(Music)
>> Gary: JUST AHEAD ON "NEED TO
KNOW," COUNTY RESIDENTS SPEAK
OUT ON GOVERNMENT CONSOLIDATION;
PLUS DEMOCRATS ARE GEARING UP
FOR ANOTHER RUN AT GEORGE
PATAKI.
WE'LL SIZE UP THE DEMOCRATIC
PRIMARY WITH POLITICAL PUNDITS
AND SPEAK WITH VOTERS AS WELL.
AND ELLEN ROSEN JOINS US FOR
THIS WEEK'S EDITION OF THE
BUSINESS SECTION WITH THE
"DEMOCRAT AND CHRONICLE."
BUT FIRST McCALL VERSUS CUOMO
COMING UP NEXT ON "NEED TO
KNOW."
>> I THINK THEY NEED TO SHOW
WHAT THEY CAN DO BEST, NOT
NECESSARILY DIFFERENT, AND
REALLY LAY THAT OUT.
>> THIS IS "NEED TO KNOW," THE
ROCHESTER AREA'S ONLY IN-DEPTH
NEWS PROGRAM.
"NEED TO KNOW" IS A PRODUCTION
OF WXXI NEWS AND PUBLIC AFFAIRS
COVERING ISSUES, POLITICS,
EDUCATION AND CURRENT EVENTS.
>> "NEED TO KNOW" IS MADE
POSSIBLE BY THE DAISY MARQUIS
JONES FOUNDATION, BY DORSCHEL
LEXUS AND THROUGH THE SUPPORT OF
VIEWERS LIKE YOU.
>> Gary: THANK YOU FOR JOINING
US.
I'M GARY WALKER.
IF THE MAYOR WANTED TO HAVE A
COMMUNITY TALK ABOUT GOVERNMENT
CONSOLIDATION, THE COUNTY
EXECUTIVE WANTS TO CRANK UP THE
VOLUME.
ROCHESTER MAYOR WILLIAM JOHNSON
RAISED THE IDEA DURING HIS STATE
OF THE CITY ADDRESS EARLIER THIS
YEAR.
COUNTY EXECUTIVE JACK DOYLE
REACTED BY HOLDING A SERIES OF
PUBLIC FORUMS, THE FIRST OF
WHICH WAS HELD THIS WEEK, TO
HEAR WHAT RESIDENTS HAVE TO SAY
ON THE ISSUE.
JOINING US IN STUDIO TO TELL US
WHAT PEOPLE HAVE TO SAY IS
WXXI-AM 1370's MARK GIARDINA.
MARK, YOU WERE AT THE FORUM.
LET ME GUESS WHAT YOU HEARD.
>> (Chuckling) CLOSE TO IT.
WHAT WE HEARD FROM WAS A NUMBER
OF PEOPLE WHO ARE JUST TOTALLY
AGAINST THE IDEA.
THEY DON'T WANT CONSOLIDATION AT
ALL.
MAYOR JOHNSON IS SAYING THAT HE
IS NOT OFFERING THE IDEA OF
TAKING OVER THE COUNTY OF
MONROE.
HIS IDEA IS TO CONSOLIDATE
SERVICES IN ORDER TO SAVE TAX
MONEY.
COUNTY EXECUTIVE DOYLE IS SAYING
THAT HE IS AGAINST THE IDEA OF
METRO GOVERNMENT, BUT AS YOU
MENTIONED IS HOLDING PUBLIC
FORUMS TO GIVE THE PUBLIC AN
OPPORTUNITY TO TALK.
>> Gary: IT SEEMS LIKE IT'S WAY
AHEAD OF THE GAME.
I MEAN, RIGHT NOW IT SEEMS LIKE
A VERY STRONG POLITICAL GAME.
IF YOU LOOK AT DOING ONE TO 100
TO GET CONSOLIDATION DONE, THE
MAYOR'S ON TWO; THE COUNTY
EXECUTIVE'S ON 92.
IT JUST SEEMS LIKE THE TWO OF
THEM ARE NOT HAVING THE SAME
CONVERSATION.
>> IT IS.
IT'S QUITE INTERESTING.
I'VE GOT SOME STATISTICS HERE I
WANTED TO GIVE YOUR VIEWERS.
THERE WAS A POLL THAT WAS
CONDUCTED FOR THE DEMOCRATIC
PARTY BY A CONCERNED -- A
COMPANY OUT OF MARYLAND.
THE SURVEY FOUND 43% OPPOSE THE
IDEA OF METRO GOVERNMENT, OR
CONSOLIDATION OF GOVERNMENT,
LET'S PUT IT THAT WAY.
39% FAVOR THE CONCEPT.
18% ARE UNDECIDED.
SO THE POLL IS TRYING TO SHOW
THAT THERE'S INTEREST OUT THERE,
BUT PEOPLE STILL DON'T
UNDERSTAND WHAT THE ENTIRE ISSUE
IS ALL ABOUT.
AND I THINK THERE'S A DIFFERENCE
BETWEEN WHAT WE WERE TALKING
ABOUT METRO GOVERNMENT THAT
FAILED IN THE 1980s AND A
CONSOLIDATION OF SERVICES THAT
THEY'RE TALKING ABOUT NOW.
>> Gary: WELL, BACK IN THE
EIGHTIES, THE VOTE WAS ABOUT
METRO POLICE, AND IT BECAME
OVERWHELMINGLY AGAINST.
AT THE SAME TIME I HEAR PEOPLE
SAY, YOU KNOW, MY TAXES ARE
SKY-HIGH, AND WE HAVE TO REDUCE
PROPERTY TAXES; YET AT THE SAME
TIME THEY'LL HAVE THEIR OWN
POLICE DEPARTMENT, THEIR OWN
FIRE DEPARTMENT, THEIR OWN
SCHOOLS, ET CETERA, ET CETERA,
ET CETERA.
EVERY TIME A TOWN GROWS OR MOVES
OUTSIDE, THEY CREATE A SEPARATE
POLICE DEPARTMENT, FIRE
DEPARTMENT, SCHOOL DISTRICT.
SO IT SEEMS THAT YOU HAVE TO
HAVE ONE OR THE OTHER.
EITHER YOU'RE GOING TO HAVE TO
REDUCE COSTS SOMEHOW THAT SPEAKS
TO CONSOLIDATION, BUT AT THE
SAME TIME PEOPLE DON'T WANT TO
GIVE UP, YOU KNOW, THEIR OWN
TOWN POLICE, THEIR OWN TOWN, YOU
KNOW, CHAIR, THEIR OWN TOWN
SCHOOL DISTRICT.
>> OH, SURE.
YOU'VE GOT SOME TOWNS, FOR
EXAMPLE, THAT HAVE A VILLAGE IN
THE TOWN.
THE VILLAGE MAY HAVE ITS OWN
SNOWPLOWING OPERATION.
THE TOWN HAS ITS OWN SNOWPLOWING
OPERATION, AND IT'S KIND OF
SILLY WHEN YOU COME TO THINK
ABOUT IT.
YOU PLOW UP TO THE VILLAGE LINE
AND STOP IF YOU WERE THE TOWN,
AND THEN THE VILLAGE COMES IN
AND TAKES OVER AND PLOWS THE
REST OF THE SNOW.
>> Gary: I GUESS I'M LOOKING AT
THIS ALSO POLITICALLY AS WELL,
AND JUST STANDING ON THE
OBSERVATIONS, I HAVE TO SAY THAT
THE COUNTY EXECUTIVE IS
POLITICALLY OUT-FLANKING THE
MAYOR BY SETTING THIS AGENDA AS
BEING UNIGOVERNMENT, ONE SCHOOL
DISTRICT, ONE COUNTY GOVERNMENT.
I DON'T THINK THE MAYOR EVER
SAID THAT, BUT SOMEHOW THAT'S
WHAT'S BEING DISCUSSED IN THESE
FORUMS.
>> WELL, THE MAYOR NEVER SAID
THAT, AND HE ADMITTED THAT THE
OTHER DAY WHEN HE HELD A NEWS
CONFERENCE RELEASING THIS POLL.
HE SAID I HAVE NEVER ONCE SAID
THAT WE WANT TO TAKE OVER THE
ENTIRE COUNTY OF MONROE.
ALL HE MENTIONED WAS THE
CONSOLIDATION OF GOVERNMENT, AND
HE ADDED -- HE SAID, FOR
POLITICAL PURPOSES, THE
DEMOCRATIC PARTY WOULDN'T DO
THAT WELL IF THE CONSOLIDATION
OF SERVICES WAS UNITED UNDER ONE
FORUM.
>> Gary: OKAY.
THE NEXT FORUM IS TONIGHT?
>> THE NEXT FORUM IS TONIGHT.
>> Gary: AND THE THIRD BEING?
>> THAT IS SOMETIME IN THE NEXT
COUPLE OF DAYS.
I'M NOT ABSOLUTELY SURE ON THAT
ONE.
>> Gary: OKAY.
STAY TUNED TO WXXI-AM 1370.
WE'RE LOOKING FORWARD TO YOUR
REPORT.
MARK GIARDINA, THANK YOU VERY
MUCH.
>> THANK YOU.
>> Gary: NOW TURNING OUR
ATTENTION TO STATE POLITICS,
WITH THE DEMOCRATIC PARTY NOT
UNTIL SEPTEMBER, THE RACE FOR
THE DEMOCRATIC NOMINATION FOR
GOVERNOR IS HEATING UP.
STATE COMPTROLLER H. CARL McCALL
AND ANDREW CUOMO ARE LOCKED IN A
CLOSELY CONTESTED RACE.
THE LATEST QUINNIPIAC POLL SHOWS
CUOMO LEADING McCALL 44 TO 30%.
BOTH CANDIDATES SEEK TO ENERGIZE
THE UPSTATE ECONOMY, IMPROVE
EDUCATION STANDARDS AND REFORM
THE STATE BUDGET PROCESS.
HOWEVER, WHILE RUNNING ON
SIMILAR PLATFORMS, BOTH
CANDIDATES LAG FAR BEHIND
INCUMBENT GOVERNOR GEORGE
PATAKI.
THE QUINNIPIAC POLL SHOWS CUOMO
TRAILING PATAKI BY 24%.
McCALL IS 27% BEHIND THE
GOVERNOR.
TONIGHT WE'LL BE JOINED BY
SUPPORTERS OF BOTH CANDIDATES
AND A POLITICAL SCIENTIST, BUT
FIRST "NEED TO KNOW'S" MATT
CUMMINGS SPEAKS WITH AREA
DEMOCRATS ABOUT WHAT THEY WANT
TO SEE DISCUSSED ON THE CAMPAIGN
TRAIL.
(Applause)
>> Matt: GEORGE PATAKI HAS
ENJOYED ALMOST TWO FULL TERMS AS
GOVERNOR OF NEW YORK.
HE INTENDS TO SEEK A THIRD, BUT
STANDING IN HIS WAY IS A
CHALLENGE FROM THE DEMOCRATIC
PARTY.
ANDREW CUOMO AND STATE
COMPTROLLER H. CARL McCALL WOULD
LIKE NOTHING MORE THAN A CHANCE
TO DETHRONE PATAKI AND LEAD NEW
YORK IN A NEW DIRECTION.
>> THERE'S A DIFFERENCE BETWEEN
PRESENCE, AND THE MORE PEOPLE
LOOK AT HIM, THE MORE PEOPLE
WILL BEGIN TO EVALUATE HIS
PERFORMANCE.
>> Matt: PATAKI'S PERFORMANCE IS
AT THE CENTRE OF CUOMO AND
McCALL'S CAMPAIGNS.
BOTH SAY NEW YORK CAN DO BETTER
IN SEVERAL AREAS, WITH IMPROVING
THE UPSTATE ECONOMY A TOP
PRIORITY.
>> THE CITY OF ROCHESTER, THE
COUNTY OF MONROE ACTUALLY HAVE
FEWER PEOPLE WORKING THAN SEVEN
YEARS AGO, AND THAT IS ALMOST
MIND-BOGGLING.
IT COMES AT A TIME WHEN THE
NATION HAS ACTUALLY INCREASED
ABOUT 15%, AND ROCHESTER AND
MONROE ARE GOING BACKWARDS.
>> Matt: IN FACT, CUOMO AND
McCALL ARE VERY SIMILAR IN THEIR
CAMPAIGN THEMES.
IN ADDITION TO HIGHLIGHTING THE
UPSTATE ECONOMY, BOTH ARE ALSO
FOCUSED ON PRESENTING PATAKI'S
SHORTCOMINGS IN IMPROVING PUBLIC
SCHOOLS AND PASSING A TIMELY
STATE BUDGET.
>> IT IS UNACCEPTABLE THAT YOU
DON'T HAVE A BUDGET.
THE BUDGET WAS SUPPOSED TO BE
DONE IN APRIL.
DO YOUR JOB.
THAT'S YOUR PRIMARY JOB.
>> Matt: BY THE SEPTEMBER 10th
PRIMARY, CUOMO AND McCALL WILL
HAVE TO CONVINCE VOTERS THEY CAN
TACKLE THE ISSUES IMPORTANT TO
THEM.
BUT WHAT DO NEW YORK'S DEMOCRATS
WANT THE CANDIDATES TO IMPROVE
ON?
LAURIE, BILL AND DENISE ARE
THREE LOCAL DEMOCRATS WHO ARE
MEMBERS OF THE VOICE OF THE
VOTER, A COLLABORATION OF
CITIZENS, WXXI PUBLIC
BROADCASTING, WOKR NEWSSOURCE
13, AND THE "DEMOCRAT AND
CHRONICLE."
THEY ARE STILL UNDECIDED ON WHO
TO VOTE FOR IN THE PRIMARY, BUT
THEY HAVE SPECIFIC CONCERNS
HEADING INTO THE CAMPAIGN
SEASON.
>> WELL, I'M THINKING ABOUT
HEALTH INSURANCE.
I AM A SENIOR CITIZEN NOW, AND
SOME OF THE NEWS THAT I'M
HEARING FROM WASHINGTON ISN'T
TOO GOOD, YOU KNOW, ABOUT
MEDICARE AND IS THERE GOING TO
BE HEALTH INSURANCE AS I GET
OLDER AND MAYBE NEED EXTENDED
HEALTH CARE?
>> CONCERNED ABOUT THE EQUITY
ISSUE WITH EDUCATION, SCHOOLS,
YOU KNOW, HOW MUCH MONEY THE
SCHOOLS GET DISTRIBUTED, SCHOOLS
WITH A LARGE PERCENTAGE OF
POVERTY THAT HAVE A LOT MORE
NEEDS, MAKING SURE THEY GET
ENOUGH.
>> A LOT OF MONEY SEEMS TO GO
DOWNSTATE AND WHAT MONIES ARE
GOING TO COME INTO THE AREA?
I'M UP NEAR THE FAST FERRY
COMING IN WHERE THEY'RE TALKING
ABOUT, AND I'M INTERESTED TO SEE
WHERE IT'S GOING, WHAT THEY'RE
GOING TO DO WITH THAT.
THE OTHER ASPECT IS THE NURSING
SHORTAGE.
WE HEAR A LOT OF BILLS AND THAT
FOR THE TEACHER, WHEN THEY HAD
THE SHORTAGE, YOU KNOW, THEY
GIVE THEM GRANTS AND THINGS.
WHAT'S OUT THERE FOR THE NURSES?
WE'RE FACING A VERY SIGNIFICANT
CRISIS THAT'S COMING UP.
>> Matt: LAURIE, BILL AND DENISE
ADMIT THEY DON'T KNOW MUCH ABOUT
EITHER CANDIDATE YET, BUT
REGARDLESS OF WHO'S RUNNING,
THEY SAY IN ORDER TO GET THEIR
VOTE, CUOMO AND McCALL MUST AT
LEAST OPENLY DISCUSS ISSUES
IMPORTANT TO THEM.
>> THE ONE THING I WOULD MENTION
IS SOME NEW IDEAS ABOUT THE DRUG
PROBLEM.
OBVIOUSLY WHAT'S BEEN DONE ALL
OVER THE COUNTRY ISN'T WORKING
OR ANYTHING.
WE'VE GOT MORE PRISONS.
WE'VE GOT, YOU KNOW, MORE
TREATMENT AND EVERYTHING, AND
I'D LIKE TO HEAR SOMETHING NEW,
SOMETHING DIFFERENT, SOMETHING
THAT MAYBE HAS NEVER BEEN
MENTIONED BEFORE.
>> I THINK HOW OUR LEGISLATURE'S
WORKED FOR THE LAST COUPLE YEARS
IS SORT OF AN EMBARRASSMENT.
I'D LIKE TO HEAR THEM ADDRESS
THAT ISSUE RATHER THAN SAY, YOU
KNOW, AGAIN, I'LL WORK WITH THE
LEGISLATOR.
WHAT DOES THAT MEAN?
ARE YOU GOING TO WORK IN THE
SAME FASHION THAT WE'VE SEEN
WHERE LIKE YOU SAID THE BUDGET
HASN'T COME IN IN HOW MANY
YEARS?
>> WHAT ELSE, LIKE AS I SAID
BEFORE, WOULD JUMP-START OUR
COMMUNITY?
NOT JUST LOOKING FOR ANYBODY NEW
AND DIFFERENT, BUT SOME OF THE
COMPANIES HAVE BEEN MOVING
EMPLOYERS.
SOME OF THE THINGS THAT ARE
GOING ON, LIKE WITH VALIO IN THE
COMMUNITY.
SOME OF THE THINGS THAT'S BEEN
GOING ON WITH XEROX AND KODAK
AND LOTS OF EMPLOYEES.
WHAT ARE WE GOING TO DO WITH
THESE PEOPLE AND WHERE ARE THEY
GOING TO GO TO WORK AND HOW ARE
WE GOING TO KEEP THIS COMMUNITY
GOING?
>> Matt: IN THE END, BILL SAYS
HE WOULD SETTLE FOR REALISTIC
DISCUSSION DURING THE CAMPAIGNS.
>> I'D LIKE TO SEE SOME
ACKNOWLEDGEMENT THAT THINGS
AREN'T GOING TO BE AS EASY AS
THEY HAVE BEEN OVER THE LAST
COUPLE OF YEARS.
WE SORT OF CAME OUT OF THAT
EIGHT YEARS OF, YOU KNOW, AN
AMAZING ECONOMIC BOOM AND SORT
OF RODE THAT WAVE FOR AWHILE.
IT WAS EASY TO DO THINGS LIKE,
YOU KNOW, WE'RE GOING TO GIVE
YOU BACK THESE TAXES.
WE'RE GOING TO SPEND MORE MONEY
ON THIS; WE'RE GOING TO SPEND
MORE MONEY ON THAT.
IT WAS VERY EASY TO DO THAT IN
GOOD TIMES, AND I'D LIKE TO SEE
SOME RECOGNITION THAT CHANCES
ARE THAT'S NOT GOING TO
CONTINUE, AT LEAST NOT AT THAT
PACE.
SO DON'T THROW A WHOLE BUNCH OF
PROGRAMS OUT THERE WITHOUT
TELLING ME HOW YOU PLAN ON
PAYING FOR THEM.
(Music)
>> Gary: THAT'S WHAT SOME
CITIZENS HAVE TO SAY.
YOU MAY HAVE HEARD A LITTLE
RUSTLE IN THIS WHOLE THING WITH
ANDREW CUOMO IN TOWN RECENTLY,
ALSO RAISING SOME IRE OF FOLKS
BY CRITICIZING GOVERNOR PATAKI'S
ROLE DURING THE WHOLE 9/11,
SAYING THAT HE WASN'T A LEADER.
HE HELD THE LEADER'S COAT,
MEANING MAYOR RUDY GIULIANI AT
THE TIME.
NOW, NATHAN ROBFOGEL, FORMER
MONROE COUNTY DEMOCRATIC PARTY
CHAIRMAN, LONGTIME ACTIVE
DEMOCRAT AND ADVISOR TO ANDREW
CUOMO.
I'M TAKING IT ON FAITH THAT YOU
DID NOT ADVISE HIM TO ATTACH
GOVERNOR PATAKI'S LEADERSHIP
ROLE DURING 9/11.
>> WELL, I DIDN'T ADVISE HIM NOT
TO CRITICIZE THE GOVERNOR ON ALL
FRONTS BECAUSE, AFTER ALL,
KEEP IN MIND THAT WHAT WE'RE
TALKING ABOUT HERE IS THE
DEMOCRATIC PRIMARY.
AND IN ORDER TO FACE GOVERNOR
PATAKI, YOU HAVE TO CONVINCE THE
DEMOCRATIC VOTERS THAT YOU'RE
THE ONE TO DO IT.
SO I DON'T VIEW HIS STATEMENT AS
BEING PARTICULARLY ADVERSE TO
HIS GOAL TO BECOME THE
DEMOCRATIC NOMINEE.
A LOT OF --
>> Gary: ISN'T THERE A HOST OF
THINGS YOU CAN CRITICIZE THE
INCUMBENT GOVERNOR FOR, BUT WHY
WOULD YOU TOUCH 9/11?
>> WELL, I DON'T THINK THAT
THAT'S IMMUNE, AND WHAT WE
SHOULD REALLY BE CONCERNED
ABOUT, AND I THINK ANDREW CUOMO
IS, ALONG WITH THE REST OF US,
IS WHAT'S HAPPENED POST 9/11 IN
TERMS OF WHAT'S GOING TO HAPPEN
TO DOWNSTATE, IN PARTICULAR THE
WORLD TRADE CENTER SITE, AND
MORE IMPORTANTLY HOW IS IT GOING
TO IMPACT THE REST OF THE STATE
IN TERMS OF ECONOMIC
DEVELOPMENT?
>> Gary: LET'S SLIDE DOWN THE
PANEL TO YOUR FELLOW DEMOCRAT
AND STANDING STATE SENATOR OF
THE 54th DISTRICT, RICHARD
DOLLINGER, WHO'S HERE AS A
SUPPORTER OF H. CARL McCALL, OUR
SITTING COUNTY -- STATE
COMPTROLLER.
I'LL GET IT RIGHT.
IT'S BEEN A COUPLE WEEKS SINCE
I'VE BEEN IN.
I HAVE TO ASK YOU, WHAT DID YOU
THINK OF THOSE STATEMENTS?
>> MY GUESS IS THAT -- I AGREE
WITH RICK.
I THINK THAT WAS A CALCULATED
MOVE BY ANDREW TO TAKE ONE OF
WHAT GOVERNMENT PATAKI SEES AS
HIS STRENGTHS, THAT IS THE
PERFORMANCE DURING THE 9/11, AND
TO REMIND VOTERS THAT FIRST OF
ALL RUDY GIULIANI CARRIED MOST
OF THE WATER.
I DON'T THINK -- I THINK THE
PROOF IS THAT RUDY GIULIANI WAS
THE HERO OF THAT, AND THAT
GEORGE PATAKI WAS ALWAYS SORT OF
IN THE BACKGROUND SAYING, YES,
WE'LL DO THIS, YES, WE CAN.
AND I THINK IF YOU LOOK AT THE
INSPIRATIONAL LEADERSHIP DURING
THAT PERIOD OF TIME, MOST OF IT
COMES FROM RUDY GIULIANI.
I DON'T RECALL ANY GREAT MOMENT
WHERE GEORGE PATAKI WOWED
EVERYONE AND SAID THIS WAS, YOU
KNOW, A TREMENDOUS EMOTIONAL
OUTPOURING FOR THE WORKERS.
>> Gary: OKAY.
SO IT'S A FAIR CRITICISM, IN
YOUR MIND, AS LONG AS YOUR MAN'S
NOT THE ONE MAKING IT.
>> WELL, I DON'T THINK SO.
I THINK YOU'LL SEE CARL McCALL
QUESTION GEORGE PATAKI'S
LEADERSHIP.
THEY ALREADY HAVE.
AND WHAT I THINK THE DEMOCRATS
HAVE TO DO IS CALL INTO QUESTION
HIS LEADERSHIP ON CRITICAL
ISSUES LIKE EDUCATION AND HEALTH
CARE AND THE UPSTATE ECONOMY.
BUT I ALSO THINK IT'S VERY FAIR,
AS PART OF OUR POLITICAL
DISCOURSE IN THIS COUNTRY AND
CERTAINLY IN THIS STATE, TO
QUESTION THE CHIEF EXECUTIVE'S
HANDLING OF A TERRIBLE CRISIS
LIKE 9/11.
I DON'T THINK THAT ANY POLITICAL
PARTY SHOULD JUST LAY DOWN AND
SAY EVERYTHING WAS DONE
PERFECTLY.
I THINK THERE'S A LEGITIMATE
CRITICISM OF THE GOVERNMENT.
I THINK IT HAS BEEN TO BE
WEIGHED AGAINST SOME OF ITS
SUCCESSES.
THE VOTERS WILL DECIDE THAT.
>> Gary: LET'S TURN TO ED
LUNDBERG.
YOU HAVE NO IRON IN THIS FIRE.
YOU ARE A POLITICAL PROFESSOR OF
SCIENCE AT MONROE COMMUNITY
COLLEGE.
WHAT DO YOU THINK?
>> I'M THE PUNDIT.
IS THAT OKAY?
>> Gary: YOU'RE THE PUNDIT.
>> OKAY.
THERE WE GO.
ALL RIGHT.
WELL, I'M GOING TO AGREE.
ACTUALLY, I THINK THAT THE KEY
POINT HERE WAS MADE BY NICK WHEN
HE TALKED ABOUT INVOLVING THE
PRIMARY AND THE NEED TO APPEAL
TO THE DEMOCRATIC VOTERS.
AND WHAT YOU HAVE TO DO,
ESPECIALLY GIVEN THE NUMBERS
THAT YOU SHOWED AT THE
BEGINNING, IS WHICH ONE IS THE
BETTER CANDIDATE TO BEAT PATAKI?
AND IF THE NUMBERS HOLD UP, THEN
WHICH ONE IS THE BETTER ONE TO
CARRY OUT A TOUGH CAMPAIGN?
AND THERE'S A SORT OF
UNDERGROUND CRITICISM THAT MAY
OR MAY NOT BE TRUE, BUT IN
POLITICS, YOU KNOW, THAT DOESN'T
MAKE A DIFFERENCE, IN WHICH
McCALL IS TOO MUCH OF A
GENTLEMAN.
HE'S TOO MUCH OF A NICE GUY.
SO THEREFORE I HEARD SOMEBODY
SAY THAT, IF McCALL IS THE
CANDIDATE, HE WILL GIVE THE
NICEST CONCESSION SPEECH THAT
THE STATE HAS HEARD IN YEARS.
>> Gary: LET'S HOLD ON THAT
THOUGHT, THOUGH, BECAUSE HERE WE
HAVE THE DICHOTOMY OF THIS ROCK
'EM SOCK 'EM POLITICS, BUT WHEN
WE TALK TO VOTERS -- AND THESE
THREE VOTERS ARE PART OF OUR
VOICE OF THE VOTER GROUP, BUT
I'LL GUARANTEE YOU GENTLEMEN
THAT WHEN WE TALK TO OTHER
CITIZENS AND OTHER VOTERS,
THEY'RE NOT TALKING ABOUT WHO
HAD DINNER WITH ARAFAT.
THEY'RE NOT TALKING ABOUT WHO
HAS ARMS LONG ENOUGH TO BOX WITH
THE GOVERNOR.
THEY'RE TALKING ABOUT HEALTH
CARE.
THEY'RE TALKING ABOUT JOBS.
THEY'RE TALKING ABOUT EDUCATION.
THEY'RE TALKING ABOUT, YOU KNOW,
THE HEALTH OF UPSTATE NEW YORK,
THE HEALTH OF THEIR REGION.
YOU KNOW, THEY'RE TALKING
BREAD-AND-BUTTER ISSUES.
THEY HAVE REAL CONCERNS.
THOSE TYPICALLY DO NOT GET
DISCUSSED IN THESE RACES.
>> THAT'S NOT TRUE.
(Talking simultaneously)
>> Gary: WHAT HAVE YOU HEARD IN
THE INTERIM ABOUT THIS?
>> ANDREW CUOMO, IN VERY EARLY
STAGES OF THE CAMPAIGN, HAS
STARTED TO ADDRESS THE ISSUES
AND DEALING WITH THE FACT THAT,
IN REALITY, GOVERNOR PATAKI
ISN'T ADDRESSING THE ISSUES.
HE'S SPENDING ENTIRELY TOO MUCH
TIME DOWN IN FLORIDA OR IN
VEGAS, AND WHAT WE NEED IS
SOMEBODY TO REALLY TAKE CHARGE,
AND HE HASN'T DONE THAT IN
ALBANY.
I MEAN, YOU KNOW, THIS BUDGET
ISSUE, HE COULD BE DRIVING THAT
A LOT HARDER, AND RICK IS MUCH
MORE EXPERT THAN I AM.
>> HE NEVER HAS DRIVEN THE
BUDGET ISSUE.
HE'S BEEN PERFECTLY WILLING TO
LET THIS TOTALLY DYSFUNCTIONAL
SYSTEM IN ALBANY WHICH, AS YOU
RECALL, IN 1994 HE RAN AROUND
THE STATE TO BEAT MARIO CUOMO.
HE SAID CHANGE, CHANGE, CHANGE,
CHANGE.
I'M THE AGENT OF CHANGE.
I WILL MAKE CHANGE.
NOW HE HAS VIRTUALLY CAPITULATED
INTO THE FACT THAT HE CAN'T
BRING ABOUT CHANGE BECAUSE HE'S
NOT WILLING TO TAKE A LEADERSHIP
ROLE.
I THINK THAT'S A CRITICAL ISSUE
FOR HIM.
I THINK NICK IS ALSO CORRECT.
CARL McCALL PUBLISHED A
SIX-POINT PLAN FOR EDUCATION
MAKING IT THE TOP BUDGET
PRIORITY.
I THINK THE UPSTATE ECONOMY IS
ANOTHER WEAKNESS IN THE HEEL OF
GEORGE PATAKI.
ANDREW CUOMO HAS TALKED ABOUT.
NOW CARL McCALL HAS TALKED ABOUT
IT.
I THINK THAT THOSE ISSUES ARE
GOING TO BE VERY MUCH A PART OF
IT.
I THINK WHAT HAPPENS IS THE
MEDIA LIKES TO PORTRAY IT AS A
WORLD WRESTLING FEDERATION.
THESE GUYS ARE GOING TO GO IN
AND THROW EACH OTHER AROUND THE
RING.
BUT I THINK THAT THE DEMOCRATIC
VOTER'S GOING TO SIT DOWN AND
SAY WHAT'S THE PLAN?
WHO'S BEST AT IMPLEMENTING IT?
WHO CAN BEAT GEORGE PATAKI?
AND THOSE ARE GOING TO BE THE
THREE FACTORS THAT DRIVE
THIS --
>> LET'S MAKE ONE THING ELSE
VERY CLEAR, EVEN THOUGH
PRIMARIES TEND TO GET A LITTLE
DIFFICULT AND TOUGH, ESPECIALLY
AS YOU GET CLOSER TO SEPTEMBER.
BUT I WILL SAY THIS, AND I CAN'T
SPEAK FOR RICK, BUT SPEAKING FOR
MYSELF, WHOEVER WINS THIS
PRIMARY IS GOING TO HAVE MY
SUPPORT 100%.
>> ABSOLUTELY.
>> THEY'RE BOTH VERY CAPABLE.
AND CARL McCALL, IF YOU GO BACK
IN HISTORY, HE WAS TAPPED BY
MARIO CUOMO TO BE HIS RUNNING
MATE BACK THEN.
>> Gary: THAT'S RIGHT.
>> IN '82.
>> Gary: HE'S ALSO BEEN A BANK
PRESIDENT FOR EIGHT YEARS.
>> PRESIDENT OF THE SCHOOL BOARD
IN NEW YORK CITY.
>> Gary: HE'S RUN THE PUBLIC
TRUST FUND AS STATE COMPTROLLER
AND THE RETIREMENT FUNDS AND
SYSTEM.
SO I HAVE TO ASK YOU,
Mr. ROBFOGEL, WHY NOT JUST GET
BEHIND H. CARL McCALL?
WHY ARE THE DEMOCRATS TAKING --
THEY'VE DONE THIS IN THE PAST
WITH MANY RACES, PARTICULARLY A
COUPLE ATTORNEY GENERAL RACES
AGO, A COUPLE GOVERNOR RACES AGO
WHEN THE A.G. RAN, WHERE THEY
JUST EVISCERATE EACH OTHER
DURING THE PRIMARY AND THEN
THERE'S NOTHING LEFT OF THE
MONEY.
THERE'S NO FUEL IN THE TANK.
>> IT'S THE NATURE OF THE
PROCESS, AND I HAVE TO SAY THIS,
AND I'M NOT TRYING TO BE
CRITICAL OF ANY SPECIFIC PART OF
THE MEDIA, PRINT OR BROADCAST,
BUT IT SELLS MORE NEWSPAPERS AND
PEOPLE WATCH MORE TELEVISION
WHEN YOU CREATE CONTROVERSY AND
CONFRONTATION.
THE FACT OF THE MATTER IS THAT
CARL McCALL AND ANDREW CUOMO
PROBABLY AGREE ON MORE ISSUES
THAN THEY DISAGREE ON.
>> Gary: WELL, LET'S FINISH ON A
HIGH NOTE.
I WANT TO GO TO ANOTHER
POLITICAL QUESTION HERE.
>> BUT YOU ASKED ME WHY AM I
SUPPORTING ANDREW CUOMO AS
OPPOSED TO CARL McCALL, WHO I
URGED TO RUN FOUR YEARS AGO.
AND I WAS HOPING THAT WE WERE
GOING TO HAVE AN OPEN SEAT THIS
YEAR BECAUSE I SEEM TO RECALL,
AND I HOPE THE VOTERS WILL
RECALL, THAT GEORGE PATAKI SAID
TWO TERMS.
>> NO MORE.
>> NO MORE.
SO HE'S, YOU KNOW, LIKE A LOT OF
REPUBLICANS AND THEY HAVE THIS
KNEE-JERK SIMPLISTIC APPROACH TO
POLITICAL REFORM.
THEY SAY TERM LIMITS WILL DO IT.
WELL, IT WON'T.
THE CAMPAIGN FINANCE REFORM IS
ANOTHER ISSUE WHERE GEORGE
PATAKI HAS DUCKED.
>> IS THAT RIGHT, RICK?
>> Gary: I WANT TO FINISH WITH
YOU TWO GENTLEMEN.
I WANT TO GET Mr. LUNDBERG IN
HERE.
WHAT WERE YOU GOING TO SAY?
>> WELL, I -- AS MUCH AS IT'S
FUN TO BLAME THE INTENSITY OF
THIS PRIMARY CAMPAIGN ON THE
PRESS, THIS IS A POLITICAL
PROCESS.
NOW, THE DEMOCRATIC LEADER OF
PUTNAM COUNTY HAS ALREADY BEEN
FORCED OUT OF HIS POSITION
BECAUSE HE'S BACKING CUOMO,
AGAINST THE WISHES OF HIS
EXECUTIVE COMMITTEE.
THE COUNTY LEADER IN BUFFALO IS
IN DEEP TROUBLE BECAUSE OF HIS
SUPPORT FOR Mr. CUOMO.
THESE ARE NOT INVENTIONS OF THE
PRESS.
THIS IS A TOUGH POLITICAL
CAMPAIGN IN WHICH PEOPLE ARE
LINING UP ON BOTH SIDES, AND AT
STAKE IS WHO'S GOING TO WIN.
>> Gary: CAN EITHER ONE OF THESE
MEN BEAT GEORGE PATAKI?
>> NOT TODAY.
>> NO.
>> BUT PERHAPS TOMORROW.
>> ABSOLUTELY.
>> SO, THEREFORE, WE HAVE TO GO
BACK TO THE POINT THAT WE WERE
TALKING ABOUT BEFORE:
THE FIRST AND PRIMARY FUNCTION
OF THIS PRIMARY IS TO SHOW WHICH
OF THESE TWO CANDIDATES IS BEST
ABLE TO KNOCK OFF PATAKI.
>> THE CRITICAL THING IS, GARY,
I THINK ALL THE POLLING RESULTS
WILL SHOW THIS.
GEORGE PATAKI'S SUPPORT IS STILL
SOFT.
NOBODY STILL KNOWS WHO HE IS.
HE HAS A VERY NEBULOUS IMAGE IN
THE PUBLIC'S MIND.
AND WHENEVER YOU'RE RUNNING
AGAINST AN INCUMBENT WHO HAS
THAT KIND OF SOFT LINKAGE WITH
THE VOTERS, YOUR OPPONENT CAN
DEFINE IT.
THIS PRIMARY IS GOING TO BE
ABOUT DEFINING WHO GEORGE PATAKI
IS AS THE DEMOCRATS RUN AGAINST
HIM.
AND THE OTHER THING IS --
>> Gary: HE'S KIND OF
REINVENTING HIMSELF, TOO.
NOW HE'S GOT LABOR SUPPORT.
>> HE DOESN'T KNOW WHO HE IS.
HE'S GOING THROUGH AN IDENTITY
CRISIS.
>> HE HAD AN IDENTITY BEFORE
WHEN HE WAS PLUCKED FROM
RELATIVE OBSCURITY TO RUN
AGAINST CUOMO, WHO HAD
ACCUMULATED SOME POLITICAL
BAGGAGE.
>> Gary: NO QUESTION OF THAT.
BUT HIS FATHER, ANDREW CUOMO'S
FATHER, DID CAUSE A LOT OF
POLITICAL BAGGAGE.
REPUBLICANS BASICALLY SAID EIGHT
YEARS AGO, ANYBODY THAT'S A
CUOMO'S GOING TO WIN.
NOW IS IT TOO SOON TO HAVE
ANOTHER CUOMO UP THERE?
>> OH, I DON'T THINK SO.
I THINK WE'VE MOVED UP THE
ALPHABET.
WE'RE BEYOND A-B-C AT THIS
POINT.
(Laughing)
ONE OF THE REASONS THAT I'M
SUPPORTING HIM, BECAUSE CARL
McCALL AND I ARE CONTEMPORARIES,
AND I RESPECT HIM TREMENDOUSLY,
BUT I THINK THIS IS SORT OF LIKE
1960.
IT'S TIME TO PASS THE TORCH TO A
NEW GENERATION OF LEADERS,
YOUNG, VIGOROUS PEOPLE LIKE RICK
DOLLINGER, AND ANDREW CUOMO HAS
ALL THOSE ATTRIBUTES IN MY VIEW.
>> Gary: SO YOU'RE SAYING YOUR
MAN'S TOO OLD.
>> NO, I DON'T THINK HE IS.
I THINK WHAT HE'S SAYING IS THAT
THE PRIMARY WILL OFFER A CHOICE.
ANDREW CUOMO WILL COME IN AND
ARGUE THAT HE'S PART OF THE NEW
GENERATION OF POLITICIANS.
CARL McCALL IS GOING TO SAY I'M
SOMEONE WHO'S BEEN AROUND FOR 20
YEARS.
I'VE DONE THE SCHOOL BOARD AND
CITY OF NEW YORK.
I'VE BEEN IN THE PRIVATE SECTOR.
I'VE BEEN IN THE UNITED NATIONS.
I'VE BEEN THE COMPTROLLER.
I KNOW MORE ABOUT LOCAL
GOVERNMENTS.
I HAVE A GOOD IDEA HOW THE STATE
OPERATION WORKS.
HE'S GOING TO SELL EXPERIENCE,
QUALIFICATIONS, AND I THINK A
PASSION FOR THE FUTURE OF NEW
YORK THAT GEORGE PATAKI DOESN'T
HAVE.
>> Gary: ED LUNDBERG, I'M GOING
TO GIVE YOU THE LAST WORD. WHO'S
THE STRONGER CANDIDATE IN YOUR
MIND?
>> OH, BOY, THANKS.
(Chuckling)
I BELIEVE THAT IT'S McCALL,
BECAUSE I THINK THAT -- MY VIEW
OF IT IS THAT THERE ARE TWO
PRIMARY WINGS EMERGING IN THE
STATE DEMOCRATIC PARTY.
ONE IS LED BY THE BLACKS AND THE
OTHER IS THE -- OH, FORGIVE
THIS, BUT THE OLD-LINE LIBERAL
DEMOCRATS.
>> Gary: AND HE CAN BRING BOTH.
>> WELL, I THINK THAT THE BLACK
DEMOCRATS HAVE BASICALLY LAID
THE LAW DOWN.
>> Gary: GAUNTLET DOWN?
>> YEAH.
WE HAVE BEEN CARRYING THIS
PARTY.
WE SHOW UP...
>> Gary: ED, THAT'S THE LAST --
I'M SORRY, I HAVE TO CUT YOU
OFF.
>> ALL RIGHT.
>> Gary: YOU'VE HEARD IT FIRST
RIGHT HERE ON "NEED TO KNOW."
UNFORTUNATELY THAT'S ALL THE
TIME WE HAVE FOR THIS
DISCUSSION.
FOR MORE INFORMATION ON THIS
TOPIC, PLEASE LOG ONTO OUR WEB
SITE wxxi.org/ntk.
WHILE YOU'RE THERE, YOU CAN ALSO
TAKE PART IN OUR WEEKLY SURVEY
QUESTION, AND FOR COMPREHENSIVE
DAILY COVERAGE OF STATE ISSUES
AND NEWS, YOU KNOW WHAT IT IS:
nycitizens.org.
NOW IT'S TIME FOR THIS WEEK'S
EDITION OF THE BUSINESS SECTION
WITH THE "DEMOCRAT AND
CHRONICLE."
(Music)
>> Gary: JOINING US NOW IN
STUDIO IS ELLEN ROSEN, EDITOR OF
THE BUSINESS SECTION OF THE
"DEMOCRAT AND CHRONICLE."
ELLEN, GOOD TO SEE YOU AGAIN.
>> YOU, TOO, GARY.
>> Gary: WELL, BIG DAY, ACTUALLY
A BIG WEEK.
WE HAVE FIRST-QUARTER EARNINGS
FROM LOTS OF OUR LOCAL
BUSINESSES OUT.
I WAS READING A LITTLE BIT ABOUT
KODAK THIS MORNING IN THE PAPER
AND ON YOUR WEB SITE.
KIND OF MIXED NEWS.
ON THE ONE HAND, YOU KNOW,
THEY'VE MET THEIR EARNING
PROJECTIONS.
ON THE DOWNSIDE, THEY WERE
REALLY LOW PROJECTIONS.
(Laughing)
>> WELL, THEY WERE.
I MEAN, YOU'RE RIGHT.
THEY MET SIGNIFICANTLY LOWERED
EXPECTATIONS, AND THEY HAD
LOWERED EXPECTATIONS THEMSELVES
BY BEING APART LAST QUARTER
ABOUT WHAT THEY REALLY THOUGHT
THE OUTLOOK WAS GOING TO BE.
BUT ON THE POSITIVE SIDE, THEY
HAD PROJECTED ANYWHERE FROM 5 TO
15 CENTS A SHARE.
THEY CAME IN AT 13, WHICH WAS ON
THE HIGH END.
THE STREET HAD ONLY BEEN
EXPECTING 10, SO THEY ACTUALLY
ENDED UP LOOKING GOOD, AND IT'S
THE SECOND QUARTER IN A ROW THAT
THEY'VE MET ESTIMATES, SO THAT'S
ALWAYS A GOOD THING.
WALL STREET LIKES THAT.
>> Gary: IT'S A BIG LOSS FROM
LAST YEAR, ISN'T IT?
>> YES, IT IS, BECAUSE FILM IS
STILL KODAK'S DOMINANT BUSINESS,
AND YOU'VE GOT THE CONVERGENCE
OF DIGITAL AND YOU'VE ALSO GOT
THE FACT THAT WITH THE WHOLE
DOWNTURN IN THE ECONOMY AND POST
9/11, PEOPLE JUST HAVEN'T BEEN
TAKING PICTURES.
BUT KODAK HAS SEEN SOME SIGNS IN
THE FUTURE, WHICH IS ONE OF THE
THINGS THEY SAID THIS MORNING
THEY'RE VERY OPTIMISTIC ABOUT.
THEIR MASS MARKET RETAILERS,
WHICH IS WHERE A LOT OF THEIR
FILM IS SOLD, SAY THEY'RE SEEING
AN UPTURN IN PEOPLE BUYING FILM,
AND CONSUMERS MAY BE PICKING UP
THEIR CAMERAS AGAIN.
>> Gary: I UNDERSTAND THAT
DIGITAL IS ON THE UPTURN.
BUT HELP ME UNDERSTAND.
HOW DOES KODAK MAKE MONEY ON
DIGITAL OTHER THAN SELLING
DIGITAL CAMERAS?
>> IT'S DIGITAL.
CAMERAS IS ONE THING, BUT REALLY
WHERE THE MONEY'S TO BE MADE IS
IN THE SERVICES.
IT'S IN GETTING YOUR PICTURES
ON-LINE AND THEN TRANSMITTING
YOUR PICTURES EVERYWHERE YOU
WANT THEM TO GO.
SO IT'S THE "YOU'VE GOT
PICTURES" MODEL WHERE, YOU KNOW,
YOU GO AND YOU TAKE, YOU KNOW,
FILMS OF YOUR VACATION.
YOU WANT TO SEND THEM TO FAMILY;
YOU WANT TO SEND THEM TO
FRIENDS.
THAT'S WHERE THEY MAKE THEIR
MONEY, IS IN THE TRANSMISSION OF
THE DOWNLOADING AND THE
TRANSMISSION -- AND THE
PRINTING.
THEY'RE HOPING THAT YOU'LL PRINT
PICTURES.
>> Gary: WHAT ABOUT PRINTING
PICTURES?
>> RIGHT, BECAUSE THEY WANT YOU
TO PRINT IT ON KODAK PAPER,
USING, YOU KNOW, YOUR KODAK
CAMERA ON KODAK PAPER AND THEN
TRANSMIT IT FROM YOUR WEB SITE
TO OTHER PEOPLE USING KODAK
PROCESS.
>> Gary: AND THEY'RE OPTIMISTIC
ABOUT THAT PROCESS.
THEY'RE OPTIMISTIC ABOUT MAKING
MONEY DOING THAT?
>> YES, YES, THEY ARE.
>> Gary: NOW, THE ECONOMY'S HAD
A SLIGHT UPTAKE.
PEOPLE ARE SAYING IT'S KIND OF A
MINI RECOVERY GOING ON.
IS KODAK SEEING THAT?
>> NOT YET.
THEY CERTAINLY DIDN'T SEE IT IN
THIS QUARTER, BUT AS WHAT
THEY'RE SAYING TODAY IS THEY'RE
HOPING THEY'LL SEE IT IN THE
NEXT QUARTER.
BUT KODAK ALL ALONG HAS BEEN
SAYING THAT THEY REALLY THOUGHT
IT WAS GOING TO BE -- THEIR
C.E.O. HAS BEEN VERY VOCAL ABOUT
THE FACT HE THOUGHT THIS
DOWNTURN WAS DEEPER AND GOING TO
LAST LONGER THAN A LOT OF OTHER
PEOPLE WERE SAYING.
>> Gary: WE WERE LOOKING FOR
NUMBERS FROM XEROX.
WHAT HAPPENED?
>> WELL, THEY GAVE NUMBERS AND
DIDN'T GIVE NUMBERS.
WHAT HAPPENED IS XEROX, AS WE
KNOW, SETTLED THAT BIG LAWSUIT
AGAINST THE S.E.C. BY AGREEING
TO PAY THIS $10 MILLION FINE AND
BY AGREEING TO RESTATE ALL THEIR
ACCOUNTING BACK TO 1997.
THAT MEANS XEROX HAS TO MOVE TO
A NEW METHOD OF ITS ACCOUNTING
AND SO THEY WEREN'T REALLY TO
THAT POINT YET WHERE THEY COULD
APPLY THAT NEW METHOD TO THEIR
FIRST-QUARTER EARNINGS.
WHAT THEY DID WAS SAY THAT USING
THEIR OLD ACCOUNTING METHOD,
THEY HAD A LOSS.
IT WAS -- THEY ACTUALLY SAID A
NUMBER OF POSITIVE THINGS.
THEIR CASH FLOW'S IMPROVED.
THEY'RE FEELING THAT THE COMPANY
REALLY HAS TURNED THE CORNER.
THINGS ARE BETTER, BUT SALES
WERE DOWN, AND THIS IS WHAT THEY
-- LARGELY WITH THE
RESTRUCTURING CHARGE, THE
ACCOUNTS RESTRUCTURING, WE'LL
PROBABLY SEE MORE OF THOSE.
>> Gary: COULD THAT LOSS BE
DEEPENED UNDER THE NEW
ACCOUNTING SYSTEM?
WE DON'T KNOW.
>> WE DON'T KNOW YET.
IT'S HARD TO SAY.
>> Gary: WHAT ABOUT BAUSCH &
LOMB?
I UNDERSTAND THEY ACTUALLY MADE
SOME MONEY BUT THEY ACTUALLY CUT
THEIR DIVIDENDS.
>> YES, THEY DID.
THEY CUT THEIR DIVIDEND IN HALF,
WHICH, WHILE IT SEEMS SHOCKING,
IS REALLY A THING MOST COMPANIES
ARE DOING.
COMPANIES ARE FINDING THAT IT
MAKES MORE SENSE TO, RATHER THAN
PAY THAT MONEY OUT, KEEP THAT
MONEY IN THE COMPANY AND USE IT
FOR ACQUISITIONS FOR FUTURE
DEVELOPMENTS, FOR PRODUCT
MARKETING AND OTHER THINGS THAT
DO A BETTER RETURN FOR
SHAREHOLDERS THAN THIS DIVIDEND
DOES.
SO YOU FIND MOST COMPANIES HAVE
-- A LOT OF THEM HAVE ACTUALLY
ELIMINATED THEIR DIVIDENDS.
>> Gary: SHAREHOLDERS ARE COOL
WITH THAT?
>> SHAREHOLDERS DON'T LOVE IT,
PARTICULARLY OLDER SHAREHOLDERS
WHO MAY BE RELYING ON THE
DIVIDENDS FOR INCOME, THEY DON'T
LOVE IT.
BUT THE COMPANY'S BEEN OUT
THERE.
THEY DID A SURVEY IN THE MARKET.
MOST OF THEIR COMPETITORS, THEY
WERE PAYING WELL ABOVE.
>> Gary: WHAT'S COMING IN THE
DEMOCRAT
AND CHRONICLE"
THIS
SUNDAY?
>> WHAT'S COMING THIS SUNDAY?
WE HAVE A STORY LOOKING AT THE
ART OF COUNTERFEITING.
IT'S GOTTEN EVEN EASIER.
ALL OF YOUR DESKTOP PRINTERS AND
SOME OF THE VARIOUS THINGS THAT
ARE MADE RIGHT IN THIS COMMUNITY
HAVE TURNED IT FROM A FINE ART
CRAFTSMANSHIP INTO A KIND OF
HOME-BASED BUSINESS, AND THE
I.R.S. AND THE SECRET SERVICE
ARE CRACKING DOWN.
>> Gary: WE'LL LOOK FOR THAT
SUNDAY.
ELLEN, THANK YOU VERY MUCH FOR
THIS WEEK'S REPORT.
FOR MORE INFORMATION ON THIS AND
THE REST OF THIS WEEK'S EDITION
OF "NEED TO KNOW," JUST LOG ONTO
wxxi.org/ntk.
THAT'S ALL THE TIME WE HAVE FOR
THIS WEEK'S SHOW.
WE'LL SEE YOU NEXT WEEK.
THANK YOU.
(Music)