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The torrent of money flowing here after Hurricane Katrina has gone for projects small and grand, from $63,000 to the St . Theodore Holy Family Catholic Schoolin Lake Charles and $96,000 for the Louisiana School for the Deaf in Baton Rouge to $11 million to the public housing authority in New Orleans and $160 million for the city's sewer and water board.
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The same goes for projects that Facebook is donating to larger organizations like the Open Compute Project.
The trend, however, has been to go for project finance rather than investments in smallish companies.Med revivalThe falling away of the countries on the Mediterranean's southern and eastern shores from their European neighbours has been sad and wasteful.
The government has passed $230 billion in supplementary budgets for reconstruction since the March 11 tsunami, most of which has gone for rebuilding projects.
Past grants have gone for capital projects, like signs congratulating high school athletic teams for successful seasons, a fire department monument, permanent playground equipment for schools, and road and sidewalk improvements.
European countries have gone for passenger rail projects with gusto.
From each nickel consumers pay for a bag, a penny goes to the store and 4 cents goes for restoration projects.
Much of the new NIH funding would go for specific projects.
Worse, when we do spend, we skimp on "boring" maintenance (the backlog is now $3.6 trillion) and go for flashy projects with great ribbon-cutting appeal but little effect on traffic jams.
In addition, if you are going for a project-based contract, be aware of the stage the project is in.
But Williams said he's still not ready to declare the project gone for good.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com