Democratic nominees=B. Obama v H. Clinton Obama wins a hotly contested race – Oprah endorsed Barak Obama over Hillary Clinton which gave Obama a big boost Presidential Race =*Barak Obama (Dem) v. John McCain (Rep)

*First African American to be elected President Most costly Presidential campaign in U.S. history

*Female entrepreneur, talk show host, actress, producer & philanthropist, who made herself into one of the world’s wealthiest women in the world. Born into poverty in rural Mississippi to a teenage single mother Raised in an inner-city Milwaukee neighborhood. Raped at age nine; pregnant at 14 Winfrey landed a job in radio while still in high school Co-anchored the evening news & later began a women’s talk show

American Recovery and Reinvestment Act, 2009 – $831 billion government bailout to create new jobs, spur economic activity, and invest in long-term infrastructure development

1.According to this cartoon, who does the author believe is being helped? 2.Who is being hurt?

Nominated to the Supreme Court by President Obama, 2009 *First Hispanic Justice & the 3 rd woman to serve on the Supreme Court Born in The Bronx, NYC, of Puerto Rican descent. Father died when she was 9; raised by her mother. Graduated summa cum laude (with honors) from Princeton & Yale Universities

In the 1990s, while the loss of manufacturing jobs was controversial, U.S. consumers & businesses seemed to regard globalization & free trade as positive. American companies sent most of their manufacturing jobs to foreign countries where it is cheaper to do business. Rampant growth in emerging markets has boosted prices for energy & commodities; competition from foreign workers has kept down wage growth, & the weak dollar has made U.S. companies vulnerable to foreign buyers.

*Innovations in the Workplace Robotics-aid in manufacturing *“Just in time” production- parts arrive at the precise time in the manufacturing process they are needed by workers – Benefit: eliminates the need for a large inventory (stock room) of parts

*Result: increasing interdependence among nations and demand for skilled workers increased *Concern of technological development: eliminated high paid factory jobs

Examples of technology developed from the space program: – Flame retardant material – Global Positioning System (GPS) – Shock absorbing athletic shoes – Ingestible toothpaste – Temper Foam – Cell phones