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November 14, 2012News for contractors and the construction industry

  Top Story 
 
  • NYC official floats $20B plan for flood-prevention measures
    New York City Council Speaker Christine Quinn has called for the city to invest in several flood-prevention measures worth more than $20 billion, one of which is the construction of a storm surge barrier to protect the city. Quinn, running for mayor in 2013, also posed the idea of having utility firms "bury power lines underground," an idea that Consolidated Edison said it would consider. The Wall Street Journal (11/13) LinkedInFacebookTwitterEmail this Story
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  Infrastructure & Project Focus 
 
  • Keystone XL project will get Obama's approval, report finds
    TransCanada's Keystone XL pipeline will secure President Barack Obama's approval, but the decision may take time, according to a report from Moody's Investors Service. "Still, even if Keystone XL went into operation in 2015 or 2016, Gulf Coast refining and marketing companies would benefit from wider light/heavy crude price differentials," the report stated. The Hill/E2 Wire blog (11/12) LinkedInFacebookTwitterEmail this Story
  • $2.8B Miss. power plant is 50% complete and on schedule
    Mississippi Power's $2.8 billion power plant in Kemper County, Miss., is 50% complete and is expected to be finished by 2014, the power company said. The project reached a major construction milestone with the installation of the plant's gasifier, according to Robby Eubanks, project coordinator at Performance Contractors, the project's contractor. Construction Equipment Guide (11/14) LinkedInFacebookTwitterEmail this Story
  • Other News
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  Economic Update 
  • Other News
How Much Do You Really Need to Make? The Answer May Shock You
Rather than focus on what you can afford to pull out of the business to cover your living expenses, you need to focus on how much you need to earn at your business in order to afford the lifestyle you want to have. This is where the Personal Earnings Goal, or PEG, comes into play. Learn how to calculate your PEG and find out how much you really need to make.

  Innovation & Green Building 
  • Health care industry funds green-building projects
    The construction of sustainable medical facilities has been a key source of work for the architecture, engineering and construction industry, this article says. Notable projects include a $538 million expansion of Phoenix Children’s Hospital in Arizona, which features a central energy plant for its 34-acre campus, and the Swedish Cancer Institute's radiotherapy treatment "vault" in Seattle, said to be the first LEED-Silver certified radiation center. Building Design + Construction (free registration) (11/11) LinkedInFacebookTwitterEmail this Story
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  Policy Watch 
  • Analysis: Little time remains to avoid "fiscal cliff"
    President Barack Obama and Republicans hope they can avert the "fiscal cliff" with a short-term measure that is linked to a longer-term initiative based on reform of the tax code and entitlements, according to The Economist. Time is short, and the second part will be difficult to accomplish, the magazine notes. "Despite their high-minded rhetoric, neither Democrats nor Republicans relish the political blowback that comes with cutting entitlements and tax breaks," the magazine says. The Economist (11/10) LinkedInFacebookTwitterEmail this Story
  • Former Pa. governor urges infrastructure investment
    Unless America commits to upgrading it's infrastructure, gridlock in metropolitan areas will continue to rise and maintenance backlogs will continue to grow, said former Pennsylvania Gov. Ed Rendell at the Greater Baltimore Committee transportation summit on Monday. "We have let our infrastructure crumble because we're not willing to invest," Rendell said. "We're told we don't have the money. We do have the money. It's just a question of priorities." The Baltimore Sun (11/12) LinkedInFacebookTwitterEmail this Story
  Association News 
  • AGC video news reports
    Check out AGC’s video reports, featuring the latest news direct from the experts. Watch them all on AGC's YouTube Channel. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
The best way to find out if you can trust somebody is to trust them."
--Ernest Hemingway,
American author and journalist


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