Economists lower expectations for rapid growth | Corporate borrowing shows growth optimism has faded | Construction begins on $1.6B concourse at LAX
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April 17, 2017
NRCA SmartBrief
News for the roofing industry
Top Story
Economists lower expectations for rapid growth
Mounting doubt about President Donald Trump's ability to implement his agenda has lowered expectations of a rapid economic boost. Among economists surveyed by The Wall Street Journal, 44% expect significant changes to fiscal policy, down from 71% in January, while forecasts for first-quarter growth have fallen to 1.4% from 2.3% in December.
The Wall Street Journal (tiered subscription model) (4/13) 
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News & Trends
Corporate borrowing shows growth optimism has faded
Executives who expected President Donald Trump to dramatically accelerate US economic growth have seemingly developed reservations and have turned cautious about borrowing. Earnings reports from the biggest US banks reveal growth in outstanding loans has been minimal this year.
The New York Times (free-article access for SmartBrief readers) (4/14) 
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Construction begins on $1.6B concourse at LAX
Construction begins on $1.6B concourse at LAX
(David McNew/Getty Images)
The $1.6 billion concourse project at Los Angeles International Airport is officially underway. Twelve new gates will be added, as well as dining and retail space and a 1,000-foot-long tunnel to connect the new building to the Tom Bradley International Terminal.
Los Angeles Daily News (4/14) 
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N.J. state board approves $1B new hospital
Virtua Health System wants to build a $1 billion hospital campus in Westampton, N.J. that would replace its current facility in Mount Holly, N.J. The state's Health Planning Board approved the 339-bed project, but included 13 stipulations. (Morristown, N.J.) (4/14),  Courier-Post (Camden-Cherry Hill, N.J.) (4/13) 
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Energy & the Environment
Ind. bill will remove solar incentives
Governor Eric Holcomb now has a bill, which passed Indiana's Senate, that would eliminate incentives for individuals to install solar panels on their homes. The state has four incentives for renewable energy, all of which face key cuts: a property tax exemption, a sales tax incentive, a state income tax deduction and a net metering program.
The Architect's Newspaper (4/14) 
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IKEA will add 3,888 solar panels to Ind. location
IKEA will build a 219,000-square-foot solar array on top of its new store in Fishers, Ind., outside Indianapolis. The project will include 3,888 solar panels that will cut emissions in an amount equivalent to 1,358 tons of carbon dioxide each year.
The Herald Bulletin (Anderson, Ind.) (4/14) 
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In the Office
The best way to say "sorry" is to mean it
The best way to say "sorry" is to mean it
The word "sorry" has the most impact after a gaffe when it's genuine and you take responsibility, writes Michael Grynbaum. One problem with executives' excuse-making and half-apologies is they often are speaking more to shareholders or employees, not realizing that their words will be seen and interpreted by everyone.
The New York Times (free-article access for SmartBrief readers) (4/12) 
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Tips for getting picked to give a speech
Speakers who get booked have a clear idea of what they are speaking about, starting with a smart title, writes Kristi Dosh. Make sure you pitch months out from an event, as they tend to book early.
Fast Company online (4/11) 
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Hot Topics
Government & Regulatory
Trump signs bill repealing auto-IRA measure
Trump signs bill repealing auto-IRA measure
Trump (Chip Somodevilla/Getty Images)
President Donald Trump has signed into law a measure repealing a rule that smoothed the path for cities and other local governments that want to back automatic-enrollment individual retirement accounts for private-sector employees. The Labor Department rule adopted during the Obama administration protected local governments from some potential liabilities.
InvestmentNews (tiered subscription model) (4/13) 
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World's tallest men may get height from ancient big game hunters
The tall stature of men from Bosnia and Herzegovina, the Netherlands, Croatia and Montenegro may be a genetic legacy from prehistoric Gravettian men, who hunted mammoths and other big game between 50,000 and 10,000 years ago, an anthropometric survey suggests. "I suspect that this big game specialization associated with a surplus of high-quality proteins and low population density created environmental conditions leading to the selection of exceptionally tall males," said Pavel Grasgruber, lead author of the study published in Royal Society Open Science.
Seeker (4/11) 
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NRCA will hold Roofing Industry Regional Summit
Engage with fellow roofing professionals and learn about the latest roofing industry issues at NRCA's Roofing Industry Regional Summit April 25 in Littleton, Colo. Roofing professionals from the region are encouraged to participate, regardless of their affiliation with NRCA, and take advantage of this one-day learning experience, which will provide in-depth information about the most critical issues affecting roofing businesses. Find more information here.
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Register for the 2017 China International Roofing & Waterproofing Expo
NRCA, China National Building Materials Group (CNBM) and the China National Building Waterproof Association (CWA) are co-sponsoring the 15th China International Roofing & Waterproofing Expo May 23-25 at the Shenzhen Convention & Exhibition Center. Additionally, the 2017 International Waterproofing Forum will take place May 22 at the Shangri-La Hotel. Find more information here.
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