Posted inBay Bridge, News

How Wall Street profits from bridge building

The Bay Area Toll Authority has the unique power to raise bridge tolls without the Legislature’s approval, which it has done repeatedly to pay off the $6.9 billion bond debt amassed so far to build the new Bay Bridge and upgrade six other spans. That makes BATA particularly attractive to Wall Street, which has pocketed more than $122 million in fees to arrange the borrowing.

Posted inNews

Commodity of Hope

 Artist Shepard Fairey, best known as the creator of the Obama campaign’s “Hope” graphic, has seen his share of ups and downs this year. After the explosive success of the “Obamicon,” the Associated Press accused him of using the then-U.S. senator’s photo without permission of the photographer. Archivists and other contemporaries have been critical of […]

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