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U.S. Energy Information Administration - EIA - Independent Statistics and Analysis
International Energy Outlook 2014
Release Date: September 9, 2014 | Next Release Date: September 2015 (See release cycle changes) | Report Number: DOE/EIA-0484(2014)
World energy demand and economic outlook
In the IEO2013 Reference case, world energy consumption increases from 524 quadrillion Btu in 2010 to 630 quadrillion Btu in 2020 and 820 quadrillion Btu in 2040, a 30-year increase of 56 percent (Figure 12 and Table 1). More than 85 percent of the increase in global energy demand from 2010 to 2040 occurs among the developing nations outside the Organization for Economic Cooperation and Development (non-OECD), driven by strong economic growth and expanding populations. In contrast, OECD member countries are, for the most part, already more mature energy consumers, with slower anticipated economic growth and little or no anticipated population growth.7
Many economic and geopolitical circumstances add considerable uncertainty to any long-term assessment of world energy markets. Currently, there is wide variation in the economic performance of different countries and regions around the world. Among the more mature OECD regions, the pace of growth varies but generally is slow in comparison with the emerging economies of the non-OECD. In the United States and Europe, short- and long-term debt issues remain largely unresolved and are key sources of uncertainty for future growth. Economic recovery in the United States has been weaker than the recoveries from past recessions, although expansion is continuing. In contrast, many European countries fell back into recession in 2012, and the region's economic performance has continued to lag. Japan, whose economy had been sluggish before the devastating earthquake in March 2011, is recovering from its third recession in 3 years [1]. Questions about the timing and extent of a return to operation for Japan's nuclear power generators compound the uncertainty surrounding its energy outlook.
In contrast to the OECD nations, developing non-OECD economies, particularly in non-OECD Asia, have led the global recovery from the 2008-2009 recession. China and India have been among the world's fastest growing economies for the past two decades. From 1990 to 2010, China's economy grew by an average of 10.4 percent per year and India's by 6.4 percent per year. Although the two countries' economic growth remained strong through the global recession, both slowed in 2012 to rates much lower than analysts had predicted at the start of the year. In 2012, real GDP in China increased by 7.2 percent, its lowest annual growth rate in 20 years [2]. India's real GDP growth slowed to 5.5 percent in 2012.
Even with slower than average growth in China and India in the short-term, medium- and long-term prospects for the two nations are good. In the IEO2013 Reference case, China and India continue to lead both world economic growth and energy demand growth. Since 1990, energy consumption in both countries as a share of total world energy use has increased significantly; together, they accounted for about 10 percent of total world energy consumption in 1990 and nearly 24 percent in 2010. From 2010 to 2040, their combined energy use more than doubles in the Reference case, and they account for 34 percent of projected total world energy consumption in 2040. China, which recently became the world's largest energy consumer, is projected to consume more than twice as much energy as the United States in 2040 (Figure 13).
The IEO2013 Reference case assumes that global gross domestic product (GDP) rises by an average of 3.6 percent per year from 2010 to 2040, with non-OECD economies averaging 4.7 percent per year and OECD economies 2.1 percent per year. Future energy consumption growth is driven by non-OECD demand. Whereas energy use in non-OECD nations was 16 percent greater than that in OECD nations in 2010, the non-OECD economies are projected to consume 47 percent more energy than the OECD economies in 2020 and 88 percent more in 2040 (Figure 14).
While energy use in non-OECD Asia (led by China and India) rises by 112 percent from 2010 to 2040, strong growth in energy
use is also projected for much of the rest of the non-OECD region (Figure 15). With fast-paced growth in population and access
to ample domestic resources, energy demand increases by 76 percent in the Middle East over the projection period, by 85
percent in Africa, and by 62 percent in Central and South America. The slowest projected growth among the non-OECD regions
is for Europe and Eurasia, which includes Russia and the other
former Soviet republics, at 42 percent from 2010 to 2040,
as the region's population declines and substantial gains
in energy efficiency are achieved through replacement of
inefficient Soviet-era capital equipment.
Outlook for world energy consumption by source
The use of all energy sources increases over the time horizon
of the IEO2013 Reference case (Figure 16). Given expectations
that world oil prices will remain at levels that are high relative
to historical experience throughout the projection, petroleum and other liquid fuels8 are the world's slowest-growing source of energy. Liquids consumption increases at an average annual rate of 0.9 percent from 2010 to 2040, whereas total energy demand increases by 1.5 percent per year. Nuclear power and renewables are the fastest-growing sources of world energy, both increasing at an average annual rate of 2.5 percent. Concerns about energy security, the impact of fossil fuel emissions on the environment, and sustained high world oil prices support expanded use of nuclear power and renewable energy over the projection. Government policies and incentives improve the prospects for non-fossil forms of energy in many countries around the world in the outlook.
Fossil fuels continue to supply most of the world's energy throughout the IEO2013 Reference case projection. In 2040, liquid fuels, natural gas, and coal still supply more than three-fourths of total world energy consumption. Petroleum and other liquid fuels remain the largest source of energy, but their share of world marketed energy consumption declines from 34 percent in 2010 to 28 percent in 2040. On a worldwide basis, liquids consumption increases only in the industrial and transportation sectors while declining in the buildings and electric power sectors. The decrease in the use of liquid fuels in the residential, commercial, and power sectors is a result of rising world oil prices, which result in switching from liquids to alternative fuels where possible. In contrast, the use of liquids in the transportation sector continues to increase despite rising prices. World liquids consumption for transportation grows by 1.1 percent per year from 2010 to 2040 and accounts for 63 percent of the total projected net increment in liquid fuel use. The industrial sector accounts for the remainder of the increase, growing by 1.2 percent per year over the course of the projection.
In the IEO2013 Reference case, the world's total natural gas consumption increases by 1.7 percent per year on average, from 113 trillion cubic feet in 2010 to 132 trillion cubic feet in 2020 and 185 trillion cubic feet in 2040. Increasing supplies of natural gas, particularly from shale formations in the United States and Canada, and eventually elsewhere as well, help to supply global markets. A substantial portion of China's future natural gas production is projected to come from tight gas, shale gas, and coalbed methane. In the future, advances in the application of the horizontal drilling and hydraulic fracturing technologies that have contributed to the rapid increase in U.S. natural gas production in recent years are applied in other parts of the world. As a result, natural gas prices remain below oil prices on an energy content basis, supporting the projected worldwide growth in gas consumption. Over the projection period, natural gas demand increases in all end-use sectors, with the largest increments in the electric power and industrial sectors (Figure 17). Worldwide, natural gas consumption for electric power generation increases by nearly 80 percent from 2010 to 2040, while natural gas consumption in the industrial sector increases by 58 percent. Those two sectors account for 77 percent of the net increase in global natural gas use over the projection period.
Coal continues to play an important role in world energy markets, especially in non-OECD Asia, where the combination of fastpaced economic growth and large domestic resources supports growth in coal demand. World coal consumption increases by an average 1.3 percent per year on average from 2010 to 2040, while coal use in non-OECD Asia increases by 1.9 percent per year. World coal consumption grew by 59 percent from 2000 to 2010, largely because of China's rapidly growing energy demand. In China alone, coal consumption tripled over the 2000-2010 period. Coal accounted for 23 percent of world energy consumption in 2000, compared to a 38-percent share for liquids. In 2010, the gap had narrowed substantially, with the coal share at 28 percent and the liquids share at 34 percent. In the absence of policies or legislation that would limit the growth of coal use, China—and to a lesser extent, India and the other nations of non-OECD Asia—consumes coal in place of more expensive fuels in the outlook. In 2030, coal and liquid fuels account for equal shares of world energy consumption at around 29 percent. After 2030, China's use of coal for steel and cement production slows and then declines, and the coal share of world energy use declines to 27 percent in 2040 (compared to a 28-percent share for the liquid fuels).
Electricity consumption by end users grows faster than their use of other delivered energy sources in the Reference case, as has been true for the past several decades. Net electricity generation worldwide rises by 2.2 percent per year on average from 2010 to 2040. The strongest growth in electricity generation is projected for non-OECD countries, where electricity generation increases by an average of 3.1 percent per year in the Reference case, as rising standards of living increase demand for home appliances and electronic devices, and commercial services, including hospitals, schools, office buildings, and shopping malls, expand. In the OECD nations, where infrastructures are more mature and population growth is relatively slow or declining, the projected growth in power generation averages 1.1 percent per year from 2010 to 2040.
Coal provides the largest share of world electricity generation throughout the Reference case projection, although its share
declines from 40 percent of total generation in 2010 to 36 percent in 2040 (Figure 18). The liquids share of total generation also
falls in the Reference case, as other fuels are substituted for high-priced liquids in the power generation sector where possible.
The liquids share of total generation falls from 5 percent in 2010 to slightly less than 2 percent in 2040. Natural gas and renewable energy sources account for increasing shares of total generation. The natural gas share of global generation grows from 22 percent in 2010 to 24 percent in 2040, and the renewable share increases from 21 percent to 25 percent. Renewable generation (including hydropower) is the world's fastest-growing source of electric power in the IEO2013 Reference case, rising by an average of 2.8 percent per year and outpacing the average annual increases for natural gas (2.5 percent), nuclear power (2.5 percent), and coal (1.8 percent). Government policies and incentives throughout the world support the rapid construction of renewable generation facilities.
Worldwide, hydroelectricity and wind are the two largest contributors to the increase in global renewable electricity generation, with hydropower accounting for 52 percent of the total increment and wind 28 percent. The mix of the two renewable energy sources differs dramatically between the OECD and non-OECD regions. In OECD nations, most economically exploitable hydroelectric resources already have been developed. Except in a few cases—notably, Canada and Turkey—there are few opportunities to expand large-scale hydroelectric power projects. Instead, most renewable energy growth in OECD countries is expected to come from nonhydroelectric sources, especially wind. Many OECD countries, particularly those in Europe, have government policies (including feed-in tariffs,9 tax incentives, and market share quotas) that encourage the construction of wind and other nonhydroelectric renewable electricity facilities. In the Reference case, more than 70 percent of the projected growth in OECD renewable energy sources is attributed to nonhydroelectric renewables (Figure 19).
In the non-OECD nations, hydroelectric power is the predominant source of renewable energy growth, accounting for 63 percent of the total increment in non-OECD renewable energy use over the projection. Strong increases in hydroelectric generation, primarily from mid- to large-scale power plants, are expected in Brazil and in non-OECD Asia (especially, China and India), which in combination account for 80 percent of the total increase in non-OECD hydroelectric generation from 2010 to 2040. Growth rates for wind-powered electricity generation also are relatively high in non-OECD countries. China has one of the fastest growing non-OECD regional markets for wind power, with projected total generation from wind power plants increasing from 45 billion kilowatthours in 2010 to 637 billion kilowatthours in 2040, at an average rate of 9.3 percent per year. In China, where wind generation accounted for 6 percent of total renewable generation in 2010, its share grows to 26 percent in 2040.
Electricity generation from nuclear power worldwide increases from 2.6 trillion kilowatthours in 2010 to 5.5 trillion kilowatthours in 2040 in the IEO2013 Reference case, as concerns about energy security and greenhouse gas emissions support the development of new nuclear generating capacity. In addition, world average capacity utilization rates have continued to rise over time, from about 68 percent in 1980 to about 80 percent in 2011. The projections assume that most of the older nuclear power plants now operating in OECD countries and in non-OECD Eurasia will be granted extensions to their operating licenses.
There is still considerable uncertainty about the future of nuclear power, however, and a number of issues could slow the development of new nuclear power plants. In many countries, concerns about plant safety, radioactive waste disposal, and the proliferation of nuclear waste materials may hinder plans for new installations. The March 2011 disaster at Japan's Fukushima Daiichi nuclear power plant could have long-term implications for the future of world nuclear power development in general. Following the disaster, Germany and Switzerland announced plans to phase out or shut down their operating reactors by 2022 and 2034, respectively [3]. China—where plans for large increases in nuclear capacity have been announced and are included in the IEO2013 Reference case projection—instituted a temporary moratorium on new approvals for nuclear power construction that lasted 20 months before it was lifted at the end of October 2012 [4]. Clearly, the uncertainty associated with nuclear power projections for Japan and for the rest of the world has increased following the events of March 2011.
In the IEO2013 Reference case, 86 percent of the world expansion in installed nuclear power capacity occurs in non-OECD countries, with China, India, and Russia accounting for the largest increment in world net installed nuclear power from 2010 to 2040 (Figure 20). China adds 149 gigawatts of nuclear capacity between 2010 and 2040 in the Reference case, India 47 gigawatts, and Russia 31 gigawatts. Within the OECD, installed nuclear capacity increases to some extent in almost every region. The extent to which governments in Europe and Japan might withdraw their support for nuclear power is uncertain, but some countries have already revised their nuclear policies after the Fukushima Daiichi disaster. Germany and Switzerland have adopted plans to phase out nuclear power. However, Turkey and Poland are moving forward with plans to install new nuclear capacity, and France, which relies heavily on nuclear power, continues to support its use [5].
In the United States, Title XVII of the Energy Policy Act of 2005 authorizes the U.S. Department of Energy to issue loan guarantees for innovative technologies that "avoid, reduce, or sequester greenhouse gases." In addition, subsequent legislative provisions in the Consolidated Appropriation Act of 2008 allocated $18.5 billion in guarantees for nuclear power plants [6]. In the IEO2013 Reference case, U.S. nuclear power capacity increases from 101 gigawatts in 2010 to a high of 114 gigawatts in 2025, before declining to 109 gigawatts in 2036, largely as a result of plant retirements. New additions in the later years of the projection bring U.S. nuclear capacity back up to 113 gigawatts in 2040.
Delivered energy consumption by end-use sector
Understanding patterns in the consumption of energy delivered to end users10 is important to the development of projections for global energy use. Outside the transportation sector, which at present is dominated by liquid fuels, the mix of energy use in the residential, commercial, and industrial sectors varies widely by region, depending on a combination of regional factors, such as the availability of energy resources, levels of economic development, and political, social, and demographic factors.
Residential and commercial sectors
Energy consumed in the buildings sector is divided between residential and commercial end users and accounts for nearly onequarter of the total delivered energy consumed worldwide. In the IEO2013 Reference case, total world energy consumption in buildings increases from 81 quadrillion Btu in 2010 to 131 quadrillion Btu in 2040, an average annual growth rate of 1.6 percent per year. Energy use in the residential sector is defined as the energy consumed by households, excluding transportation uses.11 In the residential sector, energy is used for heating, cooling, lighting, water heating, and many other appliances and equipment. Income levels and energy prices influence the ways in which energy is consumed in the residential sector, as do various other factors, such as location, building and household characteristics, weather, equipment types and efficiencies, access to delivered energy, availability of energy sources, and energy-related policies. As a result, the types and amounts of energy use by households can vary widely within and across regions and countries.
In the IEO2013 Reference case, energy use in homes accounts for about 14 percent of world delivered energy consumption in 2040. World residential energy consumption increases by 57 percent from 2010 to 2040, mainly as a result of growing residential demand in the non-OECD countries. Total non-OECD residential energy consumption increases at an average annual rate of 2.5 percent, compared with an average of 0.4 percent per year in the OECD countries (Figure 21). China and India continue to lead world growth in residential energy demand in the projection, as a result of rapid economic and population growth. In 2040, their combined residential energy use is almost three times their 2010 total and accounts for nearly 31 percent of total world residential energy consumption.
The commercial sector—often referred to as the service sector or the services and institutional sector—consists of businesses, institutions, and organizations that provide services, encompassing many different types of buildings and a wide range of activities and energy-related services. Examples of commercial sector facilities include schools, stores, correctional institutions, restaurants, hotels, hospitals, museums, office buildings, banks, and sports arenas. Most commercial energy use occurs in buildings or structures, supplying services such as space heating, water heating, lighting, cooking, and cooling. Energy consumed for services not associated with buildings, such as traffic lights and city water and sewer services, is also categorized as commercial energy use. The commercial sector accounted for nearly 8 percent of total world delivered energy consumption in 2010. In the IEO2013 Reference case, commercial energy use grows by an average of 1.8 percent per year from 2010 to 2040.
Slow expansion of GDP and low or declining population growth in many OECD nations contribute to slow rates of increase in commercial energy demand in the Reference case. In addition, continued efficiency improvements moderate the growth of energy demand over time, as less efficient energy-using equipment is replaced with newer, more efficient stock. Conversely, continued economic growth is expected to include growth in business activity, with its associated energy use, in areas such as retail and wholesale trade and business, financial services, and leisure services. Among the OECD nations, delivered energy consumption in the commercial sector increases by 0.9 percent per year from 2010 through 2040, more than twice the rate projected for the residential sector.
In the non-OECD nations, economic activity and commerce increase rapidly, fueling additional demand for energy in the service sectors. Population growth also is more rapid than in the OECD countries, increasing the need for education, health care, and social services and the energy required to provide them. In addition, as developing nations mature, they transition to more service-related enterprises, which increases the demand for energy in the commercial sector. The energy needed to fuel growth in commercial buildings will be substantial, and total delivered commercial energy use among non-OECD nations grows by 3.2 percent per year from 2010 to 2040 in the Reference case, more than three times as fast as the growth of commercial sector energy demand in the OECD nations (Figure 22).
Industrial sector
The industrial sector encompasses manufacturing, agriculture, mining, and construction—and a wide range of activities, such as processing and assembly, space conditioning, and lighting. Industrial energy use also includes natural gas and petroleum products used as feedstocks for the production of non-energy products, such as plastics and fertilizer. Industrial energy demand varies across regions and countries of the world, based on the level and mix of economic activity and technological development, among other factors. The industrial sector consumed 52 percent of global delivered energy in 2010, and its energy consumption grows by an average of 1.4 percent per year from 2010 to 2040 in the IEO2013 Reference case.
Industrial sector energy use in the non-OECD economies increases by 1.8 percent per year in the Reference case, compared with 0.6 percent per year in the OECD economies (Figure 23). The gap in growth rates reflects both faster anticipated economic expansion outside the OECD and differences in the composition of industrial sector production. Industrial operations in the OECD economies generally are more energy-efficient than those in the non-OECD economies, and the mix of industrial output is more heavily weighted toward non-energy-intensive industry sectors. On average, industrial energy intensity (the amount of energy consumed in the industrial sector per dollar of economic output) in non-OECD countries is triple that in OECD countries.
In 2010, liquids made up 38 percent of industrial energy use in OECD countries, compared with 23 percent in non-OECD countries, and coal represented 12 percent of OECD industrial energy use, compared with 34 percent in non-OECD countries. Of the five industrial fuel categories (renewables, electricity, natural gas, coal, and petroleum and other liquid fuels), petroleum and other liquid fuels are dominant in the OECD nations throughout the projection, due to continued significant growth in the use of natural gas liquids in the chemical sector in both the United States and the European Union and the use of motor fuels in agriculture and construction. Coal is the dominant fuel in the non-OECD countries, due in part to China's continuing heavy reliance on accessible and relatively inexpensive domestic coal resources for use in its steel and cement industries.
In the Reference case projection, there are some shifts in the overall industrial fuel mix for both OECD and non-OECD regions. From 2010 to 2040, as liquid fuel and feedstock prices remain at relatively high levels, industrial liquids use in OECD countries grows much more slowly than GDP. In addition, rising coal prices and structural shifts in the OECD industrial sector as a whole result in slow growth of coal use for industrial processes. Both coal and liquid fuels are slowly displaced by growing industrial demand for natural gas, electricity, and renewable energy sources (largely biomass). As a result, the liquids share of OECD delivered industrial energy consumption falls slightly, from 38 percent in 2010 to 37 percent in 2040, while the natural gas share increases from 27 percent to 29 percent. In the OECD countries, the electricity share of industrial energy use remains flat through 2040, while the renewable share increases from 7 percent to 8 percent. In the non-OECD countries, there is a slight shift away from liquids and coal use in the industrial sector, with natural gas and electricity showing small gains as a share of total industrial energy consumption.
Transportation sector
Energy use in the transportation sector includes energy consumed in moving people and goods by road, rail, air, water, and pipeline. The transportation sector accounted for 26 percent of total world delivered energy consumption in 2010, and transportation energy use increases by 1.1 percent per year from 2010 to 2040 in the IEO2013 Reference case. The growth in transportation energy demand is largely a result of increases projected for the non-OECD nations, where fast-paced gains in GDP raise standards of living and, correspondingly, the demand for personal travel and freight transport to meet consumer demand for goods. Non-OECD transportation energy use increases by 2.3 percent per year, compared with an average decrease of 0.1 percent per year decrease in the OECD nations, where consuming patterns are already well established, and slower growth of national economies and populations coupled with vehicle efficiency improvements keeps transportation energy demand from increasing (Figure 24).
The road transport component of transportation energy use includes light-duty vehicles, such as automobiles, sport utility vehicles, minivans, small trucks, and motorbikes, as well as heavy-duty vehicles, such as large trucks used for moving freight and buses used for passenger travel. Growth rates for economic activity and population and trends in vehicle fuel efficiency are the key factors in transportation energy demand. Economic growth spurs increases in industrial output, which requires the movement of raw materials to manufacturing sites, as well as the movement of manufactured goods to end users. In addition, increasing demand for personal travel is a primary contributing factor to underlying increases in energy demand for transportation. Increases in urbanization and in personal incomes also contribute to increases in air travel and motorization (more vehicles per capita) in the growing non-OECD economies.
World economic outlook
Economic growth is among the most important factors to be considered in projecting changes in world energy consumption. In IEO2013, assumptions about regional economic growth—measured in terms of real GDP in 2005 U.S. dollars at purchasing power parity rates—underlie the projections of regional energy demand. World economic growth has fluctuated substantially in recent years, with the global economy contracting by 1.1 percent in 2009 and growing by 4.9 percent in 2010, followed by more modest growth of 3.8 percent in 2011 and 2.8 percent in 2012. Such fluctuations are assumed to stabilize in the Reference case projection.
From 2010 to 2040, real world GDP growth averages 3.6 percent (on a purchasing power parity basis)12 in the Reference case (Table 2). The growth rate slows over the period, peaking at 4.0 percent between 2015 and 2020 and declining to 3.5 percent between 2020 and 2040. Global economic growth in the Reference case is led by the emerging economies. Real GDP growth from 2010 to 2040 averages 4.7 percent for the non-OECD region, compared with 2.1 percent for the OECD region (Figure 25). Slower global economic growth after 2020 is primarily a result of slower growth in the emerging economies, particularly China.
OECD economies
From 2010 to 2040, real GDP growth in the OECD region averages 2.1 percent per year (on a purchasing power parity basis) in the IEO2013 Reference case (Figure 26). In the United States, annual real GDP growth averages 2.5 percent per year from 2010 to 2040 in the Reference case. Growth in the aggregate output of the U.S. economy depends on increases in the labor force, growth of capital stock, and improvements in productivity. U.S. labor force growth slows over the projection period as the baby boom generation starts to retire, but projected growth in business fixed investment and spending on research and development offsets the slowdown. Real consumption growth averages 2.2 percent per year in the Reference case. The U.S. share of GDP accounted for by personal consumption expenditures varies between 66 percent and 71 percent of GDP from 2010 to 2040, with the share spent on services rising mainly as a result of increasing expenditures on health care. The share of GDP devoted to business fixed investment ranges from 10 percent to 17 percent of GDP through 2040. Issues such as financial market reform, fiscal policies, and financial problems in Europe, among others, affect both short-run and long-run growth, adding uncertainty to the projections.
In the Reference case, Canada's economic growth averages
2.2 percent per year from 2010 to 2040. Prospects for the
long term are relatively healthy, given Canada's record of
fiscal prudence and structural reforms aimed at maintaining competitive product markets and flexible labor markets. Canada is, however, heavily reliant on trade with the United States for both
short-term and long-term economic expansion.
From 2010 to 2040, Chile and Mexico are the fastest growing OECD countries, with their combined GDP increasing by an average of 3.7 percent annually. The two nations are primarily exporters, and as a result their near-term growth is reliant on demand from other advanced economies, which is projected to increase through 2020 before beginning a slow decline. Short-term and longterm commodity prices will also affect export revenues in Chile and Mexico, which remain sensitive to fluctuations in exchange rates with major trading partners, including the United States, countries in OECD Europe, Japan, and China [7]. The two countries are well positioned for medium- to long-run growth, with expanding working-age populations and lower government debt levels than other OECD countries.
Debt and demographic changes are common problems among the slower-growing OECD countries. The debt problems have an effect both in the short term and over the long term, as governments raise taxes and cut spending to lower debt-to-GDP ratios. The demographic challenges grow stronger in the later years of the projection. Even with those concerns, however, slower-growing OECD countries still have the advantages of strong institutions and substantial human capital, along with good infrastructure. In OECD Europe, for example, many countries are carrying high government debt levels and have seen their population growth rates fall. Gross government debt relative to GDP in countries that use the euro was near 95 percent in 2010, and the region's working-age population is or soon will be in decline [8]. In the near term, most European countries will have to deal with the fallout from the European financial crisis and the ensuing credit issues, which have slowed recent GDP gains and depressed investment, longer term implications for GDP growth through capital formation. OECD Europe is among the slowest growing regions in the Reference case, with real GDP growth averaging 1.8 percent per year from 2010 to 2040, compared with 2.2 percent per year for the OECD as a whole.
Like OECD Europe, Japan is dealing with long-term demographic and debt issues. The ratio of gross government debt to GDP in Japan was nearly 200 percent in 2010,13 and the working-age population is declining [9]. The new administration of Shinto Abe has pledged to undertake fiscal policy measures and press for expansionary monetary policy in order to stimulate economic growth [10], but it will be difficult for Japan to sustain higher economic growth in the medium to long term, given the decreasing number of working-age people (between 15 and 65 years old), which will cause the labor force to begin declining over the next decades [11]. The Reference case projection for economic growth in Japan is the lowest among the OECD regions, at 0.6 percent per year.
In contrast to Japan, South Korea is one of the fastest growing OECD economies currently and throughout the Reference case projection. The country recovered quickly from the 2008-2009 global economic crisis,14 with real GDP increasing by 6.3 percent in 2010 and 3.6 percent in 2011, though slowing to 2.2 percent in 2012 [12]. With its relatively low government debt, South Korea is well placed for medium- to long-run growth, although its labor force growth is projected to slow in the short term. In the longer term, South Korea's economic growth is supported by a flexible labor market and an accelerating shift from companies owned and managed by families to shareholder-controlled companies. Consequently, capital investment remains a large component of market-driven real GDP growth [13]. In the IEO2013 Reference case, South Korea's GDP expands by an average of 3.3 percent per year from 2010 to 2040.
In Australia and New Zealand, long-term prospects are also relatively healthy, given their consistent track records of fiscal prudence and structural reforms aimed at maintaining competitive product markets and flexible labor markets. Geographically, the two countries are well positioned to benefit from export market opportunities in the emerging Asian countries, although their aging populations may be one barrier to higher rates of economic growth in the medium to long term. In the Reference case, the combined GDP of Australia and New Zealand grows by an average of 2.2 percent per year from 2010 to 2040.
Non-OECD economies
Real GDP growth from 2010 to 2040 in the non-OECD region as a whole averages 4.7 percent per year in the IEO2013 Reference case (Figure 27). Investment, exports, and the prospects for higher commodity prices support GDP increases in the near term, although slower growth in advanced economies and potential for inflation are a concern. In the medium-to-long term, population growth, the potential for technological advancement, and lower debt levels help to support faster economic expansion in the non-OECD countries. Achieving these faster rates will require additional infrastructure investment and improvements in regulatory and financial institutions.
India has the world's fastest growing national economy in the IEO2013 Reference case, averaging 6.1 percent per year from 2010 to 2040, even though its economic growth has been subdued recently, with household spending tepid, investment slower, and inflation a greater concern than in the past [14]. In the medium term, however, recently announced reforms should help to improve the economic environment if they are fully implemented [15]. Accelerating additional structural reforms—such as ending regulatory impediments to the consolidation of labor-intensive industries, labor market and bankruptcy reforms, and agricultural and trade liberalization—remain essential over the longer term.
China saw its economic growth accelerate in 2011 after a slowdown that began in 2010. Supportive developments included retail sales and industrial production growth, and increases in exports as the economies of major trading partners experienced recovery [16]. Many structural issues remain, however, with implications for China's economic growth over the mid- to long term, including the pace of reform affecting inefficient state-owned companies and a banking system that is carrying a significant amount of nonperforming loans. Development of China's domestic capital markets continues in the Reference case, providing macroeconomic stability and ensuring that its large domestic savings are used more efficiently. China's economic expansion slows substantially toward the end of the projection period as a result of demographic factors related to its aging population and shrinking work force. From 2010 to 2030, China's real GDP grows by 6.6 percent per year in the Reference case but slows to an average of 4.0 percent per year from 2030 to 2040.
Many of the other economies of non-OECD Asia have benefited from trade ties with, and are largely dependent on, China. For those that depend on exports (including Hong Kong, Indonesia, Singapore, and Taiwan), China's strong economic rebound is likely to support growth in the near term. Many also trade heavily with the United States, Japan, and OECD Europe, however, meaning that their economic performance is intertwined with demand from the advanced economies. In the long term, growth prospects in non-OECD Asia remain favorable. Excluding China and India, real GDP in non-OECD Asia is projected to grow by an average of 4.3 percent per year from 2010 to 2040.
In Russia, short-term economic growth is more reliant on consumer spending than is the case for many other commodity exporting countries, and investment is also important [17]. Russia also remains highly reliant on revenue from energy exports to support economic growth [18]. Structural reforms, particularly to labor markets and state-owned enterprises, will be important for Russia to generate long-term growth. The country also faces challenges related to the continuing shrinkage of its labor force and population [19]. In the IEO2013 Reference case, Russia's economy grows by an average of 2.8 percent per year from 2010 to 2040.
Exports also are an important component of GDP for the countries of Central Europe and the Balkans, especially given their large fiscal deficits. Since late-2007, it has also been more difficult for banks and other entities in non-OECD Europe and Eurasia to gain access to foreign loans, as many lending institutions have restricted cross-border loans [20], which has lowered investment levels and may also affect future productivity. The effects have been softened somewhat by higher world market prices for commodity exports, but given the volatility of energy market prices, it is unlikely that the economies of non-OECD Europe and Eurasia will be able to sustain their recent growth rates until they have achieved more broad-based diversification from energy production and exports.
Brazil's economic performance in 2012 was disappointing, mainly because of falling investment, despite improvement in the country's trade balance. Further improvement in the trade balance is expected in the near term, which in combination with a resurgence in investment spending by firms and continuing employment gains should raise the country's GDP [21]. Structural reforms, particularly to state-owned enterprises and labor markets, will be important for Brazil in generating longterm growth. In the Reference case, Brazil's economic growth averages 3.4 percent per year from 2010 to 2040.
Outside Brazil, investment in the countries of Central and South America is constrained by policy uncertainty, and commodity exports are not expected to provide the level of government revenue that they have in the recent past. The proximity of the region to the United States and the trade relationships of its national economies with the U.S. economy suggest that the region's growth will be linked, in part, to that of the United States. Most countries in the region have flexible exchange rates, positive trade balances, and relatively low fiscal deficits and public debts. Regional inflation is lower than it was in the mid-1990s, and a relatively young labor force supports the region's economic growth prospects. Real GDP in non-OECD Central and South America (excluding Brazil) increases by an average of 3.2 percent per year from 2010 to 2040 in the AEO2013 Reference case.
In Africa, economic prospects for different countries vary widely across the continent. Oil exporters in northern Africa and most of sub-Saharan Africa continue to grow strongly. Nevertheless, both economic and political factors—such as low savings and investment rates, lack of strong economic and political institutions, limited quantity and quality of infrastructure and human capital, negative perceptions on the part of international investors, protracted civil unrest and political disturbances, and the impacts of various diseases—present formidable obstacles to the economies of a number of African countries. In the IEO2013 Reference case, Africa's combined real GDP increases by 4.6 percent per year on average from 2010 to 2040.
The slowest growing non-OECD region is the Middle East, where the average annual growth rate is 2.2 percent over the projection period. The Middle East region is challenged by continuing geopolitical instability that discourages foreign investment, as well as heavy reliance on commodity exports for economic growth. From 2003 to 2008, rising oil production and prices helped boost economic growth in the oil-exporting countries of the Middle East, many of which also benefited from spillover effects on trade, tourism, and financial flows from the region's oil exports [22]. In the short run, with relatively high world oil prices and rebounding demand for the region's export commodities, prospects for economic growth remain favorable. However, the medium to long term presents many challenges. Political turmoil and domestic unrest threaten to depress consumer confidence and investment. Demographic issues and the dependence of many Middle East countries on commodity exports for growth also are key challenges for regional economic growth prospects, with reliance on oil and natural gas revenues continuing through much of the projection period.
Sensitivity analyses in IEO2013
Alternative economic growth cases
Expectations for future rates of economic growth are a major source of uncertainty in the IEO2013 projections. To illustrate the uncertainties associated with economic growth trends, IEO2013 includes a High Economic Growth case and a Low Economic Growth case in addition to the Reference case. The two alternative growth cases use different assumptions about future economic growth paths, while maintaining the oil price path of the IEO2013 Reference case.
In the High Economic Growth case, real GDP in the OECD region increases by 2.3 percent per year from 2010 to 2040, as compared with 2.1 percent per year in the Reference case. In the non-OECD region—where uncertainty about future growth is higher than in the developed OECD economies, the High Economic Growth case assumes GDP growth of 5.2 percent per year, or 0.5 percentage points higher than in the Reference case. In the Low Economic Growth case, OECD GDP increases by 1.9 percent per year, or 0.3 percentage points lower than in the Reference case. GDP growth in the non-OECD region is assumed to average 4.1 percent per year, or 0.6 percentage points lower than in the Reference case.
In the Reference case, world energy consumption totals 820 quadrillion Btu in 2040—285 quadrillion Btu in the OECD countries and 535 quadrillion Btu in the non-OECD countries. In the High Economic Growth case, world energy use in 2040 is 946 quadrillion Btu—127 quadrillion Btu (about 63 million barrels oil equivalent per day) higher than in the Reference case. In the Low Growth Case, total world energy use in 2040 is 733 quadrillion Btu—87 quadrillion Btu (about 43 million barrels oil equivalent per day) lower than in the Reference case. Thus, the projections for 2040 in the High and Low Economic Growth cases span a range of uncertainty equal to 213 quadrillion Btu, equivalent to 41 percent of total world energy consumption in 2010 (Figure 28).
Alternative oil price cases
Expectations for future world oil prices are another major source of uncertainty in the IEO2013 projections. To illustrate the uncertainties associated with future oil prices, IEO2013 includes a Low Oil Price case and a High Oil Price case in addition to the Reference case. The two alternative oil price cases use different assumptions about future oil prices, based on four key factors: the economics of non-OPEC petroleum liquids supply; OPEC investment and production decisions; the economics of other liquids supply; and world demand for petroleum and other liquids. Each case represents one of many possible combinations of supply and demand that would result in the same price path.
In the Reference case, real oil prices (in 2011 dollars) rise from $110 per barrel in 2012 to $163 per barrel in 2040. The Reference case reflects mid-range expectations regarding exploration and development costs and accessibility of oil resources. It also assumes that OPEC producers will choose to maintain their share at 39 to 43 percent of the global liquid fuels market. In the Reference case, OECD consumption of petroleum and other liquids increases from 46.0 million barrels per day in 2010 to 46.4 million barrels per day in 2040, and non-OECD consumption of petroleum and other liquids increases from 40.7 million barrels per day to 68.6 million barrels per day.
In the Low Oil Price case, crude oil prices are $75 per barrel (2011 dollars) in 2040. GDP growth in the non-OECD countries averages 4.3 percent per year from 2010 to 2040, compared with Reference case growth of 4.7 percent per year. A combination of lower economic activity and lower prices results in non-OECD liquid fuel consumption in 2040 that is very close to that in the Reference case. In contrast, economic growth in the OECD regions is the same in the Low Oil Price case as in the Reference case, and lower prices encourage consumers to use more liquid fuels. On the supply side, OPEC countries increase their output above the Reference case level in the Low Oil Price case, obtaining a 51-percent share of total world petroleum and other liquids production by 2040. Oil production in the non-OPEC countries is lower than in the Reference case, however, because their more expensive resources cannot be brought to market economically.
In the High Oil Price case, oil prices reach $237 per barrel (2011 dollars) in 2040. GDP growth in the non-OECD countries averages 5.1 percent per year from 2010 to 2040 in the High Oil Price case, as compared with Reference case growth of 4.7 percent per year. With higher economic activity, non-OECD liquids consumption increases to 74.9 million barrels per day in 2040, 6.3 million barrels per day higher than in the Reference case. The increase is only partially offset by a decline in OECD liquids demand as consumers improve efficiency or switch to less expensive fuels where possible. On the supply side, oil production in the OPEC countries is lower in the High Price case, and their market share declines to between 37 percent and 39 percent. However, higher world oil prices allow non-OPEC countries to raise production from more costly resources, and their petroleum production is 65.7 million barrels per day in 2040, or 4.0 million barrels per day higher than in the Reference case. The economics of nonpetroleum liquids also benefit from the higher prices, and non-OPEC production totals 8.0 million barrels per day in 2040, or 3.5 million barrels per day higher than in the Reference case. Across the three price cases, OPEC production generally decreases, while non-OPEC petroleum production and other liquids production increase, when oil prices increase.
Data Tables
Reference Case Summary & Detailed Tables
Interactive Table Viewer ›
Provides custom data views of the IEO2014 Reference case and alternate cases.


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Comments Posted By hrosario
Displaying 1 To 3 Of 3 Comments
After writing my previous comment, a friend made me realize I you could have made positive comments rather than the ones that I did. The way I made my comments might not encourage anyone to raise their standards, which should have been my purpose in writing the comment. I guess I was frustrated after reading the article because it seemed to confirm a hunch I had. Three weeks ago, when we celebrated my
daughter's birthday at the temple, my in-laws bought a lot of junk food. I told my wife that I felt ashamed to take those things to the temple (Cheetos and other unofferable items). She asked some devotees and all were in agreement that it was fine to bring those things as part of the birthday party. I don't blame my wife or the devotees for the decision, but I can't help feeling very ashamed about it. Reading the article made me realize what a mistake I made. Perhaps I was speaking as a parent chastising a child. The problem is that I wasn't addressing my children. I guess I sometimes improperly "enter" the mood of a guru and criticize things, but I should instead focus on correcting my own flaws and on learning how to be a disciple. I should be very harsh with myself, yet very lenient with others (especially those not under my care). I thank my friend for helping me realize my mistake by his sincere words. I pray the devotees will forgive me and collectively help to raise our eating standards.
Your servant,
Comment Posted By hrosario On 19.10.2006 @ 15:59
Dear Caitanya Nitai Prabhu,
Dandavat pranams.
Thank you for your wise and direct words. I am a mere bhakta in training, but sometimes feel dismayed when I go to the temples and find devotees eating Cheetos, Coke or sandwiches prepared at bakeries. They say that they don't directly offer those things to the Deity but that they "throw a mantra" at the food. (I guess this is the mantra-ball game, which we are certain to lose.) Obviously they are eating bhoga. The sad part is that it has become acceptable. Mahaprabhu's standard, as given in Caitanya Bhagavata, is that He does not accept any bhoga from those who don't chant 64 rounds daily of the Hare Krishna maha-mantra. Srila Prabhupada was so kind that he is letting us offer things to him with a mere 16 rounds (although he says that chanting 64 rounds is the "only remedy" for curing the material disease). Still, we don't value his mercy enough and instead shamelessly continue with our bad habits. Brahmacarya anyone?
With regard to breads, though, a well-known pujari in ISKCON told me that when Srila Prabhupada was around, devotees wouldn't even offer grains prepared with yeast. That standard seems to have also been forgotten. It shouldn't surprise us though, when other more important principles like sannyasis not associating closely with females is neglected by many in saffron. Is this a sign of falldown?
Your servant,
Comment Posted By hrosario On 19.10.2006 @ 02:39
Chant (at least) One More Round: Increasing our attachment to the Holy Name
Dear Prabhuji,
Thank you for your kind words. I'm assistant professor of mathematics at the University of Puerto Rico. I got my PhD from Columbia University in New York. I am currently preparing a talk that I'll give at the Bhaktivedanta Institute's "Science and Spirituality" to be held this December in Jagannatha Puri. The title of the talk will be "Kurt Godel: Key to Undertanding God and the Universe in a Scientific and
Mathematical Way." I will address Godel's ontological argument on the existence of God, which is an improvement on St. Anselm's, Descartes', and Leibniz's arguments. I will also address Godel's conception of the material universe, which he developed in Princeton while enjoying the company of his friend Einstein. I will attempt to conect it to the fifth canto of Srimad Bhagavatam.
If you wish to corresponde, please email me at firstname.lastname@example.com.
Your servant,
Comment Posted By hrosario On 11.10.2006 @ 17:44
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Weekly Newsletter
When you sign up for the e-mail Parenting Tips Newsletter, you'll receive a weekly article dealing with particular issues facing parents of teens today. Included in that newsletter will be new products, upcoming events, and a calendar of Mark Gregston's upcoming speaking schedule. You'll also have an opportunity to read about the upcoming Parenting Today's Teens weekend radio program.


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Band Photo: Nonpoint (?)
United States
Last Known Status: Active
Latest Nonpoint News
Below is our complete Nonpoint news coverage, including columns and articles pertaining to the band. Some articles listed may be indirectly related, such as side projects of the band members, etc.
Note: We began associating news directly with bands in late 2003. Therefore, earlier band news may not be listed on this page.
Displaying records 1 - 20 of 99 1 2 3 4 5 Last
Nonpoint To Release New Album
Nonpoint is set to release eighth studio album, "The Return," on September 26th / 29th via Metal Blade Records (excluding North America). The new song "Breaking Skin" is streaming below, and you can find pre-order info at this location.
In February 2014, Nonpoint entered Groovemaster Studios with Grammy Award-nominated producer Johnny K (Disturbed, Staind, Megadeth) and engineer Daniel Salcidoto. It marked their second collaboration together.
Vocalist Elias Soriano elaborates: "I wanted to play with vocal patterns and tell longer stories in some places, while saying very little in others. The record has its own DNA because each song respectively does as well."
Drummer Robb Rivera goes on to say, "Johnny is like the sixth member of our band at this point! He works us, and he pulls no punches. It was such a natural thing that we only needed to track for three weeks. Johnny understands the band and what we are, and he encourages us to be ourselves."
Elias explains the meaning behind the first single: "It's about addiction, whether it be food, drugs, sex, lying, or anything, that tends to turn into an itch. You can't stop scratching it so you break skin. Then, you're bleeding. You need to get help at that point and deal with it."
"I want everybody to feel like they got a complete record from beginning to end," concludes Elias. "I want them to walk away with something substantial and true that they can hopefully come back to."
Robb leaves off, "Nonpoint has always been known for writing songs that help people. If we can help even one person feel better about his or her day, we've done well, as far as I'm concerned. I hope everybody gets something positive and can walk away with a smile." More...
Killswitch Engage To Headline Dirt Fest
Killswitch Engage will return to Michigan to headline Dirt Fest 2014. Coming off of a Rock On The Range appearance and a Grammy nomination for Best Rock Performance for "In Due Time" from latest Roadrunner Records release "Disarm the Descent," Killswitch closes the band's 2013-2014 World Tour at Dirt Fest 2014.
The 2014 Dirt Fest lineup includes: Killswitch Engage, Sid Wilson of Slipknot, Powerman 5000, Hed Pe, Nonpoint, Chimaira, Battlecross, Gemini Syndrome, Tantric, Smile Empty Soul, Local H, Redlight King, Like A Storm, Nothing More, Eyes Set To Kill, Gift Giver, Blue Felix, Psychostick, and a special mystery co-headliner to be announced on July 19th.
The town of Birch Run, MI will once again get turned on its head at Dirt Fest 2014 on Saturday, August 9th. The festival celebrates its 16th year and is hosted by Matt and Andy Dalton of Dalton Brothers Entertainment, along with Banana 101.5 FM. More...
Nonpoint Signs To Metal Blade
Metal Blade Records is excited to announce that Nonpoint will join its global roster of artists. Metal Blade will serve as the label home for the band worldwide.
"This is a dream situation for us. Just getting an offer from Metal Blade. We've always needed a team behind us outside of the U.S. It's a great feeling knowing you now have the best team possible." says Elias Soriano, the band's vocalist.
Drummer Robb Rivera comments: "We are excited to not only get THE worldwide label of labels to release our album outside of the US, but to be part of a family now that has pretty much set the bar for metal releases for 30 plus years. Needless to say, extremely excited to be able to get our music to the fans outside of the US through the team that helped launch Metallica."
Brian Slagel of Metal Blade Records adds, "All of us at Metal Blade are happy to welcome Nonpoint to the Metal Blade family. We are excited to work with them and the bit of new material I heard sounds great!!"
Nonpoint's eighth full-length album is scheduled for release this Fall, with further details forthcoming.
Black Stone Cherry Joins ShipRocked Cruise
For those looking to join the sold-out ShipRocked 2014, a limited number of staterooms have been released. The rock music cruise vacation sails round trip from the Port Of Miami to Great Stirrup Cay in the Bahamas from January 26th - 30th onboard the Norwegian Pearl. The remaining cabins are available on a first come first served basis at this location.
In addition, Tremonti (featuring Grammy Award winning guitarist Mark Tremonti), ShipRocked 2010 alumni Black Stone Cherry, and DJ Lippy Rage from Tulsa (spinning late-night) have been added to the power-packed ShipRocked bill.
The ShipRocked band lineup now includes headliners Five Finger Death Punch, along with Papa Roach, Three Days Grace, Sevendust, Candlebox, In This Moment, The Halo Method, Living Colour, Tremonti, Black Stone Cherry, Nonpoint, Love & Death (with Brian "Head" Welch), Aranda, Art of Dying, Young Guns, Crash Kings, Butcher Babies, Scorpion Child, Wilson, American Fangs, Digital Summer, and Andy Wood & The Amalgam.
ShipRocked will also feature two heavy metal-infused frenetic comedy performances from comedian and Saturday Night Live alum Jim Breuer, known for his impersonations of Metallica, Ozzy Osbourne and AC/DC. The 5-day ShipRocked cruise--fueled by Monster Energy--will include a special onboard DJ set by Neil Sanderson of Three Days Grace and a comedy set from Big Jay Oakerson. Rock and roll dance troupe Hells Belles Burlesque is slated for a pair of performances, and will be offering burlesque workshops during the cruise. In addition, Fuse TV's "Mistress Juliya" Chernetsky will join Kayla Riley of SiriusXM Radio and Ralph Sutton of Tour Bus Radio as guest emcees for ShipRocked 2014.
Nonpoint Posts Year-End Message
U.S. outfit Nonpoint has issued the following message to fans capping the end of the year:
"2013 was an amazing one for Nonpoint. We want to thank all at Razor and Tie for their dedication to us, all radio stations that spun Left For You and That Day, all the bands and crews we toured with, all clubs that let us play their stage, our families for understanding our job and most importantly all the fans that supported us by either buying cd's, merch, helped us stay on the road and just being the best fans any band could ever ask for and for welcoming Adam, Rasheed and Dave into the family. Thank you for making 2013 an amazing year for Nonpoint! We will see you in 2014!"
For more info on Nonpoint and upcoming activity from the band, head over to Facebook here.
Beyond The Shore Announces Tour Dates
Lexington, KY's Beyond The Shore will be hitting the road this November in support of latest album and Metal Blade Records debut, "Ghostwatcher," which was released earlier this year.
Beyond The Shore will be joining up with Nonpoint, My Ticket Home, and Digital Collapse on select dates of the "Lights, Camera, Action Tour" starting on 11/14 in Cleveland, OH.
The band also has an off date scheduled in Poughkeepsie, NY at The Loft, with more dates in the works.
11/14 - Cleveland, OH @ Peabody's
11/15 - Hartford, CT @ Webster Theatre
11/16 - Poughkeepsie, NY @ The Loft *not a part of Nonpoint tour
11/17 - Jeannete, PA @ Gators
11/19 - Albany, NY @ Bogies
11/21 - Libertyville, IL @ Austins Fuel Room
11/22 - Joliet, IL @ Mojoes More...
Lacuna Coil To Play ShipRocked
The ShipRocked 2014 band lineup has expanded with the addition of Lacuna Coil, Love & Death (featuring Brian "Head" Welch), Art of Dying, Butcher Babies, Scorpion Child, and Wilson.
The 5-day cruise will also feature a special onboard DJ set by Neil Sanderson of Three Days Grace and a comedy set from Big Jay Oakerson. Rock and roll dance troupe Hells Belles Burlesque is slated for a pair of performances, and will be offering burlesque workshops during the cruise.
The rock music cruise vacation onboard the Norwegian Pearl will depart from the Port Of Miami and will visit Great Stirrup Cay - a private island in the Bahamas - during the January 26th - 30th, 2014 excursion.
The current band lineup for ShipRocked 2014 - fueled by Monster Energy - includes: headliners Five Finger Death Punch, along with Papa Roach, Three Days Grace, Device (featuring David Draiman), Sevendust, Candlebox, In This Moment, Lacuna Coil, The Halo Method, Nonpoint, Love & Death (with Brian "Head" Welch), Aranda, Art of Dying, Young Guns, Crash Kings, Butcher Babies, Scorpion Child, Wilson, American Fangs, Digital Summer, and Andy Wood & The Amalgam. More...
WIIL Rock Fest Details Announced
95 WIIL ROCK of Kenosha, WI is pleased to announce the upcoming WIIL Rock Fest 2013, taking place at Shadow Hill Ranch in Twin Lakes, WI (2305 Lance Dr.) on August 24th.
The festival features Volbeat, HIM, All That Remains,, and Airbourne, as well as Adam Gontier (formerly of Three Days Grace), Nonpoint, Hurt, Smile Empy Soul, Trapt, Red Line Chemistry, Soil, Art of Dying, Wayland, Brand New Machine, Psychostick, and Edisun.
The fest is an all ages show, with GA Lawn tickets starting at $42. Gold Circle tickets start at $52, and platinum tickets are $99. Buy your tickets at Ticketmaster or get more info at the event's Facebook profile.
There will also be a WIIL ROCK Pre-Party Show (21+ only), taking place on Friday, August 23rd at The Brat Stop, located at 12304 75th St., (Hwy 50 & I-94) in Kenosha, WI. Tickets are $10 in advance and $12 day of show. Doors open at 7:00PM and the show kicks off at 8:00PM. More...
Pyschostick To Play Breast Fest Biker Bash
Comedy rockers Psychostick have announced they will be performing at this year's 5th annual Breast Fest Biker Bash at the Winnebago County Fairgrounds in Pecatonica, Illinois on July 20th, 2013. The appearance occurs alongside headliners Drowning Pool, Non Point, Pop Evil and many more.
Breast Fest Biker Bash is an annual fundraiser at Winnebago County Fairgrounds in Pecatonica, IL organized by the Iron Skulls Motorcycle Association to raise funds for Save The Ta-Tas Foundation, which supports independent scientific research of Breast Cancer.
Several bands will be performing over the three day festival along with vendors, tattoos by Sacred Art, free camping, best breast contests, pole dancing contests, tattoo contests, bike games, bike show and MMA fighting (only on the Friday). More...
Welcome To Rockville Expanded Lineup Announced
An expanded band lineup and festival experience has been announced for the third annual Monster Energy's Welcome To Rockville - April 27th and 28th 2013 - at Jacksonville's scenic Metropolitan Park along the beautiful St. Johns River.
As part of the enhanced festival weekend, Monster Energy's Welcome To Rockville will also feature the "Corona Light presents the Downtown Rockville Experience" -a Friday, April 26 pre-party and two after-parties on Saturday, April 27. Admission to the parties is FREE. The Friday, April 26 pre-party will feature Saliva with Evergreen Terrace at Underbelly in Jacksonville.
The Saturday, April 27 after parties include DJ Monk with special guests at 1904 Music Hall in Jacksonville, and Icey and Robert Goodman at Underbelly in Jacksonville. For full details, visit this location. More...
Welcome To Rockville Lineup Revealed
This year, the third annual Monster Energy's "Welcome To Rockville" festival expands to two days - April 27 & 28, 2013 - at Jacksonville's scenic Metropolitan Park along the St. Johns River.
The event will feature headlining performances from Alice In Chains and Limp Bizkit, as well as Jacksonville legends Lynyrd Skynyrd. The lineup for Welcome To Rockville also includes: 3 Doors Down, Shinedown, Stone Sour, Three Days Grace, Papa Roach, Bullet For My Valentine, Halestorm, Buckcherry, Hollywood Undead, Skillet, All That Remains, Device (featuring David Draiman from Disturbed), Asking Alexandria, Escape The Fate, Filter, In This Moment, Steel Panther, Motionless In White, Pop Evil, Otherwise, Saving Abel, Nonpoint, Red, Young Guns, Thousand Foot Krutch, Gemini Syndrome, Girl On Fire, and more.
A special Monster Energy's Welcome To Rockville ticket presale will take place on Tuesday, January 29th and Wednesday, January 30th at select Metro PCS stores. No ticket service fees will be charged during the presale. The regular ticket onsale begins Friday, February 1 at 10am EST at this location, all Ticketmaster locations, and select Metro PCS stores. Two-day General Admission tickets will be just $99.50 plus service fees and single day General Admission tickets will be $54.50 plus service fees. A limited number of two-day VIP tickets and hotel packages will also be available.
"After selling out the last two years of Monster Energy's Welcome To Rockville, I now see that the city is ready to bring a full-fledged two-day rock festival to downtown Jacksonville and make it a staple in North Florida music for years to come," says Danny Wimmer of Danny Wimmer Presents. "We have great radio partners at ROCK 104.5 and X102.9 providing amazing support to the city and event which will make this year's festival more massive than ever." More...
Nonpoint Reveals New U.S. Tour Dates
Nonpoint has checked in with the following announcement about new U.S. tour dates in January and February:
"2013 tour dates: spread the word on these shows if you live near or know someone in these areas. As far as when we are playing your city, please be patient. We have either played your city already or will be in the future. Thank you!"
w/Candlelight Red and Digital Summer
1/18 St Charles, IL River Rock House
1/19 Rochester, MN The Wicked Moose
1/20 Fargo, ND House Of Rock 2 The Hub
1/22 Minot, ND Original bar & Nightclub
1/23 Mandan ND O.N.E
1/24 Casper, WY The Place
1/25 Denver, CO Marquis Theater
1/26 Colorado Springs, Co The Black Sheep
1.27 Cheyenne, WY Atlas Theater
1/28 Grand Junction, CO Mesa Theater and Club
1/29 Salt Lake City, UT In The Venue
1/30 Billings, MT Manny's
1/31 Missoula, MT The Palace Lounge
2/1 Boise, ID Knitting Factory
2/2 Spokane, WA Knitting Factory
2/3 Seattle, WA El Corazon
2/5 Sacramento, CA Ace Of Spades
2/6 Reno, NV Knitting Factory
2/8 Las Vegas, NV Vinyl @ The Hard Rock Hotel
2/9 West Hollywood, Ca The Roxy Theater
2/10 Scottsdale, AZ Pub Rock Live
2/11 El Paso, TX Tricky Falls
2/12 Abilene, TX The Lucky Mule
2/13 Denton, TX Rocking Rodeo
2/15 Shreveport, LA The Riverside
2/16 Destin, FL Club LA
2/17 Savannah, Ga Wild Wing Cafe With POD
3/13 Augusta, Ga The Country Club Dance Hall
Nonpoint Posts New Track Online
Nonpoint has posted a new song online from the band's upcoming self-titled album, which is due out October 9th and can be pre-ordered at the band's website or at iTunes. The newly uploaded track "Go Time" is now available for streaming through Noisecreep.com here.
The "Nonpoint" track listing is as follows:
1. Lights, Camera, Action
2. The Way I See Things
3. I Said It
4. Left For You
5. International Crisis
6. Another Mistake
7. That Day
8. Pandora's Box
9. Go Time
10. Independence Day
11. Temper
12. Ashes
13. I Said It (Advance Mix)
14. Reborn (Bonus Track)
Nonpoint Heading Out For U.S. Tour
Nonpoint has announced a new string of upcoming tour dates starting this coming Wednesday. A full list of the newly confirmed shows can be found below. You can also check out studio footage of the band's time working on a new album at this location.
With Eye Empire
8/29 Tallahassee, Fl The Coliseum
8/30 Cape Coral, Fl Dixies Roadhouse
8/31 | Daytona Beach, FL | Frank's Front Row
9/1 | St. Petersburg, FL | State Theatre More...
Nonpoint Seeking Fans For Video Shoot
Nonpoint has issued the following announcement about seeking fans to appear in a music video shoot next week:
"We want you to be in the next Nonpoint music video! We're shooting a music video for 'I Said It' on Tuesday, July 24th at The Majestic in Madison, WI. Make sure you're there! Entry to the venue is free...details at this location."
You can also check out footage of the band in the studio working on new material over at this location.
Nonpoint Posts Studio Footage
Nonpoint has posted an in-studio video clip online discussing the making of the band's forthcoming self-titled album, coming soon on Razor & Tie. Check out the clip below.
The new album was produced/mixed by Grammy nominated Producer, Johnny K (Disturbed, Staind, Megadeth) and also features some additional production and mixing from Brian Virtue (30 Seconds To Mars, Chevelle). Virtue produced and mixed the first single "Left For You."
Nonpoint Streaming New Advance Track
Nonpoint has issued the following announcement about streaming a new advance track titled "I Said It" online:
"Here's a sneak peak for all of you patiently waiting for the next Nonpoint album! Stream 'I Said It' (advance mix) at the link below or head over to our website for a free download!"
You can also check out a previously posted in-studio video clip from Nonpoint at this location. More...
Nonpoint Posts New Album Recording Footage
Nonpoint has posted a sneak peek online of vocalist Elias Soriano recording the track "I Said It" from the band's forthcoming new album. Check out the clip below.
Further details on the upcoming new album, expected to be released later this year, will be announced as they are made available, and you can also find more info on Nonpoint at the band's Facebook profile.
Nonpoint Splits With Bassist And Guitarist
Nonpoint has checked in with the following announcement about splitting with the band's bassist and guitarist:
"After years of performing together, Nonpoint have confirmed that the band will be moving on without the service of guitarist Zach Broderick and founding member bassist Ken MacMillan.
"Founding members frontman Elias Soriano and drummer Robb Rivera will continue writing with new members for the forthcoming new Nonpoint album, which is slated for a 2012 summer release. Ken and Zach are currently involved in a new project that will be announced within the immediate future. Both parties wish to thank their fans for their continued support over the years. Please stay tuned for further announcements shortly."
A later post from the band via Facebook also reads:
"We want to thank all of you for your amazing comments regarding our current situation . Elias and I (Robb) have been working hard on new music with the newest chapter of the band. We are 21 songs deep into the record with this new lineup and we will not disappoint you. We did not expect for this to go easy in any way, shape or form. We understand that fans of certain bands get attached to members of said bands but unfortunately times change. Nonpoint will continue with new people, thank you for your support and see you very soon. New album out on Razor & Tie coming Spring of 2012"
New Metal Songs Added To The Rock Band Network
August Burns Red has been named the Rock Band Network artist of the month with the band's track "Mariana's Trench." The act will also be adding the song "Internal Cannon" to the network shortly (the music video for "Internal Cannon" is also available here).
This week's additions to the Xbox 360 edition of the Rock Band Network, including the non-metal tracks, is as follows:
Eminence - "Devil's Boulevard" (160 MSP)
Halcyon Way - "Desecration Day (2x Bass Pedal)" (80 MSP)
Morgawr - "Dawn (Blood Saga I)/Through the Maelström" (80 MSP)
Shakespeare in Hell - "Poor Yorick" (80 MSP)
Emery - "The Cheval Glass" (160 MSP)
Free Spirit - "Moonlight Ride" (160 MSP)
Free Spirit - "Shadow of a Man" (160 MSP)
Robin Skouteris - "American Hero vs. Done" (160 MSP) More...


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I bought a Celica in 2001 with four miles, I was 23. A GT.. the GTS didn't have the low end torque which I just loved. Today I sold it with 220864 for nearly 1k. I'll be 31.
I also bought a Legacy Special Edition. I've a few questions for those of you who have owned subys for years.
I want to get my hands on the legacy shop manuals. They're out there somewhere and.. I am interested in finding a complete issue. I don't go to the dealers for help, nor do I visit mechanics for help. I am my mechanic for my vehicle.
I've also been told that I need to change my differential fluid for the awd every 30k, is this true?
2009 Legacy Spc Ed, 7 miles, two weeks on the lot. 19,1k. Have I just made the mistake of my decade? I bought it at 6p and she hasn't seen many hours of light in my possession yet..


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That, of course, bears the name "New York." And the Charlotte Bobcats wore their respective "Carolina Cougars" throwback jersey. The Bobcats announcer thus referred to the two teams as the "New York Nets" and the "Carolina Cougars…"
…I realized I have to get used to referring to the Nets as a New York team. That's gonna be so weird… :/


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Well, about 15 years ago when I worked as Croatian TV ENG sound technician, we had a small device called Phantom power unit produced by Sennheiser. This thingy was used only to set 12 or 48V power supply for MKH 416 series mikes used on old U-matic VCR which was not able to do direct power supply to the mike. Try to find somewhere that little black box with 9V R21 battery inside and two XLRs (in and out) connectors and if you find it, that will be perfect solution for your problem.
Just in case that your mike needs less power than 12 or 48V, there are plenty of attenuation XLR plug adapters which have to be connected btw mike and unit and they can be found in every well-equipped Electronic shop (like there is Chipoteka in Zagreb, Croatia....an Electronic Heaven as I used to call it)
The European Union has also a sort counter secret service, I suggest that the Europol gets suspicious near the end of the movie and starts an investigation regarding the struggle underneath the European skin causing the others to hurry up and do funny things in order to move on.
Okay, here's the situation:
-I want to plug a boom microphone into my Canon HG20 camera, which has a non-powered 3.5mm audio input and a powered audio cradle.
-I have a fairly good quality Olympus ME31 3.5mm mic which produces excellent audio quality when I record stuff on my computer.
-Unfortunately the mic requires an external power source which my camera apparently isn't providing, so the mic does work on my computer for example but not when attached to the camera.
-The camera's powered mic cradle only works with Canon equipment, and the only Canon mic I can find for it isn't suitable for boom work as it attaches to the top of the camera.
What can I do?
I've tried looking on the web for a solution to this problem, but the only things I can find are scary complex-looking electronics projects involving circuit diagrams and soldering irons. I'm not really up to the job of building my own power supply, nor would I dare attach a self-built power supply to my camera.
Is there any kind of off-the-shelf power system that could let me power the microphone while it's plugged into the camera?
I've even got a pretty good improvised boom pole (a telescopic carbon-fibre fishing net handle) so everything else is in place, I just need to find some way to get the microphone powered.
Are any of these characters female?
Right, the basic plot of the film will take place in Finland, with the Finnish counter-espionage service coming across a very interesting item which belongs to a foreign intelligence service. The foreign power (another EU member) wants it back, which is what forms the story of the film.
The Finnish team will consist of perhaps five or six main characters who are the unit that is dealing with this particular item. They have to analyse it and protect it from being stolen, so there would be a mixture of science and policework involved.
I'm sure the Finns on this site will have suggestions about the names, but what kind of characters would you see being part of this unit?
I've got some ideas of my own (e.g. a master and apprentice pair) but what characters would YOU use if you were writing the script?
You can give several shots for several characters if you want.
To help you out, here are some rough outlines:
-Leader of the unit, like the captain of a ship.
-Analyst 1, deals with getting the details of the intelligence item, a scientific kind of job.
-Analyst 2, as above.
-Office Agent 1, does the James Bond type stuff of actually going in the field and watching people etc. A police officer kind of job.
-Office Agent 2, as above.
Obviously these are five different people so the two analysts and two agents aren't clones of each other, even if they're in the same jobs.
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Impressions, the right place to go for pampering yourself while experiencing our best treatments which gives you the best result.
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You know, I don't think I've ever been in a PUG that's actually made it even halfway through an instance, much less finish the thing. You either get some guy that thinks he's rambo and charges into the mobs without warning anyone, or they start fighting over some useless green drop. Whatever the reason, at least one person will bow out of the group before completion, thus dissolving the entire party. It's inevitable with PUGs.
No wonder no one ever ever uses the Meeting stones. It's impossible to do instances in the game without a commited guild. They just take way too long for casual gamers, guys with angry wives, and kids with ADD.


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How Christmas Helped Me Discover—and Eventually Reclaim—My Jewish Roots
When I was a child, my family's history was hidden from me. Now I've made sure that my own child will always know where she came from.
I was born in the shadow of a secret.
My family was Christian. As a small girl, I loved to go into the cool church basement and make crosses out of Popsicle sticks and glue. I loved to hear my father in the pew beside me, loud and off key: Sons of God, here is Holy Word … He sang with more fervor than the rest of us, like he really believed. Or maybe like he had something to prove.
Like every Christian child, I especially loved—surprise!—Christmas. It wasn't just the mountain of presents under the tree. I also thrilled to the more spiritual side of the season: the molten glow of Christmas lights under a soft dusting of snow; the tapestry of song weaved by the voices of the carolers who came to our front door. On Christmas Eve we bundled in our wood-paneled station wagon and went to midnight Mass. It was hours later than I was usually allowed to stay up, and I remember the long snowy drive through the darkness, my breath smoking in the cold, and the sense of anticipation, that something monumental was about to happen. In the morning I raced to the window to see my mother's parents turning into the driveway, then teetering up our walk, their arms overburdened with packages. Less frequently, my father's parents came. They spoke in thick European accents, and we treated them like royalty, bringing them breakfast in bed, tiptoeing around the house when they slept. They loved seeing my sister and me, but I knew that they didn't love Christmas.
I couldn't imagine why.
Ironically, I first stumbled on our family secret at Christmas. I was 8 or 9 years old. We were celebrating with Dad's family that year: a shaggy pine tree in the corner bent under the weight of lights and candy canes. My Auntie Sheila was speaking to my mother, telling her something about a couple they both knew, the husband Jewish, the wife a gentile.
And me? I was cruising a plate of Black Magic chocolates, trying to guess which one would have a pink center.
Above me, I heard Auntie Sheila say, "So, their daughter isn't Jewish. Because Judaism always comes from the mother."
I bit into a chocolate and screwed up my face: marzipan.
Mum: "So, our girls aren't … ?"
"Our girls aren't Jewish, either," Auntie Sheila said. "Family secret or no family secret."
"Even though their fathers … "
"Right. Because we aren't," my aunt said.
I remember this moment like they show it in cartoons, a little light bulb appearing in the air above my head, and the sound effect, the clear ting of a bell. My brain was working fast, trying to process this information. Who did Auntie Sheila mean by "our girls"? She meant my cousins, and my sister. And me.
I put my half-eaten marzipan back on the plate.
I was not Jewish because my mother was not Jewish. But my father, the implication seemed to be …
My father, who loves to sing hymns at church, found out he is Jewish by accident in his early twenties. He was touring Europe with some college friends; at the cemetery in Prague the tour guide pulled him aside. "Don't you know that Pick is a Jewish name?"
I can see it so clearly. Dad pauses, his eyes on one of the granite tombstones. His heart is suddenly pounding. He feels that he is being told both something ridiculously implausible and something that makes his whole life make sense. He looks around for his friends who have conveniently disappeared; he can see them over by the iron gates rolling cigarettes. "I'm not Jewish," Dad says.
The tour guide shrugs. "Your name is."
"Well, I'm not."
The guide shrugs again. "Suit yourself."
From somewhere far away, outside the cemetery walls, comes the sad low whistle of a passenger train.
Back home in Canada, it took Dad not weeks, not months, but years to work up the nerve to ask whether what the guide said was true. When he finally approached his mother in the kitchen, she got a look in her eye—part fear, part relief—and called upstairs to my grandfather, "He knows!"
There was a single conversation. Dad asked, and his parents didn't lie. They told him about their relatives who died in Auschwitz and about their decision to renounce their past. Decades passed before anyone in our family spoke of it again.
I try to imagine what this revelation must have been like for Dad. What it would be like to spend your whole life thinking you were one thing, only to find out you are something else entirely. That everything you thought you knew—your church, your school, the food your family ate—was a carefully constructed fabrication designed to mislead even the most casual observer. Implicit in this charade, unspoken and therefore all the more terrible, was the knowledge that the truth had killed your family.
Dad was born in 1944, when his young parents were newcomers in Canada from Czeochoslovakia. He was an infant when the news of the concentration camps was released, when those infamous lists were being published. His maternal grandparents, the aunts he'd never known, the flesh of his flesh among those names.
When I was 10 years old, a friend approached me at the bottom of the red slide on the playground. "Your Dad is Jewish," he said.
I remembered the conversation between my mother and aunt, but I still said, automatically, "No, he's not."
"Yes, he is. My mom says."
"No, he's not."
"Yes, he is."
It wasn't a complex conversation—but it scared me. I knew that I could not go home and ask my father.
Then, in high school, we studied the Holocaust. I sat in a dark room that smelled of peanut butter and gym shoes while the footage of the liberation of Auschwitz flickered on a huge screen in front of me. I was horrified—of course!—but my own connection was still murky. I didn't feel I had any special relationship to what I was seeing. The image of the skeletons piled up in the mass graves seemed abstract, as though it might have been staged.
Still, though, the clues were beginning to add up. Something wasn't right in our family. Something was lurking, biding its time. It seemed to be pulling at me, a hand on my ankle, a persistent tugging I could no longer resist.
Eventually, I did come to understand the truth. I don't remember the exact moment, only suddenly knowing, as though it had always been that way. Dad's parents were Jewish, which meant Dad himself was, too. My grandmother's parents died in concentration camps. They had exit visas and all the paperwork required to leave Czechoslovakia, but they loved their homeland passionately and refused to believe they were in danger until it was too late.
My grandparents escaped and came to Canada where they saw a club that had a sign on the door: No Dogs or Jews Allowed. They had never practiced their faith—at least that's the story I always heard—and so renouncing it was easy. They never imagined that, 70 years later, their granddaughter would get caught in their web of lies.
I wasn't a child who wanted to be a writer. In university, I studied psychology. It wasn't until the final year of my undergraduate degree, when I took a creative writing class as a lark, that I understood what I would do with my life. Happily, though—and luckily—once I'd made this discovery, things happened quickly. I had an incredible teacher who encouraged me to send out my poems, and presto! They got published. I still can't understand how.
If the poems themselves were amateurish, the enthusiasm was real. I stayed up past midnight, dreaming up similes and metaphors. I sharpened my pencils. I was in love, and I got dumped, and I wrote poems about my poor broken heart, and poems about Nature with a capital N, and a series of still lives about fruit. Still, I knew instinctively that these weren't the real poems I wanted to write. Over the years I'd learned more about my grandmother and her life after the Holocaust, and those were the poems that came tugging at me in the early morning hours, their little fists reaching up to me like children.
There was only one problem: We were still forbidden from discussing this part of our past.
Throwing Out the Ten Commandments—the Ones That Once Sat Atop My Cake
I found a memento from my bar mitzvah in my parents' house. Was it finally time to let go of the past, or was it worth keeping?


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"Uhura" comes from the Swahili word UHURU meaning "freedom". Uhura was pretty much the first ever black main character on American television who was not a maid or a domestic servant in 1966. TV network NBC refused to let Nichelle Nichols be a regular, claiming Deep South affiliates would be angered, so Star Trek creator Gene Roddenberry hired her as a "day worker," but still included her in almost every episode. She actually made more money than any of the other actors through this workaround, and it was kept secret from the other actors, but it was still a humiliating second-class status. The network people made life hard for Nichols, constantly trying to pare down her screen time, purposefully dropping racist comments in her presence and even withholding her fan mail from her. This deplorable state of affairs led Nichols to make the decision to quit after the 1st season, but then she happened to meet the Reverend Martin Luther King, Jr. who pleaded with her to stick with the show because as a Black woman she was portraying the first non-stereotypical role on television.
- after Star Trek was cancelled, she volunteered for a special project with NASA to recruit minority and female personnel for the space agency
- those recruited include: Dr. Sally Ride (the first American female astronaut), United States Air Force Colonel Guion Bluford (the first African-American astronaut), Dr. Judith Resnik and Dr. Ronald McNair (who both flew successful missions during the Space Shuttle program before their deaths in the Space Shuttle Challenger disaster), Charles Bolden (current NASA administrator), and Lori Garver (current Deputy Administrator).
- she flew aboard NASA's C-141 Astronomy Observatory, which analyzed the atmospheres of Mars and Saturn on an eight-hour, high-altitude mission
The Daughter of Dawn, an 80-minute feature film, was shot in July of 1920 in the Wichita Mountains Wildlife Refuge near Lawton, southwest Oklahoma. It was unique in the annals of silent film (or talkies, for that matter) for having a cast of 300 Comanches and Kiowas who brought their own clothes, horses, tipis, everyday props and who told their story without a single reference to the United States Cavalry. It was a love story, a four-person star-crossed romance that ends with the two main characters together happily ever after. There are two buffalo hunt sequences with actual herds of buffalo being chased down by hunters on bareback just as they had done on the Plains 50 years earlier.


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Jason Ralph said...
I was jazzed for Goblins. Til their voices changed. They sound like they are from the Bronx or something. So I will pass on making my DK a Goblin (yes, I waited). I thought the Worgen were Jacob... Until I read the comic and I'm hooked. It's the only race's history I find almost intriguing as the Blood Elves (yes, I'm THAT HORDE PLAYER; WC3: Frozen Throne FTW). So, now I'll have a character on both sides. Works for me. Funny. My alt will be an Alliance character and ganking my guildies FTW LMAO


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Price Manufacturing assigns overhead based on machine hours. Department A logs 1,200 machine hours and Department B shows 2,000 machine hours for the period. If the overhead rate is $5 per machine hour, the entry to assign overhead will show a a) debit to Manufacturing Overhead for $16,000....
On February 1, 2004, one of the huge storage tanks of Paunee Manufacturing Company exploded. Windows in houses and other buildings within a one-mile radius of the explosion were severely damaged, and a number of people were injured. As of February 15, 2004 (when the December 31, 2003, financial...
Review the requirements of Statement of Financial Accounting Standards (SFAS) No. 5, Accounting for Contingencies. Describe the three ranges of loss contingencies outlined in SFAS No. 5 and summarize briefly the accounting aid disclosure requirements for each of the three ranges.
Understand the role and timing of client attorney responses to the auditor
The flow of data in a computerized accounting information system is...?
You are the financial officer for Music Plus, a retailer that sells goods for home entertainment needs. The business owner, Jaime Madsen recently reviewed the annual financial statements you prepared and sent you an e-mail stating that he thinks you overstated net income. He explains that...
138. A company paid $500,000 for 12% bonds with a par value of $500,000. The bonds pay 6% interest semiannually on September 1 and March 1. The company intends to hold the bonds until they mature. Prepare the journal entries for the following dates and transactions related to this bond acquisition
"1. On March 31, 2007, Hanson Corporation sold $5,000,000 of its 8%, 10-year bonds for $4,807,500 including accrued interest. The bonds were dated January 1, 2007. Interest is paid semiannually on January 1 and July 1. On April 1, 2011, Hanson purchased 1/2 of the bonds on the open...
"On January 1, 2010, Fishbone Corporation sold a building that cost $250,000 and that had accumulated depreciation of $100,000 on the date of sale. Fishbone received as consideration a $240,000 noninterest-bearing note due on January 1, 2013. There was no established exchange price for...
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Coldwell Banker Schmidt, Realtors- View Local Website
71 West Fourth Street Suttons Bay, MI - View on map
Phone: (231) 271-6161
Fax: (231) 271-4092
Interested in a career in Real Estate? Work with a Real Estate company that works for you. Learn more about Careers with us, or
Contact Coldwell Banker Schmidt, Realtors
Office: Coldwell Banker Schmidt, Realtors Address: 71 West Fourth Street, Suttons Bay, MI 49682 Office Phone: (231) 271-6161 Fax: (231) 271-4092 Email: firstname.lastname@example.com
About Coldwell Banker Schmidt, Realtors40 Offices in West and Northern Michigan to serve all of your real estate needs. Brokerage, Title, and Mortgage Services. Lake Leelanau, Glen Lake, and Grand Traverse Bay Properties
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