Via Michael Roberts' blog America's infrastructure is literally falling apart,according to the American Society of Civil Engineers. http://www.infrastructurereportcard.org/a/#p/home The American Society of Civil Engineers yesterday projected a $1.44tn investment funding gap between 2016 and 2025, warning of a mounting drag on business activity, exports and incomes. Without radical surgery, the decay in tunnels, railways and waterways will cost the US economy nearly $4tn in lost gross domestic product by 2025 as costs rise and productivity is impeded, according to estimates from the ASCE, dragging on a recovery in output that is the shallowest since the end of the second world war. Inadequate infrastructure is far from unique to the US. Public investment has been trending lower as a share of GDP in economies including Japan, Germany and France in recent decades. The debate is being inflamed by a number of scandals involving decaying infrastructure, at a time when...