The Ku Klux Klan and Real-Estate Agents Essay - 911 Words

At first glance the Ku Klux Klan and real-estate agents vary greatly in their motives, profession, and even morals which influence different actions. However, when glancing at the human characteristics of each group’s actions and the incentives behind each approach, microeconomics links the two correlations on one common ground: information. Information can be both beneficial and costly depending on the viewpoint as either the household or firm. When considering, for instance, information regarding housing prices available to the public on the internet, real-estate agents lose a portion of asymmetry where information which is known by the agent is not necessarily known by the household. This use of information as a scarce resource can†¦show more content†¦Once the purpose of the Ku Klux Klan shifted from a focus on lynching to a more social aspect, the group survived through using information as a scare resource. The advantage of becoming a Ku Klux Klan member theref ore decreased when this secret information became public with the assistance of Stetson Kennedy and his insider John Brown. The situation can be viewed in terms of the law of demand comparing the quantity of secrets exposed to the public, to the value of membership. As displayed by an inverse relationship, an increase in the amount of secrets exposed to the public created a decrease in the value of the Klan membership. With the growing amount of once secret information presented on the radio, members had less incentive to stay in the organization. Similar to the Ku Klux Klan, real-estate agents survive on the basis of asymmetrical advantages. However unlike the Ku Klux Klan, most information for selling or buying a home is available on the internet for any individual to see. Despite this public availability, people still chose to hire a real-estate agent. Considering the time spent to sell/buy a home increases if an individual was to alone make this decision, the benefit of another more specialized consultant often outweighs the initial cost. People therefore rely on the real-estate agent to make the best choices for that client, even if it is of human nature for the agent to act in his/her best interests. The agents themselves also evaluate theShow MoreRelatedKu Klux Klan And Real Estate Agents915 Words   |  4 Pages Most people, when hearing the title Ku Klux Klan, think of White Moderates in robes attacking the homes of minorities in the 1860s. But, when journalist Stephen J. Dubner and economist Steven Levitt hear Ku K lux Klan, they recall the resemblances of the terrorist group to Real-Estate agents. These two companies make the most unlikely comparisons to one another. Both groups use the select transfer of information, fear to scare people, and discriminate people not included in their â€Å"circles.† EachRead MoreThe KKK and Real Estate Essay1227 Words   |  5 PagesTo what extent are real estate agents similar to the Ku Klux Klan? There is no stronger incentive than fear. Clans and secret societies are everywhere; Lawyers, police man, business man, politicians, life insurance sellers, car sellers and real estate agents are just some examples .The difference between them and the Ku Klux Klan is the aim and the means used to achieve their objective. The Klan’s aims is â€Å"by force and terror ,to prevent al political action not in accord with the views of memberRead MoreAnalysis Of The Book Freakonomics By Steven D. Levitt1195 Words   |  5 Pagessurprising, occasionally funny, and always enlightening. They do so by drawing unexpected connections between two greatly different but complementary aspects of sociology and economics, such as sumo wrestlers to school teachers, KKK members to the real estate agents, and lastly, crack gangs to McDonalds. In chapter one of Freakonomics, the comparison between school teachers and sumo wrestlers is a juxtaposition that was introduced in this book. The Chicago Public School System is an example of how teachersRead MoreThe Book That Caught My Eye Was Freakonomics : A Rogue Economist1967 Words   |  8 Pageschapter has one main example expressing commonalities between groups. The next example we see in chapter two is how is the Ku Klux Klan is like a group of real-estate agents. This chapter was harder for me to grasp so I had to read it multiple times to fully understand the point that the author was trying to get across. The overall commonality between the Ku Klux Klan and real-estate is this: false public proclamations. The economic term related to this is information asymmetry. The term is defined asRead MoreFreakonomics Essay737 Words   |  3 Pageswriter. The two met in Chicago, and the result was Freakonomics, a book that claims to explore the hidden side of everything, using r eal-life examples such as studies and polls conducted by Levitt to explain how economics is everywhere, that economics is how the world really functions. Through everything from analyzing the inner thought processes of real-estate agents and crack dealers, to predicting the next popular baby names, Levitt and Dubner guide readers to think differently, ask questions,Read MoreFreakonomics by Steven D. Levitt Stephen J. Dubner  Is Based  on These Fundamental Ideas: Incentives, Conventional Wisdom, â€Å"Experts†-Use Their Informational Advantage897 Words   |  4 Pagesof intense lynchings given the decade’s racial strife â€Å"Experts†Ã¢â‚¬â€from criminologists to real-estate agents—use their informational advantage to serve their own agenda. However, they can be beat at their own game. And in the face of the Internet, their informational advantage is shrinking every day—as evidenced by, among other things, the falling price of coffins and life-insurance premiums. A real-estate agent’s job would seem to persuade the homeowner to sell for less than he would like, at theRead MoreRhetorical Devices in Freakonomics1293 Words   |  6 Pagesdifferent. It did present a victim. The victim was Paul Feldman.† (Levitt/Dubner 46) Argument: How is the Ku Klux Klan like a Group of Real-Estate Agents? The second chapter of Freakonomics states that, though this is not a common ideal, information is one of the most valuable currencies. The author proves this point by dissecting the informational advantages real estate agents and the Ku Klux Klan once withheld during the peak of their existences. Both zeniths occurred BEFORE the birth of the internet’sRead MoreThesis Of Freakonomics1352 Words   |  6 PagesThere are five important principles in this book which are â€Å"Incentives are the cornerstone of modern life†, â€Å"The conventional wisdom is often wrong†, â€Å"Dramatic effects often have distant, even subtle, causes†, â€Å"Experts—from criminologists to real-estate agents—use their informational advantage to serve their own agenda†, and â€Å"Knowing what to measure and how to measure it makes a complicated world much less so†. The thesis of this book is that it is important to question and think sensibly about theRe ad MoreFreakonomics by Steven Dubner and Steven Levitt990 Words   |  4 PagesSide of Everything† which is the best phrase to describe the books purpose. The book doesn’t have a set plot line like most books. The book makes people think about things different from how they normally would; for instance, the concept of real estate agents as the KKK. In the book Levitt and Dubner prove many times that correlation does not mean causation. However the book then goes in and provides of examples of how two unrelated items could in fact be connected. Thus, they are able to prove mostRead MoreFreakonomics by by Steven D. Levitt and Stephen J. Dunbar Essay1723 Words   |  7 Pagesreciprocating in less important matches, so that top wrestlers can maintain their status. Levitt points out that both groups under the right circumstances will cheat for similar reasons. In Chapter 2 the question is How is the Ku Klux Klan like a group of real estate agents? This chapter is all about information and how it can be used as one of the most powerful economic tools. The author claims that much of the KKK’s power came from the fact that so much of what was done was a mystery to most people

Playing Basketball Essay - 695 Words

Playing Basketball Being part of the basketball clique in high school helped me learn the intrapersonal and social communication skills I use today. As a child playing basketball was my favorite activity or hobby. Its also the way I met a lot of my good friends that I have now. All my close friends I have met. I have met them through playing basketball.. Whether they were on my team, the opposing team or just fans in the crowd who admired my play. Not only has basketball helped me gain friends, but basketball also taught me a lot about life. There are many aspects of life that coincide with basketball. For instance basketball is a team game and an individual game. Like in life you have to work together with other people. The†¦show more content†¦Me on the other hand, I had older friends that I had already made through basketball. So when I got to high school even though I was nervous I had a clique that I fit and hung out with . As I hung out more with the basketball team I started to break ou t of my shell. Some of the great experiences I remember were the bus rides to games. We use to make up songs or just crack jokes on each other. My clique in high school was well know we were known as the ?ballers?. We got along with all the other people at school. My basketball clique went everywhere together we even had a weekly senior ditch day to the beach. We went to all the dances in groups and had fun. By the end of my four years I gained about ten brothers that I knew I could rely on and call for anything at any time. From freshman year to the time I graduated I became a whole new person thanks to my teammates and all my experiences that I shared with them. I learned how to talk in both a one on one and group situation. Thanks to basketball I had developed the fundamental skills to communicate to friends and family. Being the point guard on the team I had to relay the message from the coach to the other teammates. So I learned how to communicate and be heard in a big group. L ike when I saw something that I thought someone was doing wrong I had to speak up and let them know what they need to day. I then took those skills to my everyday real life situations. I no longer held my tongueShow MoreRelatedA Experiment On Playing Basketball1141 Words   |  5 Pagesconducted because of a love of basketball. The tested variable was the basketball court surface that gave the basketball the highest bounce in inches. After testing each surface, the data was averaged. Based on the data, the multi-purpose floor averaged .7 inches higher than the hardwood, which was 3.3 inches higher than the concrete. Introduction â€Å"Playing basketball can be hard work. Players not only have to run around the court, but just dribbling the basketball takes some serious effort, too.†Read MoreMy Experience With Playing Basketball1550 Words   |  7 PagesTo most basketball is just a game but to me it is so much more. Playing basketball for over 15 years has taught me a lot about life and myself. Whether there is a crowd of people watching me or I am the only one in the gym, once I step on to the court my mind becomes free. There is something about an empty court, headphones in my ears, and the ball in my hands that makes me like I’m right at home. I met some of my closest friends for the first time on the basketball court. My coaches did notRead MoreACL Injury in Basketball Women playing basketball are more likely to experience ACL injuries than1400 Words   |  6 PagesACL Injury in Basketball Women playing basketball are more likely to experience ACL injuries than their male counterparts. Many biomechanical researches indicate that ACL injuries increase the danger of suffering resultant injuries such as osteoarthritis and meniscal tears. Meniscal tears and osteoarthritis occur faster in persons with ACL constructed knees and ACL-deficiency. Genetic consequences of ACL injury, monetary implications, surgery and rehabilitation have prompted current progression ofRead MorePlaying Sports And Playing Basketball1027 Words   |  5 Pages Playing sports has always been something that I enjoy, even since I was little. Going outside and playing sports was always fun and enjoyable. When I was in fifth grade, I decided to join a basketball team. The concepts that I love about basketball are how competitive it is, how your mindset changes during a game, and the skills that I use while playing. I enjoyed knowing that I could improve my skills just by practicing outside in my front ya rd because I loved practicing. Whenever I would stealRead MorePersonal Statement On Probation For Playing Basketball Essay1677 Words   |  7 PagesI earned my first D in a course and a note stating that if I did not fix the grade I would be on probation for playing basketball. I thought my world had ended, while not playing basketball was hard to think of, the idea of going home and saying I had failed or even quit something was beyond anything I wanted to do. I talked with the teacher and agreed to take the class over and I shared with my roommates that I needed to get serious about college. Our room was so small and my roommates’ sharedRead MoreDescriptive Essay About Playing Basketball1573 Words   |  7 PagesOne day I went to the park to play basketball on the basketball courts. I met up with some friends, and it was a beautiful day. It was a perfect day to play basketball on, it wasn’t too hot but wasn’t too cold. All of a sudden it started pouring r ain, and at the park where we were there was no cover to cover yourself from the rain. So we ended getting all wet, and we ran to the nearest place which had a cover, which was Starbucks. So we stayed in Starbucks until it stopped raining. 2. One morningRead MoreA Sociological Perspective Of A Parent Playing Basketball At A Park With A Child1441 Words   |  6 PagesPicture a parent playing basketball at a park with a child, the child acknowledges the parent’s authority on rules of the game. The child begins to challenge this parent role. The interaction between the two has heated up. How do define this counter, what is this in a sociological perspective? Process and micro interactions defines our roles in society. For Example, â€Å"The very organization of the self-conscious community is dependent upon individuals taking the attitude of the other individuals.†Read MoreHow Basketball Has Changed The World Essay1324 Words   |  6 PagesBasketball is one of the most popular which is beloved sports that is played today. Michael Jordan, who played for the Washington Wizards and the Chicago Bulls once said, â€Å"Just play, have fun, and enjoy the game† (BrainyQuote 2016). Whether playing with frien ds for fun or by professionals for entertainment or simply watching from home, basketball is very enjoyed all over the world. Beginning with a unique history, basketball has evolved over time from a simple idea into a professional career choiceRead MoreBasketball Is A Sport For The Campus Of Eastern Michigan University ( Emu )1145 Words   |  5 PagesBasketball is a sport that requires a lot of time and effort to be good at. It’s a sport that keeps some people in shape, some people involved with a community, and gives others an opportunity to meet new people. The recreation basketball community I am looking into is the one on the campus of Eastern Michigan University (EMU). Every day there is a multitude of people playing basketball in either the Recreation Center (REC) or on the courts outside of the student center. The people that makeRead MoreBasketball : The Game Of Basketball1521 Words   |  7 PagesThe game of basketball started in December 1891. Basketball was founded by a Canadian born instructor named James Naismith at the Young Men’s Christian Association training school in Springfield, Massachusetts. The YMCA developed rules for the game which were later used in high schools, colleges, and settlement houses. The game grew bigger and popular in a lot of areas. Particularly in urban areas, where games were sponsored by schools, social clubs, churches, and companies. Colleges sponsored tournaments

Legal Drinking Age English Essay Rough Draft Free Essays

Alcohol is used for many reasons among people. Teenagers and underage drinkers are known to drink for the following; rebellion, peer pressure, celebration, insomnia, anxiety, sadness, and boredom are just a few. Currently, the legal drinking age is 21. We will write a custom essay sample on Legal Drinking Age English Essay Rough Draft or any similar topic only for you Order Now I’m not sure what the reasoning is behind this law, but if drinking is lowered to 18, I’m positive the underage drinking percentage would decrease drastically. Freedom. That’s what America is known for; Land of the free. When you turn 18, your legally considered an adult. You can buy cigarettes, you can vote, you can get married, buy pornography, have babies, and join, fight, and die for your country. So if your considered mature enough to have all of these responsibilities, shouldn’t you be able to consume alcohol too? The legal drinking age has been set at 21. The government set the legal drinking age to 21 to prevent drunk driving and other problems they blame on irresponsible drinking. The government shouldn’t decide when someone is responsible to drink because even many â€Å"adults† aren’t responsible enough to know their limits. Drunk driving classes and alcohol consumption classes should be taught in schools so kids have an understanding on what alcohol can lead to and how to drink responsibly. Turning 21 doesn’t make you any more responsible or knowledgeable about alcohol than at age 18. Lowering the drinking age to 18 would help because there would be less underage drinkers and less of a need to feel mature and accepted by teens. A study shows that 87% of high school seniors have consumed alcohol. This means that from the ages 17-19 people are already drinking. Seniors in high school and other underage drinkers consume alcohol for many reasons. Rebellion, celebration, peer pressure, insomnia, anxiety and boredom are just a few reasons, however, the biggest reason is rebellion. Teenagers don’t feel like they are being treated fairly by the government because they are considered adults and they are being denied the right to drink, so they rebel. Not only do they rebel to make a point but they are rebelling because of the excitement they get when they know they are breaking the law and also because drinking is a symbol of â€Å"adulthood†. A study conducted by Dr. Ruth Engs shows that drinking is more exciting when its illegal and that we as Americans should be more focused on safe drinking instead of age restrictions. If the drinking age was to be lowered to 18, the temptation to drink would decrease because it would be accepted and people would no longer get that excitement and thrill from breaking the law. The U. S. government is concerned about the number of drunk drivers and irresponsible drinking so they made the legal drinking age higher. If you look at Britain, they don’t have a drinking age and France has a minimum drinking age of 8; neither of which having a problem with drunk driving. On the other hand, America has a minimum drinking age of 21 and our problem with drunk driving is considered to be the worst in the industrialized world. We can see that the 21 minimum drinking age is having a negative effect on the U. S. , yet we keep it the same and expect different results. Lowering the drinking age to 18 will make it so there are less irresponsible drinking and underage drinkers. 18-year-olds will have a feeling of adulthood and they will feel accepted. I think drinking will become more casual and social more than it is now and people will have less temptation to drink heavily and irresponsibly. How to cite Legal Drinking Age English Essay Rough Draft, Essays

Small Business and working with the Australian Consumer Law

Question: Discuss about the Small Business and working with the Australian Consumer Law. Answer: Introduction: According to an estimate, more than 2 million small businesses are actively trading in Australia. All these small businesses have been provided rights and responsibilities by the Competition and Consumer Act, 2010. The Australian ConsumerLaw is also part of this legislation. The Australian Competition and Consumer Commission (ACCC) has the responsibility to communicate promptly and clearly with small businesses (Jones Ram and Edwards, 2006). Therefore, while the Commission generally is not involved in individual disputes, it plays an important role in providing guidance to small businesses. Similarly, the ACCC also helps the small businesses in dealing with their individual matters. Similarly, wherever it is possible, the ACCC also directs the small businesses in adopting the alternative dispute resolution processes. The focus of the commission is on small businesses (Johnson, Macmillan and Woodruff, 2002). There are a number of areas in the Australian ConsumerLaw that have a significant impact on small businesses. The first such area is anticompetitive behavior. There are certain business practices, which results in preventing or limiting competition (Corneliussen, 2005). These practices are against the law. It is very significant that the small businesses are aware of their rights and obligations, particularly when they are dealing with suppliers, wholesalers and other businesses. Therefore, small businesses have certa in rights and protections that have been provided to them by the law. For example, if it is found that the goods or services that have been purchased by a small business fail to do what they are supposed to do or if there is something wrong like anticompetitive behavior or a false or misleading claim, the small business can report to the Commission (Cosh and Hughes, 2003). The next protection provided by the ACL to small businesses is related with the unfair contract terms. The small businesses have to enter into standard form contracts while they are dealing with other businesses. Similarly, some businesses may also decide to use the standard forms while they are dealing with their customers. It is very significant that the small businesses are aware of their rights and obligations, particularly in view of the new unfair contract terms legislation. The Australian Consumer Law has also imposes an obligation on the small businesses to feed their consumers fairly. At the same time, it is very significant that the small businesses are aware of the rights that have been provided to the consumers by the ACL. DAC also requires that if a country of origin claim has been made regarding the products, it is necessary that such claims should be accurate, clear and truthful. Therefore if a business has decided to make a country of origin claim or, it is required under the law to make such a claim, it should be ensured by the business that a false or misleading claim is not made in this regard (van Stel and Stunnenberg, 2006). The mandatory as well as the voluntary industry codes are regulated by the ACCC. Similarly, the ACCC also provides guidance to the industries who are willing to develop their own voluntary code. Similarly, buying a franchise can also be a rewarding and an exciting experience for the business (Chittenden, Kauser and Poutziouris, 2002). But in this regard, it is important that the business is aware of its rights and obligations that have been mentioned in the Franchising Code of Conduct. Are the same time, the ACCC can also provide guidance to the franchisors and franchisees. For a number of years, the ACCC has authorized the collective bargaining arrangements made by the small businesses. For this purpose, the ACCC wants to offer streamlined process to the parties who are looking for the authorization of collective bargaining agreements (Parker, 2007). In terms of productivity, the law requires that the business should ensure that all the products that are supplied by the business to its customers are safe and similarly is also required that these products should meet the consumer guarantees that have been provided by the Australian Consumer Law (Carpentier, L'Her and Suret, 2008). Similarly, the businesses cannot sell the products that have been banned by the law. The businesses are also under an obligation to make sure that the products or the services related with the products comply with the applicable mandatory standards before these are available to the consumers (Battisti, 2009). Conclusion: In this way, the ACCC plays the role of promoting the welfare of the consumers in Australia by providing a fair and competitive marketplace. In this way, it can be said that the purpose is to protect the competition and not the competitors. The test that can be used for this purpose is to see if a particular course of conduct may result in significantly decreasing competition in a particular market for goods or services. One such difficulty that is present in this regard is the lack of understanding regarding the difference that exists between protecting the competition and protecting the competitors (Kitching, 2007). While the small businesses want that the focus of the competition policy should be in favor of greater protection of the competitors, on the other hand, the consumers may be in favor of the fact that it should promote competition for the welfare of the consumers. In this way, it can be said that the provisions of Australian Consumer Law are equally important for the small businesses, particularly when they have the face the misuse of market power by large businesses. In such a case, the ACCC has the power to act in order to protect the small businesses. However, as mentioned above, the Commission does not protect a particular business due to the reason that it is a small business, but in order to protect competition, where a small business has to face anti-competitive behavior of a more powerful firm. References Battisti, M. (2009) Who Does What? Business Compliance in Small Firms, New Zealand Centre for SME Research, Massey University, online at: https://www.med.govt.nz/upload/67757/Report_MED.pdf Carpentier, C., L'Her, J-F. and Suret, J-M. (2008) Does Securities Regulation Constrain Small Business Finance? An Empirical Analysis, Small Business Economics, 31, 4, 363-377. Chittenden, F. Kauser, S. and Poutziouris, P. (2002) Regulatory Burdens of Small Business: A Literature Review, online at: https://www.sbs.gov.uk/content/analytical/research/Regulation-Report.pdf Corneliussen, F. (2005) The Impact of Regulations on Firms: A Study of the Biotech Industry, Law and Policy, 27, 3, 429-449. Cosh, A. and Hughes, A. (2003) Innovation Activity: Outputs, Inputs, Intentions and Constraints, in Cosh, A. and Hughes, A. (eds) Enterprise Challenged, University of Cambridge, Cambridge. Johnson, S., Macmillan, J. and Woodruff, C. (2002) Property Rights and Finance, American Economic Review, 92, 5, 1335-1356. Jones, T., Ram, M. and Edwards, P. (2006) Ethnic Minority Business and the Employment of Illegal Immigrants, Entrepreneurship and Regional Development, 18, 2, 133-150. Kitching, J. (2007) Is Less More? Better Regulation and the Small Enterprise, in S. Weatherill (ed) Better Regulation, Hart, Oxford Parker, S. (2007) Law and the Economics of Entrepreneurship, Comparative Labor Law Policy Journal, 28, 4, 695-716. van Stel, A. and Stunnenberg, V. (2006) Linking Business Ownership and Perceived Administrative Complexity, Journal of Small Business and Enterprise Development, 13, 1, 7-