Meeting Brochure - NABE

NABE’S 47th Annual MeetingSAVE $100Register Early!Change and Competitiveness:Who Moved My Paradigm?September 25–27, 2005Westin Chicago River North • Chicago, IllinoisREGISTER ONLINE www.nabe.com

ProgramPREMEETING EVENTSaturday, September 24, 200511:00 AM-5:00 PMIntermodal Facility TourVisit the Burlington Northern/Santa Fe Railwayfacility at Logistics Park in Chicago. See page 6for details.Sponsor: International RoundtableMEETING SESSIONSSunday, September 25, 200510:30-11:45 AMCONCURRENT SKILLS SESSIONSA. Presentation SkillsFind out how to develop the speaking skills andhabits you need to communicate effectively.C. Peter Giuliano, Chairman, ExecutiveCommunications Group“The Changing Geopolitical Landscape”David A. Wyss, Chief Economist, Standard& Poor’s“How Intellectual Property Issues AreImpacting Globalization”Marshall J. Schmitt, Partner,Jenner & BlockSponsor: NABE Corporate Planning RoundtableB. Educating the U.S. Workforce of theNext 50 YearsPanelists will discuss how we must educate andtrain children and youth to prepare them for 50-year careers.Kathleen M. Camilli, President, CamilliEconomics, LLC, moderatorClaire L. Gaudiani, Professor, New YorkUniversity Center for Philanthropy andFundraisingArne Duncan, CEO, Chicago Public SchoolsRobert F. Duvall, President and CEO,National Council on Economic EducationB. ChinaLearn how this emerging economic giant isaffecting everything from commodity prices tolabor force development.David W. Greising, Chicago Tribune,moderatorSpeakers TBASponsor: MotorolaC. Competitive Challenges Facing theAutomotive IndustryIn viewing the automotive industry as amicrocosm for many industries, what can welearn from its errors and its successes?Walter S. McManus, Director, Office forthe Study of Automotive Transportation(OSAT) University of Michigan TransportationResearch InstituteGeorge Magliano, Director, AutomotiveForecasting, Global InsightSponsor: Canadian Association for BusinessEconomicsB. Cost of Capital and CorporateValuationLearn about the cutting-edge methods andtechniques for determining the cost of capitalused in valuation of corporate enterprises.David W. King, Senior Vice President,Mesirow Financial Consulting, LLCJohn H. Cochrane, Professor of Finance,University of Chicago▼C. Recent Research in Regional Economicsat the Federal Reserve BanksRegions face different challenges from thenation. Find out how the Federal Reserve Bankstrack and evaluate the changing conditions.Richard L. Wobbekind, Chair, RegionalUtility Roundtable/Associate Dean,University of ColoradoHoward J. Wall, Assistant VicePresident/Regional EconomicsAdviser/Director, Center for RegionalEconomics, Federal Reserve Bank ofSt. LouisAndrew F. Haughwout, Research Officer,Business Conditions Function, Research andStatistics Group, Federal Reserve Bank ofNew YorkSponsor: NABE Regional Utility RoundtableMonday, September 26, 20057:00-7:45 AMContinental BreakfastSPONSOR: WACHOVIA BANK, N.A.12:00-1:30 PMLUNCHEONThe former director of the Central IntelligenceAgency will discuss the challenges that confrontU.S. businesses and policymakers during thetransition to a “new energy economy.”R. James Woolsey, Former Director,Central Intelligence Agency/Advisory CouncilMember, Energy Future Coalition1:45-3:00 PMCONCURRENT SESSIONS IA. The Changing Industry andGeopolitical Landscapes“Change” is the key element for this session—how is it affecting the industrial environment?Identify the major global changes, includingAsian vitality, European stagnation, andproperty rights.Harry R. Homan, Chair, CorporatePlanning Roundtable/Senior Director,Strategic Development, Fluor Corporation,moderator3:30-4:45 PMCONCURRENT SESSIONS IIA. The Long-term Energy Outlook:Is $60 Oil Here to Stay?Panelists will review the current changingenergy prices and their impact on economicperformance.Kris Kridel, Co-Anchor, WBBM NoonBusiness Hour, moderatorGuy F. Caruso, Administrator, U.S. EnergyInformation AdministrationOther speakers TBA7:45-8:00 AMWelcomeRichard J. Daley, Mayor, City of Chicago▼8:00-8:45 AMOpening SessionMichael Moskow has been president of theFederal Reserve Bank of Chicago for elevenyears, after a distinguished career in the publicand private sectors and in academia. He is acurrent member of the Federal Open MarketCommittee.Michael H. Moskow, President and CEO,Federal Reserve Bank of ChicagoSponsor: Benderly Economics8:45-9:15 AMNABE OutlookThis session features the release of the NABEOutlook, the “closely watched survey ofeconomists,” according to ABCNews.com. Findout about the latest thinking on the economyfrom NABE’s panel of professionalmacroeconomic forecasters. Produced quarterly,the survey is now in its 35th year. We will alsopresent the fifth annual NABE Outlook Award.Stuart G. Hoffman, NABE VicePresident/Chief Economist, PNC FinancialServices Group3

9:30-10:45 AMCONCURRENT SESSIONS IIIA. The Impact of Changing InternationalTrade on Mature U.S. IndustriesThis session will address the question: “Whatdoes the increasingly global economicenvironment mean for regional growth and theautomotive and transportation industries?”Catherine L. Mann, Chair, InternationalRoundtable/Senior Fellow, Institute forInternational Economics, moderator“Impact on U.S. Regional/Industry Growth”Steven G. Cochrane, Managing Director,Economy.com“Impact on the Global Automobile Industry”Michael Robinet, Vice President, GlobalForecast Services, CSM Worldwide“Impact on U.S. Freight Flows—Ports, Rail,Trucking”Patrick Casey, Director, Business Forecastingand Planning, TTX CompanySponsor: International RoundtableB. Consumer-oriented Health Economics:Past, Present, and FutureRobert F. Graboyes, Visiting AssociateProfessor, University of Richmond, moderator"Blue Cross Blue Shield Plans and theConsumer-Directed Marketplace"James F. Rodgers, Senior ResearchExecutive, Blue Cross Blue Shield Association"Hedging Chaotic Private Health InsuranceMarkets and the Uninsured"James A. Hayes, Consultant, New MexicoDebra Gold, Chicago Office Leader, MercerHealth and Benefits, Mercer Human ResourcesConsultingSponsor: Health Economics RoundtableC. Contributed Papers SessionWinners of the sixth annual contributed paperscompetition will present their papers. Watch foran announcement in IdeaLink and onwww.nabe.com.Robert T. Crow, Editor, Business Economics,moderator11:15 -11:45 AMNABE PRESIDENTIAL ADDRESSNABE President Rosemary Marcuss gives the47th annual presidential address.Stuart G. Hoffman, NABE VicePresident/Chief Economist, PNC FinancialServices Group, presidingRosemary D. Marcuss, NABEPresident/Deputy Director, Bureau ofEconomic Analysis11:45AM-1:30 PMLUNCHEONSPONSOR: GLOBAL INSIGHTAdam Smith Award AddressThe NABE 24th annual Adam Smith AddressLecture will be given by Dale W. Jorgenson,Samuel W. Morris University Professor at HarvardUniversity. Jorgenson has conductedgroundbreaking research on informationtechnology and economic growth, energy and theenvironment, tax policy and investment behavior,and comparative economic growth amongnations. His collected papers are available in tenvolumes published by MIT Press. Jorgenson’sforthcoming book, Information Technology andthe American Growth Resurgence, with Mun Hoand Kevin Stiroh, is his most recent effort toquantify the effect of information technology onthe U.S. economy. A subsequent book willpresent the first full integration of U.S. officialstatistics on production, productivity, investment,and financial flows.Jorgenson was awarded the AmericanEconomic Association (AEA) prestigious JohnBates Clark Medal, for which the citation reads inpart: “. . . he is preeminently a master of theterritory between economics and statistics, whereboth have to be applied to the study of concreteproblems.” Jorgenson served as President ofAEA in 2000 and has held many other topuniversity and professional positions.Rosemary D. Marcus, NABEPresident/Deputy Director, Bureau ofEconomic Analysis, presidingDale W. Jorgenson, Samuel W. MorrisUniversity Professor, Harvard University1:30-2:30 PMCEO RoundtableHow does a bank deal with issues in aconsolidating environment and with overseasbranches? How does an organization build abusiness launched by deregulation, but stillinfluenced by regulation, and with hundreds ofplayers? The CEOs will respond to thesequestions and explain how firms respond tocompetitive challenges.Carl R. Tannenbaum, Chief Economist,LaSalle Bank, moderatorNorman R. Bobins, President and CEO,LaSalle Bank CorporationChristopher Lofgren, President and CEO,Schneider National, Inc.Sponsor: LaSalle Bank/ABN AMRO N.A.3:00-4:00 PMEntitlements ReformThe panelists will address the question, “How doyou build or reform a retirement system with agrowing, aging population?”Steve Kerch, Personal FinanceReporter/Real Estate Editor, MarketWatch,moderatorThomas R. Saving, Trustee, Social Securityand Medicare Trust Funds/Professor ofEconomics, Texas A & M UniversityJohn C. Rother, Director of Policy andStrategy, AARP4:15-5:30 PMCONCURRENT SESSIONS IVSessions to be announced4ReceptionsThe receptions provide the perfectopportunity to exchange ideas and discussthe issues of the day.Sunday, September 25, 20055:30-7:00 PMWELCOME RECEPTIONFederal Reserve Bank of ChicagoRenew acquaintances and meet newcontacts at one of Chicago’s landmarkbuildings. In the Chicago Fed VisitorsCenter, you can see what a million dollarslooks like in a rotating cube and try yourskill at detecting actual counterfeits.Monday, September 26, 20056:00-7:30 PMNETWORKING RECEPTIONAfter a long day of professional education,join colleagues and friends in the hotel forhors d’oeuvres and your favorite beverage.Join in a planned musical jam session.Sponsor: Chicago Mercantile Exchange5:30-6:00 PMNABE BUSINESS MEETINGMeet the new NABE board of directors andofficers of the NABE Roundtables. Learn whatwe’ve accomplished over the past year. Helpplan for the future and shape your professionalassociation.Tuesday, September 27, 20057:15-8:45 AMBREAKFASTSPONSOR: FEDEX CORPORATIONThe chair of President Bush’s Council ofEconomic Advisers will brief us on his views of

economic policy and where the U.S. economy isheaded.Ben S. Bernanke, Chair, Council ofEconomic Advisers9:00-10:15 AMCONCURRENT SESSIONS VA. Labor Force ProgramPanelists will look at alternative ways to findand hire workers, including job postings throughthe Internet, now that there are few helpwantedads. They will address finding and usingtemporary help and explain the employmentnumbers we don’t get through the BLS.Steve Liesman, Senior Economic Reporter,CNBC, moderatorDavid Rosa, Senior Vice President, GlobalBrand Manager, Monster Worldwide, Inc.Tracy Shilobrit, Director, Corporate andGlobal Communications, Manpower, Inc.B. International Raw Materials PricesThe session will cover global raw materialsissues including the European perspective andChina’s influence as an elephant. This sessionwill be particularly helpful to those advisingpurchasing managers or wanting to gain adeeper understanding of issues driving rawmaterials prices.Charles L. Evans, Senior Vice President& Director of Research, Federal ReserveBank of ChicagoHeinz-Jurgen Buchner, Vice President, IKBDeutsche Industriebank AGRon Krupitzer, Senior Director, AmericanIron and Steel AssociationSponsor: Manufacturing RoundtableC. NBER Session“Financing Retirement: Key Issues”In this traditional annual meeting session,panelists from the National Bureau of EconomicResearch will review the recent research inpensions, 401Ks, and defined benefit vs. definedcontribution programs.Andrew A. Samwick, Professor ofEconomics, Dartmouth College/former ChiefEconomist, Council of Economic AdvisersDavid A. Wise, Professor of PoliticalEconomy, Harvard UniversitySponsor: National Bureau of EconomicResearch10:45 AM-12:00 PMCONCURRENT SESSIONS VIA. Youth Human Capital and EconomicGrowthFuture growth and competitiveness dependdirectly on current human capital development.This session will examine the most recentfindings.Robert H. Dugger, Managing Director,Tudor Investment Corporation, moderatorJames J. Heckman, Professor ofEconomics, University of Chicago,Nobel Laureate in EconomicsArthur Rolnick, Senior Vice President& Director of Research, FederalReserve Bank of MinneapolisRoss Thompson, Professor of Psychology,University of California at DavisSponsor: PNC Financial Services GroupB. Evolution of Financial MarketsThe panelists will focus on the changing natureof financial markets, including how we financebusiness activity and the role of the U.S. SEC.Randall S. Kroszner, Professor ofEconomics, Graduate School of Business,University of ChicagoPaul S. Atkins, Commissioner, U.S.Securities and Exchange CommissionC. Perspectives on the European FinancialMarketsEurope is off to a weak start in 2005. Speakerswill discuss whether the Euro area can get offthe two-percent growth path.Hubert Fromlet, Chief Economist,Swedbank, moderator“Euroland: Slow Growth As Far Asthe Eye Can See”Joachim Scheide, Professor, Kiel Instituteof World Economics/Head, Business Cycleand Forecasting Department“Asset Prices and Monetary Policy inEurope”John Calverly, Chief Economist andStrategist, American Express, LondonSponsor: Swedbank and NabeEurope12:15-1:45 PMSPONSOR: FACTSETLUNCHEONSpeaker TBA1:45-2:45 PMThe Chairman of the Federal Reserve Systemand a former NABE President will provide hisviews on the economy.Alan Greenspan, Chairman, FederalReserve SystemLive address via satellite3:00 –4:30 PMVisit to Chicago Mercantile ExchangeSee page 6 for details.Sponsor: Technology Roundtable▼InvitedExhibitorsOur exhibitors are brimming with freshideas and innovative solutions. Meet withrepresentatives from the leadingcompanies that provide resources forprofessionals who use economics in theworkplace. (List below as of July 1, 2005.)Economic Intelligence Unit212-554-0600Lynne ClementLynne.clement@eiu.comwww.eiu.comEconomy.com610-235-5000Heather Elyhely@economy.comwww.economy.comGlobal Insight800-933-3374Daria E. Greeleyinfo@globalinsight.comwww.globalinsight.comHaver Analytics212-986-9300Maurine Havermaurine@haver.comwww.haver.comMacroeconomic Advisers314-721-4747Debbie Casoncason@macroadvisers.comwww.macroadvisers.comQuantum4D (Presidio Labs, Inc.)415-962-8321Michael Warnermichael@quantum4d.comwww.quantum4d.comSociety for Human ResourceManagement (SHRM)703-548-3440Lisa Dienershrm@shrm.orgwww.shrm.orgU.S. Bureau of the Census301-763-2547Robert Marskermarske@census.govwww.census.govU.S. Bureau of Economic Analysis202-606-9687Robert Wehausenrobert.wehausen@bea.govwww.bea.govU.S. Bureau of Labor Statistics202-691-7890Vanessa Newtonnewton.vanessa@bls.govwww.bls.gov5

Meeting OverviewPREMEETING EVENTSaturday, September 24, 200511:00-5:00 PM BN/SF TourMEETING SESSIONSSunday, September 25, 200510:30-11:45 AM Concurrent Skills Sessions12:00-1:30 PM Luncheon1:30-2:00 PM Networking Break1:45-3:00 PM Concurrent Sessions I3:00-3:30 PM Networking Break3:30-4:45 PM Concurrent Sessions II5:30-7:00 PM Reception at Chicago FedMonday, September 26, 20057:00-7:45 AM NABE Continental Breakfast7:00-7:45 AM Roundtable Breakfasts7:45-9:15 AM General Session9:30-10:45 AM Concurrent Sessions III10:45-11:15 AM Networking Break11:15-11:45 PM General Session11:45-1:30 PM Luncheon1:30-2:30 PM General Session2:30-3:00 PM Networking Break3:00-4:00 PM General Session4:15-5:30 PM Concurrent Sessions IV5:30-6:00 PM NABE Business Meeting6:00-7:30 PM Reception7:30-9:30 PM Small Dinner EventsTuesday, September 27, 20057:15-8:45 AM Breakfast9:00-10:15 AM Concurrent Sessions V10:15-10:45 AM Networking Break10:45-12:00 PM Concurrent Sessions VI12:15-1:45 PM Luncheon1:45-2:45 PM General Session3:00-4:30 PM CME VisitNetworking Events in the Exhibit AreaAll networking breaks take place in our exhibit area. Visiting ourexhibitors will give you access to resources, fresh ideas and innovativesolutions, and cutting-edge products and services to get ahead of thecurve.Sunday, September 25, 20053:00-3:30 PMNETWORKING BREAKSponsored by NABEMonday, September 26, 20057:00-8:00 AMCONTINENTAL BREAKFASTEnjoy a light breakfast before the sessions begin.Sponsored by Wachovia Bank, N.A.10:45-11:15 AMNETWORKING BREAKSponsored by Haver Analytics and Macroeconomic Advisers, LLC2:30-3:00 PMNETWORKING BREAKSponsored by National Federation of Independent BusinessTuesday, September 27, 200510:15-10:45 AMNETWORKING BREAKCo-sponsored by Economy.com and Free Market Inc.Monday Evening Small Dinner EventsSign up to attend a no-host Monday night dinner event with eight ornine of your colleagues. We’ll contact you about the topic or themesto be discussed at each dinner, and you can make a selection. TheChicago Association for Business Economics will select the restaurants.6RoundtableEventsSaturday, September 24, 200511:00 AM-5:00 PMIntermodal Facility TourVisit the Burlington Northern/Santa Fe Railwayfacility at Logistics Park in Chicago. Limited to25 participants. International Roundtablemembers register by July 31; tour open to otherannual meeting attendees after that date. Buswill depart from the hotel at 11:00 AM. Boxlunch provided. Return to hotel at 5:00 PM. Seeregistration form to sign up or put your name ona wait list.Sponsor: International RoundtableMonday, September 25, 20057:00-8:00 AMManufacturing Roundtable Breakfast(MRT members only)Tuesday, September 27, 20053:00-4:30 PMVisit to Chicago Mercantile ExchangeFor more than 100 years, futures and optionstrading occurred on the floors of the ChicagoMercantile Exchange. Today, electronic tradinghas taken hold, as currently over 70 percentof trades at CME take place via a computersomewhere around the world. NABEconference participants can visit CME onTuesday, September 27 at 3 p.m. to learn howtechnology has transformed CME into thelargest diversified financial exchange in theworld. Space is limited, so please reply as soonas possible.Limited to 25 participants. TechnologyRoundtable members register by July 31; touropen to other annual meeting attendees afterthat date.Sponsor: Technology Roundtable

SponsorshipsFactSetFedEx CorporationGlobal InsightFederal Reserve Bank of ChicagoBenderly Economics Inc.Chicago Mercantile ExchangeLaSalle Bank/ABN AMRO N.A.PNC Financial Services GroupWachovia Bank, N.A.National Federation of Independent BusinessHaver AnalyticsEconomy.comFree Market Inc.Macroeconomic Advisers LLCMotorolaSwedbankExhibitorsEconomic Intelligence UnitEconomy.comGlobal InsightHaver AnalyticsMacroeconomic Advisers LLCQuantum4D (Presido Labs, Inc.)Society for Human Resource Management (SHRM)U.S. Bureau of the CensusU.S. Bureau of Economic AnalysisU.S. Bureau of Labor StatisticsAdvertisersAction EconomicsAspen PublishersM.E. SharpeU.S. Bureau of Economic Analysis(As of July 1, 2005)1233 20th Street, NWSuite 505Washington, DC 20036202-463-6223 • 202-463-6239 FAXwww.nabe.comFirst ClassU.S. PostagePAIDRockville, MDPermit #5832