Keeping in view the present state of affairs, only Florida is inviting the attraction of investors from Colombia, Haiti and Cuba. The environment is favorable for planting business roots in US. Credit Sesame, serving in the capacity of a loan management and online credit firm, conducted a study about real estate business using data of National Association of Realtors. The findings show that Sunshine State enjoys the largest market share among foreign residents by attracting almost 31 percent of the total home purchases.
The business generated by foreign buyers, in 2009 in the market of real state was 66 billion USD. In 2010, it increased up to 82 billion USD. According to a real estate and finance teacher, Susan Wachter who works at The Wharton School in the University of Pennsylvania, “the housing sector is now much cheaper and more affordable than it was previously.” It is however suggested that it is a lot more difficult to gain credit or loans but there is still an inflow of cash that comes in from abroad through investors mostly.
The buyers of residential places abroad presume that the United States is a favorable place to invest money in as a bet. “It can be stated that with the increasing uncertainty prevailing in the world, the real estate sector is one of the safe places to put your money in.” She says that the possession of homes is slowly increasing in importance and is becoming more affordable for the foreigners as compared to the US residents, as stated by Credit Sesame Report. “Almost 80 percent of the US residents who are not born there are in possession of a house since 2009 as found by National Association of Realtors. The nominal ownership rate at that time was almost 64.5% and has now gone up to 66.3%.
USA’s Southern neighbor, Mexico is known to be on the top when it comes to the foreign buying and selling of the US homes. Other states involved in this business include the following:
• The first state is Florida with approximately 12% of the entire home purchases that take place among foreigners. This is closely followed by California. The vast majority of the foreigners’ inflow is from Mexico, China, Vietnam, Philippines, and India.
• At the third position comes Texas contributing almost 9% with its international residents where most of them belong to China, Philippines, Vietnam, India as well as Mexico.
• Next is Arizona which proves to be the fourth largest contributor to the market giving in 6% of the foreign purchases of the homes. The people from Mexico, India as well as Iraq are the ones with the highest possibility of buying homes in these regions.
The audits that were carried out in Apple reflected a huge usage of child labor. There have been breaches seen in the amount of pay received, the benefits extended towards the employees and the work environment given in China.
This Friday, Apple Inc gave out an audit report of the largest suppliers they had and said that numerous violations had been brought to light in relation to the pay rates, the fringe benefits as well as the work environment in the huge plants operating in China. Cupertino is a Californian company which was questioned for its secretive supply chains and what the reason was why they never revealed the supply chain they had.
The company conducted 229 audit reports which showed an 80 percent increase from 2010. Important suppliers and the final assembly of Apple’s supply chain were explored. It was decided that in order to solve the issues regarding the working conditions at the factory, the consumer giant device would allow an independent auditing team from the Fair Labor Association to interfere in the matter.
As per an audit report, Apple stated that “It's a level of transparency and independent oversight that is unmatched in our industry." Moreover, it claimed that although 6 on-going and 13 old cases of child labor were found at some of its component manufacturers but none were found at its final assembly manufacturers. In another report, "Supplier Responsibility Progress Report", it was also noted that Apple had asked its 67 suppliers to repay the workers whose pay had been reduced in order to penalize them. In the same report, it was also mentioned that apple had stopped doing business with one of its manufacturers and rectified the performance of another one, both of which had been accused of continuous crime.
No comments:
Post a Comment