CALIFORNIA | LOCAL
October 16, 2011 |
Gov. Jerry Brown says President Obama should embark on an FDR-type public works program to stimulate the economy. Excellent idea. And Brown should follow his own advice in Sacramento. The Brown administration is sitting on $9.1 billion in infrastructure bonds that have been sold and are costing the state a ton in debt payments. A rough estimate is $630 million a year. But the borrowed money is stashed in various drawers throughout the bureaucracy instead of circulating around California creating jobs.
September 29, 2011 |
China's flashy new airports, rail lines and highways are often cited as symbols of the country's inexorable rise. But a pair of violent rail incidents are changing that narrative as more Chinese question the value of economic development that some say is coming at the expense of safety. About 270 people were injured Tuesday when two subway trains collided in Shanghai, paralyzing parts of the country's financial capital. The accident came just two months after 40 people were killed when two high-speed trains collided on a viaduct in a rural section of the southeastern city of Wenzhou.
September 19, 2011 |
On her visit to a traffic-signal plant Monday, Republican presidential candidate Michele Bachmann called it an example of how President Obama's policies are "continuing to dig us deeper into the hole toward another recession. " Standing before a row of shiny orange trailers carrying portable solar-powered traffic lights, she said her plans for a smaller government with fewer rules and lower spending would help OMJC Signal Inc. "grow, grow, grow, grow, grow. " "That's my goal — to see you succeed wildly," the Minnesota congresswoman told a gathering of OMJC workers on the plant floor here in the central Iowa town where she grew up. But OMJC thrives on the kind of road and bridge spending that Obama has promoted as a key remedy to the nation's economic slowdown.
September 9, 2011 |
For a lot of businesses in California and the rest of the nation, there didn't seem to be much that President Obama could have said to sway them that Washington was able to help foster new jobs, but some liked his proposed $447-billion package of tax cuts and infrastructure spending — with reservations. Primarily, they doubted that he stood a realistic chance of getting the program through Republican opposition in Congress. They also worried about what the stimulus he unveiled Thursday would mean for the nation's deficit.
August 31, 2011 |
Colombia's defense minister abruptly resigned Wednesday amid a resurgence of violence by rebel and criminal gangs that has reversed some of the security gains made over the last decade. Recent attacks on the country's energy infrastructure and kidnappings of oil company personnel are especially worrisome to business interests concerned that continued deterioration could jeopardize an ongoing oil boom. In a letter to President Juan Manuel Santos, outgoing Defense Minister Rodrigo Rivera said it was time to "put an end to this chapter of my life and explore other opportunities.
August 17, 2011 |
Here's the good news about the pageant of economic fecklessness staged this summer by Congress and the White House: The widespread voter disgust it generated improves the chances for President Obama to reset the debate by proposing a set of bold initiatives. Obama is wrapping up a three-day bus tour of the Midwest to promote a jobs package. Thus far his program's ambitions are meager indeed, encompassing a $30-billion infrastructure improvement bank and $160 billion from unemployment and payroll tax extensions.
July 13, 2011 |
Greece is having a fire sale of its publicly-owned transportation system, with planes, trains and roads all being sold off as the country attempts to dig out of its debt crisis. Americans should watch and learn: We could well be privatizing large segments of our own transportation system soon because of the U.S. debt crisis. Last week, Rep. John L. Mica (R-Fla.,), chairman of the House Transportation and Infrastructure Committee, introduced a bill that would slash transportation spending, limiting it to the amount brought in by federal gas tax revenues and other existing highway fees.
July 11, 2011 |
Dear Karen: I get offers about cloud hosting for my business. Is it safe? Answer: Putting your company infrastructure online, or "in the cloud," can be cheaper and more reliable and allow advanced functionality. But given the importance of trusting your data to a third party, you must make an informed purchase, said Todd Benjamin, a vice president at Hostway Corp., an online hosting and data center. "Don't assume that a provider is inherently reliable," Benjamin said.
May 12, 2011 |
After years of warnings that the U.S. is vulnerable to a cyber attack that could blow up city blocks, erase bank data and fry power grids, the White House said it would call on industry to set standards for securing computer networks that run the nation's critical infrastructure. The proposal also offers states and operators of power plants, electrical grids and other critical infrastructures help from the Department of Homeland Security in building better defenses and fixing damage from cyber attacks.