Here is the US news from Bangalore (BBC) {outsourcing, offshoring}

[eppur_se_muova]

By Steve Schifferes
Economics reporter, BBC News, Bangalore

In a windowless office in central Bangalore, dozens of employees are arriving to work on the night shift.

They are journalists employed by the world's biggest news agency, Reuters.

Their job is to cover US financial news.

And they are working overnight so that they can report company news live as it happens on the New York Stock Exchange - from India.
***
In a word: salaries.
***
more: http://news.bbc.co.uk/2/hi/business/6289521.stm

[Deja Q]

1. They don't seem to mind the hours...

The pay (from their perspective) must be pretty good.

I don't expect the stock exchange to crash either; it'd take the world down with it.

[OhioChick]

2. More Cheap Labor...

"These Indian financial journalists can be employed by Reuters for a fraction of the cost of employing a journalist at their New York office."

[The Straight Story]

3. Something they could achieve by hiring people in the midwest really

Cost of living is less, rent on buildings is cheaper, etc. But they see two places - NY and another country. Pretty damned sad.

[ChromeFoundry]

5. soon...

we will become the writers for the Hindu Times, Financial section... because after all the jobs are gone from here, and we become a third world country, our salaries will drop below the salaries of the countries that we currently outsource to today. Such a shame how corporate greed can destroy a country.

[Turbineguy]

4. 15 or more years ago

my company (in containerized ocean shipping) opened a big transport center in Thailand. Every two weeks we would call in Sattahip (the run kept 2 "feeder" ships employed). I remember the company mag at the time with a rather striking cover picture. A young Thai woman with a nametag on her uniform that included the word "Permanent Employee" was holding up a box with a girl's doll (the doll's name escapes me now) but the box was captioned "A True Friend!"

The young woman looked rather non-plussed; it seemed to me that she must have been making dolls which she could not afford to buy, that were destined to be artificial friends for rich girls in America. The incongruity struck me.

So it must be for these people. They write stories about events and people that they cannot possibly relate to in any meaningful way.