Federal Reserve Board governor Susan Bies points to improved corporate balance sheets and the low federal funds rate among the factors that have the economy in a good place. Bies said, however, the labor market remains a thorn in the economy's side.
The mechanical contractor worked closely with the GC and other trade workers to complete the $50 million nanotechnology center at Cornell University. Contractors McCarthy Building and Welliver McGuire were careful to establish strict clean environment rules to protect the space and the workers.
With its new condominium and retail complex planned, MDM Development Group is betting Miami's downtown will continue as the city's new hot place to live. Construction is slated to begin soon on a pair of condominium towers on what is now parking lots in the downtown section, and MDM hopes to begin construction on its Met Square project next summer.
Green buildings may cost more to construct, but environmentally-friendly building practices save 10 times the initial cost over time, according to a California building task force's study. The report also found that the most cost-effective designs integrated practices such as environmentally-friendly locations, building materials and energy components from the beginning of the planning process.
American CEOs talked about the economic recovery at a meeting of the Business Council held in White Sulphur Springs, W.Va. This special video presentation contains interviews with heads of the largest U.S. companies.