But the money allocated so far for HSR is clearly inadequate for the task at hand.

ECONOMIST: Business travel

Mr Baker sought guarantees that money would not be "raided" from existing rail projects to pay for HSR and asked for a long-term commitment to extend it to Scotland.

BBC: High Speed Rail statement debated by MPs

HIGH-SPEED RAIL (HSR) fans rejoiced earlier this year when it became clear that President Barack Obama's economic stimulus package would include at least some new money for HSR projects in America.

ECONOMIST: Business travel

Consummation of the Transaction is subject to certain customary closing conditions, including, among others, the expiration of the HSR waiting period and the receipt of regulatory approvals in certain foreign jurisdictions.

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