Updates / Transportation & Infrastructure


By / 1.14.2015

Here are some staggering statistics: Since 2006, state and local real investment in highways and streets has fallen by 22%.  Their spending on sewer systems, in real terms, is also down by 22%. And real investment by state and local governments in water systems has fallen by a stunning 34% (chart below). Meanwhile, over the […]

By / 3.26.2014

With the federal government in gridlock, cities step into the breach. Welcome to New Orleans, city of the future. Wait, New Orleans? The decadent old tourist trap that’s been trading on its fading cultural glories for decades? That’s right – the Crescent City has its mojo working again. Since the ravages of Hurricane Katrina, the […]

By / 2.27.2014

President Obama’s new budget proposes a bold, $300-billion push to modernize the nation’s aging and inadequate transportation systems over the next four years. Here at last is a call for action on the scale we need to get the U.S. economy out of its slow growth rut and back on a high-growth path.  Two generations of […]

By / 1.30.2014

On Tuesday, President Obama’s State of the Union address touched briefly on the all-of-the-above energy strategy that his administration has made a priority for the past few years. However, one thing missing from his remarks about energy was nuclear power. Nuclear energy production must remain an important component of any successful U.S. energy strategy and […]

By / 9.30.2013

Thanks to massive budget and deficit cutting, government investment is free-falling off a cliff. Net real government investment – by federal, state, and local governments after depreciation and adjusting for inflation – was just $91 billion in the first half of 2013. This is less than half of what it was when the recovery began […]

By / 9.20.2013

In our newest report, “U.S. Investment Heroes of 2013: The Companies Betting on America’s Future,” we highlight the top U.S. Investment Heroes of 2013, as ranked by their U.S. investment. PPI’s ranking of U.S. Investment Heroes for 2013 is led by AT&T, which invested almost $20 billion in the U.S. in 2012. The top five […]

By / 7.29.2013

While I was waiting for my plane at Heathrow on Sunday, I spent a bit of time looking through BEA statistics on investment spending by industry. (That activity may sound remarkably dull and boring, but remember I read stuff like this so you don’t). I put this together this little table showing which industries invested […]

By / 7.19.2013

For many progressives, “getting the Internet right” means addressing what they see as undue market power in the provision of broadband and, even more so, the potential for the abuse of that market power, as the Internet is seen as a landmark tool for social and political empowerment. Crafting a progressive broadband agenda that protects […]

By / 4.19.2013

President Obama’s new budget attempts to define a progressive alternative to conservative demands for a politics of austerity. Having just returned from a gathering of center-left parties in Copenhagen, I can report that European progressives are wrestling with the same challenge, and are reaching similar conclusions. There was wide agreement that the wrong answer is […]

By / 11.8.2012

The economy is improving, but the U.S. is still struggling with an investment drought. Capital spending by business is 26% below the long-term trend, and has not yet recovered to pre-recession levels. By comparison, personal consumption has topped its pre-recession levels, and is much closer to the long-term trend. Against that backdrop, it is notable […]