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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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"Democracy's real test lies in its respect for minority opinions." - Ellery Sedgwick
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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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In 2011, the Ohio Turnpike raised its limit to 70 and recorded its lowest traffic fatality rate ever that year. The higher speed limit attracts travelers to use the safer, limited-access, divided highways of the interstates from more traditional roads. That makes both types of roads safer.
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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.