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Paul Ryan: Portrait of a radical
Radical. Extreme; favoring fundamental or revolutionary change in current practices, conditions, or institutions. When I Googled the words “Romney” and “radical” together, the metrics yielded 7.9 million views. When I Googled “Ryan” and “radical” together, the number of views rocketed to 25.3 million. I write this only three days after Governor Mitt Romney picked Congressman […]
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Radical. Extreme; favoring fundamental or revolutionary change in current practices, conditions, or institutions.
When I Googled the words “Romney” and “radical” together, the metrics yielded 7.9 million views. When I Googled “Ryan” and “radical” together, the number of views rocketed to 25.3 million.
I write this only three days after Governor Mitt Romney picked Congressman Paul Ryan as his running mate for the 2012 presidential campaign. The liberal media, which had already cast Ryan as an ideologue, now has added more brush strokes to his portrait as a radical. On the very day of Ryan’s selection, a Washington Post headline blared “With Ryan Pick, Romney doubles down on economic radicalism.” The New York Times called the now infamous “Ryan Plan” a brutal alternative to the Simpson-Bowles fiscal reform commission and copied President Obama’s attack on the Ryan plan as “social Darwinism” trusting in the dubious mercies of the marketplace. Not to be outdone, the Huffington Post painted Ryan as a rising star, “… but given his extremist views, it’s more porn than rock.”
The snarling cartoon character of the congressman portrayed by the liberal media casts him as taking the country backwards by pursuing the “reckless economic and social policies of the Bush administration.” Andy Ostroy, writing in HuffPost Politics, paired Ryan together with Romney as “… the sons of privilege … who lack empathy for those in need and who abhor government spending which helps those who don’t have rich daddies to give them jobs.”
So how radical is Paul Ryan? The Ryan plan, called the “Path to Prosperity,” does call for spending and deficit reductions not just in discretionary expenditures but also in entitlements. Ryan dares to touch the third-rail of politics by echoing what the trustees of Medicare are saying: the program is on the road to bankruptcy. The congressman proposes to safeguard Medicare by guaranteeing that those older than 55 retain their entitlement but offers options to those younger than 55 about their future health-care and retirement options. Erskine Bowles, the co-chair of the Simpson Bowles Commission, called Ryan’s Medicare plan “honest” and “serious.” The choice is up to the individual, a truly radical idea compared to the 80-year-old New Deal concept that one-size-fits-all.
As for the Ryan plan, it takes three decades to achieve its goal of balancing the budget. It doesn’t sound too radical to me, when our neighbors to the north only took one decade to balance the national books. “Path to Prosperity” also assumes that future Congressional leadership will exhibit restraint in spending to keep the country on the path to the radical idea of spending only what you can afford, an assumption that challenges Washington, D.C.’s historic record.
Let me paint a different picture of radical. President Obama claims that his administration “created” 4 million private-sector jobs. That goes beyond the classic definition of “chutzpah.” The idea that government creates jobs in the private sector goes to the top
of the list of radical ideas.
Where I do give the Obama Administration credit for creating “jobs” is in the field of disability. During his tenure, the number of people in the U.S. classified as “disabled” has grown about 20 percent. What’s more extraordinary than the rapid growth is the fact that it occurred during a severe economic recession, when typically the disabled rolls recede. What we are witnessing is a movement of those who received unemployment benefits for 99 weeks transferring swiftly to permanent government benefits. David Autor, economics professor at MIT, and Mark Duggan, professor of business economics and public policy at the Wharton School of Business, say that Social Security disability insurance “…appears in practice to function like a non-employability insurance program for a subset of beneficiaries.”
Here’s a radical idea promoted by our sitting president: Rich people don’t pay their fair share. The National Taxpayers Union says that the top 1 percent of federal income taxpayers (incomes in excess of $343,927) contributed 37.73 percent of federal income tax collected in 2009, the latest year for which full data is collected. The bottom 50 percent (incomes below $32,396) paid 2.2 percent. Since 1980, the federal income-tax burden on the top 1 percent has risen by nearly 38 percent, while the tax burden on the bottom 40 percent has fallen by more than 40 percent. Today, half of American taxpayers pay no federal income tax. Now, that’s radical.
Paul Ryan’s radical ideas include suggesting that our national greatness does not begin and end with government. He also doesn’t believe our national problems stem from a reckless promotion of free-market principles and global capitalism. The road to an American recovery is not assured if the top 1 percent would simply stop whining about higher taxes. Ryan has the audacity to say that our future depends on tackling the economic elephant in the room that the Beltway has ignored for too long. He’s a true radical because he doesn’t want to kick the can down the road any longer, burdening future generations with our profligacy.
The “Path to Prosperity” is radical to progressives because the plan dramatically reduces the role of government in our society and puts the emphasis back on individual liberties and choice.
The latest poll from John Zogby, managing director of JZ Analytics, conducted since the announcement of Ryan joining the Republican ticket put Romney even with Obama, a five-point improvement for Romney since Zogby’s last poll a few weeks earlier.
Ryan is not just a budget wonk; he’s a forceful communicator who can take complex issues and simplify them for the public to understand. The next three months will be a contest of facts against demagoguery, political sanity against fear-mongering.
Painting Paul Ryan as a bomb-throwing radical won’t work. I’m betting this November that the American people will see through the three-card monte which passes for our current economic policy and vote to put the country on a sound track.
Now that’s a radical portrait worth preserving.
Norman Poltenson is publisher of The Central New York Business Journal. Contact him at npoltenson@cnybj.com
HERKIMER — Annese & Associates, Inc. has been expanding into New England in recent years and company leaders are making plans to open an office there. The firm began its expansion into New England by pursuing work in Vermont in 2010, Annese President and CEO Ray Apy says. The company has an office in the
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HERKIMER — Annese & Associates, Inc. has been expanding into New England in recent years and company leaders are making plans to open an office there.
The firm began its expansion into New England by pursuing work in Vermont in 2010, Annese President and CEO Ray Apy says. The company has an office in the Albany area and so it made sense to start there, he says.
Annese has since gone on to pursue work in Rhode Island, Western Massachusetts, and Western Connecticut as well. So far, the company has been able to support its work from existing offices, including one in the Hudson Valley, Apy says.
That location is close to Fairfield County in Connecticut.
“It gives us proximity to existing resources,” Apy says. “It doesn’t make sense to hire a dozen people with no revenue. We just try to stretch a little further.”
Sometime in the next two years though, Apy expects Annese will have enough business to open an office in New England.
He says most of the company’s business in that market is concentrated in smaller communities and cities like Providence, R.I. The environment there is not too different from Annese’s upstate New York market and cities such as Syracuse or Rochester.
The customer base in New England is slightly different for Annese, Apy says. Most of the company’s work in New York is concentrated with state government, public schools, and the State University of New York system.
The company is chasing slightly different customers in New England, Apy says. Its business there is focused on health-care institutions and the commercial sector.
Right now, about 30 percent of Annese’s overall revenue comes from health-care and commercial work, Apy says. It generates the rest through public-sector work.
The company is trying to grow its commercial and health-care business throughout the country, Apy adds.
The firm was recently approved as a pre-qualified vendor for information-technology projects for the state of Vermont. The designation will allow Annese to pursue more work with state agencies there, according to the company.
Annese employs more than 100 people companywide and has offices in Salina, Clifton Park, Binghamton, Orchard Park, Brewster, Warwick, Pittsford, in addition to its headquarters on Route 5 West in Herkimer.
Annese installs and maintains video, voice, and data networks. The company has been adding managed services to its offerings in recent years.
The company can remotely monitor clients’ computer networks, manage energy systems, run collaboration and video-conference services, and operate wireless networks. Company leaders expect those services to drive growth in the years ahead.
It’s another reason expanding into New England made sense, says Christina Nordquist, a company spokeswoman.
“There’s that ability to service customers remotely, which is ideal for expanding further if you don’t have physical office space,” she says.
Annese generated total revenue of $62 million in 2011, up from $53 million in 2010. Altogether, Annese’s managed services generated revenue of $740,000 in 2011. The company expects to double that total in the next year or two.
Annese was founded in 1970. The firm’s founder, Frank Annese, retired at the end of 2008. Apy, who had been with Annese since 1998, took over as president and CEO.
Contact Tampone at ktampone@cnybj.com
Medical-device firms prepare for new tax
Sound bites erupted with such force after the Supreme Court’s decision on the national health-care reform law that it might have been easy to overlook a new challenge for a local industry. The law includes a 2.3 percent tax on the sale price of medical devices as part of its funding stream. Economic developers have
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Sound bites erupted with such force after the Supreme Court’s decision on the national health-care reform law that it might have been easy to overlook a new challenge for a local industry.
The law includes a 2.3 percent tax on the sale price of medical devices as part of its funding stream. Economic developers have pointed to medical technology as a current strength in upstate New York and talked of its potential for future growth for years.
“It’s substantial,” Welch Allyn President and CEO Steve Meyer says of the tax’s effect. “It has many companies, including us, really struggling through how to manage this.”
Welch Allyn, headquartered in Skaneateles Falls, manufacturers a range of medical devices from blood-pressure cuffs to ear scopes. The firm employs more than 2,700 people worldwide and 1,300 in Central New York.
The tax, which takes effect in January, is likely to affect all areas of Welch Allyn’s business. Nothing is off the table — including layoffs and other cost-cutting moves — when it comes to managing its effects, Meyer says.
Nationwide, the medical-device tax could result in more than 43,000 lost jobs, including more than 2,100 in New York, according to a study from AdvaMed, a national trade association for the medical-device industry.
Items bought by the public for individual use, such as eyeglasses, contact lenses, and hearing aids, are exempt from the tax. Also exempt are devices produced for export, according to the IRS.
One of the tax’s greatest dangers is its potential to hurt future investment, Meyer says.
“This is one of America’s prime industries,” he says. “This is a shining star on the hill in a lot of ways. And yet here we go again with another set of aggressive taxes which are going to impede our ability to effectively invest and effectively compete.”
U.S. medical-device companies are facing increasing competition from overseas firms, he adds. The new tax only adds another challenge.
Passing the cost of the tax to customers would be difficult in the current economic climate, Meyer says. In addition, much of Welch Allyn’s business is governed by contracts that range in length from three to five years.
Customers expect stable pricing, Meyer says.
The tax does have its supporters.
Health-care reform will increase the ranks of the insured in the country and could actually spark a bump in demand for medical devices, according to a report in support of the tax from the Center on Budget and Policy Priorities, a Washington, D.C. think tank. The new business could completely offset the effect of the tax.
In addition, the law’s focus on lowering health-care costs could spark more innovation in the industry, not less, as the nation is forced to develop new, more efficient ways to provide care, according to the report. The tax is also not likely to shift employment offshore as it applies equally to devices made domestically or overseas.
Most of the burden of the tax will be carried by the very largest medical devices companies, the report added.
ConMed Corp. (NASDAQ: CNMD) of Utica is fortunate that half its sales come from outside the U.S., CFO Robert Shallish says. None of those sales will be subject to the new tax, he notes.
ConMed products include a number of devices used in surgical settings. The firm employs 3,400 people and generated sales of more than $725 million in 2011.
The company is not likely to change any of its research and development activities as a result of the tax, Shallish says. He declined to comment on any specific steps the firm might take to cut costs.
Medical-device companies are still waiting for guidelines on the tax from the IRS, says Heather Erickson, former president of Syracuse–based MedTech, a regional trade association for the device industry. Erickson left MedTech on Aug. 1 to become president and CEO of the Life Sciences Foundation in San Francisco.
For smaller, younger companies, the tax could delay profitability, Erickson says. It also adds another hurdle when those firms are out searching for capital.
Bigger companies face significant additional reporting costs because of the tax, Erickson adds.
Final rules concerning the tax will likely emerge sometime in the fall, she says.
“That’s sort of where we are,” she says. “We’re waiting to hear from the IRS on how they’re going to implement this.”
Contact Tampone at ktampone@cnybj.com
SYRACUSE — The CASE Center at Syracuse University and the Central New York Technology Development Organization (TDO) are planning a new conference for this fall that organizers hope will spark more innovation among attendees. NEXT will take place Nov. 8 at the Holiday Inn Syracuse-Liverpool. Organizers are expecting 300 to 400 people will attend. The
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SYRACUSE — The CASE Center at Syracuse University and the Central New York Technology Development Organization (TDO) are planning a new conference for this fall that organizers hope will spark more innovation among attendees.
NEXT will take place Nov. 8 at the Holiday Inn Syracuse-Liverpool. Organizers are expecting 300 to 400 people will attend.
The conference is the latest event launched through the collaboration between TDO and CASE. The organizations previously ran the AccelerateCNY event for several years.
The goals for NEXT are to focus narrowly on what the two groups’ constituencies need and to attract higher-profile speakers, says Laura Welch, deputy director at the CASE Center. The event’s two keynotes will be delivered by Jeremy Rifkin, president at the Foundation on Economic Trends, and Robert Tucker, president at The Innovation Resource.
Both are noted authors. Rifkin has vast expertise in energy policy, alternative and renewable power, and leveraging built environments to create new energy infrastructures, says Robert Trachtenberg, TDO president and CEO.
Tucker is an expert in innovation and growth, particularly in the area of manufacturing, he adds.
“There’s no fluff in this conference,” Trachtenberg says. “This conference is focused on education and new ideas.”
Rifkin advised the government of France during its presidency of the European Union and has also served as an adviser to Chancellor Angela Merkel of Germany, Prime Minister Jose Socrates of Portugal, and Prime Minister Janez Jansa of Slovenia, during their respective European Council Presidencies on issues related to the economy, climate change, and energy security, according to NEXT. He has testified before Congress numerous times and been a fellow at the Wharton School’s Executive Education Program since 1994.
Tucker, a former adjunct professor at the University of California, Los Angeles, has been a consultant and keynote speaker since 1986. His books include “Winning the Innovation Game” and the bestseller “Managing the Future: 10 Driving Forces of Change for the New Century”.
Organizers are hopeful that the speakers will challenge audience members to think in new ways. They expect some ideas discussed by the speakers will be somewhat controversial, Welch says.
“We really want to inspire dialogue that will move conversations forward,” she says. “It’s a work day. People will come, they’ll be inspired by the keynotes, but they’ll leave smarter.”
Participants will walk away with ideas they can take home and apply in their businesses immediately, Welch adds.
Trachtenberg says the keynotes will challenge participants. They’ll hear ideas they haven’t heard before, he says.
NEXT will also feature smaller workshop sessions in four tracks including innovation and commercialization, technology trends, manufacturing excellence, and business growth.
The conference aims to inspire attendees to grow their companies, Trachtenberg says.
“We recognize the need for growth in the business community,” he says. “We understand people need to know where technology is going and what’s out there that they’ll be able to make use of.”
Welch and Trachtenberg say they want NEXT to become an annual event with consistently high-quality speakers that will draw hundreds regularly.
For more information, visit http://next-syr.com.
Contact Tampone at ktampone@cnybj.com
Conference aids educators in STEM fields
SYRACUSE — A conference that took place in July at Syracuse University could become an annual event focused on helping teachers train students in the STEM disciplines. Those disciplines — science, technology, engineering, and math — are critical to the nation’s future, says Margaret Ashida, director of the Empire State STEM Learning Network and co-chair
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SYRACUSE — A conference that took place in July at Syracuse University could become an annual event focused on helping teachers train students in the STEM disciplines.
Those disciplines — science, technology, engineering, and math — are critical to the nation’s future, says Margaret Ashida, director of the Empire State STEM Learning Network and co-chair of the New York State STEM Education Collaborative second biennial Summer STEM Institute. She notes that the economic-development plans developed by 10 regional councils around the state last year are dominated by projects with connections to STEM disciplines.
Nationwide, the U.S. needs 1 million more STEM graduates to fill current projections of demand, Ashida says.
“It’s a real economic opportunity in New York state,” she adds.
The summer institute took place from July 8 to July 11 at SU. It provided professional development for teachers in the interdisciplinary teaching and learning of STEM from the elementary level through higher education, according to organizers.
The program included more than 75 workshops, a plenary panel of state and national leaders in the field, and a keynote speaker, Bharat Soni, chairman and professor of mechanical engineering at the University of Alabama at Birmingham.
The first institute took place in 2010 and organizers say they may try to turn it into an annual event given its success.
A major focus was breaking down silos across disciplines, says Chuck Goodwin, chairman of the New York State Technology and Engineering Educators’ Association advisory council. To best prepare students for what’s ahead, education in STEM fields and elsewhere needs to be integrated and interconnected.
That will help students become true problem solvers, Goodwin says.
“We want problem solvers who can look at a real-world problem and be able to draw naturally and comfortably from all of the resources that they have been building throughout their educational career,” he says.
That might mean giving students longer periods with lab experiences and implementing interdisciplinary teaching and learning techniques throughout a school, Ashida says.
Such an approach can help prepare students for careers that don’t even exist yet, says Gwendolyn Maturo-Grasso, a teacher in the Syracuse City School District and co-chair of the summer institute. She notes that young people can start to focus on career clusters as early as fourth or fifth grade.
The nation’s current education system has problems throughout, Ashida notes. Students entering two- and four-year colleges often require remediation work. Some 20 percent of the nation’s students don’t even graduate high school, she adds.
“So when you look at our system of education, we’ve got leaks from beginning to end,” she says.
Helping students understand the relevance of what they’re learning could change that, Goodwin says. If they can see the real-world applications of what they’re studying, the subject will be more exciting and they’ll remain engaged.
It’s also important, he adds, to overcome the misconception that STEM training is just for students planning on careers in science or engineering.
“STEM education provides relevance,” he says. “It’s truly our philosophy that STEM education is for all students.”
Contact Tampone at ktampone@cnybj.com
Prices on construction materials drop in July
The cost of some key construction materials fell in July for the third month in a row, according to a new analysis from the Associated
ESF wins grant for technology project
SYRACUSE — The State University of New York (SUNY) College of Environmental Science and Forestry will use a grant to launch a program to help
Unemployment rises, state loses jobs
New York’s unemployment rate rose to 9.1 percent in July, but so did the state’s labor force, according to the Department of Labor. At the
PSC creates fund supporting rural local telephone service
The New York State Public Service Commission moved today to set up a State Universal Service Fund (SUSF) that will provide four years of funding
Fashion kit service wins student sandbox pitch contest
SYRACUSE — Craftistas won the pitch contest at Wednesday’s Syracuse Student Sandbox Demo Day. The subscription service delivers a new do-it-yourself fashion kit every month
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