04262018Thu
Last updateThu, 26 Apr 2018 2pm

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Stimulus Report Card: Some Hits, Some Misses

President Obama declared last month that his $787 billion stimulus bill was "starting to work," citing the funding of roughly 2,000 transportation projects that will help create or save 150,000 jobs from New Jersey to California by the end of next year.

In all, President Obama has said the recovery plan will lead to the creation or salvation of more than 3 million jobs "all across the country" and jumpstart the economy.

Source: FOX News

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Construction Starts Drop 3% in April

Reed Construction Data announced that the year-to-date value of construction starts through April 2009, excluding residential contracts, totaled $75.7 billion, 3.4% less than in the same period in 2008. Starts fell 8% from March and were 38% below last December. The volume decline is greater than 38% because bid prices have inched lower and April is typically a seasonally stronger month than December.

Source: Reed Construction Data

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Energy's Growth Mantra Fuels Risks

The oil-and-gas sector needs a dose of tough love. Without it, any share-price rallies are likely to be short-lived.

A maxim of the industry is that the cure for low energy prices is low energy prices. When oil and natural-gas prices collapse, this should cause producers to rein in investment, thereby balancing the market and raising prices.

Source: Wall Street Journal

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High Growth Reported for the Nuclear Energy Technologies Worldwide

Manufacturers of nuclear reactor components are entering a pivotal period as the new global landscape of global nuclear energy production takes shape. Nations committed to constructing next-generation nuclear facilities that leverage the latest technology will depend on manufacturers to provide high quality products that foster a safe, secure, and enduring environment for nuclear energy production.

Source: SBI

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Sun Sets on BP’s Solar Hopes

Solar power will not be able to compete with conventional energy until there is a breakthrough in the technology, BP’s chief executive has said, in a further sign of the company’s move away from renewables towards oil and gas.

BP has invested hundreds of millions of dollars in making solar cells and components, but in the past six months it has been closing factories around the world, and announced a sharp cut in its investment in alternative energies, such as solar, from $1.4bn last year to $1bn (£658m) this year.

Source: Financial Times

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