Fed Describes Economy as ‘Strong’ for the First Time Since 2006
The Federal Reserve described economic activity as “strong” in a statement Aug. 1, the first time it has done so since it called it “quite strong” in May 2006 — in the late stages of the last economic expansion, shortly before the housing market drove the economy into meltdown.
August 2, 2018Schumer Calls for More Inspectors After Concrete Falls From Rail Bridge
Sen. Charles Schumer (D-N.Y.) called on the Federal Railroad Administration to increase the number of independent inspectors that examine rail bridges.
August 2, 2018China Says US Tariff Threat Runs Against Trend of the Times
BEIJING — China’s foreign minister said Aug. 1 that U.S. threats to hike tariffs run against the trend toward globalization and will hurt U.S. businesses and consumers.
August 2, 2018Trump Administration Cites Safety to Freeze Mileage Standard
WASHINGTON — The Trump administration says people would drive more and be exposed to increased risk if their cars get better gas mileage, an argument intended to justify freezing Obama-era toughening of fuel standards.
August 2, 2018Spending on Future Tech Eats Into BMW Profits
FRANKFURT, Germany — BMW’s profit fell 6% in the second quarter as it spent more on developing new technologies for electric, autonomous and digitally connected automobiles, the luxury carmaker said Aug. 1.
August 2, 2018Companies Continue to Search Supply Chains for Conflict Minerals
For the past five years, public firms across the United States have been searching out their supply chains for “conflict minerals” used to fund armed conflicts in Central Africa.
August 1, 2018Andrew Wheeler’s Reversal on Glider Order Earns Democratic Praise
WASHINGTON — A recent move by the acting U.S. EPA administrator to reverse his predecessor’s order on an Obama-era rule on glider kits for trucks earned him praise from the top Democrat on the Senate Environment and Public Works Committee.
August 1, 2018ATRI’s Updated Crash Predictor Model Sheds Light on Driver Behavior
Violations for reckless driving and failure to yield right of way are the top two behaviors for predicting future crash involvement, according to analysis yielded from the American Transportation Research Institute’s updated Crash Predictor Model.
August 1, 2018New Jersey DOT Announces $47 Million for County Bridge Maintenance Projects
The New Jersey Department of Transportation announced July 31 that more than $47 million in grants has been issued for county bridge maintenance projects.
August 1, 2018US Construction Spending Fell 1.1% in June
WASHINGTON — Spending on U.S. construction projects fell 1.1% in June, the biggest decline in more than a year as spending on public construction dropped at the highest rate in more than five years.
August 1, 2018