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... The attacks of September 11 only helped the economy decline quicker. ... Hotels experienced a surge in vacancies and the economy shed 1.1 million jobs in the final four months of 2001. ... 11, said it has called back all 1,500 workers still available. But at US Airways, which cut 11,100 jobs, just 1,900 employees have been called back. ... 1 percent); durable goods new orders fell $11. ... Industrial production fell 1. ... 0 percent while the NASDAQ fell 9.9 percent, before bottoming on September 21(Provisional Statistics of Retail Sales for September 2001).
A decline in consumer and business confidence following the September 11 attacks lengthened the recession, though the impact of the attacks was lessened by a series of Federal Reserve interest-rate cuts and the timely arrival of tax relief checks. ... 0 and 1.1 percent in the first and second quarter respectively (Blinder, 2001).
The September 11 attacks raised troubling issues about airports and air security, and Congress attempted to address them in a broad aviation security bill that President Bush signed last November. ... The Transportation Security Administration had been forced to borrow $1 billion from the Federal Emergency Management Agency. ... With state and local governments and the private sector joining in, a total of some $100 billion will flow into domestic security in the first year after September 11( Rivlin, 2001). ...
While terrorists murdered a great deal of financial talent in their evil and cowardly acts on September 11, U.
Approximate Word count = 1160
Approximate Pages = 4.6
(250 words per page double spaced)
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