@KRACare@KRACare why is difficult today to get the reset passwords emails or the OTPs, it just keeps saying the password has been emailed but on checking the inbox you find nothing
American and European companies WILL NEVER do projects worth BILLIONS in Kenya because they can't give the 20 to 30% KICKBACK the Chinese companies so easily/effortlessly give to KENYAN OFFICIALS https://t.co/8sTEVgXBCZ via @thestarkenya
It may not be easy, but your destiny is calling. You have greatness in you. Don’t let people talk you out of it; don’t let circumstances convince you that you can’t.
Remember you and I can change this nation because our power together is so enormous. You are armed with a strong mind and education that has opened your eyes to make change. Let each of us arm ourselves with responsibility to build and grow the quality of our nation. #AskKirubi
When Kibaki got into power..
He stopped the over dependance of aid.
His govt stopped borrowing locally thus causing banks to start giving out cheap loans to people... The results were
-the rise of a new middle class
-people bought houses,cars etc
-businesses grew
The US economy added 128,000 jobs in October and unemployment rose slightly to 3.6%. A loss of 36,000 manufacturing jobs was impacted primarily by the GM strike. https://t.co/JQydaLa5rF
Debt distress dynamics 101:
Gov borrows heavily for low return investment>crowds out productive private investment>productive economy stagnates>revenue falls short just as gov debt costs go up> austerity accelerates contraction>gov forced to borrow more to stay afloat…
However, when individuals were given the option of either definitely losing $1,000, as opposed to having only having a 50% chance of losing $2,500, they actually selected the latter!
Individuals are risk averse when faced with gains but risk takers when trying to avoid losses.