All about Coal Research Paper Example | Topics and Well Written Essays - 1750 words

All about Coal - Research Paper Example The reason for the gathering of coal was primarily for household uses, namely heat. It was later discovered that it played an important role with its heating capabilities in smelting, alloy production and the generation of electricity. Sir George Bruce created a loading island where he sank a shaft connected to two others for drainage purposes and ventilation. This form of technology was extraordinary in coal mining during medieval times, often considered an industrial wonder of the time. In the 17th century many advances in the techniques used for mining were discovered, including test boring and drainage of the collieries, to allow the coal to be brought to the surface easier and more safely. Definition Merriam-Webster (2011) defines coal as â€Å"a piece of glowing carbon or charred wood†. This is a curious definition, as most would think of coal as simply a dirty, black rock that creates heat and is great for summer barbecues. The fact that it is defined as â€Å"glowingà ¢â‚¬  and â€Å"charred wood† leave the mind to wonder how was coal formed then? If it is already â€Å"charred wood†, why would we use it? It’s already been burned up, so what use can it be? The answer lies in the reason and process through which coal was formed. How coal was formed The formation of coal began around 300 million years ago, while most of the earth was covered by swamps, giant ferns and different mosses. Layer after layer of these plants died and subsequently were compressed and covered with new soil. As these new layers of soil covered the dead plants, the lack of air stopped the decomposition processes of the plants. This created peat, and throughout the years with heat and extensive pressure, it forced out oxygen and hydrogen, leaving carbon-rich deposits known as coal. As the carbon content of the coal increases, its compression is increased and the moisture content drops further. Thusly, there are four types of coal that form in subsequent order, each with its own grading scale, known as a â€Å"rank† (Speight, 2005). (stovesonline.co.uk) III. Four Categories of Coal The four categories of coal are lignite, subbituminous, bituminous and anthracite. Each one has its own ranking, based on the degree of which the original plant materials have been turned into carbon. These ranks are also used an estimation of how old the coal is. In general, the older the coal, the higher the carbon content. Lignite coal is the youngest of the four, and is most often used in the generation of electric power. It is a brownish black color and has a high moisture and sulphur content. It is more similar to soil than rocks and has a tendency to fragment when exposed to the elements. Subbituminous coal is often referred to as black lignite, although its moisture content is lower. It is also used for the generation of electricity, but also used for heating. Bituminous coal is a soft coal. iIt is dense and black with stripes of vibrant an d dull materials. This is the most commonly found and used type of coal, for coke (a residue of coal used in the steel industry), electricity, and heating as well. The last of the four, anthracite coal, is the hardest, oldest and best of the four types. It is black, glossy and very hard like a rock. It has the lowest sulphur content and the highest carbon

Herd Behavior in Financial Market Essay Example for Free

Herd Behavior in Financial Market Essay Definition of herding On Friday 14 September 2007, when Northern Rock in the UK opened it branches, many customers wanted to withdraw their savings and à ¯Ã‚ ¿Ã‚ ½1 billion, about 5% of the total bank deposits were withdrawn that day. And on Monday 17 September, a similar situation happened in front of Northern Rock branches in the UK. Even though every customer does not have the same amount of information, they all decided to behave in the same way and some were following the others on the following days without any clear plan. People thought that they were going to lose their bank deposits and that type of bank customers behavior caused liquidity problem and made the situation even worse. However, none of the clients who kept their deposits lost due to the fact the British Government and the Bank of England would guarantee the safety of the deposits. How can we explain that kind of behavior? Originally Herding is a term meaning animal flocking behavior. And according to the definition of Wikipedia Herding is the act of bringing individual animals together into a group (herd), maintaining the group and moving the group from place to place-or any combination of those. Apart from this bank run case, Herd behavior describes how individuals in a group can act together without planned direction. POSSIBLE EXPLICATION AND MECHANISM OF HERD BEHAVIOR Animals Herd Behavior According to evolutionary biologist W. D. Hamiltons theory animals are forming a group to reduce the danger of being hunted by predictors. As a unit, they are moving together to the same direction. Animals are behaving in the same way to minimize the risk on the behalf of self-protection. Maybe this kind of behavior sounds rational if the result is always optimistic but copying your neighbor can be the worst decision sometimes. When something goes wrong and someone leads the group to the wrong direction, the whole group is going to be in danger. Human Herd Behavior However, human herd behavior is much more complicated than animals one and several scholars tried to explain it. Friedrich Nietzsche referred it as herd morality and the herd instinct which explain the phenomena when a lot of people are behaving in the same way at the same time. And according to Thorstein Veblens theory, some people imitate the other people with higher status. Human beings are continuously competing with others in order to survive or surpass others, and they try to move faster in order to take advantage of the others. As the proverbs says the early bird catches the worm, they think the faster they make the decision or do whatever they can, the better it is. However, this does not always lead to success. Those decisions are based on the sources they have and the sources are Sanctions upon deviants dictators put their rivals in the prison (opposition is not allowed) Preference interactions some people are wearing Burberry coats just because the majority is wearing it while others prefer to wear coats with the colors they like Direct communication someone from your reference group or someone with credibility says that s/he likes certain products Observational influence you observe the consequences of others actions Based on such sources, people make decision whether to herd or disperse, but people are herding for different reasons and their behavior is classified into several models. Herding Models Payoff Externalities Models (also called Network Externalities) If more people are using facebook, it will attract more people to use facebook. In this case, people feel like they have to participate in the same situation so that they can have the same benefits. Information Cascade Models When you have a flood of information coming in, it is much more difficult to make a rational decision. Nowadays there are too many sources to consider and you can barely judge if information is true or false. In this kind of situation, people are getting irrational and they tend to make decision based on the decision of the majorities, and this situation is called information cascade which occurs when people observe the actions of others and then make the same choice that the others have made, independently of their own private information signals. They are seen in groups under immediate stress from external forces, such as herd behaviour. A cascade arises naturally when people usually see what others do but not what they know. Because it is usually sensible to do what other people are doing, even this can be against what the individual believes to be true. This behavior is independent from their own private information or opinion. Concept of information cascade is based on observational and social learning. People learn from their environment. Generally, people are oriented to avoid negative consequences of their decisions or behaviors. They wish to have positive results or effects. Thats why their behavior is related to social and observational learning. People subconsciously have the idea of It is more likely that I am wrong than that all those other people are wrong. Therefore, I will do as they do. Examples of Herding Behavior Bank runs: depositors running on banks when they observe other depositors doing so. More specifically, First; investors can observe in long run when others are running on banks. Second, forcing long-term projects to liquidate early possibly leads to shortfall of funds. From the payoff externalities models view, people are withdrawing their deposits because they feel like they are losing their money if they keep their money on the bank account. And from informational cascade models view, some people may think they are not going to lose their money on their bank account but they are following the others because they think they are not wise enough and others are withdrawing their money. In real case, Argentina experienced such a run in the last two days of November 2001, with total deposits in the banking system falling by more than 2 billion (US) dollars, or nearly 3 percent, on the second day of the run alone.1 Such runs were a common occurrence in the United States in the late nineteenth and early twentieth centuries and have also occurred in recent times in several developing countries, including Brazil in 1990 and Ecuador in 1999. Asian crisis of 97-98, herding and speculation infection The Asian crisis of 1997-98 that led to a regional economic fall in East Asia can be traced to overexpansion and under-regulation. The center of the Asian crisis was Thailands careless macroeconomic management that featured a fraudulent financial sector. The Asian expansion of the crisis was a due to the existing global financial integration (and similar export dependencies), current account inequities and attached exchange rates all mixed with the damaging effect of speculation and herding spreading all over the region. Resulting structural reforms and adjustments in Thailand and other damaged Asian nations came from the International Monetary Fund. A major result was a balanced exchange rate regime now prevalent in much of East Asia. Facts: During 1995 a number of experts started to wonder if the countries of Southeast Asia might be vulnerable to a macroeconomic crisis do to the poor administration of its financial procedures and to the volatility of their related economies. The main indicator was the rise of very large current account deficits among several Asian countries. Closer examination also revealed that several of the countries had developed some financial weaknesses: heavy investment in highly speculative real estate ventures, financed by borrowing from badly informed foreign sources or by credit from non regulated domestic financial institutions. Its now known that during 1996 officials from the IMF and World Bank actually began warning the governments of Thailand, Malaysia, and other countries of the existing risks by their financial situation, and asked them to apply corrective policies. However, those governments rejected the warnings. On July 2 1997, after months of declaring that it would not happen, the government of Thailand abandoned its efforts to maintain a fixed exchange rate for its currency, the baht. The currency was quickly depreciated by more than 20 percent so within a few days most neighboring countries fell like Thailand. What forced Thailand to devalue its currency was the massive speculation against the baht, assumptions that over a few months had consumed most of what initially seemed as a large war of foreign exchange. And why were speculators betting against Thailand? Because they expected the baht to be devalued, of course. This kind of circular logic in which investors escape a currency because they expect it to be devalued, and much of the pressure on the currency comes precisely because of this investor shortage of confidence is the defining actor of a currency crisis and is known as Bank Run theory. In the context of a currency crisis, such behavior could mean that a wave of selling, whatever its initial cause, could be magnified through complete imitation and turn, into a rush out of the currency. Bank run in Thai currency devaluation can be viewed in two main behaviors. First; investors run when other investors are running the bank; a magnified opinion of a certain group starts to be spread in some others by just herding or imitation. Second, when banks that were investing in long-term projects were forced to liquidate early (because of the invertors running away), there was a potential lost of funds. Consequently, the last depositors to withdraw were left empty-handed (first-come, first-served limitation). BUBBLES Bubbles are sort of mass errors caused by the nature of herd. Even though there is a convincing evidence of bubbles, people are still overly convinced by their belief that market is efficient and rational. Therefore people are optimistic of their investment and they take part in the bubble. Some people may doubt the situation and find some evidence of bubbles but they still invest their capital in the market because others are doing it which is a sort of informational cascade. However, the bubble collapses and that sort of herding behavior makes the impact of the collapse much significant. The Dot-com Bubble The dot-com bubble (also referred to as the Internet bubble) was a speculative which had its climax on March 10, 2000, with the NASDAQ hitting up to 5132.52 but closing at 5048.62 in the same day. During the dot-com bubble period mostly the developed countries experienced the growth in the Internet sector and related fields. Companies such as Cisco Systems, Dell, Intel, and Microsoft were the dominant player of NASDAQ. And related to the Internet business a group of new Internet-based companies commonly referred to as dot-coms were founded. Just because of the fact that Companies had a name with an e- prefix to their name and a .com the stock price was going up. Investors were overly confident of their future profits due to the advancement of technology and individual speculation while they overlooked traditional stock market value until the bubble was collapsed. Conclusion As we can see massive herding behavior turned out to be a cause of crisis at the end, and herd behavior is seen as something very negative to the market. As we have seen bank runs, bubbles, and several forms of crises. However, we cannot prevent from herding because it is a sort of instinct and it is closely related to psychological factors. Partially, individuals can make profit of their herding behavior as they are following famous investors such as Warren Buffet but the fact is that no investor can really avoid bubbles and forecast the coming crises. What we have to remember is the financial market is a complex of rational and irrational behavior and we can barely categorize them before the disaster happens. We have to be prepared of the consequence the herd behavior and be rational when the irrationality happens. Works Cited BIKHCHANDANI, S., 1998, Learning from the behavior of others: conformity, fads, and informational cascades BIKHCHANDANI, S., D. HIRSHLEIFER and I. WELCH, 2001. Informational Cascades and Rational Herding: An Annotated Devenow, Andrea and Ivo Welch, 1996, Rational Herding in Financial Economics, European Economic Review 40, 603-615 Ennis, Huberto M. and Todd Keister, 2009, Bank Runs and Institutions: The Perils of Intervention. Hirshleifer, David and Teoh, Siew Hong, 2011, Herd Behavior and Cascading in Capital Markets: A Review and Synthesis, MPRA Paper No. 5186

Women in Islam Essay -- Islam

In my research paper, I will try to argue that the way that Muslim extremists treat women in Islam, couldn’t be further away than what the Islam preaches. Misinformation and misconception about Muslim women is the main reasons why so many Westerner’s have the picture of Islam, especially in America, associated it with bad images of oppressed women hiding in their hijab,, or walking behind their husbands. What does Islam say about women and their right’s. Do Islamic countries follow Islamic teaching when dealing with women’s issues? Beliefs about how Muslim women are treated and blame the religion instead of the culture from which they came from. I hope that instead of falling into the typical stereotypes and cultural innovation, the information here will inform you of the true religion of Islam and how women are supposed to be treated through the verbatim words of god from any human being. Islam is one of the fastest growing religions in the world. How ever, when people say, "Islam," most people think about terrorism and the tragedy of September 11th, but what is true Islam? How does this affect today's world? Islam may be the most misunderstood religion in the world, but after reading this, you’ll probably have a lot more in common with the religion that is so foreign to so many. A comprehensive demographic study of more than 200 countries finds that there are 1.57 billion Muslims of all ages living in the world today, representing 23 percent of an estimated 2009 world population of 6.8 billion. Islam is one of the fasted growing religions there is today. Many of those converts are woman who are attracted to the religion based on it’s treatment for women. Islam is growing about 2.9% per year which is faster than the t... ...to preserve it from any altering like what happened to the religious scriptures, so the community started with the oral tradition of memorizing and before the time of the prophets death, the Koran was compiled with his approval and it’s still preserved in the same way as it was revealed to us 1400 years ago. The holy book not only had been memorized by the prophet, but he was also tested every year from the same angel and he was to repeat every single word back to him for 23 years until he died. and that promise has been fulfilled in that , it’s been untouched The Koran contains guidance defining the role of women in Islam according to the Koran, which hasn’t been altered for the last 1400 years. The guidance within this holy book were given to prophet Muhammad, which was Islam's last and final messenger, over the span of twenty-three years from the angel Gabriel.

An Article I Wrote for the High School Paper :: Personal Narrative Essay Example

An Article I Wrote for the High School Paper Philip Emeagwali, a man of immeasurably high intelligence, spurns the description people most often attach to him: genius. "I don't like that term. People think it only means genius in the mathematical sense or that it refers to a select group of people," Emeagwali, 44, told about 50 parents last night at a public forum on schools. "But I think every one of us has the power to be a genuis. I was not born a genius; it was nurtured in me by my father." When he was 10, growing up in western Nigeria, Emeagwali was drilled daily by his father to solve 100 math problems in one hour. There was no time to write solutions on paper -- he had 36 seconds per problem. So Emeagwali did them in his head. "People later called me a mathematical genuis, but you would be a genuis, too, if you had to do 100 math problems in an hour," he said. In the last two days, the man who has been called "one of the greatest intellectual giants Africa has produced" has been taking his message -- the importance of homework, cultivating encouragement at home, and surmounting obstacles -- to a school district that has been mired in problems. Standardized test scores here sank to such lows in recent years that the state placed the district in a special monitoring program. And even as the roofs of the town's school buildings crumbled, taxes soared. Not that Emeagwali didn't have his own trials to overcome. When he was 12, Emeagwali lived underneath ceilings that crumbled from rocket shells. From 1967 to 1970, Nigeria fell into civil war, forcing schools to close. Emeagwali had finished only seventh grade. "We ate only once a day. Some days we had nothing to eat. We were among the poorest families in the world," Emeagwali told students at a high school assembly earlier in the day. "Growing up poor and overcoming several obstacles made me a stronger person. I became more determined to succeed in life." Studying on his own from 6 a.m. to midnight, Emeagwali passed entrance examinations to the University of London with top grades. In 1974, he immigrated to the United States, obtaining degrees in several subjects.

“Art for heart’s sake” by R. Goldberg Essay

The text â€Å"Art for heart’s sake† was written by Reuben Lucius Goldberg, an American sculptor, cartoonist and writer, who was born in San-Francisco. Introduction: The action began with male nurse Koppel’s words for Collis P. Ellsworth, who didn’t want to drink his juice. Ellsworth was not an ordinary patient, he was a shopaholic in global case. If he buys something, he will suffer from heart attack. Complication: After that came a doctor named Caswell, who offered old Ellsworth to take up art and called a young student Frank Swain from the Atlantic Art Institute to make Ellsworth concerned with art. The old man didn’t make any progress in painting, actually he was an awful painter, but suddenly Ellsworth send his â€Å"god-awful smudge† picture named â€Å"Trees Dressed in White† to the Lathrop Gallery, the biggest art exhibit, and was awarded a prize. Falling action: The young student, male nurse and doctor congratulated him with w inning and recovery. Resolution: But suddenly Ellsworth said that he bought the Lathrop Gallery last month. The theme of the story is loneliness that influences on human’s behavior. It’s represented with Ellsworth’ behavior, his speech, his attitude to people and his attitude towards things that he buys. It is difficult to find out real theme of the story. Each of us can find his own cause and theme, because the author forces it upon the story. The story takes place in hospital room, art exhibition in the course of a few months. It’s represented with last words of Ellsworth that he bought the Lathrop Gallery last month. There seems to be an impression, that the author didn’t want a reader to see the setting, but to feel it. The author doesn’t show the setting of time directly, but it’s important because it helps the author to pierce the story with a humour. The conflict of the story is internal. The plot turns on loneliness of old Ellsworth that influences on his behavior and how he fill his inner emptiness. The chief episode is when doctor Caswell offered old Ellsworth to take up art. The development of the plot is not strictly chronological, because in the end of the story we find out that old Ellsworth bought the Lathrop Gallery, that means before he start to take up art. The plot is unified. The individu al episodes logically relate to one another. The plot is plausible. There are two main characters: Ellsworth and Swain, and two minor characters: doctor Caswell and male nurse Koppel. Old Ellsworth is protagonist and no one is antagonist, because old Ellsworth  develops through the whole story. He is dynamic and round character. And all the rest three characters are flat and static characters. The role of minor characters to show a reader what kind of person old Ellsworth is. The author uses indirect method of characterization by old Ellsworth actions and behavior. The actions of the characters are simply consistent and properly motivated. The author didn’t use so many stylistic methods. He used an irony in cases. For example in the end of the story we find out, that Ellsworth bought the gallery last month. And some simile, for example, the Swains’ comparison of Ellsworth’s picture to a salad. The language of the author is concrete, formal and literal. The message of the author is to be attentive with old lonely people. The central idea is to be more human, than give all your time for your work and you won’t be a lonely old human like Ellsworth. I think, it’s very impressive story that the author didn’t use as many stylistic methods as others, and he succeeded showing a reader the inner condition of this old lonely man Ellsworth. Not everybody can reach to the readers’ hearts without using such number of stylistic methods. It’s brilliant.

Human Tree Essays

Human Tree Essays Human Tree Essay Human Tree Essay Alex Jones Mrs. Van Winkle American Lit. 28 August 2013 The Human Tree Once upon a time, a huge meteor collided with Jupiter. The meteor took off a big chunk of Jupiter and made a new planet. The new planet was called Earth. The planet Earth was bare except this one mysterious tree. Once a day this tree would drop a baby out from the top of the tree. This tree was Gods tree and he created all humans to look exactly like him, so the humans could rule the world. The human had a head, two arms, and two legs. After a year there were 365 humans on Earth. The humans sacrificed the weak humans to God. In return God created an animal tree. Once a day the animal tree would drop two animals, a male and a female of a species. The humans were at the top of the food chain, but they got along and helped the animals whenever they needed something so they species would not go extinct. The humans and the world started to become more evolving. The population Just keeps increasing so they humans had to come up with a new food source so they decided they needed to have some vegetation. The humans became able to plant crops, but they had nothing to give the plants energy to grow so God created the sun and the oceans for energy. Then God made the moon so the animals and the humans could see at night. The moon helped the animals watch for predators sneaking up on them while it was dark outside. One day Gods tree dropped a human named Robert. Robert was different from the rest of the humans. None of the humans wanted to be around Robert. They all started picking on Robert, and calling him names. Then when Robert was alone he started killing all the animals he could. The he used a bone out of a buffalo that he killed and made it into an axe. Robert so mad at all the humans he went to Gods tree and chopped the tree in half. Then the humans realized what he done and tried to plant each half of the tree. Each half of the tree grew, but there was one problem. One half of Gods tree made good people and the other half of the tree made evil people. There became a war between the evil and the good and they started to kill each other. God was tired of all the fighting so he made mountains between the good and the bad to settle the war and make peace. From there on the good people lived on one side of the planet and the evil lived on the other side. There was no more trouble from there and everybody lived happily ever after. Human Tree By alexJones24

Obama Care Essays

Obama Care Essays Obama Care Essay Obama Care Essay Name Course Instructor Date Obama Care On March 23 2010, President Barrack Obama signed into law the Patient Protection and Affordable Care Act. The law and the Health Care and Education Reconciliation Act are a representation of the most important regulatory overhaul in the USA healthcare system. This has occurred since the passage of the 1965 Medicaid and Medicare acts. Enactment of the law has already begun and is set to continue in the process of restructuring the healthcare system. This law, endorsed by president Obama elicited different reactions and controversies. Some people support the law. However, others have opposed the law stating it is not going to be beneficial. President Obama has taken a strong stand stating that contrary to this Americans will gain. Consequently, many protagonists and antagonists constantly refer to the law as Obama Care. Currently, the law is popularly known as Obama Care. However, Obama care is a double-edged sword for the American healthcare system. The debate on Obamacare has been a staged in many areas among citizens, professional in the field of health, among politicians and government executives. This debate led the bill through a court process that made the Supreme Court rule in favor of the bill (Crowley). Americans are experiencing one of the most crucial financial crises of all time. Some of the problems among many critics of the law are that it might be expensive for the individual American and the federal government. The long-term implications of the bill are under scrutiny. Speculations abound that the bill may increase budget deficits. The goal of ObamaCare is to provide efficient and affordable healthcare insurance for all United States of America citizens. It also aims at reducing the increased levels of health care spending. Health care spending has been rising in America since 1980 when the expenditure was $256 billion. In 2010, the expenditure reached a whooping $2.6 trillion. This growth rate is projected to develop faster than national income in the near future. Recession in recent years has fostered lower incomes and higher unemployment rates. Most individuals and families therefore find healthcare more of a luxury than a necessity. Obama care is a remedy for the state and such individuals under financial pressure. The law caters for those below the poverty level The tenets of the law ensure that all types of discrimination in health care coverage and provision are prevented. Accordingly, equal rights are safeguarded. In terms of insurance, sick people cannot be dropped from insurance cover. Therefore, individuals cannot be denied coverage for their preexisting conditions. In addition, women will not be charged higher rates as compared to men. Discriminatory practices are prevalent in women seeking insurance cover and treatment in hospitals. This is particularly evident in reproductive health. Women are also more likely than their male counterparts to proceed without necessary healthcare and treatment. Therefore, Obamacare’s full implementation in 2014 will eliminate these disparities. Many community healthcare centers are in deplorable conditions. These centers are also situated in areas where people live below the poverty line. Many wealthy Americans can afford private healthcare (Taylor). For the poor Americans, they have little or no option, but visit the community health center. These centers have some shortcomings such as; lack of adequate facilities in terms of medical and laboratory equipment, low doctor, nurse to patient ratio and relatively poor services. In additional, some of the facilities use outdated equipment and laboratory material. Obamacare seeks to alter the current status quo. Community heath centers under the law will be improved. Poor people will ultimately have access to efficient and effective treatment with improved facilities. As of 2007, up to 40 percent of insured Americans stated that their insurance cover did not adequately meet their requirements (Kaplan, et. al.). Insurance coverage that is affordable for many Americans would mean that they pay for what they can manage. Obamacare has the provision for insurance companies to compete for coverage under a system of insurance exchange pool. This will go a long way in decreasing insurance premiums for the majority of Americans. The total number of Americans that are between the 133% and 400% margin will be able to afford coverage. The lower the salary of an individual, the lower the percentage of income payment and the more help to be received. However, this system is deemed inefficient and ineffective in some sections of the American populace. The total share of insured Americans has been on a steady decline since the year 2000. In 2010, close to 84% of citizens in the US had some form of health coverage. Consequently, up to 49 million people had gone without health insurance for a significant period within that year. The pool of Americans under private insurance has shrunk. Majority of Americans are reliant on public insurance. Up to 31% of the total population is under public insurance programs. Obamacare therefore regulates these insurance programs (Keller). No one is forced to have insurance cover instead; people are urged to safeguard their health and that of their families. The insurance health exchange is set to go on sale in 2014 to offer a wide variety of protections and benefits. Over the past three years, tax credits have been distributed to Americans. The purpose of credits is to help people in healthcare payment. In addition, many middle class Americans will save a significant amount of money via tax cuts. The program is long term and more people are set to benefit. Waste from cuts reimbursements and Medicare to the private Medicare advantage plans are reduced under Obamacare. The $716 billion waste will be eliminated and finances are rescued for reinvestment in health care (Zax). Budget deficits have also increased in America for some time. Reduction in deficits is also an advantage of the law. However, some analysts and experts dispute that the law will lower budget deficits. These contradictions will become known with the complete implementation of the law. Obamacare is a suitable bill in restructuring the health care system and insurance, both important for America. However, the complications and issues it entails need to be addressed. Public awareness and education is instrumental in helping Americans understand the bill and demystify some of the myths it has solicited. Many people would like to see the law repealed. If this is done, majority of the American populace will devastated and lose the opportunity to have proper health coverage. If the statistics are anything to go by, insurance cover will ultimately be a luxury among citizens especially those from poor households. Insurance companies will also continue to deny proper health care coverage for preexisting conditions. These insurance companies are also controlled by wealthy individuals and companies whose ultimate goal is money and profit not appropriate health cover. Health care reform has been long overdue and Obamacare offers solutions to the problems in health provision. Work cited Crowley, Steven. â€Å"Health care reform and the Supreme Court (Affordable Care Act).† New York Times. 2 October 2012. Web. 18 November 2012. Kaplan, Robert and Michael Porter. â€Å"The big idea: How to solve the cost crisis in health care.† Harvard Business Review. September 2011. Web. 18 November 2012. Keller, Bill. â€Å"Five Obamacare Myths.† The New York Times. July 12 2012. Web. 18 November 2012. Taylor, Chris. â€Å"The health care reform that can’t be stopped.† Harvard Business Review. 18 April 2012. Web . 18 November 2012. Zax, J.S. â€Å"Paying for Obamacare.† Economist. 2011. Web. 18 November 2012.