THE NEW GLOBAL WE.

Layoffs in India

Posted in Business, Questions by Harsha on January 25, 2009

With globalization, India is being affected as well. Oddly enough, the Finance Minister has stated recently that India will not be affected by the US and global recession, provided that domestic demand keeps up. I’ve not looked but quite a significant chunk of India’s GDP is in the IT & ITES sectors, so I wonder how that will hold true.

Times of India article on American Express laying off (sacking as known in India) workers.

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Futility of polls

Posted in Big Thought, Business by Harsha on March 18, 2008

If you have been living in a bubble or on Mars, you will find the CNN article as a very interesting read. I chanced on it because I was surprised to read the headline “Inflation is top economic worry”. I thought we were in a recession, but apparently it is some form of stagflation (inflation with prices going up while having jobs and economic growth in recession).

This survey of 1000+ American adults reveals some really invaluable quotes:

“86% said they are worried about jobs”

“65% said they are “very concerned” about inflation”

“unemployment concerns loom large, with 59% saying they are “very concerned””

“76% of Americans are concerned about the recent drop in the stock market”

“77% are worried about the drop in the amount off money homeowners get when they sell their houses”

BW’s Christopher Farrell has this article about how we might be talking ourselves into a recession. Really?