According to the most recent National Threat Assessment, the global financial crisis and its geopolitical implications pose the primary near-term security concern of the United States. Over the short run, both the EU and the United States are attempting to resolve the financial crisis while stimulating domestic demand to stem the economic downturn. These efforts have born little progress so far as the economic recession and the financial crisis have become reinforcing events, causing EU governments to forge policy responses to both crises. This report discusses this situation in detail and also discusses individual efforts by both the U.S. and EU to combat the effects of the crisis.

This report discusses defense innovation and technology research and development in the American, British, French, and German military and ways to use implement such innovations into NATO forces.

Letter from A. H. Blackshear, Jr. to Daniel W. Kempner discussing total losses from the Merchants & Planters Compress & Warehouse Co., fees from The Bertig Company, bales ginned from Plantersville, storage updates from Liberty Press in New Orleans and Blackshear's upcoming departure for a wedding in Greenville, along with information regarding total cotton bale stock.

This report provides a brief overview of the European Union (EU), an economic and political partnership between 27 sovereign member states. The report describes the formation of the EU, the three main institutions of the EU, and the EU's relationship with the United States.

Letter from D. W. Kempner to Judge John H. Tucker, Jr., discussing summer travel plans.

Inter-office letter from R. M. Armstrong to Harris Leon Kempner regarding his son, David Armstrong's trip to Europe from middle of June to sometime in September where his itinerary is not fixed but would be spending most of his time in Italy. He mentions that he has no connections there in case of emergency for him, so he's writing this letter to Kempner requesting him to write a letter of introduction for them to someone in his office in Italy for Davis to go and seek for advice or help.