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“Construction of new government buildings and wasteful and excessive spending will be strictly prohibited”, says China of its COVID-era approach to public finance. Meanwhile, in India, @narendramodi ’s Central Vista white elephant marches ahead

China’s spending on R&D reached 2.17 trillion yuan in 2019, accounting for 2.19% of the nation’s GDP, setting new progress in innovative country construction: Science and Technology Minister

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Deutsche Bank 1/2: German GDP fell by 2.2% in Q1 (-1.9% yoy) – Q2 will be much worse. Private consumption and investment in machinery and equipment slumped. Government spending and construction stabilized. Both exports and imports took a beating.

Update: Minnesota lawmakers failed to reach agreement on a major construction package, a tax relief and spending on economic aid during the COVID-19 pandemic as an end-of-session deadline passed Sunday night.

#Breaking  DC 3/ Big hit to multi-year capital spending projects totaling $1 billion. NO cuts to school construction or DDOT roads, alleys etc. Most others delayed more than a year or more. @kojoshow  @wcp 

Late last night: Minnesota lawmakers failed to reach agreement on a major construction package, tax relief and spending on economic aid during the COVID-19 pandemic as an end-of-session deadline passed.

Good news for the U.S. -> “Construction is planned to start in 2021 with production targeted to begin in 2024. TSMC’s total spending on this project, including capital expenditure, will be approximately US$12 billion from 2021 to 2029.” $TSM

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"Berkeley County is looking at spending about $40 million to expand its jail. But construction is just a fraction of the cost of running a jail over time," our editorial board writes.

US construction spending increases 0.9% in March

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#UPDATE Peru opposition leader Keiko Fujimori is released from prison after spending 13 months in pre-trial detention in a corruption case linked to Brazilian construction giant Odebrecht

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Dow turns lower after U.S. manufacturing PMI came in at the lowest level since June 2009 and construction spending grew less than expected

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The Pentagon plans to divert $3.6 billion in funds from military construction projects to the border wall as part of President Trump’s efforts to bypass Congress and redirect spending to his signature campaign promise

"Hey, girl -- want to have a public one-hour discussion on the intricacies of trade policy, deficit spending, and the value of the profit motive? I'll even donate a bunch of money to charity or your campaign to make it happen." -- Construction worker in Queens, apparently

President can get $4.5 billion for border wall without having to use emergency declaration to take money from badly needed military construction: - $1.375 billion from spending bill - $601 million from Treasury Forfeiture Fund; - $2.5 billion from DOD Counterdrug fund

Even more interesting, our December Construction Equipment sales were up sharply; Evidence of Govt. infra spending gaining ground (2/3)

Media Blackout: White House sent their spending report to Congress “Instead of taking his salary, Trump donated all $400,000 to the Department of the Interior where it will be used for construction and repair needs at military cemeteries” Thank you ??❤️??

US economy grew at solid 2.6 percent rate in the final three months of last year, boosted by best consumer spending since 2016 and a big rebound in home construction.

Gov't spending pkg incluces $1.5b for border security. Includes surveillance technology. But language barring new wall construction

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