The Sacramento Bee from Sacramento, California • 58

The Sacramento Bee Friday March'20 "1 998 Governors local officials SACRAMENTO BUSINESS Texas company buying TSI of El Dorado Hills A Texas lighting wholesaler has announced plans to buy Trade Source International Inc of El Dorado Hills for $11 million in cash and stock Craftmade International Inc of Coppell Texas said it expects the deal to close by July 1 current management team will remain TSI is a wholesale distributor of residential interior and exterior lighting fixtures is a natural alliance of two very strong lighting said James Ridings company president and chief executive officer Ridings said the acquisition would increase the presence in the lighting industry and boost annual sales from $41 million to more than $70 million Craftmade markets ceiling fans and lighting fixtures to more than 1500 retail outlets dorsed the bill hailed the new agreement as important and constructive step toward a long-term cannot allow 30000 state and local tax jurisdictions to stifle the Internet but neither can we allow the erosion of the revenue that state and local governments need to fight crime and invest in Clinton said Utah Gov Michael Leavitt said the bill allows a review of local taxation in an age when consumers buy sweaters over the telephone and books with the click of a computer mouse problem we really need to solve here is long term the larger problem of how we establish a commerce system that is compatible with Leavitt said Wyden support the idea of bringing other issues such as mail-order taxes into the discussion But Wyden complimented Cox for people into this and improving the chances for House passage Brian president of the National League of Cities said the three-year moratorium on new taxes is practical since having difficulty collecting these taxes three years hopefully that will said willing to wait that long because going to take that long to figure ri Associated Press -J- "WASHINGTON A measure to limit new taxes on the Internet cleared a major political hurdle Thursday when the governors I ahd local leaders endorsed a revised version National Association along with groups representing cities and bounties put their weight behind an overhauled version sponsored by California Rep jChVistopher Cox R-Newport Beach JThese leaders were the fiercest opponents original bill arguing it would worsen with collecting taxes on mail-order sales The new proposal endorsed by The main sponsor Sen Ron Wyden JOre w-ho considers it too broad a Wyden spokesmaii said new bill would impose a three-year moratorium on new taxes such as for Inter-! nhflaccess'instead of the earlier proposal of a six-year baij I and local governments would be able to keep existing taxes on Internet access or online services that were in place by March And the bill would create a congressional Study panel to determine how to tax Internet Jmd mail-order sales President Clinton who had earlier en- 1 0 8 Microsoft CEO Bill Gates right answers questions after keynote address at the Singapore International Convention Exhibition Centre on Thursday Gates was sharing his vision' of the with business and government leaders! At left is Stephen Yeo chief executive of the National Com- puter Board which organized the event Ads: GlassMcQure takes home 18 awards Ax: Many experts are skeptical ISS sells another ROBODOC Integrated Surgical Systems Inc announced Thursday the sale of its 14th ROBODOC surgical robot system in Europe The Sacramento-based company said the latest sale was made to Orthopadische Kli-nik Martin Ulbrich Haus a special orthopedic clinic in Rothenburg Germany recent sale of our ROBODOC system is particularly important because of the geographic location of the hospital on the borders of Germany and Poland This will allow us to expand our presence in other Eastern European countries which represent an important market opportunity for surgical robotic said Ra-mesh Trivedi company president and chief executive officer 1 ROBODOC is a computer-controlled device used in hip-replacement surgery The product awaiting clearance from the Food and Drug Administration for widespread use in the United States is being used in Europe Bee business staff advertising took 18 awards the greatest number of any firm The honors included radio newspaper billboard and magazine work tfle firm did for Arden Fair Save Mart Supermarkets Molina Medical and others Other top winners included Nakamoto Productions Dana For-an Marketing Communicatipns and The Sacramento Bee Kenton Lee an account manager at KYMX-FM won Executive of the Lee was selected for raising $25000 over the last five years through annual golf tournament I Julie Childs an account executive with Dana Foran won bestowed on someone who has shown exemplary commitment to the club Continued from page El ed humorous and inspirational quotes from sources as varied as actor Woody Allen to a Hawaiian T-Shirt actually did this calendar for the fun of it not with the idea of winning anything The only goal was to produce a collaborative project where we could use an old clunky hot-metal letter press to support the traditional said Kim Tackett owner of Tack-ett-Barbaria All selections were made by a panel of five judges including art directors copy writers and designers from nationally recognized firms in San Francisco Seattle Los Angeles and New York GlassMcClure a local agency specializing in strategic consumer dergone heart attacks about what they had done recently The researchers concluded that firing someone or having a high-stakes deadline doubled the usual risk of a heart attack during the following week The best advice Mittleman said is getting exercise watching weight cholesterol and blood pressure and not smoking For a healthy 50-year-old man or a healthy 60-year-old woman the risk of a heart attack in any given hour without any trigger is about 1 in a million Even in a typical heart disease patient the ordinary risk is 1 in 100000 The research project already has identified several other daily stresses that can trigger a heart attack including heavy exertion angiy outbursts having sex and simply getting up in the morning from page El that chronic work stress especially pressures that are beyond direct control contribute to heart disease However many experts are skeptical about how important this kind of stress really is since just everybody who works for a living has at least some daily job stress different about this study is trying to individualize discrete episodes of stress instead of having people simply saying said Dr Philip Greenland of Northwestern University who was not involved in the study riMittleman presented his findings at an epidemiology meeting sponsored by the Ameri-anHeart Association Between 1989 and 1994 doctors interviewed 791 working people who had just un Economy: Trade deficit with Japan improves Talk as cikieaip Continued from page El Haerts and a modest dip in imports Overall US exports plunged by $207 billion or 26 percent to $7728 billion -Imports fell $920 million or 1 percent to $8933 billion 77-Reyond the newly emerging je'cqpomies in Asia there were some' mixed patterns in the region The US trade deficit with Japan actually narrowed in January to $437 billion from $51 bil-Jioh in December while that with to $42 billion from $39 billion before it will avert overheating Barry Bosworth a Brookings Institution economist said Thursday that were it not for the impact of the Asian slump the Federal Reserve Board almost certainly would have raised interest rates sharply by now to ward off inflation pressures Dana Johnson an analyst for First Chicago Capital Markets said the American economy is now so strong that the United States is well-positioned to withstand the impact from the Asian slump with i only minimal damage The fact that the rise in consumer prices was held to 01 percent in February marked good news for the US economy In the 12 months that ended in February consumer prices rose only 14 percent their slowest pace since December of 1986 Much of the good performance stemmed from another sharp drop in energy prices which plunged -by 33 percent during February -for the third month in a row The so-called rate of inflation which excludes volatile food and energy prices rose 03 percent At the same time the Labor Department reported that the average hourly earnings of factory workers rose by 06 percent up from a revised 03 percent in January reflecting continuing pressure on wages in the face of a growing labor shortage resulting from the current economic boom Economists expect the bulk of the impact on the US economy to come from cutbacks in US exports- Although imports here are Pixpected to increase much of what Asia makes TV sets for example are not made here so competition from Asia would not threaten US jobs I Analysts say the change in Jyade patterns has so far primarily hit exporters in California and 'West Coast states where as as 50 percent of foreign trade is with Asian countries But there has been some impact in virtually every region of the United States 1 Except for figures however little of the impact has shown up in the major economic statistics so far Ironically many economists believe the drag from Jhe' Asian crisis actually may be good for the US economy because for numeric paging M) 1 i' Univision: Top-rated stations i I guage station The publicly traded parent company also owns the Univision Network the most-watched Spanish-language network in the country and Galavision a cable network that reaches about 25 million Latino subscribers You just avoid the usual extra charges with Nextel service You also get Nextel Direct a unique feature that lets you contact co-workers instantly at the touch of a button And until March 25 you can get it for llVllhAil only $65 a month for both Unlimited Nextel Direct Connect5" authorzed representative Private Calling plus 600 minutes per month of cellular usage So talk it up talk is cheap Continued from page El -1982 and has been vacant since Interstate" moved out after being taken over in 1996 I The Univision Television Group owns full-power stations in 12 of top 5 Latino markets in the Wtrritry-It also owns one English-language station and eight power stations Corley said the company has the top-rated Span-ish-language station in its 12 ma-F markets! all of which except Sacfamento and Albuquerque more than one Spanish-lan- IRS Problems? 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