We allowed the nay sayers, the corporate entities, which are not beings, who funded the stop in innovation to alternatives and the advancing technologies for their own bottom lines in the already used energy sources, lock the brakes on the once advancing new economic growth some forty years back. They're still the same today only using different excuses in the denial the now reality of the damage done and the course we once led the world in and were envied for, forward.
Aug 11, 2011 - As the United States comes to terms with its recent credit downgrade by the ratings agency Standard & Poor's, green job creation is now being seen as one way for the nation to try and pull itself out of the continuing recession.
If governments can assist green jobs growth by helping find crucial funding for green technologies at key stages of their development, it is believed that sustainable, clean technologies could grow at an even faster rate.
This would be good news for the US economy, as well as green investors across the world, in a week that has seen ratings agency Standard & Poor's downgrade the US government's sovereign credit rating to AA+ from the AAA rating and more than US$4 trillion (Dh14.69tr) wiped off world markets.
The downgrade will not only add billions to the US government's interest bill but also further damage to the US economy's already tarnished image. It puts the US credit rating below those of about a dozen countries including the United Kingdom and Australia.
With many traditional manufacturing industries now drastically weakened by foreign competition and no clear end of the current recession in sight, the US is desperate to stimulate employment. read more>>>
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