Money cannot make money. need some work to done to make it grow. But the stupid American financial giants speculate/gamble on everything.. Media is also painting a rosy picture when the share market is up, it seems to be everything is ok. But what American conglomerates do in turns to collect the money from all over the world to pay up their illegal wars etc.
Does anybody knows when Bush started office oil prices was $20 and now $120. War is that answer.. may be one of the reason. but still nobody talking about the greed behind it.. it is not helping ordinery people in US, because you know the subprime crisis..
The newly unemployed group of Indians better stay over there. We don't want them again the same financial frauds to be happen in India too.
these so called Indians suddenly find love for India after living in US for 15-20 years. But they don't want to give up their citizenship, as they are unsure and afraid of returning to their own country of origin. They are afraid that they may not be able to deal with the pollution, family expectations, about their kids adjusting in India, etc, So they come back as Americans (with US citizenship). This is total dishonesty to their country of origin and also to the adopted country. They want to have the insurance of going back to US if there are issues. Where is the love for India? Where is the commitment to the country of their citizenship. It's a shame/
RE:Let them return as Indians and not as Americans
by bindasmind on May 18, 2008 09:16 PM
you are absolutely right, those want to go back, never complain once you make up your mind. Never compare.
RE:Let them return as Indians and not as Americans
by Ari Saja on May 18, 2008 09:55 PM
The are probably holders of Overseas Indian Citizenship. The belly-aching "Patriots" here probably don't know, or don't care, about the Constitution of India that recognizes these people as Indians. But them what does one expect of losers like these who couldn't make it either in India or the US?
"Totally honest" I suppose, in their sheer third-world pettiness?
UBS Bank is Retrenching 12000 Employees in US and Europe. Citigroup is Retrenching 15000 Employees in US and Europe. Philips is Retrenching 5000 Employees in Europe. Out of top Fortune 500 MNC's 50% are Retrenching their Employees.
We, who live in US or Canada normaly visit India 4 weeks in every 2 years (average). let's say you are 35 years old, so you will only stay in India 4 weeks*12 = a year in your entire life!!!Sensitive people will feel my point.
Hello IITians, please give your GC and US citizenship back to US..if you do not want to stay here so that other needy people can get GC early. But these darpok IITans will not do that they want to be in both the places. They just do not have confidence in themself.. Look at people like who runs americas Gas station industry, trucking industry and always committed to work here as this country has given us stability in life. In India bomb blast, rapes, murders are like routing life. Alos who says that there is no social life, we do not far better soical life here than india with plenty of indian friends, temples and sunday activities.. In india nobodys has time like that as they have to worry abt water, roti etc...when i went to india last month and invited one of my friend for dinner..he said we will come late as water comes at 7 PM...what the hell..for water..you can not reach on time..have to heard such thing in US !!!! Be careful before move to india.
RE:Give your GC and US citizenship back to US
by Loga on May 18, 2008 08:13 PM
Problems are every where same in India and US both only the impact is different. There were more four incident of Gun shootouts by Mad students in US in last 2 years in which lot of innocent died. 100's of people died in US last few year because of Tornadoes, California fire, Hurricane Katrina etc.
RE:Give your GC and US citizenship back to US
by sandeep munshi on Jun 01, 2008 09:01 PM
How many died in jaipur alone??????? Forget abt kashmir; north east ; DSP in gurgaon; farmer self immolations; gujjar strike; etc etc etc I am sure the no is more than a 1000. India cannot give life. It can only take it.
RE:Give your GC and US citizenship back to US
by My Reminiscence on May 18, 2008 08:21 PM
With your level of communication skills, you better stay here and work for Gas stations. You don't even get interview calls in India. Wake up buddy, improve your language skills...
RE:Give your GC and US citizenship back to US
by Ravi on May 19, 2008 01:22 AM
Reminiscence, How much you make...100k may be at the most 200k. You guys are like coolies... We make atleast 400$/hr for seven days a week.. This kind of money..you guys can just dream...Well I can hire 10 guys like you just to write my letters !!!!!! You looser can not have one maid at home..Think what Will work for others for the whole life like slave..Most of Indian except punjabi and gujarati..(I am not either of one though) live life like slave..work for others....
RE:Give your GC and US citizenship back to US
by Mubeen Pasha on May 18, 2008 08:27 PM
Go and look what your daughter is doing...dating and sleeping with americans thats the US way......hopeless looser the country which gave you all and now you find all bad about it....shame on you man
RE:RE:Give your GC and US citizenship back to US
by sandeep munshi on Jun 01, 2008 09:04 PM
More girls sleep in india with strangers than here now. So stop talking about indian way. That is past. India is very high on promiscous rate now.
In the US, life is difficult. You are always an outsider. Racism is on the rise. Your parents in India are growing old and you cant even be with them. When they visit the US, you cant spend time with them. You have no friends, the neighbours dont care a hoot for you, and you have to drive 10 miles to the nearest Supermarket. India's GDP (PPP) terms is about $5trillion (based on rupees' purchasing power in India), in absolute dollar terms it is about $1trillion. Thus there is a ratio of 5:1, that is the Rs is 5 times cheaper in terms of the US$, or in other words the Rs is kept artificially low. Now divide Rs. 40 by 5 and you get the figure of 8. This is the traditional Rs value to the US$. Now a person earning $200,000 in the US is actually earning 100,000 divide 5 = 20,000 x 40 = equivalent to Rs.8lacs in real terms. Hence a person earning $100,000 is not earning 50 lacs but is actually earning in real terms equivalent to Rs.8lacs or Rs.75 thousand per month. Now an IIT-Management graduate can easily get such a job in India and be with his parents, his friends and in his own country, eat his own food and be happy. That is why many Indians are coming back to India.
RE:Why IITans, many Indians are returning
by Prashant Mulay on May 18, 2008 06:16 PM
Accha...you are right. people who left India for the money are coming back for the money. But I think it is not the money that should be compared per se but what you can buy with that money. I live in Toronto and work for a financial service firm at a middle management. I make $$$ which acording to your analysis is not much greater than that in India but here is what i can buy with that; 1. 4000 Sq feet house with a nice backyard were i am thrilled to see my tulips grow in the spring 2. 2 cars...2 BMWs (1 I bought used) 3. Can come home at 6 om everyday and most of the days meet my friends for tennis. 4. After a hard week's work, my only worry is having a rain free golf play over the weekend or nice sun for the beach volley ball game or enough firends to colect for camping trip.
What do you get in midle level managemet job in India...probably comparable salary...but what does that salary buy you...
1. The same same 1200 Sq feet appartment for 80 Lacs which was quoting for 25 Lacs in 2003 before the boom. 2. You work from 8 am to 10 pm. and some times even on saturdays. 3. Buy a Toyota Camry for 22LACS??? and consider that luxuary and still dont know where to drive it.
You may make more money in India but at what cost ...where is the life style.
RE:Why IITans, many Indians are returning
by tar sha on May 18, 2008 07:01 PM
There is other side of the coin also, even when i fully agree with your assessment.
1) Domestic help (how much time you/your wife spends on chores at home). Ane believe me, that is out of compulsion and not choice. 2) Healthcare expense (atleast in US); 10000$ for insurance for family compared to 100$ in India. 3) With this salary, can you send your kid to any of top US school if s/he does not get aid). But with that money, indian counterpart can send the kid to any decent indian school. 4) And i am sure, many of us will anyway will need to go back to India after we retire as it is very difficult to stay here economically and socially after retirement.
RE:RE:Why IITans, many Indians are returning
by Global Desi on May 18, 2008 10:45 PM
HI Tar Sha... 1. We clean the house once a week. and just a few rooms...the rooms do not get that dusty anyway. Anyway domestic help is available. 2. No healthcare expense in Canada as it is covered by Govt. Dental paid by employer. 3. Most of the families which have a decent success send kids to good schools and afford it. Anyway i think kids should take their own loan and finance education. I am saving my money to travel the world. 4. It very comfortable to live after you retire if you make sensibe decisions in your life. The mortgage is paid by the time you retire and since health care is paid by Govt, your monthly expense is very low.
If I go to India, I have to worry about buying a small house at highly inflated prices. I have to worry if the Ambulance will reach on time through the traffic if i had a heart attack. And of course, why would i leave all my friends in canada and come to India. So i think people who are coming back are talking a very short term view.
RE:Why IITans, many Indians are returning
by DON on May 19, 2008 12:31 PM
Prashant Ji, Pls give your comments on Rampant racism in Canada and Europe...how many times u have been addressed rudely as --You Indian", how do you cleberate your Holi and Diwali, how u are being pushed asiode by a White or a black in Mall or subways...idiot...U will always remain an Indian, no matter where u are. Also, as for safety, pls explain the term "Dotbuster". U can enjoy many more flowers than tulips in India, you can own a farmhouse in India, which you can never dream in Canada, U can buy a car in India which is appropraite for the conditions, and is easily mainitainable, and your tennis is peanuts, against the Golf, where memebership is cheapest from anywhere in the world. Even the scotch is cheapest in India to enjoy. Probably you too learn about India, from Internet sites, or the travel books on India, ironically written by some petty foreign traveller.
RE:Why IITans, many Indians are returning
by sandeep munshi on Jun 01, 2008 09:10 PM
I have lived in canada for 6 yrs now and have never been called "you indian". In india I lived for 30 yers and have been called "dirty hindu" in kashmir ; "bloody kashmiri" in jammu. "bloody north Indian in South(bangalore" etc etc.Go talk to those Biharis whose taxis were burnt in Mumbai. Nobody burnt my car here due to the fact that I am an indian,Think about itand then talk what you r talking abt. You don't know shit abt racism. the worst racism happens in india in the name of caste ; language; religion everything.
RE:Why IITans, many Indians are returning
by tar sha on May 18, 2008 10:17 PM
Buddy, PPP does not take into consideration savings which are still multiplied by 40; and i am sure many indians in US atleast save 30% of the gross income.
Also, basket of goods in PPP is very basic. You dont spend more than 15-20% of your household expenses on those items. For luxury spendings like cruise, vacations abroad etc, you still can multiply a dollar with 40.
It is upsetting to note that IITians move away from Engineering and Technology after graduation for which these institutes were set up. There must be a 'bond' on them which should force them to remain in core engineering for at least a decade after their graduation. If you want to go into finance/ equity etc, please do MBA, chartered accountancy, chartered financial analysis etc. Do not waste the precious seats in IIT - let others who want to reamin with the engineering profession use them. Shame on you, wasters of scarce resources!!
RE:IIT and Technology
by DON on May 19, 2008 12:35 PM
BUT THE POINT IS THAT ALL YOUR MBA, IIT, IIM, CPA, CA ARE EMPLOYED AND ORDERED BY A BOSS, WHO HIMSLEF IS A 10TH PASS, IN MOST CASES.
RE:IIT and Technology
by Arman on May 18, 2008 09:07 PM
Good to see your comment about IIT guys. But getting opportunity in the educational domain with Good salary is important. Take my example, i have completed my B.E(Electronics) and my preferred domain was Electro-Magnetic Engineering. But i didn't find a job in the same domain. What to do? Did you see any related job? Now i am working in completely different domain . I am a Manufacturing consultant. Dont simply blame the guy. you should understand the situation first then only conclude. Thanks
RE:IIT and Technology
by smiley on May 18, 2008 05:48 PM
Very righy said Mr Krishna . I also believe the same thing and often argument with these guys ...and infact mangt/Finance is not their domain /expertise and they often are not at all well compared to MBA/CA/CFA. They should concentrate on their Tech field
RE:RE:IIT and Technology
by My Reminiscence on May 18, 2008 08:38 PM
I don't agree with you guys. Not only IITians, even other degrees / PGs done at university colleges, govt colleges are with tax payers money. So why specifically lamenting on IITians. Only reason I could see, you guys are worried that you may not compete with them even in so called " your own field of Finance". If you feel you can outperform those IITians, why d oyou woory. It is baseless argument to say "Often they are not well in Finance". If they are not often well in Finance compared to MBAs,CAs,and CFAs, why are IITians becoming more sought after guys for these positions. Also, before getting into Finance world, most of them attend some business school.
Fot top positions in these MNCs, If you fit the bill, it doesn't matter, if you have a technical background or financial background...
CAs are supposed to do accounting and provide reports to Managers...not financial management....so don't compare them with MBAs from top schools...
RE:RE:RE:IIT and Technology
by My Reminiscence on May 18, 2008 08:39 PM
I don\'t agree with you guys. Not only IITians, even other degrees / PGs done at university colleges, govt colleges are with tax payers money. So why specifically lamenting on IITians. Only reason I could see, you guys are worried that you may not compete with them even in so called \" your own field of Finance\". If you feel you can outperform those IITians, why d oyou woory. It is baseless argument to say \"Often they are not well in Finance\". If they are not often well in Finance compared to MBAs,CAs,and CFAs, why are IITians becoming more sought after guys for these positions. Also, before getting into Finance world, most of them attend some business school.
Fot top positions in these MNCs, If you fit the bill, it doesn\'t matter, if you have a technical background or financial background...
CAs are supposed to do accounting and provide reports to Managers...not financial management....so don\'t compare them with MBAs from top schools...
RE:RE:RE:RE:RE:IIT and Technology
by My Reminiscence on May 18, 2008 08:42 PM
I don't agree with you guys. Not only IITians, even other degrees,PGs done at university colleges, govt colleges are with tax payers money. So why specifically lamenting on IITians. Only reason I could see, you guys are worried that you may not compete with them even in so called"your own field of Finance". If you feel you can outperform those IITians, why d oyou woory. It is baseless argument to say "Often they are not well in Finance". If they are not often well in Finance compared to MBAs,CAs,and CFAs, why are IITians becoming more sought after guys for these positions. Also, before getting into Finance world, most of them attend some business school.
Fot top positions in these MNCs, If you fit the bill, it doesn't matter, if you have a technical background or financial background...
CAs are supposed to do accounting and provide reports to Managers...not financial management....so don't compare them with MBAs from top schools...
RE:IIT and Technology
by My Reminiscence on May 18, 2008 08:38 PM
I don't agree with you guys. Not only IITians, even other degrees / PGs done at university colleges, govt colleges are with tax payers money. So why specifically lamenting on IITians. Only reason I could see, you guys are worried that you may not compete with them even in so called " your own field of Finance". If you feel you can outperform those IITians, why d oyou woory. It is baseless argument to say "Often they are not well in Finance". If they are not often well in Finance compared to MBAs,CAs,and CFAs, why are IITians becoming more sought after guys for these positions. Also, before getting into Finance world, most of them attend some business school.
Fot top positions in these MNCs, If you fit the bill, it doesn't matter, if you have a technical background or financial background...
CAs are supposed to do accounting and provide reports to Managers...not financial management....so don't compare them with MBAs from top schools...
