Articles in category 'Business'

  
Mood : cynical  Music : Sarah McLachlan - The Path of Thorns

India and China have been on the news for their exponential growth in the past few years. With India’s economy growing at an unprecedented 8%, are we seeing any improvement on the country on a macro-scale? Perhaps, it’s too soon to see changes. Technology and out-sourcing is the primary cause for the boom in our economy. With such a narrow cause, we are providing opportunities for a slice of India’s work force. I suppose this is good because we do produce over a million technology/engineering related graduates a year. The cream of the crop is absorbed by elite companies to enrich their employee base with talented, skilled workers to increase their profit margin. In the recent years, we have also seen an influx of employment from the medical, law and business sector, to alleviate bloated costs of foreign companies, as we provide a cheaper, yet brilliant task force for routine jobs.

However, it seems like the improvements in standards of living are purely urban, and in the upper bourgeoisie. The rural parts are still impoverished, and people die unnecessarily from lack of basic amenities and food. Agriculture is still the largest source of our income, and that has not seen the necessary change to help the farmers from difficulties. I believe that the money needs to be allocated differently, and we need to make changes in our domestic policy to alleviate the conditions of the common man. For one, we spend an obscene amount of money on Defense. Also, we need to fix our foreign policy issues related to Pakistan. A lot of our problems stem from that dispute.

The plight of the common populace of the country has not changed, and till that happens, our progress is inconsequential. We do NOT want to further alienate the poor, and create a rift between the upper and lower economic classes. Right now, the rich are getting richer, and poor are staying poor. The only improvement has been in the standard of living of youth in technology, business, medical and law job sectors. That is not right. We need an overall positive change, not segmented.

The inspiration for this post is from Pankaj Mishra’s op-ed “The Myth of New India” in NY Times.

If the op-ed is unavailable on NYT, follow the link below for the full article.

Read the complete article »

By indoloony, July 14, 2006, 4:30 am o'clock
  
By indoloony, July 8, 2006, 9:19 pm o'clock
  
Mood : hopeful  Music : Far - The System

The United States is still the dominant force in technology, innovation, productivity and profits. But Americans don’t quite realize how fast the rest of the world is catching up.

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By indoloony, June 5, 2006, 11:20 am o'clock
  
  Music : KT Tunstall - Miniature Disasters

The headlines are about low-wage illegals, but Mexico is swiftly upgrading its workforce. Another reason that US needs to worry about the outsourcing issue..

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By indoloony, May 20, 2006, 3:41 pm o'clock
  

There were a few bits about double standards and hypocracy which included Google and US foreign nuclear policy. Most of you must have heard about DoJ’s subpoena to Google for a one-month search records, and Google’s challenge to that. It’s obviously an user privacy issue on grass roots level. I know that the government doesn’t want specifics but rather trends from search history to battle paedophilia. But Big Brother society coming out in the open has to start somewhere. For those people who tell me that NSA and other agencies have already been doing that, they have been doing so with stealth. This is one of the first times I remember this kind of issue being public. On the flip side, we have Google’s censoring its Chinese portal to comply with the Chinese communist regime. It’s business. There are a ton of other businesses out there complying with the local laws. And from what I read, some of it is actually protecting the Chinese public from getting themselves into trouble. Did you hear about a Chinese blogger being arrested and detained after Yahoo! gave the Chinese authorities his information? Which would you rather have? Safety with censors or freedom with the chance of being arrested? I suppose you would like the choice, eh? And recently, with the introduction of Google Desktop 3’s new feature of searching across networks by sending the index to Google has sent the consumer privacy groups up in arms. This time I agree. I would not like to send personal private information anywhere online especially if I didn’t know for sure who had access to that information.

And then we have dealings with US politics and it’s overlap with science. First, reading about the government trying to silence a NASA scientist from not talking about the dire threat of global warming is worrisome. Why? It’s scary because what else are they hiding or stifling? You can not hide the truth just because it’s harmful or detrimental to your politics. Stupid short-sighted morons. Wait, where have I used that phrase before ;) ? Oh, I remember, when I was talking about budgets cuts in NSF funding for scientific research. And oh, the gag order got public and the US administration got embarrassed as they faced public scrunity into the matter. And then we have something that is close to my heart. US and nuclear double standing. I’ll stay on course for now. It’s about the Bush administration attempt to overturn a 30 year domestic ban on reprocessing nuclear fuel. Get this. It also wants to reprocess fuel from other countries saying that it safer to be done in the US/EU than anywhere else. Now, can you see arguments against this path? I can. Again, do you think the rest of the world are morons? Here is some more information on the issue.

Last but not the least, cell phone radiation damage to the brain. I’ve always known this as bunk or bull-shit. I guess we’ll see if there is any conclusive evidence to support this because so far there has been none. I still think it is an urban myth. Like living by power lines causing cancer. Here is the website for Electromagnetic Hypersensitivity Syndrome (EMF) on WHO’s page.

I guess this is good for now. Food for thought, or discussion.

[Listening to: Dont Want To Stop - Good Charlotte - Alyson (2:40)]
By indoloony, February 12, 2006, 11:55 pm o'clock
  

I know that Discovery probably featured the possibility of this engineering marvel a few years ago. However, it was brought to my attention only a few days back. I was fascinated by the implications of this railroad tunnel. A travel time of 52 minutes from New York City to London is stupendous. It’s five times faster than the Late super-sonic Concorde. A thousand passengers traveling in utmost comfort, at a mind blowing speed of 5000 mph. The kick that this project would create will be great for engineering and science in general because new technologies have to be invented and old ones streamlined for such a dangerous endeavor. It would be great for our world because it would need global alliances for a project of this scale. Investment-wise think International Space Station, but on earth. Actually, underwater. Across the most tumultuous water body on the planet.

Okay. Now to the reasons why I think a transatlantic railroad system is unnecessary.

For one, it calls for an investment in the range of tens of TRILLIONS of dollars. Amm. Now, do you see any country being able to invest even a trillion dollars to the project with the current economic levels. Do you think US can invest so much, with Iraq and tax cuts draining the countrys resources and Treasury? I certainly dont see the UK putting that much of money in. Or any other country. When people suggest Japan, yeah, it hasgot a lot of money. But how many know that Japans economy has been in a slump for the past decade. The amount of money speculated is just too much. The International Space Station has been hampered by similar money flow issues. So, it is way behind on the construction schedule. Sad, thats an investment which is good for the future.

Second, hypersonic flight has been a success. Granted it was military, but it is being streamlined for commercial flights. We dont need a railroad. We can make the same time by air. Well, not now, but in the very near future.Investing in something that is bound to become obsolete is like companies that were investing in DSL while clearly the future lies with optical lines. Google was extremely smart in this case, when it bought all those old fiber optic lines from communication companies at rock-bottom prices. But Google and its investments is another discussion all together.

Probably the most important negating factor in the present world is Terrorism. Unless we rid the world of malevolent entities, every major engineering investment has a potential hazard. Okay, maybe on US soil, engineering feats like mile-high skyscrapers are safe but in international waters, it isnt. You must know how easy it would be blow up the tunnel in open water, especially if it is 3200 mile long target. Talk about backlash it would receive. The Concorde was junked after only a few accidents. Well, yeah, it was money draining endeavor but still a step in the future. Do you think people would want to travel with such potential hazards? Before people mention that flights are equally at danger. I dont think so. Planes are not a static target. A tunnel is. So the danger of mishaps grows exponentially.

Yeah, I am going to into science where I need people to think about the future and progress. But I am a pragmatist.

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[Listening to: Holiday - The Get Up Kids - Something To Write Home About (3:29)]
By indoloony, January 12, 2006, 2:04 pm o'clock
  

Outsourcing outrage Indian call-center workers suffer abuse

Now begins me getting mad:

Debalina Das, 22, a computer help-line agent in the city of Hyderabad in south India, punched the button last winter for a call from the United States.

The caller greeted her with a torrent of racial and sexual slurs, accused her of “roaming about naked without food and clothes” and asked, “What do you know about computers?”

The diatribe ended with the comment:”This company is just saving money by outsourcing to Third World countries like yours.”

Is this how his parents taught him to talk to people? Where is the courtesy, where is the culture? This shows me how racists pigs like this need a reality check.

Not everyone is happy about the growing ties between the two nations. An anti-outsourcing movement has drawn wide support as layoffs continue to mount at such U.S. companies as IBM, which is cutting 13,000 jobs in Europe and the United States and adding 14,000 in India, according to the Washington Alliance of Technology Workers.

Okay, I guess with that move of jobs, IBM just saved 600 million dollars while increasing their profit margin. This could mean that the jobs that did survive are getting more money. Do people forget that capitalism that the US economy is based on functions on profit?

One of the episodes recreates a real-life exchange that occurred in January between an American and an Indian agent that has become notorious among the call center crowd here. On the Philadelphia radio show “Star and Buc Wild,” host Troi Terrain phoned an Indian call center pretending to order hair beads for his daughter. The call quickly turned vicious.

“Listen to me, you dirty rat eater,” Terrain growled, to muffled laughter in the studio. “I’ll come out there and choke the — out of you. You’re a filthy rat eater. I’m calling about my American 6-year-old white girl. How dare you outsource my call?”

If I could meet this guy, he is going to get an earful from me. F*&#king racist pig.

Now, some real research from Deutsche Bank: Outsourcing to India: Crouching tiger set to pounce (Via New Economist) *WARNING: PDF file*

It’s a fascinating read if you would like more information on ITO/BPO in India.

Here is a Wikipedia article: Wikipedia: Outsourcing

I wonder what your views on outsourcing are. I wouldn’t mind a discussion on this topic.

[Listening to: Way Away - Yellowcard - Ocean Avenue (3:21)]
By indoloony, November 20, 2005, 10:36 pm o'clock
  

U.S. reaches Net detente with U.N. | CNET News.com

A compromise has been acheived. Looks like US keeps hold of the internet with an international oversight committee. Lets see how this works.

[Listening to: Don’t Kill - Hamell On Trial - Tough Love (3:27)]
By indoloony, November 16, 2005, 10:24 am o'clock
  

WSJ.com - Thinking Global

I finally see some official debate on the internet governance issue between the US and the rest of the world. Yet another installment about this issue.

[Listening to: We Sold Out - Wakefield - Wakefield (3:02)]
By indoloony, October 25, 2005, 5:57 pm o'clock
  

Slashdot | Congress Pays You $3 Billion to Keep Watching TV

This just makes me mad. These budget cuts in NSF funding directly hurts me and science research in general. Additionally, we are spending 3 billion dollars of friggin’ television. What the hell?

[Listening to: Woke up in a Car - Wakefield - Wakefield (4:15)]
By indoloony, October 23, 2005, 11:19 pm o'clock