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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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Endemism is the ecological state of being unique to a defined geographic location, such as an island, nation or other defined zone, or habitat type; organisms that are indigenous to a place are not endemic to it if they are also found elsewhere. The extreme opposite of endemism is cosmopolitan distribution.
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Deadweight tonnage is a measure of how much weight a ship is carrying or can safely carry. It is the sum of the weights of cargo, fuel, fresh water, ballast water, provisions, passengers, and crew.
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The Republican Party, also commonly called the GOP (for "Grand Old Party"), is one of the two major contemporary political parties in the United States, the other being the Democratic Party. Founded by anti-slavery activists in 1854, it dominated politics nationally for most of the period from 1860 to 1932. There have been 18 Republican presidents, the first being Abraham Lincoln, serving from 1861 to 1865, and the most recent being Donald Trump who began serving in 2017.