Tuesday, October 14, 2008

Money & Business

Capital Commerce

The Pajamas Economy: Can Telecommuting Save America?

July 17, 2008 11:22 AM ET | James Pethokoukis | Permanent Link | Print

I would very much like for this to be true:

We've developed a telecommuting model which shows that if the 40% of U.S. workers that studies show could work from home actually did, the U.S. could reduce Gulf Oil imports by 74%, and reduce gas consumption by 11.5 billion gallons a year. That would save consumers $52 billion and reduce greenhouse gases by 101 million tons. If those 40% worked from home half the time—roughly the national average for existing teleworkers—the savings would be $40 billion and 78 million tons of CO2.

Tags: economy | corporate culture

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About the Capital Commerce Blog

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James Pethokoukis is the money and politics blogger for U.S. News & World Report , where he writes the monthly Capital Commerce magazine column. Pethokoukis is also the assistant managing editor of the magazine's Money & Business section. He has written for many publications including the New York Times, the American, USA Today, Investor's Business Daily, and TCS Daily. Pethokoukis is also an official CNBC contributor and appears frequently on that network's Kudlow & Company, Power Lunch, and The Call shows. In addition, he has appeared numerous times on MSNBC, Fox News Channel, Fox Business Network, CNN, and Nightly Business Report on PBS. A 1989 graduate of Northwestern University where he double majored in Soviet politics and American history and a 1991 graduate of the Medill School of Journalism, Pethokoukis is a 2002 Jeopardy! champion.

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