The Economic Impact Of The Attack On The World Trade Center Essays

The Economic Impact Of The Attack On The World Trade Center THE ECONOMIC IMPACT OF THE ATTACK ON THE WORLD CENTER AND THE PENTAGON TRADE The effects of the attacks on the World Trade Center and Pentagon are rippling throughout the world, by sector, by region, and by market. Bond markets, inside and outside the U.S., already jittery from a deceleration in worldwide economic activity, are struggling to find direction in the aftermath of the attack. There now seems little doubt that the U.S. and global economies will slip into recession. The aerospace, insurance and banking industries, directly connected with the attack, will suffer the most. The airline sector had already been suffering a slowdown as a result of lower economic growth and cutbacks in business travel. Then, at the moment the first plane hit the first tower, the U.S. airline industry was dealt an even more severe blow. In the ten days that followed, nine U.S. airlines were downgraded or had their ratings put on credit watch with negative implications. Airports and aerospace also felt the credit impact. In New York, the Port Authority of New York and New Jersey, housed in the World Trade Center, was placed on credit watch with negative implications, and, in the days that followed, every North American airport and airport-related special facility and 13 commercial aerospace companies--airplane manufacturers; engine producers; suppliers of aircraft systems, components, and materials; and vendors providing aviation supportwere put on credit watch with negative implications. The effect of the attack on the World Trade Center, due to diminished air travel, goes f urther in affecting the hotel industry and tourism. Now, as the death toll rises and as property damage is beginning to be assessed, it seems quite likely that this catastrophe will be insurers' largest-ever insured loss. Insurance analysts have said that, once losses exceeded $15 billion, it would expect to see a significant impact on the balance sheets of individual insurers. So far, estimated net aggregate insured losses, from 55 leading insurers and reinsurers, are $19.2 billion. This figure is expected to continue rising. Rob Jones, a director in Standard & Poor's Financial Services group in London, has said that losses would have to exceed $50 billion before the entire industry were in trouble, and it is fast approaching that line. Even in Asia's emerging economies, insurance companies are likely to feel the impact of the attack. Although Asian companies are more likely to be affected by exposure to investment volatility more than by exposure to claims, the ratings on subsidiaries of foreign insurers may be affected in the event that their parent companies incur major claims as a result of the attacks on U.S. targets. Alan Greenspan, chairman of the U.S. central bank, expects some difficult times ahead for companies and workers but remains optimistic about the long-term strength of the U.S. economy. Testifying before the House of Representatives Banking Committee September 20, Greenspan said that the September 11 terrorist attacks on the World Trade Center and Pentagon caused considerable uncertainty that resulted in business cutting back or delaying spending plans. Indeed, much economic activity ground to a halt last week, he said. Banks and investment banks have mostly weathered the initial phase of the dislocations caused by the attacks on the World Trade Center. The payments system continued to work even in the immediate aftermath of the disaster, and financial markets are now all open for business once again. Financial analysts plan to focus on the medium to longer-term implications. For example, credit exposure to those industries that may have been most affected by the disaster will add to the already mounting credit problems that some banks may have. Investment banks could be especially vulnerable to the business interruption and potential impact of a further slowdown in already weak capital markets. Any aggressive share buybacks will further reduce the tolerance threshold for earnings pressures. Outside the U.S., the attacks are likely to add to the pressures of banks, as investment volatility becomes a threat to the already precarious financial positions of banks. Though the economic effects of the attack on the World Trade Center and the Pentagon have raised various opinions from financial analysts, none of them has the capacity to

Navigators SF Sample Essay - The Division Guide

Navigators SF Sample Essay - The Division GuideThe Navigators SF Sample Essay is by far the best resource for a student of the Navigation System in Niantic Labs' The Division game. If you're a new player of The Division and have a question about the game or a lot of things to do, the game guides are a must. There are a number of questions that come up each time a player logs in and asks for help. These are all great reasons why people would want to read these.Niantic Labs created The Division. Its character customization system is unlike anything else you've ever seen. Their level of detail is unmatched in any other online game. To be able to go from a casual player to a Division player in one of the games newest games, it takes a lot of time and dedication. That's why this eBook, The Navigators SF Sample Essay, was created.Now players of The Division are being offered a way to have a cheat sheet on how to make the most out of their game. While The Division players who already play t he game and are familiar with how the game works, it may be easier for new players to know how to gear up and what not to do in The Division. This is why these guides are an absolute must have.Now, The Navigators SF Sample Essay will provide you with some things to look for when choosing a guide to help you through the game and your progress through the storyline of The Division. First, be sure you can afford the guide. The Division is a high level game that has detailed and challenging gameplay, which requires players to be at a certain level in order to ensure the completion of objectives.Second, make sure you can afford the time spent using these guides, especially if you are new to the game and want to level up fast. Your guides should be easy to follow, especially if you are new to the game or are struggling. A complete guide will help you and save you the trouble of figuring out how to complete tasks and what levels to take on.Third, find a guide that is the easiest to use, is laid out in an easy to follow fashion, and most importantly, is customizable. That's right, there are a ton of guides out there to choose from. You should be able to tweak the guide to meet your needs and wants. For example, I like a guide that can be adjusted to show me what exactly I need to do to complete the task I am on and how much time it will take.Lastly, do not be afraid to go to the forums in the game and ask for help. I would suggest that if you have a question, do it in the proper forum of course. This is not just for people new to the game but also for those who have been playing for a while and may have some questions that no one else knows the answer to.Don't think you have to pay money to be able to use these guides. They are free. The Navigators SF Sample Essay is your perfect guide to get you started and learn everything you need to know about The Division.