A Tutor Half a World Away, but as Close as a Keyboard, by Saritha Rai.

“Growing Stars is one of at least a half-dozen companies across India that are helping American children complete their homework and prepare for tests. As in other types of outsourcing, the driving factor in ‘homework outsourcing,’ as the practice is known, is the cost. Companies like Growing Stars and Career Launcher India in New Delhi charge American students $20 an hour for personal tutoring, compared with $50 or more charged by their American counterparts. Growing Stars pays its teachers a monthly salary of 10,000 rupees ($230), twice what they would earn in entry-level jobs at local schools.”

Fantastic! Ain’t globalization grand?

Our apartment in Beijing is being built by these guys. They recently did a share offering in Hongkong (H shares), which is good because it means I can keep a close eye on the company via their stock price.

Guangzhou R&F Properties Co., Ltd., Daily Chart