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Opinion

The yen and us

Clearly, investors in U.S. stocks. On Monday, they responded to news that the Japanese currency had reached an eight-year low against the dollar by engaging in a major sell-off, sending the Dow Jones Industrial Average on a 207-point nosedive. U.S. ...

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Out-of-the-box
thinking is not so hard

What does it take to think “out of the box”? I used to believe it required special qualities that only some people possess. These days, however, it seems like out-of-the-box thoughts are a staple of the daily news. In the ...

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“Extraordinary”

In December 1996, Federal Reserve chairman Alan Greenspan worried aloud that “irrational exuberance” was elevating stock prices to unwarranted highs. This February, his annual remarks to Congress on the state of the economy contained numerous warnings; investors and lenders were ...

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Region must send right message

Dear Editor: Everyday on Wall Street, corporations are bought and sold based on the confidence that investors have in a particular stock. The leadership of the company, its marketing plans and timely investments in new products and services, and the ...

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The new trade push

It was not the most auspicious timing. President Bill Clinton’s new push for expanded free trade came only days before release of numbers showing a record U.S. trade deficit in March. But maybe the president’s timing was not so flawed. ...

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Unleashing the power
of deeper purpose

Jeremy Seligman, 46, is vice president and chief information officer at Frontier Corp. Before joining Frontier in 1994, he worked with Xerox Corp. for 10 years. Seligman, who holds an MBA in finance and a B.S. degree in education, recently ...

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Trading up

Call it the $53 billion question. What is the primary source of new manufacturing jobs in New York? If you think it’s the high-tech sector, guess again. The real driving force, according to a recent study conducted by the Public ...

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Sending cellular phones
to the showers

“You’re making that up, right?” Who me? I don’t make things up. And if I did, trust me, I would never be zany enough to claim I saw a guy in the shower room with his telephone. Sounds ridiculous, doesn’t ...

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Ferry in the future?

A Lake Ontario ferry laden with amenities carrying thousands of tourists between Rochester and Canada–it sounds like a great idea. It also sounds, as the immortal Yogi Berra would say, like deja vu all over again. Before the new proposal ...

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Our future depends on
regional quality

In New York, given the statutory structure of local government at the county and municipal level, there is not much incentive nor a vehicle for regional cooperation. Thus, anything that could occur must be the result of a conscious effort ...

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A downtown symbol

When a private-sector consortium stepped forward in June 1990 to complete the Hyatt Regency Rochester hotel, Mayor Thomas Ryan Jr. acknowledged that “without their involvement, the resumption of the project would have been exceedingly difficult.” If anything, that was a ...

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Manufacturing New
York’s prosperity

That message will be the key focus of New York State Manufacturing Week from May 8 to May 15, which is sponsored by the Business Council of New York State and various regional employer organizations around the state. A key ...

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A matter of shares

When the Dow Jones Industrial Average finished 1997 with a 22.6 percent gain, it marked the first time in history that the blue-chip index had recorded three straight double-digit annual gains. At the same time, Federal Reserve data shows that ...

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Sometimes I’d just
like to kill this app

E-mail has been called the killer app of the Internet. Each day, millions of messages travel the globe’s network or networks, transmitting information almost instantly and at virtually no cost. In general, I think this is a great thing. Personally, ...

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The euro era

Say au revoir to the French franc and auf wiedersehen to the deutsche mark. And say hello to the euro. This weekend, 11 of the 15 nations of the European Union are scheduled to set exchange rates for the new ...

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