Sep 07
Investors not only returned to a shortened trading week after the Labor Day holiday on Monday, but also to a bruising on global stock markets, at least for those with long equity positions. Read all about this in my weekly review, highlighting some thought-provoking news items and quotes from market commentators during the past week.
Sep 07
The collapse of a major bridge in Minneapolis last August opened the nation to a serious problem. Most bridges have a 50-year lifespan, and the average bridge has been in use for 43 years. As you might expect, many are in a state of disrepair. The Federal Highway Administration says 152,000 of the nation’s 600,000 bridges (1 in 4) need major repairs or must be replaced. The price tag: $140 billion. Other infrastructure also needs a tune-up. Upgrading the nation’s 3,500 unsafe dams will cost $