The United States and perhaps the whole world is in recession. With that in mind, other countries like the ones in Europe and Asia are following. While we all know that various means are being resorted to avoid imminent economic catastrophe, you have to wonder how the outsourced jobs such as call centers situated in key areas of the world will deal with it. That is, if they are still around.
Rumor has it that the US is seriously studying pulling out these call centers, particularly in the Philippines and India. Rather than hold fort in these two leading countries where labor is cheaper, they are planning to hold base in their local grounds.
With that in mind, panic and worried call center agents are bracing themselves for the worst. For sure, the smaller ones will be the first to go and incrementally followed by the larger ones. The bigger and successful companies may still be around but make no mistake about it; they will be downsizing.
The unemployment rate is expected to escalate. Call centers have been a goldmine for most people. While many choose to be ignorant, getting over the recession is not the end of it. The next president has vowed that countrymen comes first and with that in mind, you know that local talent will get first priority and this includes jobs circulating around call center and nursing professions.
Technorati Tags: outsourced_jobs, economic_catastrophe, nursing_professions, unemployment_rate, successful_companies, call_centers, countrymen, key_areas, recession, goldmine, call_center_agents, mistake, philippines, first_priority, india, asia, europe, united_states
One of the major reasons for oil price increases according to most financial analysts is the lowering of oil supply and the rising of oil demand in many parts of the world. When you combine political unrest in places like Nigeria, lowering of production in places like Saudi Arabia and increased demand in places like China and India, it doesn’t become difficult to predict what might happen to oil prices. Add to that a weakening American dollar and the effect is just that much more pronounced.
Well, let’s examine the supply connection to see just what is going on. Strikes and political unrest in Nigeria have resulted in the country’s oil production falling by 251,000 barrels per day, which is not an insignificant amount when compared to the rest of OPEC, which is responsible for roughly 40% of the world’s oil exports. Overall, OPEC’s production in April was down about 390,000 barrels a day, which shows you just how significant the situation in Nigeria was. Even Saudi Arabia, the world’s largest exporter of oil, saw their supplies dwindle by around 40,000 barrels per day.
With President Bush’s recent trip to Saudi Arabia, the country has agreed to increase their production by 300,000 barrels a day immediately in order to help offset the increased cost of oil. Furthermore, they have made a commitment to boost their capacity to 12.5 million barrels a day by the end of the year. This would represent a massive increase from their current 9 million barrel production capacity and many analysts are hoping that will put a dent in oil prices when 2009 rolls around.
Technorati Tags: political unrest, american dollar, oil demand, oil supply, oil exports, saudi arabia, financial analysts, oil price, oil production, opec, oil prices, india, china
