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 Collection: Congressional Research Service Reports
Algeria: Current Issues
This report examines the current state of Algeria, including the country's associations with terrorism, despite steady decreases of domestic terrorism; the lessening in power of the Algerian military; and growing oil revenues. digital.library.unt.edu/ark:/67531/metacrs9133/
A Summary of Prevailing Views on the Sources of Inflation
It is the purpose of this paper to present the range of viewpoints concerning the causes of inflation. Inflation is defined and distinguished from changes' in relative prices. The Monetarist, Post-Keynesian, and neo-Keynesian positions are discussed to illustrate the variety of perceptions as to the sources of sustained increases in the general price level. digital.library.unt.edu/ark:/67531/metacrs9032/
Current Economic Conditions and Selected Forecasts
This report begins with a comprehensive presentation of current economic conditions focusing on income growth, unemployment, and inflation. The posture of monetary and fiscal policy is surveyed as are the forecasts of economic activity. It concludes with data on the factors important for economic growth. digital.library.unt.edu/ark:/67531/metacrs8985/
High Interest Rates: Causes, Consequences, and Issues
This paper reviews the causes of the steep interest rate escalation since 1978 and the persistence of high rates during the recent recession and revival. digital.library.unt.edu/ark:/67531/metacrs8873/
The Consumer Price Index: An Overview
The consumer price index is probably the most widely used measure of inflation. Changes i n the index affect the incomes of a substantial portion of the U.S. population. This report provides background information on the history and concepts of the index. In addition, several factors which may produce biases in the index are analyzed. The objective is to provide an introduction to the CPI f o r the policy maker who wishes to acquire a working knowledge of the concept as an aid in examining economic policy alternatives. digital.library.unt.edu/ark:/67531/metacrs8856/
El Salvador: Political, Economic, and Social Conditions and Relations with the United States
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El Salvador: Political, Economic, and Social Conditions and Relations with the United States
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El Salvador: Political, Economic, and Social Conditions and Relations with the United States
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U.S. International Trade: Data and Forecasts
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Broadband Internet Regulation and Access: Background and Issues
This is one part in the series of reports that provide a background and analysis, and most recent developments regarding broadband or high-speed Internet access. The report starts out by answering questions; what is broadband and why is it important? This report also discusses broadband technologies, the status of broadband deployment and the related policy issues, as well as the legislation in congress. digital.library.unt.edu/ark:/67531/metacrs8929/
Large and Continuing Deficits: Their Influence on Macroeconomic Performance
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Examining the Monetary Causes of the Economic Slowdown
This issue brief investigates the effects of changes in money supply growth on the current economic conditions. The results presented are based upon a statistical methodology outlined in a CRS report (No.82-43E, March 1982) of the same title. The approach may be distinguished from most previous work along these lines in that it attempts to estimate the statistical significance of the 1979-82 deceleration in monetary growth. The resulting estimates are then employed in analyzing the timing implications of decelerating monetary growth for episodes of high and volatile interest rates, for lower inflation, and for unstable economic growth. digital.library.unt.edu/ark:/67531/metacrs8800/
Bovine Spongiform Encephalopathy (BSE, or "Mad Cow Disease") in North America: A Chronology of Selected Events
This report provides a chronology of selected events leading up to and following the discoveries of bovine spongiform encephalopathy (BSE, or “mad cow disease”) in North America. These are primarily regulatory, legal, and congressional developments that are frequently referenced in the ongoing policy debate. The chronology does not contain entries for the introduction of the many BSE-related bills introduced into this or previous Congresses, except for those in recent years where committee or floor action has occurred. This report, which will be updated if significant developments ensue, is intended to be used alongside other CRS reports that provide more background and context for the BSE policy debate, and that cover many specific legislative proposals. digital.library.unt.edu/ark:/67531/metacrs8733/
Bovine Spongiform Encephalopathy (BSE, or "Mad Cow Disease"): Current and Proposed Safeguards
This report presents an overview of bovine spongiform encephalopathy (BSE, or “mad cow disease”) in the United States. Shortly after the first case of BSE was announced, U.S. Department of Agriculture (USDA) and other officials announced measures to improve existing safeguards against the introduction and spread of BSE. This report discusses trade restrictions, the live-stock “feed ban”, as well as the BSE surveillance and testing in cattle. digital.library.unt.edu/ark:/67531/metacrs8731/
Broadband Internet Access: Background and Issues
From a public policy perspective, the goals are to ensure that broadband deployment is timely, that industry competes fairly, and that service is provided to all sectors and geographical locations of American society. The federal government -- through Congress and the Federal Communications Commission (FCC) -- is seeking to ensure fair competition among the players so that broadband will be available and affordable in a timely manner to all Americans who want it. While the FCC's position is not to intervene at this time, some assert that legislation is necessary to ensure fair competition and timely broadband deployment. One proposal would ease certain legal restrictions and requirements, imposed by the Telecommunications Act of 1996, on incumbent telephone companies who provide high speed data (broadband) access. Another proposal would compel cable companies to provide "open access" to competing Internet service providers. digital.library.unt.edu/ark:/67531/metacrs8722/
Broadband Internet Regulation and Access: Background and Issues
This is one part in the series of reports that provide a background and analysis, and most recent developments regarding broadband or high-speed Internet access. The report starts out by answering questions; what is broadband and why is it important? This report also discusses broadband technologies, the status of broadband deployment and the related policy issues, as well as the legislation in congress. digital.library.unt.edu/ark:/67531/metacrs8747/
Broadband Internet Access: Background and Issues
From a public policy perspective, the goals are to ensure that broadband deployment is timely, that industry competes fairly, and that service is provided to all sectors and geographical locations of American society. The federal government -- through Congress and the Federal Communications Commission (FCC) -- is seeking to ensure fair competition among the players so that broadband will be available and affordable in a timely manner to all Americans who want it. While the FCC's position is not to intervene at this time, some assert that legislation is necessary to ensure fair competition and timely broadband deployment. One proposal would ease certain legal restrictions and requirements, imposed by the Telecommunications Act of 1996, on incumbent telephone companies who provide high speed data (broadband) access. Another proposal would compel cable companies to provide "open access" to competing Internet service providers. digital.library.unt.edu/ark:/67531/metacrs8725/
Monetary Policy: Recent Changes and Current Conditions
This report summarizes the current status of monetary conditions and policy. The report also describes the process though which Congress oversees monetary policy, the recent changes in the financial system which affect monetary policy, and the October 1979 changes in Federal Reserve operating procedures. digital.library.unt.edu/ark:/67531/metacrs8599/
The North Korean Economy: Background and Policy Analysis
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The Sensitivity of Small Businesses to Interest Rates: A Cross-Sectional View
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Merger Tactics and Public Policy
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Federal Reserve Membership and Monetary Control
This report discusses the current state of monetary policy. Questions about the continued capability of the Federal Reserve System (FRS) to exercise effective monetary control were raised in connection with several developments over recent years that diminished, in relative terms, the deposit component of the stock of money over which the FRS maintained reserve requirement controls. The Monetary Control Act, Title 1 of P.L. 96-221 was designed to ensure that the FRS as ability to conduct monetary policy is not diminished. This Act, signed into law on Mar. 31, 1980, is one of the few major amendments to the original Federal Reserve Act of 1913. digital.library.unt.edu/ark:/67531/metacrs8495/
Plan Colombia: A Progress Report
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China's Economic Conditions
China’s economy continues to be a concern to U.S. policymakers. On the one hand, China’s economic growth presents huge opportunities for U.S. exporters. On the other hand, the surge in Chinese exports to the United States has put competitive pressures on many U.S. industries. Many U.S. policymakers have argued that greater efforts should be made to pressure China to fully implement its WTO commitments and to change various economic policies deemed harmful to U.S. economic interests, such as its currency peg and its use of subsidies to support its SOEs. In addition, recent bids by Chinese state-owned firms to purchase various U.S. firms have raised concerns among Members over the impact such acquisitions could have on U.S. national and economic security. digital.library.unt.edu/ark:/67531/metacrs8569/
Exchange Rates: The Dollar in International Markets
Mainstream economic theory suggests that U.S. budget deficit was the main cause of the dollar appreciation between 1980 and early 1985. The high budget deficit forced the U.S. Government to compete against the private sector for available savings, raising interest rates in the United States. In response, net capital inflows to the United States increased, the demand for dollars on the foreign exchange market went up, and the dollar appreciated. Restrictive budgets and loose monetary policies abroad, both of which kept interest rates low abroad, also contributed to the dollar’s appreciation on over this period. digital.library.unt.edu/ark:/67531/metacrs8427/
Cuba: An Economic Primer
This report provides an overview of the Cuban economy. Recent congressional interest in Cuba has centered on the partial lifting of trade sanctions on agricultural products and medicine. The 107th Congress may consider further easing of sanctions or other alterations to the trade embargo in effect since 1962. The paper first presents a brief historical overview of the Cuban economy. This history is characterized by dependence on major powers: first Spain, then the United States, and then the Soviet Union. The report then charts the different, and often conflicting, economic policy courses that Fidel Castro has pursued since his rise to power in 1959. digital.library.unt.edu/ark:/67531/metacrs8429/
Higher Education Tax Credits: An Economic Analysis
This report provides analysis of the education tax credit program in the context of issues facing Congress in regard to higher education. This report begins with a review of the economic rationale for subsidizing education, then describes federal subsidies for education in general and the education tax credits in particular. An analysis of the education credits follows and the report concludes with a discussion of education tax credit policy options. digital.library.unt.edu/ark:/67531/metacrs8354/
China's Economic Conditions
China’s economy continues to be a concern to U.S. policymakers. On the one hand, China’s economic growth presents huge opportunities for U.S. exporters. On the other hand, the surge in Chinese exports to the United States has put competitive pressures on many U.S. industries. Many U.S. policymakers have argued that greater efforts should be made to pressure China to fully implement its WTO commitments and to change various economic policies deemed harmful to U.S. economic interests, such as its currency peg and its use of subsidies to support its SOEs. In addition, recent bids by Chinese state-owned firms to purchase various U.S. firms have raised concerns among Members over the impact such acquisitions could have on U.S. national and economic security. digital.library.unt.edu/ark:/67531/metacrs8343/
California's San Joaquin Valley: A Region in Transition
This report analyzes the San Joaquin Valley (SJV) counties and statistically documents the basis of current socioeconomic conditions. The report further explores the extent to which the SJV shares similarities with and differs from the Appalachian Regional Commission (ARC) area and a 68- county Central Appalachian subregion which contains some of the most economically distressed counties in Appalachia. The report also examines the role of federal expenditures in the cities and counties of the SJV. In addition to examining socioeconomic conditions in the SJV, the report provides analysis of water supply and quality issues especially those concerning agriculture, air quality concerns, and rail and shipping issues. digital.library.unt.edu/ark:/67531/metacrs8225/
Broadband Internet Regulation and Access: Background and Issues
This is one part in the series of reports that provide a background and analysis, and most recent developments regarding broadband or high-speed Internet access. The report starts out by answering questions; what is broadband and why is it important? This report also discusses broadband technologies, the status of broadband deployment and the related policy issues, as well as the legislation in congress. digital.library.unt.edu/ark:/67531/metacrs8296/
Legal Analysis and Background on the EPA's Proposed Rules for Regulating Mercury Emissions from Electric Utilities
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Japan's Economic and Security Changes
This report provides a snapshot of U.S.-Japan relations, current economic and security challenges facing Japan, and policies being adopted or considered to deal with them. digital.library.unt.edu/ark:/67531/metacrs8183/
Clean Air and New Source Review: Defining Routine Maintenance
The Environmental Protection Agency (EPA) final rule on clarifying the definition of routine maintenance under its New Source Review (NSR) process exempts industrial facilities from undergoing NSR if they are replacing safety, reliability, and efficiency rated components with new, functionally equivalent equipment and if the cost of the replacement components is under 20 percent of the replacement value of the process unit. digital.library.unt.edu/ark:/67531/metacrs8199/
FDA Regulation of Tobacco Products: A Policy and Legal Analysis
This report examines the legislative debate over giving FDA the authority to regulate tobacco products and provides some analysis of S. 2461/H.R. 4433. It begins with an overview of the FDA’s 1996 tobacco rule that includes a summary of the agency’s arguments for asserting jurisdiction over tobacco products. That is followed by an analysis of the U.S. Supreme Court decision in FDA v. Brown & Williamson, which overturned the FDA tobacco rule. The report then reviews the 1997 proposed national tobacco settlement, which would have codified the FDA rule and given the agency explicit authority to regulate tobacco products as medical devices. It includes a discussion of the FDA provisions in the McCain tobacco bill, which was introduced and debated in the 105th Congress in an attempt to implement the proposed settlement. The final section of the report summarizes the provisions in S. 2461/H.R. 4433 and discusses some of the key issues, including preemption and the regulation of reduced-risk products. digital.library.unt.edu/ark:/67531/metacrs8198/
The Rise of China and Its Effect on Taiwan, Japan, and South Korea: U.S. Policy Choices
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Plan Colombia: A Progress Report
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High Interest Rates: Causes and Effects
This report describes the major market and policy forces that determine the general level of interest rates. The discussion is related to the recent economic experience of high interest rates and inflation, but may be generally applied to any economic environment. digital.library.unt.edu/ark:/67531/metacrs8149/
Development of National Urban Growth and Rural Development Policy: Legislative and Executive Actions in 1970 and 1971
The 1970 Acts require the executive branch to submit the reports on the further development of urban growth policy, the location of Federal facilities, acceleration of the availability of government services and financial assistance (among other subjects) in support of rural community development. This report should assist in the evaluation of these submissions received from the President and executive departments and agencies. The report's basic purpose is to place individual legislative actions in the larger context of interrelated national urban and rural development objectives set forth by the Congress. The basic content of this report consists of three major components. The first summarizes 1970 legislative developments at both the State and Federal levels of government concerning contributions being made toward the development of a balanced national growth policy for the United States. The second component describes the actions taken by Congressional committees and the Congress in the first session of the 92nd Congress (1971). The final component is a detailed annotated summary of the published literature of urban and rural development made available in 1971. digital.library.unt.edu/ark:/67531/metacrs8138/
Regulation of Broadcast Indecency: Background and Legal Analysis
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Mad Cow Disease: Agricultural Issues for Congress
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The Economic Effects of Raising National Saving
Raising the share of income we save is a frequent aim of public policy. That may be particularly apparent in debates about the size of the federal budget deficit, but concerns about the low household saving rate have also prompted policymakers to consider ways to encourage individuals to save more. How much individuals save will directly affect their future economic well-being, but from a macroeconomic perspective, the source of saving — be it households, business, or government — makes no difference. This report presents standard economic analysis of the macroeconomic effects of raising saving. digital.library.unt.edu/ark:/67531/metacrs7912/
Topics in Aging: Income and Poverty Among Older Americans in 2004
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China's Economic Conditions
China’s economy remained relatively healthy in 2002, despite economic slowdowns in other parts of the world. Foreign investment continued to pour into China, and the Chinese government effectively used public spending to boost the economy. However, painful economic reforms will be necessary to keep the economic strong in 2003 and beyond. The recent outbreak in early 2003 of a very contagious virus called SevereAcuteRespiratory Syndrome (SARS) in China appears to have had a short-term negative impact on the Chinese economy. digital.library.unt.edu/ark:/67531/metacrs7833/
Bovine Spongiform Encephalopathy (Mad Cow Disease): Agricultural Issues for Congress
This report presents the background and analysis of BSE (bovine spongiform encephalopathy, including the definition. It also discusses the BSE economic and trade implications as well as selected issues for Congress. digital.library.unt.edu/ark:/67531/metacrs7867/
Mad Cow Disease: Agricultural Issues for Congress
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Mad Cow Disease: Agricultural Issues for Congress
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9/11 Terrorism: Global Economic Costs
The 9/11 attacks were part of Al Qaeda’s strategy to disrupt Western economies and impose both direct and secondary costs on the United States and other nations. The immediate costs were the physical damage, loss of lives and earnings, slower world economic growth, and capital losses on stock markets. Indirect costs include higher insurance and shipping fees, diversion of time and resources away from enhancing productivity to protecting and insuring property, public loss of confidence, and reduced demand for travel and tourism. In a broader sense, the 9/11 attacks led to the invasions and occupations of Afghanistan and Iraq (and the Global War on Terrorism) and perhaps emboldened terrorists to attack in Bali, Spain, Morocco, and Saudi Arabia. A policy question for Congress is how to evaluate the costs and benefits of further spending to counter terrorism and its economic impact. digital.library.unt.edu/ark:/67531/metacrs7725/
Hydropower Licenses and Alternative Licensing Conditions in H.R. 6, 109th Congress
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Credit Union Regulatory Improvements Act of 2005 (CURIA)
On May 12, 2005, regulatory modernization legislation for credit unions was introduced as H.R. 2317. The three titles of the Credit Union Regulatory Improvements Act (CURIA) would provide regulatory changes requested by credit union industry advocates. These changes would provide supervisory flexibility to the National Credit Union Administration (NCUA), the federal regulator for the credit union industry, enhance the ability of credit unions to provide loans to their members, and ease credit union regulatory burdens. digital.library.unt.edu/ark:/67531/metacrs7754/
Limiting Fannie Mae's and Freddie Mac's Portfolio Size
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