Big bank moves jobs to India

JP Morgan, which bought Bear Stearns and WaMu.

clipped from crooksandliars.com J.P. Morgan To Up India IT Outsourcing By 25% Remember a couple of decades ago, when they told us if we all re-trained for IT jobs, we'd always have jobs? [insert ironic laugh here...] And just to add insult to injury, exactly how much of our bailout money are they using to make our jobs go away? BANGALORE: The second-biggest bank of the US, JP Morgan Chase, which acquired Washington Mutual and Bear Stearns recently, will increase its outsourcing to India by 25% this year to nearly $400 million. It will also manage the integration of the acquired companies from India to bring down the cost of integrating different information technology (IT) systems.

What Does One Trillion Dollars Look Like?

A reminder of what's going on. Cubic cash rules, until it won't buy a loaf of bread at least.

clipped from www.pagetutor.com We'll start with a $100 dollar bill. Currently the largest U.S. denomination in general circulation. A packet of one hundred $100 bills is less than 1/2" thick and contains $10,000 this next little pile is $1 million dollars (100 packets of $10,000) $100 million is a little more respectable. It fits neatly on a standard pallet... And $1 BILLION dollars... now we're really getting somewhere... Next we'll look at ONE TRILLION dollars. This is that number we've been hearing about so much. What is a trillion dollars? Well, it's a million million. It's a thousand billion. It's a one followed by 12 zeros. (And notice those pallets are double stacked.) So the next time you hear someone toss around the phrase "trillion dollars"... that's what they're talking about.