Topic – Economy
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Infrastructure bank could provide benefits and pitfalls
No long-term spending boost
None of the current proposals would increase long-term infrastructure spending; instead, they would just shift more of the financing into debt spending.
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Report: historical preservation spurs jobs, investment
Includes Post Rice Lofts
The tax incentives, which Congress implemented in 1981, have created 1.8 million jobs on projects such as the Post Rice Lofts and JPMorgan Chase Building.
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Texans have second-highest auto debt
Average driver owes $14,372
The average Texas driver has $14,372 in auto debt, compared to a national average of $12,568. Texas also fares poorly in car loan delinquency.
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Will TIGER reform federal transportation funding?
Advocates praise USDOT
The TIGER grant program, which allocated much of its money to transit and rail programs, has been hailed as a potential reform model by advocates.
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Metropolitan areas are shorted on stimulus money
Get 59% of stimulus funds
The 100 largest metropolitan areas contain 2/3 of the US population and 75% of the GDP but received only 59% of the transportation stimulus funds.
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Two companies collaborate to build passenger trains in US
Most trains built overseas
Currently, most train equipment is produced overseas, but some companies are trying to bring the burgeoning industry to the United States.
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1 year later: transit stimulus projects creating more jobs
Gap is growing
Through Dec. 31, transit projects have created almost twice as many jobs per capita as highway projects, and the gap between the two is growing.
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Living near transit may reduce risk of foreclosure
Transportation costs add up
Car-dependent households must spend more of their income on transportation, compounding the effects of high interest rates and recent job losses.
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