About Me

I'm not much into politics and also know less about US Gov't. I'm obligated to take this class as a pre-requisite for my nursing major but i believe this course will make me more knowledgeable to become a better citizen.

Monday, October 20, 2008

Abortion Rights: Back in the spotlight

I choose to criticize the argument written on Abortion Rights by Marianne Mollmann.
She is the Advocacy Director for Women’s right at human rights watch. Ms. Mollmann specializes in the reproductive rights, the Americas, the International Criminal Court, and general issues. Ms. Mollmann is the former co-coordinator of the Women'sWorking Group of the International Network for Economic Social andCultural Rights and the former executive director of the Network inSolidarity with the People of Guatemala (NISGUA). Ms. Mollmann holds anLL.M. in International Human Rights Law from Essex University and speaksfluent Spanish, French, and Danish.
Her intended audience is for women with limited economic resources who face legal and financial obstacles on accessing contraception and abortion and also concerned about current presidential candidate with better focus on this issue. She emphasizes on how the united states lack affordable health care, support with child care and paternity benefits coupled with limited access to abortion and even contraception which contributes to rise in low-income families and uninsured children over the years. She compared it with Denmark where the Government guarantees child health care, public health care and paid paternity leave but has quite low birth rate, 1.74 per woman in her life time where as 2.1 in the US. She argues that fertility should be a matter of choice, financially and professionally for everyone even with available support services.
I agree with Ms. Mollmann that physically giving birth should not be the only thing taken into consideration and that a real opportunity for choice which requires science- based sex education, contraception, maternity & paternity benefits and access to both public and child care should be available for all women.

Thursday, October 9, 2008

stock losses take heavy toll on retirement savings

Author of the article regarding pension melting on USATODAY http://www.usatoday.com/money/economy/2008-10-04-stocks-retirement_N.htm has great implication on losing money in retirement plan. People across the country are not comfortable with what is going on the economy and they are afraid of losing their 401K. Most people in the United States retire when they are of age 60; however, it is impossible to dream for that at this economy crisis. Author uses survey from AARP to show how people are losing their money and trust for government.
Americans have to delay their retirement and they have to work more hour which was suggested in the article. People has also reduced the amount of money which contribute to their retirement. I completely agree with the author's point of view that congress has to make immediate reaction to save retirement money. People have worked long and hard to get their money. The solution for this pension melt down is to reduce contribution which is also suggested in the article. The second solution would be to keep their money in saving or IRA for peace of mind of American working force.
Congress has to act very quickly and very carefully on this matter to save the American people rather than the Wall Street brokers. Most retirements are handled by third party investment companies which oversee employee and employer contribution. The Associate Press survey suggests that people are worried if they have to work longer to save more money. In my opinion, it is congress duty to step in at this point in order to save the melt down that will benefit the middle class.
The author of this article has shown explicitly how pension melt down is going to contribute to weaken the economy. Since people in Washington are most worried about the housing and stock market on Wall Street but the pension melt down has to be considered in the bell out. Otherwise, those on verge of retirement may not come close to retirement in near future if pension melt disaster continues.

Friday, September 19, 2008

How would Barack Obama or John McCain really respond the nation's financial turmoil? After reading through several articles to give an answer to this issue, I came across an article http://www.usatoday.com/news/politics/election2008/2008-09-18-econteams_N.htm about the efforts of both candidates on overcoming this crisis and creating economic policy.

According to this article, Republican John McCain said the federal reserve should stop bailing out the nation's failing financial institutions, while Democrat Barack Obama gave his support to the bush administration's multi-pronged effort to stem the crisis. It provides a deep insight about ideas of each candidate's financial advisors on economy which some of them have deep ties to wall street and to the wildly lucrative, lightly regulated environment that contributed to the financial crisis rooted in risky mortgage lending.

As we all know, the running for presidency between the democrats and the republicans is a hot issue coupled with the current deep economic crisis due to turmoil of financial sector. This crisis has far reaching implication for the u.s. economy as well as global economy (the stock market crisis in Russia) which created fear and uncertainity about the future on investors and consumers. Due to this factors, divising this economicpolicy is highly important. To know the views of both candidates and their advisors on this issue is equally important because it affects the stability and growth of u.s. and global economy. It also restores the confidence of both investors and consumers like us. So i think the article is worth a few minutes of our time.