Free Republic 4th Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $5,519
Woo hoo!! And the first 6% is in!! Thank you all very much!!

Keyword: offshoring

Brevity: Headers | « Text »
  • GE, protesting Ex-Im Bank demise, threatened to offshore jobs which didn’t exist

    09/17/2015 8:10:07 PM PDT · by SeekAndFind · 10 replies
    Hotair ^ | 09/17/2015 | Jazz Shaw
    Back in June we covered the story of General Electric throwing a fit of pique over the demise of the Export-Import Bank and threatening to ship their jobs overseas if the cookie jar wasn’t opened back up. The amount of sympathy which GE received from our readers and the conservative community in general was… muted to say the least. It seemed like a cheap, tawdry move which was designed to try to hold American workers hostage in exchange for getting what they wanted from the feds.That story took a rather odd twist this week when some new information came...
  • Hewlett-Packard Plans To Cut Up To 30,000 Jobs

    09/16/2015 3:47:51 AM PDT · by CutePuppy · 36 replies
    IBD ^ | 2015 September 15 | Russ Britt
    <p>Short columns must be excerpted to 50% at all times.</p>
  • Missile Technology Sent To China

    02/05/2003 8:08:53 AM PST · by Stand Watch Listen · 24 replies · 1,472+ views
    INSIGHT magazine ^ | February 18, 2003 | Scott L. Wheeler
    An important U.S. high-tech manufacturer is shutting down its American operations, laying off hundreds of workers and moving sophisticated equipment now being used to make critical parts for smart bombs to the People's Republic of China (PRC), Insight has learned. Indianapolis-based Magnequench Inc. has not yet publically announced the closing of its Valparaiso, Ind., factory, but Insight has confirmed that the company will shut down this year and relocate at least some of its high-tech machine tools to Tianjin, China. Word of the shutdown comes as the company is producing critical parts for the U.S. Joint Direct Attack Munition (JDAM)...
  • As Barack Obama's term ends, immigration and visa issues may hurt Indian IT services companies

    06/08/2015 6:51:07 AM PDT · by ConservingFreedom · 17 replies
    The Economic Times ^ | 8 Jun, 2015 | Neha Alawadhi
    NEW DELHI: Immigration and visa issues, which have long plagued the information technology sector, could come back to hurt Indian IT services companies this year as the US heads towards Presidential elections in 2016. In the US, the biggest market for the Indian IT services sector, "this will be a bloody, contentious election and immigration reform is right up there for discussion," said Phil Fersht, founder and chief executive of HfS Research. "The displacement of US IT and back-office jobs will be a significant issue leading up to 2016." India's $146 billion IT outsourcing industry has been a beneficiary of...
  • Immigrants do jobs Americans won't do. Except at Disney. Laid off workers to train foreigners

    06/04/2015 6:38:54 AM PDT · by SeekAndFind · 34 replies
    American Thinker ^ | 06/03/2015 | NewsMachete
    Disney is firing tech employees and replacing them with (legal) foreigners. [A]bout 250 Disney employees were told in late October that they would be laid off. Many of their jobs were transferred to immigrants on temporary visas for highly skilled technical workers, who were brought in by an outsourcing firm based in India. Over the next three months, some Disney employees were required to train their replacements to do the jobs they had lost. But the layoffs at Disney and at other companies, including the Southern California Edison power utility, are raising new questions about how businesses and outsourcing companies are using the...
  • Is the internet killing middle class jobs?

    04/05/2015 5:14:03 AM PDT · by SeekAndFind · 152 replies
    The Week ^ | 04/04/2015 | James Pethokoukis
    The Robopocalypse for workers may be inevitable. In this vision of the future, super-smart machines will best humans in pretty much every task. A few of us will own the machines, a few will work a bit — perhaps providing "Made by Man" artisanal goods — while the rest will live off a government-provided income. Silicon-based superintelligence and robots will dramatically alter labor markets — to name but one example, the most common job in most U.S. states probably will no longer be truck driver. But what about right now? If you're unemployed or working part-time instead of full-time, or...
  • The Great Worker Shortage

    04/01/2015 6:59:31 AM PDT · by SeekAndFind · 26 replies
    Forbes ^ | 04/01/2015 | Steve Moore
    The great conundrum of the U.S. economy today is that we have record numbers of working age people out of the labor ‎force at the same time we have businesses desperately trying to find workers. As an example, the American Transportation Research Institute estimates there are 30,000 – 35,000 trucker jobs that could be filled tomorrow if workers would take these jobs–a shortage that could rise to 240,000 by 2022. While the jobs market overall remains weak, demand is high for in certain sectors. For skilled and reliable mechanics, welders, engineers, electricians, plumbers, computer technicians, and nurses, jobs are plentiful;...
  • Cognizant: A Way to Play India and Healthcare

    02/10/2015 7:39:12 AM PST · by Kaslin · 1 replies ^ | February 10, 2015 | Bill Gunderson
    Cognizant Technology Solutions (CTSH) is one of the largest providers of technology, consulting and business process outsourcing services. The company was founded in 1994 as a captive arm of Dun & Bradstreet and started trading on the NASDAQ in 1998. The stock just hit an all-time high after reporting 4Q earnings and revenues that exceeded analyst estimates. One of the key drivers this quarter was a 26% surge in revenue from the health care division, its second biggest division behind financial services.Cognizant expanded its health-care offering to take advantage of the industry-wide overhaul of the healthcare system spurred by the...
  • Agenda 21: Obama Commits To Helping India Build ‘Smart Cities’ (Video)

    01/28/2015 6:23:37 PM PST · by Whenifhow · 30 replies
    Noisy Room ^ | Jan 28 2015 | Renee Nal
    During his trip to India, President Obama declared America’s commitment to “help design smart cities” and “bullet trains” in the country. The main selling point for “smart cities” is that they are “sustainable,” a vague but applauded term that often used in context of combating what this author strongly believes is a non-existent problem: man-made climate change. During a speech at the Siri Fort Auditorium in India, Obama, who met with Prime Minister Narendra Modi on the tour, declared: We are ready to join you in building new infrastructure…roads and airports, the ports and bullet trains to propel India into...
  • Off-shoring American jobs - good for corporations, bad for everyone else

    09/20/2014 2:28:08 PM PDT · by Noremac · 44 replies
    Communities Digital News ^ | September 20, 2014 | Richard Cameron
    <p>Every now and then I see an article that is so reality deficient that it commits what amounts to sexual assault against common sense. Actually I see them all the time, but one in particular had me shaking my head.</p>
  • Corporations Join Droves Renouncing US Citizenship

    08/31/2014 8:08:24 PM PDT · by SeekAndFind · 10 replies
    Casey Research ^ | 08/30/2014 | Nick Giambruno, Senior Editor,
    Don’t be surprised to lose if you don’t make an effort at being competitive.And if you go out of your way to make yourself less competitive, expect to lose.If that sounds like simple common sense, that’s because it is.But it’s also exactly what the US has been doing for years—enacting tax policies that sabotage its global economic competitiveness.It’s like trying to get in shape for a marathon by going on an all-McDonald’s diet. (Speaking of McDonalds, check out this funny video spoof of what their commercials should really look like.)Here are two major reasons why the US is lagging in...
  • Bill Gates vacations better than most aboard 450-foot luxury yacht near Italy

    08/09/2014 11:16:17 AM PDT · by Kid Shelleen · 82 replies
    NY Daily News ^ | 08/08/2014 | LEE MORAN
    Bill Gates doesn’t slum it when it comes to his vacations. The world's richest man has been photographed enjoying quality family time aboard an extravagant $330 million yacht. The Microsoft founder has been pictured on “The Serene,” a stunning 450-foot boat he’s renting from Stolichnaya vodka magnate Yuri Scheffler for a cool $5 million per week. Moored off the coast of Sardinia, it reportedly has 12 state rooms, a seawater swimming pool, a cinema, a nightclub, a climbing wall, a gym and two hot tubs.
  • Walgreens leaving Illinois for Switzerland?

    07/25/2014 7:31:56 PM PDT · by Coleus · 22 replies ^ | July 25, 2014 | SCOTT REEDER
    Walgreens leaving Illinois for Switzerland? SPRINGFIELD – I picked up my vacation photos at Walgreens the other day.  And I didn’t hear any French, German or Italian spoken.How surprising.I’ve read that the Deerfield, Ill.,-based drugstore chain is considering becoming a Swiss corporation. I’ll admit the thought of a company that is essentially an American icon becoming a foreign corporation gives me pause.  After all, Walgreens is one of Illinois’ premier companies. It was founded here in 1901 and is headquartered in Deerfield, Ill. And now they are talking about moving their headquarters to Switzerland.But what exactly does it mean when...
  • Would Monsanto move its headquarters out of the country?

    06/24/2014 4:42:07 AM PDT · by WhiskeyX · 12 replies
    St. Louis Post Dispatch ^ | 23 June 2014 7 hours ago | Tim Barker
    According to the wire service, Monsanto mulled a takeover of its $34 billion seed and herbicide rival, in part, to move its legal headquarters to Switzerland. It’s a move known as corporate inversion and it has the power to shield money held overseas from Uncle Sam’s tax collectors.
  • Future for new college graduates looks bleak

    05/27/2014 6:42:33 AM PDT · by SeekAndFind · 15 replies
    Washing ^ | 05/27/2014 | Ashley Pratte
    It’s that time of year again — graduation season. While commencement ceremonies should be a time of celebration for college graduates, it has rather become a moment of panic. Young America's Foundation latest polling shows that 51 percent of graduating college seniors feel “nervous” about their future after graduation. Many of the respondents blamed their anxiety about the future on the bad economy. Of the graduating seniors that were polled, 39 percent said they are not at all optimistic about finding a job in the first few months after graduation. The Obama administration and liberals in Washington are consistently letting...
  • A new way to gauge the worth of college debt, starting salary

    03/23/2014 4:35:07 PM PDT · by SeekAndFind · 43 replies
    Chicago Tribune ^ | 03/17/2014 | By Steve Rosen
    Here's a typical college scenario: Your daughter's dream job is to be an elementary school teacher and reading specialist. Yet she'll need to dive deep into debt to pursue her undergraduate degree, and borrow more if continuing to grad school. She's worried -- rightfully -- about her financial future, and she's looking for answers. How much debt might she be saddled with? How much will her college degree translate into salary once she lands a job? And what budget-squeezing sacrifices might be necessary to repay the swath of loans? Those types of questions are on the minds of countless college...
  • Democrat Logic: Lose Your Job and Feel Liberated

    02/08/2014 8:14:59 PM PST · by SeekAndFind · 21 replies
    American Thinker ^ | 02/08/2014 | Brian C Joondeph, MD
    This week, a report from the Congressional Budget Office acknowledged that ObamaCare would reduce full-time employment by 2.5 million over the next ten years. And that is on top of news that 92 million Americans who could be working are not. What a devastating assessment for the unemployed or underemployed, particular millenials seeking to transition from internships and part-time jobs to career-building full-time jobs. Yet the predictable spin from the White House and major media outlets is that this is good news, liberating workers from the chains of employment. To quote President Obama, from the 2008 campaign, "You can put...
  • Contractor (and Close Russian Ally) Belarus Built Malware RIGHT INTO Obamacare Code

    02/04/2014 3:28:29 AM PST · by Reaganite Republican · 26 replies
    Reaganite Republican ^ | 04 February 2014 | Reaganite Republican
    Remember when John McAfee warned us in November that anybody who signed up to the Obamacare site might have their bank account cleaned-out by hackers? The eccentric genius and former fugitive called the government website 'a hacker's wet dream', adding that there were 'NO safeguards' that would stop someone from starting a fake Obamacare website 'for a couple hundred dollars' that could 'empty your bank account' in hours.  McAfee added unambiguously that 'It's going to happen, and it's going to happen soon... nothing in the Obamacare system safeguards against this.'  And I thought he was just trying to sell...
  • Why stronger GDP growth isn't creating more jobs

    01/31/2014 7:14:17 AM PST · by SeekAndFind · 35 replies
    FORTUNE ^ | 01/30/2014 | By Stephen Gandel, senior editor
    The government said GDP rose 3.2% in the last three months of 2013 -- one of the fastest rates since the end of the recession, though slower than the third quarter's 4.1%. Still, that sounds good, until you remember this: Employers only added 74,000 jobs in December -- one of the worst months in nearly three years. Stronger economic growth is supposed to equal more jobs. So what gives? It does appear that the normal relationship between jobs and GDP has broken down. In the first half of 2013, for instance, GDP growth was at 1.9% and employers added an...
  • Leavin’ on a jet plane: Obama supporters vow exodus from US if Romney wins

    10/10/2012 11:29:39 PM PDT · by plsjr · 77 replies
    Twitchy - U.S. Politics ^ | 10 Oct 2012 | Twitchy Staff
    "Leavin’ on a jet plane: Obama supporters vow exodus from US if Romney wins" Oof. Another election, another litany of threats from American liberals vowing to leave the country if a Republican is elected president:
  • Obama’s Offshore Team

    07/18/2012 7:13:26 AM PDT · by SeekAndFind · 4 replies
    National Review ^ | 07/18/2012 | Betsy Woodruff
    In one of the president’s latest campaign commercials — an ominous spot that looks a bit like the trailer to a B-grade horror movie — Mitt Romney gets some flak for his offshore bank accounts. Apparently, keeping money in places like the Bahamas and the Cayman Islands is a sign that one might not be the most upstanding citizen. This raises a question: Why do some of the president’s wealthiest donors use the same strategies this commercial decries? At least five of the president’s “bundlers” — in lay terms, people who form groups with their acquaintances and pool funds in...
  • Offshoring Is Fine (There's nothing wrong with Bain's record and Mitt should defend it)

    07/17/2012 9:45:46 AM PDT · by SeekAndFind · 7 replies
    Slate ^ | 07/17/2012 | By Matthew Yglesias
    Mitt Romney’s presidential campaign spent the weekend mired in a tortured dispute over a seemingly absurd question: When is the CEO and sole shareholder of a company he founded not responsible for the actions of the company? The Romney camp’s answer is that it’s unfair to criticize him for offshoring, outsourcing, and layoffs at Bain-controlled companies between 1999 and 2002 because in practice he was on a leave of absence running the Salt Lake Olympics. Senior adviser Ed Gillespie, speaking on CNN’s State of the Union on Sunday, explained that when Romney was elected governor of Massachusetts in November 2002,...
  • Obama Does Not Know What ‘Outsourcing’ Means

    06/27/2012 6:25:56 AM PDT · by SeekAndFind · 18 replies
    National Review ^ | 06/27/2012 | Kevin D. Williamson
    Could somebody please get Barack Obama to shut up about “outsourcing” until some undergraduate aide has explained to him what the word means? As it stands, the president is showing himself an ignorant rube on the subject, and that is to nobody’s advantage. The Obama campaign, as you probably know, has been running ads denouncing Mitt Romney’s role at Bain Capital, in which Romney made various business deals that had the effect of making a whole lot of money for Bain’s customers while also allowing a lot of dirty foreigners to eat, and God knows the world would be better...
  • Bangalore firms innovate to avoid being 'Bangalored'

    04/05/2012 1:21:05 AM PDT · by Cronos · 5 replies
    Hindustan times ^ | 5 April 2012 | Reuters
    Rajesh Rao is among a handful of Indian entrepreneurs who may prevent the country's software industry from getting "Bangalored". The 41-year-old self-confessed geek runs Dhruva, a firm that sells content and services to global online game companies from a bungalow in a crowded suburb of a city that has come to embody outsourcing and the transfer of jobs from the West. But plain vanilla outsourcing - help desks and back office operations - is finding cheaper locations abroad. India's software industry has discovered it needs to move up the value chain or enter niche areas like gaming to continue growing....
  • Big U.S. Firms Shift Hiring Abroad

    04/22/2011 10:34:53 AM PDT · by Palter · 35 replies
    WSJ ^ | 19 April 2011 | DAVID WESSEL
    Work Forces Shrink at Home, Sharpening Debate on Economic Impact of Globalization U.S. multinational corporations, the big brand-name companies that employ a fifth of all American workers, have been hiring abroad while cutting back at home, sharpening the debate over globalization's effect on the U.S. economy. The companies cut their work forces in the U.S. by 2.9 million during the 2000s while increasing employment overseas by 2.4 million, new data from the U.S. Commerce Department show. That's a big switch from the 1990s, when they added jobs everywhere: 4.4 million in the U.S. and 2.7 million abroad. In all, U.S....
  • The Fair Tax: A Vital Part of the Solution!

    11/10/2010 3:44:17 PM PST · by Dick Bachert · 178 replies
    Self | 11-10-2010 | Dick Bachert
    No question about it -- we are in deep trouble. Unemployment, manufacturing being killed here and jobs moving overseas, unrestrained spending and the resultant deficits being given cover by more and more printing press “money” and the inflation – or worse – that almost always follows, etc., etc. And when the new – ostensibly conservative -- members of Congress take their seats in January, we will only see the beginning of the long and painful process of retracing our steps back to Constitutional and fiscal sanity. It points to the fact that much of our trouble stems from a failure...
  • 11 "American" Industries That Are Dominated By Immigrants And Offshoring

    10/15/2010 9:59:35 AM PDT · by WebFocus · 7 replies
    Business Insider ^ | 10/15/2010 | Gus Lubin
    American industry is at the end of a four-decade tail spin. We've reached the point where people talk about a recovery that doesn't bring back factory jobs, or at least gives up some industries for lost. In this light, it's surprising to read a rosy outlook from the NBER about the impact of immigrant labor and offshoring. Both practices have a cost-saving effect, the study finds, that "may leave unaffected, or even increase, total native employment of less skilled workers." Maybe these 11 industries are on the verge of a renaissance, but we think not.
  • IBM is India's second-largest private sector employer

    08/17/2010 5:40:58 PM PDT · by James C. Bennett · 6 replies
    The Times of India ^ | 18 August, 2010 | The Times of India
    BANGALORE: Tata Consultancy Services is the largest private sector employer in the country. It had 163,700 employees as on June 30. But guess who's number 2? The honour goes to -- surprise, surprise -- IBM. That's right. Not to any Tata or Ambani company, or to Infosys or Wipro. The fact that IBM has over 100,000 people on its rolls in this country is one of India Inc's best-kept secrets. No one in US-headquartered IBM will admit that it employs such a large number of people in India -- for fear of a backlash at home. There's been rising anger...
  • Cramer: Obama Forcing U.S. Investors Overseas

    02/01/2010 12:45:40 PM PST · by Comrade Brother Abu Bubba · 27 replies · 1,115+ views
    Moneynews ^ | Feb 1, 2010 | Dan Weil
    CRAMER: OBAMA FORCING US INVESTORS OVERSEASCNBC commentator Jim Cramer says President Obama is picking a fight with the stock market and that investors should turn overseas as a result. “We have a president who is kind of turning on the stock market in a populist way,” Cramer said on the air. “If you’re a populist, you think that the stock market is for rich people. I hear that kind of thing in his voice, and it makes me say, ‘Maybe I should now focus on foreign stocks.'” Cramer recommends that investors lift foreign stock holdings to 25 percent of their...
  • Career Watch: A Professor Challenges the Conventional Wisdom on Offshoring

    01/02/2010 6:03:32 AM PST · by Son House · 57 replies · 1,772+ views
    Computerworld ^ | December 21, 2009 | By Jamie Eckle
    While not all of those jobs will be lost overseas, those workers will face wage pressures. -- Hewlett-Packard has asked many of its EDS employees to take 50% pay cuts. Even the most pro-offshoring report, written by McKinsey Global Institute's Diana Farrell, which asserted that the U.S. will be better off with offshoring, concedes that American workers will experience major losses in wages and jobs. Offshoring is a major structural shift in the way the economy works. Alan Blinder has called it a shift equivalent to the industrial revolution. Ponder that! What needs to change so that companies reject outsourcing...
  • US firms shift call centre ops back home from India

    12/07/2009 2:47:15 AM PST · by Cronos · 12 replies · 965+ views
    Mint ^ | 7-Dec-2009 | Lisa Joseph
    Mumbai: Two weeks ago, AGL Resources Inc., an Atlanta, US-based natural gas distribution company, decided to shift its call centre operations from India to the US. The centre was operated by India’s third largest information technology (IT) services company, Wipro Ltd. Along with similar instances of Delta Airlines Inc., United Airlines Inc. and Chrysler Group Llc reported earlier in the year, this could raise a flag for Indian business process outsourcing (BPO) firms which earned nearly $15 billion (Rs69,450 crore today) from such back-office work in the year to March AGL said that were no consumer satisfaction issues. “Wipro employees...
  • Honey, I Found Our Hidden Swiss Bank Account

    10/17/2009 3:18:07 PM PDT · by fiscon1 · 15 replies · 1,004+ views
    Politics Daily ^ | 10/17/2009 | Joann Weiner
    As part of a voluntary program that ended on October 15, some 7,500 Americans with hidden offshore bank accounts ended the game of hide and seek with the IRS. They finally decided to tell the government where to find their assets. Some of these hidden accounts were pretty hard to lose track of --- one had more than $100 million in it.
  • Offshore Haven Considers a Heresy: Taxation (Are the Cayman Islands Broke ?)

    10/17/2009 10:03:40 AM PDT · by SeekAndFind · 6 replies · 561+ views
    New York Times ^ | 10/17/2009 | Landon Thomas Jr.
    GEORGE TOWN, Cayman Islands — What happens to a tax haven when it has to raise taxes? The Cayman Islands may soon find out. Caught in a vise of shrinking revenue and stubbornly high public spending, the Caymans averted a fiscal crisis this week by securing a $60 million overseas loan. But the Foreign and Commonwealth office in Britain, which oversees the Caymans and can veto foreign lending requests, has delivered an ultimatum: The rest of the $284 million the Cayman government says it needs will not be forthcoming until this offshore financial center imposes spending cuts and considers some...
  • On the measurability of offshorability (Why 25% of American jobs are can be done overseas)

    10/09/2009 7:46:40 AM PDT · by SeekAndFind · 22 replies · 810+ views
    VOX ^ | 10/8/2009 | Alan S. Blinder
    Fear of offshoring may force its way back onto policy agendas soon. This column uses a survey of individual workers to measure the offshorability of particular jobs and says that about 25% of US jobs are offshorable. Surprisingly, routine tasks are not more offshorable but those held by more educated workers are. Although overshadowed by the financial crisis and the world recession right now, the debate over offshoring – that is, outsourcing work to foreign (often poorer) countries – seems poised to stage a comeback as a public policy concern in the not-too-distant future. Indeed, with so much protectionist talk...
  • BREAKING SCANDAL: Obama Caught Sending Stimulus Money Offshore

    09/02/2009 1:21:41 PM PDT · by Winged Hussar · 75 replies · 7,603+ views
    IsraPundit ^ | 9/2/09 | Bill Levinson
    Barack Obama said the Waxman-Markey carbon tax would help create "green energy" jobs in the U.S. He is now using taxpayer dollars to fund jobs in Spain.Barack Obama sold the Waxman-Markey "American Clean Energy and Security Act" to Congress and the American people by saying that investment in so-called "green energy" would create millions of high-wage American manufacturing jobs. We received an E-mail from the Society of Manufacturing Engineers (nonpartisan professional organization) that exposed Barack Obama as a blatant prevaricator who is shamelessly using our tax dollars to create jobs not in the United States but in foreign countries. We...
  • FAQ: Data Shows Overseas Shift for U.S. IT Jobs

    08/03/2009 3:06:46 PM PDT · by anymouse · 10 replies · 909+ views
    Computer World ^ | July 30, 2009 | Patrick Thibodeau
    U.S. IT providers continue to push jobs offshore, while Indian firms work to refine the amount of work they complete overseas. Although Congress may force the Indian firms to hire more Americans -- and Indian companies have been telling investors that they may have to indeed do that -- the change won't likely affect the overall trend and the shift in jobs outside the U.S. Okay, so where are U.S. jobs going? What's the data show? Data prepared by Everest Group Inc., a research and outsourcing consulting firm, shows in broad brush fashion the shift of jobs overseas by some...
  • Microsoft CEO to Obama: Drop Tax Break Cuts or We'll Send Jobs Overseas

    06/06/2009 8:18:43 PM PDT · by Flavius · 34 replies · 1,954+ views
    dailytech ^ | 6/5/09 | dailytech
    It takes an incredibly powerful company to threaten the U.S. government in hopes of impacting a significant decision, but that's precisely what Microsoft is doing. Microsoft CEO Steve Ballmer made headlines when he publicly attacked President Barack Obama's plan to cut tax breaks on U.S. companies' foreign profits, a plan which is currently awaiting Congressional approval.
  • Ballmer Says Tax Would Move Microsoft Jobs Offshore

    06/04/2009 12:36:39 PM PDT · by safetysign · 32 replies · 1,555+ views
    Financial Post ^ | 06/4/2009 | Ryan J. Donmoyer
    Microsoft Corp. chief executive Steven Ballmer said the world's largest software company would move some employees offshore if Congress enacts President Barack Obama's plans to impose higher taxes on U.S. companies' foreign profits. "It makes U.S. jobs more expensive," Mr. Ballmer said in an interview. "We're better off taking lots of people and moving them out of the U.S. as opposed to keeping them inside the U.S."
  • Expert: Volcanoes in Today's India Wiped Out Dinos

    05/07/2009 12:50:26 AM PDT · by nickcarraway · 7 replies · 2,026+ views
    Volcanoes that erupted in India about 65 million years ago were instrumental in the extinction of dinosaurs, according to new research. For the last thirty years scientists have believed a giant meteorite that struck Mexico’s Yucatan Peninsula was responsible for the mass extinction of dinosaurs, the Daily Telegraph reported on Wednesday. But now Gerta Keller, a geologist at Princeton University, New Jersey, says fossilised traces of plants and animals dug out of low lying hills at El Penon in northeast Mexico show this event happened 300,000 years after the dinosaurs disappeared. Keller suggests that the massive volcanic eruptions at the...
  • IBM patent application diagrams method for offshoring employees

    03/30/2009 2:33:33 PM PDT · by NCjim · 8 replies · 733+ views
    The Industry Standard ^ | March 30, 2009
    The world's largest IT services company is attempting to boost its creative cost-cutting techniques with a patent application -- number 20090083107 at the U.S. Patent & Trademark Office -- for a "method and system for strategic global resource sourcing." (Yes, "resource sourcing.") In short, IBM wants to patent its math for deciding where to offshore staff. A patented methodology for deciding where to send jobs overseas to cut costs would be a valuable tool that IBM could sell to its corporate clients. But IBM has plenty of opportunity to eat its own dog food: The company continues to slash its...
  • U.S. Corporations moving to Switzerland

    03/12/2009 7:08:14 AM PDT · by Former MSM Viewer · 12 replies · 1,633+ views
    Reuters ^ | 3-12-09 | Sam Cage
    ZUG, Switzerland, March 12 (Reuters) - The tidy towns and mountain vistas of Switzerland are an unlikely setting for an oil boom. Yet a wave of energy companies has in the last few months announced plans to move to Switzerland -- mainly for its appeal as a low-tax corporate domicile that looks relatively likely to stay out of reach of Barack Obama's tax-seeking administration.
  • Anger Grows in India over U.S. Visa Rules

    02/26/2009 2:30:52 PM PST · by BGHater · 55 replies · 1,125+ views
    Business Week ^ | 24 Feb 2009 | Mehul Srivastava
    It's protectionism, say Indian critics, that Congress has banned companies receiving bailout money from hiring foreigners on H-1B visas With the economies in the U.S. and India both struggling and with unemployment rising,the outsourcing of American jobs to Indian workers has become an even more explosive issue. That's leading business leaders,politicians,and ordinary citizens in both countries to focus on a controversial visa program,the H-1B, that allows a limited number of foreigners to work at U.S. companies for up to six years. Critics have long claimed the program allows high-paying software-writing and engineering jobs at companies and state governments to go...
  • Top American bankers could head overseas (Fleeing President Obama's salary cap)

    02/06/2009 9:22:48 PM PST · by 2ndDivisionVet · 195 replies · 2,876+ views
    Jordan News ^ | February 6, 2009
    Executives in U.S. banks are believed to be fielding approaches from European banks following the announcement of the Obama administration's salary cap for the sector. Bonuses and salaries of executives at American banks that have needed, or will need, government financial aid, are now restricted at $500,000 per executive per year. Josef Ackermann, chief executive of Deutsche Bank, told The Financial Times that the Obama cap could help it recruit their most talented people. 'If you are only going to be able to pay a $500,000 bonus, I think talent will be happy to work for us. At the end...
  • What Is The Sound Of Corporate Shoulders Shrugging ? (Companies Leaving America)

    12/14/2008 5:17:56 PM PST · by SeekAndFind · 64 replies · 2,068+ views ^ | Dec 13,2008 | Pejman Yousefzadeh
    Think that class warfare and mindless anti-business hatred don’t have real-life consequences? Think again: ------------------------------------------------------------------------------ Much political hay has been made in Congress about “unpatriotic” corporations that move operations abroad. Weatherford International is the latest, taking its headquarters from Houston to Switzerland. The oil services company said that it wants to be closer to its markets. But what it really meant was that it no longer saw the future in the U.S. In a political atmosphere of blaming corporations, it’s no wonder. Halliburton fled to Dubai in 2007. Tyco International, Foster Wheeler and Transocean International all went to Switzerland. As...
  • Chinese counterfeit chips causing military hardware crashes [Clinton-era laws: off-the-shelf OK]

    10/07/2008 4:18:36 AM PDT · by Mike Fieschko · 6 replies · 867+ views ^ | October 06, 2008 | Joel Hruska
    Over the past year, US citizens have become increasingly aware of the substandard consumer-level goods flowing out of China, but new reports indicate that the counterfeit products and dubious quality controls are not confined to the consumer sector. An increasingly large number of supposedly military-grade electronic components are turning out to be counterfeit commercial-grade hardware that, in some cases, is decades older than the manufacturing label indicates. The problem, to be sure, is not entirely China's fault. Back in 1994 and 1996, the Clinton Administration passed two bills, the Federal Acquisition Streamlining Act (1994), and the Clinger-Cohen Act of 1996...
  • Save America,stop offshore-outsourcing,love america

    10/05/2008 10:56:21 PM PDT · by kishaloy · 12 replies · 496+ views
    Hi, With the grave reality of the fall of the US housing economy as well as the loss of jobs here in US,I am deeply concerned and worried about the future of our nation as a whole and thought of writing to you as you all can ring the bells into the ears of a vast-section of the population. The grave effects of offshoring and then the indiscriminate loans being provided for hiked-up properties for non-qualified people have put the country at it's very end days.We don't have jobs anymore more our people,our jobs have been transferred to India,China and...
  • Where Have All My Commodities Gone? (China, That's Where)

    06/25/2008 5:39:54 PM PDT · by shrinkermd · 11 replies · 80+ views
    Casey Research ^ | 25 June 2008 | Doug Casey
    Record oil prices have failed to temper the enthusiasm of Chinese auto buyers. In 2006, 6.2 million cars were sold in China, enough for the Middle Kingdom to surpass Japan for #2 in total vehicle sales (the United States still sells twice as many). In the first five months of 2008, Chinese auto sales show no signs of decelerating, up 17.4% from the same period last year. The rise in Chinese auto sales has been so dramatic that projections by China’s government for auto sales in 2020 were already exceeded by 2005. Millions of tons of copper, nickel, aluminum have...
  • 15 Indian teachers will return to St. Lucie classrooms in fall [Outsourcing?]

    06/09/2008 6:57:30 AM PDT · by CarrotAndStick · 18 replies · 1,686+ views ^ | June 6, 2008 | Rebecca Panoff
    ST. LUCIE COUNTY — Members of a program that brought teachers from India into St. Lucie County School classrooms will be back in the classroom in the fall, according to school district officials. Fifteen teachers who were initially part of a Florida Atlantic University pilot program aimed to bring foreign teachers into the classroom will be back teaching in critical shortage areas like science and math in the fall as regular St. Lucie County School District employees, said Susan Ranew, the school district’s assistant superintendent of human resources. The pilot program that brought the teachers to St. Lucie County ended...
  • Dell’s New Support Plan: Pay to Speak to an American

    06/03/2008 2:21:30 PM PDT · by HAL9000 · 28 replies · 384+ views
    The Wall Street Journal (excerpt) ^ | June 3, 2008 | Ben Worthen
    <p>Would you pay extra to have an American answer your customer-service call? Dell is hoping you will.</p> <p>The computer maker recently put out a press release announcing “new premium support service.” The plan: For a fee, people get the right to talk to “the same dedicated team each time they have an issue” with a Dell product. The kicker: The service will be provided by “an advanced support team in North America.”</p>
  • Bridgeport recruiting teachers from India

    05/31/2008 2:03:36 PM PDT · by CarrotAndStick · 16 replies · 864+ views
    NewsDay ^ | May 31, 2008 | LINDA CONNER LAMEBECK
    BRIDGEPORT, Conn. - Satya Mohan never saw students dance in the hallways before, let alone bang on lockers and doors as they often do outside his third-floor classroom at Bassick High School. Eight-and-a-half months into the school year, this teacher from India has grown used to it. "Excuse me, off to your room," he tells a student who doesn't belong in his fifth-period science class, before motioning him out and shutting the door. The dozen students who do belong in the class then set about the task of finishing an assignment on polymers and recycling. Darren Thompson, 15, a freshman...