Free Republic

For years, researchers such as Gerald Celente have been warning that the coming economic collapse is going to spark mob scenes and riots that are unprecedented in U.S. history. Many have scoffed at these predictions and have refused to believe that anything like that could ever happen in America. But if what happened on Wednesday near Atlanta is any indication, we could be on the verge of something really bad. 30,000 people turned out to pick up only 13,000 applications for government-subsidized housing. Some people had waited for over two days just to get their hands on an application. The...

US slump to prop up India as next offshoring hotspot 14 May, 2008, 0750 hrs IST,Chiranjoy Sen, TNN BANGALORE: Belt-tightening by global technology giants—a fallout of US economic slowdown—is likely to reinforce India as the most preferred offshoring destination. Top technology firms are actively moving part of their workforce from the US, UK and European markets to lower-cost destinations. They cite availability of local talent, better delivery and conducive enviroment as key offshoring reasons. While they may not admit it, firms would be looking at stepping the gas on offshoring to curb bloating costs and to lift margins. Networking and...