BACKGROUND: Off shoring – the transfer of high wage U.S. jobs to lower cost overseas locations especially in Banking Industry is enabled by improved communications technologies and driven by the desire of corporations to establish a business presence in potentially lucrative foreign markets as well as to take advantage of the lower costs of production […]
China Is Really Number Two
China’s coming on strong while our leaders chase the terrorists across the globe. Recently much international press fanfare was generated acknowledging that China had replaced Great Britain as the world’s fourth largest economy. Nobody argues nowadays that China has the highest growth rate of industrialized economics posting annual growth rates in excess of 8.5 percent […]
Hong Kong needs to recognize sacrifices of migrant workers
<p>Letter-write Mr. Kingsley Smith (The Economist, Aug. 4) wrote to praise Hong Kong for its continued economic progress. However, it has failed to recognize the thousands of domestic helpers from the Philippines and Indonesia, who somehow contributed to Hong Kong’s economic development for many decades now. Before the eyes of Hong Kong government, the migrant […]
After floods, UN urges countries to work on prevention
The recent floods that hit Europe and Asia were more than just a natural disaster, according to the UN: They are a sign of the need, from the affected countries and other potential victims, to invest more on risk-reduction, in order to prevent these disasters from taking such a heavy toll on the population, instead […]
Corrupt politicians on the gallows?
The recent execution of China’s head of the food and drug safety agency was a real eye opener for other Asian countries and elsewhere in the world to emulate. Perhaps, it also about time that laws against drug traffickers and dealers should be crafted to allow for their execution, even its against the will of […]
NRI’s contribution to sports
NRI’s contribution to sports with a teeming population of about more than a crore and being the second largest populated country in the world i often wonder why we fail even to get one gold medal in the olympics . NRI’S after being succesful in their adopted country think ways and means to improve in […]