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Politics of plenty

For nearly 30 years, federal deficits have defined the nation’s political landscape. Through myriad changes one thing stayed the same: annual red ink. No longer. On Monday, President Bill Clinton said he intends to propose a balanced federal spending plan ...

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It’s time to rally
around Kodak

Dear Editor: The mayor of Rochester is to be congratulated for his recent article on streamlining government (“To help Kodak, streamline government,” RBJ, 11/28/97). Global competition is taking a toll on jobs in New York as well as in Rochester. ...

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Area native deserves
share of honor

Time magazine chose Intel Corp. chairman and CEO Andrew Grove as its 1997 Man of the Year to recognize “the person most responsible for the amazing growth in the power and innovative potential of microchips.” He’s a worthy recipient, a ...

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The Asian flu

In an attempt to contain the mysterious flu virus that emerged recently, authorities this week ordered the destruction of Hong Kong’s entire stock of chickens. For business, however, the focus remains on another potential source of epidemic: world finance’s Asian ...

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1997 business-news
quiz answers

Answers to the 1997 business-news quiz (Questions from the previous column) 1. Frontier Corp. 2. Michael Bovalino 3. University of Rochester 4. Xerox Corp.’s Linda Becker 5. Motorola Inc. 6. Joseph Rulison 7. The Times-Union 8. Former Gannett Rochester Newspapers ...

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Do you know the
news? Let’s find out

It’s that time again. For the fourth year in a row, I’m going to test your knowledge of local business news. The following quiz is based on stories reported in the Rochester Business Journal during 1997. To make it easier–and ...

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Strength in numbers

At home, Eastman Kodak Co. discloses plans to lay off 6,300 people–part of a downsizing that has grown from 10,000 to 16,600 jobs in a little more than a month. Abroad, the Asian financial crisis threatens to knock the wind ...

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Sprewell deserved
harsher fate

Regarding Rick Woodson’s Dec. 12 column on Golden State Warriors basketball player Latrell Sprewell, thank you, thank you, thank you. Enough is enough. I hope the message has been sent and understood that athletes are not above the law or ...

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Has managed care
gone too far? Hardly

Back in the late 1980s and early 1990s, the cost of paying for employee health benefits rose at double-digit rates every year–some years approaching 20 percent. The news magazines wrote frenzied cover stories about what one called “the crushing cost ...

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No two-bit
agreement

This summer, the Clinton administration unveiled a report outlining its goals and principles in the realm of electronic commerce. The report addressed a range of issues–from taxation to security and privacy–and overall promoted a market-oriented approach. Last week, this policy ...

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Rochester needs a program
for growth

It is well-known that economic growth in the past three decades has come from the emergence and growth of new companies. It should be obvious to all that the large companies in this community have been shrinking. Unfortunately, this trend ...

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Market realities

It was billed as the “best-documented case” of Japanese trade barriers ever assembled. But when a World Trade Organization tribunal issued its preliminary ruling last week, the U.S. government and Eastman Kodak Co. suffered a stunning defeat. The panel rejected ...

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The IT economy

For years, employment experts and policy-makers have wrung their hands about the growth of the service sector at the expense of manufacturing. They’ve seen the “new economy” and they don’t like it. But there is more to today’s economy than ...

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When getting stuck
in line takes a toll

It’s an underappreciated job, counting change all day, dealing with a cranky public, standing in the booth, trying to stay warm in the winter and cool in the summer, responding again and again, all week long, to the same requests ...

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To help Kodak,
streamline government

According to the Business Council of New York State Inc., “property taxes–63 percent above the national average–are a significant competitive problem for businesses in New York.” The property tax is a local tax, raised and spent locally to finance local ...

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