Word: households
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...Sanghavi, told me he moves more than 10 million diamonds out of his plant every year. Diamonds were the revolution India needed, he said. They were bringing jobs and housing to people who had nothing before. In less than a decade of wild growth, the stones had affected the household economies of 10 million people in the state of Gujarat-meaning that person, or somebody in his or her family, had a job polishing diamonds 12 hours a day at 10? a stone. This was a mass of people equivalent to the population of Los Angeles. "We are doing something...
...share their names and advertise a British-style education. Harrow now receives "six figures" per annum and Dulwich a "sizable amount" from their franchises abroad, say school officials. They are frank about wanting the money: with their operating costs increasing and the fees they charge parents rising faster than household incomes, something has to give. For Dulwich's headmaster, Graham Able, the franchises represent "a significant contribution" toward a goal of reinstating, within 15 years, the needs-blind admission policy that set Dulwich apart in the 1960s and '70s. Famous brands in new locations bring other benefits. Aside from their...
...janitors' wages have risen, salaries for other Pittsburgh jobs have followed suit. Security guards, for instance, working in buildings where unionized janitorial workers are employed, have seen their earnings advance in parallel. Over the past three years, the median household income in the city has grown nearly 3%, from $39,643 to $40,699, adjusted for inflation. And annual janitorial-job turnover, as high as 300% in Cincinnati, is just one-tenth that rate in Pittsburgh. As a result, contractors' costs for recruitment and training are significantly lower. "For a community and its families, wage gains for low-income workers...
...past two years, the Fed has increased rates 16 times, so real estate-driven consumption is yesterday's news. Tomorrow's story will be the sharp fall in U.S. growth as consumers face higher mortgage costs. That dynamic could become particularly nasty, given the record level of U.S. household debt, government deficit and unequaled current-account shortfall...
...Antonio Herce, chief economist of Grupo Analistas, a private consulting firm in Madrid. He attributes the flourishing real estate market in recent years in large part to that population joining the housing market. "We also discovered divorce, which has contributed to a big jump in the number of households," says Herce. "And we've seen the arrival in the last five years alone of some 4 to 5 million immigrants." Some of those drivers will fade with time, but the greatest of them won't: the sun. An estimated 2.5 million residences in Spain - more than 10% of the total...