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A Job Fair For Jobs In India — In California

dcblogs writes "Indian and U.S. companies are holding a job fair at the San Jose Convention Center this weekend for jobs in India. The job fair is aimed at Indian workers in the U.S., but anyone with an interest in working overseas can attend. India is pitched as a 'sea of opportunity' in a PowerPoint presentation about the job fair. That's in contrast to another slide that makes the obvious point that the U.S. has 'barely recovered from a downturn,' with 'signs that it's headed for another.'"

51 of 309 comments (clear)

  1. Recovered? by fnj · · Score: 5, Insightful

    What the FUCK are people smoking when they say the US has "recovered" from its "downturn."

    1. Re:Recovered? by Anonymous Coward · · Score: 5, Insightful

      The "economy" will NEVER recover. It's simply too good an argument to keep wages down "because of the tough times and everybody has to sacrifice*".

      *CEOs not included

    2. Re:Recovered? by Larryish · · Score: 4, Insightful

      "Sea of Opportunity"?

      More like "Sea of Things I Don't Have Antibodies For".

    3. Re:Recovered? by Anonymous Coward · · Score: 2, Insightful

      By the methods economists have traditionally used people aren't really important, at least not directly. A "recession" is when there's negative overall economic growth. We're in positive territory now, and have been for a while. To these economists, that's "recovery." The assumption, which has been somewhat true in the past, is that eventually employment will begin to rise. That assumption may not be true this time. Or, at minimum, it may take much longer for employment to rise, and there may be some people who can never find a job.

      Things may have changed fundamentally this time, and we need to do something about it. First, let's all stop listening to Ron Paul. He means well, but he's living in a previous century. ( the 19th) Second, we need new definitions for "recession" and "recovery."

    4. Re:Recovered? by Anonymous Coward · · Score: 3, Funny

      Well, to be fair, that statement is really intended for the illegal aliens (mostly from Mexico) that they are trying to get to go to India and take jobs from the folks in India.

    5. Re:Recovered? by bryan1945 · · Score: 4, Insightful

      Need new terms for a lot of things. When unemployment goes up less than expected, that's an "improvement." When less people file for unemployment one month to the next, that's an "improvement." When cutting the *increase* of the budget, that's "saving money."
      UGH.

      --
      Vote monkeys into Congress. They are cheaper and more trustworthy.
    6. Re:Recovered? by chrb · · Score: 4, Informative

      Did Obama ever actually claim "the economy has recovered"?

      Anyway, it's all about how you define "recovered" - some economists argued that the economy had "recovered" once it showed 3 months of consecutive growth. See this businessinsider article for an example of that usage. The man on the street may well argue that "recovered" means the jobless % returns to previous levels, but others are arguing that may not happen at all in the "jobless recovery". So, by what metric is "recovered" measured? Profitability? Employment? CEO salaries? Salaries for everyone else? Economic growth? Consumption? House sales? The deficit? And over what time period is this metric to be measured?

    7. Re:Recovered? by overunderunderdone · · Score: 4, Interesting

      You're complaining that the definition of technical terms ("recession" and "recovery") having to do with one thing (economic growth) aren't a about another related thing (employment). There are already other terms that address the issue you think economists are missing (unemployment, underemployment, job growth etc.). And there's even qualifiers you might notice economists attach to terms like recovery, for instance "weak recovery" or "slow recovery" to describe exactly the situation we're in, a recovery that's too slow to add many of the lost jobs back.

      An economy is a complicated thing with lots of moving parts. Dumbing down the vocabulary used to describe those parts to accommodate the ignorant it unlikely to help much. "Recovery" even qualified as "weak recovery" may sound too positive to people when it describes a situation with persistent high unemployment. On the other hand it's certainly more positive than the alternative.

    8. Re:Recovered? by jrminter · · Score: 5, Insightful

      It is technically true that the economy has recovered because the GDP measure is terribly flawed. it is defined as:

      GDP = private consumption + gross investment + government spending + (exports - imports)

      Note that no distinction is made for government spending financed by tax revenue and that financed by borrowing. In his book, "Leverage" (p. 81), Karl Denninger has analyzed the official GDP data from the BEA GDP Series and debt from the Treasury's "Debt to the penny" source and has shown that when government deficit spending is removed from GDP, there has been essentially no growth in the past 30 years. This is why most of our wages have grown very slowly. The problem is that we have spent our way into a very deep hole that no matter what we do there will be a massive contraction in nominal GDP - a real depression. This is unavoidable. However, digging a deeper hole with with more debt will only make the eventual pain worse.

      What we have here is an economy based on the foolish presumption that we can survive when our income and expenses are two diverging exponential functions. Our expenses have been growing much more rapidly than our income and it has all been financed with debt. This debt was used to fund immediate consumption, not to produce the means of generating more income. This is not sustainable for an individual family and is not sustainable for a nation. We now see both Greece and Italy on the verge of collapse. The US is just as vulnerable. The math says there is no doubt there will be a crash. It is only a matter of "when." We do not have the national political will to have an adult conversation about this and plan and carry out the triage approach to spending that will be required to turn this around. The best an individual can do is get out of personal debt and make preparations to survive a nasty situation.

    9. Re:Recovered? by Pinky's+Brain · · Score: 2

      We're only stuck because of the neoliberal/globalist blinders we have on ... we need to stop caring about global competitiveness, it won't guarantee full employment either. If we really try to compete with the Chinese who the hell is going to consume any way, austerity is necessary ... but it's not sufficient. We need austerity so our economies can become relatively self sufficient (trade balance) giving us the room to rebalance them towards greater overall employment (even if it comes at a hit to efficiency, ie. work week reduction). We don't need austerity so our economies can become competitive, that race to the bottom goes off a deep cliff.

    10. Re:Recovered? by tomhudson · · Score: 2

      Tons of activity in social media

      ... most of it doomed to never make a profit.

      Social media is a bubble, same as the previous tech bubble, same as the education bubble, same as the stock bubbles, same as the group buying sites bubble, same as the "cloud" bubble. If it fails, it loses money, and if it succeeds, it quickly becomes commoditized and goes from profitable to barely breaking even. It's not like past industries where there were significant barriers of entry.

    11. Re:Recovered? by MechaShiva · · Score: 2, Funny

      I'm sick of all the liberal Bush bashing. Let's get one thing straight - Bush never smoked anything. He was a coke head.

      --
      After calming me down with some orange slices and some fetal spooning, E.T. revealed to me his singular purpose.
    12. Re:Recovered? by lexsird · · Score: 2

      Not to throw gas on the fire, but both sides practice this. Observe Ann Coulter who literally demonizes liberals in her book "Demonic". Listen to "hate radio" in the daytime ran by the usual perpetrators, and you will get a major dose of it. Here's a mental exercise for you. Every time you hear the term "liberal" and it being used by the right, substitute it mentally for "Jews", and see if you see a parallel in history. If you find that disturbing do a quick google of the term fascism and compare and contrast the rise of it in history.

      --
      Take the Red Pill.
  2. Next by Anonymous Coward · · Score: 5, Funny

    Indian users complaining about the bad English of all those US based call centers.

    1. Re:Next by wisnoskij · · Score: 2

      But there is a difference with India as a whole and your little Americonized section of it.
      Using statistics you can easily deduce that only 10% of the population speaks English and all of them know another Indian language making it quite far down the list in potential universal languages in India.

      --
      Troll is not a replacement for I disagree.
  3. Comment removed by account_deleted · · Score: 5, Interesting

    Comment removed based on user account deletion

  4. I think you may be confused by Sycraft-fu · · Score: 4, Informative

    I've not heard anyone say the US has recovered, what I've heard is that the recession is over and that is correct. A recession is a period where the economy shrinks. The US economy is no long shrinking, and has not been for some time now. However it has not been growing fast at all, and it shrunk quite a bit during the last recession, meaning that the economy is still quite far off its peak.

    So it is not "recovered" as in back to or above its pre peak level, but it is no longer in a recession, though there is worry it could fall in to another one.

    1. Re:I think you may be confused by Sycraft-fu · · Score: 4, Insightful

      If you think this is a great depression I suggest you go talk to someone who lived through the real great depression so they can slap you upside the head and explain to you the vast, vast, differences.

      Oh and by your measure, there is still growth. The US has a very low population growth, as do most industrialized nations. It is higher than many other industrial nations (some of which have negative growth rates) but it still only 0.9% annually. In 2010, the GDP growth was 2.9%.

    2. Re:I think you may be confused by pwizard2 · · Score: 3, Funny

      If you think this is a great depression I suggest you go talk to someone who lived through the real great depression so they can slap you upside the head and explain to you the vast, vast, differences.

      I talked to someone who was around back then and he said that things are actually worse. Today, people don't know how to hunt or farm like they did back then.

      --
      "It is a denial of justice not to stretch out a helping hand to the fallen; that is the common right of humanity."
  5. Um, there are lots of these by antifoidulus · · Score: 3, Informative

    There are job fairs for jobs in Japan in the US, MIT does one for jobs in Europe, etc. Nothing all that unique about doing one for India.

    1. Re:Um, there are lots of these by funkatron · · Score: 3, Insightful

      It's a sign of economic growth in India that recruiting from the US is now a possibility. A couple of decades ago there weren't many jobs out there that would be attractive to Americans.

      --
      "Welcome to our world. We are the wasted youth. And we are the future too." Yes, I know these are stupid lyrics.
  6. Re:I Work With Indian Talent by msobkow · · Score: 4, Interesting

    Unfortunately my experience has been largely negative. It's clear that some of the so-called universities attended by Indian students are paper mills that don't do a decent job of educating them about programming.

    There's also a cultural issue. For some reason, many of those I've worked with can't or won't search for internet howto's and help instructions on their own, though they'll follow those instructions if a senior developer sends them a link.

    Obviously I've worked with a lot of good Indian developers as well, but there are clearly some cultural differences that can cause friction and frustration.

    --
    I do not fail; I succeed at finding out what does not work.
  7. Wage War in India by That_Dan_Guy · · Score: 4, Interesting

    You are more right than you know actually. I work for an Indian outsource company. I was outsourced 3+ years ago. I talk to a lot of the guys over there and from over there. These companies now pay their people the same to stay in India as to come to the US. They used to pay them a lot more to come here. But in the last year or more there has been a pretty major wage war as the different India tech companies pilfer talent from each other at an alarming rate. It has led to a lot of turnover.

    But then, I've been approached by recruiters here who want to pay me more than I get now. They are just desperate to oversell my skills (fine, unless they oversell to the point the client thinks they're getting a triple CCIE when they're only getting a CCNP/MCSE), and I currently have the best schedule ever being able to work from home anytime I want. If only I didn't have kids I could be making 30% more than I am now.

    1. Re:Wage War in India by Anonymous Coward · · Score: 2, Informative

      >> If only I didn't have kids I could be making 30% more than I am now.

      And keeping 70% more of it!

  8. Best two years of my career by java_dev · · Score: 3, Interesting

    I lved in India with my family setting up some engineering teams. Best two years of my career... but also the most challenging, simply because you have no idea how hard it is to adjust to living in a foreign culture until you have to do it.

    Of course, if you have a crappy boss, it'll completely suck - like anywhere else..

  9. So? by Weezul · · Score: 4, Insightful

    We invented languages like PHP and VB because we need many poorly skilled developers for drudge work. If you don't do brain dead easy work, then don't hire people trained for brain dead easy development.

    There are *many* shitty universities inside the U.S. too, heck fraudulent education is a growth industry. You'd never hire developers from University of Phoenix though, simply because you already know they suck. Did you ever try asking your skilled Indian colleges which Indian universities are actually good?

    --
    The Christian religion has been and still is the principal enemy of moral progress in the world. -- Bertrand Russell
  10. Re:Can you handle the truth? by roman_mir · · Score: 2

    Yes, industrial revolution. The best thing that the free markets did for the people - allowing the people to be more productive by efficiently organizing land, capital and labor to increase productivity to the point, where under 5% of population could actually feed 100% of it. Allowing hundreds of people to work in factories manufacturing all sorts of products that would have taken tens or hundreds of thousands of people to produce purely by hand before that time.

    Making the workers so efficient and productive that they didn't have to work 15 hours a day to feed themselves, but instead allowing a man to feed his family on his own income, eventually allowing the children not to go to work at a very young age as they have always done until the industrial revolution. Allowing the women to have to be baby factories to prop up subsistence farming to support the aging parents and thus shifting the role of women in society, actually allowing them to be free. Actually allowing the productivity of a free worker to become much higher of than that of a slave worker (slavery is very inefficient, it requires taking care of people's living and health and food, it's expensive, much more expensive than to hire people).

    All those terrible things, like Ford being regulated by the MARKET, doubling the pay of his employees to reduce turn over, allowing them to buy the product they were working on with 4 months of salary, bringing down their working hours to 8 only and their working days to 5 in a week, paying them double what anybody else was, hiring the disabled people nobody else wanted, all because of that terrible industrial revolution, which increased the productivity so much, that even a partially disabled person could work on an assembly line building cars. Oh, incidentally he doubled his production capacity within a year after implementing those changes, paying his workers equivalent of 1.25 ounces of gold a week, which in todays prices is about 2200 USD or over 110K a year. That's without income taxes, that's without SS or Medicare. That's with those workers being able to support a family with a stay at home wife, 5-6 kids, paying for everything (health/education/pension) out of pocket and no debt.

    Yes, the terrible industrial revolution, which only was the most innovative and inventive time in history, which allowed the US become the biggest creditor nation, biggest producer of high quality cheap goods nation on the planet.

    Terrible thing of-course.

  11. Re:Can you handle the truth? by roman_mir · · Score: 2

    Are you telling me there is a difference between your parties and between your candidates? Are you telling me that Clinton was any better than any of the Bushes or Reagan?

    Why? Is it all the wars he went into? Is it the US debt refinancing with variable rate short term borrowing? Is it the bubble that was inflated during his time by the traitorous Greenspan's policy of taking price of money down to 1%? Was it NAFTA maybe? Maybe it was the increase in drug war spending?

    But I am not protecting any party, they are all corrupt.

    Nixon took the world off the gold standard - that's the last beginning of the destruction of US economy. Of-course all the previous destruction (Fed, IRS, FDIC, SS, Medicare,) didn't help. The wars didn't hep. The education dep't and all the loans didn't help.

    Obama just pust 1Trillion dollars on the US Treasury books (liability side). Single handedly, like a Boss.

    No. None of that works. The only real change can come from people understanding that the government is not supposed to be involved in business regulations, loans, labor, economy, price setting, interest rates, money printing, education, health, insurances of any kind.

    All of those things are moral hazards. All of those things end up growing the gov't and destroying the money and the economy and turning you into slaves.

  12. Re:Can you handle the truth? by Pinky's+Brain · · Score: 4, Interesting

    If the US is Marxist/Keyenesian then why hasn't the Gini coefficient gone down? Sweden and Denmark might be called a Marxist/Keynesian fusion, but most of the west is crony capitalist.

  13. Re:Can you handle the truth? by overunderunderdone · · Score: 3, Insightful

    What both you and the OP are missing is that there is a balance between costs and benefits. He is looking only at the costs of those protections, you are looking only at the benefits. I'll disagree with the OP and say that many of those protections are necessary and ultimately beneficial, but realizing that they have very real costs. On the other hand a great many of those protections are NOT worth the cost. If you assert that they are worth the costs you have no standing to complain when the bill comes due in the form of a slower economy and persistent high unemployment.

    On thing to remember when evaluating those costs. It's not usually the big bad corporations, the villains of the morality play that usually bear those costs. They have the resources to comply with the regulations and in many cases welcome them as a barrier to entry protecting them from competition. The law preventing BigFoodCo, Inc. from poisoning children (like they really want) is at worst a minor inconvenience to BigFoodCo. They do what's required, file the paperwork, raise the price of milk by a few pennies and turn to some other scheme to fulfill their goal of poisoning children. The people who bear the cost are potential entrepreneurs who look at the costs and decide it's not worth it. Or those that go for it but end up bankrupt because the costs of compliance were too high. Or, those who don't comply and get caught like organic coops and Amish farmers raided by the police and FDA for selling raw milk to the tree hugging hippies who want it. Note that in the California case selling raw milk is legal, but they didn't have all the proper paperwork filed.

  14. Re:Good riddance to smelly rubbish by tomhudson · · Score: 2, Funny

    We've got one of those. His English is incomprehensible, his personal hygiene is non-existent and his work ethic is nil: He pawns his work off on others whenever he can and points fingers at others for his mistakes.

    Management hasn't done anything, despite complaints: The stench of ...body odor and (when speaking to him) halitosis is nauseating.

    You work with RMS?

  15. Re:Can you handle the truth? by Pinky's+Brain · · Score: 4, Insightful

    So if not the EPA who is going to regulate ... you can say they do more harm than good, but we have plenty of object lessons in third world countries of free market inspired environmental destruction to say that some government agency has to keep the externalities under control. Maybe market forces could be incorporated more, but someone still needs to make the regulations and police them.

    A factory owner will never have a contract with every person on the planet breathing the air he pollutes, contract law can't solve everything ...

  16. flamebait on slashdot? OK! by sgt+scrub · · Score: 3, Insightful

    Globalism is failing because of a lack of minimum wage. Rich Republican cock suckers don't give a shit about one countries economy. All it means is wages drop in yet another country and the value of their investments in the global stock market go up. You dumb ass wrong wing radio listening morons can keep regurgitating bullshit from your born again bigot spin doctors or join the fight. Either watch the lying bastards suck down fat paychecks while leading you into the land of indentured servitude while the rest of us "liberals" fight from the land of reality or get a fucking clue. Vote for Perry. He knows how to hand the keys to corporations in other countries while the people that live in his state fall further into abject poverty. Globalism is going to happen whether we like it or not. The way we don't want it to happen, without something to level the playing field ie. minimum wages and expectations, is the way it is happening. Controlling how it happens is up to us people that work for a living, aka "liberals".

    --
    Having to work for a living is the root of all evil.
    1. Re:flamebait on slashdot? OK! by roman_mir · · Score: 2

      No, minimum wage only outlaws some people from working.

      NOBODY can FORCE me to hire someone, who is not producing more than minimum wage worth of value after all of the expenses for a higher than minimum wage salary.

      If you hire a person, that person has to produce enough value to offset the cost of hiring, all of the associated expenses and he has to produce some profit.

      So if somebody produces 6 dollars worth of revenue and he costs say 5 dollars, then the 1 dollar is profit. If the minimum wage is 7.25, then by hiring that person at that wage instead of generating 1 dollar worth of profit you generate 1.25 loss.

      It makes no sense to hire somebody (unless you are a government), who costs your business money and generates a loss (well, there are instances where it may be a strategic hiring, something special, used to create a tax deduction or something).

      But basically by setting minimum wage you outprice some people from the market.

      If the entire world set a minimum wage of say 10 dollars per hour, then the result would be massive unemployment everywhere, as those people who were making under that amount and who are not producing enough revenue to cover and make some profit would all be fired.

      Nobody can FORCE a company to hire somebody and nobody can force a company to hire somebody to make a loss. That's just weird misunderstanding of how economy works and why people start businesses.

      In your world the total unemployment would be on the order of 30% total throughout the entire world.

    2. Re:flamebait on slashdot? OK! by cdrguru · · Score: 2

      Only if the minimum wage is universally enforced. If it isn't and one country has it and another one does not then it is meaningless.

      Same thing goes if the US were to have a trade agreement with China, India or Chad that workers had to be paid $10 an hour. A French company could go in, get the goods produced with workers being paid $0.30 an hour and ship them to the US - there would be nothing wrong with that and it would not violate any trade agreements.

      You see, if there is a possibility of arbitrage it will happen. You can't stop it without having one set of rules that equally applies the world over. Which means no more soverign governments - one world, one government, one set of rules. Of course in today's world that is absurd, right?

      Except the "99%" might just decide it would be fun to try and vote it in. The fact that it would actually be unworkable long-term is meaningless to a mob and what we have today is a mob struggling mightily for mob rule.

  17. Re:Work visa by sgt+scrub · · Score: 2

    They are looking for Indians to go back and run projects for them so they don't have to pay an agency that handles management. It is cheaper to send someone back and set them up with a $7/h crew.

    --
    Having to work for a living is the root of all evil.
  18. Re:Can you handle the truth? by theskipper · · Score: 2

    Are you saying that no government regulation was necessary during that period? For example, without the Pure Food and Drug Act, the meat industry would have naturally corrected itself based on market forces? Pardon the pun, but it seems difficult to swallow after what was (eventually) proven true in Sinclair's The Jungle.

    Whether the FDA and other agencies have grown too large is a different issue. Some regulation will always be necessary because the basis of capitalism is growing profit by any means necessary. Having regulations changes that to "by any legal means necessary".

  19. There have been China job fairs for years by erice · · Score: 3, Interesting

    Periodic fairs for jobs in China have been held in the SF Bay Area going back to at least early 2009 so this is nothing all that new. The Chinese jobs usually required fluent Mandarin. The Indian jobs might be more approachable for non-Indians since English is the language of the educated class. Not that it matters much to me. I traveled in India for six months and while it is a fascinating place to visit, I don't want to live there.

  20. Re:Can you handle the truth? by cjb658 · · Score: 2

    When are we going to start requiring congressmen to take basic economics before serving office?

  21. Re:Can you handle the truth? by roman_mir · · Score: 2

    That is why Democrats print so much money, it is the best way to steal from the rich.

    - out of all the other stuff, I just want to bring out the point, that in reality the inflation tax hits the poor much harder than the rich.

    The rich can shift money from asset class to asset class, sure some get hit with inflation, but the only people actually suffering from real rising prices that result from expansionary monetary base are the poor, who have to spend more and more of their fixed income on the same basket of goods.

  22. Re:Can you handle the truth? by Anonymous Coward · · Score: 4, Insightful

    Yep, the classic mo-Ron philosophy. Ron Paul has zero grasp of economics, much less foreign affairs.

    Lets say he and the tea baggers win. He pulls the military off the South Korean DMZ, the Navy aircraft carrier groups mothballed, and out of Pacific waters. Great cost savings. Come a few days later, Kim has invaded Seoul. China still has a grudge against Japan so their carrier fleet now is menacing that country. Taiwan becomes red. Now the West is in deeper shit because 1/3 of the total manufacturing capacity we have is now controlled by hostile countries or destroyed.

    Ron pulls out of the Middle East leaving any allies (Israel, UAE, Saudi Arabia) to their own devices. Iran starts striking Tel Aviv with rockets, Israel retaliates with nukes, but gets overwhelmed by every country in the region swarming them. Countries friendly to the west or at least not hostile (UAE, Saudi Arabia, Turkey) now have a bloodthirsty mob. Now, nuclear terrorism is going to be a primary threat to the world as a region-wide caliphate expands to threaten Spain and western Europe.

    Ron pulls funding from hospitals, Social Security, and Medicare. Now hospitals and charity organizations have to take care of the sick, and we are back to poorhouses that are like African AIDS clinics where a drink of water, much less an IV of useful medication is a rare thing.

    Ron sells off government land. Great money maker. Now Yellowstone Park is a privately run resort, with multiple golf courses in between the geysers. The parts of the park that just have animals running around are turned into ranches and deer leases.

    The land that isn't turned into resorts gets logged. Ron Paul has been an enemy of the Clean Air Act, the Clean Water Act and the EPA in general. Can't have people living in a country without acid rain.

    So, after a while, the US starts looking like a post apocalyptic hellscape, even though the economy went up for a bit. Any areas that had old growth forests are gone, other land becomes toxic waste pits due to strip mining and contaminated water tables. Classic farmland gets taken away from families and handed to big agribusiness. Soon, the US doesn't even have the ability to feed itself (think the Irish Potato Famine where there was plenty of food, but England took it all.)

    Don't forget Ron Paul's stance on national security (or lack of one). Once his defunding policies take hold, the drug cartels wouldn't just be a border menace, but would be happy to set up shop in cities, just like the mafia did. I'm sure local businesses would love to be paying an additional protection payment to the Spanish speaking people with the teardrop tattoos in most US cities.

    Wow, what a utopia! I wonder how many people would love to live in a place with no national parks, lead in the water, a nuclear threat from foreign combatants whom we have no intel on due to no troops in the area. Any useful resources (rare earths), we will have to beg a Chinese-Russian coalition for. Of course, national security will be shit because the Army doesn't have enough boots to keep order when some town gets nuked.

    I sure want to raise my kids in a country where I have to pay for a symbol on my house so the FD would come, a transponder on my wrist so an ambulance would actually stop, and where I had to pay the police to investigate a crime a la Heavy Metal. Schools? Screw that. The kids can have the luxury of working on farms as migrant workers, mines, or spend their lives in jails if they can't get work. Keeping people in prison for life helps private corrections, so that is important for US business. Literacy? Being able to read a contract and refuse signing is anti-business. Have to stamp that out.

    Ron Paul's version of the US is a country full of robber barons worse than Carnegie and Frick. At least they left concert halls and foundations behind. Modern day CEOs leave nothing behind.

    Ron Paul appeals to those who have failed economics, civics, and government in high school. I have yet to see someone who has any form of formal education champion his crap.

  23. Definitely Qualifies as The Great Depression Redux by tomhudson · · Score: 4, Interesting

    First, Take out the REAL inflation numbers, and GDP was negative.

    Second, the only reason that this depression isn't having the same "misery index" as the first one is because of the greater safety net, and because we caught a lucky break with the weather. Without unemployment insurance and welfare, and the dust-bowl conditions of the 30s, it would already be just as bad as the first one.

    The "real" unemployment rate - when you take into account those who are heaping on debt by staying in school because they can't find a job, those who have given up, etc. (the U6 measure), and we're into the same range as the Great Depression. The real rate of unemployment in California, for example, is now 20%. Another 5% and it will be equal to the peak in 1933 ... and it's heading there, as cities and states struggle with their own ongoing debt crisis.

    There's almost 50 million people on food stamps. And housing is now already officially worse than the great depression (and it's going to get wors)

    It's official: The housing crisis that began in 2006 and has recently entered a double dip is now worse than the Great Depression.

    Prices have fallen some 33 percent since the market began its collapse, greater than the 31 percent fall that began in the late 1920s and culminated in the early 1930s, according to Case-Shiller data.

    Half of all homes now have a mortgage that makes them unsellable - if there is equity left, it's not sufficient to cover the additional costs of the sale (real estate commission fees, etc). Strategic default is a problem, but another problem is that, without jobs (or only part-time or low-paying jobs), even people whose mortgages are now "ok" are in trouble.

    The fact is that any rise in GDP is not being seen by the workers, and hasn't been for more than a decade. Ask anyone who's had to take a major pay cut, or simply can't find a job because for every opening, there are 100 or 1,000 applicants.

  24. Re:Can you handle the truth? by perrin · · Score: 2

    Sweden has no oil. You must be thinking about Norway.

    As for being on a right track, the current craze of de-regulation does not seem to be helping anything.

  25. Re:Can you handle the truth? by roman_mir · · Score: 4, Interesting

    Yep, the classic mo-Ron philosophy. Ron Paul has zero grasp of economics, much less foreign affairs.

    - yet he is the only person in gov't who understands enough of it to build up a portfolio, with minimum gains of 300% and maximum gains of 2000% based on his ... 'misunderstanding'?

    He pulls the military off the South Korean DMZ, the Navy aircraft carrier groups mothballed, and out of Pacific waters. Great cost savings. Come a few days later, Kim has invaded Seoul.

    - first of all, yes that's a real cost saving, because USA has no money.

    Secondly, South Korea is plenty capable of protecting itself. In any case it's non of US's business.

    China still has a grudge against Japan so their carrier fleet now is menacing that country.

    - all that China needs to do in fact for US to stop its militarism is to stop funding it.

    Seconly, Japan is plenty capable of protecting itself.
    Thirdly, Chinese rather trade with Japan than fight a war.
    Lastly, it's none of US's business.

    Taiwan becomes red.

    - right. Why don't you attack them preemptively? The failed Vietnam war shows just how misguided the approach of proliferating the 'righteousness' of US ideals is, and now USA is trading with Vietnam.

    Now the West is in deeper shit because 1/3 of the total manufacturing capacity we have is now controlled by hostile countries or destroyed.

    - maybe it's good for the West. It now will have a perfect reason not to pay the debts back and to re-invent its own productive capacity. There you go - instant jobs.

    Ron pulls out of the Middle East leaving any allies (Israel, UAE, Saudi Arabia) to their own devices.

    - terrorist attacks against USA stop. USA stops funding people that caused 9/11 (with money stolen via inflation and borrowed from China). That's just terrible.

    Iran starts striking Tel Aviv with rockets, Israel retaliates with nukes, but gets overwhelmed by every country in the region swarming them.

    - Israel has over 300 nukes. USA has nukes as well, if anybody attacks Israel with nukes it will immediately destroy the opponent and I am sure that Ron Paul would go to CONGRESS and ask the AMERICAN PEOPLE if they are willing to DECLARE A WAR.

    What a fucking amazing concept, Anonymous Coward, isn't it? Who are you, Dick Cheney? How is bloodsucking going for you, you heartless prick?

    Countries friendly to the west or at least not hostile (UAE, Saudi Arabia, Turkey) now have a bloodthirsty mob.

    - Way to mix Saudi Arabia and Turkey into one crowd of 'non-hostile' or 'friendly' countries.

    Again, 9/11 was FUNDED by Saudis, you fucking shit.

    Now, nuclear terrorism is going to be a primary threat to the world as a region-wide caliphate expands to threaten Spain and western Europe.

    - no no, you are Bill O'Reilly, aren't you?

    Ron pulls funding from hospitals, Social Security, and Medicare.

    - unfortunately that's not his platform, so you are a lying (what else is new).

    Now hospitals and charity organizations have to take care of the sick, and we are back to poorhouses that are like African AIDS clinics where a drink of water, much less an IV of useful medication is a rare thing.

    - More Bill O'Reilly.

    Ron sells off government land. Great money maker.

    - BETTER than the status quo, where the coal and gas and oil are extracted from these lands without ANY payments of any royalties. That, of-course, and all the moral hazards of the government setting liability caps and limitations while sniffing crack off toaster ovens and fucking with the company's executives.

    Now Yellowstone Park is a privately run re

  26. Re:Good riddance to smelly rubbish by TheRaven64 · · Score: 2

    A race? No. An educational system? Absolutely! There seems to be something badly wrong with teaching in India. There is a huge difference in quality between students I've taught who went to school in India and those who went to school elsewhere. It can't be genetic, because the ones educated out of India seem to have the same spread of abilities as everyone else.

    It seems that Indian education teaches you to memorise a large problem-to-solution map, and if the problem is not an entry in that map then it doesn't teach them to think. As far as I can tell, thinking seems to be actively discouraged. It's not that they're stupid, they just seem to have been conditioned not to apply thought to problem solving. It's really painful trying to teach them - they know all of the steps to solve a problem, they know how to fit them together, but something seems to prevent them from doing it. Fortunately, it doesn't seem to be permanent brain damage, because after you've slowly and painfully gone through a few things, they eventually realise that they do know how to think and that they won't get into trouble if they do.

    --
    I am TheRaven on Soylent News
  27. Indians returning to India is old news by stewartm0205 · · Score: 3, Insightful

    Indians returning to India is old news. Not all Indians who come to America stay. Many return because they get home sick or they can't adjust. Many also return to India because they can get a better deal in India. For the same set of skills they can live better in India.

  28. Re:Can you handle the truth? by khallow · · Score: 2

    So you're seriously saying that a race to the bottom is a good idea?

    I'm just saying that it will happen. But we can get a better outcome if we don't wriggle on the hook for a decade or two.

    It would be tolerable to work for less if the cost of living decreased in proportion to wages, but it hasn't.

    Here's an example of the wriggling on the hook, I was talking about. Rather than let housing prices decline to their true values, society has tried with various stupid ideas to prop up the value of housing. It won't work in the long run except to cause a lot of pain.

    The recession only ended if you were rich enough to get a government bailout. You can't have a functional economy when most of the working people have very little money. The occupy movement is just the beginning. Things are going to get bad if this keeps up.

    The worst thing that could happen here is if the Occupy movement ever becomes credible. Sure it sucks, if you don't have wealth, but the reason the wealthier are that way is because labor is declining in value. Destroying the value of other parts of society, such as capital or knowledge, isn't going to help.

  29. Re:Can you handle the truth? by Pinky's+Brain · · Score: 2

    The problem for most of the "socialist" world is that they don't have oil ... they require austerity for that simple fact ... no amount of capital,free marketets or deregulation will fix that nearly every facet the productive economy is dependent on oil. They can only produce luxuries while other countries sell them necessities, a poor position to be in. Redistributionism or social darwinism are really orthogonal issues to that of the real problem of the modern world ... peak oil (it doesn't matter if peak oil isn't global).

    You didn't answer my question though ... if the US is Marxist/Keyensian why hasn't the Gini coefficient gone down?

  30. Re:I Work With Indian Talent by perryizgr8 · · Score: 2

    cs in indian universities is a huge joke. hell, even other engineering degrees are usually shit. they don't tell you anything about the person than the fact that this guy can work real hard and follow orders. that's the way it is here, i'm afraid. for eg, i'm studying electronics in an indian university (its one of the better ones), and i know more and have more experience in programming than most of the cs faculty here.
    i dunno what kind of an issue this is. people here (in my uni) are very smart, they do exceedingly well when they do something on their own (for eg, our uni was in teh top 13 list of colleges in the world that added most number of students to gsoc 2011), but anything course related is just neglected until the last moment. also, there is a severe lack of good teachers. anybody who is any good is out there actually doing stuff.

    --
    Wealth is the gift that keeps on giving.
  31. Re:Let's compare the US to India, shouldn't we? by luis_a_espinal · · Score: 2

    So according to a two American political organizations, US is among the top countries chosen by being favorable to American companies? Stop the presses!

    Regardless of the messenger's origin, the message describing the disparities between the US and India is still true. Talk to any random Indian living permanently in the US or in Canada, or Germany, or Japan. They love their country and the relatives they left behind, but they'll tell you that this is true, and that they have chosen to stay abroad permanently so that their children do not grow and/or get educated there because of those disparities.

    Economics is not the only factor middle-class, college educated Indians leave their country. Ideological disagreements with the cultural status quo in India is a great motivator for many as well.

  32. Re:Let's compare the US to India, shouldn't we? by Alex+Belits · · Score: 2

    I am all too familiar with immigrants spending the rest of their lives trying to convince themselves that moving to US improved their lives. Most of them are full of shit.

    --
    Contrary to the popular belief, there indeed is no God.