01 Jul '11, 9pm

How America just lost 1 million greenish jobs to Europe

How America just lost 1 million greenish jobs to Europe

Most underplayed economic story of the week: European aircraft manufacturer Airbus "trounced" the traditional U.S. behemoth Boeing at the Paris Air Show, booking a record $50 billion more in orders for new planes. The reason: commercial plane buyers' demands for high fuel efficiency and low emissions. Here's the Associated Press report on how Airbus racked up a whopping 730 new plane orders compared to a measly 142 for Boeing: Airbus has cashed in on airlines' desire to reduce sky-high fuel costs and cut their carbon dioxide emissions. Airbus says the A320neo is 15 percent more fuel efficient than rival aircraft like Boeing's 737 ... Airbus' success cast a long shadow over Chicago-based Boeing, which recorded only $22 billion in orders and commitments, and raised questions over the U.S. planemaker's ability to compete in a market dominated by concerns over high fuel prices...

Full article: http://www.grist.org/business-technology/2011-06-29-how-a...

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