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Welcome to The Central New York Business Journal

Friday, July 30, 2010
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From the Publisher

Norman Poltenson is the publisher of The Central New York Business Journal. He founded The Business Journal in 1986, focused on providing business owners and managers the news and information they need to compete.

Contact him at npoltenson@cnybj.com

 

 

The federal government gravy train

Be thankful we’re not getting all the government we’re paying for.  — Will Rogers

Back in March, USA Today published an article which stated that federal workers averaged $75,419 in annual salary. The article went on to note the substantial jump in the number of those earning six figures, excluding overtime and bonuses.


Policymakers must nurture gazelles to create jobs

Every morning in Africa, a gazelle wakes up. It knows it must run faster than the fastest lion or it will be killed … When the sun comes up, you’d better be running. — African saying

In the late 1980s, David Birch, the president of the research firm Cognetics, Inc. in Cambridge, Mass., visited Syracuse to talk about gazelles.


Infinity and the national debt

There are two things that are infinite — space and man’s stupidity … and I’m not sure about space. — Albert Einstein

Headlines continue to blare that the U.S. national debt has now surpassed $13 trillion.


The case for capitalism

Economic downturns tend to sour Americans on capitalism.

The recession that began in December 2007 has been both protracted and severe. The bursting of the housing bubble revealed a mix of government policy which encouraged reckless lending; wild speculation; investors who exhibited little caution; phony financiers; borrowers who lacked the ability to repay their loans; and regulators asleep at the switch, lacking in sophistication to understand the industry they were regulating, or both.


Emerging From Our Economic Coma

America entered its economic coma around 1965. Until that point, federal-tax revenues and expenditures in peacetime were generally parallel.



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