Two types of product dating may be shown on a product label. The calendar date provides consumers with information on the estimated period of time for which the product will be of best quality and to help the store determine how long to display the product for sale. Does Federal Law Require Dating? Except for infant formula, product dating is not required by Federal regulations. For meat, poultry, and egg products under the jurisdiction of the Food Safety and Inspection Service FSIS , dates may be voluntarily applied provided they are labeled in a manner that is truthful and not misleading and in compliance with FSIS regulations 1. To comply, a calendar date must express both the month and day of the month. In the case of shelf-stable and frozen products, the year must also be displayed.
The NBER’s Business Cycle Dating Committee
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The chronology comprises alternating dates of peaks and troughs in economic activity. A recession is a period between a peak and a trough, and an expansion is a period between a trough and a peak. During a recession, a significant decline in economic activity spreads across the economy and can last from a few months to more than a year. Similarly, during an expansion, economic activity rises substantially, spreads across the economy, and usually lasts for several years.
In both recessions and expansions, brief reversals in economic activity may occur-a recession may include a short period of expansion followed by further decline; an expansion may include a short period of contraction followed by further growth. The Committee applies its judgment based on the above definitions of recessions and expansions and has no fixed rule to determine whether a contraction is only a short interruption of an expansion, or an expansion is only a short interruption of a contraction.
The most recent example of such a judgment that was less than obvious was in , when the Committee determined that the contraction that began in was not a continuation of the one that began in , but rather a separate full recession. The Committee does not have a fixed definition of economic activity. It examines and compares the behavior of various measures of broad activity: The Committee also may consider indicators that do not cover the entire economy, such as real sales and the Federal Reserve’s index of industrial production IP.
The Committee’s use of these indicators in conjunction with the broad measures recognizes the issue of double-counting of sectors included in both those indicators and the broad measures. Still, a well-defined peak or trough in real sales or IP might help to determine the overall peak or trough dates, particularly if the economy-wide indicators are in conflict or do not have well-defined peaks or troughs.
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The NBER’s Business Cycle Dating Committee
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Formula Grant Programs STOP Violence Against Women Formula Grant Program The STOP Formula Grant Program awarded to states and territories, enhances the capacity of local communities to develop and strengthen effective law enforcement and prosecution strategies to combat violent crimes against women and to develop and strengthen victim services in cases involving violent crimes against women.
Each state and territory must allocate 25 percent for law enforcement, 25 percent for prosecutors, 30 percent for victim services of which at least 10 percent must be distributed to culturally specific community-based organizations , 5 percent to state and local courts, and 15 percent for discretionary distribution. Sexual Assault Services Formula Grant Program The Sexual Assault Services Program is the first federal funding stream solely dedicated to the provision of direct intervention and related assistance for victims of sexual assault.
The SASP Formula Grant Program directs grant dollars to states and territories to assist them in supporting rape crisis centers and other nonprofit, nongovernmental organizations or tribal programs that provide services, direct intervention, and related assistance to victims of sexual assault. Funds provided through SASP are designed to supplement other funding sources directed at addressing sexual assault on the state and territorial level. Statewide sexual assault coalitions provide direct support to member rape crisis centers through funding, training and technical assistance, public awareness activities, and public policy advocacy.