U.S. President Donald Trump speaks during a strategic and policy CEO discussion as Secretary of Transportation Elaine Chao and CEO of Blackstone Stephen Schwarzman listen in the Eisenhower Execution Office Building in Washington adidas stan smith shoes uk , the United States, April 11, 2017. (XinhuaREUTERS)
By Matthew Rusling
WASHINGTON, April 11 (Xinhua) -- U.S. President Donald Trump is pushing for a massive infrastructure revamp to create more jobs, but it could increase U.S. debt and inflationary pressure as well adidas superstar supercolor uk , experts said.
Trump laid out earlier this month the case for a massive spending bill to improve and renew U.S. infrastructure, which is outdated in some areas of the nation.
Trump's supporters elected him on his promises that he would revitalize the still sluggish U.S. economy through his proposed "great rebuilding" project.
While the official U.S. jobless rate is low, but the figure calculates only those who are actively looking for full-time work. In fact, millions of Americans -- especially in rural areas -- have given up the job search due to their dim prospects.
Desmond Lachman, a resident fellow at the American Enterprise Institute adidas superstar 2 uk , told Xinhua that the plan will boost employment, especially in the construction sector, and will bring back into the work force at least some workers who are discouraged from seeking work.
"That's the good news. But the bad news is that Trump's massive building project is also likely to add to inflationary pressures on the labor market," Lachman added.
Moreover, Trump's plan could add to the already huge U.S. debt. And because of that adidas superstar slip on uk , the plan should not be viewed in isolation. Rather, it should be seen together with the large unfunded tax cuts that Trump is proposing and with the proposed increases in defense spending, Lachman said.
This is almost certainly going to cause the U.S. budget deficit to widen, especially if Trump's optimistic assumptions about faster economic growth do not materialize, Lachman said.
"All of this could be damaging for both the U.S. and the global economies adidas superstar foundation uk , since it is bound to force the Fed to raise interest rates at a faster rate in order to contain inflation. That in turn is likely to lead to further dollar strength, which will damage the U.S. trade position," he said.
"There can be no doubt that the U.S. economy could benefit from increased infrastructure spending. However, for such spending to be effective it needs to be properly financed with increased tax revenues," Lachman said.
But other experts do not believe Trump's rebuilding plan will have the desired impact.
Barry Bosworth adidas superstar pride pack uk , an economist at the Brookings Institution, told Xinhua that there is no fiscal space for a large stimulus program, adding that he believes the time for fiscal policy has passed.
U.S. media has been hard on Trump on a number of issues, but there are some positive signs, such as a stock market uptick on investor hopes that Trump will cut burdensome regulation that hampered the economy under former President Back Obama.
Diane Swonk adidas superstar 80s uk , a veteran economist who is now independent, said that stock market investors have high hopes for the U.S. economy, and are encouraged not only by Trump's infrastructure promises, but also have hopes for cutting bureaucratic red tape and cutting taxes.
"We have yet to see meat on the bones beyond executive orders... The key will be for it to be realized," she told Xinhua.
The good news is that the U.S. economy is getting better adidas neo shoes uk , though many investors have not considered possible effects of higher inflation and interest rates, she said.
NAIROBI, March 29 (Xinhua) -- Kenya and China Communications Construction Company (CCCC) has signed an agreement for the construction of the Standard Gauge Railway (SGR) line from Naivasha in northwest Kenya to Malaba in western Kenya.
A statement from the Kenya Railways Corporation (KRC) received on Tuesday said the Chinese firm will develop Naivasha-KisumuMalaba SGR project, Kisumu Port and the Inland Container Depot at a total cost of 5.3 billion U.S. dollars.
"The government has secured a loan from Chinese government to support the development of Phase 2A (Nairobi-Naivasha) and construction will commence in 2016. The total contract price for this section is 1.5 billion dollars," Kenya Railways said.
The Commercial Contract for the construction of Phase 2A of the Nairobi - Naivasha SGR was signed by CCCC in September 2015.
China agreed to fund the first phase of a standard gauge railway line linking the East African nation's port city of Mombasa to Uganda www.superstarshoesuksale.com , Burundi and South Sudan.
Kenya Railways said the four commercial contracts for the development of the four elements of the project include Naivasha-Kisumu, Kisumu-Malaba, Kisumu Port Development and Modernisation and expansion of the Inland Container Depot at Embakasi in Nairobi.
"The signing of these contracts valued at 5.3 billion dollars marks yet another significant milestone regarding the Kenya-China cooperation for the mutual benefit of the peoples of the two countries," it said.
The railway firm said Kenya recognizes the task of developing and efficiently running the project is not a walk in the park and has initiated a training programme to build capacity and equip Kenyans with the necessary skills required to build the rest of the network and subsequently operate it efficiently.
RIO DE JANEIRO, June 14 (Xinhua) -- Following their 5-1 win over Spain in Salvador the Netherlands returned to the Rio de Janeiro training pitch on Saturday.
All 23 players entered the pitch adidas superstar shoes uk , but the starting line-up of the opening match in Group B only did some athletic exercises for hardly half an hour. The other twelve players participated in shooting work and played a match against each other.
Daley Blind, who gave assists to the first goal by Robin van Persie, only did . Fabio Coentrao Portugal Jersey Laurent Koscielny France Jersey Jonjo Shelvey England Jersey Ivan Strinic Croatia Jersey Guillermo Celis Colombia Jersey Pele Brazil Jersey Nicolas Lombaerts Belgium Jersey Marcos Rojo Argentina Jersey Jorge Fucile Uruguay Jersey Yann Sommer Switzerland Jersey