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On the one hand, you'll likely never find anything so aptly named in finance. It is indeed a beige book. But its real title is the Summary of Commentary on Current Economic Conditions by Federal Reserve District. About two weeks before the Federal Open Market Committee meets to decide on interest rates, Fed governors get a compilation of how individual Federal Reserve banks view their economic health. (Actually, a different Fed bank is responsible each time to put it together, so they pass the workload around like roommates deciding who'll do the dishes.)
Obviously, it's important stuff. Since it's rather timely, many stock traders and economists use it to gauge whether the Fed has the same view of economic conditions as the market seems to.
But it's not scientific -- even the Fed admits that it's "anecdotal." And the Beige Book is the result of dozens of interviews with economists, bank branch managers, market experts and business leaders. As a result, a survey of pessimists in a district can paint a decidedly glass-half-empty picture. What's more, the Beige Book surveys all 12 Fed districts, and economic conditions in Cleveland can be much different than, say, Richmond, Va.
As a result, the Beige Book is rarely a market-mover, unless it contradicts a bunch of other data. So, check out the summary, but you can find better reports to read before nodding off.
Home / Markets / Industries / Technology
Tuesday, July 22, 2008
Symantec Government Symposium 2008: Critical Connections on the Cyber Frontier
Comtex
CUPERTINO, CA, Jul 22, 2008 (MARKET WIRE via COMTEX) ----Symantec Corp. (NASDAQ: SYMC) today announced Symantec Government Symposium 2008, Symantec's annual event dedicated to the public sector and its partners. The event will bring together more than 500 government IT, security, and business professionals to discuss all aspects of information protection -- including storage management, endpoint security, virtualization, and backup and recovery -- as they relate to the public sector.
The event will be held on July 31, 2008, at the Ronald Reagan Building and International Trade Center in Washington, D.C. Symantec Chairman and CEO John W. Thompson and MSNBC Senior Campaign Correspondent Tucker Carlson will be keynote speakers.
"Government and industry are partners in protecting critical information and infrastructure in today's increasingly sophisticated threat environment," said Jim Russell, Symantec's vice president for public sector. "With this symposium, Symantec aims to further cultivate collaboration between the public and private sectors to share information and expertise on available technology and best practices. These critical connections will help reinforce public confidence in federal information security today and well into the future."
Focus on Key Public Sector Issues
Attendees at the Symantec Government Symposium 2008 will teach, learn and collaborate on a variety of timely topics, including the following:
-- What's ahead for FISMA 2.0 -- How trusted Internet connections can reduce the government's points of access from 1,000 to 50 -- Data center consolidation -- Green IT -- How Federal agencies can save up to $13.9 billion each year through telework -- The new National Cyber Security Initiative
To register for the Symposium, view the full speaker faculty, or access more information, visit www.symantec.com/symposium.
About Symantec
Symantec is a global leader in providing security, storage and systems management solutions to help businesses and consumers secure and manage their information. Headquartered in Cupertino, Calif., Symantec has operations in more than 40 countries. More information is available at www.symantec.com.
NOTE TO EDITORS: If you would like additional information on Symantec Corporation and its products, please visit the Symantec News Room at http://www.symantec.com/news. All prices noted are in U.S. dollars and are valid only in the United States.
Symantec and the Symantec Logo are trademarks or registered trademarks of Symantec Corporation or its affiliates in the U.S. and other countries. Other names may be trademarks of their respective owners.
CONTACT: Cris Paden Symantec Corp. 408/517-8547 cpaden@symantec.com Mike Arnone Connect Public Relations 703/234-5498 mikea@connectpr.com
SOURCE: Symantec
mailto:cpaden@symantec.com mailto:mikea@connectpr.com
Copyright 2008 Market Wire, All rights reserved.
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