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economic consequences of global war and terrorism

Topic 19 · 5 responses · archived october 2000
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~terry seed
What will be the economic impact of the world trade center attack and the ensuing military buildup? Will there be winners as well as losers? Can we handle this financially? Will Americans be willing to give up their lattes, SUVs, and dedecked out stereos? Will the market spin out of control? 5 new of
~terry #1
The estimate I saw was $50 billion so far. These are direct losses and not ripple effect losses which may be incalculable.
~ekelley #2
I heard it was going to be $39 B just to clean up and 'rebuild' (whatever that means) the WTC site... I think it might be more than $50B once we actually go into the inevitable recession.
~terry #3
Ricochet rebounds at WTC ground zero By Ben Charny Special to CNET News.com October 1, 2001, 12:00 p.m. PT The Sept. 11 terrorist attacks on the World Trade Center have unexpectedly renewed Ricochet, the wireless high-speed Internet service owned by Metricom that was shut down more than two months ago. At the request of New York City officials, the Ricochet network has been turned back on to provide Internet access in the area surrounding where the World Trade Center towers once stood. The network that powered wireless access for 51,000 customers nationwide was shut down Aug. 8. It was "relit" so search and recovery personnel combing the wreckage could send each other e-mail to coordinate their efforts, or get access to death certificate records filed online. http://news.cnet.com/news/0-1004-20
~terry #4
Full url, that one got cut off. http://news.cnet.com/news/0-1004-200-7372683.html?tag=ch_mh
~terry #5
Securities firms must report suspicious activity, US banks prohibited from doing business with "Brass Plates" shell banks: http://www.moneylaundering.com/news.htm#20121 Money services businesses (MSBs) get no delay, must report suspicious transactions in 2002: http://www.ustreas.gov/fincen/sardatemsbs.html Correspondent Banks requird to submit extensive information to continue relationships with US institutions: http://www.moneylaundering.com/news.htm#4121 Regulations a severe setback to portions of the US banking industry which had fought these regs tooth-and-nail: http://www.thirdworldtraveler.com/Banks/Shell_Game_Citibank.html and had the Bush administration on-board 'till 9/11 http://www.russianlaw.org/ap060701.htm International crackdown on "Brass Plates", and the underlying national "banking privacy" laws allowing them: http://www.moneylaundering.com/news.htm#13123
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