ACCIDENTS Crane-Accident Probe Targets
Nylon Slings A tower crane that collapsed in New York City while being jumped flipped backward,
severely damaging buildings over a two-block area. OSHA announced it now will
release its long-awaited crane-and-derrick rule revisions, probably this summer. Full Story
Cover Photo: AP/Wideworld
1Q COST REPORT Hard Times and High Cost The subprime mortgage crisis is breaking out of the housing market and starting to infect the health of the overall economy and the nonresidential building markets. But the really bad news is inflation may ignore the downturn in demand and strengthen because of increasing energy prices and higher costs of imported materials, such as steel and cement products, due to the weaker dollar.