By Dialogo June 15, 2012 Lobo and his Salvadoran counterpart, Mauricio Funes, declined to attend a Central American summit held in Guatemala on March 24 in order to analyze Pérez’s proposal. “We know that this problem (of drug trafficking) is not only a Guatemalan problem or only a Honduran problem; it’s a problem that we share in Central America, as transit countries for drug trafficking,” Pérez said. “We also addressed how to improve security in order to eliminate blind (illegal) border crossings” through a binational police force, or a trinational one if El Salvador joins, the Honduran president added. He explained that all frontal assaults on drug trafficking should be supported by prevention strategies. Following a brief meeting in the Guatemalan capital, Guatemalan President Otto Pérez and Honduran President Porfirio Lobo agreed on June 13 to do better in the fight against drug trafficking and crime, which are heavily impacting their countries and all of Central America. “We’ve addressed issues that we Central Americans share as a challenge, increasingly strengthening exchanges of information and making that joint effort to combat transnational crime,” Lobo stated at a joint press conference with Pérez at the Presidential House. “People talk about how we’re more effective together, not on the combat side, but on the prevention side (…),” the Honduran president specified. Lobo recalled that they are working together with the United States on the strategy known as Operation Martillo, focused on containing the entry of drugs into the region. “Central America’s problems are problems that unite us; in addition, we have many more points of convergence, of union, than points where we could diverge,” Pérez concluded.
The savings crisis is not waving the little white flag anytime soon. Americans face a barrage of financial obstacles in today’s economy: stagnant wages, low interest rates, and a painful absence of financial literacy. The situation is so dire many Americans believe they won’t ever be able to leave the workforce. They survive paycheck to paycheck. However, all hope is not lost. One simple maneuver is helping millions of working Americans save for their futures.In a perfect world, parents and the education system would teach personal finance to every boy and girl. Our children would grow up being taught good savings habits, applying those lessons throughout life to improve their financial situations. Unfortunately, reality is quite different. Many parents are afraid to talk about money, and while some schools are now teaching personal finance, bureaucracy hinders a more national impact. As a result, we’re left with a country filled of financial illiterates — where nearly half of Americans save virtually nothing.What’s the solution? Make saving money the default decision. When faced with a choice on a seemingly complex subject such as money, many individuals often take the default or “no decision” choice. In the case of voluntary savings plans, which requires participants to take action in order to save money, the “no decision” choice is a decision not to save. 401(k) plans are the most popular example. One quarter of employees don’t even save enough to receive the employer match, missing out on $24 billion of practically free money every year. continue reading » 27SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr