of the different bus services in the area. The Phoenix City Council are in deep thought regarding the matter, and are contemplating if one of the bus services, the Ahwatukee Local Explorer of ALEX should still be existent in the place.

Phoenix claims that ALEX and so are the other four bus services in the city are indulgence they cannot afford. So on Tuesday, the council is said to reach its verdict. Sal DiCiccio said that people are having difficulties getting to a City Council meeting who ride ALEX. But she urges that people should still speak regarding to the service they prefer. In order to do this, DiCiccio provides a hotline number and an email address which the people may contact in order for them to be heard.

To further add the dismay, the allocated $9.2 million in the state Lottery Assistance Funds will not be released due to the present crisis the country in experiencing right now.

Ahwatukee is billed $700,000 yearly for the free bus services roaming the area. On March 25, it was suggested that $6 million be chopped off the circulator program which gives free rides around Ahwatukee and other areas.

The bus service has become useful in running errands and in getting to school and other areas so they transfer in larger buses. DiCiccio was however saddened with the idea of getting the small bus units off the hook without prior consultation to the community. Each are now thinking of ways to make both ends meet without compromising the bus services.

Suggestions were already made by several individuals and groups. One is to cut $350, 000 from the budget and alter the waiting time of buses. Instead of the usual 40 minutes, it will be changed to one hour. The routes were also decided to be changed during the weekends, skipping some areas and replace them with buses more affordable than the ALEX buses.

There has also discussion on charging fares but the thought was quickly eliminated if there will be fare boxes installed in buses. DiCiccio contends that they are doing everything they can, but in the end of the day, a decision of eliminating the circulators has been reached.

The fiscal crisis is here and Ahwatukee is no exception. While it may be understandable to cut off some of the expenses, the bus service is still a matter of prime importance. If you search for Ahwatukee homes for sale, you could perhaps check out if the bus service is good in your area. The Ahwatukee real estate must do its best to give the best services possible, including bus service roaming their areas.

Bicycle Safety to Help Prevent Injury

A lot of people in Arizona enjoy riding their bicycles and it is especially important that bicycle riders take extra measures to keep safe. There have been many fatal bicycle accidents already this year. Even professional bicyclists must be careful when riding. So for all you professional riders, parents who go out for bike rides, and especially for young children, please take all the precautions necessary to avoid being hit and seriously injured.

Although a bicyclist may not be able to prevent a driver from hitting them, they can take measures to protect themselves more by following the following safety tips.

Wear a Helmet
Everyone knows that a helmet can protect someone from suffering serious brain injury in some instances, yet many people do not wear them. It is not only important that you wear a helmet; but that you also make sure that it fits you properly. Many people do not know how to wear a helmet properly and they must be worn properly to ensure the most protection.

You may want to check with your local bike shop to make sure that you are wearing the correct size helmet and that the helmet is properly being fastened to your head. For those under 18, wearing a helmet is required by law. Those over 18 should still wear a helmet for added protection.

Brain injuries are most often caused by bicyclists who were not wearing a helmet. In Arizona, even though wearing a helmet for those over 18 is not required, the insurance company or adjuster can still blame the extent of brain injury on the bicyclists for choosing not to wear a helmet. All bicyclist riders, whether professional or not, whether adult or child, should all protect themselves and wear a helmet.

Now, as a side note, some people also mistakenly believe that helmets will protect them from serious head injury or brain trauma in all cases. This is not true in all instances. So many different factors come into play in determining the effectiveness of a helmet, whole courses can be taught on the subject. Still, a helmet will help prevent serious injury in some cases, and that alone makes its use worthwhile.

Use Reflectors on your Bike
Many car accidents with bicyclists happen because the automobile driver does not see the bicyclist. It is important to make sure that there are adequate reflectors on your bike. One reflector is not enough. Also, make sure that the reflector is giving off adequate light; otherwise, the driver of the automobile will still not be able to see you. In addition to a reflector, there are also headlights and taillights for bicycles that can give off ample light so that automobile drivers can see you.

Choose Your Clothing Carefully
When riding your bicycle, it is best to wear light colors. Wearing lighter clothing is more likely to make a bicyclist visible to the car driver. Also, it is very important that those riding a bicycle wear reflective clothing. It is not enough to rely on the reflectors on the bicycle; bicyclists should still wear reflective clothing to ensure adequate protection from getting hit by an automobile.

Many car accidents are caused by the automobile driver not seeing the bicyclist because the bicyclist did not have on any reflective clothing and could not be seen. This does not excuse the driver; it is just an added protection that bicyclists can use to protect themselves.

Use Hand Signals
One of the ways bicyclists can protect themselves is to use hand signals. Automobile drivers sometimes are not able to respond to a sudden movement by a bicycle rider, which often causes a collision. The longer warning of turning a bicyclist can give to an automobile driver, the more time the driver has to react.

Perform Regular Maintenance Checks
In Arizona, we are lucky enough that we can use our bicycles all year round. However, it is still important to make sure that your bike is always in good working condition.

Make sure to check the brakes and that they are working correctly. Many times the tires will need to be inflated. It is important to check the air in your tires on a regular basis. We recommend having a horn or bell on your bicycle as well. It is vital to perform regular maintenance checks on all aspects of your bicycle.

Be Aware of Cars
Bicyclists should watch out for automobiles to prevent injury. It is vital that as a bicyclist, you make sure that vehicles see you and know where you are going. Make sure to stay out of the blind spot of vehicles, especially trucks, SUVS and buses. Many collisions with bicyclists occur because the driver of the automobile, truck, SUV or bus could not see the bicyclist because they were in their blind spot.

Mesa, Arizona Housing Market

Mesa is a suburban city in Arizona and is the third largest one in the United States of America. It is a city located in Maricopa County and frequently flaunts its name amongst the well-known cities of Arizona.

There are approximately 147,210 households and 34% of them are children who live with their parents. Around 10% of the population is 65 years old or older. Thus, there is a very heterogeneous demographic behavior in the city. The “Marlborough Mesa” has won a community award. Homes in Mesa, Arizona for sale are mainly found in communities like Estate Grove Valencia Est, Red Mountain Ranch, United Amigos, and Fountain of the Sun.

Among these neighborhoods the highest average listing price is $950,855 and goes down to as low as $72,120. The highest average listing price has recently crept down 0.7%.

There are around 129 district schools and that clearly show the quality of the educational infrastructure. Mesa, Arizona has an average price of $195 per square foot, which was an increase of about 83% compared to the price per square foot at the same time last year.

Other than Mesa new homes for sale in Arizona, presently 5698 pre-foreclosure houses, bank-owned stages or auctions and 2825 resale homes are available for the interested buyers in this area. The median sales prices for Mesa have gone down by 16.5% or $132,000 according to the latest updates.

Amenities and entertainment centers of the city are quite attractive when compared to the other areas of Arizona. The transportation network in the city is quite well developed. Freeways like Superstition Freeway, buses and Metro rails make commuting very convenient.

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Personal Injury Attorney – What’s the Difference?

Although there is no distinction concerning kinds of law which can be practiced in the USA, there are in point of fact specific areas of expertise in which an attorney will offer his or her services. When looking for legal counsel, it is best to seek advice from an attorney dedicated to the specific area you need.

Types of Attorneys
A few of the various kinds of law firms and attorneys include real estate, family, personal injury, small business, malpractice, insurance, employment, criminal, and wrongful death. Keep in mind that there will be variations among states.

A general practice lawyer is typically a full service attorney that deals with cases spanning a wide array of areas such as business transactions, family and estate planning and the like.

Personal Injury Attorneys
Personal injury attorneys handle a range of legal situations that arise from vehicular crashes involving automobiles, trains, watercraft, airplanes, helicopters, motorcycles, buses, and commercial trucks. Additionally they take care of work injuries, slip & fall occurrences, product liability, nursing home incidents, incorrect prescriptions, and wrongful death.

The group of injuries that may be covered comprise an extensive list that includes brain injury, back and neck injuries, burns, certain birth defects, spinal cord injuries, and paralysis.

The term litigation merely means a lawsuit. Consequently any attorney who’ll file a lawsuit and follow it right through to trial is actually a litigator. With regards to types of lawyers, the important split is between those that deal with civil cases and those that accept criminal cases.

Get an Experienced Trial Attorney
When an attorney states he’s a litigator, that indicates that he or she is able to take a lawsuit through the court trial process. If you have a personal injury case, not only should you make sure that your attorney is well versed in personal injury cases, it’s also very important that the attorney is willing to take your case all the way to trial and is experienced and successful in doing so.

If you need a personal injury attorney in the Phoenix metro area, call the Millea Law Firm at 602-248-9107. Because they believe insurance companies will not pay top dollar unless they are certain that all parties are ready and willing to commit the time and money to take the case to trial, all cases that are accepted are prepared for trial.

The Enduring Concept of the Limousine

In today’s world the thought of limousines usually conjures up the images of stretched vehicles like a Lincoln Town Car or modified Hummers and as a symbol of conspicuous consumption. Yet the concept of the limousine is not a new one. In fact the source behind a limousine is quite ancient and can go all the way back in time to the idea of an escort of the of the royal and later evolve into the transportation of the wealthy and famous. Understanding the progression of the concept behind the limousine will help describe its enduring presence throughout history.

The earliest form of a limousine is the “litter”, a wheel-less, human-powered mode of transport either in the form of an open seat or a small enclosed lifted room with curtains. Other early forms include the “chariot”, a light two-wheeled and two person horse-drawn vehicle and the 4 wheeled carriage. In antiquity the Egyptian Pharaohs would be carried on a large litter in processions through the masses for special occasions and also have a royal chariot. The Chinese emperors employed a similar system while smaller litters and types of carriages were used by the masses, especially for brides. The ancient Roman Imperial family also used a litter called a “lectica” or “sella” and also early sprung carriages. Other cultures from India, Japan, and Korea would each use a form of litter known respectively as the “palanquin”, “kago” and “gama”. Western culture also used the “sella” and had the “sedan chair” which were prominent and used by kings but were later adapted for public use and remained popular until the rise of the “rickshaw” in the 19th century.

The “rickshaw” is an evolution of the litter to include two wheels while remaining human-powered. They were first seen in Japan they soon spread to the entire world and still exist in some form or another though usually as bicycle and auto rickshaws.

An interesting intermediary step between rickshaws and automobiles is the carriage a 4 wheeled vehicle usually horse powered that were especially designed for private passenger use. While structurally similar to their contemporary wagons and carts, these carriages were symbols of elegance, wealth, stature the most luxurious being gilded with gold.

The rise of the automobile in the late 19th and early 20th centuries would come to replace the carriages and most forms of human-powered transportation. This would lead to the limousine, which is defined as a luxury vehicle with a lengthened or “stretched” chassis that are always driven by a chauffeurs, a professional driver. Limousines, also known as limos, today have progressed from being “big band buses” to the exotic and novelty vehicles used not only by high-ranking government or corporate individuals but also by the less wealthy for special events such as weddings or proms. The word “limousine” is derived from etymologies of the French region of Limousin to the similar appearance the compartment cover separating the chauffeurs and passengers had to the cloak hood used by shepherds in the area.

Modern limousines are always at the cutting edge of technology and are notably different from their predecessors. Among the comforts of modern limousines are complimentary In-Car Wi-Fi, GPS Navigation, Vehicle Tracking Systems, XM Satellite Radio and vehicle amenities such as bottled water with newspapers and/or magazines. If that isn’t enough most companies have custom services which are available upon request to meet unique individual preferences.

While the limousine today is the representation of wealth and status, the idea and concept behind it has been around for most of human civilization. Luckily today they are much less exclusive yet remain equally if not more excessive. We can safely say that limousines will continue to exist in one form or another.

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Don’t Be Haunted By a Commercial DUI

Because large commercial vehicles such as semi-trucks, buses, and delivery vans are so big, they can create a substantial amount of damage and injuries if they are involved in a traffic collision. For this reason, it is unlawful for a commercial truck driver to operate a commercial vehicle with a blood alcohol concentration of.04% or greater.

If a commercial truck driver is convicted of DUI, they have a lot to lose; namely their job, thus their livelihood. In today’s crippling economic times, people cling on to their jobs because if they lose them, they could be unemployed for a long time. While a normal person might be able to take a bus to work or hitch a ride, a commercial driver cannot.

If a commercial driver is caught drinking and driving with a BAC of.04%, they will be charged with a Class 1 misdemeanor under Arizona law. If they are caught driving their personal vehicle with a BAC of.08% or greater, they can still lose their driving privileges and their ability to earn income for one year.

With a DUI conviction, a commercial license holder will face the minimum penalties: driver’s license revocation for one year, monetary fines, and 8 points against their driving record and up to five years probation.

Refusal to submit to a blood alcohol test will result in an automatic one year suspension of your CDL license (even if you beat your charges) and a second refusal will permanently revoke your CDL license.

As you can see, as a commercial truck driver you have a lot to lose if you are eventually convicted of DUI. The commercial trucking business is big business and it’s a strong industry to be in when the economy is hurting elsewhere. You don’t want to risk losing your job or future employment opportunities because of a DUI conviction on your driving record, not to mention a permanent mark on your criminal record.

The best thing for you to do if you are facing a commercial DUI conviction is contact a skilled defense attorney right away. There’s probably nothing more sacred than your active CDL license, and you don’t want to take a passive approach by doing nothing to fight your charges. There are a number of defenses to DUI that have held up in court. Only a knowledgeable DUI lawyer will know how to employ those tactics in your DUI case. Don’t hesitate to contact a DUI defense attorney who can help preserve your CDL license!

The Wallin Law Group takes aggressive measures to protect those individuals facing DUI charges in Phoenix. They understand how a momentary slip up can wreak havoc on your personal and professional life. When they take on DUI cases, they pull their highly effective tools out of their arsenal and put them to good use in a strong defense. They don’t like to lose; therefore, they will work hard to protect your driver’s license and your freedom. If you were arrested for DUI, contact a Phoenix DUI lawyer [http://www.phoenixazduidefenselaw.com/] from their firm by calling toll-free at (888) 612-3943 for a free initial consultation.

Grand Canyon Bus Tours During America’s Birthday

Are you going to the Grand Canyon over the Fourth of July? If you are, you should definitely consider a bus tour while you are there, but the seats sell out early, so get your tickets now.

Tours leave every morning from Phoenix and Las Vegas, and they’re running on their regular schedules for the July 4th holiday. It doesn’t matter which city you start from, you are sure to have a fun-filled day of adventure.

Phoenix Departures

Travelers coming from Arizona’s Valley of the Sun (Phoenix and the surrounding area) will visit the South Rim. If you are in Phoenix but really want to see the West Rim, you will have to drive yourself because the only bus tours that go there depart from Las Vegas.

Most South Rim bus tours make a stop at Sedona, known for its juniper pines and beautiful red-rock buttes. After Sedona, you will enjoy natural scenery on the way to the National Park. When you get to the Grand Canyon, you will have about three hours to explore the area. You will meet up with your group again in Grand Canyon Village at Bright Angel Lodge where you can enjoy a fantastic meal or snack.

Las Vegas Bus Tours To The Grand Canyon

If you begin your trip from Vegas, you have the best of both worlds because you can choose to go to the West Rim or the South Rim. Both rims are spectacular, but the South Rim is noted for its scenic beauty while the West Rim is known for its adventure activities.

Both tour options include seeing the immense Hoover Dam and scenic Lake Mead. The drive to the South Rim takes 5 hours (it’s 270 miles from Vegas), the West Rim is much closer (120 miles) and the trip there takes about 2 hours.

When you go to the West Rim, you can choose a basic bus tour or one that has other adventures added on. The basic tour drives straight to the rim. Once there, you are given three hours to do whatever you want on foot.

While the basic bus tour is definitely worth doing, you can make it better by booking a combo or deluxe package. My personal favorite (and the most popular package at this rim) is the one that includes a chopper landing on the bottom, a float trip down the Colorado, and VIP access to the fabulous Grand Canyon Skywalk. That is a great way to spend a holiday at the Grand Canyon!

Of course, you will have great fun if you decide to go to the South Rim instead. You will have about three hours to spend at the Park where you can explore on foot and see points of interest like the Grand Canyon Village.

Get Your Seats Early

The July 4th holiday is one of the Park’s busiest times of the year. That is why it is so important to get your seats early. Book your seats at least a week in advance if at all possible.

Even though July 4th is a holiday and busy time for the Park, you can still get good deals on your seats. Just get your tickets online from the tour operator’s website, remember to avoid other online sites like Expedia, Viator, or Priceline because they charge more. You must complete your purchase on the tour operator’s website in order to get the low Internet rate.

Wrapping Up

The weather at the Park is always beautiful in early July, and the views are terrific. It is probably going to be busy with summer travelers so book your bus tour as early as you can. Keep in mind the tour buses run on a usual schedule on the holiday. People coming from Phoenix will do the South Rim, while Vegas-based travelers can choose between the South and West Rims. Don’t forget to buy your bus tickets online so you can use the Internet discount and save a lot of money!

7 Benefits of Hiring A Party Bus

Riding in a Party bus is not only fun but it also adds a touch of sophistication to your lifestyle. You can enjoy with your friends by travelling into the city or hopping into local clubs. Party buses are the perfect solution for the ultimate fun. Here are some of the benefits of renting a party bus which can definitely make you choose these while you plan your next special event.

Impress your Friends
Arriving in a party bus is definitely going to make all eyes fixed on you. And, who wouldn’t be impressed to see their friends riding around town in luxurious party buses. Do not think twice and ride around to go your special event in style and fashion.

Spacious
Party buses can are spacious enough to hold up to 40 passengers. As party buses come in different sizes, seating capacities vary. You can bring your entire crowd and travel together in style and comfort, making a dramatic entrance and exit from the event venue.

No DUI
The best part of hiring a party bus service is you can drink and party with your friends without having to worry about driving. You don’t need a designated driver when you hop aboard the party bus as there are professional chauffeurs to provide you a safe and fun ride.

City Tour
Chauffeurs know every road tracks and know the city very well. You can enjoy night life without tracking down addresses or following road directions. You can simply sit back and enjoy your city tour as your chauffeur does the driving.

Cost-effective
You can have a safe transportation as well as ample entertainment when you are on board. Moreover, it doesn’t cost you a fortune to experience this. If you happen to travel in a group of friends and divide the rates, the cost is even more affordable.

On board Amenities
Most Party buses are equipped with leather seats, 3D stereo sound system, custom bar, LCD plasma TVs and many more. These buses also allow you to bring alcoholic beverages, food and your own entertainment. This means you can turn the party into whatever you want it to be. It provides so much fun that you may never want to stop the ride!

VIP Service
Forget about waiting in line to get into the hottest clubs in the town. With your chauffeurs to lead the way, you will move to the front of the line every time. They also provide VIP entry to the club without even a pass. Now how cool is that!

Travel in a party bus for your special event with your large groups and small ones. You can choose Phoenix party bus services next time when your special event comes up. Riding around town has never looked better!

Out of the Ashes of GM – The Phoenix of Renewable Energy

It may be prophetic that among the brands GM chose to kill was the Pontiac Firebird, a classic hot car of the 1960s sporting the fabled Phoenix on its hood. In Egyptian mythology, the Phoenix was a colorful bird that incinerated itself in its nest, then rose from the ashes as its own offspring. GM too, says Michael Moore, could be reborn as something else. In a June 1 eulogy in the Huffington Post, he wrote:

“So here we are at the deathbed of General Motors. The company’s body not yet cold, and I find myself filled with — dare I say it — joy. It is not the joy of revenge against a corporation that ruined my hometown . . . Nor do I, obviously, claim any joy in knowing that 21,000 more GM workers will be told that they, too, are without a job. But you and I and the rest of America now own a car company!”

What would we want with a car company? Moore suggests that the bankrupt mega-builder of obsolete gas guzzlers can be transformed into a mega-builder of something we need more — mass transit vehicles and alternative energy devices, including bullet trains, light rail mass transit lines, energy efficient clean buses, hybrid or all-electric cars and batteries, windmills, solar panels, and other alternative energy devices. The factories that built the cars that helped destroy the environment can become the tools for cleaning it up. This would, of course, take some investment; but Moore suggests that to pay for it all, the government could impose a two-dollar tax on every gallon of gasoline.

It sounds good right up to the gas tax, a regressive tax that would hit hardest in the wallets of the poor and would raise alarm bells for politicians, the oil lobby and voters. Isn’t there some way to fund the plan without driving up the tax burden or the national debt? In fact, there is . . . .

TO PUT OUR NEW CAR COMPANY TO GOOD USE, WE JUST NEED TO OWN A BANK.

The federal government could create its own credit with its own government-owned lending facility, on the model of the Reconstruction Finance Corporation used by President Roosevelt to fund the New Deal; but instead of merely recycling borrowed money as Roosevelt did, the new facility could actually create credit on its books. Its capital base could be leveraged into many times that sum in loans, in the same way that private banks routinely create money (or “credit”) today. Assuming a reserve requirement of 10%, if the $300 billion or so that remains of the TARP money were deposited in the new bank, this money could be leveraged into $3 trillion in loans. If the money were counted as capital, at an 8% capital requirement it could become $3.75 trillion in loans, or 12.5 times the original sum.

Indeed, it is the sovereign right of governments to create the national money supply, but few governments exercise that right today. The only money the U.S. government now issues are coins, which compose only about one ten-thousandth of the U.S. money supply (M3). The rest is created by private banking institutions when they make loans. This includes the privately-owned Federal Reserve, which creates Federal Reserve Notes (dollar bills) and lends them to the government and to commercial banks. Federal Reserve Notes compose only 3% of the money supply. All of the rest consists merely of credit created on the books of private banks.

Many authorities have attested that banks simply create the money they lend as accounting entries on their books. The Federal Reserve Bank of Dallas states on its website:

“Banks actually create money when they lend it. Here’s how it works: Most of a bank’s loans are made to its own customers and are deposited in their checking accounts. Because the loan becomes a new deposit, just like a paycheck does, the bank . . . holds a small percentage of that new amount in reserve and again lends the remainder to someone else, repeating the money-creation process many times.”

This was confirmed recently by President Obama himself. In a recent speech at Georgetown University on April 14, he said:

“[A]lthough there are a lot of Americans who understandably think that government money would be better spent going directly to families and businesses instead of banks – ‘where’s our bailout?,’ they ask – the truth is that a dollar of capital in a bank can actually result in eight or ten dollars of loans to families and businesses, a multiplier effect that can ultimately lead to a faster pace of economic growth.”

The money generated by banks through the multiplier effect comes at a heavy cost in interest. One advantage of a government-owned bank is that it could fund public projects interest-free or nearly interest-free, cutting production costs dramatically. Interest comprises as much as 77% of the cost of goods and services requiring large amounts of capital, such as public housing. The cost of interest is lower for labor-based services such as garbage collection, for which it makes up only about 12% of the cost. Averaging them all together, the overall cost of interest has been estimated to be about half the cost of everything we buy. If money for infrastructure development were issued interest-free, projects currently considered unsustainable because of the burden of interest could become not only self-sustaining but actually profitable for the government.

In March of this year, Congressman Chris Van Hollen introduced a bill to establish a Green Bank aimed at catalyzing clean energy and energy efficient projects. The proposed bank would be an independent, tax-exempt, wholly owned corporation of the United States, with the exclusive mission of providing a comprehensive range of financial support to qualified clean energy and energy efficient projects in the U.S. If this Green Bank were operated on the fractional reserve system, its initial capital base could be leveraged many times as loans. The loans could then be paid off with the income generated by the projects, preventing inflation and allowing additional loans to be made. Unlike the bank bailouts that have eaten up so much of the government’s revenues, green projects create real goods and services and real profits; and the projects could be particularly profitable if they were created without the burden of interest.

The government needs to abandon its old Tin Lizzie-model credit machine and create a shiny new public Firebird model; and the first thing the new credit engine might be tested on are green energy projects of the sort proposed by Mr. Moore. Out of the ashes of a failed GM could arise not only a new, clean way of traveling but a new way of funding government and the services we expect from it.