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Showing posts with label USA.. Show all posts
Showing posts with label USA.. Show all posts

Thursday, July 27, 2017

US Infrastructure: Decaying infrastructure taking a toll on America

America's infrastructure is in a state of crisis. Roads and train lines are old, dangerous and cost the country billions of dollars in economic growth. Trump wants to repair damages but he is at the mercy of investors.

The summer of hell began for New Yorkers last Monday. Beginning at four o'clock in the afternoon people hurried home from work, clogging midtown Manhattan's Pennsylvania Station.

 Over 600,000 people trek to Manhattan daily from faraway places like New Jersey and Long Island, entering the city via Penn Station. More people transit through Penn Station than all three of New York's airports: JFK, LaGuardia and Newark. Yet on Monday many tracks were shut down for the summer so the city can begin tackling urgently needed repairs.

During his campaign, Trump promised trillions of dollars to tackle this issue. Yet a look at the budget says otherwise: The government will spend only $200 billion on the infrastructure package. The remaining $800 billion must come from states and municipalities - no major problem for wealthy states. But the rural areas remain in disrepair.

Decaying infrastructure taking a toll on America | Business | DW | 17.07.2017

Monday, October 24, 2016

TTIP: Signing EU-US TTIP Free Trade Deal Impossible Without EU-Canada CETA

The EU-US Transatlantic Trade and Investment Partnership (TTIP) free-trade deal can only be signed, if the European Union and Canada seal their Comprehensive Economic and Trade Agreement (CETA), a source in the EU Parliament told RIA Novosti Monday.

The European Council failed to approve CETA due to Wallonia, a region in Belgium, not giving the country its approval to sign the agreement. The Walloon government voted against the trade deal for fear it would water down EU labor, consumer and environmental protections, and give too much power to multinationals.

Read moreL Signing EU-US TTIP Free Trade Deal Impossible Without EU-Canada CETA