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November 21, 2012News for contractors and the construction industry

  Top Story 
  Infrastructure & Project Focus 

  • Strict rules hinder unveiling of $5B Tappan Zee design plans
    Design plans for the $5 billion Tappan Zee Bridge replacement have not yet been released, but New York Gov. Andrew Cuomo's office promises the public will see them before a bid is awarded. The state is seeking up to $2.9 billion in federal funding for the project. "To maintain TIFIA [Transportation Infrastructure Finance and Innovation Act] eligibility, the project has to follow all federal requirements," said Matthew Carey, director of the Center for Financial Market Studies at New York's Iona College. "There is a huge downside to not following those guidelines to the letter." Poughkeepsie Journal (N.Y.)/Journal News, The (11/19) LinkedInFacebookTwitterEmail this Story
  • Other News
  Economic Update 
  • Housing gains continue, giving boost to overall economy
    Positive movement in multiple housing-related markers, including October home sales, indicates continued recovery in the housing market, reports say. Deutsche Bank economist Joseph LaVorgna says housing improvement will boost jobs, including in construction, as well as consumer spending. He predicts that the housing recovery could fuel U.S. economic growth by a percentage point in 2013. Bloomberg Businessweek/The Associated Press (11/19) LinkedInFacebookTwitterEmail this Story
  Innovation & Green Building 
  • Fly ash, crushed bottles become a building facade in Las Vegas
    Las Vegas revelers generate 500,000 empty beer bottles each weekend -- a boon for Scott McCombs, founder of GreenStone. He's developed a building material made from a mix of recycled beer-bottle glass and fly ash that could become a sustainable substitute for concrete. GreenStone was used to build the facade of the Morrow Royal Pavilion in Las Vegas. World Architecture News (11/19) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • Labor Department is expected to ramp up enforcement
    President Barack Obama's re-election means Assistant Labor Secretary Phyllis Borzi will remain in charge of the Employee Benefits Security Administration, and she is expected to enforce new disclosure rules for plan sponsors and plan participants. Industry experts also expect the Labor Department to continue scrutiny of improper or undisclosed pay by plan consultants and investment advisers. InvestmentNews (free registration) (11/18) LinkedInFacebookTwitterEmail this Story
  Association News 
  • Construction employment declined in 28 states between October 2011 and 2012
    Construction employment declined in 28 states from October 2011 to October 2012 even as 31 states and D.C. added jobs during the past month, according to an analysis by AGC of Labor Department data. Read more. LinkedInFacebookTwitterEmail this Story
  • 2013 Construction Industry Hiring and Business Outlook
    AGC of America and Computer Guidance are once again getting ready to begin preparing the 2013 Construction Industry Hiring and Business Outlook. A key component of that outlet is the information we hope to gather from members like you. Please take a few minutes to complete this survey. And because we know your time is valuable and your input is crucial, everyone that completes a survey will be automatically entered into a raffle to give away two $100 gift cards. Our plan is to spend late November and early December compiling survey responses.  We will then work with our chief economist, Ken Simonson, other AGC staff and the Computer Guidance team to prepare an analysis of the results, which we will release to the media and members as early as the second half of December. We appreciate your support. LinkedInFacebookTwitterEmail this Story
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  Editor's Note 
  • SmartBrief will not publish Thursday and Friday
    In observance of Thanksgiving in the U.S., SmartBrief will not be published Thursday and Friday. Publication will resume Monday. Enjoy the holiday! LinkedInFacebookTwitterEmail this Story
  SmartQuote 
If the only prayer you said in your whole life was 'thank you,' that would suffice."
--Meister Eckhart,
German theologian and philosopher


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