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A Failure of Initiative

United States. Congress. House. Select Bipartisan Committee to Investigate the Preparation for and Response to Hurricane Katrina

Published: 2006

Total Pages: 588


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This report assesses domestic political support for internationalist foreign policy by analyzing the motivations of members of Congress on key foreign policy issues. It includes case studies on major foreign policy debates in recent years, including the use of force, foreign aid, trade policy and U.S.-Russia relations. It also develops a new series of archetypes for describing the foreign policy worldviews of members of the 115th Congress to replace the current stale and unsophisticated labels of internationalist, isolationist, hawk and dove. Report findings emphasize areas of bipartisan cooperation on foreign policy issues given member ideologies.
The emphasis of counterterrorism policy in the United States since Al Qaeda's attacks of September 11, 2001 (9/11) has been on jihadist terrorism. However, in the last decade, domestic terrorists-people who commit crimes within the homeland and draw inspiration from U.S.-based extremist ideologies and movements-have killed American citizens and damaged property across the country. Not all of these criminals have been prosecuted under terrorism statutes. This latter point is not meant to imply that domestic terrorists should be taken any less seriously than other terrorists.
The U.S. Senate has been investigating case histories on the workings of the commodities markets, to ensure well-functioning markets with market-based prices, effective hedging tools, and safeguards against market manipulation, conflicts of interest, and excessive speculation. This is the report of an investigation of the recent rise of banks and bank holding companies as major players in the physical markets for commodities and related businesses. It presents case studies of three major U.S. bank holding companies, Goldman Sachs, JPMorgan Chase, and Morgan Stanley, that over the last decade were the largest bank holding company participants in physical commodity activities. The report shows how the tradition of separating banks from commerce is eroding, and along with it, protections from risks and potentially abusive conduct. It also shows how the Federal Reserve has taken insufficient steps to address this problem. Tables and figures. This is a print on demand report.