Biography of presidential candidate Barack Obama Essay

Biography of presidential candidate Barack Obama - Essay Example As for his personal life, his parents got separated when he was merely 2 years old and they divorced at a later stage. His mother remarried and moved to Indonesia in the year 1967 where Obama attended local schools at Jakarta and then returned to Honolulu to spend his time with his grandparents as he attended school from the fifth grade onwards. He graduated from high school in 1979. (Curry, 2004) Obama went ahead towards Los Angeles where he got enrolled at Occidental College and then made his way towards New York City to transfer his educational qualifications at the Columbia University. Barack Obama majored in political science and his specialization was within international relations subject. He worked at Business International Corporation and later switched to New York Public Interest Research Group. He also taught constitutional law at the University of Chicago Law School for a period of 12 years and became a lecturer for another 4 years. After this, he was appointed as Senior Lecturer for 8 years. He is also a member of a number of companies and sits at the board of governors/directors for them. Some of these companies include Public Allies Chicago, Woods Fund, The Joyce Foundation, Chicago Annenberg Challenge, Chicago Lawyers’ Committee for Civil Rights Under Law and a few others. The dominating impression about Obama is that he will bring about a change and this is the aspect that he is highlighting the most. He has awakened a new sense of energy within the people through his refreshing and innovative ideas. Critics seem to think of him as an immature President to-be but then again some are supporting him for the mere reason of change that Obama has clung on to for so long now. Obama supports the basis of a free market for America as well as encourages the widespread economic security basis all over the world. Obama is of the view that terror can only be curtailed if the perspective of the terrorists could be

Competition Essay Example | Topics and Well Written Essays - 750 words

Competition - Essay Example The regulations are put in place to help reduce the conflicts in the commercial; procedures like those of maximizing profits. The entities may require raising the profits and the only way they find to do this is to raise the prices of their products where the burden ends up with the people. The government, therefore, comes in and regulates this to avoid conflicts as well as to ensure that the functioning of the business is taken care of. These regulations come with laws like the minimum wage laws which act in the same way as minimum price laws. When this is implemented, workers who produce less than the minimum wages are laid off leading to unnecessary unemployment. The market efficiency and transparency reduces due to these regulations especially if they work against insider trading. The result of this is that the share price becomes higher than that which would have been if the insiders were allowed to use their information. Inadvertently, the outsiders who were to be protected end s up paying higher prices for the same shares and loses more than they would actually have lost. These regulations have led to market imbalance in some cases. If the amount demanded and supplied is the same and the regulations bring about a fall in the prices, then the supply will reduce and the demand will increase. To solve these imbalances, there have arisen cases of black markets and other dubious means of avoiding the effects of the regulations. Monopoly market structures are the most affected by these regulations as they work independently. The government advocates for the customers to have access to their information, set the price controls and also regulate their operations in the countries of operations. The effect of these is that new markets are opened that bring about competition and thereby increased efficiency and quality services. There is liberalization which is promoted that leads to the mobility of labor, financial capital, goods and services. These bring about new businesses into the industry and intensify competition. [Djankov, Simeon et al, 2002] The competitive market structures are effected through the laws that govern their operations and competitive strategies. Certain acts are prohibited like setting very low prices to accrue short term losses at the expense of the other competitors so that they may even end up closing down. The regulations also govern the number of similar businesses in a certain area. The monopolistically competitive markets have been forced to provide enough information regarding their products. In these markets the consumers have relied on the advertisements which sometimes have given a super perspective of the products. The government regulation has had to control the prices in these firms because in the long run, these firms set prices that are very low to kick out their rivals from the market through their slightly differentiated products which is prohibited. Sometimes these firms set high prices especially bec ause the marginal cost is less than the price in the long run. In a monopsony, the government works together with a monopsonist consumer to ensure that the partial regulations are in place to work at the right time. The government analyses how the consumer is to be protected and also when there should be the intervention from other sources. The second market structure that also faces regulation is an oligopoly market structure. This market structure involves a situation which falls in between perfect competition and monopoly. It refers to few firms