Netw206 W1 Assignment 1
APPLYING ECONOMICS TO CURRENT EVENTS
Applying Economics to Current Events
Ivy Bridge of Tiffin University
There are so many events going on in the world today. There is a housing market issue, health care reform issue, and companies fighting for paid sick leave from their jobs. There are many more this is just to name a few. The housing market is going to start booming again for a short time. The health care reform created by Obama will continue to be an issue for a long time, and companies are fighting to get paid sick leave when they are ill. There are so many things that have changed in the world, and it sure is not what it used to be.
First, the housing market is starting to come back to business, but it is taking some time. “Between 2002 and 2007, the population of prospective homeowners grew at an average annual rate of 2.5 million. Over this same time period, the number of households increased by average of 1.1 million. And to accommodate these newly formed households, homebuilders built an average of 1.7 million housing units a year” (Maxfield, 2013). That is great for some people. When the United States was in the recession, there were many of people that lost almost everything that they owned. Anyone that is looking to buying a home, or having one built should take careful planning before doing so. People should consider that the United States could go into another recession at any time. Is the person going to be able to afford their home? That is the number one question a person should ask themselves. There are many people that try to live outside of their means. Sure it is nice if the person has a good job that is secure. Most jobs are not securing anymore, especially health care.
The health care reform has everyone up in a roar. Some people agree with the reform and others do not. Something has been pulled out of the Affordable Care Act and, “It gives states just enough power over insurance marketplaces and the Medicaid expansion to continue
Applying Economics to Current Events
Ivy Bridge of Tiffin University
There are so many events going on in the world today. There is a housing market issue, health care reform issue, and companies fighting for paid sick leave from their jobs. There are many more this is just to name a few. The housing market is going to start booming again for a short time. The health care reform created by Obama will continue to be an issue for a long time, and companies are fighting to get paid sick leave when they are ill. There are so many things that have changed in the world, and it sure is not what it used to be.
First, the housing market is starting to come back to business, but it is taking some time. “Between 2002 and 2007, the population of prospective homeowners grew at an average annual rate of 2.5 million. Over this same time period, the number of households increased by average of 1.1 million. And to accommodate these newly formed households, homebuilders built an average of 1.7 million housing units a year” (Maxfield, 2013). That is great for some people. When the United States was in the recession, there were many of people that lost almost everything that they owned. Anyone that is looking to buying a home, or having one built should take careful planning before doing so. People should consider that the United States could go into another recession at any time. Is the person going to be able to afford their home? That is the number one question a person should ask themselves. There are many people that try to live outside of their means. Sure it is nice if the person has a good job that is secure. Most jobs are not securing anymore, especially health care.
The health care reform has everyone up in a roar. Some people agree with the reform and others do not. Something has been pulled out of the Affordable Care Act and, “It gives states just enough power over insurance marketplaces and the Medicaid expansion to continue
References: Maxfield, J. (2013, July 1). The housing boom is almost here. Retrieved from http://www.nbcnews.com/id/52377109/ns/business-motley_fool/t/housing-boom-almost-here/ Vox, F. (2013, July 7). Obamacare delay: Business wins, the rest of us lose. Retrieved from http://www.cnn.com/2013/07/07/opinion/vox-employer-mandate/index.html?iref=allsearch Koba, M. (2013, July 7). For millions of workers, getting sick doesn 't pay. Retrieved from http://www.cnbc.com/id/100857686