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Opinion

The world
won’t wait

President Bill Clinton traveled to New York City this week to issue a warning about “the biggest financial challenge facing the world in a half-century.” No doubt, he welcomed the opportunity to talk about something other than the scandal enveloping ...

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Reunions give listeners
lots of practice

It’s painful to say that, but it’s the truth. It’s a little negative, I realize, but almost everything else that follows is positive. So when you get invited, you should certainly try to attend. You’ll feel better about yourself. Why? ...

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At what price options?

Eastman Kodak Co. chairman and CEO George Fisher has them. So does Xerox Corp.’s Paul Allaire. In fact, it might be difficult to find a top U.S. executive who has not received stock options. But now, options have moved far ...

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Prepare for
new-technology “takeoff”

In my experience, few senior managers recognize technology change as more than new software or hardware. It’s the exceptional organization that sees the big picture: that new technology changes the way people work to achieve bottom-line business goals. In short, ...

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The river is wide

The 1990s have not been easy on the American worker. Even as the economy has logged one quarter after another of robust growth, corporate downsizing has pushed many people out of their jobs. At the same time, income inequality has ...

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College savings:
the best-kept secret

As a result of recent tax law changes, taxpaying families now face a dizzying array of choices in how to most effectively save for college education costs. They include the new Education IRA and Roth IRA, U.S. savings bonds, zero-coupon ...

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Worth the wait

Everyone is trying to make a buck off the Internet these days. Especially tax collectors. More than a dozen states have placed levies of one kind or another on Internet access and e-commerce. As the information-technology sector of the economy ...

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New attitude key
to state’s prosperity

Many of those ideas will center on continuing to make New York more competitive on business costs, and on making our education and job-training systems more effective. We’ve asked Business Council members–thousands of businesspeople around the state–to help us develop ...

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Then and now

As August arrives, the White House is in crisis. International forces are squeezing the U.S. economy. The stock market is losing its grip. The year? It’s 1974. And Richard Nixon is soon to become the first U.S. president to resign ...

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Paper clips hold
unconventional wisdom

When Eastman Kodak Co. reported an unexpected jump in second-quarter earnings, Wall Street cheered loudly. However, some analysts seemed even more excited a few weeks later when new data showed Kodak had gained nearly 2 percentage points of U.S. market ...

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Unfinished business

A decade ago, $26 million was spent on the Main Street revitalization project. Today, anyone strolling west from Clinton Avenue on the north side of the street might wonder what that money bought. The East Main block between Clinton and ...

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Manufacturing comeback incomplete

Not so long ago, it seemed the news on this all-important sector was all bad. From 1989 through 1994, the Empire State bled an average of nearly 43,000 industrial jobs each year. In the six-county Rochester area, some 20,000 manufacturing ...

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No saving grace

On Monday, the Commerce Department reported that the U.S. savings rate in June reached a historic low of 0.2 percent. For those who failed to grasp the possible significance of that figure, the Dow Jones Industrial Average followed two days ...

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Chinese market not
for fainthearted

(Charles Goodwin, vice president of international trade and transportation with the Greater Rochester Metro Chamber of Commerce Inc. and executive director of the Chamber’s International Business Council, recently returned from a trip to Asia including the Chinese cities of Hong ...

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The hiring line

The rapidly growing information technology field now ranks as the nation’s largest industry. To continue at its current pace, the industry needs a ready supply of computer programmers and engineers. But such skilled workers are not to be found in ...

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