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...some Catholic priest.” The problem is pervasive, said Flyvbjerg. Boston’s Big Dig—a 16-year project that spent an estimated $22 billion on a 3.5 mile highway beneath the city—was one of the nation’s largest and most expensive megaprojects, said Flyvbjerg, resulting in a 224 percent cost overrun. And construction of the Chunnel, a tunnel connecting Britain and France under the English Channel, caused such high cost overruns that the British economy may have been better off without it, he said. Flyvbjerg recommended that planners adjust...
...federal spending spree is rapidly driving the federal deficit to record heights. For the fiscal year ending Sept. 30, the gap between revenue collected by the government vs. what it spent was already lofty at $455 billion - an amount equal to nearly 7% of GDP, making it the largest deficit since the end of World...
...works—worth nearly $200 million, according to the New York Times—include works by Pablo Picasso, sculptor Constantin Brâncusi, surrealist painter Joan Miró and 22 other artists, and together with the $45 million, mark the largest gift in the Museum’s history...
...Florida Republican Party Chairman Jim Greer felt compelled to convene a meeting of the party's state leadership in Tallahassee earlier this month to regroup. Sources say it yielded few solutions. A big GOP headache is Florida's ultra-fluid demographics. The state has one of the nation's largest hoards of independent voters, almost one-fifth of the electorate, EMS, and the centrist trend is creeping into once solid GOP bastions like Sarasota. Crossover Republicans like Geyer are news; but Sarasota Democrats can be just as averse to straight-ticket life. David Grain, 46, an African-American Democrat...
...Vice Presidential-nominee Geraldine Ferraro. By the time the dinner rolled along, tensions between the Catholic Church and the Democratic Party had become so strained that the Democratic nominee Walter Mondale simply skipped the event. Reagan attended alone and, on Election Day, captured 61% of Catholic voters, the largest share that any Republican presidential candidate had ever earned. No GOP candidate has matched it since...