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Daily Archives: July 26, 1996

Flawed NAFTA really stuck it to U.S. workers

Supporters of the North American Free Trade Agreement–implemented two years ago with great fanfare–have been suspiciously quiet lately. And with good reason, as it turns out, since the problems facing workers in all three countries have grown substantially since NAFTA. ...

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Assess self before seeking partnership

“There is nothing to fear but fear itself.” –Franklin Delano Roosevelt One of the significant challenges facing non-profits today is the demand for cost-effective, quality services. Government funders, public contributors and consumers are clamoring for “more for less” as the ...

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Need to rely on non-traditional collateral growing

With the advent of the service economy and the growth of many computer-and technology-related companies, the demand for capital has been dramatic. In offering financing to these types of companies lenders and investors frequently are faced with the need to ...

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Comic strips earned stamp of approval

I admit it: It’s an obvious case of gross parental failure and surrender to the sinister electronic forces that surround us. Is it possible for the comics to compete with TV, video and rented movies? It’s a question of glitz, ...

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Commitment pays

First, Frontier Field opened to sellout crowds. Then, back-to-back news of private development in the High Falls district arrived. It all was enough for Rochester Deputy Mayor Jeffrey Carlson to exult: “What’s happening is what we said would happen.” The ...

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Strong Memorial workers
ratify two-year deal

Strong Memorial Hospital employees have ratified a new two-year contract and canceled a one-day strike originally called for Monday. Nearly 900 hospital and University of Rochester Medical Center staff are covered by the agreement reached with Local 1199-Rochester. It is ...

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Edith Martin:
Preparing for an information shake-up at Eastman Kodak Co.

Edith Martin just bought a spread in Wyoming, a ranch and in a separate deal an adjacent outfitting firm that runs wild-sheep hunts in the area. Martin, named Eastman Kodak Co.’s chief information officer in January, will not say how ...

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FSBOs market offers ripe opportunities for Realtors

The National Association of Realtors research department produces some outstanding publications for use by real estate professionals. One of the more recent ones is entitled “Targeting Prospective Homebuyers and Homesellers.” This report, which is based on extensive survey work with ...

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High-tech fabric shores
up the building trade

Perhaps the most exciting building material to appear on the scene of contemporary architecture in recent years is not some sophisticated plastic or ultrahigh-compression concrete material, but a type of cloth. However, to just use the term “cloth” for this ...

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Write-offs, zoning breaks prompt property donations

So he decides to give the building to a non-profit agency. Now, says Louis D’Amato, a local real estate attorney who cites this example, instead of owing tax on $9 million, the owner gets a tax deduction of $10 million ...

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In closing commercial deals, expect obstacles, a long wait

When he first started selling commercial real estate, Allan Moore went more than a year without earning a penny. Later in his career, Moore–a principal of Moore & Associates Inc. in Rochester–devoted 18 months to a single deal that finally ...

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County to privatize area golf courses

Monroe County has chosen Jack Tindale, the pro at Genesee Valley Golf Course, to take over operations of the county’s three public courses. “This is a classic case where government needs to get out and let business handle it,” said ...

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Some health care reps upset with state budget

Rochester hospitals and insurers were generally pleased with the health care-reform measures in the new state budget, but long-term-care providers are frustrated. “There was truly nothing positive in the way of new initiatives and a continuation of all the bad,” ...

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Former Sayett changes stock listing, closes financing deal

The transformation of the former Sayett Group Inc. continues. The company last week received formal approval from NASDAQ to change its stock listing to Spatialight Inc., trading under the symbol SLHT. The company, which moved its headquarters from Rochester to ...

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Former Scientific Radio
CFO guilty of charges

Former Scientific Radio Systems Inc. chief financial officer Thomas Herstine has pleaded guilty to embezzling more than $40,000 from the financially troubled Rochester company. He is scheduled for sentencing Oct. 10. Herstine did not personally pocket the funds–taken from employees’ ...

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