Investment in America’s infrastructure is a hot topic in Washington. U.S. presidential contenders, Republican John McCain and Democrat Barack Obama, have spent the past week articulating policy goals for shoring up and modernizing the nation’s infrastructure, according to Reuters. The country’s infrastructure is also a topic of growing interest on Wall Street as politicians and [...]
The need to repair the nation’s crumbling infrastructure increases with each passing day. Cash-strapped state and local governments are desperate for new sources of funding since the old ways of financing and constructing public facilities through bonds and taxes is no longer equal to the task. That’s because the infrastructure gap is huge… and growing. [...]
Cash-strapped federal and state governments are increasingly looking to private capital to supplement public funding for desperately needed infrastructure projects. The Organization for Economic Co-Operation and Development (OECD) says the world economy is expected to grow on average at close to 3% per year to 2030. The group warns that the fast pace of global [...]
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