Google Vs Microsoft!

Microsoft network cannot still go beyond the Google, the search engine giant, in the Internet search market. Its new Bing Internet search engine, which it showed publicly for the first time will still provide search results for any term an online user types into it. But Bing is initially designed to provide a much richer search experience for people looking for information in four categories: shopping, travel, health and local businesses.

The strategy could give Microsoft a shot at peeling away users from rival search engines in some popular search areas that also offer lucrative opportunities for selling related advertising. But even if Microsoft is successful, it still faces the problem that Google and Yahoo could simply duplicate Bing’s features. Search engines have a long history of copying each other’s interface changes. In recent years, for example, all of them have begun suggesting related search terms and blending more photos and videos into their search results. “If some particular feature becomes particularly popular, it wouldn’t be terribly difficult for Google to mimic that feature,” says Greg Sterling, an Internet analyst with Sterling Market Intelligence, a research firm.

Bing faces another challenge as well: Microsoft’s own research shows that more than 60% of consumers say they are satisfied with existing Internet search engines. That doesn’t bode well for the company’s efforts to eat into Google’s 64% share of the U.S. search market, which far outstrips Yahoo’s 20% share and Microsoft’s 8%, according to comScore Inc. Microsoft’s approach of going after the four search categories mirrors attempts others have made to compete with Google by building so-called “vertical” search engines, which specialize in showing results in categories where Google’s results are perceived to be weak.

US Says no jobs for Indians?

The recession which has declined the world economy has forced obama to ultimate stress.Last November, Abhimanyu Gupta, an MBA student in New York University’s Stern School of Business, was on the top of the world when he landed a job offer from Bank of America’s investment banking division. This February , he felt right at the bottom of the abyss as the bank withdrew the offer and Mr Gupta’s world crashed just like the global markets.

Now, the 27-year-old chartered accountant, who left Mumbai in 2007 to become an investment banker in the world’s financial capital, plans to return home if he doesn’t get an offer by June when his course ends. With five months of recruitment time gone, Mr Gupta concedes that his chances of finding similar job in the US, which is battling the worst downturn in decades, are bleak. His chances are as bleak as hundreds of other Indian and foreign national students across top universities in the US, UK and other western economies, who now plan to go back home.

According to a recent study by the University of California, Berkeley, almost 84% of Indian students and 76% Chinese students in the US think it will be difficult to find a job in their field in the country. Even lenders are tightening the noose on international students. First-year MBA students, who were relying on loans from US banks to fund their second-year expenses, are in trouble because the banks have stopped lending to international students without co-signers .

The US has been in recession for 18 straight months now and has lost 5.1 million jobs so far. The world’s largest economy shrunk 6.1% yearon-year in the first quarter of 2009, following a 6.3% decline in the last quarter of 2008. A recovery is unlikely before the end of the year even in a best-case scenario.

Indian economy, which has seen a slowdown after growing at over 9% for three years, is still expected to grow at a healthy pace of 6-7 % in the current fiscal. India and China , the other emerging giant, are expected to bounce back faster and drive a global recovery. In fact, according to the University of California study that surveyed 1,224 foreign nationals from India, China and Western Europe, almost 86% Indian students and 74% of Chinese students believe their home countries’ economies will grow faster in the future than they have in the past decade.

While it may be easier for these students to find jobs in India, salaries here are not very attractive for most of them who are sitting on huge education loans. An MBA in a top western university costs anywhere between Rs 40 lakh and Rs 60 lakh. Also, many Indian students in the US are married and have families to support.

Obama Trims 2010 Budget?

President Barack Obama is on the view to trim down 2010 budget by $17 billion from a 2010 budget that will still hover around $3.5 trillion. President Obama speaks during his 100-day anniversary news conference in the East Room of the White House. About half of the proposed cuts would come from the defense budget, and a total of 121 programs in areas including education would be trimmed or scrapped, one official told a conference call with reporters.

Even with the spending reductions, the White House's own estimates suggest the deficit will be $1.17 trillion next year. Congressional analysts believe the gap could be $1.4 trillion.Obama officials said the administration would look for further cuts in the 2010 fiscal year, which starts on October 1.This is an important first step but it's not the end of the process.Obama, who has vowed to cut the country's ballooning deficit in half by 2013, was widely panned last month when he challenged agencies to find $100 million in savings. Critics pointed out that was about equal to what the government spends in 13 minutes.

Congress has already passed a $3.4 trillion budget blueprint that will guide tax policy and government spending for the upcoming fiscal year. It embraces many of Obama's top priorities.
But the budget details the White House will release on Thursday, which build on a bare-bones outline the new president submitted to Congress on February 26, could have an impact on those individual spending bills that will wind their way through Congress in coming months.