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Daily Archives: May 28, 2008

Markey Announces Revolutionary Global Warming Bill: “Cap-and-Invest” System Follows Science, Invests in Clean Energy Future

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News release: “Rep. Edward J. Markey (D-Mass.) introduced a revolutionary new global warming bill today that would reduce global warming pollution according to scientific targets, reinvest any revenue back to American workers and technology, and would re-establish America as a leader in solving the globe’s greatest challenge, climate change…The bill is called the Investing in Climate Action and Protection Act, or iCAP for short, the small “i” a tip of the cap to the technological potential of clean energy. The bill also proffers a new paradigm in global warming legislation: the Cap-and-Invest system. The bill caps pollution at 85 percent below 2005 levels by 2050. It then uses an auction system that sets a price on carbon, and allows companies to compete for reductions, or buy or trade credits within the system.”

Treasury Releases Papers on Anniversary of President's 2003 Tax Relief

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News release: “The Treasury Department released today two papers illustrating the benefits to American families and businesses from the tax relief enacted over the last seven years. The papers were released on the five-year anniversary of President Bush’s signing the Jobs and Growth Tax Relief Reconciliation Act of 2003, which lowered rates on capital gains… Continue Reading

FTC Permanently Halts Pretexting’Scheme; Defendants Barred From Obtaining or Selling Consumers' Phone Records to Third Parties

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News release: “The Federal Trade Commission has put a permanent halt to an operation that allegedly obtained consumers’ confidential phone records without their knowledge or consent and sold them to third parties. The defendants are barred from obtaining consumers’ telephone records without their consent and court orders impose judgments on the defendants totaling more than… Continue Reading

UN: Soaring food prices: facts, perspectives, impacts and actions required

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High-Level Conference on World Food Security: The Challenges of Climate Change and Bioenergy, Rome, 3 – 5 June 2008. Report: Soaring food prices: facts, perspectives, impacts and actions required (50 pages, PDF) “The world is experiencing a dramatic increase in food prices. During the first three months of 2008, international nominal prices of all major… Continue Reading

EIA Petroleum Supply Monthly, Country Analysis Brief – Russia

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Petroleum Supply Monthly (05/28/2008): “Supply and disposition of crude oil and petroleum products on a national and regional level. The data series describe production, imports and exports, movements and inventories.” Country Analysis Brief – Russia, May 2008: “In 2007, Russia’s real gross domestic product (GDP) grew by approximately 8.1 percent, surpassing average growth rates in… Continue Reading

Recent CRS Reports: Alien Smuggling, Statutory Individual Income Tax Rates, Youth Transitioning From Foster Care, Unauthorized Aliens' Access to Federal Benefit

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May 22, 2008 – Alien Smuggling: Recent Legislative Developments May 21, 2008 – Statutory Individual Income Tax Rates and Other Elements of the Tax System: 1988 through 2008 May 21, 2008 – Youth Transitioning From Foster Care: Background, Federal Programs, and Issues for Congress May 21, 2008 – Unauthorized Aliens’ Access to Federal Benefits: Policy… Continue Reading

DOD IG Plan for Increasing Audit and Investigative Capabilities FY08

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Department of Defense Inspector General Growth Plan for Increasing Audit and Investigative Capabilities Fiscal Years 2008 – 2015 (March 31, 2008): “The committee report also notes that within the last three years there has been “exponential growth in the number and cost of Department contracts for operations, procurement, research, and construction within the United States… Continue Reading