By Shuli Ren Bloomberg Sun., Aug. 26, 2018 Build, baby, build. Infrastructure spending in China is heating up again. But this time, the government wants help. Beijing entered the year with a tough stance on debt, tightening its purse strings to head off the risk of a Minsky moment. The Ministry of Finance lowered its fiscal deficit target to 2.6 per cent of gross domestic product, the first cut since 2013, and went so far as to halt all government-funded work in Xinjiang, an area bigger than France. As a result, infrastructure growth ground to a halt, dragging on the economy’s expansion. Public private partnerships, or PPP, in which private firms co-invest with local governments to build and operate public facilities, are making a comeback. Until recently, Beijing had been cracking down on these partnerships, shelving projects worth about 2.4 trillion yuan ($459 billion) since November. The downward trend stopped in June. If anyone doubts the ministry’s … [Read more...] about Grab a shovel, China’s ready to start building again
Starting running again
Denver Post Broncos writer Ryan O’Halloran posts his Broncos Mailbag weekly during the season. You can pose a Broncos- or NFL-related question for the Broncos Mailbag here. Follow Ryan for more daily updates on Twitter. Ryan, what do you envision as the split for touches in the backfield: 50/50 for Royce Freeman and Devontae Booker? Is it only a matter of time before Freeman takes the job and runs with it? — Jeff, Alamosa I don’t envision a 50-50 split, but I agree with you that it’s a matter of weeks until Freeman takes over the main tailback role. The Broncos may start Booker as a semi-ceremonial nod against Seattle, but Freeman – with two touchdowns in two preseason games – has exhibited the kind of running style (can make a guy miss in the open field and can navigate his way in short-yardage situations) that should make him the No. 1. I do think Booker can carve out a third-down role, though. What win-loss record during the regular season could … [Read more...] about Broncos Mailbag: Royce Freeman or Devontae Booker — who’s Denver’s starting running back?
Updated 11:47 pm, Wednesday, June 27, 2018 Photo: Mark Henle, AP Image 1of/1 CaptionClose Image 1 of 1 FILE - In this June 14, 2018, file photo, Don Shooter testifies during a hearing in Maricopa County Superior Court in Phoenix. Shooter, the first state lawmaker in the nation to be first kicked out of office amid sexual misconduct claims since the #MeToo movement started, can run for state Senate, the Arizona Supreme Court ruled Wednesday, June 27. (Mark Henle/The Arizona Republic via AP, Pool, File) less FILE - In this June 14, 2018, file photo, Don Shooter testifies during a hearing in Maricopa County Superior Court in Phoenix. Shooter, the first state lawmaker in the nation to be first kicked out of office ... more Photo: Mark Henle, AP Court: Arizona lawmaker kicked out amid #MeToo can run again 1 / 1 Back to Gallery … [Read more...] about Court: Arizona lawmaker kicked out amid #MeToo can run again
PUBLISHED: 14:46 19 June 2018 Jason Butler of NW Brown. Picture: NW Brown. Archant Will Rolls Royce’s biggest transformation plan in nearly 20 years pay off, asks Jason Butler of NW Brown. Chief executive Warren East said an overcomplicated way of working was holding the 112-year-old engineering giant back, and a A six-month review revealed unnecessary complexities in processes and a lack of accountability and cost-awareness throughout the business. As a result, Mr East has announced that he will be implementing further restructuring in the business. He had already announced plans to consolidate the company into three focused business units - civil aerospace, defence and power systems, as opposed to the current five-unit structure. This is designed to remove management duplication, with each unit having more autonomy. Some 4,600 back office and middle-management jobs will be cut over the next two years, about two-thirds in the UK headquarters in Derby. The company needs … [Read more...] about Jason Butler of NW Brown: Will fresh cuts at Rolls Royce get the engine running again?
Scott Bauer, Associated Press Updated 3:35 pm, Wednesday, May 30, 2018 Photo: M.P. KING, AP Image 1of/1 CaptionClose Image 1 of 1 FILE- In this Nov. 11, 2013 file photo, Wisconsin Supreme Court chief justice Shirley Abrahamson questions state attorney general J.B. Van Hollen, during arguments in Madison Teachers Inc. vs. Scott Walker, in the Wisconsin Supreme Court at the state Capitol in Madison, Wis. Abrahamson, 84, the longest-serving Wisconsin Supreme Court justice in state history and the first woman to serve on the high court, said Wednesday, May 30, 2018, that she will not seek re-election next year, setting up a wide open race to replace her. (M.P. King /Wisconsin State Journal via AP, Pool, File) less FILE- In this Nov. 11, 2013 file photo, Wisconsin Supreme Court chief justice Shirley Abrahamson questions state attorney general J.B. Van Hollen, during arguments in Madison Teachers Inc. vs. … [Read more...] about Wisconsin Supreme Court Justice Abrahamson won’t run again