monumental transformation

monumental transformation

Postautor: DMT » 10 mar 2018, o 08:46

By Matthew Rusling


WASHINGTON Cheap Nike Air Max 1 Outlet , Nov. 24 (Xinhua) -- Adults in the United States are expected to spend an average of 720 U.S. dollars on gifts this Christmas, up slightly from a 704 dollars estimate in November last year, indicating a so-so holiday season for American retailers, said a Gallup poll released Monday.


The news comes as the U.S. economy slowly slogs toward recovery after the worst recession in decades, and reflects a clear but painstaking improvement in the economy, although millions still remain unemployed and wages remain stagnant.


Moreover Cheap Nike Air Max 2017 Outlet , trends reflect what some economists and observers believe may be a new normal -- instead of the type of robust recovery that prior recessions have seen, the U.S. is seeing less spending, lower wages and high jobless rates. Some even fear this could be a lost decade for many young people just entering the workforce, who for years may be unable to secure a good job in their field, which could dramatically impact their lifetime earnings.


Barring a major economic crisis or harsh winter weather that curbs Americans' willingness to shop, consumers seem on track to spend a bit more on Christmas gifts this year than they did last year. But even if consumers' spending reaches the high end of the range indicated by their current spending forecast Cheap Nike Air Max 2018 Outlet , U.S. retail sales growth for November and December would still barely hit the 14-year average of 3.1 percent, suggesting Christmas sales still aren't what they used to be, Gallup said in a report accompanying the poll.


Overall, a quarter of Americans plan to spend 1,000 dollars or more on gifts, and another 21 percent will spend at least 500 dollars. At the other end of the spectrum Cheap Nike Air Max Outlet , 24 percent expect to spend less than 250 dollars, and 15 percent will spend between 250 dollars and 499 dollars. Nine percent of Americans tell Gallup this year that they won't spend anything or don't celebrate Christmas, Gallup said.


Though up from 2013, the current spending estimate is well below the November reading in several earlier years, particularly in 2006 and 2007, when the data exceeded 800 dollars Cheap Air Max 1 Outlet , according to Gallup.


Since posting a solid 3.7 percent gain in 2010 after the highly anemic recession-era sales of 2008 and 2009, holiday retail sales have grown by smaller amounts each year. Thus, given last year's disappointing sales gains, an increase of 2 percent or larger may be a welcome sign for retailers, Gallup found.


by Christine Lagat


NAIROBI, Aug. 6 (Xinhua) -- China's massive capital injection into key sectors of the Kenyan economy coupled with technology and skills transfer has unleashed prosperity and renewal in the East African nation.


Government statistics indicate that Kenya has received soft loans and grants worth billions of dollars from China since the country gained independence five and a half decades ago.


Interest free loans from China are behind Kenya's latest infrastructure modernization frenzy Cheap Air Max 2017 Outlet , growth of light manufacturing, innovations and skills upgrade among the youth.


Kenyans of a certain generation recall with nostalgia when China's soft and hard power started making a significant difference in their lives.


Hillary Njuguna, a middle aged father of three witnessed the construction of Moi International Sports Complex on the outskirts of Nairobi in late 80s by a Chinese contractor.


Njuguna said the largest modern sports complex in East Africa whose construction was made possible by an interest free loan from China remains an architectural marvel and an inspiration to youth aiming for a successful career in sports.


"As a young adult back in the late 80s and early 90s, a visit to Moi International Sports Complex to watch a football match was a thrilling experience. We also used to visit the stadium to participate in local athletic championships," said Njuguna.


The blossoming Sino-Kenya ties have been accompanied by generous financial support to key sectors of the economy like manufacturing, energy Cheap Air Max 2018 Outlet , infrastructure, ICT, health, agriculture and tourism.


Experts from diverse school of thought who spoke to Xinhua recently were unanimous that Chinese financial aid and technical support has transformed lives while accelerating growth momentum in the country.


In particular, they pointed at the monumental transformation in Kenya's transport sector and commerce since the launch of China funded Mombasa-Nairobi Standard Gauge Railway (SGR) in May.


Professor Peter Kagwanja, the CEO of Nairobi-based Pan African think tank Cheap Air Max Outlet , Africa Policy Institute, said in an earlier interview with Xinhua that Chinese aid has enabled Kenya tackle endemic challenges like poverty, hunger, disease and unemployment.


According to Kagwanja, Beijing has been a dependable ally in efforts to uplift the living standards of ordinary citizens in Kenya and the greater Sub-Saharan African region.


Kenya has reached out to China in a bid to strengthen response to emergency disasters like droughts that have become frequent thanks to climate change.


The Chinese government in March responded to Kenya's request for emergency food aid by donating 21,366 tonnes of rice worth about 22.5 million dollars to tackle hunger and malnutrition in drought hit counties. The rice is expected to support 1.4 million drought-affected people for one month.


At the same time Cheap Nike Air Max 1 Online , Chinese businesses and individuals came out strongly in support of Kenya's drought victims by donating food, clean water and medicine.


Musyoka Mulandi, a 65 years old father of seven, hailed food donation from Chinese firms in March to fellow drought stricken villagers in lower eastern Kenya terming it a respite to their hunger pangs.


"The food donation from Chinese companies was timely and will avert suffering in this village where crop failure in the last two seasons has worsened hunger among households," Mulandi told Xinhua in March.

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Re: monumental transformation

Postautor: valdarian » 18 wrz 2018, o 20:47

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Re: monumental transformation

Postautor: watchesbiz » 3 cze 2019, o 05:12

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