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Opinion

The trade problem

In February, the U.S. trade deficit jumped to $12.11 billion. Coupled with January’s $11.62 billion gap, the latest figure puts the deficit on a trajectory to produce the worst annual gap in nearly a decade. Release of the February numbers ...

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Power for Jobs a clear success

Dear Editor: Your March 27 article (“Energy program draws questions”) on Gov. George Pataki’s Power for Jobs program contained a number of inaccuracies about an extremely successful economic development initiative. Contrary to your report, no applications for Rochester-area businesses–or any ...

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A wish granted

For years, New York’s governor annually met in private with the leaders of the Assembly and Senate to hammer out a state budget agreement. The process, known as “three men in a room,” is one George Pataki throughout his career ...

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Insist on employee
health accountability

New York employers in 1994 spent more on health care–$3,631 per worker–than those in all but three states, according to the most recent figures available. Health care spending in the nine-county Finger Lakes region hit $3.7 billion in 1993, increasing ...

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The new rules

“Whom the gods want to destroy they send 40 years of success.” The wisdom of that proverb helps greatly to explain Xerox Corp.’s decision to embark on a worldwide restructuring that will eliminate 9,000 jobs, roughly 1,400 of them in ...

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Building own character
is leader’s task

Whether you are the CEO of a company, a Girl Scout den mother or a parent, you may know this all too well: The task of leading others presents challenges that can test the very essence of one’s character. As ...

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On the money?

Should publicly held companies reveal to shareholders non-financial measures of performance such as employee turnover, customer loyalty, and results of quality-control and waste-reduction efforts? Are the company’s disagreements with its auditors something that should be aired? Are details of the ...

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The CEO’s dog ate
the profits last year

“We are out of denial now. We were wishing (the problems) would go away. We were deluded by our own thinking.” When George Fisher uttered those words in a meeting with Wall Street analysts last November–as he disclosed a plan ...

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Buying time

A group of state, county and municipal officials from around the country last week said they had reached an agreement on Internet tax legislation before Congress. This makes it possible for the measure to move forward. The compromise hopefully is ...

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Legislature should
heed small business

I am a partner in a small business that employs 18 people. As president of the Small Business Council of the Greater Rochester Metro Chamber of Commerce Inc., I work with more than 400 small-business owners on a range of ...

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A stake in Kodak

Most companies these days want their employees to feel a sense of ownership in the business. Eastman Kodak Co. wants more. The photo giant this week unveiled a plan that could make each of its 90,000 non-management employees one of ...

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Beardstown Ladies
still on the money

After five books and numerous television appearances, the ladies have become revered as investment gurus, even accepting positions as paid experts on money management. Until last week, that is. The trouble started with a disclaimer in a recently published edition ...

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No translation needed

After some two years of consideration and debate, the Securities and Exchange Commission this week approved key rule changes for mutual fund prospectuses. The goal, said SEC chairman Arthur Levitt Jr., is to provide the industry “with an opportunity to ...

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New York needs
more tax reduction

And there are still more tax cuts coming–another $1.5 billion by the fiscal year starting in 2000. Those tax reductions mean nearly one in every six tax dollars is being returned to families, individuals and businesses in New York. No ...

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Spreading wealth

When the Dow Jones Industrial Average ended 1995 with a 33 percent gain, investment experts described it as a stellar year. When the Dow followed that performance with a 26 percent gain in 1996, the two-year spree was wildly applauded. ...

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