The End Posted February 17, 2004 Report Share Posted February 17, 2004 However, looking very short term, Something else is seen. Link to comment Share on other sites More sharing options...
Guest Posted February 17, 2004 Report Share Posted February 17, 2004 HANGHAI - The qualms are gone. Now even Japan's pride and joy, its top-end electronics manufacturers, are coming to China. They are building immense new plants and research centers here to take advantage of abundant Chinese labor, doing nearly every kind of job their Japanese work force does. Cost pressures are driving them to forget old fears of having their best technology stolen or of harsh publicity at home from moving high-paying jobs out of the country http://www.nytimes.com/2004/02/17/business...&partner=GOOGLE Link to comment Share on other sites More sharing options...
Guest Posted February 17, 2004 Report Share Posted February 17, 2004 India warns US over outsourcing curbs Gulf Daily News, Bahrain - 15 minutes ago India told United States Trade Representative Robert Zoellick yesterday that a US Senate bill which seeks to curb the export of US jobs could hamper Indian http://www.gulf-daily-news.com/Articles.as...e=74335&Sn=BUSI Link to comment Share on other sites More sharing options...
Hiding Bear Posted February 17, 2004 Author Report Share Posted February 17, 2004 India warns US over outsourcing curbsGulf Daily News, Bahrain - 15 minutes ago India told United States Trade Representative Robert Zoellick yesterday that a US Senate bill which seeks to curb the export of US jobs could hamper Indian http://www.gulf-daily-news.com/Articles.as...e=74335&Sn=BUSI Zoellick said if India wanted to have an outsourcing business and wanted to sell goods to the United States, it would also need to open up its markets to US exporters. What exactly would we export to them? Don't think those jobs lost to India will ever come back short of an outright trade or even real war - or some new technological development. Plasma TVs have given sales boosts to retailers and domestic Japanese stores. However it's not an economy reshaping development, and I don't see any new tech creating demand for employment in the US. Link to comment Share on other sites More sharing options...
DrStool Posted February 17, 2004 Report Share Posted February 17, 2004 Your Golden Stool, including short and long term updated charts and price targets, is loaded each morning. Even if you are not a goldbug, you should check out the Golden Stool, a daily Anals release. Take a subscribatory and get the latest release of the Golden Stool from your Anals RIGHT NOW! Don't miss another Golden Stool! 15 Day Intro Subscribatory. Just $2.99! Get In RIGHT NOW! Link to comment Share on other sites More sharing options...
depends Posted February 17, 2004 Report Share Posted February 17, 2004 Saw this fellow on tv with Maria 'Fartaroma' tonight with Laurence Lindsey. Nobel laureate, former World Bank Senior Vice President and Chief Economist etc. A very influential economist who seemed to take issue with Lindsey over defecits. Thought some of you smart guys might be interested in his homepage which I found. Linking thru I read of his interest in global economic policies. Doubt if this will help in trading but he has a part in the big picture. Joseph E. Stiglitz Link to comment Share on other sites More sharing options...
zensmoke Posted February 17, 2004 Report Share Posted February 17, 2004 Snippet---?The EU had no problem with outsourcing. It is good for you and good for us,? European commissioner for external relations Chris Patten said. The EU is India?s largest trading partner and one of the major foreign investors. European Union puts faith in outsourcing Link to comment Share on other sites More sharing options...
zensmoke Posted February 17, 2004 Report Share Posted February 17, 2004 SANTIAGO, Chile (Reuters) - Chile has created a national registry of certified English speakers to woo companies to set up call centers here, competing against other countries in the outsourcing boom that has sparked concerns about job losses in the United States... Chile woos outsourcing with English-speakers registry Link to comment Share on other sites More sharing options...
Guest Posted February 17, 2004 Report Share Posted February 17, 2004 First case of bird flu confirmed in Tibet Phayul, Tibet - 9 minutes ago Beijing, February 16 - China today confirmed seven cases of suspected bird flu, including the first in the remote Himalayan region of Tibet, which shares a ... http://www.phayul.com/news/article.aspx?id=6096 Japan checking on new bird flu outbreak reports Reuters AlertNet, UK - 23 minutes ago TOKYO, Feb 17 (Reuters) - Japan's farm ministry said on Tuesday that it had received reports indicating there might be a second outbreak of bird flu in Japan ... http://www.alertnet.org/thenews/newsdesk/T355792.htm Link to comment Share on other sites More sharing options...
zensmoke Posted February 17, 2004 Report Share Posted February 17, 2004 Euronet Services India Ltd., a provider of electronic financial transactions for banks, retailers and mobile operators, has bagged a contract to manage the ATM services of Development Credit Bank (DCB). ATM Outsourcing: The Latest Buzzword For Banks Link to comment Share on other sites More sharing options...
zensmoke Posted February 17, 2004 Report Share Posted February 17, 2004 "It is one of the best-kept secrets among tax preparers: a growing number of accountants across the nation are using workers in India to prepare tax returns for clients in the United States." Outsourcing Abroad Applies to Tax Returns, Too Link to comment Share on other sites More sharing options...
depends Posted February 17, 2004 Report Share Posted February 17, 2004 Musical Interlude Super Patriot Link to comment Share on other sites More sharing options...
brian4 Posted February 17, 2004 Report Share Posted February 17, 2004 Do you notice the new mantra-its been said 3 times on the news tonite twice here and once in Europe-"Outsourcing is a Goooood thing-gooooood for Murica, goooood for yrope" nothing to see here move along. These pricks are trying to manage a train wreck-problem is the sheeple are too busy watching fear factor. When oh when will they wake up! Link to comment Share on other sites More sharing options...
Guest Posted February 17, 2004 Report Share Posted February 17, 2004 At 2 Airlines, Management and Unions Focus on Cuts By MICHELINE MAYNARD Published: February 17, 2004 Unions and management at two troubled airlines are facing off over cuts that executives say are critical to their companies' survival. At United Airlines, the battle is over reductions in health care benefits for 35,000 retired workers. Executives say the savings are necessary for the airline, the nation's second largest behind American Airlines, to secure federal loan guarantees and emerge from bankruptcy protection as planned later this year. Meanwhile, US Airways, the country's seventh-largest carrier, wants a third round of concessions from its unions, on top of two granted while it was in bankruptcy. It sees the wage and benefit cuts as a major component in its drive to reduce its costs to the level of low-fare carriers. http://www.nytimes.com/2004/02/17/business/17air.html Link to comment Share on other sites More sharing options...
depends Posted February 17, 2004 Report Share Posted February 17, 2004 B4 - In a past life I was a high paid programmer and I hired a guy from the Dominican Repub who is a first rate programmer. He sent me this today - it is circulating among spanish speaking IT workers: ----------------------------- During the generation of our grandparents, careers lasted for lifetimes. A man could spend 40 years working the same job and safely retire; this is no longer the case. The average stay of a person in one job is less than five years in present-day America. Jobs are becoming more and more coveted and workers more insecure, as they could be fired and replaced in no time. Outsourcing is a growing trend in America - it is now all the rage. It amounts to a huge cost reduction for businesses, and thousands of lay-offs for the American workers. Outsourcing is the process in which businesses look for cheaper work in labour pools other than the norm. In the case of America, outsourcing means going overseas to look for workers. The advantage in this arrangement is obvious: Why pay a software engineer $90,000 a year when you can pay an engineer in India,who is equally capable, $20,000 a year? It is being called globalization's next wave. Because of instant communication and high-speed data transfer rates it is now possible not to have a traditional office, but rather a collection of individuals connected on a broadband-powered network. It is now possible to have your main office in New York (in fact, you don't even need an office), and have all your software written in India and sent to you in less than 10 minutes. Your Indian co-workers will work for 60% less than any software designer in the United States. The United States has always had the attitude and the ill-conceived notion that the States is the only country in the world that retains the intelligence and experience to work with advanced technology. Now, with university attendance up tremendously all around the world, thousands upon thousands of young minds are being added to the world's burgeoning labour pools. This influx of labour coupled with the worldwide recession is driving down wages and failing businesses are looking for innovative ways to make a buck. Enter: Outsourcing. The trend of outsourcing in America began almost twenty years ago with jobs such as the manifacturing of shoes, cheap electronics (we've all seen the logo - ' Made in Taiwan '), and the making of toys. Now that high speed Internet has been made available there has been a frenzy of hiring across the oceans from companies in the United States. Now, even corporations like Microsoft and Intel are moving jobs overseas at a breakneck pace. Designing software and microprocessors are things that can be done just as well overseas as in America - and for nearly half the cost! Currently, a battle rages through the United States Congress on the future of outsourcing. Many of the congressman believe outsourcing to be a threat to the American working man, and seek to place limits on the hiring of non-US residents. The battle over outsourcing is heating up as many groups are working to prevent congress from placing limits or rulings on the economics of outsourcing. According to C. Srinivasan, head of offshore operations in India for Electronic Data Systems Corp, Indian software companies deliver savings of more than 60% to US companies, fostering growth and creating new jobs. No matter where people stand on this issue, it is a good bet that outsourcing will continue to grow in popularity, and as C. Srinivasan puts it "In the next three to five years, The India solution will be a critical part of every portfolio." This seems very likely, as businesses will always seek to cut spending to foster productivity and profit. The blame does not fall alone on the cost-cutting corporations. According to many experts and special interest groups, the Bush administration in particular seems to have its' fingers crossed whenever it speaks of job growth. Just this September George Bush happily signed into law the Singapore and Chile Free Trade Agreements. As Bush noted in his press conference during the signing: "I'm honored to sign into the law these two pieces of legislation, implementing our free trade agreements with our friends Chile and Singapore". However, many sources paint a completely different picture of these agreements. Project USA, an immigration-reform organization, was quoted in saying: "The Chile/Singapore free-trade agreements will allow 'American' corporations to move an unlimited number of 'employees' from those countries to ours...With 18 million Americans struggling to find full-time employment, the Bush administration has no business making agreements with foreign nations to flood the labor market with an unlimited amount of imported labor". With unemployment at its' highest in years, the Bush administration claims they are doing everything they can to foster job growth. Meanwhile, they are signing legislation such as the Chile/Signapore FTAs quietly in the background. Rob Sanchez, a critic of work-visa abuse, commented in May, 2002: "Once these agreements are passed, American workers will be powerless to stop the flood of workers that will arrive to compete with them in the job market". The corporations are not given sole blame in the flurry of outsourcing that is contributing to American job losses; The Bush administration continues to astound economists and workers alike with their labour policies. The Bush administration continues to foster its' agenda based on deals and breaks for corporation, while the American workers are handed the bill. Syndicated columnist Phyllis Schlafly places the blame quite squarely on the Bush administration: "What makes this racket possible is the parternship between corporations and the government,". The Bush administration is clearly taking backwards leaps when it comes to job growth and economic revival. If you believe that you are immune to all this about outsourcing, being that you are too high on the totem pole to be affected - then you are dead wrong. Firms such as Lehman Brothers and Bear and Stearns, for example, are beginning to use financial anal cysts from India for accounting and stock picking. In fact, one man I've recently interviewed puts things in perspective. "Don't think the people at the unemployment office are stupid. I know many people there, and many of them have degrees from schools such as Harvard and Yale, and MBAs from Wharton. In fact, one man I know has two degrees from Harvard and is now working the returns counter at Home Depot. Why? Because he can't find work anywhere else." John C. McCarthy of Forrester Research Inc. was recently quoted in Business Week's premiere article on outsourcing: "You will see an explosion of work going overseas," says McCarthy. He predicts that 3.3 million white collar jobs alone and $136 million of wages will move overseas by 2015. Making things worse, this hiring spree overseas is coinciding with massive corporate layoffs happening right here at home as we slip deeper in the recession. Our days of security and oneupsmanship in the job market may be numbered. Link to comment Share on other sites More sharing options...
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