четверг, 15 марта 2012 г.

Entertainment in Brief

BACK IN BOSTON

TV STATION RELENTS ON NEW LENO SHOW

Boston's NBC affiliate has decided to air Jay Leno's new show after all. WHDH owner Ed Ansin issued a brief statement Monday saying that "upon further consideration," the station had decided to telecast Leno's talk show beginning in September. The show will air weeknights at 9 (10 in Boston). WHDH had said it would run a local newscast in that time slot instead, prompting a threat from NBC to strip the station of its network affiliation. Ansin said he enjoys Leno's humor and hopes the show is a big success. Leno is a native of Andover, Mass. NBC TV Network President John Eck said in a statement Monday the network was "very …

First Federal Bank Makes it Simple

Walk into First Federal Bank on the corner of Cook and Coldwater Roads and you will notice that it doesn't look like a traditional bank.

"A lot of our customers like the fact that we don't have a traditional teller line," says Branch Manager Kendra Lemper. "We have individual cubicles that allow for more privacy while you're banking."

That's one of the many unique features that distinguishes Fort Wayne's only branch of the Defiance, Ohio-based bank from other banks in town. First Federal Bank, which was founded during the Roaring 20s and managed to survive the much-less-roaring 30s and 40s, is a community-focused bank with 33 branches in Ohio, Michigan and Indiana. The …

Mexican judge recommends alleged Tijuana cartel leader not be extradited

A Mexican judge on Thursday recommended that a reputed leader of a Tijuana-based drug cartel not be extradited to the United States, after his defense argued he should not be tried twice on the same charges.

The judge made the recommendation to Mexico's Foreign Relations Department, which has overseen an increasing number of extraditions in recent years.

While the opinion in the case of accused drug lord Benjamin Arellano Felix is not binding, the government is required to take such rulings into account. The department did not comment.

Arellano Felix was arrested in 2002 and has already been sentenced to 22 years in prison in Mexico on …

среда, 14 марта 2012 г.

[ TECH BRIEFS ]

PC shipment pickup seen

Worldwide personal-computer shipments will rise more than expectedthis year, gaining 12.7 percent as laptop demand surges, according toresearcher Gartner Inc. PC unit shipments will rise to 206.6 millionin 2005, with revenue totaling $202.7 billion, Gartner said Monday.In May, Stamford, Conn.-based Gartner predicted 10.2 percent PCshipment growth. Lower prices and enhanced wireless Internet hookupsare driving demand for notebook computers, bolstering PC shipments,Gartner said. Dell Inc., the world's biggest PC maker, said thismonth that shipments of laptops increased 47 percent in its latestquarter. Worldwide laptop unit shipments are forecast to …

Madeleine Courtney Ptacin, Community Leader

Visitation for Madeleine Courtney Ptacin, a Northbrook communityleader, will be from 2 to 4 p.m. and 6 to 9 p.m. today at DonnellanFuneral Home, 10045 Skokie Blvd., Skokie. Mass will be offered at 10a.m. Wednesday in Our Lady of the Brook Catholic Church, 3700 W.Dundee Rd., Northbrook. Burial will be in All Saints Cemetery, 700N. River Rd., Des Plaines.

Mrs. Ptacin, of Northbrook, died Thursday in Bay Area MedicalCenter, Marinette, Wis.

For the last several years, she helped raise scholarship fundsfor students through the Northbrook Service Club. She was thesecretary for the organization. She also was an active member of theMisericordia …

Philippine police rescue 1,600 geckos in warehouse

MANILA, Philippines (AP) — An official says police have rescued more than 1,600 geckos in a southern Philippine warehouse they suspect would have been smuggled to Asian countries.

The Philippines has expressed alarm over the growing trade in the wall-climbing lizards. They are used as aphrodisiacs or traditional medicine for asthma, AIDS, cancer, tuberculosis and impotence in countries …

Michelle Obama donates ball gown to US museum

Michelle Obama said Tuesday that she'll always cherish the moment she slipped into her inaugural ball gown, a one-shouldered, white chiffon design she wore for her first Cinderella-like spins on the dance floor as U.S. first lady.

She will have to hold on to the memories, because the gown is not exactly hers anymore.

In keeping with tradition, Mrs. Obama donated the Jason Wu design to the Smithsonian Institution's National Museum of American History on Tuesday. It will go on public display in a new gallery for the museum's first ladies exhibit, featuring president's wives from Mamie Eisenhower to the present.

Dotted with beads and covered in …

FAA holds hearing on Peotone airport

More than 100 people from dozens of communities and agenciesturned out this morning for the first federally sponsored publichearing in a decade on the proposed construction of a third airport.

Officials with the Illinois Department of Transportation, the leadagency pushing for a new airport near far south suburban Peotone,portrayed the event at Governors State University as an importantstep toward getting the airfield built.

For two years, their plan languished because the Federal AviationAdministration refused to review the state TransportationDepartment's environmental assessment of the project. Many regardedit as political foot-dragging, because Mayor Daley, who …

Duchess Kate in Valentine's Day visit to Liverpool

LONDON (AP) — The former Kate Middleton is spending her first Valentine's Day as a married woman nearly 8,000 miles (13,000 kilometers) away from her husband.

The Duchess of Cambridge is carrying out a solo visit to the English port city of Liverpool to visit a charity devoted to helping recovering addicts. Her husband Prince William is currently deployed as a helicopter …

Starbucks to raise prices in certain US regions

NEW YORK (AP) — Starbucks said Tuesday it is raising some prices regionally as it faces rising ingredient costs.

The Seattle coffee chain is raising prices about 1 percent in the Northeast and the Southern U.S. regions. Starbucks wouldn't disclose all of the states its raising prices, but the regions include New York; Washington, D.C.; and most Southern states. They exclude California and Florida.

The price for a "tall" coffee will go up 10 cents in the regions, and the chain will raise prices on about six other beverages. But beverages that are "grande," the next size up, won't change.

Starbucks spokesman Jim Olson says the …

NOWCAST: ON THE WEB

TRACKING SOIL MOISTURE IN SOUTHERN AFRICA

The monitoring of soil moisture in Africa has been deficient due to the high cost of in situ measurement networks and the limitations of point-based measurements to provide a complete overview of large areas suitable for modeling. Now the European Space Agency (ESA) has made available online soil-moisture maps for the southern African subcontinent. The maps, created using data from ESA's Envisat satellite, are the first of their kind to have a spatial resolution of 1 kilometer with a temporal resolution of less than 1 week. The maps should help forecast periods of both limited moisture, which can destroy crops, and excessive moisture, which …

Olympic champion Kim hires Oppegard as new coach

ARTESIA, Calif. (AP) — Olympic champion Kim Yu-na on Tuesday hired former pairs figure skater Peter Oppegard as her new coach, two months after splitting with Brian Orser.

Kim announced that she'll train with Oppegard at East West Ice Palace in suburban Los Angeles, which is owned and operated by the family of former skating star Michelle Kwan. Oppegard is married to Kwan's sister, Karen.

"I feel like it's new motivation for me to move forward," Kim said through a translator.

Asked to say something in English, Kim appeared startled, then smiled and said, "I'm so glad to be training here in Los Angeles with my new coach and new skaters."

About 30 cameras from print …

Scurrilous: Chicago's No. 1 Couch Potato

FINGER POINTING

Basinger: Who, me?

Kim Basinger insists she didn't leak the tape of her ex AlecBaldwin ranting at their daughter Ireland ("rude, thoughtless littlepig," etc.). Let's see, then. Kim's lawyer? Not without her OK. Thejudge who suspended Alec's visitation rights? Nah. Alec himself?Duh! No! So that leaves -- Ireland herself!

ROLE MODEL BEHAVIOR

But are they designer gloves?

Naomi Campbell told somebody she still has the rubber gloves sheused performing that court-ordered community service for the NewYork Sanitation Department. "When I think I'm losing my temper, Ilook at them and it subsides," she said.

QUOTE OF THE DAY

Guess he didn't vote for Sanjaya either

Perry Farrell of Jane's Addiction tells Spin mag he knows what hedoesn't like: "If you hear garbage music on your radio station, youhave only yourself to blame. If you don't support the arts, that'swhat you're going to get. You're going to get 'American Idol.' It'sfine if you want to hear that, but I don't."

YOUR CHEATING HEART

Brinkley's soon-to-be ex settles with teen

Remember Peter Cook? Rich 47-year-old dumped by his wife,Christie Brinkley, for canoodling with his teenage office assistant?He has reached an out-of-court settlement with the now 20-year-old,who could otherwise have sued his cheatin' backside for something orother. The divorce is ticking along in court.

вторник, 13 марта 2012 г.

Interest gains in PACs

Corporate political action committees have widened their base of support and gained influence since Congress reformed campaign finance law in 2002.

When the law took effect, many corporate lawyers reviewed the structure of management-led political action committees to make sure they complied with the law. Lawyers discovered that PACs, which are committees formed to raise and spend money to elect and defeat candidates, could draw from a much larger base of contributors than they believed, said Bernadette Budde, senior vice president of BIPAC, a business PAC in Washington, D.C.

A more collegial approach to management in the 1990s had increased the number of employees in management positions. Public fascination with the stock market also qualified more employees as shareholders, she said.

Federal law prohibits companies from forming PACs, but managers and shareholders can create them. Corporations may pay administrative and fundraising costs.

Public interest groups such as Common Cause criticize PACs as insurance plans for incumbents.

Leaders of BIPAC try to convince companies to see them as a vital way to protect their business interests.

Not enough executives realize they should have a PAC or at least support one, said Gene Barr, vice president of political and regulatory affairs for the Pennsylvania Chamber of Business and Industry. He said he has trouble persuading members to donate money to Chamber PAC.

"You have to demonstrate the need for it," Barr said. Chamber PAC, which raises between $110,000 and $115,000 a year, monitors voting records and posts them on its Web site, pavotesforjobs.com.

Most of the contributions came in $300 or $500 increments from PACs and individual donors. Pennsylvania is among a minority of states that does not limit campaign contributions to state and local races.

The payments often represent the cost for company officers to attend fund-raising events and gain some quick face-time with a key legislator, said James Redmond, senior vice president of legislative services for the Hospital and Healthsystem Association of Pennsylvania, or HAPAC.

"One of the biggest misnomers about PACs is that we're somehow buying votes," he said. "None of the PACs have that much clout. it buys us access."

When the era of campaign finance began, PACs were the targets, Nelson said. Restrictions on PACs led to unrestricted contributions from issue-advocacy groups, such as the Sierra Club. Lawmakers banned soft money in 2002, again thrusting PACs to center stage, Nelson said.

Soft money refers to donations from so-called issue groups that do not go directly to a candidate. National political parties no longer are allowed to raise soft money or spend it on federal races. State political parties cannot raise soft money, but they can spend it.

An important trend is the additional funding power business PACs have generated since the rules changed, said Budde, who chooses which candidates BIPAC will endorse. BIPAC was one of the first business PACs when it started in 1963. Budde has helped run it since the beginning.

The notion of who is eligible to give has changed as corporate America broke down corporate hierarchies, Budde said. Middle-level managers may get paid less, but they are still management and are eligible to contribute to PACs.

Although the number of PACs stayed relatively steady since 1993, Budde insists the numbers belie a greater participation by business interests. Budde said mergers and acquisitions have swallowed names from earlier roles. In 1992, the U.S. Federal Election Committee listed 4,195 federally registered PACs. In 2004, it listed 4,040.

Corporate PAC contributions have increased, from $78.9 million in 1990 to $174.3 million in September 2004.

PACs serve an important role in the political process, Budde said.

Redmond has found that an update on contributions from competing PACs helps get members' checkbooks out. Tort reform has been a priority for the hospital association, so Redmond makes sure members know that the Pennsylvania Trial Lawyers Association PAC also contributes to campaigns. The lawyers' association has opposed tort reform.

State legislative races typically have lower contribution levels compared to the millions of dollars donated to federal races. The Hospital and Healthsystem Association has two PACs, one that contributes to state races and one to federal races. Combined, the PACs have about $270,000, but the majority is reserved for state races, Redmond said. The money comes in small amounts - about 3,000 hospital executives contribute on average less than $ 100 every year.

The more important the legislator, the harder it is to schedule meeting time, and the more important it is to donate, Redmond said. Republican Sen. Jeff Piccola, the majority whip, is expected to trounce Democratic challenger Eric Epstein in the general election, according to political observers. Donations keep rolling into Piccola's campaign. He has received more than $73,500 from PACs so far this year.

As majority whip, Piccola is third in command in the Senate, which negotiates major legislation and decides what bills go to the floor for votes. Political analysts expect Piccola to run for governor in 2006.

Members of key legislative committees come second, Redmond said. For example, the hospital PAC contributes to members of committees that handle health ' judicial matters, insurance and professional licensure.

Legislators who champion certain issues come third, Redmond said. HAPAC considers Democratic Rep. Ron Buxton, who represents parts of Dauphin County, a champion because he pushed hard for the Trauma Stability Act, which provided more money for trauma centers. The act passed in March.

Fourth place along the food chain belongs to "up-and-comers," Redmond said. They are freshman legislators who not only champion certain issues but get their colleagues to back them, too. Candidates in open seats come last. They do not have established voting records, and PACs tend to wait until there is a clear leader in a race before contributing, officials from local PACs said.

Barr remembers a call earlier in the year from a Republican candidate who asked Chamber PAC for donations to win a legislative seat in Philadelphia. The candidate supported the chamber's positions, but Barr knew a Republican had not won in that district in decades. He turned down the candidate, whom he would not name.

"Electability is part of the criteria," Barr said. "I mean, you don't want to throw your money away."

Although practical, the strategy has added to the number of advantages incumbents have over challengers, said Barry Kauffman, executive director of Common Cause Pennsylvania in Harrisburg. Incumbents amass a lot of money before the primary, and challengers shy away, he said. In the Nov. 2 general election, 101 of the 203 state House seats are contested. In the Senate, five out of 25 are contested.

In Central Pennsylvania, all five state Senate seats are contested, but the challengers have little or no financial support from PACs. Nor do most of the challengers in the House races. Eight out of 24 state House seats are uncontested. Seven additional races do not have a major-party challenger and are not viewed as competitive, said G. Terry Madonna, director of the Center for Politics and Political Affairs at Franklin & Marshall College in Lancaster.

Barr said it is a downside in campaign finance, but it can't be helped.

"Is there strength and power in incumbency? Absolutely," he said.

Politicians in uncontested races get less money, but PACs typically give a token amount, said Candace Nelson, academic director for the Campaign Finance Institute at American University in Washington, D.C. "They don't take anything for granted," she said.

The giving doesn't stop when the polls close. PACs give between elections to build personal relationships, said Peter Bauer, general counsel for the Pennsylvania Automotive Association. He oversees the association's PAC. Candidates use PACs as sounding boards when they are working on legislation.

It is hard to trace a quid pro quo PAC contribution that is timed before a particular vote, said Nelson, who monitors campaign finance at the national level. Typically, candidates are rewarded for their voting records. PACs will withhold donations from candidates who vote against their issues.

Still, PACs want a return on investment.

"Whether they tell you this or not, they expect something in return," said Jon Delano, a political analyst at the H. John Heinz School of Public Policy & Management at Carnegie Mellon University. "Its either a reward for help in the past, tried-and-true votes or government assistance of some sort."

PACs do not expect legislators to vote their way all the time. A legislator might have to compromise to get another bill passed, Bauer said. A PAC has to look at a candidate's whole record sometimes.

"You try to understand," Bauer said. "You try to see what other influences are out there."

In the past year, the automotive PAC, composed of car dealers, successfully lobbied against fee caps for emissions testing.

Although no big issues are on the horizon, it pays to show up at a legislator's golf outing and make a few donations to maintain relationships, Bauer said.

Despite its reputation as the pro-business party, Republican candidates do not have a lock on contributions from business, Nelson said. On the federal level, PACs contribute to the party in power, which was the Democratic party in Congress in the late 1980s and early 1990s.

When the Republicans took control of the U.S. House of Representatives, business PACs slowly began to move their financial support from Democrats to Republicans. Generally, PACs avoid giving to candidates of both parties.

The four legislative leadership PACs are the exception, said Redmond of HAPAC. HAPAC gives to both parties' leadership caucuses in the state House and Senate.

SOA Adopters, at Conference, Discuss Model's Benefits and Drawbacks; Early users say control, trust are key concerns--a peek at what Avis and Comcast are doing.

Promising faster development and reusable code, the service-oriented architecture (SOA) model is sparking interest at many Fortune 500 companies that are looking for more efficient ways of offering new services to their customers. But the companies adopting the SOA approach, while enjoying the technology's benefits, are struggling with a loss of control over the creation of new applications and trust over the use of software created by others.

"The user wants to be in control," said Paul Patrick, chief architect at BEA Systems Inc., a leading vendor of software for service-oriented architecture, one of the hottest buzz-phrases in technology circles in recent years. Patrick made his comments at the San Jose, Calif.-based company's annual customer conference in San Francisco earlier this month. "They want to be able to create their own applications and put together their view of the world."

Another goal of SOA is to enable IT to be more nimble and quicker to react to business users' requests for new systems or changes to existing ones. "We want an IT infrastructure that can easily react to business changes, rather than having IT be a constraint to the business," said Ashok Kumar, director of services architecture at Avis Budget Group Inc., who attended BEA's conference. "We want to be able to build an application once and use it many times. That's the promise of SOA."

Using BEA's Web Logic Application Server, Avis Budget Group has built a framework to share various pieces of functionality across applications. At the conference, Kumar offered as an example a business unit request for the IT group to build a system capable of transmitting an electronic receipt to a customer's Internet-enabled device immediately upon return of a vehicle.

"Now hurried travelers can drop off vehicles and walk away," Kumar said. "Without SOA it would have taken a fair bit of time and effort to create this application, which gave us a very good competitive advantage. People like being able to see the receipt coming up immediately on their Blackberry."

That ability to reduce applications to their basic components, so that parts of them can be reused or dropped by various parts of the company as needed, is attractive to both IT professionals and business managers. "Where SOA is handy is when you are trying to slice and dice the functionality into atomic pieces of business functions," said Sumitro Sarkar, vice president of technology strategy at Thomson Financial in New York.

"We have grown through acquisitions, and the main challenge when you are acquiring a company is to integrate their products with your existing products, and there is always some overlap," Sarkar said. In other words, SOA can help break down the applications supporting various products into pieces that can be saved or discarded as duplicative.

Clearly, though, there are some high hurdles SOA poses for IT groups. First, IT needs to establish a balance between letting business groups use SOA to add new functionality more quickly on their own, and losing control over the company's applications and IT processes.

"It will not be easy for IT to relinquish control, but this is something the IT organization will have to embrace," cautioned Richard J. Merlino, a business process specialist in line maintenance services at jet engine manufacturer Pratt " Whitney in East Hartford, Connecticut. Merlino suggested that CIOs, rather than curb the use of SOA in their company, instead take a strong approach to IT governance.

The idea, he said, is to allow business users a certain level of freedom to develop or change applications, while ensuring that once such changes or applications are ready for production, they adhere to IT's standards. "Let people have the freedom in the development environment, but as they move up to production, that's where a strong framework for governance comes into play," he added.

An engineer rather than an IT professional, Merlino believes the adherence of an organization to the use of SOA-based services can only add a level of built-in control for IT management. "(SOA) services can help," he said, "because they ensure that applications will be built according to a specific IT methodology."

One company that has in place a change-control process that anyone must follow to make any modification to any architecture behind a system is Comcast. "Today if you want to make a change, modify, or reuse an existing service, that change request gets evaluated by a group of peers," said Thomas Adler, senior manager of application architecture and IT governance at Comcast, the cable giant. The company used SOA to create two applications, a Digital Voice Center that allows consumers to customize their voice service and settings, and a billing application that consolidates billing from multiple vendors the company used. Big Issue in SOA: Trust

Big Issue in SOA: Trust

Yet another obstacle to greater SOA acceptance and use is trust. For many CIOs and IT managers, the notion of blindly adopting software created by other business groups and technology users is hard to swallow. "The reuse of code requires trust," said Sheppard Narkier, vice president and head of portfolio management in the corporate and investment banking technology group at Wachovia Corp., Charlotte, N.C.

"You need a marketplace mentality where knowledge is the trusted currency, and that is going to require a paradigm shift in thinking," Narkier added. "You're going to be using software that as a manager, you didn't build and you didn't buy."

While many companies are trying out the technology with a SOA project or two, some admit they have yet to show positive results for their efforts. "We're past the pilot stage, but it's still too early to show results," said Terren Peterson, senior director of enterprise platforms at Capital One's operations unit in Richmond, Va.

Some Tips For SOA Success

Don't wait until everything is perfect to start a SOA project, just get started. "The number of people who wanted it to be perfect is the No. 1 challenge you face with a SOA project," said Dan Tolley, engineering director in information systems and global services at Lockheed Martin Corp.

Build a prototype first. Show some success before trying to transform the entire business with a new IT architecture.

Don't be afraid to make mistakes. "Failure is an option and a way to learn," Tolley advised.

Use the work of others. Lockheed Martin leveraged the definitions of service types and domains already available in a document called the Federal Enterprise Architecture Framework for its SOA project.

Make sure you know who the authority or owner of the data is. "Understanding your data owner is the one fundamental that will make this whole process easier and faster," Tolley said.

Related articles in Baseline: SOA: Improving Ties to Business Partners

Comments to: douglas.bartholomew@ziffdavis.com

Debtor beware // Examine credit reports periodically for accuracy

Do you have an uneasy feeling that Big Brother has his eye onyou? That's not paranoia.

More than 2,000 credit bureaus across the country make a livingby reporting on people's financial virtues and vices. Stored intheir computers is information about you that can be exchanged amonglenders at the push of a button.

Remember the dispute you had over car repair work three yearsago? The garage finally agreed you didn't need to pay it. But nowthat you're applying for a mortgage you discover you've beendowngraded by the credit bureau for stiffing the garage for a $257bill. The bank says it's a blotch on your credit rating. Banksdon't like to back losers.

Few would quarrel with lenders' claim that afinancial-background check is a price that consumers must pay for theconvenience of credit.

But critics contend that many reports include a dismayingquantity of inaccurate or outdated information. There's also a riskof being refused credit where skimpy reports understate creditexperience.

For these reasons and more, consumer advocates say people shouldexamine their reports for accuracy once in a while - especially acouple of months before applying for a major loan.

As far as lenders are concerned, your credit report is the bestnonfiction reading outside the New York Times best-seller list.Let's say this: It's not the end and all. But on the point-scoringsystem that banks use, credit reports carry high value (other points:stability, occupation, income, age).

So it's a good idea to sneak a peek at your own report, and findout what your creditors are saying about your bill-paying habits.

There's nothing complicated about it. Under the Fair CreditReporting Act of 1977, credit bureaus must inform consumers about the"nature and substance" of data in their reports. For a fee(generally $5 to $15) you'll receive a copy of your computer printout- warts and all - so that you can know what your creditors know.

You may be surprised at what's listed there - and what isn't: Department stores report after each billing cycle. An entrytypically includes the amount owed, credit limit and promptness ofpayment. Mortgages usually don't appear. If a consumer is going to skippaying a bill, it's not going to be his mortgage. He'd rather go badon something else. Banks that have lent you money report. But checking-account bouncedchecks don't show up on your report. Generally not reported are most oil company credit cards, utilitiesand charge accounts at small stores. Legal judgments, tax liens and bankruptcy filings are sure to be inyour file. Divorces may find their way there, as may criminalconvictions, though they're not supposed to. Visa and MasterCard report in, but until recently American Express,Diners Club and Carte Blanche have not, on the premise that theyrepresent a private membership that shouldn't be exposed to publicscrutiny.

Some of this is due for a change, though. Big Brother will soonbe getting more help.

An explosion of newly launched credit cards (Sears Discover andVisa Premier, for example) undoubtedly will cause credit bureau filesto become fatter. Expanded uses for oil company credit cards willfind them feeding into the system, too.

And now American Express Co., traditionally aloof, has quietlybegun reporting data, with plans to start providing full files tocredit firms later this year.

Even the government is joining in. Lenders servicing its FannieMae mortgage loans have been asked to report any 90-day delinquenciesand foreclosures to the big credit bureaus. The Army, Navy and AirForce also are giving the credit industry data on deadbeats.

Recently the United States began reporting data ongovernment-backed credit such as student and small business loans, amove that makes some people nervous. And delinquent dads who don'tkeep up child-support payments are under fire by state agencies.

All these sins will remain on your record for seven years,except bankruptcy, which lingers for 10 years.

A consumer's awareness of his credit profile usually starts withsomeone denying credit, because everyone who uses a credit report isobliged to tell the consumer it was used.

Then the reporting bureau must furnish (if requested within 30days of being turned down) a copy of the credit record, free ofcharge. Those it can't corroborate within a reasonable time must beexpunged. Generally, entries more than seven years old (exceptbankruptcies) also must be removed at your request.

When a bureau affirms, rather than removes, a questionable item,a person can present a 100-word explanation that must be placed inthe file. And whenever an adverse item is deleted or an explanatorystatement added, a consumer may request the credit bureau to informevery credit grantor who received a report within the last sixmonths.

Most credit reports are based on information stored in thecomputerized data bases of TRW Information Services, Trans UnionCredit Information Co. and three other lesser industry giants.

They say the vast majority of information is accurate. TRW saysonly 2 percent of reports issued result in some kind of consumerinquiry, and one-third of those result in a revision of the file.

What is not made clear, of course, is whether that figure mightnot suddenly rise if consumers made it a point to investigate theirown credit files.

Consumers may be excused if they harbor another concern - thesecurity and integrity of the system. Isn't information that can bepicked up by thousands of subscribers also vulnerable tocomputer-wise Peeping Toms?

Credit reporting companies assert that only "legitimate" creditgrantors can get access and only after they promise that theinformation will be used in connection with credit transactions (ifthat can truly be policed).

As for outright theft of file information, they assert there islittle crime advantage to getting at the data base. Still, in a 1982case, a Southern California detective agency filched some 4,000credit reports from computers before being caught and fined. Thegumshoes specialized in tracking down people and their attachableassets for debt collectors.

Federal law imposes stiff penalties on anyone convicted ofobtaining credit bureau data under false pretenses, but it'sdifficult to trace free-lance offenders who've cadged a subscriber'ssecurity password. In 1984 TRW officials confirmed that an accountpassword had been filched from a subscriber and posted on so-calledelectronic boards that can be hooked into by any computer enthusiast.The potential damage was immense.

Credit bureaus do not keep information of a subjective nature -your morals, marital life and drinking habits - that are gleaned frominterviews with neighbors or landlords.

However, now under intense attack are "investigative reports"for insurance companies and potential employers that go far beyondbasic data about finances. A vindictive neighbor, for example, cando a lot of damage, depending on how much reliance is placed on theinformation he or she supplies.

Not surprisingly, since few things bedevil consumers more than apoor credit rating (especially when unfounded), a new breed ofentrepreneur has arrived on the scene to help the luckless debtor -for a price.

In recent years more than 1,000 "credit clinics" have sprung upacross the country, charging up to $2,000 to help consumers disputeand remove erroneous data from credit files.

Unfortunately, in their exuberance to get clients, the so-calledclinics sometimes imply they can correct files when information iserroneous or alter them when it is not. The mounting criticism overcredit clinics has led to legislation in some states to regulatetheir advertising and business practices.

Television viewers also may have noticed another attempt topersuade them to check out their credit file. Peter Graves, thebrainy operative in many a "Mission Impossible" drama, appears onscreen for TRW and asks, "Do you know what's in your credit report?Call now, and take control of your credit."

His pitch implores you to subscribe to TRW's "Credentials"program, which for $35 gives you "unlimited access to your credit" -that is, the ability to get your credit report as often as you want.You also would be notified, the commercials say, whenever someonelooks at your report, and you are automatically assured of anelectronic loanapplication form that can be sent out with the press of a button.

Whether these services are worthwhile is up for question, sinceyou can get a copy of your report any time for a few dollars, andthat report shows who's been sent a copy. Nevertheless, more than300,000 consumers have signed up.

And thus, the poor consumer, already weary of monitoringeverything that happens to him, is now charged with theresponsibility of policing his own credit.

On another point, there is a real irony in the reliance oncredit bureau reports as gospel, because it favors applicants wholive on credit, discriminating against those with little debt or nodebt.

Is there no longer room for the philosophy of Longfellow'svillage blacksmith, who proudly proclaimed as he stood under thespreading chestnut tree, "And I owe not any man"?

S. Korea Won't Back Bush on Inspections

HANOI, Vietnam - President Bush, trying to stiffen global resolve to confront North Korea, failed to win South Korea's support Saturday for a tough inspection program to intercept ships suspected of carrying supplies for Pyongyang's nuclear and missile weapons.

Bush sought to persuade South Korean President Roh Moo-hyun to fully implement U.N. sanctions imposed on North Korea for testing nuclear weapons. He also sought South Korea's support in the Proliferation Security Initiative, a voluntary international program that calls for stopping ships suspected of trafficking in weapons of mass destruction.

Roh said his country "is not taking part in the full scope" of the security initiative" but that it would "support the principles and goals of the PSI.

Coming to a toy store near you

Just in time for the holidays, toy manufacturer Mattel has produced the perfect gift for those youngsters destined to become engineers. The new Solar Eagle III Hot Wheels action pack features a miniature version of the winning entry in the 1997 Sunrayce intercollegiate solar car competition. Engineering students from Califomia State University, Los Angeles designed and built the real Solar Eagle Ill, which averaged about 43 miles per hour during the 10-day, 1,230-mile race from Indianapolis, Indiana, to Colorado Springs, Colorado.

Each Solar Eagle lll Hot Wheels action pack also includes a miniature version of the vehicle's transport trailer and miniature figures of Cal State L.A. President James Rosser waving the checkered flag at the finish line, team faculty advisor Richard Roberto, and student team leader Roman Vasquez.

The action pack retails for about $5; the car is also available alone for about $1.

Big spenders pay $100K to play Vegas football pool

LAS VEGAS (AP) — A new season-long football pool at a Las Vegas casino is taking America's favorite gambling sport to new heights, with a $100,000 buy-in and a $490,000 top prize.

The NFL handicapping pool run by the M Resort cost $10,000 more to enter than the average sale price of a Las Vegas condominium in August.

Seven entrants — including some top prognosticators and a couple deep-pocketed amateurs — must pick the winners of five NFL games each week against the spread, with a point system tallying wins, ties and losses.

It's similar to other contests across the nation, but this pricey pigskin pool is now the most exclusive competition around.

"This is the biggest, baddest, strongest, fastest football contest in the world," said Steve Fezzik, a professional sports gambler who's competing. He won more than $400,000 by winning the Las Vegas Hilton's annual handicapping contest two years in a row.

That contest attracts hundreds of entrants each year with a $1,500 buy-in, making Fezzik's wins the past two seasons about as improbable as winning a major poker tournament twice in a row.

In the M Resort contest, second place brings $140,000, and third place gets $70,000.

The stakes might make most people cringe, but big-time gamblers have put up much more betting on all aspects of games.

The late Vegas casino developer Bob Stupak, for example, once bet $1 million on the Super Bowl and won, taking the Cincinnati Bengals in 1989.

Mike Colbert, race and sports director for Cantor Gaming, which runs the M Resort's sports book, said risk is what the high stakes pigskin pool was designed for.

"I don't think it's a contest for the average guy," Colbert said. "You're not dealing with anyone in this contest with less than a seven-figure bankroll."

Later in the season, Fezzik said he'll likely make moves based on his standings and what he thinks his opponents will do. To pick games, he spends a couple nights each week poring over any information he can get and comparing opinions with other gamblers he trusts.

After four weeks, Fezzik is in the middle of the pack at 11-9, among three entrants two games behind two opponents who share the lead, Colbert said.

Despite professionals hawking picks they say are 70 percent winners, Fezzik said it's incredibly hard to pick better than 57 percent against the spread over an entire year.

"People are asking me, 'You know, what's the best advice with these contests,'" he said. "And I would say play really well and just get obscenely lucky."

What if CIOs hadto sign off on data?; How a government demand for current, accurate data could affect information chiefs.

Over the last couple of months, the Department of Justice and Google have been wrangling over access to the Internet service's Web search records. The Justice Department, which is out to protect minors from online pornography, wants the search records to gauge the effectiveness of content filters. Google, on the other hand, is fighting to protect its intellectual property and its customers' privacy.

On the surface, it's a fascinating case. But beyond the fight over who's right - the people trying to thwart pornographers or the company trying to protect customer privacy - there are deeper questions involved. For instance, when should companies hand over customer records to the feds? And what, if any, responsibility do companies have to make sure their records are current and accurate?

How those questions are eventually answered will affect the way chief information officers do their jobs.

This, of course, isn't the first time customer files have been requested. The feds have asked for passenger information from the airlines to fight hijackings, e-mails from companies to prosecute dirty executives, and Web histories from Internet service providers to investigate hackers. The government, according to MSNBC, even asked the Professional Association of Diving Instructors for student records as part of its counterterrorism program.

In the Google case, the government also wanted search records from AOL, Microsoft and Yahoo, which, to certain degrees, gave up their records. Google, however, has been putting up a fight.

So, the question arises: When should companies surrender their records? For most, says Accenture CIO Frank B. Modruson, the policy is simple: You hand over data, he says, "when the lawyers tell you to."

But with lawyers telling AOL and Google different things, how does this make customers feel? Shouldn't companies have some sort of public policy, if for no other reason than to boost customer confidence? Modruson, for one, thinks so. He says companies should start working on some best practices to guide them through these issues.

Which brings us to another interesting question: When a company does turn over a record to the government, what guarantees can it offer that its information is current or even accurate?

Consider Gartner said not too long ago that about 25% of the critical data - such as inventory reports, product codes and employee records - in Fortune 1,000 databases is inaccurate or incomplete.

So, to make sure the government is getting good data, Paul Strassmann, a former tech executive at the Defense Department, NASA and Xerox, and a Baseline contributor, believes companies and their CIOs will soon be required to sign off that any data they release is accurate and current.

Others agree.

"CIO certification? Yeah, the government is headed that way," says John Stevenson, Sharp Electronics' former CIO and a board member of the Society for Information Management, the national CIO organization.

But what does this mean for CIOs?

Just think about the work companies had to do for Sarbanes-Oxley, Stevenson says.

Now, think about all the records kept in corporate data repositories, from supplier invoices, to trade secrets, to customer bills.

Some say there's no way to guarantee that every data bit in an electronic file is accurate, but then the government is probably going to be selective.

So, information chiefs will need to be educated on the laws and regulations that affect both their industries and the specific information they keep, according to Larry Downes, associate dean of the University of California at Berkeley's School of Information Management and Systems. CIOs will also have to decide what to do with the information buried in legacy systems, he says. Do they go back and audit those files? And if so, how do they dig back through all that code? And don't forget about the information stored in vendor systems.

It won't be easy.

JOHN_MCCORMICK@ziffdavis.com