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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 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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Longtime Attorney General Darrell McGraw was a fierce enforcer of state consumer protection laws, winning billions from firms and fly-by-night outfits that committed consumer violations. For West Virginia illness and death caused by cigarettes, McGraw won two lawsuit settlements from 23 tobacco firms for $1.7 billion and $200 million. In 2002, McGraw won $56 million from 15 coal companies that used "independent contractors" to duck state workers' compensation obligations.
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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.
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Plasma is one of the four fundamental states of matter (the others being solid, liquid, and gas). Heating a gas may ionize its molecules or atoms (reducing or increasing the number of electrons in them), thus turning it into a plasma, which contains charged particles: positive ions and negative electrons or ions.