The fundamental challenge in this recession is that the growth that preceded it was a mirage. Bubble era borrowing created a network of financial jobs, real estate jobs and construction jobs that collapsed with the end of the bubble. Many of those jobs will never return.
An extremely high proportion (75%) of job losses in this recession are permanent rather than temporary. States will need to nurture completely new industry sectors and the infrastructure to support those jobs, while the jobless will need retraining in new skills to participate in those sectors.
Implementing more robust, or strengthening, state green building
standards in new construction projects and renovations can help reduce
the impact buildings have on our environment. Green building or
sustainable building focuses on increasing the efficiency of resource
use — energy, water, and materials — while reducing building impacts on
human health and the environment during the building's life cycle,
through better design, construction, and operation.
The debate over clean energy is ripping open divisions in conservative
business lobbies. Debate on federal climate change legislation has led
an increasing number of businesses to leave the Chamber of Commerce,
the National Association of Manufacturers, and other business
associations because of those organizations' stances against
recognizing the scientific validity of climate change. The revolt has
been growing ever since a senior Chamber official called for a "Scopes monkey trial of the 21st century" to evaluate evidence of global warming.
According to The Wall Street Journal, "Fed and Treasury
officials have identified the disease. It's called de-leveraging, or
the unwinding of debt. During the credit boom, financial institutions
and American households took on too much debt." But let's not buy into a false equivalence of "financial
institutions" and those "American households" borrowing beyond their