The Scout Report for Business & Economics - May 17, 2001

May 17, 2001

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

The target audience of the 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

New from Internet Scout


Learning Resources

General Interest

Current Awareness

New Data

In The News

New from Internet Scout

The Last Month of the Scout Report for Business & Economics
The Internet Scout Project is sad to announce that we will be discontinuing publication of the Scout Report for Business & Economics after the next issue (May 31) as we have been unable to secure funding to continue publishing our subject-specific reports. The last issue of the Scout Report for Social Sciences & Humanities will be May 29, and the last issue of the Scout Report for Science & Engineering will be June 20. We have, however, no immediate plans to cease publishing our flagship report, the Scout Report. Many thanks to our loyal readers.
If you do not already receive the Scout Report, you can subscribe here:
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Stanford Securities Class Action Clearinghouse
The Stanford Law School presents the Stanford Securities Class Action Clearinghouse, a free, full-text database that identifies over 1,000 issuers named in federal class action securities fraud lawsuits since the Private Securities Litigation Reform Act of 1995 was passed. The site provides "detailed information relating to the prosecution, defense, and settlement of federal class action securities fraud litigation." The site's search engine allows users to search by name of company sued or its ticker symbol, District Court where the case was filed, or by month or year in which the case was filed. [EM]
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Market Access for Developing Countries' Exports -- IMF and World Bank [.pdf]
Released on Tuesday May 8, 2001, Market Access for Developing Countries' Exports is a 61-page report that strives to show that developing countries are also benefiting from multilateral, unilateral, and regional trade liberalization. The report is divided into three main sections. Protection in Merchandise Trade offers information on tariffs, agricultural subsidies and non-tariff measures, and trade preferences. The second section, Trade in Services, provides background, current research, and forecasts in two categories: barriers to trade in services and measuring barriers to trade in services. Finally, the last section explores the benefits of liberalizations in several different factions. [EM]
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Institute of Development Studies Research on Globalisation
The Institute of Development Studies (IDS) is an internationally known center for development research and study located in Bristol, England. The Globalisation team creates policy-related research and advisory agendas focused on "spreading the gains of globalisation" to all people equally. Be sure to explore the Recent Highlights section of the Website, which contains excellent briefs on the Globalisation team's current research. The Current Activities section of the site explains the team's current research interests in fascinating, easy-to-understand language. [EM]
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Development Goals
The International Development Goals "set targets for reductions in poverty, improvements in health and education, and protection of the environment." These goals have been adopted by the World Bank, the International Monetary Fund, the UN, and numerous other agencies. At this site, visitors can learn more about specific goals and view data for both regions and specific countries. At present, there are 207 country tables which present timeseries data for four of the last ten years. These are accessed via a pull-down menu in the data section, along with goal tables by region and maps. Charts accessed through the pull-down menu include definitions for each indicator. Summaries of progress towards each of the goals and regional overviews are also available at the bottom of the data page. [MD]
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Employment Characteristics of Families -- Bureau of Labor Statistics
News release:
Last month, the Bureau of Labor Statistics released data on the employment characteristics of American families. The statistics include data on employment and unemployment in families by race, relationship, sex, marital status, presence of children in the family, and presence of children under three, among others. The data can be accessed from a table of contents or reviewed in an extensive news release. [DC]
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Learning Resources

Book-keeping and Accounting Interactive Tutor
The Book-keeping and Accounting Interactive Tour (BAIT), from Biz/Ed, is a helpful collection of exercises for bookkeeping students of all levels. BAIT suggests that students use these worksheets as supplementary lessons to formal accounting classes. Six interactive worksheets on accounting principles offer fill-in-the-blank activities on topics including the accounting equation; double-entry for assets and liabilities, revenues and expenses; and accruals and prepayments. After completing each worksheet, BAIT requests users fill out an evaluation form. [EM]
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Immigration Index
Striving to become the "immigration resource directory on the net," the Immigration Index is a newly launched Website dedicated to news and information about immigration worldwide. Along with breaking headlines from a variety of news sources about immigration-related issues such as asylum, migration, trafficking and women, and much more, the site contains a fully annotated collection of links to immigration materials all around the World Wide Web. Only a month old, some of the categories in the Index's hierarchy still need some filling in. In time, however, the Immigration Index promises to become an invaluable resource for interested parties. [EM]
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Jump$ [.pdf]
Jump$ is the home for the Jump$tart Coalition for Personal Financial Literacy, a nonprofit organization that strives to improve "personal financial literacy" for young adults. The site is a little difficult to navigate. There are, however, some wonderful hidden collections of resources that provide sensible, easy-to-digest information, mainly taken from US government Websites. These may be found in the "list of free educational materials" in the Personal Finance Clearinghouse section of the site. Downloadable reports and lessons are found via the Downloads button at the top of the main screen. Be sure to check out the 21-page report "Understanding Money in Everyday Family Life," a publication of Kid Capital. [EM]
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BabyBoomWomen@Work2020 is part of a research project at La Trobe University in Melbourne, Australia. The project examines how women born between 1946 and 1964 (i.e., the Baby Boom) see paid work after the age of 65 and the ways in which public policy will affect this aging sector of the female workforce. The site offers information on its ongoing studies as well as a varied collection of links. [EM]
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General Interest
Created and maintained by Steve McNamara, marketing professional, was built in order to "help creative creatures create" marketing campaigns and advertising concepts. This light-hearted Website offers helpful exercises and techniques to help creative professionals start thinking outside of the box. The site contains four main sections. AdBasics provides seven short "how tos" on the basics of creating a marketing scheme including "How to write a creative brief," "How to position a company, product or service," and "How to create and characterize a brand." While these lessons are deeply simplified, they do give a basic overview of these concepts. AdCreative offers some fun brainstorming techniques as well as tips for performing successful presentations. AdNauseam is a catch-all for short and miscellaneous pieces related to advertizing. Finally, IdeaMachine offers a no-nonsense, fast lesson on creating memorable ad copy. [EM]
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A Classification of American Wealth
Brought to you by Raken, an ecommerce site specializing in ethnic-inspired art, A Classification of American Wealth is a genealogy and history of the wealthiest families in US history. This online book-in-progress is being written by Drew Caradine Shouter, a pseudonymous writer and historian who specializes in wealth accumulation and society in the United States. The site continues to expand and currently contains chapters on the years 1675, 1700, 1725, 1750, and 1775, including profiles of the wealthy individuals alive during these time periods. Topics explored include manor lords, planters and aristocrats, shipping merchants, New York City landlords, and early industrialists. [EM]
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While most mutual fund information Websites will tell you when you should buy mutual funds, FundAlarm, created and maintained by Roy Weitz, CPA, offers news and information that will help users make informed decisions about selling their mutual finds. Along with a database of nearly 4,000 data tables of stocks and balanced mutual finds, FundAlarm also provides three lists of mutual funds: those that should be sold right away, those to keep, and mutual funds that are merely strong candidates for selling. News and commentary as well as discussion boards for the mutual fund community round out the site. [EM]
[Back to Contents] offers a number of automobile dashboard-inspired charts for understanding the main indicators of the US economy and US national expenditures. Easy to read, but rather difficult to describe, EconDash's charts present a meter for each indicator and expenditure. Users can click on the meters (e.g., private fixed investment growth, labor productivity) to access further information: descriptions, trendlines, and analysis. The site also contains a helpful FAQ guide to using and understanding the tools, "Econ 101" a short lesson in basic economic concepts, and links to some of the best economics sites online. [EM]
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2001 Urban Mobility Report [.pdf]
Released on Monday, this new report from the Texas Transportation Institute at Texas A&M University in College Station reveals that the last time "rush hour" only lasted an hour, Richard Nixon was the President. Based on 1999 data from 68 urban areas, the study finds that the average American spends 36 hours per year stuck in traffic, up from 11 hours in 1982. Among other things, the report rates congestion in cities by several measures, and Los Angeles ranks last in every one. At the site, visitors will find one and two page summaries, report sections, mobility data from selected cities accessed via an interactive map, a discussion on mobility measures, and other information. [MD]
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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 [.pdf]
Using Subordinated Debt to Monitor Bank Holding Companies: Is it Feasible?
Disentangling the Wealth Effect: A Cohort Analysis of Household Saving in the 1990s
The Production-Side Approach to Estimating Embodied Technological Change
Looking Ahead: Young Men, Wage Growth, and Labor Market Participation
The Importance of Employer-to-Employer Flows in the U.S. Labor Market
Incorporating Event Risk into Value-at-Risk
Market Definition in Banking: Recent Evidence
Investigating the Sources of Default Risk: Lessons from Empirically Evaluating
Credit Risk Models
Measuring the Reaction of Monetary Policy to the Stock Market

Federal Reserve System:
FRB Atlanta Working Papers [.pdf]
The Effect of the Common Bond and Membership Expansion on Credit Union Risk
The Diffusion of Financial Innovations: An Examination of the Adoption of Small Business Credit Scoring by Large Banking Organizations
A Generalized Method for Detecting Abnormal Returns and Changes in Systematic Risk
Gender Differences in Salary and Promotion for Faculty in the Humanities, 1977-95
Immediate Disclosure or Secrecy? The Release of Information in Experimental Asset Markets
Is There Discrimination in Mortgage Pricing? The Case of Overages

FRB San Francisco Working Papers [.pdf]
Economic Outcomes of Working-Age People with Disabilities over the Business Cycle: An Examination of the 1980s and 1990s
The Supplemental Security Income Program

FRB St. Louis Working Papers [.pdf]
Consolidation in US Banking: Who are the Acquirers?
Regime Switching and Monetary Policy Measurement
Risk and Return: Some New Evidence

Other Institutions:
Bank for International Settlements Basel Committee on Banking Supervision Working Papers
Risk Management Principles for Electronic Banking
Conducting a Supervisory Self-Assessment: Practical Application
Public disclosures by banks: results of the 1999 disclosure survey
Review of issues relating to Highly Leveraged Institutions

National Bureau of Economic Research Working Papers [.pdf]
Employment, Dynamic Deterrence and Crime
Who Bears the Burden of the Corporate Tax in The Open Economy?
Keiretsu and Relationship-Specific Investment: Implications for Market-Opening Trade Policy
Ownership and Use Taxes as Congestion Correcting Instruments
On the Fiscal Implications of Twin Crises
A New Approach to Valuing Secured Claims in Bankruptcy
Does the Current Account Matter?
Dollarization and Economic Performance: An Empirical Investigation
Two-Sided Learning, Labor Turnover and Worker Displacement
Legal Origins
Prices and Price Dispersion on the Web: Evidence from the Online Book Industry
Intergenerational Risk Sharing in the Spirit of Arrow, Debreu, and Rawls, with Applications to Social Security Design
Does Money Matter? Regression-Discontinuity Estimates from Education Finance Reform in Massachusetts
Preferences for Redistribution in the Land of Opportunities
Measuring Masters and Masterpieces: French Rankings of French Painters and Paintings from Realism to Surrealism
Stock Market Liberalizations and the Repricing of Systematic Risk
Economic Problems of Ireland in Europe

Organisation for Economic Co-operation and Development Working Papers [Excel, .pdf]
Options for reforming the tax system in Greece

Wharton Financial Institutions Center Working Papers [.pdf]
Infrastructure Requirements in the Area of Bankruptcy Law
The Case of the Missing Market: The Bond Market and Why It Matters for Financial Development
A Simple Approach to Estimate Recovery Rates with APR Violation from Debt Spreads

Stockholm School of Economics Working Paper Series in Economics and Finance
What if the Fed Had Been an Inflation Nutter?
Predicting Survival in cost-effectiveness analyses based on clinical trials
Stronger evidence of long-run neutrality: a comment on Bernanke and Mihov
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Federal Reserve Board of Governors
Federal Reserve Bulletin [.pdf]
April 2001
Federal Reserve Bulletin is a monthly publication written and compiled by staff members of the Federal Reserve Board of Governors, reporting and analyzing economic developments, data, and bank regulatory issues. The April 2001 edition of this publication contains the article "Financial Services Used by Small Businesses: Evidence from the 1998 Survey of Small Business Finances." [EM]

Federal Reserve System:
FRB Chicago [.pdf]
June 2001
The June 2001 edition of FedLetter from the Federal Reserve Bank of Chicago considers Chicago's global connections and position in the world economy. [EM]

FRB Dallas
Houston Business [.pdf]
May 2001
Houston Business considers the drop in job growth in the oil industry in the article "Where are the Oil Jobs?" [EM]

FRB Minneapolis [.pdf]
The Region
April 2001
The April 2001 edition of The Region presents FRB Minneapolis' yearly essay on the annual report. This year, the essay focuses on the restructuring of Fed's payment systems. [EM]

FRB New York [Excel, .pdf]
Current Issues in Economics and Finance
April 2001
"Stocks in the Household Portfolio: A Look Back at the 1990s," a report by Joseph Tracy and Henry Schneider, is featured the most recent issue of Current Issues in Economics and Finance.[EM]

FRB St. Louis [.pdf]
National Economic Trends
March 2001
The March 2001 issue of National Economic Trends from FRB St. Louis considers the Baby Boom generation's effect on the recent American economic boom. [EM]

International Monetary Fund
Economic Issues
March 2001
Economic Issues explores public policy in terms of rural poverty in developing countries with a series of articles in its March 2001 edition. [EM]

American Enterprise Institute for Public Policy Research
AEI Economic Outlook
May 2001
American Enterprise Institute for Public Policy Research, a conservative think tank located in Washington DC, analyzes the reasons why the American dollar is so strong compared with other major currencies. [EM]
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Books and Journals

BakerBooks -- Harvard Business School
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
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
The abstracts, tables of contents, and in some cases full-text, for over 60 journals are now available online, including the following: Journal of International Economics (Vol 54, No 2), Journal of Development Economics (Vol 65, No 1), Agricultural Economics (Vol 24, No 3), Journal of Econometrics (Vol 102, No 1), Research Policy (Vol 30, No 4), and Journal of International Financial Markets, Institutions & Money (Vol 11, No 2). [EM]
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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. [EM]

Conferences with Econometric Interest
The Royal Economics Society's Econometrics Journal site lists conferences in econometrics at this Econometric Links section. [EM]

Joint Statistical Meetings
August 11-15, 2002
New York, New York

Australasian Finance & Banking Conference
December 17-19, 2001
Sydney, Australia
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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
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New Data

"Our Homes, Our Neighborhoods, 1999" -- US Census Bureau [.pdf]
This brief from the US Census bureau highlights the findings from the 1999 American Housing Survey of the occupants of 47,000 housing units across the US. The major findings include that renters pay greater housing costs than homeowners for nearly every house size. [EM]
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Metropolitan Area Personal Income and Per Capita Personal Income: 1999 -- Bureau of Economic Analysis
This new release from the BEA shows that "strong earnings growth in 'new economy' industries like business services and communications contributed to rapid personal income growth for the nation's fastest growing metropolitan areas in 1999." [EM]
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Producer Price Index, April 2001 -- Bureau of Labor Statistics
The Bureau of Labor Statistics reports that the Producer Price Index for Finished Goods rose 0.3 percent in April 2001. This follows a 0.1 percent drop in March 2001 and a 0.1 percent rise in February. [EM]
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United States Department of Agriculture (USDA)
2000 Agency Reports/ Schedule
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 May 2001 include Cotton and Wool Outlook and a report on potato stocks. [EM]
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In The News

Mac Goes Retail
Apple - Retail
Inside the core of Apple's new stores -- CNET [RealPlayer, Windows Media Player]
"Apple retail stores aimed to grow Mac market share" -- MacCentral Online
Apple To Open 25 Stores In 2001, Break Even In 2nd Quarter, Profit In 2002" -- _Mac Observer
"Apple takes on Retail market" -- ZDNet,4586,5082906,00.html
"Apple builds its own cart" -- MSNBC
"Apple gambles on high-rent retail space" -- San Jose Mercury News
"Apple to open 25 US retail outlets" -- Boston Globe
On Tuesday, Apple Computer unveiled its plans to construct 25 retail stores across the US this year in an effort to increase its share of personal computer users, which currently stands at about five percent. The first two stores opened May 15 in McLean, Virginia (also home of the CIA) and in the Los Angeles area. Apple hopes that the stores will build brand awareness, demonstrate to consumers the range of accessories and software available for Mac, and serve as a corrective to the marginalization of Macs in many retail stores. While the announcement has been met with guarded praise by some analysts, others have expressed serious doubts, especially given the recent drop in PC sales and Gateway's decision to close 40 percent of its retail stores.

The homepage of Apple - Retail offers some information on the grand openings and upcoming events in the stores. CNET's special report includes articles, analysis, related stories, and some video clips. Coverage is also available from the Mac news sources MacCentral Online and Mac Observer, as well as online news stalwarts ZDNet and MSNBC. Additional stories may be found in the San Jose Mercury News and the Boston Globe.[MD]
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