The ongoing oil spill crisis in the Gulf of Mexico and the Times Square bomb square, both of which have rightly received significant attention, have also been somewhat overshadowing the Nashville floods, which have been dubbed a rare 500-year event and resulted in deaths and property damage of $1 billion or more.Despite investing significant resources to identify flood risk and shape floodplain and coastal development, flood costs have risen over the past recent decade. The unprecedented losses in 2005 from Hurricanes Katrina and Rita and the 2008 Midwest flood and Hurricanes Ike and Gustav have focused national attention on hurricane risk and the impact of storm surge on property, inland flooding on rivers, and the financial viability of the NFIP.
The big news over the past several days has been the oil spill in the Gulf of Mexico, which poses significant health risks for humans and wildlife alike.Considering that U.S. oil consumption and oil imports have steadily increased, the trend of declining spill incidents and volume in past years is noteworthy. Yet, recent annual data indicate that the overall decline of annual spill events may have stopped. Although Energy Information Administration projections indicate that oil imports are expected to decline in coming years, the United States is projected to continue importing a substantial percentage of the oil it consumes. The threat of oil spills raises the question of whether U.S. officials have the necessary resources at hand to respond to a major spill. There is some concern that the favorable U.S. spill record has resulted in a loss of experienced personnel, capable of responding quickly and effectively to a major oil spill.The U.S. Coast Guard, the Environmental Protection Agency, and other agencies share responsibility for cleanup and prevention; the Coast Guard also administers a federal Oil Spill Liability Trust Fund. Some background on the current status of this report is available via this Government Accountability Office report. Fenwick Library Government Documents also possesses several resources on oil spills, such as this report from the National Oceanic and Atmospheric Administration on spill response strategies. Additional information related to oil spills can be found through the National Response Center website.
The 1950s were a turbulent time in American race relations. One important event was the 1957 integration of Central High School in Little Rock, Arkansas. Karen Russ and Sarah Ziegenbein, two librarians at the University of Arkansas, provide the background in their wonderful bibliography (PDF) of documents related to the event:In May 1955, the Little Rock School Board and Superintendent Virgil Blossom drew up a multi-year plan for integration. When students attempted to register in January of 1956 and were turned away, a lawsuit was filed. It would become known as Aaron v. Cooper, and end up in the United States Supreme Court before the issue was settled. While the case wound its way through the legal system, nine students were chosen to integrate Little Rock Central High. They were selected through discussions with African American teachers and principals across the city. The first round of integration was to take place with the start of the 1957-58 school year.
School was to start on September 2, 1957. The day before, Arkansas Governor Orval Faubus ordered the Arkansas National Guard to surround Little Rock’s Central High, to prevent the African American students from entering. The “Crisis at Central High” had begun.
While the oil and gas sector has been a focus of U.S. sanctions since the 1990s, the Obama Administration appears to be shifting—in U.S. regulations and in discussions with U.S. allies on a possible new U.N. Security Council Resolution—to targeting Iran’s Islamic Revolutionary Guard Corps for sanctions. This shift is intended to weaken the Guard as a proliferation-supporting organization, as well as to expose its role in trying to crush the democratic opposition in Iran. A growing trend in Congress, reflected in several bills that are have passed or are in various stages of consideration, would sanction Iranian officials who are human rights abusers, facilitate the democracy movement’s access to information, and express outright U.S. support for the overthrow of the regime.
Possible future violent events in the active hydrothermal, magmatic, and tectonic system of Yellowstone National Park pose potential hazards to park visitors and infrastructure. Most of the national park and vicinity are sparsely populated, but significant numbers of people as well as park resources could nevertheless be at risk from these hazards. Depending on the nature and magnitude of a particular hazardous event and the particular time and season when it might occur, 70,000 to more than 100,000 persons could be affected; the most violent events could affect a broader region or even continent-wide areas.
The Committee will address WMATA’s efforts to improve safety and service in the wake of a spate of accidents that have occurred within the Metro system over the past year; the short and long-term solutions for addressing the budget shortfall currently confronting WMATA; and the process for selecting a permanent General Manager for WMATA and establishing effective long term leadership.
Several DOD organizations have issued coordinated plans for the execution of the drawdown and created new organizations to oversee, synchronize, and ensure unity of effort during the drawdown. To date, DOD reports that its drawdown efforts have exceeded its goals. For example, in January 2010, DOD reported that it had exceeded its target figure for withdrawing wheeled and tracked combat vehicles in Iraq, among other items, by over 2,600 pieces, yet a large amount of personnel, equipment, and bases remain to be drawn down. However, DOD has not (1) fully included contracted support in its operational planning for the drawdown, (2) allowed sufficient time in its guidance to ensure that all contracted services can be put on contract in a responsible manner, or (3) clearly defined the roles and responsibilities of various contract validation review boards.
Recently, the USPS has experienced significant financial challenges. After running modest profits from FY2004 through FY2006, the USPS lost $5.3 billion in FY2007 and $2.8 billion in FY2008. In May 2009, the USPS warned that it might experience a cash shortage at the end of September 2009. Two months later, the Government Accountability Office added the USPS’s financial condition “to the list of high-risk areas needing attention by the Congress and the executive branch.”
The study's goal was to analyze the current scope and standards of universal service obligations and the postal monopoly under which the U.S. Postal Service (USPS) operates. The study considers how these obligations and monopoly rules might change in the future. The results consist of separate analyses of legal rules and statutes, historical trajectories, international experiences, economic and econometric models, public needs and expectations, and policy options regarding the USPS, universal service obligations, and letter and mailbox monopolies.
Our multifaceted analysis indicates that the Recovery Act has played an essential role in changing the trajectory of the economy. It has raised the level of GDP substantially in its first full year of existence and has saved or created between 2.2 and 2.8 million jobs as of the first quarter of 2010. The tax relief and income support provisions of the ARRA alone account for roughly half of the beneficial employment effects.More here.
The Congressional Oversight Panel today released its April oversight report, "Evaluating Progress of TARP Foreclosure Mitigation Programs." The Panel commended recent changes to the mortgage modification program designed to reach more homeowners, but found that Treasury is still struggling to get its foreclosure programs off the ground even as the crisis continues unabated.The exhaustive report provides an excellent overview of the successes and challenges faced by the national mortgage relief program, which has impacted several thousand mortgage holders and brokers.Since the Panel's last examination of foreclosure mitigation efforts in October 2009, Treasury has taken steps to address concerns that the Home Affordable Modification Program (HAMP) did not adequately address foreclosures caused by unemployment or negative equity, including by establishing a voluntary principal reduction program. Despite these and other efforts, foreclosures continue at a rapid pace. In 2009, 2.8 million homeowners received a foreclosure notice, and nearly one in four homeowners with a mortgage currently has negative equity. While housing prices have begun to stabilize in many regions, home values in several metropolitan areas continue to fall sharply.
Military service in the Persian Gulf War is a cause of post-traumatic stress disorder in some veterans and is also associated with multisymptom illness; gastrointestinal disorders such as irritable bowel syndrome; substance abuse, particularly alcoholism; and psychiatric problems such as anxiety disorder, says a new report from the Institute of Medicine, the latest update in a series of reports on the Gulf War and veterans' health. There is some evidence that service during the conflict is linked to fibromyalgia and chronic widespread pain, amyotrophic lateral sclerosis, sexual difficulties, and death due to causes such as car accidents in the early years after deployment, but the data are limited, said the committee that wrote the report.
The report calls for a substantial commitment to improve identification and treatment of multisymptom illness in Gulf War veterans. The path forward should include continued monitoring of Gulf War veterans and development of better medical care for those with persistent, unexplained symptoms. Researchers should undertake studies comparing genetic variations and other differences in veterans experiencing multisymptom illness and asymptomatic veterans. It is likely that multisymptom illness results from the interactions between environmental exposures and genes, and genetics may predispose some individuals to illness, the committee noted. There are sufficient numbers of veterans to conduct meaningful comparisons given that nearly 700,000 U.S. personnel were deployed to the region and more than 250,000 of them suffer from persistant, unexplained symptoms. A consortium involving the U.S. Department of Veterans Affairs, U.S. Department of Defense, and National Institutes of Health could coordinate this effort and contribute the necessary resources.
This report summarizes existing estimates of the cost of substance abuse and its damaging consequences. These cost estimates are used to evaluate the benefits of prevention in existing cost-benefit analyses and are available for use in new analyses. The estimates reviewed highlight the total annual cost of substance abuse from a number of perspectives including social cost and the direct costs to State government. The social perspective includes everyone's costs and benefits: People who abuse substances, family members, the general public, communities, and all level of government (Federal, State, and local).
The private sector leaders who participated in the Forum shared business best practices—ideas on leveraging technology to streamline Federal operations, improve customer service, and maximize technology return on investment. The discussions focused on how these lessons from these leaders who have driven progress and productivity in the private sector can best be applied to the operations of the Federal government.
The United States and Russia made big news on Friday when American President Obama and Russian President Medvedev announced an agreement on the Strategic Arms Reduction Treaty, or START. The bilateral arms reduction treaty is a follow-up to the START I agreement, which was signed between the US and the USSR in July 1991, just months before the latter country fell. That agreement expired in December 2009.There are several excellent government sources that provide information on international strategic arms control. As they often do, the Congressional Research Service provides a good introductory overview, found here. The State Department provides relevant arms data under the treaty.
- 1,550 deployed warheads, which is about 30% lower than the upper warhead limit of the Moscow Treaty;
- 800 deployed and non-deployed intercontinental ballistic missile (ICBM) launchers, submarine launched ballistic missile (SLBM) launchers, and heavy bombers equipped for nuclear weapons; and
- 700 for deployed ICBMs, SLBMs, and heavy bombers equipped for nuclear weapons.
This blueprint builds on the significant reforms already made in response to the American Recovery and Reinvestment Act of 2009 around four areas: (1) Improving teacher and principal effectiveness to ensure that every classroom has a great teacher and every school has a great leader; (2) Providing information to families to help them evaluate and improve their children’s schools, and to educators to help them improve their students’ learning; (3) Implementing college- and career-ready standards and developing improved assessments aligned with those standards; and (4) Improving student learning and achievement in America’s lowest-performing schools by providing intensive support and effective interventions.
Broadband technologies are currently being deployed primarily by the private sector throughout the United States. While the numbers of new broadband subscribers continue to grow, studies and data suggest that the rate of broadband deployment in urban and high income areas are outpacing deployment in rural and low-income areas. Some policymakers, believing that disparities in broadband access across American society could have adverse economic and social consequences on those left behind, assert that the federal government should play a more active role to avoid a “digital divide” in broadband access.
1. Design policies to ensure robust competition and, as a result maximize consumer welfare, innovation and investment.
2. Ensure efficient allocation and management of assets government controls or influences, such as spectrum, poles, and rights-of-way, to encourage network upgrades and competitive entry.
3. Reform current universal service mechanisms to support deployment of broadband and voice in high-cost areas; and ensure that low-income Americans can afford broadband; and in addition, support efforts to boost adoption and utilization.
4. Reform laws, policies, standards and incentives to maximize the benefits of broadband in sectors government influences significantly, such as public education, health care and government operations.
The focus of this report is the U.S. solar electricity market, including photovoltaic (PV) and concentrating solar power (CSP) technologies. The report is organized into five chapters. Chapter 1 provides an overview of global and U.S. installation trends. Chapter 2 presents production and shipment data, material and supply chain issues, and solar industry employment trends. Chapter 3 presents cost, price, and performance trends. Chapter 4 discusses policy and market drivers such as recently passed federal legislation, state and local policies, and developments in project financing. Chapter 5 provides data on private investment trends and near-term market forecasts.
CBO and JCT now estimate that, on balance, the direct (mandatory) spending and revenue effects of enacting H.R. 3590 as passed by the Senate would yield a net reduction in federal deficits of $118 billion over the 2010–2019 period. (Direct spending—as distinguished from discretionary spending—is spending that stems from legislation other than appropriation acts.) In our earlier estimate, the budgetary impact was a net reduction in deficits of $132 billion.
In an examination of data that could provide insight into whether there has been a significant spillover in drug trafficking-related violence from Mexico into the United States, CRS analyzed violent crime data from the Federal Bureau of Investigation’s Uniform Crime Report program. The data, however, do not allow analysts to determine what proportion of the violent crime rate is related to drug trafficking or, even more specifically, what proportion of drug trafficking-related violent crimes can be attributed to spillover violence. In conclusion, because the trends in the overall violent crime rate may not be indicative of trends in drug trafficking-related violent crimes, CRS is unable to draw definitive claims about trends in drug trafficking-related violence spilling over from Mexico into the United States.
ELEVENTH DISTRICT
GERALD E. CONNOLLY, Democrat, of Fairfax, VA; born in Boston, MA, March 30, 1950; education: graduated B.A., Maryknoll College; M.A., public administration, Harvard University, 1979; professional: member, Fairfax County Board of Supervisors, 1995-2003, chairman, 2003-07; religion: Roman Catholic; married: Cathy; children: Caitlin; committees: Budget; Foreign Affairs; Oversight and Government Reform; elected to the 111th Congress on November 4, 2008.
Office Listings
http://www.geraldconnolly.house.gov
327 Cannon House Office Building, Washington, DC 20515.
(202) 225-1492 FAX: 225-3071
Chief of Staff.--James Walkinshaw.
Legislative Director.--Dominic Bonaiuto.
Communications Director.--George Burke.
4115 Annandale Road, Annandale, VA 22003
...............(703) 256-3071
District Director.--Sharon Stark.
4308 Ridgewood Center Drive, Woodbridge, VA 22192
...............(703) 670-4989
Prince William Director.--Colin Davenport.
Counties: Fairfax (part), Prince William (part). Cities: Alexandria, Annandale, Burke, Centreville, Clifton, Fairfax, Fairfax Station, Herndon, Lorton, Manassas, Oakton, Occoquan, Springfield, Vienna, and Woodbridge. Population (2000), 643,509.
ZIP Codes: 20069-70, 20109-10, 20112, 20119-22, 20124, 20136-37, 20155-56, 20168-69, 20171, 20181-82, 22003, 22009, 22015, 22027, 22030-33, 22035, 22038-39, 22044, 22060, 22079, 22081-82, 22102, 22116, 22118-21, 22124-25, 22150-53, 22156, 22158-61, 22180-83, 22185, 22191-95, 22199, 22308-09, 22312
This paper considers the role of the automobile industry in the current cycle. It shows that the industry is economically important and its cycle is intertwined with business cycles. After casting some light on the sources of the collapse in car sales at the start of the crisis, the policy measures, in particular car scrapping programmes, put in place to support the automobile industry are discussed. The paper also derives short and medium term projections of car sales. While a rebound in car sales is likely in North America, Japan and the United Kingdom, car sales in Germany have been pushed significantly above trend and may weaken going forward. Over the medium term, in mature markets such as Europe and North America, trend sales are likely to remain stagnant. By contrast, rapid increases are foreseen in China and to a lesser extent in India.The report is a useful resource for students studying the consequences of the current international recession, or simply how economic cycles generally harm important industries.
It was tempting for macroeconomists and policymakers alike to take much of the credit for the steady decrease in cyclical fluctuations from the early 1980s on and to conclude that we knew how to conduct macroeconomic policy. We did not resist temptation. The crisis clearly forces us to question our earlier assessment.It's a good resource for students interested in these issues.
This is what this paper tries to do. It proceeds in three steps. The first reviews what we thought we knew. The second identifies where we were wrong. The third, and the most tentative of the three, takes a first pass at the contours of a new macroeconomic policy framework.
The fat content of school lunches was statistically correlated with many school policies and characteristics in the spring of 2005. Some policies and practices, such as whether french fries are regularly served, can directly affect the nutritional content of USDA lunches. Other policies, such as a school’s allowance of “competitive” foods or foods that bypass nutritional standards, can indirectly affect the content of USDA lunches by offering choices that appeal to students’ taste preferences.The entire report can be read here.
Two questions, then, are at the core of this report: How and when can governments safely wind down their emergency measures? And how can we sensibly reform financial markets? The purpose is to draw together and demonstrate the interconnections among a wide range of issues, and in doing so to contribute to global efforts to address these challenges.The report divides its recommendations into both reforming financial incentives and phasing out emergency measures. The report provides a good resource for students wishing to obtain a deeper understanding the current system of national and international finance.
The past 120 years have been characterized by: (i) rapid economic growth and large productivity gains in all four countries; (ii) a long decline of productivity in the United Kingdom relative to the United States, and to a lesser extent also to France and Japan, a relative decline that was interrupted by the second world war (WW2); (iii) the remarkable catching-up to the United States by France and Japan after WW2, that stopped in the case of Japan during the 1990s.Much, but not all, of these changes are due to the use of information and communication technology (ICT). The report is an excellent resource for learning about how economies change over time.
In total, those changes would reduce budget deficits (or increase future surpluses) by about $21 billion over the 2010-2019 period. (All estimated effects would be on-budget.) In years after 2019, direct spending would be less than the net revenues attributable to the legislation in each of the 10-year periods following 2019. Therefore, CBO estimates that enacting S. 1733 would not increase the deficit in any of the four 10-year periods following 2019.
- Increase federal revenues by about $854 billion; and
- Increase direct spending by about $833 billion.
Recipients report that about 640,000 jobs were created or retained with ARRA funding through September 2009. Such reports, however, do not provide a comprehensive estimate of the law’s impact on employment in the United States. That impact may be higher or lower than the reported number for several reasons (in addition to any issues about the quality of the data in the reports).Another resource on the stimulus package is this excellent overview (PDF) of fiscal stimulus policy by the Congressional Research Service.
The effects of the proposal on premiums would differ across insurance markets (see Table 1). The largest effects would be seen in the nongroup market, which would grow in size under the proposal but would still account for only 17 percent of the overall insurance market in 2016. The effects on premiums would be much smaller in the small group and large group markets, which would make up 13 percent and 70 percent of the total insurance market, respectively.CBO estimates that higher impacts would happen for non-group purchasers than for employer-based group insurance purchasers, who could see a small increase or decrease in premiums. The full report is worth checking out.
We argue that relaxed underwriting standards did severely aggravate the crisis by creating a class of homeowners who were particularly vulnerable to the decline in prices. But, as we show in our counterfactual analysis, that emergence alone, in the absence of a price collapse, would not have resulted in the substantial foreclosure boom that was experienced.
...reexamine roles of headquarters anti-gang entities, establish performance measures for antigang efforts, review [US District Attorney] gang-related case data, and, along with [the Department of Homeland Security], develop a common definition for “gang.”The report also states that the Homeland Security Department agrees with these recommendations.
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