Terms
Overhaul-
To renovate or to make overall repairs
CBO-
Congressional Budget Office which is a federal agency responsible for government calculations and analysis
AARP-
American Association of Retired Persons which is a non government organization that promotes the welfare of senior citizens.
http://www.babylon.com/define/35/Economics-Dictionary.html
Late into today the $940 billion health-care reform bill was passed on Capitol Hill. Some people were in favor and some were not. There has been a lot of problems concerning health-care for a while now. Insurance companies have to very trifling. They denied people who were already sick and dropped their customers who got sick. They were very unfair when accepting people for insurance. A lot of people are living with health-care insurance which is very dangerous and some people have even died. The well being of our citizens is vital because without them we would not be a nation. So many have been supporting the bill.
Now that the bill has become law it is estimated that by 2019 95% of people will have health coverage. Rep. Bart Stupak had withheld his vote until he was assured that none of the money is used to fund abortions. After he was assured he and other representatives voted yes. This bill will mandate that insurance companies have to accept all people when if they are already ill. It will expand Medicaid and there will be more taxes for families that earn on $250,000 a year.
I think that even though some people are saying that this bill will ruin are fundamental economy and our freedom that this is a great step forward. We should all care for each other and no one should have to worry that they don’t have insurance to go see a doctor and get help. I predict in the long run this will pay off and we will be a better country because of it.
http://online.wsj.com/article/SB10001424052748703775504575135440191025592.html?mod=WSJ_hpp_LEFTTopStories
Sunday, March 21, 2010
Monday, March 15, 2010
Deadly Risks
Terms
Repossess
To possess again, or regain ownership or return something to its owner
Background check
Is a process of looking up official information about a person.
Licensed
Authorized or permitted
http://www.babylon.com/define/35/Economics-Dictionary.html
It has become extremely dangerous for repo men who jobs are to take cars from people. A man almost died when he repossessed a car and then to get away rode on train tracks. A amtrack train almost hit the man but her jumped from the car in time enough. People are also taking matters into their own hands and using weapons against the men who are repossessing their car. Three to four million vehicles are repossessed every year.
This is happening because the repo men are not licensed and trained. They are only told to get the vehicle or they don’t get paid. People tend to become violent when money is involved. Also people don’t want their vehicles taken away from them. Recently 54 cases were reported that includes people getting hurt and some resulting in the repo man driving away with children in the car. Also fire arms are mostly involved.
Repo men don’t have to be licensed and many are ex-cons and some carry weapons. This is a recipe for disaster. Taylor thinks that repo men should be subject to a background check before being hired. It is a extreme danger to our society. The television show Operation Repo is a negative depiction of the real situation. The show makes things extra while glamorizing the unsafe issue.
I think that people who apply to be a repo man should have a background check done on them. It is better to be safe. Also we as a people shouldn’t want to increase danger in our society. The government should implement this requirement for the safety of everyone. Even though someone in the article said that it would disrupt the court system I think that if they were required to have a background check it would be very simple and the courts would not be disrupted.
http://www.npr.org/templates/story/story.php?storyId=124654374
Repossess
To possess again, or regain ownership or return something to its owner
Background check
Is a process of looking up official information about a person.
Licensed
Authorized or permitted
http://www.babylon.com/define/35/Economics-Dictionary.html
It has become extremely dangerous for repo men who jobs are to take cars from people. A man almost died when he repossessed a car and then to get away rode on train tracks. A amtrack train almost hit the man but her jumped from the car in time enough. People are also taking matters into their own hands and using weapons against the men who are repossessing their car. Three to four million vehicles are repossessed every year.
This is happening because the repo men are not licensed and trained. They are only told to get the vehicle or they don’t get paid. People tend to become violent when money is involved. Also people don’t want their vehicles taken away from them. Recently 54 cases were reported that includes people getting hurt and some resulting in the repo man driving away with children in the car. Also fire arms are mostly involved.
Repo men don’t have to be licensed and many are ex-cons and some carry weapons. This is a recipe for disaster. Taylor thinks that repo men should be subject to a background check before being hired. It is a extreme danger to our society. The television show Operation Repo is a negative depiction of the real situation. The show makes things extra while glamorizing the unsafe issue.
I think that people who apply to be a repo man should have a background check done on them. It is better to be safe. Also we as a people shouldn’t want to increase danger in our society. The government should implement this requirement for the safety of everyone. Even though someone in the article said that it would disrupt the court system I think that if they were required to have a background check it would be very simple and the courts would not be disrupted.
http://www.npr.org/templates/story/story.php?storyId=124654374
Sunday, March 7, 2010
I want the real thing
Revenues :the income of a government from taxation, excise duties, customs, or other sources, appropriated to the payment of the public expenses http://dictionary.reference.com/browse/revenues
Commerce :an interchange of goods or commodities, esp. on a large scale between different countries (foreign commerce) or between different parts of the same country (domestic commerce); trade; business
http://dictionary.reference.com/browse/commerce
Disseminate :to scatter or spread widely, as though sowing seed; promulgate extensively; broadcast disperse
http://dictionary.reference.com/browse/disseminate
In the article Knock-offs catch on , the economic situation that they brought up was that people are making counter fit goods. By them making counter fit goods they are making a lot of money off something that’s not real. Now they are making counter fit vehicles in Bangkok and fake gold in Germany.
The counter fit world makes a lot of money. Just in 2007 they made $250 billion dollars , it makes up 5-7 % of the world trade. The recession increases the profit of counter fit goods. People aren’t able to buy the same expensive items , so they look to the thing that are close to them. Louis Vuitton made complaints just last year and it lead to 9500 knock offs being seized.
I think that more people are going to continue to buy knock offs , as long as the economy is the way it is . I think its wrong for someone to make a duplicate of something that a person has spent there time and effort and also there money on. I believe the crack downs are going to help the situation but people are becoming more crafty and discreet about the situation.
http://www.economist.com/business-finance/displaystory.cfm?story_id=15610089
Commerce :an interchange of goods or commodities, esp. on a large scale between different countries (foreign commerce) or between different parts of the same country (domestic commerce); trade; business
http://dictionary.reference.com/browse/commerce
Disseminate :to scatter or spread widely, as though sowing seed; promulgate extensively; broadcast disperse
http://dictionary.reference.com/browse/disseminate
In the article Knock-offs catch on , the economic situation that they brought up was that people are making counter fit goods. By them making counter fit goods they are making a lot of money off something that’s not real. Now they are making counter fit vehicles in Bangkok and fake gold in Germany.
The counter fit world makes a lot of money. Just in 2007 they made $250 billion dollars , it makes up 5-7 % of the world trade. The recession increases the profit of counter fit goods. People aren’t able to buy the same expensive items , so they look to the thing that are close to them. Louis Vuitton made complaints just last year and it lead to 9500 knock offs being seized.
I think that more people are going to continue to buy knock offs , as long as the economy is the way it is . I think its wrong for someone to make a duplicate of something that a person has spent there time and effort and also there money on. I believe the crack downs are going to help the situation but people are becoming more crafty and discreet about the situation.
http://www.economist.com/business-finance/displaystory.cfm?story_id=15610089
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