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.

Letter from I. H. Kempner discussing hotel reservations for D. W., Jeane, and Gladys Kempner in Rome.

Letter from Jeane B. Kempner to Mrs. Angelika W. Frink enclosing an itinerary and discussing possible changes.

Letter from Rolando Ghedini to Daniel W. Kempner asking him to purchase an electronic caponizing device to bring over on his upcoming trip to Italy.

Letter from D. W. Kempner to Dr. Bruce Webster discussing about postponing the professional visit and asking if it is advisable to have fluoroscopes and x-rays taken to Galveston, requesting for a letter of introduction to prominent internalist in Paris, Zurich and Rome.