Role in The American Economy
The scrap industry contributed $65 billion in 2006 and is one of the few contributing positively to the U.S. balance of trade, exporting $15.7 billion in scrap commodities in 2006. This imbalance of trade has resulted in rising scrap prices during 2007 and 2008 within the United States. Scrap recycling also helps reduce greenhouse gas emissions and conserves energy and natural resources. For example, scrap recycling diverts 145 million short tons (129,464,286 long tons; 131,541,787 t) of materials away from landfills. Recycled scrap is a raw material feedstock for 2 out of 3 pounds of steel made in the U.S., for 60% of the metals and alloys produced in the U.S., for more than 50% of the U.S. paper industry’s needs, and for 33% of U.S. aluminum. Recycled scrap helps keep air and water cleaner by removing potentially hazardous materials and keeping them out of landfills.
Read more about this topic: Scrap
Famous quotes containing the words role, american and/or economy:
“I wish glib and indiscriminate critics of industrialists had some conception of the problems that have to be met by factory management.... General condemnation of employers is a favorite indoor sport of the uninformed intelligentsia who assume the role of lance- bearers for labor.”
—Mary Barnett Gilson (1877–?)
“A certain secret jealousy of the British Minister is always lurking in the breast of every American Senator, if he is truly democratic; for democracy, rightly understood, is the government of the people, by the people, for the benefit of Senators, and there is always a danger that the British Minister may not understand this political principle as he should.”
—Henry Brooks Adams (1838–1918)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)