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...name, but Gray is darker than that. He is, in fact, an exemplar of all that is awful about latter-day California politics. He is not incompetent, but he has governed without much creativity through a succession of crises-the rolling electricity blackouts of 2001 and the subsequent high-tech economic implosion. His greatest political skill seems to be an uncanny ability to raise money. He has used this cash to buy television ads, most of them quite vicious...

Author: /time Magazine | Title: California's Bad Karma | 8/4/2003 | See Source »

...companies in the U.S. are expected to move more than 500,000 jobs overseas in the next five years, according to a survey by management consultant A.T. Kearney, and India is by far the top destination. U.S. banks, insurance firms and mortgage companies have been using outsourcing to handle tech support for years. Now these firms are using Indian workers to handle the business operations--say, assessing loan applications and credit checks--that the technology supports. Kumar Mahadeva, CEO of the thriving outsourcing firm Cognizant, explains the appeal: "It becomes logical for them to say, 'Hey, you know everything about...

Author: /time Magazine | Title: Where The Good Jobs Are Going | 8/4/2003 | See Source »

...protect domestic jobs, U.S. labor activists are pushing to limit the number of H-1B and L-1 visas granted to foreign workers. That would make it harder for offshore companies to have their employees working on site in the U.S. "Those programs were designed for a booming high-tech economy, not a busting high-tech economy," says Courtney of the Washington Alliance of Technology Workers. Courtney and his allies are starting to get the attention of lawmakers. Several congressional committees have held hearings on the impact of offshore outsourcing on the U.S. economy, and lawmakers in five states have...

Author: /time Magazine | Title: Where The Good Jobs Are Going | 8/4/2003 | See Source »

...campaign to recall Democratic California Governor Gray Davis may be mischief making by the Republican right wing [NATION, July 14], but I'm guessing that its popularity is due to independent voters like myself. We see the state's budget woes as caused by the tech-bubble collapse and some shady dealings in the power industry, as you reported, but we also deplore the Governor's continued fiscal mismanagement. I'm tempted to vote to recall him, but I probably won't. Sadly, when it comes to a choice between him and Terminator film star Arnold Schwarzenegger, a Republican, Davis...

Author: /time Magazine | Title: Letters: Aug. 4, 2003 | 8/4/2003 | See Source »

...strikes and increasing unilateralism will pump up the ill feeling between itself and so-called orderly nations like France and Germany. Over the next five years, Schwartz says, American military forces will pull out of almost all their overseas bases, as massive standing deployments give way to a high-tech global police corps calling on small numbers of special forces. The enemy, however, will remain the same. Talking up the possibility that U.S. aggression bolsters the ranks of terror networks, Schwartz leaps into a scenario in which Saudi Arabia, Egypt and Pakistan succumb to radical Islamists within the next...

Author: /time Magazine | Title: The Future Market | 8/3/2003 | See Source »

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