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impact of attacks on economy

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  • Dima Ivanov
    Special publication @Wharton about impact attacks on economy. Cheers, Dima Ivanov to the end of the intro -- What s in Store for the Capital Markets and the
    Message 1 of 1 , Sep 28, 2001
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      Special publication @Wharton about impact attacks on economy.
      Dima Ivanov

      to the end of the intro --> What's in Store for the Capital Markets and the Economy?
      In the two weeks since the terrorist attacks on the World Trade Center and the Pentagon on Sept. 11, stocks have been see-sawing on Wall Street, alternately plunging and rebounding day after day. Does that mean that stocks have hit the bottom? Or could they fall further? Wharton professors and industry experts say that economic uncertainty will continue even as some investors are starting to beef up their stock portfolios.

      No Crystal Ball - or Historical Precedent - Can Help Predict Consumer Confidence
      How the events of September 11 will affect consumer spending and saving is anyone's guess. In the short-term, at least, the arrows seem to be pointing down. Whether consumers regain their confidence depends on a number of factors, say Wharton faculty and industry representatives. A stable stock market, a return to routine and a restored sense of security could all help generate a rebound.

      Fear of Flying: Passengers and Airlines Can Expect Turbulent Times
      Government aid to beleaguered U.S. airlines will help stem the industry's tide of red ink, already in evidence even before the Sept. 11 disaster. But airlines also must work harder than ever to stimulate demand and emphasize airline security, say Wharton faculty and aviation experts. An economic rebound would help

      How Will Insurers Deal With Their Most Expensive Catastrophe?
      Every past catastrophe is dwarfed by the impact that the terrorist attacks will have on the insurance industry. Among the issues that shell-shocked insurers and re-insurers are grappling with are workers' compensation losses, business interruption losses and property losses. Estimates suggest the industry's exposure could be anywhere between $15 billion and $40 billion. Wharton professors and industry experts offer some suggestions, including a stronger role for the government as the "insurer of last resort."

      Look for High-Rises to be Shorter, More Secure and Still Anchored in Cities
      The terrorist attacks that obliterated the landmark World Trade Center towers shattered steel and glass along with the confidence of workers who once found prestige in spectacular high-rise views. But America's signature skyscrapers and the dense cities that spawn them will remain - in some form - a part of the landscape, suggest Wharton faculty and real-estate industry executives.

      Will Focus on Security and Reconstruction Help Some Industries Thrive?
      While the stock market was making its most perilous week-long dive in 60 years following the attacks on the Pentagon and the World Trade Center, companies like Raytheon, General Dynamics and L-3 Communications went against the trend in a big way. Will the post-attack economy offer opportunities to industries such as defense, computer hardware, security and telecommunications?

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