A New Capital of Call Centers

According to the NYTimes, the Philippines is overtaking India as a hub of call centers: http://www.nytimes.com/2011/11/26/business/philippines-overtakes-india-as-hub-of-call-centers.html?pagewanted=1&_r=2&partner=rssnyt&emc=rss. This is occurring in part because the Filipinos speak English much better than Indians and "are steeped in American culture." So will all the call centers that have moved to India during the past ten years or so move to the Philippines? Perhaps so because in today's globalized world companies want to take advantage of these opportunities. It might be cheaper to set up call centers in the Philippines because companies won't have to teach their employees about American culture.

"Optimal Taxation in Theory and Practice" by Greg Mankiw, Matthew Weinzierl and Danny Yagan

Since this concerns taxes, accounting majors might find this interesting: http://gregmankiw.blogspot.com/2009/06/optimal-taxation-in-theory-and-practice.html.

"Obama, the G20, and the 99 Percent" by Jeffrey Sachs

http://www.huffingtonpost.com/jeffrey-sachs/obama-the-g20-and-the-99_b_1069030.html.

"The Super Committee's Big Lie" by Jeffrey Sachs

http://www.huffingtonpost.com/jeffrey-sachs/the-super-committees-big_b_1103700.html.

AICPA: Allow U.S. Companies the IFRS Option Now

Something of interest for accounting majors: http://www.journalofaccountancy.com/Web/20114658.

The Obama Spending Non-Surge

http://krugman.blogs.nytimes.com/2011/11/27/the-obama-spending-non-surge/

Article on why Indian and Chinese entrepreneurs are leaving the U.S.

Interesting article by Vivek Wadhwa: http://venturebeat.com/2011/04/28/why-entrepreneurs-from-india-and-china-are-leaving-america/.