The Contra Costa Times, covering a story of Port of Oakland air pollution, supposedly of interest to its readers, missed the crucial political fact of the year on this issue: that Gov. Schwarzenegger, vetoed the bill that would have provided the most money for air clean up, by putting a surcharge on all full containers passing through the port. The additional fact that Gov. Sarah Palin, Barfly-AK, had something to do with persuading him to veto the bill, was also missed.
The Contra Costa Times was, until recently, owned by Knight-Ridder, which sold it to the McClatchy Co, which sold it to Denver-based MediaNews Group. Moody's has just again downgraded MediaNews's credit rating and pointed to significant challenges in the chain's near future.
Meanwhile, according to Project Finance Magazine, on Dec. 9, five multi-leteral export credit agencies pledged $5.25 billion for widening and improving the Panama Canal, another blow to westcoast ports. Shipping by sea remains the cheapest means of transport.
Another aspect of the problem of ports, pollution, and the money to improve air quality around the ports, is that the planned "inland ports," warehousing and truck depots in the San Joaquin Valley reached by rail from the ports, have lost one big pot of expected public funding as a result of Schwarzenegger's veto.Read More »