Compare and contrast obama and mc cain Essay Example | Topics and Well Written Essays - 1500 words

Compare and contrast obama and mc cain - Essay Example President Obama went to high school in Hawaii, and attended college at Columbia University in New York. At Columbia, Barack attained his B.A. in political science with a specialization in International Relations. (Wikipedia 2009, 1) Later on, after being a community organizer for awhile on the South Side of Chicago—helping Blacks, Latinos, and whites in the midst of an economic crisis due to steel mill closures—Barack decided to attend law school. Barack matriculated to Harvard Law School in 1988. He was selected as the first Black student to become the head of the Harvard Law Review. (Wikipedia 2009, 1) For twelve years, Barack was a constitutional law professor at the University of Chicago; for seven years, he was appointed state legislator in the Illinois Senate; and finally, for four years, Barack was a U.S. Senator for Illinois. (Wikipedia 2009, 1) Dreams From My Father: A Story of Race and Inheritance is a memoir that the President wrote telling about the time from the beginning of his life in Hawaii up until his entry into Harvard Law School. (Wikipedia 2009, 1) This book told about the challenges he had growing up in a household, where his father was a Kenyan and his white mother from Kansas raised him. In his next book, The Audacity of Hope: Thoughts on Reclaiming the American Dream, Obama based his work on a speech at the 2004 Democratic National Convention, and also was inspired by a sermon of his then-pastor, Rev. Jeremiah Wright. (Wikipedia 2009, 1) It was at the Convention that Obama first rose to national prominence, where there was talk of him becoming a Presidential contender. (Wikipedia 2009, 1) John McCain, like Obama, had a very solid educational background. McCain, like his father and grandfather, followed his male antecedents into the service of the Navy, graduating from the U.S. Naval Academy in 1958. (Wikipedia 2009, 1) McCain, also a strong writer, having written five books. His book titles are as

European Union Debt Essay Example | Topics and Well Written Essays - 500 words

European Union Debt - Essay Example The European Union debt crisis was a fusion of complex elements in the world market. The globalization of finance and facilitation of easier access to credit in 2002-2008 period enhanced risky lending and borrowing among the member states. Moreover, the fiscal policies, trade imbalances and property bubbles accelerated the dept status (Dikson, Julie, and Pavlos 30). The governments were losing money following the banking system bailouts to defaulters of the property bubble. Furthermore, the pension commitments and the unsustainable public wages increased the debt level (Lynn 11). The increased capital and savings in the global pool of the European Union and other investors set the policy and regulatory structures in the member countries. This is because lenders and borrowers were quick to transact thus generating economic bubbles in each continent (El-Agraa 39). A decline in the monetary value resulted in significant losses and declines in property values. However, the liabilities owed to the global investors remained at constant prices resulting in major losses to the borrowers and insolvency of banks and government (Crifò 30). According to Sanghera (21), the Northern countries, such as Norway and Sweden, were able to cope with the crisis because their governments lent capital to property developers. This generated huge property bubbles. When the bubbles collapsed, their governments and citizens assumed private debts. These reduced excessive burden to the government to bail the nation out. After some time, these nations were able to retain a fair economic position with better employment percentage. In Greece, however, the government enhanced its commitment to the public employees by facilitating higher wages and pension settlements. Notably, the employment wage bill doubled exponentially in real terms. Moreover, the banking systems grew quickly creating enormous external