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Opinion

After Dow 10000

In the late summer of 1994, stock market bears warned investors to pocket their profits and take cover. Thirteen months and 1,300 points later, the Dow Jones Industrial Average had topped 5000. Once again, the skeptics predicted a market comeuppance. ...

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Misinformation rules
for investors online

What I found was a woeful hodgepodge of misinformation and speculation, and an emotion-driven willingness to accept almost any posting as the investment equivalent of the Holy Grail. This volatile mix of greed, hubris, temptation and inexperience likely will spell ...

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New world order

Last summer, Frontier Corp. president and CEO Joseph Clayton described his vision for the company this way: “What I am trying to do is change a 100-year-old telephone company into an integrated-services provider driven by data for the 21st century.” ...

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Going bananas

Hit hard by the financial crisis in Asia, Russia and other parts of the world, U.S. exports last year fell for the first time in more than a decade as the nation’s trade deficit jumped to an all-time high. What ...

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RTS takes taxpayers for a ride

Dear Editor: It’s a subtle, innocent-looking heist by a business operation that needs to be arrested immediately before more taxpaying private enterprises decide New York is not a good place to do business. Please consider this scenario: You help cover ...

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Community partnership is key

Dear Editor: Improving the quality of life in our community has become a central issue. We live in a region that includes an urban center with one of the highest poverty levels in the state, surrounded by suburbs populated by ...

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The hour is late

For Xerox Corp., the number is $135 million. Eastman Kodak Co. puts it at $78 million, and Bausch & Lomb Inc. offers a range of $65 million to $75 million. All told, the tally for Rochester’s top 25 homegrown public ...

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Why ‘I Love New
York’ rings hollow

So printers across New York were understandably outraged at the recent announcement by the state government that the 1999 “I Love NY” Travel Guide would be sent north of the border to be printed by a Canadian printer. The contract, ...

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Riding out the storm

For U.S. exporters, 1998 was a year to forget. For the first time since 1985, the nation’s exports declined, sliding 0.7 percent to $931 billion. That decrease, combined with a $42 billion jump in imports, pushed the trade deficit to ...

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Paperless office
lost in the shuffle

No, there are not as many papers on the desk today as there were at the end of December, when I paused briefly from my regular duties for the annual desk inspection. You must understand that I enjoy being surrounded ...

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Help yourself

Fifty percent of small-business owners and chief executives nationwide think it at least somewhat likely that the United States economy will slip into a recession in the next 12 months. That’s one of the key findings of a recent poll ...

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Nothing dumb about
online investing

“Someday,” E*Trade Group’s marketing tag line predicts, “we’ll all invest this way.” Well, someday appears to be arriving quicker than anyone–even the folks who operate online brokerages–ever imagined. According to new research estimates, roughly 25 percent of retail stock trades ...

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Altered reality

In a commentary published in the New York Times a few weeks ago, Foreign Policy editor Moises Naim asked the following provocative question: “How can the impeachment trial of an American president have less of an international impact than the ...

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Momentum builds for
lower airfares

Rochester travelers pay the fourth-highest airfares in the country. Officials at one Rochester firm wrote me, “As the cost of a plane ticket climbs at an alarming rate, we’ve seen our expenses for airfare alone rise from approximately $10,000 per ...

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A right turn

In his first two years in office, Gov. George Pataki practiced the kind of fiscal restraint that warms the hearts of conservatives. His policies left most New Yorkers cold, however, and the governor’s approval rating plunged. The following two years ...

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