|
|
How Much Information? [.pdf]
http://www.sims.berkeley.edu/how-much-info/
Suffering from information overload? According to this new study from the School of Information Management and Systems at the University of California at Berkeley, "the world's total yearly production of print, film, optical, and magnetic content would require roughly 1.5 billion gigabytes of storage." Magnetic storage is by far the most common medium for storing information, accounting for an estimated 635,660 to 1,693,000 terabytes per year. Print documents only accounted for 0.003 percent of the total yearly production of content. The study is divided into content types, including Internet, magnetic, broadcast, phone, and mail. For each medium, the report offers a detailed chart of information types and the estimated amount of information produced yearly. The report includes a concise introduction and executive summary and links to myriad current articles from reputable publications and agencies. [EM]
[Back to Contents]Danish Referendum on Economic and Monetary Union [.pdf]
http://www.parliament.uk/commons/lib/research/rp2000/rp00-078.pdf
Published in October 2000, this document from the United Kingdom's House of Commons provides the details of the Danish referendum in which the country voted against joining Europe's common currency. The paper focuses on the country's 1992 arrangement not to proceed with the third stage of Economic and Monetary Union (EMU) until it had been approved by a national referendum, and includes attention to the political campaigns for and against the referendum, public opinion, and the implications of this vote. Just 24 pages in length, this research paper gives an excellent, easy-to-understand overview of the reasons why Denmark's citizens decided to vote against joining the EMU. For more information on the Danish rejection of the Euro, see the September 29, 2000 Scout Report.
[Back to Contents]The Economics of Civil War, Crime, and Violence [.pdf]
http://www.worldbank.org/research/conflict/index.htm
This project from the World Bank and Development Economics Research Group was created in 1999 as a response to the "devastating economic consequences of violence in developing countries." In the 1990s, 90 percent of all war-related deaths were civilian, as opposed to only 50 percent in the eighteenth century. The violence of worldwide civil wars in the 1990s also created nearly 13 million refugees and 38 million internally displaced persons. Along with detailed information about the motivation and analytical approach behind the project, the site includes brief synopses of three topics: Civil War, Crime and Violence, and Policy Dimensions. Finally, a resource bank presents working papers and presentations, related links, and upcoming events related to this issue. [EM]
[Back to Contents]Guide to Sources of Information on Foreign Investment in Spain 1780-1914 [.pdf]
http://www.iisg.nl/~icasbl/guide_spain.pdf
Compiled by Theresa Tortella and sponsored by the International Institute of Social History, Guide to Sources of Information on Foreign Investments in Spain 1780-1914 strives to "provide a better knowledge of archival collections containing records of foreign investment in Spain during the 19th century." Information for this 345-page guide was initially gathered from surveys sent to various archives in several European countries. The guide's in-depth introduction explains the history of this document, as well as the history and importance of foreign investment in Spain during this time period. The main body of the guide is divided into three economically significant time periods, and each includes an alphabetically organized list of companies that invested in Spain, as well as background information on each company. The guide also includes a company name index. [EM]
[Back to Contents]
|
|
Case Studies in Business Ethics -- Inc.com
http://www.inc.com/guide/item/0,,GDE71,00.html
The most recent guide from Inc.com offers case studies in business ethics and includes coverage of businesses striving to become more environmentally aware, provide community growth, and activate global change. One of the case studies follows Fetzer Vineyards, a California winery committed to reducing its own waste; another describes the way that the Philadelphia restaurant White Dog Cafe donates ten percent of its $4.4 million profit to a variety of nonprofit organizations. The case studies are generally quite short and easy to read; additionally, they link to several online polls that test users's business ethics skills. For more information on Guides @ Inc.com, see the August 10, 2000 Scout Report for Business and Economics. [EM]
[Back to Contents]Economics Website
http://pittsford.monroe.edu/Schools/Jefferson/Economics/EconMain.html
It's never too early for economic literacy. Created and maintained by Jefferson Road Elementary School in Pittsford, NY, the Economics Website is a wonderful introduction to the most basic economic concepts. The site contains fourteen sections, including short lessons on socialism and capitalism, stocks, goods and services, and interdependence. Each lesson includes a small multiple choice quiz on the concepts covered. The Economics Website also contains an economics glossary, links to other economics sites geared towards kids, and an enlightening list of fun economics activities including creating an Economists Hall of Fame, learning about federal income tax, and designing a imaginary company's Website. [EM]
[Back to Contents]Export Portal -- US Department of Commerce
http://www.export.gov/
Recently launched by the US Department of Commerce, Export Portal offers far-reaching resources about trade and exporting. Featured on the site is an online guide, "Get International Trade Assistance," which provides information and a collection of helpful links on expanding businesses to include trade. The site also includes links to US government Websites dealing with trade and export, which feature statistics, market research, advocacy, and a calendar of events. Finally, the site lists links to the major government agencies that are involved in trade and export. Although Export Portal does not offer much original information, it's extremely helpful to have a government clearinghouse for trade information organized by both agency and topic. [EM]
[Back to Contents]China's Churn -- FRB Dallas [.pdf]
http://www.dallasfed.org/htm/pubs/pdfs/misc/china.pdf
China's Churn, a 20-page article from the Federal Reserve Bank of Dallas, examines China's changing economy, or its churn, which is defined as "creative destruction." Filled with photographs, this easy-to-read piece thoughtfully illustrates China's changing economy with case studies of several Chinese cities including Guiyang, Wenzhou, and Shanghai. The paper also offers exhibits in which charts and graphs show some of the changes, including The Changing Face of Rural Employment, The Exodus of Urban Workers from State-Owned Enterprises, and Bounty of Market Reform. Be forewarned, although this document is only 20 pages long, it's a whopping 3226K. [EM]
[Back to Contents]Securitization.net
http://www.securitization.net/
Securitization.net, from Mayer, Brown, and Pratt, is dedicated to bringing financial securitization information, resources, and tools to the structured finance industry. Featured on the site is Securitization.net's Knowledge Bank, an "information source for basic and sophisticated structured finance concepts, gathering information on a particular topic, [and] catching-up on the latest developments." Areas of interest covered in the Knowledge Bank include Rating Agencies, Transactions, and Accounting. The site also offers industry news, project management advice, and conference and event notification. The links page compiles the Websites of the "major players" in the structured finance industry. Navigating around this busy Website is a little challenging; however, its information on securitization is in-depth and far-reaching. [EM]
[Back to Contents]
|
|
Silicon Salley [QuickTime, RealPlayer]
http://www.siliconsalley.com/
Silicon Salley's main objective "is to become the one-stop resource for all things woman and computer." An interesting celebration of business management and women's studies, Silicon Salley celebrates successful and inventive women in the computer industry with a large collection of interviews and profiles. Featured women include Liz Briggs, CEO of SeekingCapital.com; Annie Wood, President of inventivewomen.com; and Natasha Zaslove, Director of Marketing of GirlGeeks.com. This ambitious site also includes accompanying radio and video interviews, as well as feature stories from women computer geeks and reviews of women-oriented Websites and products. [EM]
[Back to Contents]Worth.com
http://www.worth.com/
The online counterpart to Worth Magazine, Worth.com's newly launched portal targets the wealthiest Americans, specifically, those with investable assets of at least $500,000. Still in its infancy, Worth.com will focus on three areas: wealth, living, and giving. Wealth offers information and tools for financial management for investors, and Living gives ideas on using expendable income, including resources about entertaining, food and drink, art, and culture. Finally, the Giving section will appeal to the philanthropic nature of the wealthy with resources on charities, givers, and donors. The site also contains a new wire feed relevant to wealth, and daily articles dealing with the three topics of wealth, living, and giving. For most of us, however, Worth.com provides a portal into how the other half lives. [EM]
[Back to Contents]University of Wisconsin Center for Cooperatives (UWCC)
http://www.wisc.edu/uwcc/
The University of Wisconsin Center for Cooperatives was founded in 1962 through a grant from USAID. According to the Center's mission statement, it strives to "study and promote cooperative action as a means of meeting the economic and social needs of people." Highlighted on the UWCC's Website is the Information about Cooperatives section, which provides basic information and linked articles for over 30 topics including Alternative Energy, Credit Unions/Banks, Women in Cooperatives, and Agriculture. Also worthy of note is the site's Current News About Cooperatives, with news briefs from around the United States, an extensive links page, and a section on Cooperative Principles, Theory, and History. [EM]
[Back to Contents]MBA Jungle
http://www.mbajungle.com/
Launched in September 2000, MBA Jungle provides news, resources, and information of interest to the Masters of Business Administration student or recent graduate who likes to work hard and play hard. Written by MBAs for MBAs, MBA Jungle's down-to-earth advice on surviving MBA programs includes a manual for the entire B-school experience, such as this advice on the social life: "...B-school can often be very similar to freshman year of college, with lots of parties, drinking, and other good times." For graduates, MBA Jungle offers advice on planning, marketing, and resource management, news features, and lifestyle advice including vacation destinations, technological gadgetry, and buying "killer turntables" and home furnishings. A work and lifestyle magazine for MBAs, MBA Jungle offers a lighter look at the working world. [EM]
[Back to Contents]The Standard Europe
http://www.thestandardeurope.com/
The European sibling of The Standard,The Standard Europe is a "guide to the expanding and evolving European Internet economy." A straightforward online magazine, the site includes breaking news and analysis from Internet companies throughout Europe, daily opinion pieces, and feature articles. The Research section offers articles on specific companies, human resources, and studies. [EM]
[Back to Contents]
|
|
(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: http://scout.cs.wisc.edu/report/bus-econ/metapage/).Federal Reserve System: [.pdf]
FRB Atlanta Working Papers
http://www.frbatlanta.org/publica/work_papers/index.html
Assessing Simple Policy Rules: A View from a Complete Macro Model
http://www.frbatlanta.org/publica/work_papers/wp00/wp0019.htmFRB Richmond Working Papers
http://www.rich.frb.org/wpapers/wpapers_redirect.cfm
The Behavior of the Real Rate of Interest Over the Business Cycle
http://www.rich.frb.org/wpapers/abstracts.cfm?absn=247Other Institutions:
Institute for International Economics Working Papers
http://www.iie.com/CATALOG/WP/2000/wp00.htm
Strengthening the International Financial Architecture: Where Do We Stand?
http://www.iie.com/CATALOG/WP/2000/00-8.htm
Transatlantic Issues in Electronic Commerce
http://www.iie.com/CATALOG/WP/2000/00-7.htmOrganisation for Economic Co-operation and Development Working Papers
http://www.oecd.org/eco/wp/onlinewp.htm#2000
Inward investment and technical progress in the UK manufacturing sector
http://www.olis.oecd.org/olis/2000doc.nsf/c5ce8ffa41835d64c125685d005300b0/c125692700623b74c12569760048ed00/$FILE/00084406.PDF
Aggregate growth: what have we learned from microeconomic evidence?
http://www.olis.oecd.org/olis/2000doc.nsf/c5ce8ffa41835d64c125685d005300b0/c125692700623b74c1256976004bc43b/$FILE/00084403.PDF
Determinants of long-term growth: a Bayesian Averaging of Classical Estimates (BACE) approach
http://www.olis.oecd.org/olis/2000doc.nsf/c5ce8ffa41835d64c125685d005300b0/c125692700623b74c1256976004bc268/$FILE/00084399.PDF
The great reversals: the politics of financial development in the 20th century
http://www.olis.oecd.org/olis/2000doc.nsf/c5ce8ffa41835d64c125685d005300b0/c125692700623b74c1256976004bc21a/$FILE/00084395.PDF
Trade and growth: still disagreement about the relationship
http://www.olis.oecd.org/olis/2000doc.nsf/c5ce8ffa41835d64c125685d005300b0/c125692700623b74c12569760048ecc5/$FILE/00084393.PDF
Growth effects of education and social capital in the OECD countries
http://www.olis.oecd.org/olis/2000doc.nsf/c5ce8ffa41835d64c125685d005300b0/c125692700623b74c12569760048ec74/$FILE/00084394.PDF
Human capital in growth regressions: how much difference does data quality make?
http://www.olis.oecd.org/olis/2000doc.nsf/c5ce8ffa41835d64c125685d005300b0/c125692700623b74c12569760048ebe5/$FILE/00083787.PDF
Summary of an informal workshop on the causes of economic growth
http://www.olis.oecd.org/olis/2000doc.nsf/c5ce8ffa41835d64c125685d005300b0/c125692700623b74c125697600462c6c/$FILE/00084387.PDFBank of International Settlements Policy Papers
http://www.bis.org/publ/pub_list.htm#PO
Managing foreign debt and liquidity risks
http://www.bis.org/publ/plcy08.htmInternational Monetary Fund (IMF) Working Papers
http://www.imf.org/external/pubs/cat/wp1_sp.cfm?s_year=2000&e_year=2000&brtype=default
Determinants of Barter in Russia: An Empirical Analysis
http://www.imf.org/external/pubs/ft/wp/2000/wp00155.pdf
Chile's Rapid Growth in the 1990s: Good Policies, Good Luck, or Political Change?
http://www.imf.org/external/pubs/ft/wp/2000/wp00153.pdf
External Capital Structure: Theory and Evidence
http://www.imf.org/external/pubs/ft/wp/2000/wp00152.pdf
Population Aging and Global Capital Flows in a Parallel Universe
http://www.imf.org/external/pubs/ft/wp/2000/wp00151.pdf
Should Subsidized Private Transfers Replace Government Social Insurance?
http://www.imf.org/external/pubs/ft/wp/2000/wp00150.pdfNational Bureau of Economic Research Working Papers
http://www.nber.org/new.html#latest
Commercial Policy with Altruistic Voters
http://papers.nber.org/papers/W7984
The Social Discount Rate
http://papers.nber.org/papers/W7983
An Economic Analysis of Alcohol, Drugs, and Violent Crime in the National Crime Victimization Survey
http://papers.nber.org/papers/W7982
Why Don't Prices Rise During Periods of Peak Demand? Evidence from Scanner Data
http://papers.nber.org/papers/W7981
Personal Income Taxes and the Growth of Small Firms
http://papers.nber.org/papers/W7980
The Health Care Consequences of Smoking and its Regulation
http://papers.nber.org/papers/W7979
Using Asset Prices to Measure the Cost of Business Cycles
http://papers.nber.org/papers/W7978
Nonprofit Sector and Part-Time Work: An Analysis of Employer-Employee Matched Data of Child Care Workers
http://papers.nber.org/papers/W7977
Tax Policy, Venture Capital, and Entrepreneurship
http://papers.nber.org/papers/W7976
Accounting for Recent Declines in Employment Rates Among the Working-Aged Disabled
http://papers.nber.org/papers/W7975
Investor Protection and Equity Markets
http://papers.nber.org/papers/W7974
Moving to Opportunity in Boston: Early Results of a Randomized Mobility Experiment
http://papers.nber.org/papers/W7973
When Do Research Consortia Work Well and Why? Evidence from Japanese Panel Data
http://papers.nber.org/papers/W7972
International and Domestic Collateral Constraints in a Model of Emerging Market Crises
http://papers.nber.org/papers/W7971
Development, Health, Nutrition, and Mortality: The Case of the 'Antebellum Puzzle' in the United States
http://papers.nber.org/papers/H0130Wharton Financial Institutions Center
http://fic.wharton.upenn.edu/fic/wfic/papers/00.html
Optimal Bank Regulation and Monetary Policy
http://fic.wharton.upenn.edu/fic/wfic/papers/00/p0038.htmlStockholm School of Economics Working Paper Series in Economics and Finance
http://swopec.hhs.se/hastef/
Outward Investment, Employment and Wages in Swedish Multinationals
http://swopec.hhs.se/hastef/abs/hastef0408.htm
Scapegoats and Transparency in Organizations
http://swopec.hhs.se/hastef/abs/hastef0407.htm
A Signalling Theory of Scapegoats
http://swopec.hhs.se/hastef/abs/hastef0406.htm
Dynamics of Technical Efficiency and Productivity Change under Central Planning: The Romanian Cement Industry 1966-1989
http://swopec.hhs.se/hastef/abs/hastef0405.htm
[Back to Contents]Federal Reserve Board of Governors [.pdf]
Research Roundup
http://www.fmcenter.org/pdf/roundup00Q3web.pdf
Third Quarter 2000Federal Reserve System [.pdf]:
FRB Chicago
Chicago FedLetter
http://www.frbchi.org/pubs-speech/publications/periodicals/chilet/cflnov2000_159.pdf
November 2000
Chicago FedLetter contains the article "Structural Change and Cyclicality of the Auto Industry" by Thomas Klier in the November 2000 edition. [EM]FRB Cleveland
Economic Trends
http://www.clev.frb.org/research/Et2000/1000/index.htm
October 2000
The October 2000 issue of Economic Trends covers the newest trends in labor markets, the federal budget, and cross-generation wealth transfers. [EM]FRB Dallas
Southwest Economy
http://www.dallasfed.org/htm/pubs/swe.html
September/October 2000
The September/ October 2000 issue of Southwest Economy includes the articles "The New Paradigm in Europe: Is Goldilocks Going Global?" and "A Common Currency for the Americas?" [EM]FRB Kansas City
Economic Review
http://www.kc.frb.org/publicat/econrev/er00q3.htm
Third Quarter, 2000
A quarterly journal consisting of articles by the FRB Kansas City economic research staff, this edition of Economic Review includes articles on global monetary policy. [EM]FRB New York
Current Issues in Economics and Finance
http://www.ny.frb.org/rmaghome/curr_iss/ci6-11.html
October 2000
Current Issues in Economics and Finance contains the transcriptions of a speech by Jamie B. Stewart, Jr., First Vice President and Chief Operating Officer of the Federal Reserve Bank of New York, given at Sibos 2000. The speech is entitled "Changing Technology and the Payment System." [EM]Federal Deposit Insurance Corporation [.pdf]
Survey of Real Estate Trends
http://www.fdic.gov/bank/analytical/survey/2000july/0007.pdf
July 2000
The FDIC's Survey of Real Estate Trends covers the opinions of 256 senior examiners and asset managers at federal bank and thrift regulatory agencies over a six-month period. According to this issue, general conditions for real estate remained unchanged over the past six months. [EM]Bank for International Settlements (BIS) [.pdf]
BIS Review
http://www.bis.org/review/index.htm
Recently released articles and speeches from the BIS Review include the speech "Thailand -- where we are now and what we are trying to do," by M.R. Chato Mongol Sonakul, Governor of the Bank of Thailand, at the Asia Society Southern California Centre; a speech given by Donald T. Brash to the American Chamber of Commerce, Auckland, New Zealand, on the fall of the New Zealand dollar; and a speech on global Euro markets given by Hermann Remsperger of the Directorate of the Deutsche Bundesbank. [EM]American Enterprise Institute for Public Policy Research
Economic Outlook
http://www.aei.org/eo/eo12149.htm
October 2000
The October 2000 issue of Economic Outlook from the AEI consists of the article "Oil: It Could Get Ugly," which looks at the economic impact of the rising price of oil. [EM]
[Back to Contents]BakerBooks -- Harvard Business School
http://www.library.hbs.edu/bakerbooks/
The latest issues of New Books at Baker Library and New Books from HBS Press are now available from Harvard University's BakerBooks site. These updates are posted by the fifteenth of each month and cover new additions for the preceding month. [EM]National Bureau of Economic Research Books
http://www.nber.org/books.html
The National Bureau of Economic Research (NBER) presents its collection of books published in 2000, complete with tables of contents and ordering information. The site also offers chapters from books-in-progress. [EM]Econbase -- Elsevier
http://www.elsevier.nl/gej-ng/29/27/show/
The abstracts, tables of contents, and in some cases full-text, for over 60 journals are now available online, including the following: Journal of Accounting and Economics (Vol. 29, No 1), Resources Policy (Vol 26, No 2), Labour Economics (Vol 7, No 5), Pacific-Basin Finance Journal (Vol 8, No 3-4), World Development (Vol 28, No 11), European Journal of Political Economy (Vol 16, No 3), and Journal of Econometrics (Vol 99, No 2). [EM]
[Back to Contents]Inomics Conference Calls:
Email Conference Alert
http://www.inomics.com/query/alert
Conference Search
http://www.inomics.com/query/conf_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. [EM]Conferences with Econometric Interest
http://www.eur.nl/few/ei/links/#conferences
The Royal Economics Society's Econometrics Journal site lists conferences in econometrics in its Econometric Links section. Forthcoming international conferences currently listed include the Society of Labor Economists (SOLE) Annual meeting, April 20-21, 2001, in Austin, Texas, and the Royal Economic Society Annual Conference, April 9-12, 2001, in Durham, England. [EM]Sixth Spring Meeting of Young Economists
http://www.econ.ku.dk/smye/
March 30 - April 1, 2001
Copenhagen, DenmarkYoung Scholars Conference, Unemployment: Causes and Cures
http://www.zew.de/en/frameset.html
April 2-3, 2001
Berlin, Germany
[Back to Contents]Job Openings from The Chronicle of Higher Education
Job Openings in Economics
http://jobs.chronicle.com/free/jobs/faculty/sscience/econ/links.htm
Job Openings in Business and Management
http://jobs.chronicle.com/free/jobs/faculty/professional/business/links.htmJob Openings for Economists (JOE)
http://www.eco.utexas.edu/joe/joe/Inomics: Job Openings for Economists
http://www.inomics.com/query/job_search
[Back to Contents]
|
|
Personal Income, September 2000 -- Bureau of Economic Analysis (BEA)
http://www.bea.doc.gov/bea/newsrel/pi0900.htm
In September 2000, personal income increased 1.1 percent, or $90.3 billion. Disposable personal income also rose 1.1 percent, or $77.7 billion. In contrast, August's personal income increased 0.4 percent, and disposable personal income rose only 0.2 percent. [EM]
[Back to Contents]Mass Layoffs, September 2000 -- Bureau of Labor Statistics (BLS)
http://stats.bls.gov/news.release/mmls.toc.htm
Released on October 31, 2000, the Mass Layoffs report shows 936 mass layoff actions during September 2000. Each of these actions involved at least 50 employees and was measured by the number of new filings for unemployment insurance benefits. [EM]
[Back to Contents]United States Department of Agriculture (USDA)
2000 Agency Reports/ Schedule
http://www.usda.gov/news/calindex.htm
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 this calendar site. Notable data for November 2000 include the Broiler Hatchery report and the Export Sales report. [EM]
[Back to Contents]Emissions of Greenhouse Gases in the United States 1999 -- Energy Information Administration
http://www.eia.doe.gov/oiaf/1605/ggrpt/index.html
EIA's annual report on human-caused greenhouse gases in the US shows an annual average increase of 1.1 percent over the past ten years. In 1999, the total emission of greenhouse gases in the US is estimated at 1,833 million metric tons of carbon equivalent, 0.8 percent higher than the estimated level in 1998. [EM]
[Back to Contents]
|
|
Fined Teen Trader Still Made Half Million from Fraudulent Trading Scheme
1) "Teen Trader Made a Mint Anyway" -- Wired News
http://www.wired.com/news/politics/0,1283,39583,00.html
2) "Pump And Dump" -- CBS News/ 60 Minutes
http://cbsnews.com/now/story/0,1597,242489-412,00.shtml
3) "SEC Brings Fraud Charges in Internet Manipulation Scheme" -- SEC
http://www.sec.gov/news/lebed15.htm
4) "Teenage Stock Phenom Agrees To Return Gains" -- Washington Post
http://www.washingtonpost.com/wp-dyn/articles/A47173-2000Sep20.html
5) "10th Grader Charged With Securities Fraud" -- TheStreet.com
http://www.thestreet.com/stocks/brokerages/1090004.html
6) "SEC Tells Teen Trader to Pay Up" -- TheStandard.com
http://www.thestandard.com/article/display/0,1151,18710,00.html?nl=mg
7) Day Trading -- About.com
http://daytrading.about.com/money/daytrading/
Last month, fifteen-year-old Jonathan Lebed became the youngest person to be accused of securities fraud by the Securities and Exchange Commission (SEC). The New Jersey high school student paid $285,000 to settle stock manipulation charges relating to eleven trades. However, according to CBS, he made about $800,000 from sixteen trades that were not investigated by the SEC. Lebed, who was a finalist in a CNBC stock-picking contest three years earlier, used a "pump-and-dump" method in which he bought shares of an inexpensive stock, used online stock trading bulletin boards to hype his stock, and then, after the price of the stock rose, sold it at a profit. In its press release on the case, the SEC claimed that Lebed used "multiple fictitious author names for the hundreds of identical messages he posted during each manipulation" mainly to a variety of Yahoo! Finance message boards. Lebed posted that one of his stocks was "the most undervalued stock ever" and would be the "next stock to gain 1000 percent." Although he did not admit or deny the charges brought by the SEC, Lebed repayed the US Treasury his profits, plus $12,174 in interest, bringing the total sum to $285,000. In an interview with 60 Minutes, Lebed stated, "Yes, [I manipulated stocks], but I wasn't doing anything wrong . . . I wasn't posting any kind of false information." However, SEC chairman Arthur Levitt disagreed. "He used fictitious names. He made predictions ... without any foundation," says Levitt, "The purpose ... was not to help investors ... but rather to line his own pockets as soon as he hyped the price of the stock."
Wired News(1) reports that, while Jonathan Lebed paid $285,000 in fines to the Treasury, he actually made about $800,000 his trading practices. CBS News and 60 Minutes (2) offer insight from 60 Minutes's October 22 interview with Lebed. The official press release from the Securities and Exchange Commission (3) gives details on the case and urges online traders to research companies carefully. The Washington Post(4), TheStreet.com (5), and TheStandard.com (6) all give basic information about Lebed and his trading practices. Finally, Day Trading at About.com (7) offers a comprehensive guide to trading online. [EM]
[Back to Contents]
Scout Report for Business & Economics Subscription Instructions
To receive the electronic mail version of the Scout Report for Business & Economics every other Thursday, join the SRBUSECON mailing list. This is the only mail you will receive from this list.
- To subscribe online to the Scout Report for Business & Economics, go to:
http://scout.cs.wisc.edu/misc/lists/ - Or send email to:
listserv@cs.wisc.edu
In the body of the message type:
subscribe SRBUSECON - To unsubscribe, send email to:
listserv@cs.wisc.edu
In the body of the message type:
unsubscribe SRBUSECON - For subscription options, send email to:
listserv@cs.wisc.edu
In the body of the message type:
query SRBUSECON
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
Travis Koplow Emily Missner Pat Coulthard |
-- -- -- -- |
Director Managing Editor Editor Technical Specialist |
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 1994-2000. http://scout.cs.wisc.edu/
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, 1994-2000. The Internet Scout Project (http://scout.cs.wisc.edu/), 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.
A Publication of the Internet Scout Project
Comments, Suggestions, Feedback
Use our feedback form or send email to scout@cs.wisc.edu.
© 2000 Internet Scout Project
Information on reproducing any publication is available on our copyright page.