Word: techs
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...answer, Jones writes in his book, is the creation of green-collar jobs that provide working-class employment, shield America from rising fossil fuel prices and stem carbon emissions. These are not the high-tech, high-education "George Jetson" jobs, as Jones puts it, that were created by the Internet and biotech booms. Green-collar jobs include manufacturing solar panels, insulating green homes, servicing wind turbines. These are jobs that can be filled by blue-collar workers who need jobs - and they help the environment to boot. "You can put the country back to work with green solutions that...
...that to happen, however, we need serious government policy: smart subsidies for alternative energy and green building, retraining for green-collar jobs, more research money for clean tech - and hopefully a tax on carbon. Both Presidential candidates have gestured at this - though Sen. Barack Obama, who has pledged to spend $150 billion over 10 years on clean tech, is ready to do more...
...stories by Yiyun Li that focus on three generations of Chinese natives now living in America. Prayers, which was released in select art houses in September, tells the tale of an elderly father visiting his divorced daughter in America. Princess leaps forward a generation, depicting the challenges confronting a tech-savvy Chinese exchange student in Nebraska who discovers she's pregnant and flees to San Francisco. "I like the idea of a parallel showing of A Thousand Years and Princess," says Wang, who considers the two works "sister films." "In some festivals, they've shown the two films back...
...late week rally is harder to explain. The mini-boost has been accredited to better than expected quarterly results from tech companies like IBM and Google. Yet that good news Thursday coincided with figures showing that American industrial production in September dropped by 2.8% - the steepest fall since December, 1974. That came on the heels of statistics showing all-important consumer spending in the U.S. had tightened more than forecast. Meanwhile, despite government rescue plans and central bank rate cuts, there is little sign so far that frozen credit flows are thawing fast enough to get badly needed funds moving...
...Here The troubles we now face were caused largely by the combination of deregulation and low interest rates. After the collapse of the tech bubble, the economy needed a stimulus. But the Bush tax cuts didn't provide much stimulus to the economy. This put the burden of keeping the economy going on the Fed, and it responded by flooding the economy with liquidity. Under normal circumstances, it's fine to have money sloshing around in the system, since that helps the economy grow. But the economy had already overinvested, and so the extra money wasn't put to productive...