Transportation Infrastructure
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CNBC's Michelle Caruso-Cabrera reports the American Society of Civil Engineers says the nation would lose 3.5 million jobs if it fails to fix its aging infrastructure. Donna Cooper, Center for American Progress, weighs in.
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The decrepit state of the nation's infrastructure will knock more than $3 trillion off the nation's GDP through the end of the decade if more money isn't spent to upgrade the country's roads, bridges, airports and ports, according to a new report from the American Society of Civil Engineers.
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CNBC's Michelle Caruso-Cabrera reports the latest data from the American Society of Civil Engineers show the nation could lose 3.5 million jobs due to the shortfall in infrastructure funding.
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BRUSSELS, Jan 11- The European Commission is considering legal action against Germany over its new international airport in Berlin because of environmental concerns, marking a further setback for the project which has been dogged by delays.
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Federal Communications Chairman Julius Genachowski said in a speech at the Consumer Electronics Show in Las Vegas on Wednesday that the agency planned to free up unlicensed spectrum in the 5 gigahertz band in order to improve wi-fi service both in terms of speed and capacity.
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TRIPOLI, Jan 9- Libya's oil ministry has reached agreement with the country's army chief and defence and interior ministries to secure exporting terminals, Oil Minister Abdelbari Al-Arusi said, after several protests have caused shipping disruptions.
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*Boeing shares close down 2 percent. BOSTON/ NEW YORK, Jan 7- Fire broke out on an empty Boeing Co 787 Dreamliner jet parked at a gate in Boston on Monday, putting safety concerns about the new, carbon-composite jet back in the spotlight and drawing attention from federal investigators.
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NEW YORK, Dec 27- Oil terminals in the New York Harbor are expected to operate through a dock workers strike scheduled for later this week, traders and sources close to port operations said on Thursday.
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SEATTLE, Dec 26- The threat of imminent labor unrest at four U.S. The shipping companies declared a formal impasse in stalled contract talks with the International Longshore and Warehouse Union days after nearly 3,000 rank-and-file union members voted overwhelmingly to reject management's "last, best and final" offer.
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The International Longshoremen's Association, the union representing the dock workers, and the U.S. Maritime Alliance, the group of shippers and port operators, have been bargaining since March, but reportedly remain far from a deal covering cargo handling at 15 ports on the U.S.
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The threat of a longshoremen's strike that could close 15 ports from Massachusetts to Texas has shipping industry leaders, manufacturers and retailers warning of a "devastating blow" to the supply chain.
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WASHINGTON, Dec 19- U.S. Senate Republicans sought to slash a $60.4 billion aid bill to cover reconstruction after Superstorm Sandy, proposing on Wednesday to fund only $23.8 billion in immediate disaster relief while assessing longer-term needs.
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Dec 19- A final version of new U.S. economic sanctions against Iran would give the Obama administration more time to implement measures aimed at its energy, shipping and port sectors, but otherwise was little changed from an initial draft released last month.
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WASHINGTON, Dec 17- The U.S. Senate on Monday began debating a $60.4 billion aid bill to rebuild communities devastated by Superstorm Sandy amid criticism by conservative groups who said the measure was loaded with wasteful, non-disaster spending. The Democratic-controlled Senate is looking to pass the disaster aid bill this week.
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HAVANA, Dec 11- Communist-run Cuba legalized nonagricultural cooperatives on Tuesday as the state continued to pull back slowly from its centrally planned economy in favor of private initiative and market forces.
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BRASILIA, Dec 6- Brazil's government launched a $26 billion port investment program on Thursday to reduce the high costs and notorious delays in shipping goods in and out of the major commodities exporter.
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A U.S. port workers union has accused APM Terminals, a port operator of A.P. Moller-Maersk, of spying on union representatives in Los Angeles by tapping their phones.
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COPENHAGEN, Dec 6- A U.S. port workers union has accused APM Terminals, a port operator of A.P. Moller-Maersk, of spying on union representatives in Los Angeles by tapping their phones.
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*Work stoppage cost Southern California an estimated $8 billion. LOS ANGELES, Dec 5- The largest U.S. cargo shipping complex resumed full operations on Wednesday after harbor clerks and management settled an eight-day strike that left two Southern California ports mostly idle, sapping the region's economy of an estimated $8 billion.
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*Work stoppage cost Southern California an estimated $8 billion. LOS ANGELES, Dec 5- The United States' largest cargo shipping complex was set to resume full operations on Wednesday after harbor clerks and management settled an eight-day strike that left the ports of Los Angeles and Long Beach mostly idle, sapping the region's economy of an estimated $8 billion.