infrastructure and water conundrums. As nations suchas China and Australia are outstripping the US in terms of waterwaste management and infrastructure funding, there needs to be asocial, financial and political reformation to move forward quicklyto make up lost ground and, eventually, keep pace with the rest ofthe world and our country's structural demands. GlobeSt.com caughtup with Ernst & Young's Global Real Estate Leader Howard Rothat ULI's Spring Session 2010 to discuss what the US has to do topull itself back from the brink.

GlobeSt.com: So the US has fallen behind the rest of theworld in infrastructure. What should we be doing? What can we bedoing?

Howard Roth: Well, there's a number of things laid out inthe report, but I think there are two main things. Theestablishment of a National Infrastructure bank. Right noweverything is being funded state by state. We need a mechanism toset policy, prioritize projects and find ways to attract privatecapital. There are public-private partnerships, but very little.There are mechanisms in Europe which aligns capital, servicesgovernment investors, policy, but that's just not the case in theUS.