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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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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 Vikings were seafaring north Germanic people who raided, traded, explored, and settled in wide areas of Europe, Asia, and the North Atlantic islands from the late 8th to the mid-11th centuries. The Vikings employed wooden longships with wide, shallow-draft hulls, allowing navigation in rough seas or in shallow river waters. The ships could be landed on beaches, and their light weight enabled them to be hauled over portages. These versatile ships allowed the Vikings to travel as far east as Constantinople and the Volga River in Russia, as far west as Iceland, Greenland, and Newfoundland, and as far south as Nekor. This period of Viking expansion, known as the Viking Age, constitutes an important element of the medieval history of Scandinavia, Great Britain, Ireland, Russia, and the rest of Europe.
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The expert predicted that America's gross domestic product will return to more than 3 percent yearly expansion. For example, Dow Chemical is investing $4 billion in Texas plastics production that will be operational by 2019. Such growth requires cheap oil and natural gas - and "by 2022 or so, the United States will surpass Saudi Arabia in oil output, and Russia in gas." He continued: "The big attraction is the low price of natural gas, the lowest-carbon fossil fuel, which can be produced profitably at about a third the price per unit of energy as other hydrocarbons. That is particularly attractive to chemical companies. It is the raw material for plastics, Styrofoam, tires, sealants, adhesives, films, liquid crystal screens, nylons, polyesters - nearly everything around us."
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On this date in 1776, rebellious colonials launched the first modern democracy, an experiment in government controlled by the people themselves. America succeeded so well that virtually the entire world later adopted democracy with its guarantee of personal rights.