Archive for the 'opinion' Category
Thursday, September 3rd, 2009
China’s state-owned enterprises may unilaterally terminate commodities contracts as they try to cut massive losses from financial derivatives, an industry source told Caijing on August 28.
According to the source, China’s State-owned Assets Supervision and Administration Commission (SASAC) has sent notice to six foreign financial institutions informing them that several state-owned enterprise will reserve the right to default on commodities contracts signed with those institutions.
Most investment banks may “just swallow” any losses arising from canceled contracts, the executive said, adding that any losses are usually made up for with compensating trades.
Source: Caijing.com.cn
Posted in Asia, China, FYI, Goldman Sachs, Government, Investment, Markets, Merrill Lynch, Morgan Stanley, US, banking, commodities, economy, energy, finance, oil, opinion, worldwide | No Comments »
Tuesday, September 1st, 2009
While hiring of information technology professionals will largely be flat in the 4th quarter, it appears that certain geographical regions are more optimistic about hiring, according to a survey released today by staffing firm Robert Half Technology. In the next three months, IT hiring in the New England and South Atlantic states are expected to outpace the rest of the country with CIOs in each region projecting a net increase of 4 percent in hiring.
Read full article: BusinessWeek
Posted in IT, IT consulting, US, opinion | No Comments »
Tuesday, September 1st, 2009
Indian software industry association Nasscom says the U.S. Congress should consider changing laws to allow foreign workers in the United States for a limited amount of time. The proposed visa would not lead to immigration status or permanent residency.
Read full article: eWeek.com
Posted in Government, H1B, IT, IT consulting, India, US, immigration, opinion, outsourcing, software | No Comments »
Tuesday, September 1st, 2009
According to accreditedonlinecolleges.org, there are 10 Big Ways the Recession is Hitting Higher Education:
- Budget Cuts
- Spike in Tuition
- Decline in Aid
- Decline in Endowments
- Graduating in Three Years
- More Kids Are Going Public
- Arts Programs Suffer
- Growth and Decline of Majors
- Higher Community College Enrollment
- Distance Learning is More Desirable
Read full article at accreditedonlinecolleges.org
Posted in Education, US, opinion | No Comments »
Thursday, August 20th, 2009
An index of economic indicators rose in July for a fourth straight month, in another sign that the recession is bottoming, said a report released Thursday.
The Leading Economic Index rose 0.6% in July, after a 0.8% increase the previous month, according to a report from the Conference Board, which has a membership of executives from around the world.
Source: CNNMoney
Posted in Economy rescue, US, economy, good news, opinion, worldwide | No Comments »
Tuesday, August 11th, 2009
“Chinese stock and property markets have bubbled up again. It was fueled by bank lending and inflation fear. I think that Chinese stocks and properties are 50-100% overvalued. The odds are that both will adjust in the fourth quarter. However, both might flare up again sometime next year. Fluctuating within a long bubble could be the dominant trend for the foreseeable future. The bursting will happen when the US dollar becomes strong again. The catalyst could be serious inflation that forces the Fed to raise interest rate.” - Andy Xie, former Morgan Stanley Analyst
Source: Ritholtz.com, my1510.CN
Posted in Asia, China, Investment, Markets, economy, finance, opinion | No Comments »
Friday, July 24th, 2009
“Congress has increased the cost of unskilled labor by 10.7% in the middle of the worst recession since the early 1980s. The unemployment rate is 9.5%. It is unclear how this is supposed to help the economy – unless you are Labor Secretary Solis or the Economic Policy Institute. The claim is that this will produce $5 billion in increased income and spending. One simple question – where does this $5 billion come from? ” ~ William Dunkelberg, Economics Professor, Temple University
Source: CNBC
Posted in Government, US, economy, opinion, unemployment | No Comments »
