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Opinion

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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Are truth, honesty
things of the past?

He was the first president of the United States, chosen unanimously at the Constitutional Convention in Philadelphia. Before that he was a general during the American Revolution. He was at Valley Forge and crossed the Delaware River standing in the ...

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Good times

As usual, Federal Reserve chairman Alan Greenspan’s annual remarks to Congress on the state of the economy this week contained numerous warnings and qualifiers. He told investors and lenders they should not let the good times go to their heads. ...

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Like business, investors
should go global

We have major offshore players here: Eastman Kodak Co., Xerox Corp., Bausch & Lomb Inc., IBM Corp.–companies that attribute their success in large part to doing business overseas. The importance of participating in global markets is obvious to them. But ...

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Measuring progress

In the 1950s, more than 2 million New Yorkers were employed in manufacturing. That number soon began to fall–and with few interruptions has continued to fall. By 1993, fewer than 1 million New Yorkers worked in the manufacturing sector. Not ...

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A give-it-all-away
survival strategy

For a time, Netscape Communications Corp. was known as the fastest-growing software start-up in history. Even before the company saw a penny of profit, it went public and watched its market capitalization immediately soar into the billions of dollars. That ...

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A federal matter

What’s the most effective way to foster business competition? A hands-off approach by government usually works best. But not always. A prime example is the current effort to reduce the sky-high airfares that midsize cities have endured for years. In ...

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Let the Games begin

Tonight in Nagano, Japan, athletes from dozens of countries around the globe will gather to take part in the opening ceremonies of the Winter Games, eager to begin vying for Olympic gold. For Eastman Kodak Co. and Fuji Photo Film ...

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Kids are winners
in New York revival

“To turn New York around, we have to focus on two priorities: jobs and kids,” said the institute’s book, “The Comeback State.” “Our failure to produce jobs,” it said, “is directly responsible for many of New York’s worst problems–for much ...

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Playing ball in the
legislative season

Now that we are entering another fertile legislative period in Albany and Washington, and are trying to survive the overwhelming number and scope of regulations that emerge from government at all levels, it seems appropriate to share with you many ...

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The two Clintons

The Bill Clinton who delivered the State of the Union address Tuesday night is a masterful politician who can rightly claim a resurgence of American strength and prosperity since he entered the White House. This is an era of peace ...

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Predictions hard when
you keep score

Some time ago I predicted that someone eventually would ask me that question. I was absolutely certain that they would. But I was absolutely wrong; no one ever did. I had to resort to asking myself my own question. I’m ...

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