Word: shovels
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...Consider: almost half of China's $585 billion economic-stimulus program, announced last November to much fanfare, is earmarked for infrastructure spending on railroads, highways and power grids. Another 25% will go to reconstruct entire towns in Sichuan province that were devastated by last year's earthquake. These are "shovel-ready" infrastructure projects, and financial markets rallied on March 4 partly due to expectations - unfounded, as it turned out - that Chinese Premier Wen Jiabao would unveil a second round of stimulus measures on March 5 during the opening of China's annual National Party Congress in Beijing. (See pictures from...
...Boylston with bronzes of Prestige and Mobility writers Vinnie and Danny. Although Our Queen Drew Faust may want to cut and run from Allston, our real president has urged us to stimulate the Obamaconomy and raise America’s GNH (Gross National Hope). We have an Obamananza of shovel-ready projects specifically for Allston that will address the real needs of Harvard undergraduates, as Prestige and Mobility have seen them since the Obamanauguration. Our Queen Drew Faust must heed the call of our Commander-in-Chief and take arms against custodial layoffs, Allston resident oppression, the lack of fresh...
...announcement yesterday morning to the Greater Boston Chamber of Commerce, Massachusetts Gov. Deval L. Patrick ’78 said that the stimulus package will give the state $6 to $9 billion over the next two years. Throughout the state, towns and cities have submitted thousands of shovel-ready projects—immediately actionable proposals—in the hopes of receiving funding from the stimulus package, and Cambridge was no different. According to City Councillor Craig A. Kelley, Cambridge has a large list of projects that require funding—including street work, sewer reconstruction, and a renovation...
...economic free fall is causing budget difficulties in other states, but California faces the deepest crisis. With the budget talks stalled, Schwarzenegger sent layoff notices to 10,000 state workers and ordered a halt to the last 275 state-funded public-works projects still under construction. Call it shovel-ready in reverse...
...Still, further delay was increasingly difficult to justify. With the country's economy slowing, an upgrade of cellular networks is a way to stimulate growth. "These are exactly the kind of shovel-ready projects that [China] can start work on today, where the money you spend has an immediate impact on jobs," says the executive. Beijing officials have said they expect spending to upgrade networks will add between 0.5 and 1 percentage point to the country's GDP growth...