The leading index increased 0.3 percent, the coincident index increased 0.2 percent, and the lagging index held steady in May. Taken together, the three composite indexes and their components show a healthy economy: The coincident indicators point to GDP rising at a pace of over 2.5 percent (annualized) in the 2nd quarter of 1999. The leading indicators point to a continuation of the expansion through the remainder of 1999. There is little evidence of cyclical imbalances that would jeopardize the economy's stability.
The leading index decreased 0.1 percent, the coincident index increased 0.2 percent, and the lagging index increased 0.4 percent in April. Taken together, the three composite indexes and their components show a healthy economy: The coincident indicators point to activity continuing to rise at the start of the 2nd quarter of 1999, but at a pace that is much more modest than the 4.1 percent (annualized) rise in GDP in the 1st quarter. The leading indicators point to a continuation of the expansion through at least the 4th quarter of 1999. Evidence of cyclical imbalances from the lagging indicators—that might threaten the stability of the economy—is neither consistent nor convincing.
The leading index increased 0.1 percent, and both the coincident and lagging indexes increased 0.2 percent in March. Taken together, the three composite indexes and their components show a very healthy economy: The coincident indicators show aggregate economic activity growing at about a 3.25 percent annualized pace in the 1st quarter of 1999 (compared to a 4.5 percent increase in the advance estimate of GDP). The leading indicators point to a continuation of the expansion for at least six more months. Cyclical imbalances and related conditions are unlikely to jeopardize the economy's stability.
The leading index increased 0.2 percent, the coincident index increased 0.3 percent, and the lagging index increased 0.2 percent in February. Taken together, the three composite indexes and their components show a healthy economy: The coincident indicators point to GDP rising at a pace of about 3 percent (annualized) in the 1st quarter of 1999. The leading indicators show odds are high that the expansion will continue through at least late-1999. There is little evidence of cyclical imbalances that would jeopardize the economy's stability.
The leading index increased 0.5 percent, the coincident index increased 0.2 percent, and the lagging index increased 0.4 percent in January. Taken together, the three composite indexes and their components show generally healthy conditions: The coincident indicators show that, although industrial production fell slightly, the first quarter of 1999 started on a positive note. The leading indicators are almost unanimous in predicting continued growth through at least the middle of the year. Signs of cyclical imbalances and other factors that might jeopardize the economy's stability remain relatively subdued.
There is little doubt that Iraq was in blatant violation of the 1991 ceasefire agreement in general and of the famous “mother of all resolutions”, UNSCR 687 (3 April 1991) in particular, in which the extent and modalities of the disarmament of the defeated aggressor were detailed: The Security Council..... 8. Decides that Iraq shall unconditionally accept the destruction, removal, or rendering harmless, under international supervision, of: a) all chemical and biological weapons and all stocks of agents and all related subsystems and components and all research, development, support and manufacturing facilities; b) all ballistic missiles with a range greater than 150 kilometres... 34. Decides to remain seized of the matter and to take such further steps as may be required for the implementation of this resolution and to secure peace and security in the area.
Topic:
Security, Foreign Policy, Arms Control and Proliferation, International Law, and United Nations
The Judith Reppy Institute for Peace and Conflict Studies
Abstract:
Acoustic weapons are under research and development in a few countries. Advertised as one type of non-lethal weapons, they are said to immediately incapacitate opponents while avoiding permanent physical damage. Reliable information on specifications or effects is scarce, however. The present report sets out to provide basic information in several areas: effects of large-amplitude sound on humans, potential high-power sources, and propagation of strong sound.
Readiness, the capability to respond quickly to a conflict with the appropriate force, is considered one of the most important elements in defense planning. From one-third to well over one-half of the defense budget goes toward maintaining readiness. Few people questioned the need for readiness, especially after the attack by North Korea against South Korea in 1950 and during the Cold War, when the Soviet-led Warsaw Pact was poised to quickly thrust into Western Europe without much warning.
Topic:
Security, Defense Policy, and Cold War
Political Geography:
United States, South Korea, North Korea, and Western Europe
To date, the debate surrounding national missile defense (NMD) has been dominated by political rhetoric. Supporters (usually conservatives) often paint a “doom-and-gloom” picture, pointing out that the United States is vulnerable to an attack by ballistic missiles. Critics (usually liberals) defend the Anti-Ballistic Missile Treaty as the cornerstone of deterrence and stability and argue that any defensive deployment would upset the balance between the offensive strategic nuclear forces of the United States and Russia.
Since the fall of the Berlin Wall in 1989 and the subsequent breakup of the Soviet Union in 1991, the governments of the United States and other Western countries have provided massive aid to promote a transition to the free market in Central and Eastern Europe and the former Soviet Union. But aid for market reforms in the region has been largely ineffective. Whether provided in the form of technical assistance, grants to political groups or nongovernmental organizations, loans and guarantees to the private sector, or direct financial aid to post-communist governments, that aid has been plagued by a number of problems. The failed $22.6 billion bailout of Russia by the International Monetary Fund in July 1998 only confirmed the flawed nature of the aid-for-reform approach.
Topic:
Economics and Emerging Markets
Political Geography:
Russia, United States, Europe, Eastern Europe, Asia, and Soviet Union