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à¤¨à¤®à¤¸à¥à¤¤à¥‡ (namaste) and welcome to Outsourced, your South Asian news column. Now that everyone is drooling and/or complaining about Dr. Sanjay Gupta, there’s no better time to talk about the Indian Subcontinent. The latest scandal rocking the Indian subcontinent is that concerning Satyam Computer Services, an outsourcing company that serves as the back office for some well-known companies such as GM, GE, and even the United States government, handling virtually anything (NYTimes). A few days ago, chairman of Satyam, Ramalinga Raju, admitted that it inflated its earnings and assets for quite the while ……… and resigned. (Leaving others to clean up the mess, of course.)Â Nearly $1.04 billion (or 50.4 billion of the 53.6 billion rupees) of the assets Satyam listed in the second quarter were non-existent. Yeah. You heard me correctly. Anyway, the Indian stock market is in turmoil and unsurprisingly enough, Satyam stock is down 70%.
The New York Times published an article today titled “Liberals Wonder When Obama’s Team will Reflect Them.”Â Here is a brief excerpt:
“In assembling his team to date, Mr. Obama has largely passed over progressives, opting to keep President Bushâ€™s defense secretary, tapping a retired general close to Senator John McCain and recruiting economists from the traditionally corporate, free-trade, deficit-hawk wing of the party. The choices have deeply frustrated liberals who thought Mr. Obamaâ€™s election signaled the rise of a new progressive era.”
Seriously?Â The guy hasn’t even stepped into the oval office and we’re already down his throat about being progressive?Â I think there are two fundamental flaws with this argument:Â The first being that being progressive doesn’t simply mean being liberal, the second being that we need to shut the f*&^ up and wait for the guy to govern.
“Consumers have already spent perhaps as much as $200 million on Obamabilia, two months before he will be inaugurated as the 44th president and another tidal wave of tchotchkes will be unleashed.”
Read full NY times article here.
I’ve never really blogged before (even though I am an avid reader), but I felt that I needed to get this out.
As of right now I am undecided on the issue of Dingell’s chairmanship. That does not mean, however, that I am in any way apathetic. In fact I am incredibly passionate about the issues being discussed and am doing plenty of research on both sides to help me make up my mind. But what I am more passionate about than anything is compassion. We just went through this undeniably amazing election where we spoke of unity among all Americans and respecting the differences that make this country so great. What we didn’t speak of was condescension and rudeness, because that is obviously not what we want to portray ourselves as supporting. And yet in the first divisive issue that is presented to us as Dems post-election we immediately begin to switch carelessly between legitimate debate and snarky comments.
The opinions within this political commentary are those of the author alone and do not reflect the views of the College Democrats at the University of Michigan, the Michigan Federation of College Democrats, the University of Michigan, or the Democratic Party and are probably not funny even though the author thinks that they are absolutely hilarious and dream of writing for the Every Three Weekly or The Onion even though the author has absolutely no real sense of humor.
Hey Dems/ special friends!
1. Guess who’s in trouble? Justin Zatkoff, that’s who. You know how John McCain “pulled out” of Michigan and we all giggled about it? Well apparently Zatkoff didn’t get the memo.Â He and three others were threatened with arrest for stealing 300,000 pieces of campaign lit to distribute. Exhibiting the stubborness that defines all Republicans, he said he’d rather stay in Michigan and not make money than go to a different state and make money. I guess he wants to be safe from taxation when when Obama is elected. (more…)
My name is John Dingell and I represent Ann Arbor as part of Michigan’s 15th Congressional District. I have served in Congress for 53 years. During this time I have fought for the things that we as Democrats hold dear:
â€¢ I believe that all Americans have the right to healthcare, and I continually strive to lead my peers in assuring affordable quality coverage. Every year since I was first elected in 1955, I introduce the National Health Insurance Act. I hope, with Barack Obama in the White House, that universal healthcare will become a reality in 2009.
â€¢ As Chairman of the Energy and Commerce Committee (ECC), I believe in a comprehensive plan to revive our economy and have introduced legislation to protect American jobs from being outsourced. I also believe it is imperative that we invest in our auto industry so it can retool and build the fuel-efficient cars that our climate crisis requires, while keeping Americans employed.
â€¢ Also as Chairman of the ECC, I have taken a leadership role in confronting global warming. I am currently drafting legislation to properly approach this complex and critical issue. The ultimate goal of this legislation is a reduction of up to 80% of our current carbon emissions by 2050.
â€¢ In my earlier years I was a forest ranger in the Colorado Rockies and I believe our natural heritage is something to celebrate and protect. Some of my proudest achievements in Congress are having authored landmark legislation such as the Endangered Species, Clean Air, and Clean Water acts.
â€¢ I have always opposed the war in Iraq and I voted against it in 2002. I believe an unjustified, poorly executed war is a waste of our valuable resources that should be spent on domestic programs, such as improving the quality of public education. I also believe our involvement in Iraq has taken our focus off of the true task of combating terrorism in other areas such as Afghanistan.
â€¢ I am a firm supporter of equal rights regardless of gender, race, creed, economic status or sexual orientation. I believe protection of our rights as consumers and taxpayers is also a necessity, which is why I’ve spent considerable time investigating government fraud and corruption.
As your representative, I am interested to hear your thoughts and do whatever I can to better serve you, my constituents. I admire your choice to attend such a fine university. The U of M Democrats have a proud tradition of involvement, service and fun-I know you’ll keep that tradition alive! We have a great deal of work to do in the next few weeks to put Senator Obama in the Whitehouse where he belongs. It is reassuring to have such energetic and dedicated young people on board in this mission. Keep up the good work and go blue!
For additional information on what I am up to, follow the links below:
Also, if you have a bit of free time in your busy schedules that you are generous enough to put forth to my reelection efforts, I would be grateful and delighted to have you on my team.
This chart, from WaPo, is a comparison of Barack Obama and John McCain’s tax plans, showing how each plan will affect the amount of taxes people in each income group pay.
For people who prefer colorful images to long descriptions and numbers, let this one quickly lay to rest the assertion that McCain’s tax plan is better for the middle class.
*UPDATE*: Alan Greenspan has already come out against McCain’s tax plan:
“I’m not in favor of financing tax cuts with borrowed money.”
I know.Â It seemed like such a great idea to me too.