Berliner Boersenzeitung - At collapsed bridge, Biden envisions rebuilding America

EUR -
AED 4.241984
AFN 72.191027
ALL 95.026157
AMD 425.573382
ANG 2.068103
AOA 1060.35179
ARS 1661.267345
AUD 1.645314
AWG 2.08201
AZN 1.960677
BAM 1.95633
BBD 2.327371
BDT 141.838428
BGN 1.928871
BHD 0.43582
BIF 3453.850705
BMD 1.155068
BND 1.487903
BOB 7.985198
BRL 6.004734
BSD 1.155533
BTN 110.087303
BWP 15.692319
BYN 3.180762
BYR 22639.331688
BZD 2.32403
CAD 1.608917
CDF 2628.934477
CHF 0.922093
CLF 0.026897
CLP 1058.642738
CNY 7.822986
CNH 7.830327
COP 4135.154788
CRC 529.943578
CUC 1.155068
CUP 30.6093
CVE 110.296793
CZK 24.16997
DJF 205.766639
DKK 7.474393
DOP 67.418266
DZD 154.287051
EGP 59.857698
ERN 17.326019
ETB 186.29578
FJD 2.562865
FKP 0.862732
GBP 0.86216
GEL 3.060876
GGP 0.862732
GHS 13.461705
GIP 0.862732
GMD 84.319965
GNF 10122.917887
GTQ 8.808386
GYD 241.756546
HKD 9.052429
HNL 30.892905
HRK 7.53243
HTG 151.140949
HUF 355.673124
IDR 20665.320573
ILS 3.428773
IMP 0.862732
INR 110.102457
IQD 1513.810138
IRR 1588420.559225
ISK 143.39061
JEP 0.862732
JMD 182.469437
JOD 0.818886
JPY 185.355485
KES 149.45954
KGS 101.009648
KHR 4650.280033
KMF 493.214155
KPW 1039.393951
KRW 1756.494513
KWD 0.357251
KYD 0.962965
KZT 563.695162
LAK 25445.003976
LBP 103477.78323
LKR 384.800917
LRD 210.307889
LSL 19.145118
LTL 3.410615
LVL 0.698689
LYD 7.376903
MAD 10.700499
MDL 20.111536
MGA 4847.313286
MKD 61.606622
MMK 2424.391891
MNT 4130.85024
MOP 9.327067
MRU 46.204318
MUR 55.293329
MVR 17.856813
MWK 2003.751551
MXN 20.088266
MYR 4.700669
MZN 73.796598
NAD 19.145118
NGN 1572.059584
NIO 42.52152
NOK 10.934278
NPR 176.139484
NZD 1.983609
OMR 0.444117
PAB 1.155518
PEN 3.928864
PGK 5.136392
PHP 70.777937
PKR 321.559488
PLN 4.247589
PYG 7136.995419
QAR 4.213187
RON 5.235578
RSD 117.360632
RUB 82.989819
RWF 1695.166611
SAR 4.336625
SBD 9.293183
SCR 15.29514
SDG 693.620584
SEK 10.956224
SGD 1.485925
SHP 0.862375
SLE 28.472024
SLL 24221.199668
SOS 660.381776
SRD 43.15449
STD 23907.574353
STN 24.507064
SVC 10.110914
SYP 127.672083
SZL 19.140269
THB 38.042744
TJS 10.809835
TMT 4.054288
TND 3.391678
TOP 2.781126
TRY 53.291717
TTD 7.843125
TWD 36.584352
TZS 3026.512485
UAH 52.069507
UGX 4350.253942
USD 1.155068
UYU 46.812683
UZS 13930.015266
VES 654.892562
VND 30401.388267
VUV 138.02171
WST 3.170655
XAF 656.137608
XAG 0.017896
XAU 0.00028
XCD 3.121629
XCG 2.082564
XDR 0.816431
XOF 656.126244
XPF 119.331742
YER 275.656561
ZAR 19.074504
ZMK 10397.006324
ZMW 20.019511
ZWL 371.931406
  • RYCEF

    -0.2300

    16.49

    -1.39%

  • RBGPF

    2.0500

    60.72

    +3.38%

  • CMSC

    -0.0500

    22.26

    -0.22%

  • VOD

    0.3900

    15.06

    +2.59%

  • NGG

    -0.3900

    80.69

    -0.48%

  • BCE

    0.2230

    24.803

    +0.9%

  • GSK

    -0.1950

    51.055

    -0.38%

  • CMSD

    0.0200

    22.3

    +0.09%

  • RIO

    -1.8000

    99.62

    -1.81%

  • RELX

    -0.7300

    34.21

    -2.13%

  • BCC

    -1.1900

    68.82

    -1.73%

  • JRI

    0.1550

    12.875

    +1.2%

  • AZN

    -5.1900

    178.24

    -2.91%

  • BTI

    1.1600

    61.11

    +1.9%

  • BP

    1.0250

    43.695

    +2.35%

At collapsed bridge, Biden envisions rebuilding America
At collapsed bridge, Biden envisions rebuilding America

At collapsed bridge, Biden envisions rebuilding America

A bridge collapse Friday in Pittsburgh provided a symbolic backdrop for President Joe Biden's trip to the city to tout his $1 trillion infrastructure plan -- and try rebuilding his own crumbling approval ratings.

Text size:

Arriving in the gritty city in Pennsylvania -- a key battleground state in presidential elections -- Biden motorcaded straight from Air Force One to the road bridge, which hours earlier had buckled into a snowy ravine.

"There are literally more bridges in Pittsburgh than in any other city in the world," the Democrat pronounced. "And we're going to fix them all. Not a joke -- this is going to be a gigantic change. There's 43,000 nationwide and we're sending the money."

Pittsburgh's public safety authorities tweeted that three people were hospitalized with injuries that were not life threatening. But Biden's visit threw the otherwise minor accident into the national spotlight.

In a speech later, Biden said rebuilding infrastructure, while completing a painful shift from old-school, heavy industry to high-tech jobs, would restore American economic leadership in an increasingly competitive world.

"Right here in Pittsburgh, the future is being built on the foundation of the city’s storied past," he said at a once massive steel mill, which now houses Carnegie Mellon University's Manufacturing Futures Institute -- a hub for research and development.

Flanked by "Building A Better America" signs, Biden said Pittsburgh had lost 100,000 steel jobs between 1970 and 1990 and that he knew "the painful ripple effect it had -- jobs lost, families ripped apart."

His push for investment in semiconductors, electric vehicle technology and other forward-looking products would restore that manufacturing base, he said.

"To build a truly strong economy we need a future that's made in America. That means using products, parts, materials built right here in the United States of America. It means bringing manufacturing back, jobs back, building a supply chain here at home -- not outsourcing abroad," he said.

- Biden's blue collar target -

Entering the second year of his administration, Biden says he hopes trips like this will help relaunch momentum ahead of November midterm elections, where Republicans are currently well poised to win control of Congress.

His speech went through many of the themes that got him elected in 2020, appealing to the blue collar voters whom former president Donald Trump and the Republicans have worked hard to lure from their historic Democratic loyalties.

In a tough first year in office, the infrastructure bill, passed with rare cross-party Republican support, was one of Biden's biggest successes. For years, presidents had failed to get Congress to revamp the sector, while Trump's repeated promises of "infrastructure week" became a running Washington joke.

But Biden has faced heavy setbacks on other priorities, most recently his attempt to get new voting rights guarantees through Congress. He is also embroiled in the standoff with Russia over Ukraine.

Despite signs of a roaring economic comeback from the Covid-19 shutdown, the recovery is proving uneven and inflation is eating into wage increases.

Biden's approval ratings have slipped to around 40 percent, making him as unpopular as Trump.

Reflecting Biden's currently dimmed political star, one important Democrat from Pennsylvania, state Attorney General Josh Shapiro, pointedly kept away from the presidential visit, citing a scheduling conflict.

However, another high profile state official, Lieutenant Governor John Fetterman, did meet with Biden at the bridge site, apparently having resolved his own previously reported scheduling conflict.

For Pittsburgh Mayor Ed Gainey, the Biden visit was certainly welcome -- a chance to home in on the kinds of problems plaguing post-industrial cities across the country, where bridges, highways, water pipes and other basic infrastructure typically have not seen upgrades for decades.

"This is critical that we get this funding and we're glad to have the president coming today," he told CNN.

(P.Werner--BBZ)