Articles in the Economy Category
Economy, Life and Personal »
Hair Care is a $55 billion+ industry in the US. It is also akin to the restaurant business in that it is highly recession resistant, and is almost always a guaranteed source of revenue if it reaches out to a good demographic.
I have a strange aversion to female hair dressers/stylists because of one bad experience. Nevertheless, I decided to give the new neighborhood Great Clips a shot because they were offering a haircut for $7. Now, each Great Clips franchise is independently run and offers the same kind of ambience. …
Economy, India, Life and Personal, Politics, Tech and Culture »
The year 2006 has arrived. It is time to make new resolutions for the new year, and reminisce about the good and the bad of the previous year. 2005 was a very eventful year from every aspect. It was marked by natural disasters, economic growth, groundbreaking breakthroughs in science and technology, and various other events.
On the personal front, the previous year was quite eventful as well, with lots of everlasting memories and lessons in the game of life. I just hope that 2006 is a much better year for everyone, …
Economy »
Just discovered that the H1-B visa cap for FY2006 has been reached. This signifies an acceleration in the demand for H1-B visas by corporate America when compared with the demand last year. The USCIS would not issue any H1-Bs for applications that are received after Wednesday, August 10th, 2005. The “cut off” date was October 1st, 2004 in the last financial year.
This is an interesting trend that clearly proves that the US is still the dream destination for tech workers from around the world, and that the economy is still …
Economy »
I spent a good amount of time at Vel‘s place last evening drinking a couple beers and talking about the economy, university life, and other general stuff. During the course of our fun conversation, and after I had had 2 beers, the topic of the H1-B Visa provisions was brought up.
I believe that the H1-B Visa program, if implemented well, could actually curb the offshoring of jobs to a great extent. Ofcourse, like Vel said, an H1-B employee is akin to a regular employee for all practical purposes. Offshoring is …
