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"Give me your tired, your poor, your huddled masses yearning to breathe free, the wretched refuse of your teeming shore. Send these, the homeless, tempest-tossed, to me. I lift my lamp beside the golden door." - Emma Lazarus, inscription for the Statue of Liberty
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Six years ago, lawyer-banker-scholar Charles Morris wrote a prophetic book - 'Two-Trillion-Dollar Meltdown: Easy Money, High-Rollers and the Great Credit Crunch' - that foresaw the 2008 Great Recession before it clobbered America and the world. Now Morris has reversed course and sees good times ahead. His forthcoming book, 'Comeback,' predicts that surging U.S. energy independence will bring a buoyant rise in American manufacturing and jobs.
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On Monday, after a long quarter-century, West Virginians said goodbye to their state's 6 percent food tax. Now to see what, if any, business we've been missing. In 1989, retailers warned that sales in West Virginia would go down if legislators imposed a 6 percent tax on food. "Whatever they put on would be passed on to the consumer," Charles Forth, who owned supermarkets in both West Virginia and Ohio, told the newspaper in February 1989. "Six percent is $6 on $100. That will make a difference when people are already hurting and trying to make ends meet." It's a lot easier to drive customers away than to win them back, a fact legislators should bear in mind when it comes to taxation.
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The 1980 New York Mets season was the 19th regular season for the Mets, who played home games at Shea Stadium. Led by manager Joe Torre, the team had a 67-95 record, yielding a 5th place finish in the National League East.
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The Doppler effect (or Doppler shift), named after the Austrian physicist Christian Doppler, who proposed it in 1842 in Prague, is the change in frequency of a wave (or other periodic event) for an observer moving relative to its source. It is commonly heard when a vehicle sounding a siren or horn approaches, passes, and recedes from an observer. The received frequency is higher (compared to the emitted frequency) during the approach, it is identical at the instant of passing by, and it is lower during the recession.