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January 18, 2013News for contractors and the construction industry

  Top Story 
  • Group offers ways to spur economy through infrastructure spending
    The U.S. should sharply increase investment in "projects that ease bottlenecks and expand capacity at ports and key junctures;" create an infrastructure bank; and encourage "innovative approaches that bring private financing into the public sphere" to prevent it from falling further behind economic competitors, according to a report from Building America's Future. "Some countries, even in hard economic times, are still investing in their infrastructure because they see the long-term benefits of it," said Marcia Hale, the group's president. The Washington Post (1/17) LinkedInFacebookTwitterEmail this Story
  Infrastructure & Project Focus 
  • TransCanada sees Q4 startup for Keystone XL pipeline's southern leg
    Work on the southern portion of TransCanada's Keystone XL pipeline, which will run from a storage hub in Oklahoma to Texas refineries, is proceeding smoothly, according to the company. Plans to start up the line in the fourth quarter have not been hampered by lawsuits and protests, the company said. "We've got a pipeline route that's hundreds of miles long, so if there are activities that take place on one property, our crews still have plenty of work to do," said Shawn Howard, a spokesman for TransCanada. Reuters (1/16) LinkedInFacebookTwitterEmail this Story
  • Work on first phase of Dulles Corridor Metrorail almost done
    The first phase of the Washington, D.C., Metrorail subway expansion to Dulles International Airport in Virginia is 87% complete. Work has shifted from "heavy construction" to electrical and testing work, according to the Metropolitan Washington Airports Authority. The second phase is slated to start in 2014 and will includes construction of a station at Dulles Airport. The Hill/Transportation blog (1/17) LinkedInFacebookTwitterEmail this Story
  • L.A. council OKs $2B mixed-use project
    A $2 billion plan to build twin 46-story residential skyscrapers, a retail plaza and more than two acres of open space and restore the Hyatt Regency Century Plaza Hotel in Los Angeles has been approved by the City Council. The 1.5-million-square-foot project is projected to create more than 3,500 construction and permanent jobs. Commercial Property Executive (1/17) LinkedInFacebookTwitterEmail this Story
  • N.Y. Cosmos plan to build stadium, more on N.Y.'s Long Island
    The New York Cosmos soccer team has submitted a proposal to construct a 25,000-seat stadium by the Belmont Park racetrack on Long Island. The stadium is just part of the team's planned $400 million, privately funded mixed-use complex that would include restaurants, retail space and a hotel. However, Related Cos. has proposed a retail center and recreational space for the same site. SB Nation (1/16), The Wall Street Journal (1/16) LinkedInFacebookTwitterEmail this Story
  Economic Update 
  • Geithner: Economy looks "encouragingly resilient"
    Timothy Geithner recently discussed his final days as head of the Treasury Department, along with where the economy stands, bank bailouts during his term and how politics are shaping perceptions of the economy. "If you look past the political dysfunction, the economy looks encouragingly resilient," he said. "We've got much more diversity of strengths, from energy to high tech to manufacturing, than is true for any major economy, and people should find comfort and some optimism in that." The Wall Street Journal (1/17) LinkedInFacebookTwitterEmail this Story
  • Debt-limit increase may be near, GOP officials suggest
    Senior House Republicans say they may back a small, interim increase of the U.S. debt limit, a move that would let them deflect the political consequences of the government defaulting on its debt in February or March. "We're discussing the possible virtue of a short-term debt limit extension, so that we have a better chance of getting the Senate and White House involved in discussions in March," said Rep. Paul Ryan, R-Wis., chairman of the House Budget Committee. Reuters (1/17), MarketWatch/Political Watch blog (1/17), MSNBC (1/17) LinkedInFacebookTwitterEmail this Story
  Innovation & Green Building 
  • Seattle "living building" sports green roof, solar array
    The 50,000-square-foot Bullitt Center in Seattle will showcase its features that meet the Living Building Challenge standards on Earth Day, April 22. Dubbed the "world's greenest building," the facility sports a green roof, along with cisterns that will manage stormwater runoff at the site. The six-story building also has a solar array as its source of energy, and architectural features that make its interior healthier for its occupants. TriplePundit.com (1/16) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • OSHA and making a safety difference
    While some companies are critical of the Occupational Safety and Health Administration for publishing the names of employers that violate safety standards before they've been proven guilty, the agency does it to encourage others to adopt safety rules, according to David Michaels, assistant secretary of labor for occupational safety and health. Michaels notes that more companies are paying more attention to safety. All the tools the agency uses have one point to hammer home: "Change what you're doing in the workplace in a way that makes a big difference, and that will really reduce injury and illness," said Michaels. Bloomberg BNA (free content) (1/16) LinkedInFacebookTwitterEmail this Story
  Association News 
  • AGC to host webinar on the Affordable Care Act
    HR professionals cannot make tough company decisions regarding the Affordable Care Act (ACA) alone. As a result, many are guiding construction company owners and executives through the decision-making process to minimize the impact of the ACA on business operations. AGC's upcoming webinar series, The Affordable Care Act: The Impact of Health Care Reform on Your Construction Business, will provide those with a seat at the table the information necessary to make critical business decisions that will affect the company for years to come. The webinars will be held on Feb. 5, 7 and 12. Each webinar will be held from 2-3:30 p.m. ET. Registration for all three days is just $99 for AGC members. LinkedInFacebookTwitterEmail this Story
  • AGC’s Data DIGest
    Data DIGest is your source for the latest economic news relevant to the construction industry with commentary and analysis from AGC’s Chief Economist, Ken Simonson. It brings you actionable information to stay ahead of the curve on issues such as materials, prices, construction employment, and state-by-state construction trends. Subscribe at www.agc.org/datadigest. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
If I had my life to live over, I would perhaps have more actual troubles but I'd have fewer imaginary ones."
--Don Herold,
American humorist, writer and cartoonist


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