The other candidate was the Cisco CTO, someone who was moving anything and everything over to India and China as fast as they can, demanding unlimited H-1Bs, thrashing, Churning their workforce....
The key question is why is the Obama administration not looking at the many gurus who either went to DARPA or started in DARPA?
Why are they not sticking to national security and the national interest in this post?
The FBI was notified of the fraud and bribery by an employee and began their investigation in May. Kundra was in charge at the time and though has not been named in released FBI documents, I am sure his new assignment will be removed from him and the Obama Administration will have to find a replacement.
There is an old saying: "He who owes is king." How so? As it turns out, if the borrower is unable to repay, the creditor is left holding the bag...not unlike today's financial institutions and banks. If we default, what happens to China? What collateral do they have?
Right now $1 U.S. = 8 RMB
$1 U.S. = $3B Zimbabwes
$2.99 U.S. = 1 loaf of sour dough on sale
$2,100 U.S. = 1 month rent for 2 bedroom flat in
San Mateo, CA.
$50 U.S./hr = Average cost of contract software
engineer locally outsourced in U.S.
$20/day+/- = avg. daily cost for software
engineer in Mumbai.
The bottomline is...we need a global currency to avoid manipulation. China has been recirculating U.S. dollars back into U.S. treasuries and avoided exchanging yuan for dollars. Hence, their insulative 8:1 ratio is likely less
than true value.
To become a naturalized citizen of the United States, one had to renounce one's old country and government.
Perhaps today, we need to get them to renounce their corporation as well.
-------------------------------------
Moral hazards would not exist in a system designed to eliminate fraud.
That's one area that hardly gets any attention as in zero and we know they are labor arbitraging in research with H-1B and also, extensively, post docs, sometimes using the J-1 Visa.
I've written a few things noticing a much less quality and time degree is being accepted into U.S. PhD programs, directly, not just the Masters...which is a "BSc" but these vary and there are now reports of people with less than 2 years of education deemed "higher" are getting straight into U.S. graduate programs.
Then the rejection rates are higher for U.S. citizens than foreign students in many schools but even more suspect, we have reject rates for graduate school hitting > 80%!
Then, I sure would like to see a statistic sampling of all funding for all schools, especially U.S. higher education receiving state and federal funds.....based on citizenship status. I've heard reports that foreign students are getting funding and U.S. citizens are getting denied...
well, that's pretty odious considering not only did the U.S. student get into grad school, but they are cutting the mustard just fine.
But, one needs to look at aggregate data to prove a pattern (or disprove one)....
Then, isn't it amusing the politicans always talk about "retraining"? Well, how do you "retrain" someone with a BS/BA, MS/MA, PhD?.....
at minimum they need to return to graduate school, or get in for another Masters or another PhD!
It's also pretty damn odious where someone with these levels of education, work experience and skills cannot find a job!
All the propaganda for Pro-H1b specially CNBC but no news regarding the damage that these guest worker visas has done to the following industries: Information Technology, Engineering, Architecture, Science. Well Heck even hotels bring in H1b workers.
You are correct to point out that this is primarily a labor issue and HB-1 is effectively a means through arbitrage to discount cost for value added services. Fact: India and China offer heavy state subsidies to educate their workers.
(China also invests heavily in its manufacturing infrastructure...roads, freeways, ports, airports, etc.)
Why does the U.S. subsidize foreign students that come here to study? Is it because it ultimately benefits U.S. Hi-tech corps? If so, are those corps. repaying for this subsidy through taxes? Offshoring, outsourcing, HB-1...these are all part of a singular subsidy structure that has succeeded in off-shoring our entire manufacturing supply chains. The myth propogated is that we don't churn out enough qualified engineers and scientists. I know plenty of non-foreign engineers and MBA's that are either unemployed or under employed. The managements of our U.S. Companies (and our tax rules) have failed us by giving incentive to offshore.
If a ship runs aground on a reef, the Captain is still responsible even though he was not the one at the helm. Same here, the corruption and contracts happened on Vivek Kundra's watch as the CTO of DC. In fact, for the company in question, the contracts doubled when Vivek started as the CTO of DC. If Obama keeps this guy on the Federal CIO job we are doomed; he will have free reign on the contracts. He should be charged for incompetence as being the CTO of DC. If he can't handle DC what more on several federal agencies.
I find this entire thing beyond stupid. It's this continual "politically correct" i.e. read please don't stop the flow of: a) cheap labor b) remittances c) $30B drug industry d) NAFTA e) truckers to labor arbitrage the teamsters f) gun exports
crap of the U.S. - Mexico border. They spend billions rambliing on about virtual fences when the good old fashioned cheap double walled fence is proving to work by the statistics.
There have been 9,000 murders, grizzly beheadings, mayhem, S. of the border. As I recall beheadings in Iraq made front page news, horrified the nation, yet this is going on right to the South, way more torture, kidnappings, beheadings and glorified terrorism under the guise of "drug war" going on right on our own border and they still will not just plain do what works and do it fast.
These damn drug cartels have an obviously distribution network in the U.S., using people who are in the country illegally....and nope, can't do anything about that either...
I'm sorry but the evidence is beyond scary and these drug cartels are operating in almost every town in the United States of any size population...
So, while they build cold war billion dollar military machines, a really dangerous situation goes ignored.
The entire "virtual fence" is all about bloated DoD/DHS contracts and also about delaying any controls on the border so all of this activity listed above can continue unabated.
It's time for people to stop being manipulated by choice sounding keywords of "oh that's racist" or that's "xenophobic" and realize we have one of the bloodiest drug cartel wars, fighting over U.S. markets, completely operating in almost every single U.S. town going on right at this moment and they make Al-Qaeda look like chicken feed.
Seriously, there are many people, who are U.S. citizens screaming bloody murder at global labor arbitrage, offshore outsourcing, guest worker Visas and they are of an Indian ethnic background....
so one must judge from one's deeds. This is much more about citizenship, which country do you identify yourself with and really has an effect on particular career "wipe out" experience most of all...
than any cultural identity. Think national identity and that's where the "curry" issue comes in. There is no doubt India is trying to capture the services sector, especially all of I.T. as well as STEM, thinking this is a "trade" issue....and they use guest worker Visas, offshore outsourcing, the U.S. educational system, by any means and method!
But the thing here is we have many U.S. citizens of "variety pack" ethnicity but they are also getting the shaft in these career areas...
So, it's a matter not only of citizenship but really is that person an American? The reason I put this second condition on citizenship is so many recent "citizens" are simply using U.S. citizenship status to better assist their home country....they do not take citizenship to mean anything more than a nice business feature to enable the shipping of jobs, sectors, industries to their "real" country...
i.e. they are not loyal to the U.S. believe in the U.S., consider the U.S. home or other any real affinity with other Americans...
But there are a host of other people who sure as hell do take it all seriously, just as someone who has a 400 generational American ancestry....
So, it's not an ethnicity issue.
So, please be sensitive with your curry and let's put the real focus on nationality, i.e. which country and economy are you for anyway?
Do these people ever stop selling and peddling and sit down and look at the books? Ya know, good ole fashioned accounting knowledge?
The fact I find the most striking on the situation with China is the China PNTR has only been in effect for less than 9 years.
In other words China has conquered the United States of America in less time than it would have taken to go to war and even worse, the United States surrendered and instigated that surrender through bad trade deals.
But it seems now that China owns the United States and sucked the economy dry....what happens in this case next?
I feel the plan is for China to trade places with the United States, i.e. they become the reserve currency, the dominate world economy and the U.S. becomes more like a 3rd world nation.
But in this little trick of China owning the U.S. through debt....what does that really mean, what are the global, relative implications when this buying up of bad U.S. debt plan implodes?
If I sound CT, I'm feeling dramatic. One can work their ass off for good policy, for candidates one believes will actually put the United States and it's workforce first, will stop these corrupt practices but as soon as they take office....wham o, we have basically the same agenda of the last 40 years.
I was looking over some old blog diaries I wrote last year and I ran across something I had forgotten about. Allow me to plagiarize myself.
On the night of July 12, Fannie Mae Chief Executive Officer Daniel Mudd was having a quiet night with his wife and a glass of wine when his phone rang. The person calling was Treasury Secretary Henry Paulson and he was very worried.
Fannie Mae, the biggest mortgage finance company in the history of the world, was in trouble. It's stock prices had dropped 45% since the start of the year. It's borrowing costs were rising as creditors became worried about the chances of Fannie Mae defaulting on its debt. "We're trying to solve a crisis of confidence," Paulson told Mudd after he explained the taxpayer bailout designed by the Bush Administration. "Would this do it?"
It seems that Paulson's boss had called him just a few hours earlier and explained in no uncertain terms that America was in for an economic nightmare if the American taxpayer didn't backstop Fannie Mae.
The problem was his boss in this case wasn't President Bush.
It was China.
Investors in Asia, the biggest foreign owners of Fannie Mae's $3 trillion of bonds, were asking the Treasury to bolster the government- sponsored company and its smaller competitor, Freddie Mac, said three people with knowledge of the talks.
The next afternoon, before financial markets opened Monday in Asia, Paulson announced the rescue plan, saying he would seek authority to buy unlimited equity stakes in the companies and their bonds if needed, while the Federal Reserve would lend directly to Fannie and Freddie. Congress included the proposals in a broader housing bill that President George W. Bush signed into law last week.
Freddie and Fannie rely on foreign institutions. Investors and central banks outside the U.S. own about $1.3 trillion of Fannie and Freddie's corporate and mortgage bonds, according to the Treasury. Chinese institutions are the biggest holders in Asia.
Paulson had visited China just a few months earlier and failed to win any concessions from China concerning their currency practices. He also caved in to China last December.
The reason I point this out is because Paulson met with the Chinese President just two weeks after the Bear Stearns collapse.
A month later Paulson was on his way to the middle east.
United States Treasury Secretary Henry Paulson will fly to the UAE and other Gulf states this week to reassure regional governments on their funds in the US following recent furore about the role of their investments.
At the same time that America was entering the worst financial crisis since the Great Depression, our Treasury Secretary, instead of tending to the domestic upheaval, was jet-setting around the world like an international salesman.
I've noticed a new phenomenon. Mainstream media will report on an issue they normally black out (like this one or anything H-1b) after everyone already knows about it, and is talking about it, just so the blackout doesnt become so obvious
Even the right wingers wont touch this one, becsause it's cheap labor.
It's essential the blogousphere get this one out - this is a wooden stake to drive through the H-1b/Outsourcing industry vampire's evil heart
The other candidate was the Cisco CTO, someone who was moving anything and everything over to India and China as fast as they can, demanding unlimited H-1Bs, thrashing, Churning their workforce....
The key question is why is the Obama administration not looking at the many gurus who either went to DARPA or started in DARPA?
Why are they not sticking to national security and the national interest in this post?
The FBI was notified of the fraud and bribery by an employee and began their investigation in May. Kundra was in charge at the time and though has not been named in released FBI documents, I am sure his new assignment will be removed from him and the Obama Administration will have to find a replacement.
There is an old saying: "He who owes is king." How so? As it turns out, if the borrower is unable to repay, the creditor is left holding the bag...not unlike today's financial institutions and banks. If we default, what happens to China? What collateral do they have?
Right now $1 U.S. = 8 RMB
$1 U.S. = $3B Zimbabwes
$2.99 U.S. = 1 loaf of sour dough on sale
$2,100 U.S. = 1 month rent for 2 bedroom flat in
San Mateo, CA.
$50 U.S./hr = Average cost of contract software
engineer locally outsourced in U.S.
$20/day+/- = avg. daily cost for software
engineer in Mumbai.
The bottomline is...we need a global currency to avoid manipulation. China has been recirculating U.S. dollars back into U.S. treasuries and avoided exchanging yuan for dollars. Hence, their insulative 8:1 ratio is likely less
than true value.
To become a naturalized citizen of the United States, one had to renounce one's old country and government.
Perhaps today, we need to get them to renounce their corporation as well.
-------------------------------------
Moral hazards would not exist in a system designed to eliminate fraud.
That's one area that hardly gets any attention as in zero and we know they are labor arbitraging in research with H-1B and also, extensively, post docs, sometimes using the J-1 Visa.
I've written a few things noticing a much less quality and time degree is being accepted into U.S. PhD programs, directly, not just the Masters...which is a "BSc" but these vary and there are now reports of people with less than 2 years of education deemed "higher" are getting straight into U.S. graduate programs.
Then the rejection rates are higher for U.S. citizens than foreign students in many schools but even more suspect, we have reject rates for graduate school hitting > 80%!
Then, I sure would like to see a statistic sampling of all funding for all schools, especially U.S. higher education receiving state and federal funds.....based on citizenship status. I've heard reports that foreign students are getting funding and U.S. citizens are getting denied...
well, that's pretty odious considering not only did the U.S. student get into grad school, but they are cutting the mustard just fine.
But, one needs to look at aggregate data to prove a pattern (or disprove one)....
Then, isn't it amusing the politicans always talk about "retraining"? Well, how do you "retrain" someone with a BS/BA, MS/MA, PhD?.....
at minimum they need to return to graduate school, or get in for another Masters or another PhD!
It's also pretty damn odious where someone with these levels of education, work experience and skills cannot find a job!
All the propaganda for Pro-H1b specially CNBC but no news regarding the damage that these guest worker visas has done to the following industries: Information Technology, Engineering, Architecture, Science. Well Heck even hotels bring in H1b workers.
You are correct to point out that this is primarily a labor issue and HB-1 is effectively a means through arbitrage to discount cost for value added services. Fact: India and China offer heavy state subsidies to educate their workers.
(China also invests heavily in its manufacturing infrastructure...roads, freeways, ports, airports, etc.)
Why does the U.S. subsidize foreign students that come here to study? Is it because it ultimately benefits U.S. Hi-tech corps? If so, are those corps. repaying for this subsidy through taxes? Offshoring, outsourcing, HB-1...these are all part of a singular subsidy structure that has succeeded in off-shoring our entire manufacturing supply chains. The myth propogated is that we don't churn out enough qualified engineers and scientists. I know plenty of non-foreign engineers and MBA's that are either unemployed or under employed. The managements of our U.S. Companies (and our tax rules) have failed us by giving incentive to offshore.
If a ship runs aground on a reef, the Captain is still responsible even though he was not the one at the helm. Same here, the corruption and contracts happened on Vivek Kundra's watch as the CTO of DC. In fact, for the company in question, the contracts doubled when Vivek started as the CTO of DC. If Obama keeps this guy on the Federal CIO job we are doomed; he will have free reign on the contracts. He should be charged for incompetence as being the CTO of DC. If he can't handle DC what more on several federal agencies.
I find this entire thing beyond stupid. It's this continual "politically correct" i.e. read please don't stop the flow of: a) cheap labor b) remittances c) $30B drug industry d) NAFTA e) truckers to labor arbitrage the teamsters f) gun exports
crap of the U.S. - Mexico border. They spend billions rambliing on about virtual fences when the good old fashioned cheap double walled fence is proving to work by the statistics.
There have been 9,000 murders, grizzly beheadings, mayhem, S. of the border. As I recall beheadings in Iraq made front page news, horrified the nation, yet this is going on right to the South, way more torture, kidnappings, beheadings and glorified terrorism under the guise of "drug war" going on right on our own border and they still will not just plain do what works and do it fast.
These damn drug cartels have an obviously distribution network in the U.S., using people who are in the country illegally....and nope, can't do anything about that either...
I'm sorry but the evidence is beyond scary and these drug cartels are operating in almost every town in the United States of any size population...
So, while they build cold war billion dollar military machines, a really dangerous situation goes ignored.
The entire "virtual fence" is all about bloated DoD/DHS contracts and also about delaying any controls on the border so all of this activity listed above can continue unabated.
It's time for people to stop being manipulated by choice sounding keywords of "oh that's racist" or that's "xenophobic" and realize we have one of the bloodiest drug cartel wars, fighting over U.S. markets, completely operating in almost every single U.S. town going on right at this moment and they make Al-Qaeda look like chicken feed.
Seriously, there are many people, who are U.S. citizens screaming bloody murder at global labor arbitrage, offshore outsourcing, guest worker Visas and they are of an Indian ethnic background....
so one must judge from one's deeds. This is much more about citizenship, which country do you identify yourself with and really has an effect on particular career "wipe out" experience most of all...
than any cultural identity. Think national identity and that's where the "curry" issue comes in. There is no doubt India is trying to capture the services sector, especially all of I.T. as well as STEM, thinking this is a "trade" issue....and they use guest worker Visas, offshore outsourcing, the U.S. educational system, by any means and method!
But the thing here is we have many U.S. citizens of "variety pack" ethnicity but they are also getting the shaft in these career areas...
So, it's a matter not only of citizenship but really is that person an American? The reason I put this second condition on citizenship is so many recent "citizens" are simply using U.S. citizenship status to better assist their home country....they do not take citizenship to mean anything more than a nice business feature to enable the shipping of jobs, sectors, industries to their "real" country...
i.e. they are not loyal to the U.S. believe in the U.S., consider the U.S. home or other any real affinity with other Americans...
But there are a host of other people who sure as hell do take it all seriously, just as someone who has a 400 generational American ancestry....
So, it's not an ethnicity issue.
So, please be sensitive with your curry and let's put the real focus on nationality, i.e. which country and economy are you for anyway?
Just wait until the gold at Fort Knocks is shipped to Beijing.:-)
Nothing like a little tikka massala with your Java and
C++;-)
Like I said, welcome to the company store. China's our pay day lender.
Do these people ever stop selling and peddling and sit down and look at the books? Ya know, good ole fashioned accounting knowledge?
The fact I find the most striking on the situation with China is the China PNTR has only been in effect for less than 9 years.
In other words China has conquered the United States of America in less time than it would have taken to go to war and even worse, the United States surrendered and instigated that surrender through bad trade deals.
But it seems now that China owns the United States and sucked the economy dry....what happens in this case next?
I feel the plan is for China to trade places with the United States, i.e. they become the reserve currency, the dominate world economy and the U.S. becomes more like a 3rd world nation.
But in this little trick of China owning the U.S. through debt....what does that really mean, what are the global, relative implications when this buying up of bad U.S. debt plan implodes?
If I sound CT, I'm feeling dramatic. One can work their ass off for good policy, for candidates one believes will actually put the United States and it's workforce first, will stop these corrupt practices but as soon as they take office....wham o, we have basically the same agenda of the last 40 years.
I was looking over some old blog diaries I wrote last year and I ran across something I had forgotten about. Allow me to plagiarize myself.
Treasury and Fed's next moves.
it's also scary that the Treasury department isn't even staffed with the worst global financial crisis since the 1930's.
of how that power might be flexed
I'm for my own country (the USA) but only a fool thinks that you can be lilitarily strong when you're economically weak
the USSR should have taught us that
I've noticed a new phenomenon. Mainstream media will report on an issue they normally black out (like this one or anything H-1b) after everyone already knows about it, and is talking about it, just so the blackout doesnt become so obvious
Even the right wingers wont touch this one, becsause it's cheap labor.
It's essential the blogousphere get this one out - this is a wooden stake to drive through the H-1b/Outsourcing industry vampire's evil heart
No diplomatic talk. He was pretty clear.
China is in driver's seat and is in position to greatly effect U.S. policy.
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