Arresting India’s Downturn – Wall Street Journal

Consider the evidence that has emerged in the last few months. Auto and retail sales are moderating, while fixed investment and construction spending have been poor. Growth for new investment orders received by engineering and construction companies has …

http://online.wsj.com/article/SB10001424053111903327904576523680387727392.html

Construction Spending Hits A 5-Year Low – Wall Street Journal

Construction spending in New York City dropped 12% last year, falling to its lowest level since 2005, according to a new report. Builders cut back on residential housing and office buildings even as the city’s economy slowly began adding jobs again. Part …

http://online.wsj.com/article/SB10001424052748704099704576289422942517408.html

Bernanke’s Prognosis & Prescription for State, Local Governments – Wall Street Journal

Use capital budgets to “smooth” spending over good times and bad. “In particular, maintaining or even increasing the pace of construction spending when the economy is weak could add valuable infrastructure and provide local jobs; it may even allow a …

http://blogs.wsj.com/economics/2011/03/03/bernankes-prognosis-prescription-for-state-local-governments/