Latest Diablo 3 News
DiabloWiki Updates
Support the site! Become a Diablo: IncGamers PAL - Remove ads and more!

An interesting article relating to outsourcing.

Discussion in 'Off-Topic' started by Steve_Kow, Mar 22, 2004.

  1. Steve_Kow

    Steve_Kow Banned

    Joined:
    Sep 20, 2003
    Messages:
    2,860
    Likes Received:
    0
    Trophy Points:
    0
    An interesting article relating to outsourcing.

    Source


    To me, one of the most obvious "solutions" to outsourcing is to make it cheaper to do business in America, that means free trade and lower taxes for corporations.
     
  2. Talon0835

    Talon0835 IncGamers Member

    Joined:
    Nov 9, 2003
    Messages:
    221
    Likes Received:
    0
    Trophy Points:
    57
    We couldn't afford more tax cuts, even if it's for big corporations (well...especially). The thing is, outsourcing isn't used by only corporations but independent firms so that they can actually compete in their respective markets.

    By the way, I read an article in a distinguished periodical a few weeks ago which actually did state that the outsourcing rate had been slowing down but seemed likely to jump.

    BTW, I think that the "laggard" comment's funny. If Germany, France, and Canada are laggards, what's Bangladesh? :lol:
     
  3. Steel_Avatar

    Steel_Avatar IncGamers Member

    Joined:
    Jun 22, 2003
    Messages:
    3,087
    Likes Received:
    0
    Trophy Points:
    255
    It's severely short sighted. Say that Kerry is elected, and he immediately presses for some sort of legislation punishing or restricting sending jobs out of the country. And then Japan turns around and does the same thing. Oops, now you have to explain to the millions of autoworkers who just lost their jobs why going against sending jobs out of country is a good thing.
     
  4. Freemason

    Freemason Banned

    Joined:
    Feb 16, 2004
    Messages:
    3,156
    Likes Received:
    0
    Trophy Points:
    0
    Gee, look who's 'outsaucing'!
    CHIDANAND RAJGHATTA
    TIMES NEWS NETWORK [ SATURDAY, MARCH 20, 2004 10:34:24 PM ]


    John Kerry's financial fortunes may be linked to a ketchup empire, but in his political notebook, what's sauce for the goose isn't sauce for the gander. The Democratic Presidential nominee, who has been railing against outsourcing, is walking on a sticky wicket on the issue. There are outsourcing footprints all over Kerry's pristine all-American turf.

    H J Heinz & Co, the family business of Kerry and his wife Teresa, has spread its ketchup operations across the world. Of the 79 factories that the food processor owns, 57 are overseas. Heinz makes ketchup, pizza crust, baby cereal and other edibles in such countries as Poland , Venezuela , Botswana , Thailand , and most of all, China and India .

    That's not all. Campaign finance reports reviewed by the Congressional publication, The Hill, reveal that executives at 25 companies identified by CNN's Lou Dobbs as prime outsourcers have contributed more than $370,000 to Kerry's presidential campaign. Among them are executives of Citigroup (who contributed $68,250 to Kerry), Morgan Stanley (gave $38,000) and Goldman Sachs (gave $50,300).

    Direct investments and trusts controlled by Kerry list assets of $124,026 to $636,000 in companies that outsource jobs, according to his financial disclosures. Trusts held by Teresa Heinz Kerry hold at least $8.5 million in outsourcing companies. Among them are General Electric, IBM and AIG which have big operations in India and China .

    All this has led analysts to believe that Kerry's anti-outsourcing stand is just election season posturing. "Our view is that this is just a lot of political talk. Restrictive legislation will be limited, and the outsourcing trend will continue to be robust," Lehman Brothers analyst Louis Miscioscia wrote in a recent research note to investors.

    Rest of story

    Sen. Kerry won't do anything about outsourcing. His wife's fortune (and his ability to never have to actually make an honest living) depends on it. :lol:
     
  5. DurfBarian

    DurfBarian IncGamers Member

    Joined:
    Jun 22, 2003
    Messages:
    9,707
    Likes Received:
    18
    Trophy Points:
    467
    * waits for the name of a single politician who made an honest living *
     
  6. Freemason

    Freemason Banned

    Joined:
    Feb 16, 2004
    Messages:
    3,156
    Likes Received:
    0
    Trophy Points:
    0
    Pres. Carter raised peanuts. That's an honest living.
     
  7. Steve_Kow

    Steve_Kow Banned

    Joined:
    Sep 20, 2003
    Messages:
    2,860
    Likes Received:
    0
    Trophy Points:
    0
    Too bad he didn't stick at it...
     
  8. Damascus

    Damascus IncGamers Member

    Joined:
    Jun 21, 2003
    Messages:
    1,278
    Likes Received:
    0
    Trophy Points:
    120
    What exactly is an honest living?
     

Share This Page