David Camerons First Speech as Prime Minister - 1340 Words

This political speech made by United Kingdom’s new prime minister David Cameron in May 2010 could be considered the beginning of a new era in the politics of the country because, for the first time after World War II, Britain would have a coalition government. David Cameron (born in London in 1966) was elected leader of the Conservative Party in December 2005. He has modernised his Party, the Conservatives, by introducing new ideas such as the environmental defence, gay rights and abortion. He has a fresh, young and moderate image. The conservative leader gave this speech outside No 10 Downing Street right after being appointed Prime Minister. Cameron clearly describes UK’s social and economic situation and points out the main†¦show more content†¦Students have reacted by protesting violently in front of the Conservative headquarters. They complain specially about the raise in the tuition fees, that will be multiplied by three. The spending review is also facing critics of the Institute of Fiscal Studies: the think-thank believes that the poor will be the most affected by the measures. During the campaign Labour, Liberal and Conservatives agreed on the need to cut spending, but the proposal of Cameron was the hardest. At the same time, the Tories thought the reforms had to start immediately, while the Labour preferred to wait a year until the economic recovery was consolidated. Indeed, some fear that the spending review will not help UK to get out of the crisis, and they claim that the present difficulties are only an excuse to reduce the power of the state (an important principle in the Conservatives’ ideology). On the other side, Conservatives think that the private sector will be able to support the economy and will be reinforced, in spite of the cutback in spending. It is beyond doubt that the financial crisis has affected deeply all Europe, and that something had to be done to reduce the number of British citizens living on the governments subsidies. But it is not that clear that such strong measures had to be taken. UK’s economic situation is not as bad as other countries in EuropeShow MoreRelatedThe European Union : An Important Part Of Europe1503 Words   |  7 PagesSir Winston Churchill. In his 1946 Zurich speech a kind of United States of Europe his intent was for the European Unity to be led by France and Germany and he specifically had no intention of involving Britain. It was evident that in these early stages of building a united Europe it reflected some of today’s views, which have been described as wishing to seem an important part of Europe without being a part of it. Fast forward to David Cameron’s success in the elections and this has boughtRead MoreMedia Perception, Blair, Cameron, And Their First 100 Day s1827 Words   |  8 Pages# Media Perception, Blair, Cameron, and their first 100 days. Personal Project Prologue In his second inaugural speech, delivered on the 8th of May, 2015, David Cameron expressed his sentiment of the achievements his government has made in his first term as prime minister. When I stood here five years ago, our country was in the grip of an economic crisis. Five years on, Britain is so much stronger. But the real opportunities lie ahead.† His achievements may have been remarkable but my questionRead MoreMulticulturalism Is A Significant Issue For The Modern World2072 Words   |  9 Pagesmulticulturalism are considered to be Labour. It was the period of their stay in power has to the adoption of most of the legislation on equality and protection of the rights of ethnic and religious minorities (Pitcher, 2009). 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Government Intervention in Venezuela’s Economy Free Essays

Economic Commentary_1 The article: How can Venezuela be so rich in resources, but so low in supplies? By Douglas French/April 24, 2012 http://www. csmonitor. com/Business/The-Circle-Bastiat/2012/0424/How-can-Venezuela-be-so-rich-in-resources-but-so-low-in-supplies To what extend do a country’s natural resources explain whether consumer goods are on the nation’s shelves for people to buy. We will write a custom essay sample on Government Intervention in Venezuela’s Economy or any similar topic only for you Order Now Venezuela is a prime example of this question. This is a country having abundant natural resources for it is one of the world’s top oil producers and rich in gold and other minerals, also the rich soil and temperate climate allow the country for productive agriculture. However, there are shortages of staple products like milk, meat and writing paper. This commentary focuses on the main reason causing this problem in Venezuela that is over intervention of the government towards the free market. In order to maintain the level of consumer prices, the president of Venezuela imposed price controls by setting the price ceilings. Government officials claim â€Å"companies cause shortages on purpose, holding products off the market to push up prices. This month, the government required price cuts on fruit juice, toothpaste, disposable diapers and more than a dozen other products. † However, bad consequences of the price ceilings set by the government were inevitable in terms of shortages in supply, decreased market size, elimination of allocative efficiency and black markets. In figure1. 1, the original market equilibrium price under the intervention of free market is at Pe where the quantity demanded and the quantity supplied are equal. After intervention of the central government, a binding price ceiling is set and the new market price is created at Pmax where the quantity supplied is much lower than quantity demanded. The artificially low price has caused more demand for the product, thus creating a movement from Qe along the demand curve to Qd. At the same time, producers cut production in response to the lower price, moving down along the supply curve from Qe to Qs. The distance between Qd and Qs shows a shortage of the good in supply. Because of this, now residents in Caracas are forced to rely on the once-a-week deliveries made to government-subsidized stores. Moreover, as figure1. 2 suggests, the gap between Qs and Qd creates a tension in the market. At Qs there are many consumers who would be willing to pay more than Pmax if Qs is on the market. These consumers may have a strong incentive to gain the goods and services they want on the black market. As a result, the supply curve will shoot right up at Qs and the price will raise right up at that point high on the demand curve. This shows that some price ceilings may actually drive the price higher than the original equilibrium and can be just applied to the case of Venezuela. Also, setting a maximum price lower than the market equilibrium price will result in a decreased market size as some of the companies will be driven out of the market. The government setting prices are too low for companies to make money so they either curtail production or stop all together. As shown in figure 2. 1, initially the producer surplus of the private companies, in terms of profit, derived by firms is shown as the area from the initial market price line to the supply curve. After price controls by the government, now the new producer surplus is shown as the area from the new price line to the supply curve which is smaller than before and this reflects a lower producer surplus, therefore a welfare loss in the society. In addition, the price ceilings eliminate an allocative efficiency in the country’s economy in a competitive market as it can only be achieved when the society produces enough of a good so that the marginal benefits is equal to the marginal, in other words, producer supply and consumer demand meet at a market equilibrium price. Due to intervention of the government, price controls disenable society to get goods and services it wants most. As Times mentions, â€Å"some of the shortages are in industries, like dairy and coffee, where the government has seized private companies and is now running them, saying it is in the national interest. † But the consequence of this action is that the government will turn the markets into monopolies as there would be only state ownership in these industries, so there are no competitions between various firms and consumers will not be able to acquire substitutes in the markets. What’s more, while these industries are being completely controlled by the central planner and create state ownership of the factors of production in addition to the guide of Venezuela socialist government, it will result in the lack of individual property rights and incentive to achieve maximum efficiency in the use of resources which characterize private ownership. To conclude, Venezuela is a typically very rich in resources but very low in supplies, price controls in the markets as well as How to cite Government Intervention in Venezuela’s Economy, Papers

Intended Contribution to the Project

Question: Discuss about the intended contribution to the project. Answer: I intended to undertake an internship at a firm named MB Petroleum services LLC in the finance department. Generally, the primary job of a financial analyst is to evaluate the business, budgets, profits and other finance related entities in order to identify their suitability for the investment. Therefore, my intension was to interpret and forecast the complex financial data of the organization. This requires good knowledge and I got an opportunity to show and represent my knowledge and both understandable and problem solving skills to the corporate of the firm. My role was to interpret and forecast the complex fiscal data. Moreover, I got an opportunity to learn more about the kind of costs, importance of considering relative costs and to grasp the advantage of potential actions for selecting the accurate one. All these helped me and I know it will also help in my future. For example, knowledge regarding implementation of various types of costs makes me able to communicate and synth esize data to the relevant party. I tried to grasp every opportunity in order to proof my ability to become the financial analyst in future that is the person who can handle the difficult financial situation of a firm and can also prevent the firm from getting into trouble. In addition to this, I also gained information about making decisions about the firms performance. I guess that this would assist me to develop my decision making and judgment skills. This study has assisted me to widen my acquaintance in this field of communication. For example, at present my talking skills have got enriched and enhanced. I contributed my theoretical knowledge or book knowledge to the present situation of the firm with the aim to convert my theoretical knowledge into practical knowledge by applying it and also to gain practical knowledge. All these have broadened my knowledge regarding communication as in this internship I have communicated with several parties or firms. Additionally, my speaking skills as well as convincing skills and the process of conveying information and data to others have also been enriched. I have the ability to synthesize and also to communicate data, thus I have communicated and synthesized data to the relevant party efficiently. My speaking skill has also helped me in communicating the data with pertinent parties. Furthermore the skills I achieved from this study include general overview of business and organizational structure, chart of accounting familiarization and approval matrix and decision making skills for completing the errands within the time. In conclusion, one of my key errands was to predict the venture and the business presentation.