Post Tagged with: "infrastructure"

Congressional action is needed.

Frequently Asked Questions on the National Infrastructure Bank

By Alphecca Muttardy, macroeconomist Last Updated: Nov 27, 2018 Q: Why is a National Infrastructure Bank (NIB)  needed? A:  Our nation’s spending on infrastructure has fallen to its lowest level in 70 years: to 2.5% of our nation’s GDP.  That’s half the comparable level in Europe, and 1/3 the level […]

by December 1, 2018 Commentary, Infrastructure Bank
The opening slide of the National Infrastructure Bank slide show.

D.C. Meeting Discusses National Infrastructure Bank

By Nancy Spannaus Nov. 14, 2018—A group of approximately 25 citizen-leaders gathered in a Washington, D.C. library last night to discuss how to address the question of the nation’s collapsing infrastructure. The lively, almost-unstoppable discussion centered around a slide show presentation on a National Infrastructure Bank (NIB)  proposal, given by […]

by November 14, 2018 News
Total Factor Productivity by Decade. The collapse has not been reversed.

Productivity Is in the Basement: We Need a Real Recovery!

By Nancy Spannaus Nov. 11, 2018—In its quarterly release Nov. 1, the U.S. Bureau of Labor Statistics (BLS) threw a wet blanket on those who have been claiming that this year’s job growth has led to a qualitative improvement in the U.S. economy. The BLS stated that productivity growth between […]

by November 11, 2018 Infrastructure, News
Former Transportation Secretary Ray LaHood

Ray LaHood Promotes Federal Infrastructure Spending

Nov. 9, 2018—Speaking to CNBC on Nov. 8, former U.S. Transportation Secretary Ray LaHood laid out his current thinking on the prospects for a bipartisan Federal infrastructure plan. LaHood, a former Transportation Secretary and long-time proponent of major federal infrastructive spending, pinned his hopes on President Trump supporting an increase […]

by November 10, 2018 Infrastructure, News Shorts
Rep. DeFazio in his campaign photo.

A New Opportunity for a National Infrastructure Agenda?

By Nancy Spannaus Nov. 7, 2018—One thing is definitive about the results of the U.S. mid-term elections: Neither political party put a solution to the country’s economic and financial disaster on the national agenda.  That doesn’t mean that many of the new Democratic members of Congress don’t have a strong […]

by November 8, 2018 Infrastructure, News
This Hudson River Tunnel is more than 100 years old.

New York-New Jersey Leaders: Gateway Must Be Built!

by Nancy Spannaus Oct. 9, 2018—On September 4, dozens of elected officials, and leaders from the labor and business community in New Jersey held a press conference in Secaucus to demand that action be taken now to unblock federal funding for the Gateway Project that would replace the antiquated bridge […]

by October 9, 2018 Commentary, News
The Grand Coulee Dam, one of the major power projects of the New Deal.

Vital Lessons from the WWII Economic Mobilization

Sept.  11, 2018—In this final section of Stuart Rosenblatt’s Lessons from the WWII Economic Mobilization, he presents three key conclusions from his indepth study of the 1939-1944 period. First, he discusses the components of the dramatic rise in Total Factor Productivity. Second, he recapitulates the means of financing the mobilization. […]

by September 11, 2018 Commentary, History
A graphic of total factor productivity in the 20th Century, showing the effects of the FDR banking policy.

A Brief History of the Principle of National Banking in the United States

Aug. 27, 2018–While Central Banks exist in many other countries, the United States is unique in its successful development of national banking.  The purpose of National Banks, developed even before the ratification of the U.S. Constitution, was to marshal the financial resources of the young nation and direct them into […]

by August 27, 2018 Commentary, Infrastructure Bank
An infrastructure bank can fund the high-speed rail we need. Above, a Chinese high-speed train.

Our Revolution Northern Virginia Endorses National Bank

Aug. 11, 2018–At a meeting July 29, the Northern Virginia chapter of Our Revolution passed a resolution endorsing a new National Bank for Industry and Infrastructure. The resolution text reads as follows: Whereas, The American Society of Civil Engineers has reported that the United States needs a minimum of $4.6 trillion […]

by August 11, 2018 News Shorts
Trucks on congested I-81

Virginia to Consider Rail Solution for Highway Congestion

Aug. 7, 2018—The Virginia Commonwealth Transportation Board, now under mandate to come up with a plan to deal with highway congestion on Interstate 81 through the Shenandoah Valley, plans to consider an innovative rail solution to the problem. That is the report from David Foster, chairman of the non-profit lobby […]

by August 7, 2018 Infrastructure, News Shorts