responses

Branden Burden

5/21/2014 9:13:52 AM

Professor and Class, I had a rough time with my paper since i kept going off key with what I was trying to say. I hope I showed my point in the end though. I was trying to show that we as a unit and country need a livable minimum wage that people can live on. You cannot expect someone to support a family much less themselves when you are paying them poverty numbers to work full time jobs. The government needs to help out and raise the statue for others to follow I feel. Now I'm not trying to make a political statement but I just think things need to be done to help everyone out. Thanks for reading, Branden Burden

Michael Lawver Jr.

5/21/2014 10:48:11 AM

Hello Class,

        My research paper was on Antitrust laws and their effect on the US economy. I started with how Antitrust legislature came about, and how it protects consumers and fair trade. Here is a brief abstract of my explanation of antitrust laws:

        "Congress passed two additional pieces of antitrust legislation in 1914. These laws formed the Federal Trade Commission (FTC), and the Clayton Act. The Federal Trade Commission Act further helps to protect the market from “unfair methods of competition” and “unfair or deceptive acts or practices” (FTC, 2014). The Clayton Act allows the government to further regulate the mergers of businesses, and prohibits the mergers of companies for the sole purpose of eliminating competition. The Clayton Act prohibits the mergers and acquisitions that are likely to lessen competition. (US Department of Justice, 2014). Unlike other parts of antitrust legislation, the Clayton Act carries no criminal penalties. Violations of antitrust legislation can be severe. Criminal penalties of up to $100 Million can be assessed to corporations, and individuals can be fined up to $1 Million in addition to up to 10 years imprisonment (FTC, 2014)."

                 This class turned out to be a much higher level view of the economy than I first imagined. It is important to know how the economy works, and this class did explain how different decisions impact different parts of the economy, like supply/demand curves, monopolies, ect. Hopefully I can implement some things that I learned from this course later on in my career.