As highways and streets age and deteriorate, drivers are shelling out more on auto repairs. A variety of studies point to rising maintenance costs that they attribute in large part to poor road conditions. The American Society of Civil Engineers, for example, pegged the price at $324 per driver in 2013, the most recent year available, up from $275 in 2005. TRIP, a transportation research group, has determined that the average American driver spent $516 in 2013 on repairs, depreciation, additional fuel and new tires, up from $355 in 2010.
The US is not alone. Investment in roads and railroads is at a record low as a share of the overall economy among members of the Organization for Economic Cooperation and Development, according to a new report from the group’s International Transport Forum.
Television executives argued for years that the rise of digital advertising would steal dollars away from legacy print institutions, but certainly not the sacred land of TV. That line has been tougher to defend as top marketers pull back money amid sagging ratings.
Much more is highlighted in A Look Around the Nation and the World.