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...figure we breezed past in May. From December 2007 to August 2009, the economy jettisoned nearly 7 million jobs, according to the Bureau of Labor Statistics. That's a 5% decrease in the total number of jobs, a drop that hasn't occurred since the end of World War II. The number of long-term unemployed, people who have been out of work for more than 27 weeks, was the highest since the BLS began recording the number in 1948. Jobless figures released Sept. 4 showed a 9.7% unemployment rate, pushing the U.S. - unthinkably - ahead of Europe, with...
...investment this year in energy efficiency that will help the environment and cut costs. Mars and Cadbury have unveiled plans to increase the amount of cacao they harvest from sustainable sources because it is good for the environment and will also relieve potential shortages in the future. The high-end stroller company Bugaboo just announced it is joining the multibrand (RED) campaign - think Gap, Apple, Bono - and will start contributing 1% of its total revenues to the Global Fund that helps AIDS programs in Africa. That's 1% of Bugaboo's revenues, not profits...
...during this recession is its opinion of business. Social responsibility is one way to get it back. Consumers too can make ethical choices. You may be stressed out by the economy, but your civic duty is starting to kick in at the cash register. Just don't let it end there. - With reporting by Jeremy Caplan...
Obama White House officials know that too. So while they are sounding confident at this stage that the President will have some kind of health-care bill by the end of the year, they are watching carefully to see if there are more signs that they have arrested what they acknowledge has been a slide in public support. What concerns them, they say, is not what happened in August - the near riots at congressional town halls or the lies about "death panels." Instead, it is a quieter and growing public unease that they began seeing in their own polls...
...even as Obama expressed his support for the public option, he downplayed its significance, calling it "only a means to [the] end'' and noting that just 5% of Americans were likely to sign up. (Indeed, one factor often overlooked in all the shouting is that under most of the versions of the bill that have been proposed, as well as Obama's own, the majority of Americans who get health coverage through their employer would not be eligible to buy into a public option, or any of the private ones that would be offered under the newly established state marketplaces...