Block sox scandal Essay Example | Topics and Well Written Essays - 750 words

Block sox scandal - Essay Example Consequently, the eight players were banned from professional baseball (Maas). The events that led to the conspiracy have traces that lead to the club house. The proprietor of the Chicago white sox baseball club, Charles Comiskey, is depicted as a person who had issues in the financial dealings with the players thus more dislikes from all stakeholders in the club. The owner took advantage of the MLB clause of reserve that made it clear for every player to accept any remuneration that is given any player otherwise could not play for any other major team unless the contract ends and subsequent transfer results. The owner also made a fortune since the club was one of the major clubs then and on top of the series (Peter). In addition to the underpayments made to the players, the team had two divisions that were not legal in the genuine structure of the team. One of the side later on known as the Clean Sox went to the extent that mere communication with the other partition of the team was not possible. The conspiracys exposure was by the third baseman known as George Weaver commonly known as Buck. The baseman did not comply with the plan and later on went against the persons taking part and went on to play for the team. The player also experienced punishment under the fact that he never spoke about the conspiracy. Rumors of leaking in the series were already spreading prior to the particular season. However, the propaganda was popular especially among the gamblers. After some time, the rumors spread to the press courtesy of some communicators. On the contrary, the gamblers continued to place their bets on the ongoing games regardless of the rampant anecdotes. Most importantly, most of the fans took the results that each game gave as legit and thus the rumors to them were just false propaganda. Thus, even after the game between Chicago White Sox and Cincinnati Reds, no claims had been put forward that the game was a conspiracy. In other words,

Macroeconomices Research Proposal Example | Topics and Well Written Essays - 1750 words

Macroeconomices - Research Proposal Example Few economists would argue that the birth of modern macroeconomics can be dated back to the upsetting incidents of the 1930s and most particularly the perspectives of John Maynard Keynes (1936) conveyed in the General Theory of Employment, Interest and Money which is basically a response to these traumatic events. Prior to the Keynesian revolution the prevailing classical assumption was that while consumerist economies would be subjected to episodic distresses, market forces would function promptly and successfully to restore complete employment equilibrium (Ahiakpor 2003). In such conditions government intervention to calm down the economy was judged to be neither essential nor favorable. The Great Depression, which bears witness to a terrible collapse in output and increase in unemployment rate, seemed to blow apart the classical theory that complete employment was the normal state of affairs (ibid). Writing in this setting, Keynes argued that capitalist market economies are intrinsically unstable and can only be stabilized at less than complete employment for protracted periods. This insecurity was for Keynes largely the consequence of fluctuations in collective demand. The Great Depression, he disputed, resulted above all from a razor-sharp reduction in the level of investment expenditure â€Å"occasioned by a cyclical change in the marginal efficiency of capital† (Snowdon & Vane 1999: 2) with the related harsh uncontrolled unemployment illustrating a state of scarce aggregate demand. The indication of Keyne’s analysis was that government intervention, in the structure of flexible fiscal and monetary policy, could assist improve such aggregate insecurity and even out the economy at full employment mode. Capitalism could be resurrected but not in accordance to the nineteenth-century laissez-faire belief (ibid). The immediate acceptance of Keynesian in the intellectual community and policy-making societies guaranteed that throughout the 1950s