US Policy Changes Vol.8 (Infrastructure/Economy Vol.1)

Here are articles on infrastructure. Excerpts are on our own.

Trump’s Infrastructure Fix: Let Somebody Else Spend $1 Trillion (11/10/2016) | @adavies47 @wired
… It’s a great investment, especially in an age of low interest rates: Putting just $18 billion a year into roads, bridges, and waterways could create a $29 billion jump in GPD and more than 200,000 jobs in the first year, says @joshbivens_DC, research and policy director of @EconomicPolicy.
…details on how he’ll do that in Trump Versus Clinton On Infrastructure (PDF; 10/27/2016) | Wilbur Ross & Peter Navarro
The idea is to trigger $1 trillion in private sector infrastructure spending with $140 billion in tax credits for the companies willing to do the work.
“Getting the private sector involved is terribly important,” says Brian Pallasch, managing director at @ASCETweets… …the US is among the most attractive nations for those looking to invest in infrastructure, according to THIRD GLOBAL INFRASTRUCTURE INVESTMENT INDEX 2016: BRIDGING THE INVESTMENT GAP | @ArcadisGlobal.
…@edwardalden, a senior fellow with ‏@CFR_org. Indeed: A June survey found 71 percent of Southern California drivers would pay up to $20 per commute if they could drive a traffic-free, new expressway.
… “With privatized infrastructure, you can run the risk of giving the private asset holders weirdly too-much power over future investment decisions,” says @joshbivens_DC, at @EconomicPolicy. …

TO FAILURE TO ACT: THE IMPACT OF INFRASTRUCTURE INVESTMENT ON AMERICA’S ECONOMIC FUTURE (PDF; May 2016) | Economic Development Research Group, Inc. (@ASCETweets)
p4 EXECUTIVE SUMMARY
… From 2016 to 2025, each household will lose $3,400 each year in disposable income due to infrastructure deficiencies; and if not addressed, the loss will grow to an average of $5,100 annually from 2026 to 2040, resulting in cumulative losses up to almost $34,000 per household from 2016 to 2025 and almost $111,000 from 2016 to 2040 (all dollars in 2015 value).
Over time, these impacts will also affect businesses’ ability to provide well-paying jobs, further reducing incomes. If this investment gap is not addressed throughout the nation’s infrastructure sectors by 2025, the economy is expected to lose almost $4 trillion in GDP, resulting in a loss of 2.5 million jobs in 2025.
p5-7, 10, 26

Trump’s plan to rebuild America will be a lot harder to pay for than it sounds (w Video; 11/14/2016) | @johnwschoen @CNBC
DRIVERS OF INFRASTRUCTURE: FAST Act; States & local government secular trend; Huge Trump infrastructure trend

Conservatives vs. Trump’s infrastructure plan: The president-elect’s $1 trillion proposal is getting a welcome from Democrats but not from conservative groups. (11/11/2016) | @kathrynwolfe,@Gardner_LM @politico
… “Conservatives do not view infrastructure spending as an economic stimulus, and congressional Republicans rightly rejected that approach in 2009,” said @danholler (@Heritage_Action)…
“There is little evidence that these public works projects promote long-run economic growth,” @ceidotorg fellow @marcscribner…
@BAFuture…pledged to work with Trump and Congress “to tackle this unifying issue in the first 100 days.” @PeterARuane, CEO of @ARTBA… “the bipartisan aspect of this is compelling.”
…Bud Wright, executive director of @aashtospeaks… “We certainly believe that we need additional federal investment, but really finding funding to do that — using some traditional or creative sources to generate new revenues — is important.”
The only way to fix the Highway Trust Fund long term… Kathryn B. Thomson (@MoFoLLP)… “There’s a fundamental unwillingness to make politically difficult choices.”
Ed Mortimer, executive director of transportation infrastructure for @ChamberMoves… some kind of sustainable funding fix should be part of whatever plan the new president offers. …

Trump’s plan to spend on infrastructure leads companies to pitch their products as infrastructure (11/18/2016) | @StevenMufson @latimes
…Mrinalini Ingram, vice president of smart communities at @verizon… Verizon networking technology embedded in LED street lights and blue-light kiosks where pedestrians in danger can call police.
…Richard Lukas, director of federal grants and program development at @tpl_org, was worrying about the fate of federal grants used to fund a riverside park in Newark, N.J., a three-mile park along an abandoned rail line in Chicago, and a trail and bike system in Cleveland.
… “Infrastructure doesn’t just mean roads and bridges. Infrastructure means a lot of different things to a lot of different people,” said @JasonGrumet @BPC_Bipartisan…
…the Trump administration should use the tax credit to let the private market decide which projects to undertake. ‏@GinniRometty @IBM… “As we build big, let’s also build smart,”…”The country should focus on infrastructure investments that incorporate Internet of Things (IoT) technology and artificial intelligence to improve performance.” “And as infrastructure gets smarter, it also increases the need for cybersecurity…
“It’s a huge opportunity,” said @API_News President Jack Gerard, “that doesn’t cost taxpayers money.”
…Sean McGarvey, president of @BldgTrdsUnions…
…@usmayors…

The Trump factor: can infrastructure rebuild your investments?- UK and US governments need the private sector to help finance projects (11/17/2016) | @Aime_Williams,@naomi_rovnick @ft
… While the American Society of Civil Engineers has projected a $1.44tn funding investment gap between 2016 and 2025 on infrastructure, consultancy McKinsey estimates that $57tn is needed globally by 2030 to finance infrastructure projects.
… In the UK, Philip Hammond, the chancellor, is expected to announce a boost for infrastructure projects in his first Autumn Statement this month. …
…Jorge Rodríguez (Deutsche Asset Management)… subsectors include energy and utilities businesses such as those providing gas, water and waste disposal, alongside those involved in improving transport. This could be building or operating motorways, airports, seaports…
…“social” infrastructure, such as schools, hospitals and court rooms, as well as more specialised infrastructure that requires high levels of technological prowes…
… In the UK, pension funds have piled into infrastructure following years of low bond yields, encouraged by hopes that the government reforms might make it easier for them to pool assets and invest in big projects. The problem…
If Mr Trump carries through his plan to spend “double” what Mrs Clinton had promised on infrastructure, the US construction industry should see an uplift of around 30 per cent, says Mr Simon Clinch (@InvescoUS). Even so, he warns that just as infrastructure is a long-term investment, the benefits may not show up on the balance sheets of construction companies for quite some time.