Alumnus speaks on U.S., India Relationship

first_imgNotre Dame alumnus Tim Roemer spoke Wednesday about the advances in technology that have transformed interaction and communication between the United States and India. Roemer, a Notre Dame alumnus, former U.S. Congressman [D-IN-3] and former Ambassador to India, spoke on the nature and importance of the United States’ interactions with India. The lecture, titled “Twitter, Buffett, and Darwin: India and the United States Relationship,” was the second installment of the Distinguished Lecture Series, co-sponsored by the Liu Institute for Asia and Asian Studies and the Kellogg Institute for International Studies. As India’s economy develops and its middle class grows and becomes more and more successful, Roemer said the country is becoming one of the biggest markets in the region for innovative technology. India also is home to a large number of English speakers and maintains a good relationship with the U.S, Roemer said. The region as a whole has an emerging middle class that is bigger than the entire U.S. population, he said. To illustrate the opportunities technology provides to that middle class, Roemer showed a photograph of a woman wearing traditional dress, carrying a metal pot on her head and talking on a cell phone, which he said would have cost $15. The woman, Roemer said, along with a hundred others, was transporting dirt from a construction site. “She is a small-business owner,” Roemer said. “She’s on this phone while she’s working at this job, and she is calling, as a small-business owner who grows flowers – she on that phone is hiring two new people because she just got a text from Twitter that the price of flowers has gone down, and she can afford two new employees. … That phone is life-changing for that woman, as a business owner.” Roemer said the elevation of millions of people from poverty to the middle class has impacted hugely both business and trade. If India’s economy continues to grow – which, he said, is not guaranteed – multinational firms are going to shift their focus to Asian markets. “If you are an international business and you want to succeed in the next 30 or 40 years, are you going to keep selling in the U.S. and EU and depend on 50, 60, 70 percent of your sales there, or are you going to expand into those markets right there?” Roemer said. “That’s this middle-class migration that is absolutely essential for the U.S. to get a hold of, to understand, and to entice our manufacturing companies to create jobs here . . . there is a real incentive, given these trends, to do more and more manufacturing in the U.S. and export these products into these new middle-class markets so you can see the resurgence of American products in the U.S.” Roemer said that the development maintenance of a good relationship between the U.S. and India, especially India’s rising middle class, is crucial. He said the past three U.S. presidents have cooperated closely with India regarding national security as well as trade. The governments of both nations recently have “supported generally a health U.S.-India relationship,” he said. Despite problems like border disputes with Pakistan, inflation, and rising food prices, trade between the two countries is increasing, Roemer said. Roemer outlined three models for companies to emulate in order to take advantage of this relationship. First, he said the “Warren Buffett Model,” is best exemplified by General Electric [GE]. GE CEO Jeffery Immelt often holds board meetings in India to expose members to the country, culture, and market, he said. “Immelt has been very, very smart about teaching his company and getting some of his best leadership to go to some of these places,” Roemer said. “If you want to run the company and you haven’t had one of those tough assignments, … if you have run the company, and you’ve been president of India, of Nigeria, of Indonesia, you really are going to see where the future of GE is.” Second, Roemer said the “Winston Churchill Model,” is best exemplified by Starbucks. CEO Howard Schultz tried to enter India in 2005 but was not successful, he said. In 2010, however, Starbucks returned. But, the company made several fundamental changes, such as partnering with Indian companies and using domestic products.  “He figured it out, and that is the Churchill Model – try it, don’t ever give up, come back again and again,” Roemer said. “That’s Churchill’s great commencement speech – never ever, ever, ever, ever give up. Schultz did not, and I think he’s onto the right thing now, and I think he’s going to succeed in India. Third, the “Darwin Model,” is an “evolutionary model” best exemplified by IKEA, he said. When it entered the Chinese market, Roemer said Ikea changed almost everything about how it presented its products, from its value proposition to its promotions to where it manufactured its products. “You have a completely different model for almost every value network and category from Europe to China. IKEA is just going into India now, and it will be a hybrid of these two approaches,” Roemer said. “It will change again.” The U.S.-India relationship is positive now, Roemer said. This relationship will remain important because India is civically engaged, religiously diverse, and respects the rule of law, he said. “That potential influence in the entire region as India grows in confidence, as India grows in influence, as India grows in articulating its foreign policy and working with other countries is absolutely and potentially profound in the future,” Roemer said. “I’m betting that future presidents are going to see this, see the economic and religious and political advantage and continue to make this one of the most important relationships in the world.” Contact Emily McConville at [email protected]last_img read more

NOTORIOUSLY PRETTY – McGregor vs Mayweather

first_imgOn Tuesday, July 11, 2012, the pair appeared in front of thousands of fans at a news conference in Los Angeles – both with venomous words enough to sink a ship. McGregor was the first of the fighters to taunt their rival“Little legs, little head…the movement, power, ferociousness – he has not experienced this…” McGregor said.Mayweather responded in kind “I guarantee you’re going out on your face or your back. We know ‘Mr Tap Out’ likes to quit and you will wave that white flag.”The LA conference was the first of four events called to promote the Las Vegas fight which will reportedly earn each man around one hundred million dollars ($100m). Surely, it seems the reward for the combatants is the drive as this fight most likely in years ahead wouldn’t be dissected by scholars, or put in jars containing jots of some of the great Boxing bouts.To those on the ‘circus’ divide, and the few eagerly anticipating this blockbuster, one thing is certain, we all would be entertained, even more than the bore fest that was Floyd Mayweather Jr. vs. Manny Pacquiao.Photo Credit – ReutersRelatedVIDEO: Watch Jose Mourinho Give His Verdict On Mayweather Vs McGregor FightAugust 25, 2017In “Sports”Mayweather v McGregor: Fight Will End Early And “Won’t Go The Distance”, Says MayweatherAugust 11, 2017In “Sports”VIDEO: Watch Floyd Mayweather Defeat McGregor To Make Boxing HistoryAugust 27, 2017In “Sports” Boxing – A COMBAT sport in which two people wearing protective gloves throw punches at each other for a predetermined set of time in a boxing ring.Mixed martial arts (MMA) – A full-contact COMBAT sport that allows both striking and grappling, both standing and on the ground, using techniques from other combat sports and martial arts.This isn’t a definition class, but an article on what I term an “acceptable anomaly” on the proposed BOXING bout involving a career-long pugilist and a mixed martial artist.Goose bumps, Stomach butterflies, Mouth agape – were bit part reactions when the official announcement was made on a fight involving reigning UFC Lightweight Champion, Connor McGregor against American undefeated professional boxer Floyd Mayweather Jr. A former fighter, Bernard Hopkins tagged the fight “a circus”. Truly, it’s hard to carpet that remark albeit cynical from the former boxer.How does a man who all his life has mastered the act of engaging in professional combat with gloves battle he who knows not more than mixed martial art? It is much like having Jan-Ove Waldner, the man widely regarded as being the greatest table tennis player of all time; take on Lawn Tennis legend, Roger Federer – because (Tennis) is involved in their craft. Befuddling!Experts believe this fight is tolerable based on the definition above, both fighters are COMBATANTS.last_img read more

Zambrano set to avoid arbitration

first_imgZambrano has said he is seeking a salary similar to that of Barry Zito, who signed a $126 million, seven-year contract with San Francisco. Williams a no-show Bernie Williams was nowhere to be seen, and Yankees general manager Brian Cashman doesn’t think that will change. “It appears he made his decision. That’s all I can take from it,” Cashman said. “I’m assuming at this stage that he’s not coming.” Yankees position players took physicals Monday, a day ahead of their first workout. Manager Joe Torre, fighting a cold, went home before the end of Monday’s workout and didn’t speak with reporters. Torre had planned to call Williams again Sunday, and Cashman said he didn’t hear that a conversation took place. Chicago Cubs starting pitcher Carlos Zambrano said he expects to sign a one-year contract before today’s scheduled arbitration hearing. “I think it’s 85 to 90 percent that we don’t go to arbitration,” Zambrano said Monday. Zambrano caused a stir last week when he told WGN-TV he would leave as a free agent if he did not have a multiyear contract by opening day, but backed off that request. He earned $6.5 million last season when he was 16-7 with a 3.41 ERA, 210 strikeouts, then asked for $15.5 million in arbitration. The Cubs countered at $11,025,000, which is more than any player has been awarded. center_img Gagne throws Texas Rangers closer Eric Gagne threw off a mound for the first time at spring training Monday, completing a 37-pitch session with no complications. Gagne, who had as many surgeries (two) as relief appearances last season, said he will do some light throwing today before returning to the mound. Bunt singles The latest Manny Ramirez mystery surfaced when teammate Julian Tavarez said his close friend would arrive late at spring training. The Toronto Blue Jays and manager John Gibbons have agreed to a one-year, $650,000 contract extension, a team official said. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more