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...from emerging countries as they seek to professionalize their operations. A study by NASSCOM and consulting firm McKinsey figured that by 2020 about a quarter of potential IT- and business-services revenues for outsourcing firms will be generated in the so-called BRIC countries: Brazil, Russia, India and China. Although the U.S. still accounts for 60% of the export revenue of India's IT sector, emerging markets are growing faster. NASSCOM data show that the Indian IT sector's revenues from the Asia-Pacific region grew by a compounded 42% a year between the 2004 and 2008 fiscal years compared...

Author: /time Magazine | Title: Outsourcers Go Global | 1/11/2010 | See Source »

...Although firmly atop the chess rankings, thanks in part to his victory in London, Carlsen must now fight his way through a series of qualifying competitions in order to earn a chance to play for the world-championship title - the game's highest prize, which is contested every two or three years. His father says he is more concerned about "whether chess will make him a happy person." It seems to be doing just that. "I love the game. I love to compete," Carlsen says. Asked how long he will continue to enjoy chess and where the game will take...

Author: /time Magazine | Title: A Bold Opening for Chess Player Magnus Carlsen | 1/11/2010 | See Source »

...Although Let's Go faced some challenges when its publisher, St. Martin's Press, terminated their 25-year relationship (around the same time that the national economy started going downhill), Rakich told the Crimson last year that he was optimistic about the series' future...

Author: By Tara W. Merrigan, CRIMSON STAFF WRITER | Title: Let's Go Turns 50 | 1/9/2010 | See Source »

...Although Schwarzenegger insists he will not raise taxes, in his speech, he requested $6.9 billion in aid from Washington. This would not be a bailout, he said, but a demand for fairness. "When President Clinton was in office, California got back 94 cents on the dollar from the Federal Government. Today, we only get 78 cents back. But in the meantime, Texas gets 94 cents, Pennsylvania gets $1.07," he said. "And guess what New Mexico gets? $2.03." Without the additional federal money, Schwarzenegger said, he will again propose the elimination of CalWorks, the state's welfare-to-work program...

Author: /time Magazine | Title: California Deficit: Arnold Has to Make 'Sophie's Choice' | 1/9/2010 | See Source »

...Although Iris Robinson had already indicated her intention to quit politics before the Spotlight show aired, she now faces calls to resign immediately. As for her husband's political future, much depends on how much Peter knew of the money his wife is alleged to have obtained for her lover. The majority of the BBC's evidence came from Selwyn Black, a former political adviser to Iris, who produced several text messages sent by his employer referring to the business deal and her husband. Black also claims that, during phone calls with Iris, he overheard Peter allegedly advising his wife...

Author: /time Magazine | Title: Mrs. Robinson: Northern Ireland's Own Sex Scandal | 1/8/2010 | See Source »

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