Newark Mayor Cory Booker, along with partners including the Center for American Progress, made a commitment to the Clinton Global Initiative to begin the greening of Newark in order to stimulate the local economy, create good jobs and improve the environment. Nationwide, the signs are clear: Our economy is in trouble. Falling home prices, foreclosures, bank failures, a weaker dollar, rising prices for gas, food, and steel, and layoffs in banking, construction, and manufacturing sectors are all indicators of serious economic strainâfollowing a long period in which the middle class went nowhere even while the economy grew as a whole. Whatâs more, evidence suggests the current downturn will continue for at least another year.
At the same time, we face a growing climate crisis that will require us to rapidly invest in new energy infrastructure, cleaner sources of power, and more efficient use of electricity and fuels in order to cut ...
