Good news for Pune real estate market:
A radio jock who frequently goes out on limb has once again pushed the limit of political correctness, this time referring to workers handling outsourced jobs in India as “slumdogs”.The freshly-minted epithet, derived from the movie Slumdog Millionaire, came from Rush Limbaugh, America’s most widely heard radio host, during a discussion on the economy last week.
Responding to a listener’s call about flight of jobs, Limbaugh referred to President Barack Obama’s statement that the jobs aren’t coming back to America.
He then explained, “They’re outsourced for a reason, an economic reason, and they’re not coming back. If you’re sitting out waiting for a job that’s now being done by a slumdog in India, and you’re waiting for that job to be cancelled, for the slumdog to be thrown out of work, and you to get the job, it ain’t going to happen.”
Limbaugh used the epithet without provocation. The caller who phoned in had not even referred to India, but the radio jock was only too eager to stick it into the country that has come to be seen as the grand central of outsourcing.
To read more, please, visit - The Economic Times
So how does this relate to Pune Real Estate?
I don't think that "it's OK to call someone a "dog" because he lives in a slum." Obviously, i don't want to ask Rush Limbaugh, America’s most widely heard radio host, "how can you dare to call someone a "dog" when he lives in a flat?"I didn't blog this story because it proves that the movie "Slumdog Millionaire" has become as popular as a "hot dog" in US.
I am blogging this story because i want to give a good news to my clients who feel "little uncertainty" about their jobs when in the comments someone says, "Infosys and other companies are planning to lay off 50,000 employees every quarter till the recession is over." I want to tell them, "Look! Even a radio jock in US knows that your jobs are safe!"
Please, don't mind his style. Radio jock knows that every dog has it's day. If not President Barack Obama, at least "Slumdog" will give him his 15 minutes of fame!
However, don't you think that, "how to duck a shoe" is an essential skill. Not only a president or a home minister but even a common citizen should master it.
Please, share your views, (Comments Policy), not about the shoe or about the dog, but about the job uncertainty. Is it really preventing you from booking a flat?
I ask this because Mont Vert's solution for job uncertainty, Rent Today Own Tomorrow, received unexpected response! In the first week itself, more than 12 property buyers preferred to purchase than rent "high budget flats" in their projects on Pashan Baner link road!
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So how does this relate to Pune RE?
ReplyDeleteAnd how does it matter if someone in the US calls workers in India call centers as slumdogs (assuming that its a foul term to use). Please let it be and not make it more than what it is 'bone head comment from a bonehead conservative junky from USA".
Ravi,
ReplyDeleteJust because the job is not going back to the US does not mean it is going to stay in india. If the client goes out of business, then there wont be any job to outsource. Whats the matter with you? There is a recession going on and people are going to lose jobs and real estate prices will come down.
# Ref: "Whats the matter with you? There is a recession going on and people are going to lose jobs and real estate prices will come down."
ReplyDelete- I completely agree with you about the recession.
That's the reason i liked Mont Vert's 'Rent Today Own Tomorrow' offer which offered a solution to this situation.
But what's matter with those property buyers who preferred to buy today when they could have postpone it!
Can you tell me what makes Pramod Bhasin, the new chairman of the National Association of Software and Services Companies, the influential advocate of India's information technology industry, so confident that India IT industry can grow despite the recession?
Read his interview:
India Outsources--To The U.S. http://www.forbes.com/2009/04/09/india-outsourcing-bhasin-so
ftware-technology-interview.html
I hope, you will not tell me that Bhasin is talking like a finance minister!
I have been looking for a flat in the Chandaki Chauk- Bavdhan Area..
ReplyDeleteCan anyone please suggest me who is familiar with the area ( I am not) how are the projects there like Leisure, Prsitine Fontana etc.
Please help me
Ravi asked - Can you tell me what makes Pramod Bhasin so confident?
ReplyDelete## false bravado? IF you are not convinced about the answer, can YOU tell me what made CEOs of lehman brothers and AIG make false statements that they were going strong and meeting their targets just before they went under?
## What do you think made Infosys fire 2100 "underperforming" employees when the promise was that there would be no lay-offs?
## do you blindly believe anything that is printed in news papers or is available on the web?
## would you have believed Madoff who ran a ponzi scheme if you were to read his interview in WSJ?
Hello Vinod Gupte!
ReplyDeleteThanks for the comment.
I got it.
But couldn't understand why you are so sure about the doom of IT industry in India.
I feel very sorry for you.
You look in pains.
Don't bother much about IT and economy.
Take care of yourself.
ravi, you don't have to feel sorry for me. i am doing well. i was recently recruiting five resources to build my team, interviewed 20 odd candidates and 12 of them were from Wipro. now Wipro has not gone on records saying that they are laying off people although they are. there are silent lay-offs going on in the IT industry but people who believe only what sakaL or loksatta tells them do not know this. they perhaps believe what Chintu tells them, can't help but to feel sorry for them.
ReplyDeletei am not saying that the IT is doomed. it is not growing at the rates seen earlier and that puts a cap on the salaries of their resources. there is slowdown and companies are optimizing their operations. expect more such silent lay-offs in near term and hard time for greedy real estate agents.
good luck to YOU in cracking deals.