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Keyword: bonds

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  • Officials consider bond for quicker I-87

    10/28/2017 5:09:15 PM PDT · by Tolerance Sucks Rocks · 13 replies
    The Elizabeth City Daily Advance ^ | October 1, 2017 | Jon Hawley
    North Carolinians agreed to borrow $2 billion last year to support higher education and infrastructure. Should they borrow a similar amount to more quickly build Interstate 87 and other important roads? Some local officials say yes. For more than a year, Interstate 87 has been a burning issue for elected officials in Pasquotank and surrounding counties. Creating that road from Raleigh to the Virginia state line would cost more than $1.3 billion, based on early estimates, and it could take decades to develop. Just widening U.S. Highway 17 to interstate standards from northern Pasquotank through Camden may cost almost $187...
  • 5 Ways Republicans Could Ruin Tax Reform

    10/19/2017 3:58:39 PM PDT · by Tolerance Sucks Rocks · 10 replies
    The Daily Signal ^ | October 17, 2017 | Rachel Greszler
    Policymakers want to unleash economic growth in America by fixing our broken tax system. Or so they say. Now that the conversation has moved beyond just lowering tax rates, pro-growth tax reform is in danger of losing the stuff that actually makes it pro-growth. That’s because policymakers are caving to big-government advocates and other special interests. Here are the top five worst ideas that would surely dampen pro-growth tax reform. 1. Failing to enact full expensing. Full expensing—allowing businesses to deduct the full cost of their investments when they incur those costs, instead of spreading them out over many years—is...
  • Rascovar: Hogan, king of the road(s)

    10/15/2017 5:16:36 PM PDT · by Tolerance Sucks Rocks · 18 replies
    The Maryland Reporter ^ | September 24, 2017 | Barry Rascovar
    Gov. Larry Hogan never met a highway project he didn’t like. He’s a 1950s type of politician – solve all the state’s transportation gridlock and congestion by paving the countryside with lanes of new concrete.He’s got a $9 billion plan that is a lollapalooza: Let construction giants build and pay for toll lanes on the Capital Beltway and the busy I-270 corridor from the beltway to Frederick – 70 miles of exclusive Lexus lanes – and let those companies reap the toll rewards so they can recoup a staggering $7.6 billion investment (the actual cost is likely to be substantially...
  • Unlocking billions of dollars of infrastructure funding capacity

    09/28/2017 5:32:33 AM PDT · by Tolerance Sucks Rocks · 16 replies
    The Washington Times ^ | September 13, 2017 | Charles "Skip" Stitt
    The nation’s approach to managing public infrastructure is often inefficient. Best practices, such as life-cycle asset management and preventive maintenance, are rarely a priority. We can, however, unlock billions of dollars of infrastructure funding capacity now trapped in existing assets by improving how we build, operate and finance infrastructure. While experts discuss the size and urgency of our infrastructure needs, the debates focus on how to pay for new infrastructure. The Trump administration has identified public-private partnerships (P3) as a primary strategy. A majority of states and D.C. have statutes allowing P3s. Other countries have also adopted P3s as a...
  • It's official: State takes over I-69 Section 5 project

    08/21/2017 1:10:38 AM PDT · by Tolerance Sucks Rocks · 12 replies
    The Bloomington Herald-Times ^ | August 15, 2017 | Michael Reschke
    The state has officially taken over the Interstate 69 Section 5 project from I-69 Development Partners.The Indiana Finance Authority announced it had reached an agreement with the private developer in June to take over construction, operation and maintenance of the project after several delays in the completion schedule. To officially take control of the project, the Indiana State Budget Committee had to approve the plans. Additionally, all parties had to endorse a settlement agreement and bondholders had to be paid in full.The finance authority announced Monday it had completed the settlement transaction to terminate the contract with I-69 Development Partners...
  • Fannie-Freddie Might Need $100 Billion in New Crisis, FHFA Says

    08/09/2017 3:06:24 PM PDT · by Lorianne · 20 replies
    source content cannot be posted due to copyright issues | 07 August 2017 | Joe Light
    see link in post below
  • Hartford Debt Dropped to Junk Status by Standard & Poor's

    07/12/2017 11:05:48 AM PDT · by Lorianne · 22 replies
    Hartford Courant ^ | 12 July 2017 | Dan Haar
    Hartford has hired a lawyer as city officials begin navigating the complex system of bankruptcy. The city is facing a $65 million shortfall this year and it remains unclear whether it will receive any additional state aid. Standard & Poor's downgraded Hartford debt to junk bond status late Tuesday, less than a week after the financially troubled capital city hired a New York law firm with expertise in restructuring municipal finances. The Wall Street ratings agency downgraded most city of Hartford outstanding debt to BB, a level that's classified as speculative, also known as non-investment-grade, or junk, from BBB-. That...
  • World Offers Cautionary Tale for Trump’s Infrastructure Plan

    06/26/2017 11:14:16 AM PDT · by Tolerance Sucks Rocks · 20 replies
    The New York Times ^ | June 16, 2017 | Peter S. Goodman
    LONDON — The rest of the planet bears a warning for President Trump’s plan to lean heavily on private business in conjuring a trillion dollars’ worth of American infrastructure: Handing profit-making companies responsibility for public works can produce trouble. In India, politically connected firms have captured contracts on the strength of relationships with officialdom, yielding defective engineering at bloated prices. When Britain handed control to private companies to upgrade London’s subway system more than a decade ago, the result was substandard, budget-busting work, prompting the government to step back in. Canada has suffered a string of excessive costs on public...
  • NBC2 Investigators: Tolls won't be used for Cape Coral Bridge project

    06/16/2017 5:17:47 AM PDT · by Tolerance Sucks Rocks · 1 replies
    NBC 2 ^ | May 26, 2017 | Delia D'Ambra
    LEE COUNTY, Fla. - The entire westbound span of the Cape Coral Bridge will be replaced in about 11 years. That overhaul will be an expensive project costing $88 million. At the rate you're paying the $2 toll right now, the money could be saved and ready to pay for it in half that time. However, that’s not happening, and NBC2 investigated to find out why. More than 20,000 vehicles pass over the Cape Coral Bridge in a single day. Drivers headed to the Cape from Fort Myers have to pay $2 before jumping on the westbound span. "Living on...
  • VERIFY: Are Houston toll road fees ever going away?

    06/12/2017 10:59:41 PM PDT · by Tolerance Sucks Rocks · 41 replies
    KHOU ^ | May 19, 2017 | Tim Wetzel
    HOUSTON - The teachers at Spring Forest Middle School asked KHOU 11's Verify team whether Beltway 8 has been paid off and if the tolls will ever go away in the foreseeable future. "Why do we still pay for toll roads?" wondered 7th grade teacher Rebecca Mustachio. "To be honest, I thought we would be done paying for toll roads." We are not even close to paying the bill for those roads, according to Roxana Sibrian of the Harris County Toll Road Authority. In a statement emailed to KHOU, the authority says it will be paying off construction debt until...
  • What's so hard about extending tolls? (West Virginia)

    04/26/2017 1:13:08 PM PDT · by Tolerance Sucks Rocks · 20 replies
    The Beckley Register-Herald ^ | April 23, 2017 | Editorial Board
    Why on God’s green Earth has the state legislature dawdled on the question of whether or not to extend tolling on the West Virginia Turnpike? Seriously. We have looked all around the issue for the past few years and have not found a single, solitary good reason the $2 fee shouldn’t be continued once the bonds are paid off in May 2019. Under current state law, toll collections will cease, the Parkways Authority will disband and the commissioner of Highways will assume oversight of the Turnpike the year after next if legislators fail to amend current legislation. Forget – in...
  • State Should Add Interstate Tolls

    04/26/2017 7:18:45 AM PDT · by Tolerance Sucks Rocks · 30 replies
    Urban Milwaukee ^ | April 24, 2017 | Robert W. Poole, Jr.
    Wisconsin’s highways are seriously underfunded. According to the Wisconsin Department of Transportation’s Transportation Fund Solvency report, spending only the $28 billion projected to be available over the next decade will lead to double the number of highway miles in “poor” condition — and will preclude even planning any highway expansions for nearly 40 years. Borrowing enough to spend $31 billion would slightly reduce the amount of “poor” highway miles but still would preclude planning any highway expansions until 2040. But a second WisDOT report offers a way out. Extensive research done last year for the DOT by the consulting firm...
  • Road to fewer highway tolls in Maine is full of curves

    04/17/2017 12:58:19 PM PDT · by Tolerance Sucks Rocks · 11 replies
    The Portland Press Herald ^ | March 24, 2017 | Peter McGuire
    The idea of doing away with the Maine Turnpike Authority and eliminating tolls has a long and unsuccessful history through both Democratic and Republican administrations.Gov. Paul LePage revived the concept at a town hall meeting in Gorham on Wednesday night, saying he would like to see the turnpike authority merged with the Maine Department of Transportation and the elimination of almost all tollbooths, having one only in Kittery to collect tolls from out-of-state drivers. “The only toll we should have is for the visitors coming in and out of the state in the summer months,” LePage said, adding that Mainers...
  • United States: The Plan For The Future Of American Infrastructure

    02/17/2017 4:55:24 AM PST · by Tolerance Sucks Rocks · 2 replies
    Mondaq ^ | February 13, 2017 | Richard P. Puttré, Eric W. Sedlak, Kevin J. McIntyre, Isel M. Perez and James F. Channing
    A Look Into the Opaque Crystal Ball for Infrastructure Initiatives in the First 100 Days of the Trump Administration President Donald J. Trump's "America's Infrastructure First" plan is one of the Trump Administration's priorities during his first 100 days in office. Throughout the campaign, President Trump heralded his plan to build and restore highways, tunnels, airports, bridges, and water systems across America and promised a $1 trillion investment in the infrastructure sector over a 10-year period. Leaders from both parties acknowledge the nation's deteriorating infrastructure, and there have been expressions of support from both sides of the aisle for some...
  • The Coming Dollar Shortage

    12/28/2016 2:09:58 PM PST · by BDParrish · 25 replies
    Daily Trade Alert ^ | December 24, 2016 | Jm Rickards
    In my forthcoming book The Road to Ruin: The Global Elites’ Secret Plan for the Next Financial Crisis, I make a very simple point: In 1998 we were hours away from collapse and did everything wrong following that. In 2008, we were hours away from collapse and did the same thing. Each crisis is bigger than the one before. The stock market today is not very far from where it was in November 2014. The stock market has had big ups and downs. There was a big crash in August 2015, followed by a big crash in January 2016. Followed...
  • Larson’s tunnels: Big plan, even bigger challenge

    11/27/2016 8:28:10 PM PST · by Tolerance Sucks Rocks · 51 replies
    The Connecticut Mirror ^ | November 15, 2016 | Tom Condon
    Not everyone is thrilled with U.S. Rep. John Larson’s proposal to build massive highway tunnels under Hartford, but Daniel Burnham might be, were he still with us. It was Burnham, the great Chicago architect and planner, who said, “Make no little plans. They have no magic to stir men’s blood and probably will not themselves be realized.”Larson’s is anything but a little plan; it is breathtaking in scope. It has stirred the blood of some public officials and business leaders. But the concept is so vast, complex and potentially expensive – it would be longer than Boston’s “Big Dig” tunnels...
  • How Trump Might Try to Fix Bridges and Highways: QuickTake Q&A

    11/24/2016 7:44:35 AM PST · by Tolerance Sucks Rocks · 9 replies
    Bloomberg ^ | November 14, 2016 | Laurence Arnold and Sho Chandra
    Link only - Bloomberg
  • ‘Trump trade’ sparks stampede out of bond funds into stocks

    11/23/2016 7:16:45 AM PST · by Ernest_at_the_Beach · 9 replies
    Marketwatch ^ | Nov 18, 2016 1:07 p.m. ET | Anora Mahmudova
    Weekly bond outflows were biggest since June 2013 The rotation out of bonds into stock postelection is greatest in years The so-called Trump trade that followed the Nov. 8 election victory of Donald Trump sparked the largest outflow from bond funds since the “taper tantrum” of June 2013, with investors piling into stocks, according to flow data compiled by Bank of America Merrill Lynch.In the week ended Nov. 16, investors withdrew $9.06 billion from bonds funds. The money withdrawn from bond funds as well as some of the cash sitting on the sidelines, found its way to equity funds and...
  • Who’s Going to Pay for Trump’s Huge Infrastructure Plans?

    11/20/2016 10:02:22 PM PST · by Tolerance Sucks Rocks · 81 replies
    The Fiscal Times ^ | November 14, 2016 | Mark Joffe
    A rare point of agreement between President-Elect Trump and Congressional Democrats is that America has an infrastructure deficit: The nation’s transportation, power, water and sewerage facilities are too often outdated and unable to reliably serve a growing population. But while the diagnosis crosses party lines, solutions are more controversial. Democrats may not be too worried about the recent increase in federal deficits, but Republicans who have made an issue of the national debt will be reluctant to produce more red ink. Likewise, tax increases to pay for new federal construction spending are off the table under Trump and a Republican-controlled...
  • Trump promises big on highway funding, could open door to more tolls and privatization

    11/19/2016 11:54:49 PM PST · by Tolerance Sucks Rocks · 33 replies
    Overdrive ^ | November 14, 2016 | James Jaillet
    President-elect Donald Trump said throughout his campaign for the White House that he wants major investments in U.S. infrastructure, calling for $1 trillion on infrastructure projects during his presidency.He reiterated the point in his victory speech last Wednesday. “We’re going to fix our inner cities and rebuild our highways, bridges, tunnels, airports, schools, hospitals,” Mr. Trump said. “We’re going to rebuild our infrastructure, which will become, by the way, second to none.”However, major infrastructure bills are challenging pieces of legislation to pass, especially since Congress changed little in the election, says Todd Spencer, executive vice president of the Owner-Operator Independent...