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Politics : Don't Blame Me, I Voted For Kerry -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (5313)	3/6/2004 12:52:05 PM
From: ChinuSFO	Read Replies (1) \| Respond to of 81568

OK I am going to state how I understood what Kerry said during the debates. First of, he would stop providing tax breaks to companies who take jobs overseas. He would remove taxes on profits that multinational companies are holding abroad. He would require every company to disclose all the jobs that American companies intend take abroad. More later

To: Bearcatbob who wrote (5313)	3/6/2004 1:28:50 PM
From: ChinuSFO	Read Replies (1) \| Respond to of 81568

OK, I am back on a public computer in my town public library. Sorry for the abrupt end to my earlier response as I was knocked off from my computer since my time was up. For the rest of the answer to your post please redirect yourself to the following link: johnkerry.com

To: Bearcatbob who wrote (5313)	3/6/2004 3:28:53 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 81568

well isn't this interesting. GE "warning" their investors that profits are in jeopardy if offshoring is curtailed. What this says is that the things Kerry wants to do, basically force more disclosure of offshoring (disallow "hiding" the practice) as well as cut the breaks, will have an effect. GE seems worried about Kerry's ideas. If none of this mattered, as those that support Bush claim (the "nothing we can do" approach)- there would be no need for this from GE. Outsourcers are sensing the anger The US political backlash against outsourcing is making companies nervous, with Corporate America beginning this week to warn shareholders that it presents a threat to future profits. General Electric led the way Wednesday in filings with the Securities and Exchange Commission that alerted investors to the reliance of its insurance division on call centres and back-office operations in India. Criticism in Washington of offshoring has grown steadily throughout the Democratic primaries, and a number of laws are being proposed to make it harder for companies to move US jobs overseas. GE, like many multinationals, denies that a job outsourced is a job lost. And it points to its employment levels in the US, steady for 10 years. Still, it has judged the backlash serious enough to warrant an extended warning. ''The political climate in the US could change so that it would not be practical for us to use international operations centres, such as call centres,'' reads an updated prospectus. It also warns of bills recently introduced in Congress that would require employees of call centres to disclose their locations at the beginning of all phone calls. ''If enacted, this legislation could result in consumer pressure to curtail our use of low-cost operations outside the US, which could reduce the cost benefits we currently realise from using them,'' GE wrote in the filing. The rising tide of political criticism is also showing up in shareholder proposals. For the first time, GE's annual meeting is to vote on a motion filed by union activists demanding a report into the effect of outsourcing on the company's brand name and reputation. miami.com