Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (579943)	8/7/2010 9:22:49 PM
From: Brumar89	Read Replies (1) \| Respond to of 1576099

For better or worse what the HP CEO did wouldn't be a scandal in many nations. Search bing for Berlusconi naked pictures. Or consider Sarkozy who left his wife to marry a super-model and is rumored to have then fathered a child with a member of his cabinet.

To: tejek who wrote (579943)	8/7/2010 11:37:40 PM
From: i-node	4 Recommendations Read Replies (1) \| Respond to of 1576099

This is how the rich keep getting richer and richer. Disgraced HP CEO to Get About $28M in Cash, Stock Your problem, apparently, is that you consider $28 Million to be "rich". You need to set your sites a little higher, and maybe you'll not feel this hatred toward people who work harder than you do. If you think government is going to come along and GIVE you $28 Million, I don't think that will happen anytime soon. Get off your ass.

To: tejek who wrote (579943)	8/7/2010 11:48:19 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 1576099

From: Yulya 8/7/2010 5:27:21 PM of 113524 Via: Information Week: Federally-backed program aims to help outsourcers in South Asia become more fluent in areas like Java programming—and the English language. Despite President Obama’s pledge to retain more hi-tech jobs in the U.S., a federal agency run by a hand-picked Obama appointee has launched a $36 million program to train workers, including 3,000 specialists in IT and related functions, in South Asia. Following their training, the tech workers will be placed with outsourcing vendors in the region that provide offshore IT and business services to American companies looking to take advantage of the Asian subcontinent’s low labor costs. Under director Rajiv Shah, the United States Agency for International Development will partner with private outsourcers in Sri Lanka to teach workers there advanced IT skills like Enterprise Java (Java EE) programming, as well as skills in business process outsourcing and call center support. USAID will also help the trainees brush up on their English language proficiency. USAID is contributing about $10 million to the effort, while its private partners are investing roughly $26 million. “To help fill workforce gaps in BPO and IT, USAID is teaming up with leading BPO and IT/English language training companies to establish professional IT and English skills development training centers,” the U.S. Embassy in Colombo, Sri Lanka, said in a statement posted Friday on its Web site. “Courses in Business Process Outsourcing, Enterprise Java, and English Language Skills will be offered at no charge to over 3,000 under- and unemployed students who will then participate in on-the-job training schemes with private firms,” the embassy said. USAID is also partnering with Sri Lankan companies in other industries, including construction and garment manufacturing, to help create 10,000 new jobs in the country, which is still recovering from a 30-year civil war that ended in 2009. But it’s the outsourcing program that’s sure to draw the most fire from critics. While Obama acknowledged that occupations such as garment making don’t add much value to the U.S. economy, he argued relentlessly during his presidential run that lawmakers needed to do more to keep hi-tech jobs in IT, biological sciences, and green energy in the country. He also accused the Bush administration of creating tax loopholes that made it easier for U.S. companies to place work offshore in low-cost countries. In other news: The number of Americans who are receiving food stamps rose to a record 40.8 million in May as the jobless rate hovered near a 27-year high, the government reported yesterday.

To: tejek who wrote (579943)	8/8/2010 10:25:38 AM
From: bentway	Read Replies (4) \| Respond to of 1576099

This economic team has been a disaster from the start, and Larry Summers should be canned, period...Obama needs Krugman and Volcker and a few like-minded economists on his staff, and he needs to get as engaged in understanding economics as he has been in medical care. Since we started shipping manufacturing jobs overseas in the '90's (for shame, Bill Clinton) each recession has taken longer and longer for employment to recover to its previous peak level. There is a reason for this, and neither Dems nor Republicans will point it out because too many oxen would be gored; we have shipped our manufacturing overseas via NAFTA....whereas manufacturing is always the first place jobs are added in a recovery, after inventory draw-downs are complete. So now, China has almost completely recovered; South Korea has almost completely recovered. We have no way to fuel the recovery. Essentially we have shot ourselves, not only in the foot, but also perilously close to our heart. If our recovery parallels the last two recessions but from a deeper trough, it will be a decade before we recover. For shame Bill Clinton and George Bush! I was trained as an economist (Oberlin, '61), received an MBA (Northwestern '63), spent 23 years in big business rising to be a CEO, and then spent 25 years as an entrepreneur. It was apparent to me and to many others when Obama took office that his economic team was part of the problem and far too Wall Street-oriented to see the economic problem as it really was shaping up. Thus the politically cowardly and ultimately somewhat ineffectual recovery efforts at a time when imaginative and bold outside-the-box thinking was required. We will be paying a terrible price for years. Obama needs to learn that being an effective executive means continuing to have independent sources, and a willingness to change players when warranted, rather than rewarding political-corporate game-playing and faux-loyalty. By Harry Lavo Holyoke, MA August 6th, 2010 opinionator.blogs.nytimes.com