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April 2019
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Wall Street Journal (March 10)

2019/ 03/ 12 by jd in Global News

“The Venezuelan dictatorship is trying to use a nationwide power outage against its political opposition by claiming sabotage.” A more plausible reason is “the colossal failure… to invest in the country’s decrepit hydroelectric plants…. The blackout and the chaos that has ensued is a metaphor for the catastrophe known as Venezuela. Every aspect of the nation’s infrastructure, physical and institutional, has broken down.”


Bloomberg (November 2)

2018/ 11/ 04 by jd in Global News

China’s belt and road master plan “to project Chinese power, influence and trade across much of the world could well undermine all three.” The trillion-dollar global infrastructure scheme has gotten out of control. “A scaled-down, better-managed Belt and Road—guided more by economics and less by politics—should, as intended, promote growth and trade across the region and beyond. That would serve everybody’s interests.”


Bloomberg (May 27)

2018/ 05/ 29 by jd in Global News

“The great deal maker has yet to make even a decent deal as president; he hasn’t negotiated anything on health care, immigration or infrastructure, and the trade negotiations with China may be a bust.” In Korea, Donald Trump’s “gut instincts” have resulted in a blunder that’s “worse than it looks: Kim Jong Un appears shrewd. China is stronger. And U.S. allies know not to trust Washington.”


The Straits Times (February 20)

2018/ 02/ 21 by jd in Global News

“In spite of a substantial budget surplus,” Singapore is planning to raise taxes to meet “the challenges that lie ahead—in the form of financing healthcare in an ageing society, meeting infrastructure needs and ensuring security.” This approach starkly contrasts with the U.S., which has cut taxes despite running an enormous budget deficit, but fiscal sustainability has been “a mainstay of Singapore’s economic planning since independence.”


Gizmodo (January 26)

2018/ 01/ 28 by jd in Global News

“We can’t rely on the market to create an ‘electric car revolution’ in Australia. Funding infrastructure, creating industry standards, legislating to reward and cheapen less-polluting cars, and educating the public are all part of the challenge.”


Bloomberg (March 3)

2017/ 03/ 05 by jd in Global News

There is a “big problem with China’s bridge and tunnel addiction.” It looks unsustainable. “China spent more than $10.8 trillion on infrastructure from 2006 to 2015…. Outlays for roads, airports, ports, railways, and the like rose 17.4 percent last year, far outpacing the country’s 6.7 percent expansion in gross domestic product.” To maintain the pace, Beijing is promoting public-private partnerships (PPP), but these look “unstable.”


Institutional Investor (January 26)

2017/ 01/ 27 by jd in Global News

“It’s not even been a week in office and the Trump administration has already managed to send shivers of excitement through the arcane world of infrastructure investment with talk of new domestic projects…. Not surprisingly, asset managers with infrastructure teams are jumping on the renewed interest in the asset class, holding press briefings and webinars to provide clarity.”


New York Times (December 30)

2016/ 12/ 31 by jd in Global News

“Glory, glory, hallelujah! New Year’s Day is about to bring New Yorkers what many of their ancestors never lived to see: the opening of the Second Avenue subway.” Though it is set to open on schedule, the line is really “nearly a century overdue. It was dreamed up in the 1920s, was derailed by the Great Depression, by wars overseas and political battles at home, by the 1970s fiscal crisis, by dithering, distractions, diverted funds and the inertia that keeps big infrastructure projects forever on the drawing board.”


Washington Post (September 6)

2016/ 09/ 07 by jd in Global News

“Federal debt incurred to fund current consumption…is in effect a tax on future generations….But debt incurred to finance infrastructure modernization and repair is different. It creates… a long-term asset (the highway, railroad, energy transmission grid or airport such spending buys). It’s perfectly fair to spread the financing costs of those assets across the generations of taxpayers who will enjoy their use.”


Washington Post (May 27)

2015/ 05/ 28 by jd in Global News

“China is attempting to steal a march on its neighbors by rapidly constructing airstrips, ports and other infrastructure on reclaimed land in one of the most sensitive maritime areas in Asia—one with multiple overlapping sovereignty claims. While it probably cannot be stopped, the project should be fully exposed—and China’s attempts to restrict air and sea traffic near its installations decisively rejected.”


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