Daily Archives: November 11, 2011

Today in the Free Market 5 – Drugs kill M’kay

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Big Pharma and the FDA have both known for years that certain asthma drugs can cause death. However what is most startling how. These drugs can actually cause and worsen an asthma attack.  The drugs marketed as Symbicort, Advair, and Serevent all carry warning labels saying “cause an increased risk of death from asthma problems.”.  Each year over 4,000 people die from complications caused by these drugs, which is higher than the number of people who die from asthma!

But Advair alone brought in over $5 billion for its manufacturer,  GlaxoSmithKline, so it remains available.

Another example of why high speed rail is better

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Some more real world examples of how high speed rail would be better than flying:

I flew PIT to PHL on Tuesday. I left my house 5:30am, arrived at the airport at 6:00am, checked no bags, and got to my gate just as they were announcing my boarding zone for my 7:00am flight. Basically, I was as time efficient as possible. We landed on time at 8:26 am. After some taxiing and making it to our gate, I finally get out to the SEPTA terminal to get myself into center city. After a short 10 minute wait, I board the rail train at 9:13am and arrive in center city at 9:35. A very efficient 3 hours and 35 minutes.

But wait. It is only about 300 miles from my house to CC Philly. At 75 mph most of the way, that means I can drive the same distance in about 4 hours and never have to take my shoes off. In fact, I know for certain that I can do the trip in 4 hours 30 minutes with just one stop along the way for food, gas, and bathroom, as I’ve done that very trip many times.

Additionally, if I had to check luggage, I would have needed to be at Pittsburgh airport 30 minutes earlier than I had been per airline requirements, putting flying squarely in line time wise with driving.

Now lets look at some hypotheticals:

Hamburg Germany to Frankfurt Germany is ALSO 300 miles apart. DeutscheBahn can do that run in…… 3 hours 36 minutes!

 

Click to embiggen:

DeutscheBahn Hamburg to Frankfurt schedule

DeutscheBahn Hamburg to Frankfurt schedule

 

But here is where DB has an advantage. On the run between Hamburg and Frankfurt, the train makes 3 additional stops to pick up and drop off passengers. That is an opportunity for additional revenue that US Airways doesn’t have. On a similar run between Pittsburgh and Philly I see a potential for 3 intermediate stops as well: Altoona, Harrisburg, and Lancaster.

Now we get down to cost:
My round trip flight to PHL was $190 dollars
You can see in the graphic that a one way ticket on DB is 69 € which works out to about $94. Times 2 = $188

However, DB also offers something called a Bahncard 25 for a cost of 57 Euro. The card allows you to book fares at 25% off for a full year. Just two round trips between Hamburg and Frankfurt more than pays for the cost of the card and any additional trips are available at the 25% off rate.

Now add in the fact that rail is far more comfortable, there is an on board cafe, power outlets, tables, large bathrooms, substantially larger carry on size limits, and the case for high speed rail is just far more compelling than anything the airlines could offer.