Look, we're an economics site. If you want to talk about labor economics, global labor economics, domination of one nation to capture a particular service sector, etc. that's all fine.
The line is drawn when I see racial slurs, ethnicity categorization (which is not the same as national, or citizenship), or any sort of stereotyping of a particular subgroup.
This is a warning and if you do not understand the differences here...well, there are plenty of other places to post.
I cover global labor issues, especially those related to services and use of guest worker Visas because it's a very real economic "theft" of the United States...
but keywords like "Desi" or classifying someone as "following orders" and a stereotype....
The caste angle has been exposed on posts to my blog and other sites that cater to the Indian expat community, known as Desis.
There is a lot of resentment against certain castes that exploit underclasses in India and these castes have come to dominate the H-1B bodyshop niche and the Indian I.T. consulting industry.
Even Hindu.com recognizes the monopoly:
The H-1B visa was introduced in the 1990s owing to shortage of U.S. engineers in companies such as Microsoft and Yahoo.
For some years 1,15,000 foreign engineers were allowed annually before the U.S. settled for the 65,000 annual limit. Initially, many of the engineers, overwhelmingly Indian, were absorbed by these U.S. companies and served the purpose for which the visa was designed – to maintain U.S. corporate edge by importing engineers in case of a shortfall.
However, as the officials pointed out, critics of the system in the current downturn got a boost when the date for 2007 and 2008 from the U.S. Citizen and Immigration Services showed that most of those given visas were to Indians who entered the country to work for India-headquartered firms working for or in large U.S corporations.
http://www.debtdeflation.com/blogs/ specifically in "Rory Robertson Designs A Car" Steve Keen says, "The ratio of the change in debt to aggregate demand yields a dimensionless number that tells you how much of aggregate demand is debt financed. Since debt finance can turn on a dime–it can go from expanding to contracting virtually overnight–this ratio can tell you more about where the economy is headed than virtually any other indicator." Further, "The ratio of Debt to GDP is a comparison of dollars to dollars per year. The resulting ratio is years:
Dollars/Dollars/Year = Years
Does this matter when assessing the health of an economy? You betcha. Especially when that economy has been booming along on an orgy of debt-financed speculative spending. The ratio tells you how many years it would take to reduce debt to zero, if all of GDP were devoted to doing that."
Once again, we need to consider capacity to sustain debt (relative to GDP)...over and above mere debt:GDP ratios:-)
Do you have a link to such a video, if it exists? That would be awesomely sarcastic and I'd like to include it in the weekly comic round up if it exists.
Well, Acar is Turkish so I don't know how we got into the great Hindi Brahminm, Vaishnavm, Gujarati caste takeover of IT/STEM/Professional jobs from that one.
So, look, put your data into statistics for that shows your "not so PC" information accurately. I see every day the racism coming from Indian posters on the blogs....against Americans and I see this racist BS even make it to Academia. It's a complete perversion of U.S. domestic diversity, equal opportunity for never was the intent to eradicate all U.S. citizens from jobs and replace them with an entire group, of one race, one nation.
So, while I also know there is brazen discrimination against Americans now in many tech focused corporations one needs to dig out statistics to prove that.
Great article on the fact Yusuf Acar isn't even qualified as well as a Cisco preferred vendor. Will put in post as an update.
One point is this post is how Keynesian, in order to work, must put funds only back into the domestic economy from where the government expenditures originated.
I wrote about this also and how the current Stimulus, especially the tech, could be offshore outsourced and currently the government refuses to stop the use of illegal labor and that's another sieve in terms of keeping the funds domestically, or in the above ground economy.
We also know TARP funds have gone abroad and there are reports GM used their bail out funds in part for Brazil.
So, analyzing the results of deficit spending to stimulate an economy in a global world is sorely needed...
unfortunately the above article doesn't have any mathematics, which is what I would be interested in reading.
I've looked at it from the Keynesian domestic economy and it looks bad to do much of anything, due to the above but in terms of global economies, the interaction, that's what I would like to see more theory, plugging in the numbers on.
Is it possible that the Keynesian prescription (of taking on more debt to jump start the economy) is the exact opposite of what really needs to be done, which is bringing down debt, fast? Is the Obama team plagued by neo-classical thinking?
We are at war here, dealing with a corrupt H[indu]-1B that is trying to eliminate all Americans from the I.T. industry
I have witnessed the abuse of the H-1B system first-hand and have reported it to the DOL.
15 years in the biz, with top skills, and I have seen my wages decline every year -- it is occupational apartheid at the hands of mostly upper-caste Hindus. Call me politically incorrect, just don't call me a coward. It is the truth, and for over ten years 200,000 American programmers have suffered the humiliation of being displaced by low-skill, low-wage H[indu]-1B imports.
The monopoly of the IT profession by the mostly Indian H-1B lobby must stop. So few of those imports can communicate in English, much less code. And their phony "CVs"!!!! What a riot. 24-yr olds with 10 years of .Net experience!!! ROFL LMAO.
And the idiot American I.T. managers droll over these guys, because they are docile, humble, and meak -- unlike the skilled U.S. developer, who maybe cocky yet talented.
American I.T. managers that hire H-1Bs are spineless, and most know that there is no value-add with an illiterate H-1B sent in by a bloodsucking Desi bodyshop. But since most CIOs, CTOs, and V.P.s in corporate I.T. are failed developers, that is how they like it.
There is no "programmer shortage" -- just a shortage of American I.T. executives with integrity and gonads.
And there is a Cisco/Kundra connection, Brad Reese writes about it in NetworkWorld:
The Healthcare system is bloated with debt that was leveraged from its capacity. The fact is, an empty hospital bed (and depending where and when the number can be significant) should not have a cost. Take the need to generate profit out of the private provider system--physicians would be happier simply drawing a decent salary and not having to operate their private businesses. Same
with hospitals. There's a huge need to examine what insurance really is: is it afterall a prepayment of future medical expenses? A healthy 25 year old paying premiums yet never uses the system...what does that premium actually represent?
On the matter of what's needed now to unclog inventories of existing new vehicles on-ground at dealerships and outside our factories in the US and eslewhere, set to put people back to work at US company owned factories ASAP, I propose:
1. Offer direct federal access to funds to franchised new vehicle dealers for the purpose of accelerating loans for qualified consumers and fleet operators.
Franchised new vehicle dealerships sales actualization requirements must also be taken into account in this matter as they are an integral part of the new vehicle sales "food chain."
If traditional funding sources don't want to, or find they simply can't sufficiently underwrite this business, let's seek out and provide motivated lenders who would then be provided access to special funds set aside by the Fed under special circumstances or rules established for this purpose.
2. Accelerate Special Offers for Fleet Operators to cycle their vehicles
This would include all private as well as public fleets not as yet contemplated by the present plan (i.e., non- Federal Fleet vehicles), to ensure fleets replace their vehicles as they would normally cycle them.
These offers should seek to balance alleviating inventories of existing new vehicles on-ground at dealerships and factory lots in the US, while phasing in offers for more fuel efficient vehicles as the existing inventories of new vehicles are more rationalized.
The offers could include everything from accelerated depreciation, cash incentives to guaranteed residual values.
3. Auto Manufacturer and Parts Supplier Shareholders' Guaranteed Value Plan
This proposal would reward long term stockholders of companies who pass similar, so-called stress tests now planned for the banking sector. For this purpose, "long term stockholders" could be defined as those who retain the stock for an agreed-to period of time.
The plan would contemplate developing a formula which would guarantee a certain "floor price" for qualified stock.
The benefits of such a plan would include taking a great deal of uncertainty out of the value of companies who remain in this space by virtue of a larger group of shareholders who, in effect, have been encouraged through this guarantee to hold onto their stock. These companies, in turn, would benefit from access to funds from the stock purchases as well as other financial benefits associated with increased stability.
4. National US Auto Industry "Super Sale"
Designate a short, specific time period where consumers would benefit from the acquisition of a new vehicle through any number of offerings (i.e., large cash incentives, pre-paid maintenance, extended warranties, accelerated tax incentives beyond those passed in the stimulus bill, etc.) all set to, again, unclog existing inventories and get people back to work.
Regards,
Andrew Gross
Chairman & CEO
Automotive Consulting Services
(An Oregon Corporation)
but the term is used and abused, just like free trade.
So, what I'm trying to get to is to give statistics, evidence, details as to precisely how these trade agreements and policies are glorified offshore outsourcing agreements...
or corruption and takeover of domestic financial systems and so on.
One needs to go into details as to how and why, else it's just another piece of rhetoric.
The point of EP is to post details, learn how to discuss the details. For example, what specifically is it about NAFTA that is a problem?
Answer, it lowered wages, enabled arbitrage, wiped out Mexican farmers, allowed most of the Mexican financial system to be bought by foreign interests....
and put "border hopping" as a S. of the Border accepted method to job hunt.
What's the difference between NAFTA and say the EU? Is it unfettered migration in EU member countries that made the difference between success and failure for citizens? Answer No. The EU first and foremost started addressing the overall differences in GDP, PPP across nations for integration. Europe was all primarily first world economies originally. They all had health care, education, retirement, i.e. social safety nets that were similar. Yet still the EU took the time to equalize those differences between purchase power parity, costs, standard of living before they integrated a policy...
These are the things to write about and answer for yourself.
One cannot just write "globalization is bad" as a belief.
The problem with that it's the same religious mantra where various people shout "free trade is all good"....
one needs to look at the details, the real causes and effects to obtain better policy. what is doing what...
Why not go down the list...Microsoft, Cisco, Oracle. Hard to find any mid-level executive white guys floating around any of these any more.:-)(Sorry if that sounds politically incorrect.
The health value chain in the US is far too complex (and costly). Entities do things that add no value (except cost) to the final service - improving health care and delivery.
The US should implement a national public health system and eliminate all the non value costs from the health value chain. This would reduce health liabilities on business, reduce the cost of health care and provide a broader health safety net. I grew up in the UK, lived in NZ and now I live in Australia - public health provision is a good thing exactly for the reasons highlighted in the report. It produces a healthy workforce and a more efficient capitalist system as resources are used where they add value.
Undertaking this change would be no different to re-engineering a business to be more efficient - that is to make each health dollar go further.
Look, we're an economics site. If you want to talk about labor economics, global labor economics, domination of one nation to capture a particular service sector, etc. that's all fine.
The line is drawn when I see racial slurs, ethnicity categorization (which is not the same as national, or citizenship), or any sort of stereotyping of a particular subgroup.
This is a warning and if you do not understand the differences here...well, there are plenty of other places to post.
I cover global labor issues, especially those related to services and use of guest worker Visas because it's a very real economic "theft" of the United States...
but keywords like "Desi" or classifying someone as "following orders" and a stereotype....
sorry, that does not fly on EP.
The caste angle has been exposed on posts to my blog and other sites that cater to the Indian expat community, known as Desis.
There is a lot of resentment against certain castes that exploit underclasses in India and these castes have come to dominate the H-1B bodyshop niche and the Indian I.T. consulting industry.
Even Hindu.com recognizes the monopoly:
http://www.hindu.com/2009/02/27/stories/2009022755181300.htm
http://www.debtdeflation.com/blogs/ specifically in "Rory Robertson Designs A Car" Steve Keen says, "The ratio of the change in debt to aggregate demand yields a dimensionless number that tells you how much of aggregate demand is debt financed. Since debt finance can turn on a dime–it can go from expanding to contracting virtually overnight–this ratio can tell you more about where the economy is headed than virtually any other indicator." Further, "The ratio of Debt to GDP is a comparison of dollars to dollars per year. The resulting ratio is years:
Dollars/Dollars/Year = Years
Does this matter when assessing the health of an economy? You betcha. Especially when that economy has been booming along on an orgy of debt-financed speculative spending. The ratio tells you how many years it would take to reduce debt to zero, if all of GDP were devoted to doing that."
Once again, we need to consider capacity to sustain debt (relative to GDP)...over and above mere debt:GDP ratios:-)
Do you have a link to such a video, if it exists? That would be awesomely sarcastic and I'd like to include it in the weekly comic round up if it exists.
I missed this SmallVille Episode Of Lex Luther asking for a bailout and Kent training an H1b to replace him at the Daily Planet.
Well, Acar is Turkish so I don't know how we got into the great Hindi Brahminm, Vaishnavm, Gujarati caste takeover of IT/STEM/Professional jobs from that one.
So, look, put your data into statistics for that shows your "not so PC" information accurately. I see every day the racism coming from Indian posters on the blogs....against Americans and I see this racist BS even make it to Academia. It's a complete perversion of U.S. domestic diversity, equal opportunity for never was the intent to eradicate all U.S. citizens from jobs and replace them with an entire group, of one race, one nation.
So, while I also know there is brazen discrimination against Americans now in many tech focused corporations one needs to dig out statistics to prove that.
Great article on the fact Yusuf Acar isn't even qualified as well as a Cisco preferred vendor. Will put in post as an update.
Folks, can you please format your links?
One point is this post is how Keynesian, in order to work, must put funds only back into the domestic economy from where the government expenditures originated.
I wrote about this also and how the current Stimulus, especially the tech, could be offshore outsourced and currently the government refuses to stop the use of illegal labor and that's another sieve in terms of keeping the funds domestically, or in the above ground economy.
We also know TARP funds have gone abroad and there are reports GM used their bail out funds in part for Brazil.
So, analyzing the results of deficit spending to stimulate an economy in a global world is sorely needed...
unfortunately the above article doesn't have any mathematics, which is what I would be interested in reading.
I've looked at it from the Keynesian domestic economy and it looks bad to do much of anything, due to the above but in terms of global economies, the interaction, that's what I would like to see more theory, plugging in the numbers on.
http://www.niallferguson.com/site/FERG/Templates/ArticleItem.aspx?pageid...
Is it possible that the Keynesian prescription (of taking on more debt to jump start the economy) is the exact opposite of what really needs to be done, which is bringing down debt, fast? Is the Obama team plagued by neo-classical thinking?
We are at war here, dealing with a corrupt H[indu]-1B that is trying to eliminate all Americans from the I.T. industry
I have witnessed the abuse of the H-1B system first-hand and have reported it to the DOL.
15 years in the biz, with top skills, and I have seen my wages decline every year -- it is occupational apartheid at the hands of mostly upper-caste Hindus. Call me politically incorrect, just don't call me a coward. It is the truth, and for over ten years 200,000 American programmers have suffered the humiliation of being displaced by low-skill, low-wage H[indu]-1B imports.
The monopoly of the IT profession by the mostly Indian H-1B lobby must stop. So few of those imports can communicate in English, much less code. And their phony "CVs"!!!! What a riot. 24-yr olds with 10 years of .Net experience!!! ROFL LMAO.
And the idiot American I.T. managers droll over these guys, because they are docile, humble, and meak -- unlike the skilled U.S. developer, who maybe cocky yet talented.
American I.T. managers that hire H-1Bs are spineless, and most know that there is no value-add with an illiterate H-1B sent in by a bloodsucking Desi bodyshop. But since most CIOs, CTOs, and V.P.s in corporate I.T. are failed developers, that is how they like it.
There is no "programmer shortage" -- just a shortage of American I.T. executives with integrity and gonads.
And there is a Cisco/Kundra connection, Brad Reese writes about it in NetworkWorld:
http://www.networkworld.com/community/node/39660
I hate to think about what it's going to be like this year in such a bad economical climate.
Steve keen had some funny things to say on this. See http://www.debtdeflation.com/blogs/
I added this to the Sunday morning comics but you should always embed the video instead of use a link.
To embed youtubes on EP, just copy the embed code and paste it into the body of the post (while in plain text mode).
I could work for $20/day, too if my housing expense was
$85/mo., which is basically what it is in those outsourced zones.
The Healthcare system is bloated with debt that was leveraged from its capacity. The fact is, an empty hospital bed (and depending where and when the number can be significant) should not have a cost. Take the need to generate profit out of the private provider system--physicians would be happier simply drawing a decent salary and not having to operate their private businesses. Same
with hospitals. There's a huge need to examine what insurance really is: is it afterall a prepayment of future medical expenses? A healthy 25 year old paying premiums yet never uses the system...what does that premium actually represent?
On the matter of what's needed now to unclog inventories of existing new vehicles on-ground at dealerships and outside our factories in the US and eslewhere, set to put people back to work at US company owned factories ASAP, I propose:
1. Offer direct federal access to funds to franchised new vehicle dealers for the purpose of accelerating loans for qualified consumers and fleet operators.
Franchised new vehicle dealerships sales actualization requirements must also be taken into account in this matter as they are an integral part of the new vehicle sales "food chain."
If traditional funding sources don't want to, or find they simply can't sufficiently underwrite this business, let's seek out and provide motivated lenders who would then be provided access to special funds set aside by the Fed under special circumstances or rules established for this purpose.
2. Accelerate Special Offers for Fleet Operators to cycle their vehicles
This would include all private as well as public fleets not as yet contemplated by the present plan (i.e., non- Federal Fleet vehicles), to ensure fleets replace their vehicles as they would normally cycle them.
These offers should seek to balance alleviating inventories of existing new vehicles on-ground at dealerships and factory lots in the US, while phasing in offers for more fuel efficient vehicles as the existing inventories of new vehicles are more rationalized.
The offers could include everything from accelerated depreciation, cash incentives to guaranteed residual values.
3. Auto Manufacturer and Parts Supplier Shareholders' Guaranteed Value Plan
This proposal would reward long term stockholders of companies who pass similar, so-called stress tests now planned for the banking sector. For this purpose, "long term stockholders" could be defined as those who retain the stock for an agreed-to period of time.
The plan would contemplate developing a formula which would guarantee a certain "floor price" for qualified stock.
The benefits of such a plan would include taking a great deal of uncertainty out of the value of companies who remain in this space by virtue of a larger group of shareholders who, in effect, have been encouraged through this guarantee to hold onto their stock. These companies, in turn, would benefit from access to funds from the stock purchases as well as other financial benefits associated with increased stability.
4. National US Auto Industry "Super Sale"
Designate a short, specific time period where consumers would benefit from the acquisition of a new vehicle through any number of offerings (i.e., large cash incentives, pre-paid maintenance, extended warranties, accelerated tax incentives beyond those passed in the stimulus bill, etc.) all set to, again, unclog existing inventories and get people back to work.
Regards,
Andrew Gross
Chairman & CEO
Automotive Consulting Services
(An Oregon Corporation)
www.autoconsult.us
503-701-6003
andy@autoconsult.us
but the term is used and abused, just like free trade.
So, what I'm trying to get to is to give statistics, evidence, details as to precisely how these trade agreements and policies are glorified offshore outsourcing agreements...
or corruption and takeover of domestic financial systems and so on.
One needs to go into details as to how and why, else it's just another piece of rhetoric.
I try to make the point that the lower prices for consumer goods is not enough to make up for the lower wages.
I am trying to determine whether globalization may have played a factor with the increase consumer debt levels.
The point of EP is to post details, learn how to discuss the details. For example, what specifically is it about NAFTA that is a problem?
Answer, it lowered wages, enabled arbitrage, wiped out Mexican farmers, allowed most of the Mexican financial system to be bought by foreign interests....
and put "border hopping" as a S. of the Border accepted method to job hunt.
What's the difference between NAFTA and say the EU? Is it unfettered migration in EU member countries that made the difference between success and failure for citizens? Answer No. The EU first and foremost started addressing the overall differences in GDP, PPP across nations for integration. Europe was all primarily first world economies originally. They all had health care, education, retirement, i.e. social safety nets that were similar. Yet still the EU took the time to equalize those differences between purchase power parity, costs, standard of living before they integrated a policy...
These are the things to write about and answer for yourself.
One cannot just write "globalization is bad" as a belief.
The problem with that it's the same religious mantra where various people shout "free trade is all good"....
one needs to look at the details, the real causes and effects to obtain better policy. what is doing what...
Why not go down the list...Microsoft, Cisco, Oracle. Hard to find any mid-level executive white guys floating around any of these any more.:-)(Sorry if that sounds politically incorrect.
The health value chain in the US is far too complex (and costly). Entities do things that add no value (except cost) to the final service - improving health care and delivery.
The US should implement a national public health system and eliminate all the non value costs from the health value chain. This would reduce health liabilities on business, reduce the cost of health care and provide a broader health safety net. I grew up in the UK, lived in NZ and now I live in Australia - public health provision is a good thing exactly for the reasons highlighted in the report. It produces a healthy workforce and a more efficient capitalist system as resources are used where they add value.
Undertaking this change would be no different to re-engineering a business to be more efficient - that is to make each health dollar go further.
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