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Showing posts with label Due to Global Recession in IT Industry all Major IT Companies Like Infosys. Show all posts
Showing posts with label Due to Global Recession in IT Industry all Major IT Companies Like Infosys. Show all posts

Wednesday, 2 January 2013

Recession Babies may be more likely to be Teen Delinquents


A new analysis of data on U.S. teens born during the early 1980s ties slightly higher rates of adolescent smoking, drinking, arrests and thefts to macroeconomic conditions during the first year of life.






What was "striking for us was it basically went across all socioeconomic strata," said Dr. Seethalakshmi Ramanathan, the lead author of the study. "From a national level, it seems like everyone is affected."

Ramanathan's study focused on babies born around the time of the recessions of 1980-1981 and 1982, when unemployment rates around the nation ranged from 6.6 percent to 11.25 percent, but she said she wouldn't be surprised if the most recent recession also has a lasting impact.

"The mechanisms involved maybe different in intensity and severity, (but) based on the study it seems like there would be some effects," said Ramanathan, a researcher at State University of New York Upstate Medical University.

Earlier research has suggested that widespread economic strain might negatively impact kids in the short term.
One group of researchers found that the rate of serious physical abuse towards children spiked as the U.S. economy crashed in 2007.

To get some sense of how recessions might affect children long term, Ramanathan and her colleagues used a 1997 survey of nearly 9,000 children who were born in the U.S. between 1980 and 1984.

The questions asked about drug, alcohol and gun use, arrests, theft and other behaviors.
The researchers were able to determine the economic circumstances for the region in which each kid spent his or her first two years of life.

They found that some of the delinquent behaviors were more common among children who were surrounded by higher unemployment during infancy.

For instance, the teens were nine percent more likely to use marijuana if the region where they celebrated their first birthday experienced a one percent drop in employment during the early 1980s.

This means that instead of 20 out of every 1,000 kids smoking pot, the increased risk in higher unemployment regions would result in 23 pot smokers out of every 1,000 teens.
Such an increase nationwide would result in 115,000 additional pot smokers, the group estimates in its report, published in the Archives of General Psychiatry.

"That's a big number when you look at it," Ramanathan told Reuters Health.
The risks for being arrested, joining a gang, stealing, and using alcohol and tobacco also increased between 6 percent and 17 percent among kids who were babies in areas experiencing a spike in unemployment.
The findings held up regardless of whether the kids grew up in wealthy homes or poor ones.
"These results suggest that, irrespective of socioeconomic status, unfavorable economic conditions during infancy may create circumstances that can have an adverse effect on the psychological development of the infant and lead to the development of behavioral problems," the authors wrote in their study.
Assault, and the use of hard drugs or guns, however, were not affected by employment rates.
Ramanathan said it's not clear why certain behaviors were more likely in regions impacted by the recessions.
"People have talked about how economic stability can help parents invest in the child's development and how economic instability can affect family dynamics and the ability to be an effective parent," she said.
But she added that this is speculation, and more studies need to unravel the factors that are taking root in infancy and spilling out in teenage delinquency.
"We can't say high unemployment caused the effects. We don't know what the mediating factors are," Ramanathan said.



When Your Time is Good 
You Become Speaker
Every One Listen You

When Your Time is Bad
You Become Listner
No  One Would Listen You

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Singapore Dodges an Expected Recession
New York Times
SINGAPORE — Singapore's economy grew in the past three months of 2012, avoiding an expectedrecession as services put in a strong showing and gross domestic product figures for the first three quarters of the year were revised downwards, data ...
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Singapore Growth Beat Estimates Last Quarter to Avert Recession
Bloomberg
Singapore Grows and Averts Recession. Singapore's economy expanded more than economists estimated last quarter, averting a recession even after the central bank refrained from monetary stimulus as it sought to contain elevated inflation. Gross domestic ...
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Spanish Inflation Unchanged as Deficit Fight Deepens Recession
Bloomberg
The Brussels-based European Commission suspended its budget-cut prescriptions for Spain in November after the 17- nation euro area fell into a recession. The European Central Bank lowered its economic forecasts last month, predicting a contraction of ...
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'Fiscal Cliff': Congress Approves Compromise Aimed at Averting Recession
ABC News
The House of Representatives has approved a bipartisan Senate deal to avert the "fiscal cliff" and preserve Bush-era tax cuts for all Americans making less than $400,000 per year. The compromise is now on its way to President Obama for his signature.
See all stories on this topic »

ABC News
Are recession babies prone to riskier behaviors?
Fox News
Ramanathan's study focused on babies born around the time of the recessions of 1980-1981 and 1982, when unemployment rates around the nation ranged from 6.6 percent to 11.25 percent, but she said she wouldn't be surprised if the most recent recession ...
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Oil Prices Rise as Fiscal Cliff Recession Fears Recede
DailyFinance
The price of oil jumped by more than a dollar on Wednesday, to above $93 a barrel, after U.S. lawmakers passed legislation to avoid a fiscal cliff that could have pushed the world's biggest economy into recession. The U.S. House of Representatives ...
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Recession babies may be more likely to be teen delinquents
CBS News
The state of the economy during a child's infancy may have an influence on their level of substance abuse and delinquent behavior later in life. Researchers discovered that there was a strong correlation children born during high unemployment rates ...
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CBS News
Eurozone industry still locked in recession
Deutsche Welle
At the end of 2012, the eurozone remained locked in recession, which was reflected by the 17th consecutive monthly drop in the purchasing managers' index (PMI) released by British research group Markit on Wednesday. The London-based group said the ...
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Deutsche Welle
Singapore Avoids Recession With Modest Growth in 4Q
Fox Business
Singapore's economy unexpectedly grew in the fourth quarter on a rebound in services, avoiding arecession, but the city-state's expansion remains tepid, with manufacturers hobbled by curbs on foreign workers and weak overseas demand. "It's good that ...
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We're All Declinist Pundits These Days; Recession-Proof
Foreign Policy (blog)
Most political observers in China today might qualify as what Joseph Nye calls "declinist pundits," those who have seized the recent U.S. economic recession as proof of America's diminishing global power ("Who Won the Great Recession?" November 2012).
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Friday, 2 November 2012

Would Major IT Companies honour all campus offers ? Due to Global Recession in IT Industry all Major IT Companies Like Infosys, TCS, Wipro, Micosoft, Yahoo are considering Deferment of Joining dates of All Campus Recruits.


 Due to Global Recession in IT Industry all Major IT Companies Like Infosys, TCS, Wipro, Micosoft, Yahoo are considering Deferment of Joining dates of All Campus Recruits. 




Falling margins and an unplanned salary increase have pushed Infosys to embark on a major austerity drive. The details are not clear yet, but it certainly includes a freeze on business class air travel and deferment of joining dates of 17,000 campus recruits.

The IT major's CEO, S D Shibulal, has sent a mail to employees saying that the company's expenditure for the year had risen too high on account of its Lodestone acquisition and salary increase. The mail goes on to say that the cost-cutting measures would be implemented in a phased manner.

A company spokesperson said, "In a tough business environment, Infosys has decided to take certain cost optimization measures. These are necessary for the company to continue making strategic investments and afford the rollout of the compensation increase."

The joining dates for campus recruits have been deferred for three months from the date of joining that was communicated to them previously. Several people tweeted that their joining dates had been extended to February; some said April.

The Infosys spokesperson said the company would honour all campus offers. The company has introduced an online training programme to keep these new hires engaged till they formally start work. "The completion of this training will not only give these recruits a headstart in their career with Infosys, but also reduce their planned six months training programme at our Mysore campus by up to two months," the spokesperson said.

Anticipating a bevy of queries from thousands of campus recruits for specifics around the deferred joining dates, Infosys has set up an exclusive online chat line. "This will help us address additional queries from them and also help them gather details about our online training programme. This will be in addition to our personal communication and addressing queries through emails," the company said.

There's also a freeze on long-haul business class air travel by its senior executives, including the CEO. "Business class is a privilege available to senior leaders in the company for long haul travel. In our drive to optimize travel costs, the senior leadership has decided to lead by example and forgo this privilege," the company said.

Infosys's operating margin has been dropping consistently for several quarters now. In the quarter ended December 2011, it had a 31.2% operating margin, but this was down at 26.34% in the last quarter. The September quarter alone saw a surprisingly sharp fall of 166 basis points. The salary increase of 6% announced last month, which many believe was done under pressure because rivals had given increments earlier in the year, will increase margin pressures in the coming quarters. Infosys normally announces salary increases in April, but this year it did not do so citing uncertain business conditions.

By Capt Shekhar Gupta
              Maani Sharma [ MBA Aviation ]



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