October 17, 2012 |
WASHINGTON - For months, the Obama campaign has been pounding Mitt Romney for his offshore holdings and his investments in companies that send jobs overseas. So when the subject came up during Tuesday's debate, Romney was eager to call out the president for doing the same thing. “Let me give you some advice - look at your pension,” Romney told Obama. “You also have investments in Chinese companies … You also have investments through a Caymans trust, all right?” Romney was correct, but it's difficult to draw comparisons between the two politicians' retirement accounts.
October 15, 2012 |
Venkatesh Roddam may be the world's most renowned outsourcing executive. But the 48-year-old native of Hyderabad, India, thinks conventional outsourcing is a bad idea when it comes to the movie business. Roddam, a former chief executive of a leading Indian consulting company that provided offshoring services to the pharmaceutical, finance and telecom industries, is now in charge of Reliance MediaWorks' film and media services business. The Mumbai, India, entertainment company is bulking up its business in Los Angeles; it is one of several Indian and Chinese companies that have established beachheads in California.
October 4, 2012 |
WASHINGTON -- There's a tax break for U.S. companies that move jobs overseas, President Obama said in Wednesday's presidential debate. No, there isn't, said his Republican challenger Mitt Romney. It turns out they're both right -- sort of. Here's the exchange that probably left many viewers scratching their heads. "Right now you can actually take a deduction for moving a plant overseas. I think most Americans would say that doesn't make sense," Obama said. It didn't make sense to Romney, who responded, "You said you get a deduction for getting a plant overseas.
CALIFORNIA | LOCAL
August 2, 2012 |
Faced with a $17.2-million budget shortfall, Long Beach Mayor Bob Foster called Wednesday for consolidating departments and outsourcing services, and pledged to push for pension reform against a union he called "intractable. " In releasing the city's proposed budget for the next fiscal year, Foster said that a number of positions would be eliminated through attrition but that Long Beach would still face layoffs given the stagnant economy and considerable pension costs, which officials say account for 20% of the payroll.
July 27, 2012
Re "Worries grow as health jobs go offshore," July 25 The outsourcing of nursing-related healthcare jobs is appalling. Though still in its early stages, it's easy to imagine corporate decision-makers chomping at the bit to transform the human body into a commodity subject to the same market forces as a common household object - a blender, for instance. My guess is that someday the idea of healthcare will no longer exist; instead, it will simply be considered an extended warranty.
July 25, 2012 |
After years of shipping data-processing, accounting and other back-office work abroad, some healthcare companies are starting to shift clinical services and decision-making on medical care overseas, primarily to India and the Philippines. Some of the jobs being sent abroad include so-called pre-service nursing, in which nurses at insurance firms, for example, help assess patient needs and determine treatment methods. Outsourcing such tasks goes beyond earlier steps by healthcare firms to farm out reading of X-rays and other diagnostic tests to health professionals overseas.
July 17, 2012 |
It was one of Barack Obama's best lines - and best moments - in the 2008 presidential campaign. He had said we could save as much oil as we could get from domestic drilling if everyone maintained their cars and had their tires properly inflated. Now, that was hyperbole, but when conservatives, including his opponent, Sen. John McCain, tried to turn tire gauges into a symbol of Obama's pointy-headed liberalism and the sum total of his energy plan (if only!), Obama stood his ground.
July 16, 2012 |
WASHINGTON -- Not only is President Obama not apologizing for his campaign attacks on Mitt Romney's leadership at Bain Capital, but congressional Democrats are poised to provide reinforcement by voting later this week on legislation that would end tax breaks for outsourcing. Gutting the tax break and using the money to reward companies who return operations to the U.S. were among the items on Obama's economic "to do" list to Congress. The decision by Democratic leaders in the Senate to take up the bill shows the increased coordination between the White House and the president's allies as they make a concerted push to define the political narrative heading toward November.
July 15, 2012
Re "Outsourcing's bum rap," Opinion, July 12 Michael Kinsley is right that outsourcing jobs is not necessarily bad. The problem for American workers is not the loss of jobs that pay little. The more serious problem is that we have not invested in education and training to replace those losses with jobs that pay well. The Republicans' obsession with low taxes is forcing cities to declare bankruptcy. Schools are laying off teachers and cutting instruction days. For college students, tuition increases regularly.
July 14, 2012 |
GLEN ALLEN, Va. - To Mitt Romney's assertion that President Obama should back off his criticism of Romney's work at a private equity firm, Obama on Saturday offered a blunt answer: Not likely. As the president campaigned across Virginia, he kept up the attacks on Romney's tenure at Bain Capital, accusing his Republican opponent of investing in companies that "pioneered" the practice of shipping jobs overseas. "I don't want a pioneer in outsourcing. I want some in-sourcing," Obama said as he stood, soaked, in a downpour at an outdoor rally in Glen Allen, a suburb of Richmond.