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The Financial Crisis: Impact on and Response by the European Union

Description: According to the most recent National Threat Assessment, the global financial crisis and its geopolitical implications pose the primary near-term security concern of the United States. Over the short run, both the EU and the United States are attempting to resolve the financial crisis while stimulating domestic demand to stem the economic downturn. These efforts have born little progress so far as the economic recession and the financial crisis have become reinforcing events, causing EU governm… more
Date: June 24, 2009
Creator: Jackson, James K.
Partner: UNT Libraries Government Documents Department
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Canada's Financial System: An Overview

Description: This report discusses the relative stability of Canada's financial system in comparison to the financial systems of other nations around the globe that are suffering from the current financial crisis. This report presents an overview of Canada's financial system and its supervisory framework and draws some distinctions between that system and the current U.S. framework.
Date: June 26, 2009
Creator: Jackson, James K.
Partner: UNT Libraries Government Documents Department
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Financing the U.S. Trade Deficit: Role of Foreign Governments

Description: The nation's trade deficit is equal to the imbalance between national investment and national saving. The financial turmoil and economic contraction during 2008 reduced the gap between national saving and investment. The result was a decline in the trade deficit and the net inflow of capital. If total net capital inflows decline, mainstream economics suggests, all else held constant, that the dollar and trade deficit would decline, U.S. interest rates would rise, and U.S. spending on capital go… more
Date: June 29, 2009
Creator: Labonte, Marc
Partner: UNT Libraries Government Documents Department
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Russia's Economic Performance and Policies and Their Implications for the United States

Description: As has been the case with most of the world's economies, the Russian economy has been hit hard by the current global financial crisis. Even before the financial crisis, however, Russia was showing signs of economic problems. Russian economic policies and performance raise important policy questions for the United States and the U.S.-Russian relationship which this report addresses. Might Russia's robust economic growth return? Is an economically strong Russia a threat or benefit to the United S… more
Date: June 29, 2009
Creator: Cooper, William H.
Partner: UNT Libraries Government Documents Department
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The Size and Role of Government: Economic Issues

Description: The appropriate size and role of the government is one of the most fundamental and enduring debates in American politics. What role does the state play in economic activity? How is the economy affected by government intervention? Many of the arguments surrounding the proper size of government are economic in nature, and they will be discussed in this report.
Date: July 1, 2009
Creator: Labonte, Marc
Partner: UNT Libraries Government Documents Department
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The Global Financial Crisis: Analysis and Policy Implications

Description: The world has entered a global recession that is causing widespread business contraction, increases in unemployment, and shrinking government revenues. The process for coping with the crisis by countries across the globe has been manifest in four basic phases. The first has been intervention to contain the contagion and restore confidence in the system. The second has been coping with the secondary effects of the crisis, particularly the global recession and flight of capital from countries in … more
Date: July 2, 2009
Creator: Nanto, Dick K.
Partner: UNT Libraries Government Documents Department
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The Global Financial Crisis: Analysis and Policy Implications

Description: The world has entered a global recession that is causing widespread business contraction, increases in unemployment, and shrinking government revenues. The crisis has exposed fundamental weaknesses in financial systems worldwide, demonstrated how interconnected and interdependent economies are today, and has posed vexing policy dilemmas. This report describes the financial crisis in detail, including various countries' methods of coping with and adapting to the situation; the role of Congress i… more
Date: July 10, 2009
Creator: Nanto, Dick K.
Partner: UNT Libraries Government Documents Department
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Panama: Political and Economic Conditions and U.S. Relations

Description: This report discusses the current political and economic conditions in the country of Panama, which has made notable political and economic progress since the 1989 U.S. military intervention that ousted the regime of General Manuel Noriega from power. The United States has close relations with Panama, stemming in large part from the extensive linkages developed when the canal was under U.S. control. This report describes the U.S.-Panama relationship at length, including trade relations.
Date: July 15, 2009
Creator: Sullivan, Mark P.
Partner: UNT Libraries Government Documents Department
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Financial Regulatory Reform: Analysis of the Consumer Financial Protection Agency (CFPA) as Proposed by the Obama Administration and H.R. 3126

Description: This report provides a brief summary of the President's Consumer Financial Protection Agency Act of 2009 (the CPFA Act or the Act) and delineates some of the substantive differences between it and H.R. 3126, as introduced. It then analyzes some of the policy implications of the proposal, focusing on the separation of safety and soundness regulation from consumer protection, financial innovation, and the scope of regulation. The report then raises some questions regarding state law preemption, s… more
Date: July 17, 2009
Creator: Carpenter, David H. & Jickling, Mark
Partner: UNT Libraries Government Documents Department
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The OECD Initiative on Tax Havens

Description: This report examines the Organization for Economic Cooperation and Development (OECD) and its role in changes to U.S. laws related to bribery, tax havens.
Date: July 24, 2009
Creator: Jackson, James K.
Partner: UNT Libraries Government Documents Department
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Economic Downturns and Crime

Description: This report examines the relationships between selected variables of economic strength and crime. It begins with an overview of crime rates during times of economic recession in the United States. It then reviews the existing literature in the field analyzing various data sets that examine whether the unemployment rate and foreclosures can be related to increases in the national crime rate.
Date: July 28, 2009
Creator: Finklea, Kristin M.
Partner: UNT Libraries Government Documents Department
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China's Holdings of U.S. Securities: Implications for the U.S. Economy

Description: This report examines the importance to the U.S. economy of China's investment in U.S. securities, as well as U.S. concerns over the possibility that China might unload a large share of those holdings, the likelihood that this would occur, and the potential implications such action could have for the U.S. economy. The report concludes that a large sell-off of Chinese Treasury securities holdings could negatively affect the U.S. economy, at least in the short-run.
Date: July 30, 2009
Creator: Morrison, Wayne M. & Labonte, Marc
Partner: UNT Libraries Government Documents Department
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Accelerated Vehicle Retirement for Fuel Economy: "Cash for Clunkers"

Description: This report outlines the key provisions of the Consumer Assistance to Recycle and Save (CARS) program, discusses the initial impact of the program and some of the concerns raised by Senators. It also summarizes similar programs in other countries.
Date: August 10, 2009
Creator: Yacobucci, Brent D. & Canis, Bill
Partner: UNT Libraries Government Documents Department
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North Korea: Economic Leverage and Policy Analysis

Description: This report discusses the current political and economic state of North Korea, especially in regards to cooperative international efforts to dismantle North Korea's nuclear program and its trading relationships with China and Russia, especially.
Date: August 14, 2009
Creator: Nanto, Dick K. & Chanlett-Avery, Emma
Partner: UNT Libraries Government Documents Department
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China and the Global Financial Crisis: Implications for the United States

Description: This report discusses the economy of China and how it is has been affected by the recent economic downturn. It explores this issue in brief, including what actions the Chinese government is taking to combat the problem, as well as what actions China may take to assist in stabilizing the U.S. economy.
Date: August 17, 2009
Creator: Morrison, Wayne M.
Partner: UNT Libraries Government Documents Department
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The Global Economic Crisis: Impact on Sub-Saharan Africa and Global Policy Responses

Description: This report analyzes Africa's vulnerability to the global crisis and potential implications for economic growth, poverty alleviation, fiscal balances, and political stability. The report describes channels through which the crisis is affecting Africa, and provides information on international efforts to address the impact, including U.S. policies and those of multilateral institutions in which the United States plays a major role.
Date: August 25, 2009
Creator: Arieff, Alexis; Weiss, Martin A. & Jones, Vivian C.
Partner: UNT Libraries Government Documents Department
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The Global Economic Downturn and Protectionism

Description: This report develops three scenarios to approximate different dimensions of the relationship between the global economic downturn and protectionism. The scenarios are not predictions, but descriptions of how and why pressures for protection could be manifested and transmitted under different circumstances and assumptions.
Date: August 26, 2009
Creator: Ahearn, Raymond J.
Partner: UNT Libraries Government Documents Department
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Financial Regulatory Reform: Analysis of the Consumer Financial Protection Agency (CFPA) as Proposed by the Obama Administration and H.R. 3126

Description: This report provides a brief summary of the President's Consumer Financial Protection Agency Act of 2009 and delineates some of the substantive differences between it and H.R. 3126, as introduced. It then analyzes some of the policy implications of the proposal, focusing on the separation of safety and soundness regulation from consumer protection, financial innovation, and the scope of regulation.
Date: September 9, 2009
Creator: Carpenter, David H. & Jickling, Mark
Partner: UNT Libraries Government Documents Department
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Authoritative Resources on the American Recovery and Reinvestment Act of 2009 (ARRA)

Description: This report presents a list of authoritative resources designed to assist in responding to a broad range of questions and concerns about the American Recovery and Reinvestment Act (ARRA), P.L. 111-5. Links to the full text of the act, Congressional Budget Office (CBO) estimates, White House fact sheets, and federal, state, and municipal government websites are included, along with other useful information.
Date: September 10, 2009
Creator: Klarman, Kim Walker & Jennings, Julie
Partner: UNT Libraries Government Documents Department
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Turkmenistan: Recent Developments and U.S. Interests

Description: This report examines the political, economic, and foreign policies undertaken by Turkmenistan's President Gurbanguly Berdimuhamedow, who came to power in late 2006. The report discusses U.S. policy and assistance and provides basic facts and biographical information. It may be updated. Related products include CRS Report RL33458, Central Asia: Regional Developments and Implications for U.S. Interests.
Date: September 10, 2009
Creator: Nichol, Jim
Partner: UNT Libraries Government Documents Department
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China-U.S. Trade Issues

Description: This report provides an overview of U.S.-China economic relations, surveys major trade disputes, and lists bills introduced in the 111th Congress that would impact bilateral commercial ties.
Date: September 17, 2009
Creator: Morrison, Wayne M.
Partner: UNT Libraries Government Documents Department
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Income and Poverty Among Older Americans in 2008

Description: This report describes the sources and amounts of income received by the 37.8 million Americans aged 65 and older who lived in non-institutional settings in 2008. The report also describes how the proportion of total income received from each source differs between high-income individuals and households and low-income individuals and households.
Date: October 2, 2009
Creator: Purcell, Patrick
Partner: UNT Libraries Government Documents Department
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