Capital Area Food Bank Austin

To what extent do international financial market pressures influence or constrain government policy choices? Room to Move suggests that international financial integration does not mean the end of social democratic welfare policies. Capital market openness allows participants to react swiftly and severely to government policy; but in the developed world, capital market participants consider only a few government policies when making decisions. Governments that conform to capital market pressures in macroeconomic areas remain relatively unconstrained in supply-side and micro-economic policy areas. Therefore, despite financial globalization, cross-national policy divergence among advanced democracies remains likely. Still, in the developing world, the influence of financial markets on government policy autonomy is more pronounced. The risk of default renders market participants willing to consider a range of government policies in investment decisions. This inference, however, must be tempered with awareness that governments retain choice. As evidence for its conclusions, Room to Move draws on interviews with fund managers, quantitative analyses, and archival investment banking materials.

In 1790, two events marked important points in the development of two young American institutions - Congress decided that the new nation's seat of government would be on the banks of the Potomac and John Carroll of Maryland was consecrated as America's first Catholic bishop. This coincidence of events signalled the unexpectedly important role that Maryland's Catholics, many of them by then fifth- and sixth-generation Americans, were to play in the growth and early government of the national capital. In this book William W. Warner explores how Maryland's Catholics drew upon their long-standing traditions - advocacy of separation of church and state, a sense of civic duty, and a determination "to live at peace with all their neighbors", in Bishop Carroll's phrase - to take a prominent role in the early government, financing, and building of the new capital. Beginning with brief histories of the area's first Catholic churches and the establishment of Georgetown College, At Peace with All Their Neighbors explains the many reasons behind the Protestant majority's acceptance of Catholicism in the national capital in an age often marked by religious intolerance. This chronicle of Washington's Catholic community and its major contributions to the growth of the nation's capital will be of value for everyone interested in the history of Washington, D.C., Catholic history, and the history of religious toleration in America.

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