Say no to Bangalore, yes to Buffalo: Obama [ Is it going to affect Indian Market ? ]

May 6, 2009

05obamaSay no to Bangalore, yes to Buffalo: Obama (Is it going to hit Indian Market ?

Say no to Bangalore and yes to Buffalo,seems to be the latest mantra of United States President Barack Obama as he struggles to bring the ailing American economy back on track.

Meeting one of his major election promises, Obama on Monday the announced end of years of tax incentives to those US companies which create jobs overseas in places like Bangalore.

Instead, the incentives would now go to those creating jobs inside the US, in places like the Buffalo city — bordering Canada in upstate New York.

“We will stop letting American companies that create jobs overseas take deductions on their expenses when they do not pay any American taxes on their profits,” Obama said at White House announcing the international tax policy reform.

“We will use the savings to give tax cuts to companies that are investing in research and development here at home so that we can jump start job creation, foster innovation, and enhance America’s competitiveness,” Obama said.

The new tax laws are expected to majorly hit countries like India, China and the Philippines, where US companies have been outsourcing their work.

Hitting hard at the current taxation system, to which he had been very critical since his election days and as a Senator, Obama said: “It’s a tax code that says you should pay lower taxes if you create a job in Bangalore, India, than if you create one in Buffalo, New York.”

Reiterating his campaign rhetoric, the US President said: “The way we make our businesses competitive is not to reward American companies operating overseas with a roughly 2 per cent tax rate on foreign profits; a rate that costs taxpayers tens of billions of dollars a year.”

Source: Rediff

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Indian democracy more resilient than killers: Obama

December 2, 2008


US President-elect Barack Obama on Monday said Americans stand with the people of India “in this dark time” after the Mumbai attacks and asserted that his incoming administration was “absolutely committed to eliminating the threat of terrorism”.

“In the world we seek, there’s no place for those who kill innocent civilians to advance hateful extremism,” he said at a press conference to name the new members in his cabinet, including Hillary Clinton as the Secretary of State.

“As we learned so painfully on 9/11, terror cannot be contained by borders, nor safety provided by oceans alone… Last week, we were reminded of this threat once again when terrorists took the lives of six Americans among nearly 200 victims in Mumbai,” Obama said.

The first African-American President of the US, who will take charge on January 20 next year, noted that he had called Prime Minister Manmohan Singh this weekend.

“I told Prime Minister Singh that Americans stand with the people of India in this dark time. And I am confident that India’s great democracy is more resilient than killers who would tear it down,” he added.

America’s national security challenges are as grave and urgent as that of the economic crisis, he said and maintained that his incoming administration was “absolutely committed to eliminating the threat of terrorism.”

“We are fighting two wars. Old conflicts remain unresolved, and newly assertive powers have put strains on the international system. The spread of nuclear weapons raises the peril that the world’s deadliest technology could fall into dangerous hands. Our dependence on foreign oil empowers authoritarian governments and endangers our planet,” he said.

Source: NDTV


10 tech leaders who could become Obama’s CTO

November 10, 2008

A part of his policy platform, Obama has stated that he plans to hire the nation’s first chief technology officer (CTO) to play quarterback in driving these changes.

Obama wants to use the national CTO position to:

Ø Build a 21st centrury technology infrastructure

Ø Unite and lead the CIOs and CTOs of various federal agencies

Ø Architect innovative tech solutions to help solve big problems

Here are top 10 candidates.

10. Shai Agassi

This former technology head of SAP has the business experience and the interest in larger societal issues to do well as America’s CTO. However, he’s recently founded his own company, Better Place, to create an entirely new business model and power system to run the electric cars of the future. Because of his passion for that project, it’s doubtful he would want the U.S. CTO gig.

9. Larry Lessig

Lessig, a Stanford Law professor, is the founder of Stanford’s Center for Internet and Society and has been an outspoken commentator on U.S. technology policy. Although Lessig has a conservative background, he publicly endorsed Obama for president. At times, he has even been rumored as a candidate for numerous political offices himself. He would be an excellent tech policy wonk and a decent visionary, but he does not have a traditional tech background and that would likely hurt him in gaining the respect of the federal tech executives that he would have to lead.

8. Padmasree Warrior

Warrior is one of only two candidates on this list who is currently serving as a CTO. She was previously CTO at Motorola and in 2008 moved over to the CTO job at Cisco, where she is tasked with driving technology strategy and innovation and serving as an evangelist of what’s possible in the future. She’s also demostrated an interest in politics, having attended the Democratic National Convention in August and expressed enthusiasm for Obama’s vision of America.

7. Shane Robinson

The other current CTO on this list, Robinson is the executive vice president of technology and strategy at Hewlett-Packard. All of the CTOs of the various HP business units report up through Robinson, as does the forward-looking HP Labs and the company’s corporate marketing department. That kind of breadth of experience would serve Robinson very well as U.S. CTO. He’s also a visionary who understands the larger context of the current technology revolution and its impact on business and society. It’s unclear whether he has any interest in politics or if he could be wooed away from HP.

6. Vint Cerf

Cerf is sometimes called the “Father of the Internet” because he and Bob Kahn designed the TCP/IP architecture that made the Internet possible. Cerf, who currently works as Chief Internet Evangelist at Google, was awarded the National Medal of Technology in 1997 by President Clinton and the Presidential Medal of Freedom in 2005 by President Bush. He has outstanding technical chops and extensive experience working with government technology agencies, but his leadership and management credentials aren’t quite as strong as some of the other candidates.

5. John Chambers

One of the technology industry’s most passionate characters, Chambers has a will of steel that would help him cut through the bureaucratic stone walls in Washington. The Cisco CEO is a terrific visionary and one of tech’s most effective leaders when it comes to getting a team to execute. Chambers has also shown an interest in politics — even being rumored for an eventual run at political office. He endorsed John McCain for president and was a significant donor to the McCain campaign, so that could hurt him in being considered as Obama’s CTO.

4. Ed Felten

A Princeton computer science professor, Felton founded Princeton’s Center for Information Technology Policy and is a leading researcher, commentator, and blogger on technology law and policy. He famously served as the Department of Justice’s leading technology witness in its antitrust suit against Microsoft. He would be an excellent policy wonk, but doesn’t have as much experience leading technology teams.

3. Bill Gates

The biggest name that nearly everyone is forgetting is Bill Gates, the former Microsoft leader who retired from his full-time gig at Microsoft in June so that he could devote his energies to the Gates Foundation. He obviously has his sight set on larger societal impact. What better way to make that happen than helping define the critical technology policies of the next decade? Melinda can handle the foundation. Gates has the vision, the iron will, and the ability to rally the troops that would make him a successful CTO. The only problem is that he is still technically the chairman of Microsoft and it would be a conflict of interest to continue in that roll while serving as U.S. CTO. Plus, the government uses a lot of open source solutions and Gates has never been an open source fan.

2. Julius Genachowski

Genachowski went to Harvard Law School with Obama and served as an advisor to the Obama campaign on technology issues, even helping to draft Obama’s technology platform. He previously served as chief of business operations at InterActive Corp, was an FCC advisor during the Clinton administration, and founded his own company, LaunchBox Digital, to help tech startups. Since the election, Obama has named Genachowski to his transition team. It’s likely that he will have a role in the Obama administration, either as the first CTO or, more likely, as head of the FCC.

1. Eric Schmidt

The Google CEO endorsed Obama in October and has served as an unofficial advisor on economic and technology issues throughout the campaign. Since the election, Schmidt has served on Obama’s newly-formed economic advisory board. Schmidt is a pragmatic, low-key leader who can successfully work in collaboration with other leaders. He is not as much of a visionary or a bulldog, but his temperament might be the right fit for this position. At the end of last week, Schmidt denied that he is interested in the position, and no one could blame him for not wanting to leave Google, which is at the top of its game and still has an excellent future. Nevertheless, don’t rule him out just yet. He remains the most likely candidate for the job.

Source: TechRepublic


This is how Obama made it

November 5, 2008

final-resultsSource: CNN


How the US President is elected

November 5, 2008


ist2_5365012-us-election-icon-setThe election to the world’s most powerful job isn’t based on the popular vote. It’s a bit more complicated than in India.

This is how it works:

Basically, the ballots have Obama, McCain’s names although elections are also held for the Congress simultaneously sometimes.

But votes cast for Obama or McCain don’t go to them directly but to the Electoral College

which consists of 538 popularly elected representatives who formally select the President.

At this point it’s all or nothing.

The size of the Electoral College is equal to the total membership of both Houses of Congress (435 Representatives and 100 Senators plus the three electors allocated to Washington, D.C.), totaling 538 electors.

Each state is allocated as many electors as it has Representatives and Senators in the United States Congress. Since the most populous states have the most seats in the House of Representatives, they also have the most electors.

The six states with the most electors are California (55), Texas (34), New York (31), Florida (27), Illinois (21) and Pennsylvania (21).

  1. Ballots have Obama, McCain’s names
  2. But votes cast go to the Electoral College
  3. Whoever wins most votes in a state, wins all Electoral votes
  4. Whoever gets 270 Electors (out of 538), wins

Whichever Presidential candidate wins the most votes in a state, wins all the Electoral votes, even if the popular vote was split 51-49 percent.

And whoever gets 270 Electors (out of 538), wins the US Presidential election.

Source: NDTV