Thursday 8 September 2022

Houses being built in America in an hour

 Inflation is at its highest in America. In 2020, the US house which was worth $ 3,29,000 i.e. Rs 2.62 crore, has now increased by 30% to $ 4,28,700 i.e. Rs 3.42 crore. Many middle-income people are unable to buy a house. In such a situation, people are looking at a startup called Boxable as an alternative.

Boxable is a company that builds a house for only $ 54,500 i.e. Rs 43.50 lakh to $ 99,500 i.e. Rs 80 lakh. The special thing is that Boxable makes the house stand in just one hour. The world's richest man Elon Musk also lives in Boxable's house.


Boxable is a company based in Las Vegas, aiming to make every minute a home . It was started by Paolo Tiermani in 2017. Paolo's goal when founding this company was to build a house every minute. At present, they have succeeded in constructing the house in one hour. Paolo says that with our technology, that thing has become possible, which was not possible before.

Cassita homes have these amenities

  • Full size kitchen: Fridge, sink, oven, dishwasher, microwave and cabinets are available.
  • Bathroom: Sink, large counter, mirror and sliding glass have space.
  • Living Room: It measures 375 square feet, has 8 doors and windows, wooden floor and AC space.

Parents in UAE are paying 40% of their income in school fees

 Troubled by inflation and in fear whether you will be able to afford your children's higher education or not, you are not alone. Parents of a country considered to be wealthy like UAE are also worried about the expenditure on higher education in the coming times.

According to a survey conducted in the UAE, 66% of parents are not sure that they will be able to afford their children's higher education. Currently, 80% of the people in the UAE are spending an average of 40% of their income on the education of their children.

In the UAE , inflation is low, yet
they are investing the money left after the education and household expenses of the children keeping in mind the higher education of the children only. Inflation rate in UAE is much lower than other countries. Despite this, people are worried about getting higher education for their children. Only 34% of the parents surveyed said that they are able to afford the higher education of their children.

15% of people taking an education loan
50% of the people in UAE have an average monthly income of less than Rs.4 lakh. In this also, around one and a half lakh rupees are being spent in the school fees, tuition, books etc. of the children. Whereas every year 10 to 15 lakh rupees are spent at the graduation level and 12 to 17 lakh rupees annually at the post graduation level. Adding to this the inflation rate, it becomes even higher. The survey also revealed that 39% of parents are making maximum investments for higher education of their children, while 15% are talking about taking loans to complete higher education of their children.

what parents say

  • Adil Eshchak, father of two children, says, “I am investing for my children’s education. After spending the house, there is not much money left for investment. Therefore, higher education of children is possible only when the return on investment is high. So have invested in FD, Bonds, Stock Market, Property and Mutual Funds.
  • Riyaz Mohammad, father of two children, says, "Some money is in the bank for the education of the children, but I am not able to add much for the future. But I will do something for the education of both the children.
  • Rainer Brito, head of Zurich International Life, says parents in the UAE have become more aware of their children's higher education. They are investing for the education of children. Professional courses are becoming very expensive. In such a situation, only regular investment of small savings will reach in a condition to meet the expenses of education in 10-20 years.

Biden told Trump a threat to democracy

 Before the midterm election to be held in America on November 8, President Joe Biden has attacked Donald Trump. Biden said that Trump and his Republican Party are a threat to the country.

Biden said- Trump and his supporters are enemies of American democracy. Democracy is not guaranteed in his country. They want to take the country back. They want to create an America where people will neither have the right to privacy nor any other right.

President Joe Biden said – A lot is happening in our country today, which is not normal.
President Joe Biden said – A lot is happening in our country today, which is not normal.

Equality is under attack,
Joe Biden said during a speech in Philadelphia, Pennsylvania - For a long time we have convinced ourselves that American democracy is guaranteed, but now it is not. He also condemned those who supported Trump's 'Make America Great Again' ideology. He said- Equality and democracy are under attack. We have to raise our voice. Democracy has to be saved.

Condemning political violence,
Biden said that political violence has no place in America. His reference was to the Capitol violence that took place last year. On 6 January 2021 in the US, Capitol Hill (US Parliament) was attacked by supporters of former President Donald Trump. They were angry at Trump's defeat. It was considered an attempt to overturn the results of the presidential election.

Biden backward in the primary for the mid-term election The primary for
the election to be held in November was held in May. During the primaries in the American election, the candidates of both the major parties go to the public and on the basis of popularity, then get candidature in their own party. President Joe Biden's Democratic Party is lagging behind former President Donald Trump's Republican Party in the survey.

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