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
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
"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.
Dow turns lower after U.S. manufacturing PMI came in at the lowest level since June 2009 and construction spending grew less than expected
Even more interesting, our December Construction Equipment sales were up sharply; Evidence of Govt. infra spending gaining ground (2/3)