New York Times (July 30)
“Mr. Biden has managed to do what Mr. Trump repeatedly promised but never could pull off: move forward on a big-spending, bipartisan deal to rebuild American roads, bridges, water pipes and more.”
Tags: Biden, Big-spending, Bipartisan, Bridges, Deal, Pipes, Promised, Pull off, Rebuilding, Roads, Trump, U.S., Water
New York Times (September 25)
Companies are discovering that “quitting China is hard to do” as they look to shift operations to avoid Trump tariffs. “Few places can match China’s convenience and reliability.” Not only is China a near comprehensive source of “the ingredients that go into today’s consumer goods,” it also boasts “a dependable source of workers who know how to hold down factory jobs,” along with “reliable roads and rail lines connecting suppliers to assembly plants to ports.”
Tags: China, Consumer goods, Convenience, Dependable, Factory, Operations, Ports, Rail, Reliable, Roads, Source, Suppliers, Tariffs, Trump
Bloomberg (March 3)
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.”
Tags: Addiction, Airports, Bridge, China, GDP, Infrastructure, Ports, PPP, Railways, Roads, Tunnel, Unstable
The Economist (September 3)
“An epic struggle looms. It will transform daily life as profoundly as cars did in the 20th century: reinventing transport and reshaping cities, while also dramatically reducing road deaths and pollution.” Across several industries companies have grasped “the transformative potential of electric, self-driving cars, summoned on demand.” With Uber poised to lead this race, “technology firms including Apple, Google and Tesla are investing heavily in autonomous vehicles; from Ford to Volvo, incumbent carmakers are racing to catch up.”
Tags: Apple, Autonomous vehicles, Carmakers, Cars, Cities, Daily life, Electric, Ford, Google, Pollution, Reinventing, Roads, Self-driving, Struggle, Tesla, Transformative potential, Transport, Uber, Volvo
Bloomberg (March 11)
“It’s been five years since the worst nuclear disaster since Chernobyl shook Fukushima. Roads have been rebuilt and electricity has been restored. But life has still not returned to normal for many of the prefecture’s residents.”