Pension funds are eyeing U.S. infrastructure assets as an investment opportunity. Most recently, the California Public Employees Retirement System has adopted an investment policy to guide its infrastructure investments, which may include transportation, ports, energy, water and communications projects, according to Money Management Letter. The new policy will see CalPERS commit up to 3% of [...]
Research recently released by the U.S. Department of Transportation (DOT) shows that, since last November, Americans facing rising gasoline prices, have driven 53.2 billion less miles than they did versus the same period a year earlier - topping the 1970s’ total decline of 49.3 billion miles. This marks the eighth month of steady decline. The [...]
When it comes to infrastructure, states are putting off today what they can do tomorrow. That’s according to an AP review of repairs on each state’s 20 most-traveled bridges with structural deficiencies. The study found that just 12% of those structurally deficient bridges (which are not in imminent danger of collapse) have actually been fixed. [...]
Amid cutbacks and recession woes, Wall Street firms are beefing up their restructuring teams. As the economy continues to slow, a number of experts anticipate a virtual flood of bankruptcies and restructurings in the coming months. Big investment banks are building their restructuring departments in a bid to provide financial advice and financing to companies [...]
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 [...]
House Speaker, Nancy Pelosi, is calling upon California venture capitalists to help Congress solve some of the most pressing issues facing the United States today, reports the San Francisco Chronicle. The report states that Pelosi has asked Silicon Valley leaders to send Washington their ideas on how to reverse global warming, improve education and health [...]
The United States is headed toward decline, and needs to wake up to the dire state of its infrastructure, according to a report co-published by the Urban Land Institute and Ernst & Young. The study however warns that “political will may only emerge when people face imminent reward or immediate risk–a bridge collapse or a [...]
A growing number of investors see a goldmine in green ventures, and they are pouring billions into alternative energy, namely wind. Rapid growth is predicted in the global wind market and the United States is one of three nation’s leading future growth in the industry, according to Reuters, citing a German research study. In fact, [...]
Although a number of banks hit by the U.S. subprime crisis have announced cutbacks, they have not trimmed talent in high-growth markets in China and many other parts of Asia, reports China Daily. China’s economy, the world’s fourth-largest, grew 10.6% in the first quarter from a year ago after expanding by 11.4% in 2007, the [...]
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