Jim Watts

Recent Stories From this Author

Schumer: Final Highway Bill Will Protect Transit Funding
December 1, 2015 The conference committee on the transportation bill revived a transit funding program aimed at congested urban areas.

New Highway Bill Provides Five Years of Funding
December 1, 2015 The transportation conference committee on Tuesday reported a five-year bill that provides $305 billion of federal funding.

Clinton Proposes $275 Billion Infrastructure Plan With Bank, BABs
November 30, 2015 Democratic presidential contender Hillary Clinton proposed $275 billion of new federal infrastructure funding at a campaign...

Foxx Expects Highway Bill for Christmas
November 25, 2015 Transportation Secretary Anthony Foxx said he expects Congress to agree on a multiyear highway bill by Christmas.

Virginia Extends Existing P3 to Toll I-395 HOV Lanes
November 24, 2015 Existing P3 arrangement will be expanded by Virginia to include tolls on high-occupancy interstate highway lanes near...

Long-Term Highway Bill Ready Next Week, Lawmakers Say
November 23, 2015 A compromise measure reconciling House and Senate transportation funding bills could be ready for action next week.

P3 Success Dependent on Public Awareness, Political Support
November 20, 2015 Managing a successful transportation P3 requires political support and public approval from the beginning of the process,...

States Finding Own Roads to Highway Funding
November 19, 2015 Legislative gridlock in Congress over long-term transportation funding is causing problems for the states.

Senate to Take Up Transportation Appropriations Bill
November 17, 2015 The Senate will consider a House-approved transportation appropriations bill that keeps fiscal 2016 highway funding at fiscal...

Feds Fund Maryland Maglev Rail Study
November 10, 2015 Maryland gets $27.9 million grant to study a 40-mile magnetic levitation train route expected to cost $10 billion.

Career Zone


New York State Assemblyman Phillip Goldfeder, D-Queens, examines outer-borough growth and transit needs in New York City, as well as efforts to harden its water-exposed neighborhoods.

The notion of option-adjusted spread (OAS) is the standard analytical tool for taxable fixed income securities. It is also making inroads into the muni market. Unfortunately the usual implementation for munis is flawed, rendering the results virtually meaningless. So it is understandable that many muni professionals shy away from OAS in favor of the archaic ‘yield-to-worst’ approach. Correct implementation would undoubtedly attract converts.

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