Nortel has filed for bankruptcy. A blow for Canada. Shares fell almost 80 percent on the Toronto Stock Exchange before they recovered somewhat, if recovery is what you would call it. Trading on the NYSE was halted with the stock frozen at 32 cents US.
Archive for the '1' Category
The 37 year old man appears to have died in a fight over the playing of the Jimmy Buffett recording “Margaritaville.” No word if the fight was actually over a lost shaker of salt or a woman.
I saw this long comment posted to a question regarding small businesses in the US outsourcing all their employees in order to survive.
If they are practicising yoga in place of the foosball, I could find that a bit more acceptable. Actually, I find that at least some of this rings true in situations I;ve been party to.
Well not all the outsourcing is good enough. I am on EAD and soon have my green card. I work for the top indian IT consulting company which claims to have a robust and successful outsourcing model. We work on a 80-20 or 70-30 model where 20% or 30% of the people are here in US and rest in India. Typically billing rates for people working in US from our company is $85 per hour while that in India is $21. So indian worker seems to be costing just 1/4 of the person who is working in USA. But quality wise almost all the significant and most critical work is done by US team. They essentially have 12-14 hours kind of work day. They take the calls morning at 7:30 AM and also takes the calls starting from India at 11:30 PM onwards. Very less sleep for these onsite US team folks. And it is this US team which takes the bottomline, respnsibility and accountability of the work. Client grabs their neck for everything. While team in india has got attitude problem. As number of jobs in india are too much, they simply don’t care about the work. They come to the office at 10:00 AM and leaves by 5:00 PM. They have generous 2 hours kind of lunch and tea breaks. They have lot of extra curricular activities, games, sports, gym, yoga classes, training courses at the very good campus with free lunches. Most of these indian team members are looking for excuses for not doing any work. They simply tell these excuses-that their PC is not having enough RAM, program hangs, network cable is missing etc… and so they cannot do the work. As my company wants to increase it’s profit margins in india-they don’t mind kicking out best of breed, talented and experienced folks and rather keep people who are fresh out of college or with less than 1 yr. of experience. And of top of it, in my company-most of these people the moment they get experience of 3 yrs-they don’t want to touch coding or do any technical work. Somebody is lead, somebody is manager, junior or senior manager etc…These non-technical people increases the overhead. As a result there are very few people who are actually working. Better to say in a team of 10 folks, only two are bright and two are above average, rest are there to play plain politics, flatter their bosses and do total time pass. As client is sitting in US-they have no idea what is happening as they do monitoring very minutely. In the end, people who have to suffer are these onsite team members because they cannot afford to be lousy or those 30-40% people in offshore team who are working. When everybody is getting their share of salary why only 30-35% people work in this global outsourced project?
Obama got my hometown Fayetteville, NC into the news cycle yesterday and today because it’s there where he announced that Colin Powell had endorsed him. And some controversy, since election officials apparently opened a few early voting sites around Crown Arena where Obama had spoke.
Followup: OK, now this happened in the arena parking lot while Obama was speaking. AFAIK they could have put the voting inside the arena.
He got to eat Eastern NC style barbecue at Cape Fear Bar-B-Q on Grove Street in Fayetteville, only a few miles from Crown Arena. They don’t cook with charcoal or wood chips, I believe they must gas the hogs in the back. Anyway, it’s a good place to eat. In North Carolina you get cole slaw, hushpuppies (fried corn meal and flour dough shaped into balls or elongated pieces, often sweetened) and potato salad, boiled potatoes or fries.
Someone named Diane Fanning shouted ‘Socialist!’ in the restaurant.
As for the title of this post, I don’t know whether Obama actually ‘liked’ his barbecue. I am just making assumption.
Between a nasty as usual presidential face and a global economic crisis, not to mention that OJ as back in the news, people haven’t seen much about the impact of Ike.
OK, you didn;t like the CIti deal, $1 a share was insulting. WB stock got back to up $3, $2.50 whatever. Who knows what the bank is really worth. Pissed off shareholders were wanted, say $5 a share at least. So Wells Fargo is offering $7. Now will you approve this deal already?
The Pride of Britain awards are given to heroes who have shown extraordinary feats of courage or perserverance.
There are those people who want us to believe that today’s Britain is ruined, downtrodden, thuggish and selfish. A country made ugly by violence, drunkenness and greed.
Before you believe them, you should watch Pride of Britain.
Not just for its towering figure – but for the everyday heroes – the crime-fighting postman and the teenage cancer victim who wanted to swim a mile for his dead friend.
Watch winner after winner, and ask yourself, is Britain really broken?