May 14 (Bloomberg) -- President Obama visits New York today where a new replacement bridge is being built for the Tappan Zee. It's part of an effort by the president to get more spending for bridges and infrastructure. The Tappan Zee's replacement will be built with the help of what is said to be the world's largest floating crane.
Here's a look at the monster crane, and it's journey to New York. (First posted Feb. 27)
47:46 - Kyle Bass, the hedge fund manager who successfully bet against mortgages during the subprime crisis, said China’s banking system may see losses of more than four times those suffered by U.S. banks during the last crisis. Elga Bartsch, Morgan Stanley’s co-chief global economist, told Bloomberg’s Manus Cranny and Anna Edwards on “Countdown” she thinks the Chinese economy is strong enough to withstand any losses accumulated in the financial system.
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