Is there a real estate bubble in Kenya? Recently in the Standard Edition‚ a report by the Central Bank and World Bank said that only eight per cent of Kenyans - 320‚ 000 households - can afford a mortgage and that nine out of ten Kenyans cannot afford to buy the houses they live in‚ even with a mortgage loan in tow. The report also indicated that for one to buy a house worth Sh2 million‚ for example‚ one must have a net salary of Sh100‚000 and service the loan at Sh42‚000 a month for a period of
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In an article called Malibu Local’s Only: “Boys will be Boys”‚ Brian Ludeke successfully argues how MLO qualifies as gang explaining multiple factors as to why it should be established as a criminal street gang. The California Penal Code 186.22‚ defines a criminal street gang as‚ “an ongoing organization of 3 or more persons‚ with a common name‚ or identifying mark or symbol‚ having as one of its primary activities the commission of the crimes listed and whose members individually or collectively
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The Housing Bubble: America’s Downfall Linda Smith Professor Bolden Abstract A housing bubble is a situation where there is an extremely high demand for housing‚ but this demand is created through artificial ways‚ like lowering interest rates. The interest rates are lowered to create a false sense of security for consumers and can lead to economic boom. Also‚ as we are learning the hard way in the United States‚ it can end in economic hardships. Most Americans would tend to agree that
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Dot-com bubble The dot-com bubble was a historic speculative bubble covering roughly 1997 – 2000 (with a peak on March 10‚ 2000 during which stock markets in industrialized nations saw their equity value rise rapidly from growth in the Internet sector and related fields. While the latter part was a boom and bust cycle‚ the Internet boom is sometimes meant to refer to the steady commercial growth of the Internet with the advent of the World Wide Web‚ as exemplified by the first release of the Mosaic
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The Bursting of the Healthcare Bubble Nathan Kaufman makes a very compelling case concerning the unsustainable status of the current health care system. Kaufman speculates that just as the housing market bubble eventually bust‚ the same is expected from the healthcare bubble. Similarities that are drawn between the housing market crash and how the experts refused to believe the inevitable are eerily similar to the perception concerning healthcare in the U.S. today (Kauffman‚ 2011). The rapid
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as well as users as shown in Figures 1. This changed some in the business community to its potential as a means of communication also as a sales and marketing channel. Thus the notion of the "New Economy" has been hit hard since the "dot.com" bubble burst in early 2000. NASDAQ‚ the high-tech stock index‚ shortly after soaring to slightly over 5‚000 in the first quarter of 2000‚ dropped precipitously in the second and the third quarters of 2000‚ continuing its downward trend through 2002 to roughly
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company through the first few years of trading until sales caught up with operating expenses. Such capital ceased to be available for all practical purposes in the second quarter of 2000 following dramatic falls in the "dot crash" following the Dot-com bubble. Boo would probably have failed for this reason even if the user experience had been excellent and the launch on schedule. Problems with the user experience The presentation of products and content on their site were both imaginative and offer
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Chewing gum and bubble gum. Have you ever chewed a piece of gum? If you have‚ have you ever wondered what was in it? What could make this texture and consistency? Who came up with such a thing? I know I have! Can you believe that chewing gum can be traced back 5‚000 years ago?! I thought chewing gum was just created a hundred or two hundred years ago! Chewing gum Creating chewing gum is a short process. Gum production starts with menthol crystals and peppermint oil stirred together. Next
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CANADIAN BUBBLE‚ EH? How real is Canada’s housing bubble anyway? More real than any other countries. That is due to the following facts that I will present below‚ but first it is better to start with a little history. In the year of 2008‚ as stated on Statistics Canada‚ the recovery of the recession was much quicker than in other recession period such as in 1981-1982 and 1990-1992. However‚ was it a real recovery or an illusion? In 2011‚ Globe and Mail published an article on why Canada’s recession
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forces‚ and forswear any form of allegiance or obedience to the Japanese emperor‚ or any other foreign government‚ power or organization?” The men who answered no to these questions were called No-no boys and they were thrown into federal prison. Ichiro Yamada was one of these no-no boys. No-No Boy was written by John Okada and published in nineteen fifty-seven. It is about Japanese-Americans after world war two. Ichiro was a
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