Search found 65 matches

by markos
16 Aug 2010 11:33
Forum: Technology & Economic Forum
Topic: Indian IT Industry
Replies: 3944
Views: 338641

Re: Indian IT Industry

It is interesting to note that even someone like Chuck Schumer who used to be a supporter of H1-B program has finally caught up on how H1-B is abused by Indian offshorers through discriminatory hiring. I bet as long as unemployment remains above 6%, congress will be forced to come up with similar me...
by markos
23 Mar 2010 10:38
Forum: Trash Can Archive
Topic: Perspectives on the global economic meltdown (Jan 26 2010)
Replies: 3870
Views: 334406

Re: Perspectives on the global economic meltdown (Jan 26 2010)

Following is the comparison of post war president's in terms of handling economy. Ray-clown finishes fourth - after Clinton, LBJ and JFK (Poppy Bush finished last, but I am sure his son would have "improved" that record with his 2-term disaster). It is not from socialist sources or wikiped...
by markos
22 Mar 2010 11:56
Forum: Trash Can Archive
Topic: Perspectives on the global economic meltdown (Jan 26 2010)
Replies: 3870
Views: 334406

Re: Perspectives on the global economic meltdown (Jan 26 2010)

Probably George Bush Jr. got dazzeled by the theory you are pushing and started on the idea of tax cuts as a way to cause economic booms. Probably seeing the (fake real estate) boom, he thought he had sparked something. He sparked something allright LOL I didn't say tax-cuts cause economic boom. Ac...
by markos
22 Mar 2010 11:43
Forum: Trash Can Archive
Topic: Perspectives on the global economic meltdown (Jan 26 2010)
Replies: 3870
Views: 334406

Re: Perspectives on the global economic meltdown (Jan 26 2010)

1. Ray-gun's tax cuts for the rich worked. the 80's economy and the 90's proved that. deregulation failed, but that has nothing to do with tax cuts. they are not mutually inclusive. Ray-gun INCREASED soc. security taxes (paid by people making less than $100,000 in today's USD) and then raided the s...
by markos
22 Mar 2010 11:06
Forum: Trash Can Archive
Topic: Perspectives on the global economic meltdown (Jan 26 2010)
Replies: 3870
Views: 334406

Re: Perspectives on the global economic meltdown (Jan 26 2010)

visit NJ high schools and study them carefully: the amount of excesses and extravagances is astounding. have to agree. the extent of spending on sports infra is amazing. some schools have stadiums that put indian proper stadiums to shame. there are also science labs allegedly better than some univs...
by markos
22 Mar 2010 10:57
Forum: Trash Can Archive
Topic: Perspectives on the global economic meltdown (Jan 26 2010)
Replies: 3870
Views: 334406

Re: Perspectives on the global economic meltdown (Jan 26 2010)

Since we are talking about california. In my opinion republican control california governship since 1967 starting with ronald reagan to Arnold.Except two terms of jerry brown & 6 years of gray davis.They been in charge for 29 years.They are responsible for california mess more than what they ca...
by markos
19 Mar 2010 13:33
Forum: Trash Can Archive
Topic: Perspectives on the global economic meltdown (Jan 26 2010)
Replies: 3870
Views: 334406

Re: Perspectives on the global economic meltdown (Jan 26 2010)

N.J. Gov. Chris Christie campaigns to garner support for proposed budget cuts http://www.nj.com/news/index.ssf/2010/03/nj_gov_chris_christie_campaign.html _________________________________ imvho, Christie represents the first systematic attack against bloated state budgets and criminal looting of t...
by markos
14 Feb 2010 21:03
Forum: Trash Can Archive
Topic: Perspectives on the global economic meltdown (Jan 26 2010)
Replies: 3870
Views: 334406

Re: Perspectives on the global economic meltdown (Jan 26 2010)

a retired teacher who contributed $62,000 in total toward her pension who would be expected to receive $1.4 million in pension payments and $215,000 in medical benefits over the rest of her life. Public sector ripoffs have reached such an extent that not only are these parasites demanding higher an...
by markos
13 Jan 2010 13:07
Forum: Strategic & Security Issues Archive
Topic: Perspectives on the global economic meltdown
Replies: 3894
Views: 370591

Re: Perspectives on the global economic meltdown

yea there's no point comparing totally dissimilar points in history. When something doesn't fit your view (even if it is based on empirical evidence), it is easy to discard that. During his 2000 presidential campaign, Ralph Nader said that one of the first steps he would do if elected president wou...
by markos
13 Jan 2010 12:51
Forum: Strategic & Security Issues Archive
Topic: Perspectives on the global economic meltdown
Replies: 3894
Views: 370591

Re: Perspectives on the global economic meltdown

Case against "Helicopter Ben" Bernanke http://www.foreignpolicy.com/articles/2010/01/11/bernanke_no Most fundamentally, now is the time for the Federal Reserve to stop rolling over before Wall Street. Judging from his actions over the past year, I have seen no evidence that Bernanke even u...
by markos
13 Jan 2010 11:58
Forum: Strategic & Security Issues Archive
Topic: Perspectives on the global economic meltdown
Replies: 3894
Views: 370591

Re: Perspectives on the global economic meltdown

a low tax culture in US has vastly helped risktaking by enterpreneurs. it has helped the growth of small businesses (70% of all employment in US is small businesses). If this is a valid theory, US economic growth should have been anemic during 50s and 60s because of high taxes and innovation should...
by markos
28 Nov 2009 14:27
Forum: Technology & Economic Forum
Topic: Indian IT Industry
Replies: 3944
Views: 338641

Re: Indian IT Industry

http://business.rediff.com/report/2009/nov/27/tech-ex-employee-drags-infy-to-us-court.htm This culturally insensitive picture of Infosys is quite a contrast compared to its ambition to not only spread its wings in the United States but elsewhere in the world, too. Awasthi, who worked at Infosys fro...
by markos
28 Oct 2009 11:03
Forum: Trash Can Archive
Topic: India-US News and Discussion
Replies: 2539
Views: 256995

Re: India-US News and Discussion

Beck has an audience of 30 million per month. i hardly think that's a bunch of fringe elements. That would be 10% of US population or 15-20% of all US adult population. Actually his audience size at its peak was around 3 million, if I recall right i.e. 2-3% of the total adult population, which can ...
by markos
20 Oct 2009 02:45
Forum: Strategic & Security Issues Archive
Topic: Perspectives on the global economic meltdown
Replies: 3894
Views: 370591

Re: Perspectives on the global economic meltdown

it will be $75 as consultation fee, but $200 if you use insurance Ravi, Doctor may bill the insurance at $200, but what he didn't tell you was probably he will get reimbursed only $75 from insurance (providers keep their rates artificially high to compensate for the negotiated insurance discounts w...
by markos
20 Oct 2009 02:20
Forum: Strategic & Security Issues Archive
Topic: Perspectives on the global economic meltdown
Replies: 3894
Views: 370591

Re: Perspectives on the global economic meltdown

igh salaries for specialists and low salaries for general practioner/primary care docs have resulted in an oversupply of specialists and an undersupply of primary care docs. I recently went to a doctor who was listed as a specialist as well as an internist. I went for a routine checkup and then I h...
by markos
20 Oct 2009 02:09
Forum: Strategic & Security Issues Archive
Topic: Perspectives on the global economic meltdown
Replies: 3894
Views: 370591

Re: Perspectives on the global economic meltdown

as for doctors' salaries, IMVHO, somebody needs to calculate the total money spent on doctors' salaries every year. i have a feeling this figure will be a miniscule portion of the total healthcare costs every year. but even so, the scenario you described is extreme and is just plain looting. how mu...
by markos
19 Oct 2009 22:03
Forum: Strategic & Security Issues Archive
Topic: Perspectives on the global economic meltdown
Replies: 3894
Views: 370591

Re: Perspectives on the global economic meltdown

In the healthcare sector, the chokehold of the AMA (amrikhan med assoc) on trained med worker supply allows the profession to extract monopoly rents and raises the floor on all manner of subsequent costs in the system. Fighting the AMA isn't even talked about much less planned for. AMA's behavior i...
by markos
21 Sep 2009 09:47
Forum: Trash Can Archive
Topic: India-US News and Discussion
Replies: 2539
Views: 256995

Re: India-US News and Discussion

I donot know why Obama is obsessed with this health care plan? He should give it up. It may be a plan of his own to bring his popularity down. He should not confront the American public with these kind of reforms. One cannot get out of the popular demands of the public and go against it when the ex...
by markos
01 Jun 2009 09:04
Forum: Technology & Economic Forum
Topic: Indian IT Industry
Replies: 3944
Views: 338641

Re: Indian IT Industry

Premji has been propagating half-truths and lies about the talent for some-time. He claims that the annual "talent" requirement is around 120,000 engineers out of which US can produce only 70,000. Premji's claims http://business.rediff.com/report/2009/may/29/wipro-azim-premji-on-the-h-1b-v...
by markos
31 May 2009 05:16
Forum: Technology & Economic Forum
Topic: Indian IT Industry
Replies: 3944
Views: 338641

Re: Indian IT Industry

Mr. Negi, EDITED. I quoted the findings of US Govt. that there are more unemployed american IT workers than H1-B holders. So Premji's arguments about "talent" is starting to sound hollow now, doesn't it? I repeat my question, what % of Wipro/TCS/Infosys's US workforce is comprised of US ci...
by markos
31 May 2009 00:15
Forum: Technology & Economic Forum
Topic: Indian IT Industry
Replies: 3944
Views: 338641

Re: Indian IT Industry

Meanwhile.. Premji does not mince words while expressing his views on H1B and Outsourceing as such H-1B restrictions would choke US of talent: Premji I don't think Premji propaganda has many takers these days. There are plenty of unemployed americans available in the market. http://www.computerworl...
by markos
25 May 2009 22:18
Forum: Technology & Economic Forum
Topic: Indian IT Industry
Replies: 3944
Views: 338641

Re: Indian IT Industry

Watched NASSCOM chief's interview on BBC yesterday. He was very sceptical about Indian IT future if something is not done fast about the skilled labour shortage. He quoted the efficiency of the Chinese system and said that the biggest threat to Indian IT will be the Chinese. He said that by 2012, C...
by markos
30 Mar 2009 10:10
Forum: Strategic & Security Issues Archive
Topic: Perspectives on the global economic meltdown
Replies: 3894
Views: 370591

Re: Perspectives on the global economic meltdown

BTW, Krugman is not the only critic of Geithner/Summers mode of operation. http://www.theatlantic.com/doc/200905/imf-advice The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the ...
by markos
30 Mar 2009 09:53
Forum: Strategic & Security Issues Archive
Topic: Perspectives on the global economic meltdown
Replies: 3894
Views: 370591

Re: Perspectives on the global economic meltdown

GM's CEO Wagoner Steps Down at Obama's Request I think Obama is taking quite a bit of heat from the left, with people like Krugman coming out against Geithner's "cash for trash" program. So he had to act and ended up with GM CEO. So far, no bank CEO has been fired. I expect Citi or BofA C...
by markos
07 Mar 2009 13:46
Forum: Strategic & Security Issues Archive
Topic: Perspectives on the global economic meltdown
Replies: 3894
Views: 370591

Re: Perspectives on the global economic meltdown

maria bartiromo with dark shadows under eyes (wild partying?). I think she once flew with Citibank CFO from Hongkong to New york. To make room for her, Citi CFO kicked out other bankers from the corporate jet (this was before corporate jets became an issue as it is today). I believe the CFO got fir...
by markos
07 Mar 2009 13:06
Forum: Strategic & Security Issues Archive
Topic: Perspectives on the global economic meltdown
Replies: 3894
Views: 370591

Re: Perspectives on the global economic meltdown

My 20 minutes of Zen :rotfl: The stock market doesn't like Obama's performance, and Joe Nocera talks about AIG's scam. The part where he calls Maria Bartiromo as someone who makes nice to CEOs aka a word that rhymes with "bore"....touche!!! Thank God for Jon Stewart!! Probably Sick Santel...
by markos
05 Mar 2009 12:40
Forum: Technology & Economic Forum
Topic: Global Economy
Replies: 2337
Views: 444543

Re: GLOBAL ECONOMY

GE is getting hammered...because of its finance arm...can you believe it? a solid engineering company being dragged by its finance arm? Honeywell seems to be well positioned....mad man crammer was interviewing his neighbor and ceo of honeywell. overall bullish because of their products positioned i...
by markos
05 Mar 2009 12:28
Forum: Technology & Economic Forum
Topic: Indian IT Industry
Replies: 3944
Views: 338641

Re: Indian IT Industry

http://stormdetector.com/essays/IndiaOffshoringFailures.pdf MORE COMPANIES MAY BE USING INDIAN OUTSOURCERS, but they aren’t as happy as they used to be with their relationships and are actually looking to decrease their spending on India-based IT services in 2009, according to the results of an Info...
by markos
23 Feb 2009 09:34
Forum: Technology & Economic Forum
Topic: Indian Real Estate Sector
Replies: 1098
Views: 124971

Re: Indian Real Estate Sector

SBI claims for new customers they will lock in 8% rate for one year. typical teaser rate which might be 12% next year!! I think it is similar steps that created sub-prime debacle in US (teaser low-rate ARMs when the property prices were going up to risky borrowers)? How wise will it be to offer thi...
by markos
23 Feb 2009 09:30
Forum: Technology & Economic Forum
Topic: Global Economy
Replies: 2337
Views: 444543

Re: GLOBAL ECONOMY

markos, it's not the market that's at fault, it's the Fed that's at fault. Blaming the free market for what's happened, is like blaming your biology because you got cancer after taking steroids. If the Fed did not exist, then at least the US economy could be in a continuous correction mode, instead...
by markos
23 Feb 2009 08:26
Forum: Technology & Economic Forum
Topic: Global Economy
Replies: 2337
Views: 444543

Re: GLOBAL ECONOMY

Actually there is a hilarious minute by minute paraody of Pandit's speech in the same thread - worth reading along with the actual comments from Vikram Pandit 1245: its an honor to have ripped off citi first, then all its shareholders and then taxpayers. 3 touchdowns in succession 1248: real story -...
by markos
23 Feb 2009 08:16
Forum: Technology & Economic Forum
Topic: Global Economy
Replies: 2337
Views: 444543

Re: GLOBAL ECONOMY

Looks like Citi wants Govt to take additional stake in the company, as much as 40% of common equity. Probably this is what Pandit had in mind as the end-game when he said TCE no longer matters(current govt stake in the form of non-voting preferred shares that needs a hefty payment of $3 billion+ per...
by markos
23 Feb 2009 07:56
Forum: Technology & Economic Forum
Topic: Global Economy
Replies: 2337
Views: 444543

Re: GLOBAL ECONOMY

Cramer: Nationalization Would Crush America. He talks about social unrest,chaos,complete collapse. http://www.thestreet.com/video/10465193/cramer-nationalization-would-crush-america.html Would you rather listen to a TV performer like Cramer or economists like Krugman, Stiglitz or even Greenspan? If...
by markos
23 Feb 2009 07:41
Forum: Technology & Economic Forum
Topic: Indian IT Industry
Replies: 3944
Views: 338641

Re: Indian IT Industry

I think Indian outsourcers are feeling the heat http://online.wsj.com/article/SB123534870346144661.html A wave of anti-offshoring sentiment in the U.S. Congress is prompting India's biggest tech companies to prepare for something unexpected: hiring Americans. Outsourcing giants Infosys Technologies ...
by markos
29 Jan 2009 12:58
Forum: Technology & Economic Forum
Topic: Global Economy
Replies: 2337
Views: 444543

Re: GLOBAL ECONOMY

Blaming the mortgage broker for mortgage meltdown is akin to blaming the corner-shop selling cigarettes as the root cause of lung cancer. Broker is just one of the channels for distribution of mortgage product. Mortgages originated by brokers were CLOSED by big banks like Citi, Countrywide, WaMu etc...
by markos
29 Jan 2009 12:39
Forum: Strategic & Security Issues Archive
Topic: Perspectives on the global economic meltdown
Replies: 3894
Views: 370591

Re: Perspectives on the global economic meltdown

How about the fact that the expat got laid off because they are HIGH COST and NOT EXPAT !. I showed you how Indian Companies are doing the EXACT same thing by bringing back High Cost Expats and replacing them with cheaper Americans !. But now, this {deleted} can connect only the words EXPAT and H1/...
by markos
29 Jan 2009 11:48
Forum: Strategic & Security Issues Archive
Topic: Perspectives on the global economic meltdown
Replies: 3894
Views: 370591

Re: Perspectives on the global economic meltdown

Beta ChandaraS, Then don't cry if US govt decides to suspend/restrict H1/L1 programs an start exerting more control over institutions that took tax-payer money. Don't cry buckets in this forum about US senators asking questions. PS: Moderators, I wanted to bring to your attention this abusive post f...
by markos
29 Jan 2009 11:18
Forum: Strategic & Security Issues Archive
Topic: Perspectives on the global economic meltdown
Replies: 3894
Views: 370591

Re: Perspectives on the global economic meltdown

Let us see "Vina" - {deleted} - claims that Indian companies don't do any time and material work, only project work. no staff augmentation. When proof is presented to the contrary, he asks "why SHOULDN"T indian companies do FTE billing?" :rotfl: :rotfl: That is what I stated...
by markos
29 Jan 2009 08:58
Forum: Strategic & Security Issues Archive
Topic: Perspectives on the global economic meltdown
Replies: 3894
Views: 370591

Re: Perspectives on the global economic meltdown

Microsoft removed a majority of high paid employees as opposed to H1Bs becasue they are cheaper. Senators/aum junta talk does not matter and the companies will do what is profitable for them. H1Bs are supposed to be paid the same or higher salary as the local workforce. Now if you are saying that i...

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