Wednesday, February 19, 2020

Abortion and Virtue Essay Example | Topics and Well Written Essays - 750 words

Abortion and Virtue - Essay Example The main argument is based on the moral characteristics of those who engage in it. However, the paper claims that individuals have a certain character just because they have indulged in various actions; character hinges on the reasons provided for the said choice. The paper orients itself from the viewpoint of the experience of the moral agent. Abortion and Virtue According to Stewart (2009), ethics of virtue or ethics of character holistically informs the rightness or wrongness of the acts that a moral agent undertakes. It gives insights on what to do when confronted by various moral situations. This approach holds that the moral characteristics of a person are formed and trained by the actions that the person engages in or practices. Virtues define the moral character of persons and their actions such as abortion have a bearing on the character of the agent. Ethics of virtue guides an individual in determining the morality of various actions that confront the individual. The approa ch proposes living humanly flourishing lives grounded on virtues. As La Follette (2002) notes, individuals’ views on abortion differ sharply owing to a host of varying reasons. For instance, prochoice proponents argue that abortion gives the mother a chance reign on her life hence respecting her rights. Nevertheless, many view it as wrong simply because it contradicts their religious views. As illustrated, the debate on abortion is not clear cut as there are those who think that it is utterly wrong. This is irrespective of those who argue that it is a moral choice inspired by warranting circumstances (Harman, 1999). In this debate, virtue theorists dwell on whether abortion is a virtuous action or not, by basing their arguments on whether it can be carried out virtuously (such as with compassion). Similarly, they probe if it promotes eudemonia (happiness). Regardless of the antagonism within the debate, the justification of abortion must be grounded on suitable reasons that a vail the best options to both the mother and the unborn. The take of virtue ethics on abortion puts into account the mother’s character, emotional attachment to the child, desires, thoughts, and the social relationships of all parties. The approach offers flexibility by avoiding being immersed in extremes (Stephen, 2011). The abortion decision and experience can be viewed as both morally permissible as well as morally repugnant; abortion is both a moral action and an immoral one. This issue is controversial to the extent that disagreement on the same is obvious. This in turn, infiltrates bias based on the perspectives that one takes on abortion. Harris & Mills (1985) asserts that the moral character and reasoning that informs abortion decision differs from one person to another. The motive or intention determines the moral status of the act and hence should be solely in pursuit of a real good for many rather than an individualized good. Abortion conflicts with moral virtues t hat many people admire and live for. To a large extent, the reasons that many women give in defence of abortion are not morally acceptable. The choice of abortion is often not estimable because the subjects are not the only ones who suffer but also others who are party to the decision. In most scenarios, abortion thrives in poor relationships and hence unfavourable for raising a child. Thus, the relationships are not designed to be receptive to all responsibilities arising from the union. This in some part hints at irresponsibility and dishonesty on the part of the agents. In other instances, women who have had abortion impose rather than engage their spouses in the decision making process. In some cases, the women who undergo the procedure

Tuesday, February 4, 2020

Financial Risk Management Essay Example | Topics and Well Written Essays - 2500 words

Financial Risk Management - Essay Example The paper would be reflecting the financial risk rising from various perspectives i.e. personal level, institutional level followed by financial risk from the perspective of Islamic religion. Risk management is an essential activity for controlling and eliminating the financial risks in the aforementioned viewpoints. The paper would be discussing the risk management procedures found effective in each of these perspectives. Table of Contents Abstract 2 Table of Contents 3 Personal Risk Management 4 Financial Risk management in Financial Institutions 6 Financial Risk Management: An Islamic View 9 Is the Financial Risk Management Applied 11 Conclusion 12 References 13 Personal Risk Management Risk management should be the main focus point of the financial plan of the investors. There are some investors who do not focus on this aspect of the investment procedure. There are various risks associated with the investment procedure. The first risk is referred as the performance risk. The inve stors need to have diversified portfolio for reducing the performance risk. The second risk involves the volatility risk. The asset classes such as equity and gold tend to give high return on investment in the context of long term period. But it becomes necessary to reduce the volatility risk in the short term and medium term period. The third risk is associated with risk of inflation. This is one of the biggest risks for any long term investor. The asset allocation should be done in such manner that it would be able to beat the inflation over any period of time. In today’s world, making investment has become one of the most important activities in life for every individual. In such case, it is pertinent that all the investors should possess knowledge to certain extent related to the investment risk management. Financial risk management can be explained as a procedure of dealing with uncertainties arising in the financial markets. While the financial institutes handle very co mplex series of procedures for managing the risk, the individuals are required to have knowledge about risk management as well. The individuals need to: 1) Understand the risk tolerance in both emotional and financial terms. 2) Understand personal level of the risk tolerance. 3) Assess and compare the personal risk capacity with the risk tolerance. 4) Identify an effective asset allocation investment portfolio. The aforementioned framework provides a guideline of the understanding of risks, managing them and making effective investment decisions. Risk capacity and risk tolerance are two important attributes associated highly with the risk factor. Risk tolerance can be described as the psychological or emotional attribute and risk capacity can be defined as the financial attribute of the risk factor. Risk Tolerance The fundamental explanation of the term ‘risk’ is the chance of losing something. In investment decision, there remain chances of losing money as well. With g reater probability of big profits, prospect of the losses to take place remains higher. Thus it becomes important to carefully consider the risk tolerance while planning for an investment strategy. Risk tolerance determines the psychological receptiveness of an individual associated with the risk and level of anxiety experienced in various situations where the risk factor is evident. It