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COMMENTS: Shopping Goes into Red, Towards Green
ABC and CBS filed a couple of contrasting stories about retail. CBS' Nancy Cordes was full of doom and gloom as she warned that CIT--the finance firm that supports such chains as Dunkin Donuts, Filene's Basement and Dairy Queen--is about to go bankrupt. "Retailers are bracing for a chain reaction, more layoffs and store closures." Dan Harris saw a green future on ABC's A Closer Look as Walmart launched a plan for eco-labels. Each ware will be rated according to a 15-point sustainability index that measures how harmful to the planet it might be. Harris offered examples: "How much does making or using your product contribute to global warming? How much waste was produced in making it? Are the materials environmentally friendly?"
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