Economic impact of WTC attacks
Terrorism is an increasing global threat that was illustrated by the recent attacks on the World Trade Center buildings in New York. It was a highly organized attack and investigations have shown that besides the United States, planning also took place in different countries of Europe and Asia. These attacks are set to affect far more people than the American government it was intended to harm. Over five thousand people are believed to have died as a direct result of the attacks and many more deaths are expected due to the various consequences of this tragedy. In this essay I shall attempt to cover the far-reaching consequences of this terrorist attack, focusing mainly on the cultural, social and economic aspects.
I shall begin by covering the economic consequences that in my opinion far outweigh any of the others. In the wake of the September 11 attacks close to 250,000 job cuts have been announced, and a nine-year record high of unemployment claims have been reported in America. This number could have been even higher had it not been for the luxury of variable pay . By some estimates cuts in variable pay saved some 1.4 million jobs , that is 1 percent of the working population of America. Another study has found that these cutbacks will result in as much as a $30 billion drop in income for the first quarter of 2002 . This in turn will likely lead to a reduction in consumer spending that would have an adverse effect on the American economy. According to the Commerce Department retail sales fell 2.4 percent in September, much to the shock of Economists who did not expect a drop of this magnitude. Equally surprising to them is the apparent change in consumer attitude in October, which has shown an increased willingness to spend money and has reduced pressure on the economy.
Aside from the above-mentioned costs of the attacks there is also the cost of renovating the damaged areas of the pentagon which is estimated at between $700 and $800 million.
The collapse of the World Trade Center towers caused damage to surrounding buildings and the developer who leases the site has plans to rebuild the towers which will be an extremely expensive endeavor. The government of the United States has also promised compensation for the victims and their families in return for not suing the Federal government or the airlines. Some peop...
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...ed political or patriotic messages. Johnnie Hargis who had been working in the library for 22 years said he had never heard of the policy and that he was the only one punished.
In conclusion, although a tragic event, the overreaction of many people has only worsened the situation. In a time when people should join together to fight ignorance and be more understanding of different cultures a handful of people are only making things worse by their warped sense of justice. It is the year 2001, anti-Muslim sentiment in the west and anti-American sentiment in the Muslim world should not be tolerated if we are to be a true global community.
Bibliography
Daniel Eisenberg; Paying To Keep Your Job; Time magazine; October 15, 2001; Vol. 158 No. 17.
Geoff Hiscock; World Bank warns of poverty, child deaths; www.cnn.com; October 2, 2001.
Federal deal ensures victims' compensation; www.cnn.com; September 24, 2001.
Lisa Barron; Global airlines losses could top $10 billion; www.cnn.com; October 9, 2001.
This research paper also includes some information from various other articles at CNN.com that although helpful were not significant in the composition of this assignment.
The destruction of Papa’s self-esteem is one effect of the evacuation and internment. Before the evacuation and internment, Papa was proud; he had a self-important attitude yet he was dignified. Wakatsuki describes Papa as “a poser, a braggart, and a tyrant. But he had held on to his self-respect” (58). He was “absurdly proud” (54) that he went to the law school even though he never finished. Prior to the evacuation and internment, his self-esteem was not destroyed. When “Papa was take to the prison, he did not let the deputies push him out the door, instead he led them” (8). This manner is clearly contrasted after the evacuation and internment. Papa’s self-esteem no longer existed. Papa drunk heavily inside the barracks, “day after day he would sip his rice wine or his apricot brandy, sip till he was blind drunk and passed out” (65). His pride was diminishing like a vapor of alcohol. He became abusive towards Mama, “He yelled and shook his fists and with his very threats forced her across the cluttered room until she collided with one of the steel bed frames and fell back onto a mattress” (71). Papa's dignity had disappeared; he had become a drunk and an abusive man. The effects of the evacuation and internment contributed to the destruction of his self-esteem.
At the start of the book, we are introduced to a young Jeanne Wakatsuki. Out of ten children, she is the youngest and as a result is more sheltered than the others. The Wakatsuki family is fairly well off. Ko Wakatsuki, the family’s patriarch, owns two fishing boats and with his oldest sons fishes commercially. On the day the story opens, Jeanne and the women in her family are watching the men set sail to fish. However, they return to shore with the news of Pearl Harbor has been bombed by the Japanese. Jeanne’s father, Ko, burns his Japanese flag and anything that shows his Japanese identity, though it does no good. Ko is arrested on charges of supplying oil to Japanese submarines and sent to South Dakota.
September 11, 2001 was a day that Americans and the world for that matter will not soon forget. When two planes went into the twin towers of the World Trade Center and two others went into the Pentagon and a small town in Pennsylvania, the world was rocked. Everyone in the United States felt very vulnerable and unsafe from attacks that might follow. As a result, confidence in the CIA, FBI, and the airlines were shaken. People were scared to fly after what had happened.
BACKGROUND: In March of 2011, the unrest in Syria was just beginning, with protests g...
"Id, Ego, Superego, and the Unconscious in Psychology 101 at AllPsychOnline." Psychology Classroom at AllPsych Online. Web. 24 July 2011. .
A study by the New York City Partnership and the Chamber of Commerce estimates that New York City's economy will sustain a gross loss of about $83 billion and lose 57,000 jobs over three years as a result of the World Trade Center attacks.
Hurricane Harvey recently made its way through some of the southernmost states leaving a path of devastation in its wake. The large amount of rain in a short period of time caused massive flooding, putting some houses almost underwater. Much of Texas and Louisiana was affected by the hurricane over the course of several days. In the state of Texas alone: more than 300,000 people lost power, an estimated 30,000 people were displaced, and there is billions of dollars in property damage left behind. The city of Houston was hit particularly hard by this storm. Many people are banding together to help those impacted by Hurricane Harvey. Several famous people and prestigious companies have donated large sums of money to help the survivors. The total cost of rebuilding is still being determined. This event has had a lot of impact on the United States, it may have affected us in ways we can’t easily see.
The amount of money the New York City lost was so much due the massive attack to the World Trade Center in 2001. However, when the both towers were destroyed, they also destroyed many other places in the lower Manhattan as well. Even, subway stations were destroyed as well. The Smoke was very heavy due to the falling of the both buildings and it caused many subways to stop working and many other subway stations to close that was nearby the twin towers. New York City was required to clean everything that was destroyed and it caused the city a lot of money. Bram, Jason; Orr, James; Rapaport, Carol, stated “The total cost of the September 11 attack on the World Trade Center-comprising earnings losses, property damage, and the cleanup and restoration
More than 1,400 people lost their lives. It became the global symbol of American dysfunction and government negligence. At every level and in every duty, from engineering to social policy to basic logistics, there was revelations of malfunction and failure before, during, and after Katrina. With 80 percent of the city underwater it has been a slow road to recovery. Out of the 140,000 applicants, only 22,000 families have received funds for renovating their homes and only expending 1.3 billion out of the total allocated. Many people are still displaced, many are still waiting for their homes to be rebuilt, neighborhoods are still in shambles, and business are still trying to rebuild but for some the situation still remains
1. Analyze the article that you were assigned. For this question only, you may use point form. (30)
Provence, Michael. The great Syrian revolt and the rise of Arab nationalism. Austin: University of Texas Press, 2005. Print.
Lord of the Flies is a novel about the civilisation of a group of boys that are stranded on an island by themselves without any adults. The author William Golding creates a fiction novel that explores people’s personalities, how they act and react to their surroundings. In particular how fear interferes with the organisation of the group, leading to a lack of cooperation. People need to have cooperation and organisation within a group in order to defeat an enemy. The boys need to have an organisation and collaboration to beat their enemy; the Beast and later on Jack. In the novel Lord of the Flies, Golding presents two boys, Jack and Ralph, both trying to get power over the group. They have opposite personalities. Ralph is a person who cares about, order, the others and their survival. Moreover in the novel the littluns are scared about the Beastie, Ralph then suggested the littluns to sleep in the huts for safety and stay away from the mountain top. On the other hand, Jack is all about fun and killing the Beastie. He doesn’t see the aspect of death as a factor to be worried about. Jack is self centered therefore he doesn’t care about the society he is living in nor the barriers they have.
Among this civil war was different ethnicities and religious groups fighting each other to get right to lead. ISIS who is a Muslim
...th of the levees shortly after Katrina, and millions of dollars have been spent on coastal restoration programs. Plenty of people from around the world helped take care of those affected by this horrible storm and help reconstruct the damaged places.
The Syrian government has been a model of nondemocracy in its antipaticipatory practices, suppression of the Kurds and opposition, lack of free elections and overall authoritarian rule. The series of protests that characterize the 2011 Syrian uprising illustrate the gravity of a people’s dissatisfaction with its own government. This dissatisfaction in Syria is only a small part of a larger movement to bring equality to the Middle East, known as the Arab Spring. The Arab Spring consists of similar uprisings in Egypt, Tunisia, Libya and many other Arabic countries. Though there are currently more countries classified as nondemocratic than democratic, productive uprisings like the one in Syria may be an indication that this trend is shifting.