Capitol Update 10/3/2022
JPMorgan model shows 92% chance of recession A trading model developed by JPMorgan Chase strategists indicates a recession is inevitable. The model shows a 6.5% loss on the S&P 500 since the Federal Reserve’s latest interest-rate increase translates to a 92% probability of a recession, … read more
CAPITOL UPDATE 9/19/2022
Tentative deal reached to avoid rail strike President Joe Biden has announced a tentative deal between railroads and labor unions to avoid a strike. “For the American people, the hard work done to reach this tentative agreement means that our economy can avert the significant … read more
Capitol Update 9/12/2022
Feds won’t enforce contractor COVID-19 vaccine mandate The Biden administration will not enforce its mandate for federal contractors to be vaccinated against COVID-19, despite a recent ruling which blocked a previous injunction against it in half the states. According to a post on the General … read more
Capitol Update 8/29/2022
State Water Resources Control Board Construction Stormwater Permit The State Water Resources Control Board Construction Stormwater Program has posted the August 9, 2022 Construction Stormwater General Permit Reissuance public workshop presentation and video recording under the “Past Meetings” section of the NPDES Construction Stormwater General Permit … read more
Capitol Update 8/22/2022
Women Are Smashing the Construction Industry’s Concrete Ceiling as Labor Shortages Leave a Void Andi Dirkschneider negotiates multimillion-dollar land purchase loans for her family’s homebuilding business. Sellers sometimes call her “honey” and ask to speak to the man in charge. “I tell them, ‘I am … read more