Archive for the ‘Outsourcing’ Category

Wall Street woes has India outsourcing on edge

October 18, 2008

“The main market for us is still the United States. If companies are not doing good there, our job prospects are low,” said Nilesh Raut, of Bangalore, India….
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By ERIKA KINETZ, AP Business Writer
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BANGALORE, India – Bangalore, the capital of Indian outsourcing, is perhaps the closest India comes to Wall Street. In some offices, you can get a U.S. dial tone. Clocks tell you what time it is in New York. Cappuccinos — as well as Subway sandwiches and Carolina Herrera “212” perfume — are easy to come by.

Now that proximity, which has fueled years of growth and transformed the city into one of India’s most cosmopolitan, has put Bangalore on edge.

“The main market for us is still the United States. If companies are not doing good there, our job prospects are low,” said Nilesh Raut, 29, a software engineer at Oracle, which has an office here.

Bangalore is full of young migrants like Raut, who snapped up tech jobs that paid more than their parents could dream of, and who, unlike their parents, made unabashed use of their credit cards. But now, as India’s biggest shopping season, Diwali, kicks off, many say that until they have a better sense of how far and how deep the current crisis will cut, they’ll stick to window shopping.

“We’re just here for the ambiance,” said Raut, strolling through Bangalore’s oldest mall, Forum, foreswearing the iPods, Lee jeans, Reebok shoes and Arrow shirts on offer.

Since it opened four years ago, Forum has seen annual sales growth average 25 percent a year, according to Merveil Varghese, the mall’s marketing manager. This year, she expects sales growth at the mall’s 72 shops to slow to 17 to 18 percent. Rents, which quadrupled during that time, have stabilized, she said.

“Fifty percent of our customers are from the IT crowd,” she said. But these days, “everybody is taking it a little cool. You can’t afford to raise prices.”

The mall was packed, but few people had shopping bags in their hands. Consumers have also been singed by stock market losses.

“It’s not just Wall Street. It’s Dalal Street,” said Mansi Aneja, 30, referring to the Bombay Stock Exchange, which has lost about half its value this year. She said she’s putting off buying a new car.

Dubbed the Silicon Valley of India, Bangalore and its environs account for a third of India’s software services ….

Read the rest:
http://news.yahoo.com/s/ap/20081018/
ap_on_bi_ge/as_india_bangalore_on_edge_3

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America Going Soft?

September 15, 2007

By John E. Carey
September 15, 2007 

Did anybody notice that talking heads and politicians are now wearing the soft pastel necktie regularly? I remember when dark blue with stripes was the order of the day. England’s famed regimental ties were considered “classy” and they had meaning.

I have a little problem with pink, yellow and white ties.

Those pastel ties, believe it or not, remind me of the softening of America. We have nearly thrown in the towel in Iraq, a liberal blog accused the leader of the war effort of “betrayal,” and our movie stars (except for Russell Crowe and he’s an Aussie) are slim, lightweight and not overpoweringly manly — not that there is anything wrong with that.

John Wayne is dead — and in many sectors the one-time American icon is the butt of jokes.

The rise of women in America, a very good thing, has also prompted a kind of erosion into what a man is considered to be.

As the summer closes I am struck by two major news stories. First, we discovered this year that much of what you buy at WalMart, Target and Sears is made in China — and the standards and business practices of China are vastly different from our own. And two: former Chairman of the Federal Reserve said our nation gave up on standards like fiscal constraint which had served us well for decades.

You don’t hear many people talk about “standards” and “principles” very much and maybe it takes an octogenarian like Mr. Greenspan to remind us who we are and who we might be — with a little more restraint, wisdom and a dash of principles.

Sometimes the mantra of tolerance seems on the slipper slope to “anything goes.”

You don’t hear about hard work much either. Even President Bush says we need our immigrants (and the strong backs of people in other countries) to do the jobs “Americans” refuse to do.

A friend of mine in China commented at the height of the food and product safety scandals in China that the U.S. has outsourced and basically given away much of the manufacturing might that made America a superpower. His question is, “Would the United States have given much of its manufacturing to the Soviet Union during the height of the Cold War?”

This election season is a good time to talk about standards, principles and the big picture of our world view. I haven’t seen a lot of that except from newt Gingrich and he isn’t running. But there is still time and Americans are a hopeful people.

Related:
U.S. economy weakens further

Greenspan: Republicans Tossed Out Their Principles

Newt Gingrich: America Needs a New Debate

During War: Beware of Outsourcing in the Dark

July 26, 2007

 By Herald Meyerson
The Washington Post
Thursday, July 26, 2007; Page A21

One day, an employee opened an envelope filled with an unidentified white powder, which poured out over her. Two Wackenhut officers rushed to the scene, which they failed to isolate. Appalled, Smith asked if she should notify the Federal Protective Service and was told she shouldn’t. She asked if any of the officers had training in hazardous materials and was told they didn’t. She recommended they isolate the envelope and the employee and evacuate the building.Instead, Wackenhut officers took the envelope outside and told the employee to go wash off the powder, which she did, passing directly in front of Chertoff’s office on her way to the ladies’ room. Finally, after half an hour, they called the Federal Protective Service, which evacuated the building.

The following year Wackenhut’s contract at DHS headquarters was terminated…

Read the rest:
http://www.washingtonpost.com/wp-dyn/content/article/2007/
07/25/AR2007072501882.html