Archive for the ‘Funds’ Category

One of the great things about our job is that we get to read all about cars. And, often, some of the peripheral topics too. Like bridges.

In fact, we get to read things like Better Roads magazine, which serves "governments and construction contractors involved in...highway, road and bridge construction, winter maintenance, roadside and vegetation management and other highway-related projects." Vegetation management, woohoo!

The magazine has just released its annual survey of America's bridges. And the news is, errrr, not good.

A "shockingly high number"--25.7 percent--of America's 598,000 bridges are  either structurally deficient or...

In a result that surprises no one but ought to shock us all, a congressional panel has released findings that tens of billions of dollars of the U.S. government's bailout of the auto industry won't be repaid.

The report, undertaken by the Congressional Oversight Panel, says that about $5.4 billion of the money borrowed by Chrysler won't be repaid, and it is "highly unlikely" that the government's 61% stake in General Motors will fully repay the $50 billion in funds the company received.

Not all of the money has disappeared, however. Chrysler is good for just over $5 billion of the funds lent, and as long as GM's stock improves in value,...