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Financial News for the Digital Economy - DFIN.COM
San Diego, CA
March 9, 1999

5 Minute Weekly NewsBreak (Synopses of important and timely
financial/Internet/economic  stories) The purpose is to easily allow the
subscriber to keep staff current on financial and digital affairs.
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Week of February 28, 1999

A Scottish Bank takes affinity marketing to a new level with Pat Robertson.
The NYSE set an all time high this week while the unemployment rate edged
higher.  Has the yield curve began its traditional upward shift and  shape
change (see graph).  Is this the beginning of a normal term structure of
interest rate shift?  Are the "bag ladies" entering the stock market?  More
on this next week. The EU has established consumer privacy laws that may
negatively impact database marketers in the USA, but increase consumers
privacy.  Maybe we should learn from the EU, after all, they have witnessed
what a lack of privacy did in Nazi Germany.
MORE  http://www.dfin.com/dfwu.htm


Scottish Bank Teams Up with Pat Robertson For U.S. Push, Wednesday, March 3,
1999, By Brett Chase, American Banker - This is a very unique marketing
move, but will a partner that polarizes the population be a good long term
strategic move?  Why didn't they mention the Internet in their strategy?
MORE  http://www.dfin.com/dfwu.htm

EU Privacy Rule Worries U.S. Firms,  Restriction on transmitting personal
data could lead to trade skirmishes, March 6, 1999, By GREG MILLER, Times
Staff Writer -  Database marketing in the USA is a growth industry and
considered vital to many companies.  In general, the USA has had a good
history of protecting citizens privacy. However, is too much of our private
information available to the highest bidder?  EU Internet privacy laws may
unfavorably impact commerce with the USA but there roots go back to Nazi
Germany.  MORE  http://www.dfin.com/dfwu.htm

Free or cheap Net access may change the game, March 4, 1999, Mercury News -
The stock market primarily equates value for Internet companies based upon
the number of customers.  With this being the case why wouldn't companies
subsidize consumers directly in order to capture a large Internet market
share rapidly.  NetZero in a few months has 40% of the customers that the
IBM ISP took years to build, and a free service in England is the largest
ISP in England having surpassed AOL. MORE  http://www.dfin.com/dfwu.htm
U.S. unemployment rate ticks up as manufacturing sector loses more jobs, But
overall, payrolls jump a strong 275,000 in February, ASSOCIATED PRESS, from
MSNBC, WASHINGTON, March 5 - The big news is that productivity continues
strong and this bodes well for corporate profitability and low inflation.
MORE  http://www.dfin.com/dfwu.htm

PNC to Chop Expenses by As Much as $200 Million, March 4, 1999, By Karen
Talley, American Banker -  The existing banks better watch their backs as
start-ups like NetBank and the new Bank of Scotland subsidiary start to take
advantage of their structural economies.
MORE  http://www.dfin.com/dfwu.htm

Net population to double by 2005, By Bloomberg News, Special to CNET
News.com, March 1, 1999, London -   In another forecast that The Digital
Financier believes will prove to be underestimated "The number of people
using the Internet worldwide will double to 300 million by 2005, with the
greatest growth in Asia and South America, according to a new report."
MORE  http://www.dfin.com/dfwu.htm

Mortgage Borrowers Scramble as Rates Jump, March 1, 1999, By Heather
Timmons, American Banker -  "A lot of people are irritated that they missed
the bottom," said Luke Hayden, executive vice president of Chase Manhattan
Bank in New York. "The near-term surprise is that rates drifting up have
caused a lot of mortgage applicants to jump in." MORE
http://www.dfin.com/dfwu.htm

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