In a message dated 7/8/07 8:03:30 P.M. Central Daylight Time, News@jobdestruction.info writes:
<<<<< JOB DESTRUCTION NEWSLETTER No. 1725 -- 7/08/2007 >>>>>
Hillary Clinton made a live videoconference speech to Indians and
corporatists at the "Indian Institute of Technology (IIT) 2007 Global
Alumni Conference" last week at Santa Clara, California. The conference was
ballyhooed as the coming-out party for the Indian American lobby that plans
to coerce our government into liberalizing immigration with India and
expanding offshoring.
Clinton disappointed them when she canceled her live appearance but
probably made it up for them reassuring them that she is Punjab's most
powerful senator in Congress.
Clinton also reiterated her call to expand the H-1B program
that allows companies to bring in skilled foreign workers
who "contribute greatly to our U.S. technology development."
Among other things, Clinton said that she would use fees collected from the
visas to train American workers. If that wasn't bad enough she said that
it's the government's responsibility to create more college graduates in
math and science. I have two things to say about that:
1) H-1B visa fees are already used to train American workers. The problem
is that there aren't enough jobs to train for so most of the money is
wasted to teach former professionals how to get jobs that require lower
level skills than what they already possess. It does our economy great harm
to disenfranchise our best scientists and engineers and then to train them
to be nurses who change bed pans, or high school soccer coaches.
2) We don't need more graduates in math and science -- we need more jobs
for math and science graduates!
Clinton's statement below reveals her true allegiance to corporatism and
globalism. She considers the sovereign nation-state of the United States to
be a mere trade zone where goods are traded and money is invested.
"America is not just a marketplace to get a foothold in. It's
a place to make lasting investments that will create jobs and
economic growth for everyone," she added.
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http://sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/07/07/BUGQ5QSE7L1.DTL
Graduates celebrate India's clout
They recall how technology institute prepared many for their roles in
America
Tom Abate, Chronicle Staff Writer
Saturday, July 7, 2007
Several thousand graduates of India's elite university system gathered at
the Santa Clara Convention Center Friday for an event that celebrated the
growing economic and political clout of that nation's expatriates and
touched on issues stemming from the increasing globalization of talent and
innovation.
The conference, which ends Sunday, brings together graduates of the Indian
Institute of Technology. This network of technology schools, founded in the
1950s shortly after India achieved independence, has maintained its elite
status by admitting just a few thousand students each year based on a
competitive, nationwide exam.
Rajat Gupta, a senior partner in the McKinsey & Co. consulting firm, and
Dilip Venkatachari, who runs Google's mobile products division, described
IIT as a university system that has graduated about 100,000 people in the
past half century. About 25,000, like themselves, eventually immigrated to
America and climbed the corporate and entrepreneurial ladders.
Opening the event, Gupta recalled how this global gathering started five
years ago with a meeting of 25 alumni at Stanford. "From those humble
beginnings it is gratifying to have nearly 4,000 IITians gathered here in
such a short time," Gupta said.
To the extent this was a coming-out party for the Indian American lobby,
its impact was somewhat tarnished by the last-minute decision of
presidential candidate Hillary Clinton -- originally due to appear in
person -- to address the group by satellite instead. During her 15-minute
remarks, Clinton said she favors globalization and immigration, but
suggested that Americans are getting short shrift from trends like
outsourcing and the ever-widening trade deficit.
"Americans are concerned about outsourcing and I think they're right to
be," said Clinton, who argued for strengthening the education system to get
more people, particularly women and minorities, into fields like
engineering. At the same time, Clinton said, she favors the H-1B program
that allows high-tech companies to hire college-educated foreigners and
would support an increase in the number that U.S. firms are allowed to
hire.
The politics of immigration surfaced again in an afternoon news conference
when reporters asked Indian American business and academic leaders to react
to the congressional deadlock over immigration.
"The day this country limits the reasonably free flow of skilled immigrants
is the day we start going downhill," said Pradeep Khosla, dean of the
college of engineering at Carnegie Mellon University.
General Electric chief executive Jeffrey Immelt discussed the promise and
perils of globalization -- and also played to the crowd. "I'm here today
because I am a big consumer of the product, which is you," said Immelt,
noting that GE employs about 1,500 graduates of the prestigious system.
"Thirty-five of the top 600 people in GE are IIT grads."
Arguing that "business in the 21st century is really the intersection
between globalization and technology," Immelt spoke about the strength of
the Indian economy and took a swipe at the political process. "The economy
has now gotten to a point in India where the government can't screw it up,"
he said to applause.
He also acknowledged the controversy that surrounds the growing integration
of world economies. "I'm a globalist, you're a globalist," Immelt told his
audience, saying the real question is whether the process would be slowed
or stopped by political backlash.
"If you put globalization up for a vote in the U.S., it would lose 60-40,"
he said, attributing this margin in part to "misinformation" but also
because "the bottom 25 percent of the U.S. has suffered from a wealth
standpoint."
Immelt posed this challenge for his audience: "Can the standard of living
of Indians grow one hundred-fold, which should be your goal, without the
standard of living of Americans going down?"
E-mail Tom Abate at tabate@sfchronicle.com.
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http://www.mercurynews.com/business/ci_6320636
Clinton gives voice to outsourcing fears
By Mary Anne Ostrom
Mercury News
San Jose Mercury News
Article Launched:07/07/2007 01:35:29 AM PDT
In one of her bluntest assessments of globalization yet, Sen. Hillary
Rodman Clinton challenged a large crowd of Indian technologists gathered in
Santa Clara on Friday to help allay the fears of Americans that good jobs
are being exported, or risk political and economic backlash.
"Workers in the U.S. are concerned about outsourcing, as I'm sure you know.
And I think they have a right go be," Clinton told about 3,000 people
attending a conference sponsored by the alumni of the Indian Institutes of
Technology. "If the standard of living and the quality of life falls in
reality and in perception and in any way decreases in the United States,
our bilateral cooperation and partnerships could very well suffer in the
long run."
Speaking via satellite from New Orleans, Clinton also warned that global
business and government leaders are advised to help keep Americans in jobs
or suffer the consequences.
"If the United States continues to outsource jobs to India in increasingly
large numbers, people will begin to feel insecure and may very well seek
more protection against what they view as unfair competition," she said.
"America is not just a marketplace to get a foothold in. It's a place to
make lasting investments that will create jobs and economic growth for
everyone," she added.
While Clinton has been a strong backer of free trade and pro-business
immigration policies, and cited the "great accomplishments of
globalization" during her speech, as a Democratic presidential candidate
who is trying to woo labor backing and middle-class voters, she is also
highlighting the negative impacts.
"I am concerned that trade is becoming a zero-sum game, instead of being a
means to lift up all who participate," she said, citing statistics that
show while American workers have become more productive this decade, their
median income has declined.
She said America should be viewed "as a land of consumers and innovators,
as a marketplace and a talent pool. We can promote shared prosperity that
allows us to lead the global economy in our race to the top, not to the
bottom."
She described a global economy as an upside down pyramid "with economic
growth resting on the shoulders of the American consumer," adding that U.S.
consumers are "literally fueling growth throughout the world."
She said growing economies rely on American workers having a high enough
standard of living to buy products from them. "So if globalization pushes
down U.S. wages, other countries will be affected."
Clinton also reiterated her call to expand the H-1B program that allows
companies to bring in skilled foreign workers who "contribute greatly to
our U.S. technology development." She said she would use fees collected
from the visas to train American workers and said the U.S. government has
an urgent responsibility to create new programs to produce more college
graduates, particularly in math and science.
"She challenged us. That's what a leader should do," said Subhash Tantry,
CEO of Fox Technologies of Palo Alto.
Clinton had planned to appear in person, but organizers announced Thursday
she would deliver her remarks via satellite. Clinton's U.S. Senate
spokesman cited her schedule, saying it was logistically not possible for
her to make the trip to California. Instead, she spent Friday meeting with
the United Steelworkers candidates' forum in Cleveland and then traveled to
speak in New Orleans at a music festival, one that Barack Obama had
appeared at on Thursday.
Although some said they were disappointed not to see Clinton in person,
attendees were promised if they handed in their business cards they would
be returned with a Clinton autograph.
Contact Mary Anne Ostrom at (415) 477-3794 or mostrom@mercurynews.com
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http://money.cnn.com/news/newsfeeds/articles/marketwire/0274514.htm
Indian Institute of Technology (IIT) 2007 Global Alumni Conference Kicks
Off on July 6, 2007
Hillary Clinton, Jeff Immelt and Arun Sarin to Keynote; More Than 4,000
Expected to Attend
July 05, 2007: 04:26 PM EST
WHAT:
The Indian Institute of Technology (IIT) annual alumni conference starts
tomorrow and will run through July 8 at the Santa Clara Convention Center.
This renowned event, open to the public, brings together influential
business and technology leaders, such as the CEOs of GE (NYSE: GE) and
Vodafone (NYSE: VOD), political icons like Senator Hillary Clinton (D-NY),
as well as a host of acclaimed Nobel laureates and successful
entrepreneurs. The event is packed with compelling keynotes, in-depth
panels and breakout sessions.
A wide range of topics are being discussed at this year's conference,
including corporate leadership, entrepreneurship, academic excellence and
social transformation. Each panel will show how IITians have become strong
leaders in government, business, society and academia.
The event kicks off today with the first ever IIT "Women in IT" event at
the Santa Clara Hyatt, which will focus on the increasing number of IIT
female alumni and their success in a predominantly male environment.
Speakers discussed how they translated their unique experience into
academic, business, government and non-profit environments.
Additional information, complete conference agenda and list of confirmed
panelists can be found at: http://www.iit2007.org/program.htm
For free video content from IIT 2007, please log on to
www.thenewsmarket.com/iit2007 to preview and request video. You can receive
broadcast-standard video digitally or by tape from this site. Registration
and video is free to the media.
WHERE / WHEN
July 5, 2007
IIT Women Alumni Day
Santa Clara Hyatt
Hyatt Regency Santa Clara
5101 Great America Parkway
Santa Clara, California, 95054
Event Begins at 9:00 a.m. PT
10:15 a.m. - 11:00 a.m. Marissa Mayer, Google VP, Search Products
& User Experience - Opening Keynote Panel
July 6 - 8, 2007
IIT Alumni Conference
Santa Clara Convention Center
5001 Great America Parkway
Santa Clara, CA 95054
Friday, July 6: Event Begins at 9:00 a.m. PT
9:15 a.m. - 10:00 a.m. Jeffrey Immelt, GE CEO - Welcome Keynote
4:30 p.m. - 5:15 p.m. Hillary Clinton, Senator, New York - Closing
Keynote via satellite
Saturday, July 7: Event Begins at 9:00 a.m. PT
9:00 a.m. - 9:45 a.m. Arun Sarin, Vodafone CEO - Opening Keynote
4:30 p.m. - 5:30 p.m. Bob Dynes, University of California
President - Closing Keynote
Sunday, July 8: Event Begins at 9:00 a.m. PT
12:15 p.m. - 12:45 p.m. Rajat Gupta, McKinsey & Company Sr.
Partner - Closing Remarks
WHO:
The conference is designed to appeal to a wide variety of audiences,
including:
- IIT Alumni, spouses, significant others, families
- Students
- General admission
- Press
REGISTRATION: Registration is open until Friday, July 6 through the website
at: http://www.acteva.com/ttghits.cfm?EVA_ID=30584 or by calling +1 866 462
2838 (Monday through Friday 6 a.m. - 5 p.m. PT).
To register by fax, please download the registration form and fax it to +1
415 276 2399.
Registration form can be found at:
http://www.iit2007.org/images/FaxRegistrationIIT2007.pdf
To register for the Women in IT event, please send an email to
wad@iit2007.org
To register as an attending member of the US press, please send an email
to: usmedia@iit2007.org
To register as an attending member of the India press, please send an email
to: indianmedia@iit2007.org
About Indian Institute of Technology (IIT)
The Indian Institutes of Technology, or IITs, are a group of seven
autonomous engineering and technology oriented institutes of higher
education established and declared as Institutes of National Importance by
the Government of India. Collectively, the IITs are widely regarded as
amongst the leading educational institutes in the world. In order of
establishment, the seven IITs are located at Kharagpur, Mumbai (Bombay),
Chennai (Madras), Kanpur, Delhi, Guwahati, and Roorkee.
About PanIIT
PanIIT is a global association of IIT alumni whose mission is for the IITs
to be acknowledged among the world's leading institutions in academics,
research excellence and innovation, and for its alumni to be recognized as
leaders and innovators in their chosen fields. PanIIT-USA is the
organization of alumni associations and alumni organizations that represent
the alumni of the "IIT System" in the United States of America. It includes
all students -- undergraduate, post-graduate, doctoral and post-doctoral,
and former faculty members -- from all seven IIT campuses, and any IITs
that are established in future.
Add to Digg Bookmark with del.icio.us Add to Newsvine
For more information:
Ashu Garg
Marketing and PR Lead, PanIIT USA
Tel: +1 650 520 3900
iit@ashugarg.com
Sean Mills
Bite Communications for PanIIT
Tel: +1 212 857 9386
sean.mills@bitepr.com
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