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Biden Says US on Track to Double Renewable Energy Capacity by 2012

avatar By Jeanne Goddard

27 Aug 2010 42 views
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Biden Says US on Track to Double Renewable Energy Capacity by 2012
Government stimulus spending has put the country on track to double renewable energy production capacity by 2012 and halve solar power costs by 2015, Vice President Joseph Biden said on Tuesday.

Government stimulus spending has put the country on track to double renewable energy production capacity by 2012 and halve solar power costs by 2015, Vice President Joseph Biden said on Tuesday.

President Barack Obama's stimulus spending poured $814 billion into the U.S. economy, including more than $100 billion for science, technology and innovation projects.

"The government plants the seeds. The private sector nourishes and makes it grow," Biden said. "And in the process, if we're as innovative as we've been in the past, we launch entire new industries."

(READ the Reuters report via Newsdaily)

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# Business

MBAs Today Want to Make an Impact on the World

Business school students want to learn how to make profits in the business world. That's a given. But now, they are wanting to make a profit by doing good -- and scores of programs, like those at Wharton and Stanford which combine social consciousness with financial returns, are popping up at universities around the world.

# Business

Chrysler Third Quarter Net Profit is up 80%

Chrysler Group LLC reported a net profit of $381 million for the third quarter of 2012 on Monday, up 80 percent from the $212 million profit the company reported for the same period a year ago. The results mean that the United Auto Workers employed in Chrysler's factories will next year likely receive their signing bonus of $1,750

# Business

Patagonia Converts to Fair Trade

In partnership with Fair Trade certifiers in the United States, Patagonia has begun to convert its entire collection - starting with 10 pieces of women's athletic and fall apparel. By fall of next year it will include 165 styles. Patagonia's pursuit of Fair Trade is part of a larger strategy in addressing fair wages in their supply chain.

# Business

U.S. Manufacturing Grows at Fastest Pace in 6 Months

Manufacturing grew in December at the fastest pace in six months, the latest sign that the US economy gained momentum at the end of last year. Manufacturing has expanded for more than two years. Factories were one of the first areas of the economy to start growing after the recession officially ended in June 2009.

# Business

Global Economy Growing at Fastest Pace in a Year

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