Word: constructionism
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Driving around Hornsby Bend, Matous points to a group of half a dozen workmen and says, "We would have laid off all those guys." The construction industry has been brutalized in Austin, as it has been nationally, and by the end of last year, Matous was looking at just a...
To see why that matters, stop by Ringdale, a company in the northern Austin suburb of Georgetown. One of Ringdale's main business lines used to be security systems, but as the construction of new buildings has remained depressed, so have sales of things like the ID-card readers that...
Perhaps the nastiest scandal emerged with a video taken by one of the construction workers at the Olympic site who have gone on strike to demand months of unpaid wages. Posted March 11 on the website blogsochi.ru, the video shows squalid conditions like overflowing latrines, fields of mud, an army...
The problems extend to the construction of the facilities. Sochi is known primarily as a sleepy beach resort on the Black Sea, not a skiing village. So not only will the Russians have to revamp much of the decaying Soviet infrastructure in the area - everything from roads to power lines...
All of this costs money, and with a federal-budget deficit of more than 6% forecast for this year, Russia does not have a lot to spare. Prime Minister Vladimir Putin has pledged an initial outlay of $12 billion from the budget to fund the construction projects, but that is...