Select a state and local government bond on Moody’s watch list or with a recent rating change and do an analysis of it with information obtained from the Bureau of Economic Analysis Web site: www.bea.gov. At the site, go to

“Regional” data. You may want to look at employment data by going to www.economagic.com. At the site, click “Browse by Region” or click “Bureau of Labor Statistics and States.” You may also find information on a state’s financing by going to the census site: www.census.gov/govs/estimate/index.html and www.census.gov/govs/www/financegen.html.