8:57am

Tue January 25, 2011
Morning news round-up

It's cutting time: NYS budget announcement approaches

State budget

Hospitals, prisons, schools and Medicaid are all likely targets for big cuts in the governor's budget, set to be unveiled on February 1. Gannett's Albany bureau reports:

"We're anticipating the worst, the most painful budget we've seen in recent history," said William Van Slyke, a spokesman for the Healthcare Association of New York State. "The magnitude of the state's fiscal issues and the magnitude of the numbers we've been hearing are tremendous."

Van Slyke said the cuts would hit hospitals and health care facilities twice because of the expected loss of federal matching funds. "Whatever the state proposes as a Medicaid cut, the impact on providers will be double," he said.

State of the Union

Two upstate business leaders will be present at the State of the Union tonight: Xerox CEO Ursula Burns and Corning CEO Wendell Weeks (Elmira Star Gazette via the Democrat and Chronicle).



The Innovation Trail's own Ryan Morden will be live-tweeting the event @innovationtrail.

 

Full house in downtown Rochester

PAETEC CEO Arunas Chesonis told an audience at the University of Rochester that the city had a pair of twos and he had three aces and pair of kings, when it came to negotiating the deal for a downtown HQ for the firm.

 

Albany area working again

Employment is looking up for the Capital Region's suburbs, reports the Times Union:

In fact, by the Labor Department's measurement, the town of Guilderland has the lowest joblessness rate of any town in the state with more than 25,000 residents ---- just 5 percent of its residents are unemployed.

Bethlehem and Clifton Park, meanwhile, were tied with other towns for the second lowest rate, at 5.3 percent.

Quickly

Profits round-up

Tasty!

CNN brings us this morsel of news: Cornell University is developing a "3-D food printer:"

It doesn't look like a traditional printer; it's more like an industrial fabrication machine. Users load up the printer's syringes with raw food - anything with a liquid consistency, like soft chocolate, will work. The ingredient-filled syringes will then "print" icing on a cupcake. Or it'll print something more novel (i.e., terrifying) - like domes of turkey on a cutting board.

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