The recent announcements by Barclays and ANZ to offshore more work to India were said to be strategic moves by the three banks. Barclays in particular said this move was a part of its globalization efforts and would put in place a structure to further the efforts.

http://www.tradingmarkets.com/.site/news/Stock%20News/1852369

As many as 8% of IT workers have been displaced by offshore outsourcing, either through job loss or an involuntary transfer to a new job by their employer, which is twice the rate of workers in other occupations

http://www.computerworld.com/action/article.do?command=viewArticleBasic&articleId=9113755&intsrc=hm_list

U.S. companies are pulling back hard on IT spending as the economic downturn continues, a new study by ChangeWave Research has found.

http://www.pcworld.com/businesscenter/article/150368/study_grim_outlook_for_us_it_spending.html

Chip maker Intel spent $500,000 in the second quarter to lobby on climate change legislation, export control rules and other trade issues, according to a recent disclosure form.

Intel also lobbied on efforts to map and expand the availability of high-speed Internet access following the switch of television broadcasters from analog to digital signals in 2009, and on H-1B visas for high tech workers.

http://www.tradingmarkets.com/.site//news/Stock%20News/1846826

When students get loans this year, they will pay more for them. In at least some cases students are looking at rates of 23 percent. With those numbers a young person might be better off borrowing from the mafia.

http://www.thenation.com/doc/20080901/howl2

The Wage and Hour Division maintains the list below of willful violator employers under the H-1B program
This list is effective as of August 7, 2008.

http://www.ilw.com/immigdaily/news/2008,0818-h1b.shtm

a recent survey shows that one in every four CVs submitted for an IT job contains some kind of discrepant information.

http://economictimes.indiatimes.com/articleshow/3372981.cms

The software giant also lobbied on H-1B visas and immigration legislation that would give U.S companies access to more highly skilled foreign professionals.

http://www.forbes.com/feeds/ap/2008/08/14/ap5325283.html

The trade group also lobbied on H-1B visas and immigration legislation, as well as funding for science, technology, engineering and math education.

http://www.forbes.com/feeds/ap/2008/08/14/ap5324062.html

The State of North Carolina has just given an economic incentive grant to HCL Technologies, a company based in India, which is significantly involved in talking US companies into laying off their American workers to have their work shifted overseas to India and China.

http://www.theconservativevoice.com/article/33917.html

http://www.reuters.com/article/gc03/idUSN1338505720080814

Greenspan said one possible means of kick-starting home sales may be expanding the quota of skilled immigrants allowed into the country.

http://www.boston.com/realestate/news/blogs/renow/2008/08/greenspans_tips.html

Salinas, like much of California, is facing a housing slump and a surge in foreclosures. But the rental market is humming along thanks to its proximity to Silicon Valley, where high-paying tech jobs are plentiful and housing costs, relatively affordable

http://www.businessweek.com/lifestyle/content/aug2008/bw20080814_791866.htm?chan=top+news_top+news+index_news+%2B+analysis

According to consultancy Technology Partners International, this year could be a record year for offshoring contracts, The contracts awarded in the first half of 2008 were worth more than at any time in the last three-and-a-half years, and the volume is projected to grow by 10 percent to $87.4 billion.

http://www.cfo.com/article.cfm/11949318/c_11919859?f=home_todayinfinance

The lower productivity level of the Indian providers is shown by their smaller revenue per employee compared to global services giants IBM, Accenture and EDS.

http://www.vnunet.com/vnunet/news/2223966/indian-providers-reduce

An Edison resident previously arrested for conspiracy to commit immigration fraud has been granted permission to resume work at the company he owns, which federal authorities claim was used to provide work visas and green cards for immigrants who did not actually work there.

http://ems.gmnews.com/news/2008/0813/front_page/009.html

Fragomen, Del Rey, Bernsen & Loewy, a prominent New York immigration firm, is being audited by the Labor Department for possibly giving too much assistance to clients that seek green cards for foreign workers. Today, the firm fired back with a suit claiming that some of the department’s rules are unconstitutional.

http://blogs.wsj.com/law/2008/08/08/green-card-lovin-law-firm-fights-labor-department

Tech workers don't have standing to fight Bush administration visa move

http://www.computerworld.com/action/article.do?command=viewArticleBasic&articleId=9111963

Almost 50,000 IT positions lost in last 12 months

The number of newly laid off people signing up for jobless benefits last week climbed to its highest point in more than six years as companies cut back given the faltering economy.

The latest snapshot of layoff filings was worse than analysts expected. They were forecasting new claims to drop to around 430,000.

http://money.cnn.com/2008/08/07/news/economy/jobless_benefits.ap/index.htm?cnn=yes

http://www.theinquirer.net/gb/inquirer/news/2008/08/06/apple-gets-sued-indentured

The network of bogus universities was a family-run venture based in rural Washington state, but the criminal enterprise spanned the globe, with its operators allegedly paying bribes to Liberian officials and selling fake PhDs and MDs as far away as Iran.

http://www.chicagotribune.com/business/content/education/chi-diploma-mill-04-aug04,0,2164133.story

At a time when scores of companies are freezing pensions for their workers, some are quietly converting their pension plans into resources to finance their executives' retirement benefits and pay.

http://online.wsj.com/article/SB121761989739205497.html

Employers shed jobs in July for the seventh consecutive month and the national unemployment rate rose to 5.7 percent, the Labor Department reported Friday

http://www.mcclatchydc.com/227/story/46146.html

Sun is trying to hold down its operating expenses in part through job cuts. Last month, the company said it would cut 1,000 jobs, or 3% of its total work force, as part of a plan announced in May to cut as many as 2,500 jobs.

http://blogs.wsj.com/biztech/2008/08/01/sun-us-tech-market-wont-shine-soon

Gartner released its 2008 IT market compensation study this week and the news was anything but upbeat. Projecting that IT organizations would be cautious about their 2008 and 2009 hiring plans due to IT budget cuts, a decline in IT hiring is anticipated.

http://blogs.zdnet.com/careers/?p=140

Federal agents have arrested a Riverside man who they say made $5 million by charging illegal immigrants for fraudulent work visas and employment records.

http://www.pe.com/localnews/inland/stories/PE_News_Local_S_visa01.47edb3e.html#