The Scout Report for Business & Economics - June 3, 1999

The Scout Report for Business & Economics

June 3, 1999

A Publication of the Internet Scout Project
Computer Sciences Department, University of Wisconsin-Madison

The target audience of the new Scout Report for Business & Economics is faculty, students, staff, and librarians in business and economics. Each biweekly issue offers a selective collection of Internet resources covering topics in the field that have been chosen by librarians and content specialists in the given area of study.

The Scout Report for Business & Economics is also provided via email once every two weeks. Subscription information is included at the bottom of each issue.

In This Issue


Learning Resources

General Interest

Current Awareness

New Data

In The News


G8 Summit Online [RealPlayer]
G8 Information Center and the G8 Research Group at the University of Toronto invite 5,000 participants to debate monetary policy and global financial architecture issues with world leaders at the G8 Summit Online. The site includes registration information for the June 7-20, 1999 session, live broadcasts and Real Video archives of 1999 G8 Summit-related interviews, press briefings, and panel discussions. A separate site, the University of Toronto's G8 Information Center provides various documents from previous G7/8 meetings as well as scholarly publications and news transcripts, among other background material. [MW]
[Back to Contents]

Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity 1998 -- BIS [.pdf]
The Central Bank Survey of Foreign Exchange and Derivatives Market Activity 1998 is a triennial statistical publication by the Bank for International Settlements (BIS) (reviewed in the March 7, 1997 Scout Report). The survey reports on foreign exchange and OTC derivative activities in 43 countries, and an 83-page statistical annex provides spot, outright forward, foreign exchange swap, and total turnover figures by country for the month of April 1998. Links to central bank and monetary authority data home pages as well as a discussion of main findings are also available on-site. [MW]
[Back to Contents]

Carbohydrate Economy Clearinghouse [.pdf]
A creation of the Institute for Local Self-Reliance (ILSR), the Carbohydrate Economy Clearinghouse (CEC) provides up-to-date information on "all facets of the plant matter-based industrial economy" from paints and inks to fuels and construction materials made from plants. In addition to the latest "new materials economy" news, the CEC site hosts a directory of carbohydrate economy companies as well as ILSR reports on plant matter-based products and technologies (in English, French, and Spanish). [MW]
[Back to Contents]

US Trade and Development Agency
Created in 1981, the US Trade and Development Agency (TDA) is an independent federal agency that "assists in the creation of jobs for Americans by helping US companies pursue overseas business opportunities." The TDA provides funds for feasibility studies, orientation visits, specialized training grants, business workshops, and various forms of technical assistance to American businesses in middle-income and developing countries. Resources on-site include current import-export news, the bi-weekly newsletter TDA Pipeline, and the TDA Library -- a searchable database of FDA report summaries. [MW]
[Back to Contents]

Learning Resources is an "information filter" and current awareness service for the academic accounting community. Site features include current news, job postings, conferences, and literature reviews, and the Journals Index section contains the latest titles from major publications with abstracts. [MW]
[Back to Contents]

American Currency Exhibit -- FRB San Francisco
The Federal Reserve Bank of San Francisco's Fedwest Gateway puts images of US currency in historical context at the American Currency Exhibit site. This online tour displays bank notes from the Colonial, Revolutionary, Civil War, and Metal eras, among others, accompanied by historical descriptions. The Artistry and Imagery section looks at enduring elements of American money such as portraits, shields, eagles, and mottos. [MW]
[Back to Contents]

How to Read The Wall Street Journal
This guide from Dow Jones & Company helps new readers understand all elements of The Wall Street Journal from rotating reports in column five on the front page to the stock market tables and global indexes in the Money & Investing section. Although How to Read The Wall Street Journal is organized by newspaper section, a detailed index provides easy access to specific topics regardless of location. [MW]
[Back to Contents]

Fastest Growing Occupations
This table from the Bureau of Labor Statistics (BLS) 1998-99 Occupational Outlook Handbook ranks US professions by growth rate. According to the BLS, jobs for "database administrators, computer support specialists, and all other computer scientists" will grow by the greatest amount (from 1996 to 2006) at 118 percent, and the list includes data on the amount of training necessary to succeed. [MW]
[Back to Contents]

General Interest

BancBoston Robertson Stevens 1999 Technology Conference [RealAudio]
Over 300 "established and high-growth companies in the technology sector" presented industry outlooks at the BancBoston Robertson Stevens 1999 Technology Conference held February 22-25, 1999 in San Francisco, and audio highlights by BancBoston Robertson Stephens analysts are available at this CNBC/Dow Jones Business Video site. The RealAudio interviews feature analysts in the areas of networking software, the Internet, communications, and equity, among others, and each interviewee shares general sector trends as well as investment tips. [MW]
[Back to Contents]

Small Business Gateway -- EPA
The US Environmental Protection Agency (EPA) links small business owners interested in environmental issues to government services and information at the Small Business Gateway. Six metapages spanning topics of business financing, technical assistance, and environmental regulation contain helpful annotations, and the Environmental Contacts and Experts section lists EPA resources by region. [MW]
[Back to Contents]

Hoover's Online: Industry Snapshots,2048,169,00.html
The comprehensive company information database Hoover's Online profiles over 40 industries from adult entertainment and airlines to movies, restaurants, and tobacco at the Industry Snapshots site. The snapshots describe key companies and current trends, and a jargon section clarifies industry-specific terms. [MW]
[Back to Contents]

Raging Bull
A financial information and message board service, Raging Bull aims to provide "a forum for investment ideas." The site offers searchable access to over 5,000 message board postings as well as real-time stock quotes and commentary from prominent business writers. The My Raging Bull menu option allows users to personalize site features (registration required). [MW]
[Back to Contents]

Current Awareness

(For links to additional current awareness on tables of contents, abstracts, preprints, new books, data, conferences, etc., visit the The Scout Report for Business & Economics Current Awareness Metapage:

Working Papers

Federal Reserve Board of Governors:
Finance and Economics Discussion Series List 1999 (FEDS) [.pdf, .ps]
Wage Rigidity: A Look Inside the Firm
Tax Incentives, Material Inputs, and the Supply Curve for Capital Equipment
Demographics and Medical Care Spending: Standard and Non-Standard Effects
Health Care Costs, Wages, and Aging
The Geography of Medicare
The Measurement of Consumer Expectations Using Survey Data

Federal Reserve System:
FRB Minneapolis Staff Reports [.pdf]
Bar Codes Lead to Frequent Deliveries and Superstores
FRB New York Staff Reports [.pdf]
The Term Structure of Announcement Effects

United States International Trade Commission (USITC) Staff Research Studies [.pdf]
Review of Global Competitiveness in the Pharmaceutical Industry

Bank for International Settlements (BIS)
Committee on the Global Financial System [.pdf]
Market Liquidity: Research Findings and Selected Policy Implications

International Monetary Fund (IMF):
IMF Policy Discussion Papers [.pdf]
Honduras's Growth Performance During 1970-97
The Role of the Currency Board in Bulgaria's Stabilization
Tax Policy and the Asian Crisis

Stockholm School of Economics:
Working Paper Series in Economics and Finance (S-WoPEc: SSE/EFI) [.pdf,.ps,.zip]
Squandering European Labor: Social Safety Nets in Times of Economic Turbulence
Financial Autarky and International Business Cycles Downloads
Fiscal Policy with Heterogeneous Agents and Incomplete Markets Downloads
[Back to Contents]


Federal Reserve System:
FRB Cleveland Economic Trends [.pdf]
FRB Dallas Southwest Economy
FRB St. Louis International Economic Trends [.pdf]
FRB San Francisco Western Economic Trends and Economic Letter [.pdf]
The Federal Reserve Bank of Cleveland's May 1999 issue of Economics Trends offers articles on monetary policy, interest rates, and sports events attendance, among other topics. The most recent International Economic Trends from the Federal Reserve Bank of St. Louis provides euro-area data. May issues of Western Economic Trends and Economic Letter from the Federal Reserve Bank of San Francisco look at recent job losses and economic growth in the Twelfth District as well as the relationship between inflation and real economic activity from a 100-year perspective. The May/June 1999 issue of Southwest Economy from FRB Dallas questions how low oil prices will affect Texas banks and explores low income neighborhoods in light of the Community Reinvestment Act (CRA). [MW]

Bank for International Settlements (BIS) BIS Review [.pdf]
Recently released articles and speeches from the BIS Review include the text of the Annual Lecture of the Liberalni Institute 1999, by Professor Hans Tietmeyer, President of the Deutsche Bundesbank, a talk by the Governor of the Australian Reserve Bank, Mr. I. J. Macfarlane, to the CLSA Investors' Forum in Hong Kong, and the Bank of Japan's May report of recent economic and financial developments. [MW]

Federal Deposit Insurance Corporation (FDIC) Regional Outlook [.pdf]
The FDIC's second quarter 1999 Regional Outlook looks at current "favorable" economic conditions across the US but warns of banking trends that may pose risks to insured institutions. Areas highlighted for analysis include subprime lending, high loan-to-value lending, leveraged commercial lending, commercial real estate markets, and agricultural bank credit quality. [MW]
[Back to Contents]

Books and Journals

Baker & Taylor
Baker & Taylor Latest Books in Business -- June 1999
Baker & Taylor Latest Books in Economics -- June 1999
Baker & Taylor lists business and economics books published in June 1999. [MW]

Econbase -- Elsevier
The abstracts and tables of contents for the following journals are now available online: Energy Economics (Vol 21 No 2), Information Economics and Policy (Vol 11 No 1), Insurance: Mathematics and Economics (Vol 24 Nos 1-2), International Journal of Industrial Organization (Vol 17 No 4), Journal of Banking and Finance (Vol 23 No 5), Journal of Econometrics (Vol 91 No 1), Journal of Economic Behavior and Organization (Vol 38 No 4), Journal of Empirical Finance (Vol 6 No 2), Journal of Mathematical Economics (Vol 31 No 3), Journal of Monetary Economics (Vol 43 No 2), Regional Science and Urban Economics (Vol 29 No 3). [MW]
[Back to Contents]


Inomics Conference Calls:
Email Conference Alert
Conference Search
The economics research service Inomics (described in the June 18, 1998 Scout Report for Business & Economics) includes a conference alert service. Interested parties may specify their interests and receive email notifications of up-coming events, or they may search the Inomics conference database by date, geographic location, or JEL classification. [MW]

Conferences with Econometric Interest
(EC)2 Conference on Financial Econometrics
The Royal Economics Society's Econometrics Journal site lists conferences in econometrics at this Econometric Links section. Forthcoming international conferences currently listed include the (EC)2 Conference on Financial Econometrics to be held December 16-17, 1999 in Madrid, Spain -- a forum for senior and junior European researchers in quantitative economics and econometrics to discuss the progress and results of their research. [MW]
[Back to Contents]


Job Openings from The Chronicle of Higher Education
Job Openings in Economics
Job Openings in Business and Management

Job Openings for Economists (JOE)

Inomics: Job Openings for Economists
[Back to Contents]

New Data

Census Bureau 1997 Economic Census Manufacturing, Industry Series [.pdf]
Tortilla Manufacturing
Commercial Laundry, Drycleaning, and Pressing Machine Manufacturing
These data from the US Department of Commerce Census Bureau constitute the first few in a series of several hundred reports on individual industries in the manufacturing sector from the 1997 Economic Census. According to the 1997 Economic Census Manufacturing, Industry Series on Tortilla Manufacturing, over half of all US tortilla manufacturers are located in Texas and California. The 1997 Economic Census series on the Commercial Laundry, Drycleaning, and Pressing Machine Manufacturing does not include state comparisons but reports on total capital expenditures in Illinois as well as the US as a whole. [MW]
[Back to Contents]

Bureau of Labor Statistics (BLS)
Highlights of Women's Earnings in 1998 [.pdf]
Highlights of Women's Earnings in 1998 presents earnings data from the Current Population Survey (CPS) -- a national monthly survey of approximately 50,000 households conducted by the Bureau of the Census for the Bureau of Labor Statistics. According to this report, the female-to-male earnings ratio for 1998 is 76 percent, up 13 percent from 1979 figures, and white women's earnings were 17 percent higher than black women's, and 38.9 percent higher than those for Hispanic women at $468, $400, and $337 respectively. [MW]
[Back to Contents]

United States Department of Agriculture (USDA)
USDA Reports Calendars -- June 1999
USDA Agency Reports Calendar
ERS Calendar
USDA summarizes its report releases from various sources (the Economic Research Service, the National Agricultural Statistics Service, the Foreign Agricultural Service, and the World Agricultural Outlook Board) at these two calendar sites. [MW]
[Back to Contents]

Energy Information Administration (EIA) [.pdf]
Natural Gas 1998: Issues and Trends
The EIA attributes a more competitive industry and increases in pipeline capacity as major factors affecting increased natural gas demand in Natural Gas 1998: Issues and Trends. According to this recently released report, Natural gas demand has increased in the United States by fourteen percent since 1990 and electric utility consumption of natural gas rose about seventeen percent from 1990 to 1998. [MW]
[Back to Contents]

In The News

Euro in Trouble?
(1) CNNfn Special Report: Euro on the Run
(2) BBC News: Euro Home [RealPlayer]
(3) Financial Times: FT Euro
(4) Euro: One Currency for Europe
(5) European Central Bank
(6) Association for the Monetary Union of Europe (AMUE)
(7) Euroscanner
This week's In the News looks at Europe's battered single currency, the euro. These seven resources provide background information, analysis, and breaking news. The slumping euro has just reached its lowest value since its launch in January, raising questions about its long-term viability as an alternative to the US dollar. Despite the decline, the European Central Bank (ECB) has continued to express its confidence in the Euro and recently decided to leave interest rates unchanged. The news is not all bad, however, as flagging eurozone exporters, especially in Germany, are taking advantage of the currency weakness, which makes their products inexpensive and more attractive to world markets. However, UK exporters already challenged by a very strong Pound will suffer further with a continuing euro slump. The recent fall, which is a reflection of divergent economic performance within the EU, also throws some doubt on Britain's adoption of the euro, which many assumed would occur after the next general election in 2002.

The CNNfn special report analyzes the euro's recent troubles and offers a number of archived articles on several related issues. BBC News gives a helpful overview of the euro from a British perspective. The site contains numerous articles, audio and video reports, and breaking news. The FT Euro site features news, market reports, commentary, and a guide to the monetary union. The European Central Bank site offers numerous documents and press releases related to EU monetary policy. The Association for the Monetary Union of Europe (AMUE), an organization of industrialists formed in 1987 to advocate monetary union, does not currently feature resources on the present situation, but it does contain an archive of the association's monthly newsletter (through April 1999), which examines important issues regarding the euro. Finally, users desiring more information on the euro will want to visit Euroscanner, a search engine dedicated to euro-related sites. [MD]
[Back to Contents]

Subscription and Contact Information

To subscribe to the Scout Report for Business & Economics, send email to:
In the body of the message type:
subscribe SRBUSECON

For subscription options, send email to:
In the body of the message type:

Internet Scout team member information

The Scout Report for Business & Economics
Brought to You by the Internet Scout Project

The Scout Report for Business & Economics is published every other Thursday by the Internet Scout Project, located in the University of Wisconsin-Madison's Department of Computer Sciences.

Susan Calcari
Rachael E. Bower
Megan Waters
Travis Koplow
Paul M Schwartz
Managing Editor
Production Editor

Below are the copyright statements to be included when reproducing annotations from The Scout Report for Business & Economics.

The single phrase below is the copyright notice to be used when reproducing any portion of this report, in any format:

From The Scout Report for Business & Economics, Copyright Internet Scout Project 1994-1999.

The paragraph below is the copyright notice to be used when reproducing the entire report, in any format:

Copyright Susan Calcari and the University of Wisconsin Board of Regents, 1994-1999. The Internet Scout Project (, located in the Computer Sciences Department of the University of Wisconsin-Madison, provides information about the Internet to the U.S. research and education community under a grant from the National Science Foundation, number NCR-9712163. The Government has certain rights in this material. Permission is granted to make and distribute verbatim copies of the entire Scout Report provided this paragraph, including the copyright notice, are preserved on all copies.

Any opinions, findings, and conclusions or recommendations expressed in this publication are those of the author(s) and do not necessarily reflect the views of the University of Wisconsin - Madison or the National Science Foundation.

Internet Scout
A Publication of the Internet Scout Project

Comments, Suggestions, Feedback
Use our feedback form or send email to

© 1999 Internet Scout Project
Information on reproducing any publication is available on our copyright page.