Contemporary Ethical Issues Part III

Here, I would like to reflect on Ethics lecture at week 10. Week 10 was on Monday, March 18, 2013. In this lecture, we continued to study about Contemporary Ethical Issues, such as: insider trading, death penalty, animal right, same sex marriage, and internet privacy. We also studied about LGBT right (Lesbian, Gay, Bisexual, & Transgender right).

Here, I would like to reflect on Ethics lecture at week 10. Week 10 was on Monday, March 18, 2013. In this lecture, we continued to study about Contemporary Ethical Issues, such as: insider trading, death penalty, animal right, same sex marriage, and internet privacy. We also studied about LGBT right (Lesbian, Gay, Bisexual, & Transgender right).

Insider trading is the trading of a corporation’s stock or other securities (such as bonds or stock options) by individuals with access to non-public information about the company. In most countries, trading by corporate insiders such as officers, key employees, directors, and large shareholders may be legal, if this trading is done in a way that does not take advantage of non-public information. However, the term is frequently used to refer to a practice in which an insider or a related party trades based on material non-public information obtained during the performance of the insider’s duties at the corporation, or otherwise in breach of a fiduciary or other relationship of trust and confidence or where the non-public information was misappropriated from the company.

Death row, in English speaking countries that have capital punishment is the place, often a section of a prison, that houses individuals awaiting execution. The term is also used figuratively to describe the state of awaiting execution (“being on death row”), even in places where no special facility or separate unit for condemned inmates exists. After individuals are found guilty of an offense and sentenced to death, they remain on death row during appeal and habeas corpus procedures, and if those are unsuccessful, until execution. Opponents of capital punishment claim that a prisoner’s isolation and uncertainty over his or her fate constitute a form of mental cruelty and that especially long-time death row inmates are liable to become mentally ill, if they are not already. This is referred to as the death row phenomenon. In extreme cases some inmates may attempt suicide.

Animal rights is the idea that some or all nonhuman animals are entitled to the possession of their own lives, and that their most basic interests – such as an interest in not suffering – should be afforded the same consideration as the similar interests of human beings. Advocates oppose the assignment of moral value and fundamental protections on the basis of species membership alone – an idea known since 1970 as speciesism, when the term was coined by Richard D. Ryder – arguing that it is a prejudice as irrational as any other. They agree for the most part that animals should no longer be viewed as property, or used as food, clothing, research subjects, or entertainment. Same-sex marriage (also known as gay marriage) is marriage between two persons of the same biological sex and/or gender identity. Legal recognition of same-sex marriage is sometimes referred to as marriage equality or equal marriage, particularly by supporters. The introduction of same-sex marriage has varied by jurisdiction, resulting from legislative changes to marriage laws, court challenges based on constitutional guarantees of equality, or legalization by voters through referendums and ballot initiatives. The recognition of same-sex marriages is a civil rights, equality, human rights, political, social, moral, and religious issue in many nations. Debates arise over whether same-sex couples should be allowed to enter into marriage, be required to use a different status (such as a civil union, which either grant equal rights as marriage or limited rights in comparison to marriage), or not have any such rights. Same-sex marriage can provide LGBT taxpayers with government services and make financial demands on them comparable to those afforded to and required of male-female married couples. Same-sex marriage also gives them legal protections such as inheritance and hospital visitation rights. Eleven countries (Argentina, Belgium, Canada, Denmark, Iceland, the Netherlands, Norway, Portugal, Spain, South Africa, Sweden) allow same-sex couples to marry nationwide. Same-sex marriages are also performed and recognized in Mexico City, Quintana Roo, and parts of the United States; in Brazil, civil unions may be converted into marriage. Some jurisdictions that do not perform same-sex marriages but recognize it being performed elsewhere include: Israel, Aruba, Curaçao and Sint Maarten, Rhode Island in the United States, Mexico, Brazil, and, in at least one case, Uruguay. Australia recognizes same-sex marriages only if one partner has had gender reassignment therapy.

Internet privacy involves the right or mandate of personal privacy concerning the storing, repurposing, providing to third-parties, and displaying of information pertaining to oneself via the Internet. Privacy can entail either Personally Identifying Information (PII) or non-PII information such as a site visitor’s behaviour on a website. PII refers to any information that can be used to identify an individual. For example, age and physical address alone could identify who an individual is without explicitly disclosing their name, as these two factors are unique enough to typically identify a specific person.

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