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off-shoring

Helping American designers make it in America (video)

As a graduate of the Pratt Institute with experience working for big names in the apparel and accessory industries, Matthew Bennett was ready to work independently to create his own watch label. While he might have had great ideas and a fabulous sense of design, he just couldn't seem to tackle the logistics of running such an operation. He found a manufacturer in Hong Kong that could produce his designs, but it wasn't always seamless. After OKing one production sample, Bennett later received a shipment of 1,000 pieces of defective goods -- goods he couldn't sell … Read more

Britain proposes massive offshore wind power investment

The British government on Monday proposed the construction of up to 7,000 offshore wind turbines to accelerate the country's conversion to cleaner power.

The proposal, unveiled by U.K. business secretary John Hutton, is meant to help achieve the European Union's goal of producing 20 percent of its electricity from renewable sources by 2020, according to reports.

Britain will overtake Denmark next year as the country with the most offshore wind power, Hutton said at an energy conference in Berlin.

The country now gets about 2 percent of its energy from renewable sources. The plans call for … Read more