Message-ID: <4855942.1075863439086.JavaMail.evans@thyme> Date: Mon, 20 Aug 2001 13:13:13 -0700 (PDT) From: j.kaminski@enron.com To: vkaminski@aol.com Subject: FW: The McKinsey Quarterly Newsletter---August 2001 Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Kaminski, Vince J X-To: 'vkaminski@aol.com' X-cc: X-bcc: X-Folder: \VKAMINS (Non-Privileged)\Kaminski, Vince J\Sent Items X-Origin: Kaminski-V X-FileName: VKAMINS (Non-Privileged).pst -----Original Message----- From: @ENRON [mailto:IMCEANOTES-+3CMckinsey+5FQuarterly+5FNewsLetter+40quantumecommerce+2Ecom+3E+40ENRON@ENRON.com] Sent: Wednesday, August 15, 2001 11:08 PM To: vkamins@enron.com Subject: The McKinsey Quarterly Newsletter---August 2001 ***************************************************** The McKinsey Quarterly Newsletter August 2001 http://www.mckinseyquarterly.com ***************************************************** SHARE THE WEALTH! If you know colleagues who would be interested in The McKinsey Quarterly, please forward this e-mail message to them! ***************************************************** ==========On the McKinsey Quarterly Web site this month========== What happened to the bull market? By the time NASDAQ had maxed out in the recent bull market, many financial commentators were claiming that something structural had changed in the economy: new economics and the increasing value of intangible assets and brands, among other things, were supposed to have replaced more traditional factors in determining stock market valuations. Nice in theory, perhaps, but wrong in practice. McKinsey analysis shows that the traditional triumvirate of earnings growth, inflation, and interest rates continues to drive stock prices. http://www.mckinseyquarterly.com/ab_g.asp?ar=1104&nlink=21 Broadband media: Look before you leap How long will it be before broadband for consumers revolutionizes television and video entertainment? After all, some 40 million households in the United States will gain access to broadband during the next three to five years. But broadcasters and other programmers would do well to temper their enthusiasm, at least for now: the time isn't right to invest heavily in broadband programming. http://www.mckinseyquarterly.com/ab_g.asp?ar=1100&nlink=22 Brains abroad Where does global talent go when opportunities aren't sufficiently plentiful at home? To the United States, of course. In the 1990s alone, some 650,000 people from emerging markets migrated there on professional-employment visas. This talent drain could have lasting economic repercussions for the developing world, depriving it not only of the skills of these workers but also of their beneficial effects on the productivity of others. http://www.mckinseyquarterly.com/ab_g.asp?ar=1101&nlink=23 Better UK productivity: An inside job There is little debate that Britain's manufacturing sector is in decline but less consensus about the reasons for it. A recent McKinsey study makes clear that the problem isn't the quality of the country's workforce: foreign-owned companies in Britain, drawing from the same pool of frontline labor as their British-owned competitors, are achieving much higher levels of productivity. The fault instead lies with British manufacturing companies that have failed to adopt practices proved elsewhere. http://www.mckinseyquarterly.com/ab_g.asp?ar=1106&nlink=24 +++++++++++++++++Also on the site this month++++++++++++ Shall we dance? http://www.mckinseyquarterly.com/ab_g.asp?ar=1105&nlink=25 The promised economy http://www.mckinseyquarterly.com/ab_g.asp?ar=1108&nlink=26 Mobilizing South Korea's women http://www.mckinseyquarterly.com/ab_g.asp?ar=1107&nlink=27 Chicago thinks small http://www.mckinseyquarterly.com/ab_g.asp?ar=1109&nlink=28 ------------------------------------------------------------- You are receiving this monthly newsletter because you are a registered user at mckinseyquarterly.com, the on-line business and economics journal published by McKinsey & Company. To unsubscribe, click the link below. If your e-mail program doesn't support hyperlinks, copy and paste the address into your browser: http://mckinseyquarterly.com/quickunsub.asp?userid=254625 -------------------------------------------------------------- Address other questions or comments to: quarterly_info@mckinsey.com --------------------------------------------------------------