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LinkedIn page and | LinkedIn page and | ||
<a href=" computerworld" target="_blank">Twitter<ul> | <a href=" computerworld" target="_blank">Twitter<ul> | ||
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| + | more outsourcing by financial services to cut costs.< p> | ||
| + | <p>If Congress tries to curb offshore outsourcing, Lepeak said it will be difficult. "To what degree can the government control the business practices of private entities?" he asked.< p> | ||
| + | <p>But some of the shift overseas is due to the growing markets in those countries as well, Lepeak said. For financial services firms that deal in wealth management, overseas customers are increasingly important. "If you look at where the new millionaires are coming from, a lot of them are overseas," he said. < p> | ||
| + | <p>Eugene Kublanov, the CEO of NeoIT, an outsourcing management consulting group in San Ramon,cheap real jordans, Calif.,real cheap jordans retro, said that for now,cheap air jordan shoes, uncertainty will restrain financial services companies from taking on new offshore initiatives. But once these firms hit bottom and know where they stand, they will likely start new offshore ventures. It's a pattern, he said, that he has seen in previous downturns. < p> | ||
| + | <p>Kublanov also said he expects the federal government to exert some leverage on outsourcing,cheap jordans online, particularly if a Democrat is elected,cheap real jordans, which may bring incentives and penalties intended to keep jobs within the U.S. They could be direct or indirect, through changes in tax incentives and possible restrictions on visas. < p> | ||
| + | <p>Ron Hira, an assistant professor of public policy at the Rochester Institute of Technology and co-author of <i>Outsourcing America< i> (Amacom, 2008),, said the troubles of Wall Street firms have had a major impact on U.S. economic policy. < p> | ||
| + | <p>"Most analysts believe that we are going to have a pretty severe recession,"<ul> | ||
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