Press Releases

Recycling Our Way To Recovery

 

ALEXANDRIA, Va., Sept. 14 /PRNewswire/ -- Over the past year, there have been promising signs that the United States is recovering from the so-called "Great Recession." In recent quarters, the country's Gross Domestic Product has been in positive territory. The housing market, though far from vibrant, has shown some modest signs of life. And the stock market has recovered a great deal of the ground it lost in the initial months after the credit crisis of late 2008 and early 2009.

Despite these encouraging signs, though, unemployment continues to be near a 25-year high. With the official jobless rate near double digits, there are concerns that the economy may begin to slip back into a dreaded double-dip recession. Because of this, it is in the best interest of the country to promote job creation in all sectors of the economy.

One area that has the potential to create more jobs while promoting good environmental stewardship is recycling. According to the Environmental Protection Agency's (EPA) U.S. Recycling Economic Information Study, the recycling and reuse industry employs more than 1.1 million people, generates an annual payroll of nearly $37 billion and grosses more than $236 billion in annual revenues. This represents a significant force in the U.S. economy and makes a vital contribution to job creation and economic development.

To take advantage of the job creation potential of the recycling industry, it is important to raise the bar on recycling. For its part, the glass container industry, its companies, and thousands of employees set an ambitious goal in late 2008 of using at least 50 percent recycled glass in the manufacture of new glass bottles and jars by the end of 2013. In several states, glass manufacturing plants are already using 70 percent recycled glass, or cullet, to make new glass containers, showing that reaching the goal nationwide is possible and imminent.

TheStreet Premium Services

Jim Cramer
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
OptionsProfits
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn More
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
Dow Jones S&P 500 NASDAQ 10-Year Note
12,454.83 1,317.82 2,837.53 17.45
Oil *
107.26
DOWN
74.92
DOWN
2.86
DOWN
1.85
DOWN
0.14
10 Yr
1.74%
SPDR Gold
152.68
-0.60%
-0.22%
-0.07%
-0.80%
Data delayed 20 minutes

Top Stories and Tools

Articles From

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy.
Podcasts

Connect with TheStreet