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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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A utility cooperative is a type of cooperative that is tasked with the delivery of a public utility such as electricity, water or telecommunications to its members. Profits are either reinvested for infrastructure or distributed to members in the form of "patronage" or "capital credits", which are essentially dividends paid on a member's investment into the cooperative. Each customer is a member and owner of the business with an equal say as every other member of the cooperative, unlike investor-owned utilities where the amount of say is governed by the number of shares held.
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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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Volunteer hosts went to the airport, picked up assigned students, fed them dinner, took them to the opening lecture at the Clay Center, put them in spare bedrooms for the night, then fed them breakfast this morning and will deliver the outstanding teens to buses that convey them to the mountain retreat where they undergo a month of intensive science training and outdoor fun.
Luckily, this year, enough local families volunteered to host all the brilliant youths. In the past, the number of guest homes sometimes fell short, and some of the visitors slept on cots and sleeping bags at local churches. They're adventurous teens and don't mind this makeshift camp-in but it's better if friendly hosts give them a more personal welcome for their stay.
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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.