California’s crowdfunding or peer-to-peer lending came about after the adoption of the Jumpstart Our Business Startup (JOBS) Act in 2012, which greatly increased the ways in which sponsors raise funds for real estate purchases and development. The new regulation permits the previously banned promotion or openly solicitation of private funding from accredited people and firms. Anyone with a net worth beyond $1,000,000, not including ownership of their personal residences, or with an annual income of $200,000 or a household with $300,000 per year, if filed jointly with a spouse, can become an accredited investor. Says Kenny Slaught, the amendments gave the go ahead to individual borrowers and lenders to partake in debt and equity financing, where loans generate income in the form of interest, but without an official financial institution there as an intermediary. The online marketplace provides a new avenue for property owners and funders to browse new investment offerings, perform due diligence, access dashboards to track how assets and financial investments are performing.
When human lives are concerned, Kenny Slaught is convinced medical research and practice need expanding horizons for timely and holistic global health interventions. “These grants are meant to spur on new discoveries that could ultimately save millions of lives,” explained Chris Wilson, director of Global Health Discovery at the Bill & Melinda Gates Foundation. “GCE winners are expanding the pipeline of ideas for serious global health and development challenges where creative thinking is most urgently needed.”
Amidst the increasing popularity and overarching involvement of modern technologies in all spheres of human life and activities, California-based entrepreneur and philanthropist, Kenny Slaught, acknowledges the value of groundbreaking innovations in the property development market. As he emphasizes that technological advances have brought America’s real estate industry into the digital age, making the property management sector both more efficient and profitable, Slaught further elaborates on the role of technologies in the housing industry on his blog at KennySlaught.com.
Kenny Slaught is proud to note that David Low, a professor in UCSB’s Department of Molecular, Cellular, and Developmental Biology, will head up an innovative global health and development research project that will go by the title of “Strategy for development of enteric pathogen-specific phage”. Low’s research focuses on a revolutionary way to fight against serious bacterial pathogens that have become resistant to many once-powerful antibiotics. He will create phage to locate and destroy several pathogenic bacteria to avoid enteric diseases in small youth. They will engineer different versions of the T2 lytic bacteriophage that bind multiple different regions of the BamA protein found on the surface of several pathogenic bacteria, which will ensure they only infect these target bacteria. They will test the different phage for ability to kill pathogenic E. coli and Shigella, and whether they will end up forming a resistance.