Download or read book The Lower Manhattan Economy After September 11th written by and published by . This book was released on 2005 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Resilient City written by Howard Chernick and published by Russell Sage Foundation. This book was released on 2005-08-25 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: The strike against the World Trade Center on September 11, 2001, was a violent blow against the United States and a symbolic attack on capitalism and commerce. It shut down one of the world's busiest commercial centers for weeks, destroyed or damaged billions of dollars worth of property, and forced many New York City employers to slash their payrolls or move jobs to other areas. The immediate economic effect was substantial, but how badly did 9/11 affect New York City's economy in the longer term? In Resilient City, Howard Chernick and a team of economic experts examine the city's economic recovery in the three years following the destruction of the Twin Towers. Assessing multiple facets of the New York City economy in the years after 9/11, Resilient City discerns many hopeful signs among persistent troubles. Analysis by economist Sanders Korenman indicates that the value of New York–based companies did not fall relative to other firms, indicating that investors still believe that there are business advantages to operating in New York despite higher rates of terrorism insurance and concerns about future attacks. Cordelia Reimers separates the economic effect of 9/11 from the effects of the 2001 recession by comparing employment and wage trends for disadvantaged workers in New York with those in five major U.S. cities. She finds that New Yorkers fared at least as well as people in other cities, suggesting that the decline in earnings and employment for low-income New York workers in 2002 was due more to the recession than to the effects of 9/11. Still, troubles remain for New York City. Howard Chernick considers the substantial fiscal implications of the terrorist attacks on New York City, estimating that the attack cost the city about $3 billion in the first two years alone; a sum that the city now must make up through large tax increases, spending cuts, and substantial additional borrowing, which will inevitably be a burden on future budgets. The terrorist attacks of September 11 dealt a severe blow to the economy of New York City, but it was far from a knock-out punch. Resilient City shows that New York's dynamic, flexible economy has absorbed the hardships inflicted by the attacks, and provides a thorough, authoritative A Russell Sage Foundation September 11 Initiative Volume
Download or read book New York After 9 11 written by Susan Opotow and published by Fordham Univ Press. This book was released on 2018-09-04 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: An estimated 2 billion people around the world watched the catastrophic destruction of the World Trade Center. The enormity of the moment was immediately understood and quickly took on global proportions. What has been less obvious is the effect on the locus of the attacks, New York City, not as a seat of political or economic power, but as a community; not in the days and weeks afterward, but over months and years. New York after 9/11 offers insightful and critical observations about the processes set in motion by September 11, 2001 in New York, and holds important lessons for the future. This interdisciplinary collection brings together experts from diverse fields to discuss the long-term recovery of New York City after 9/11. Susan Opotow and Zachary Baron Shemtob invited experts in architecture and design, medicine, health, community advocacy, psychology, public safety, human rights, law, and mental health to look back on the aftereffects of that tragic day in key spheres of life in New York City. With a focus on the themes of space and memory, public health and public safety, trauma and conflict, and politics and social change, this comprehensive account of how 9/11 changed New York sets out to answer three questions: What were the key conflicts that erupted in New York City in 9/11’s wake? What clashing interests were involved and how did they change over time? And what was the role of these conflicts in the transition from trauma to recovery for New York City as a whole? Contributors discuss a variety of issues that emerged in this tragedy’s wake, some immediately and others in the years that followed, including: PTSD among first responders; conflicts and design challenges of rebuilding the World Trade Center site, the memorial, and the museum; surveillance of Muslim communities; power struggles among public safety agencies; the development of technologies for faster building evacuations; and the emergence of chronic illnesses and fatalities among first responders and people who lived, worked, and attended school in the vicinity of the 9/11 site. A chapter on two Ground Zeros –in Hiroshima and New York – compares and historicizes the challenges of memorialization and recovery. Each chapter offers a nuanced, vivid, and behind-the-scenes account of issues as they unfolded over time and across various contexts, dispelling simplistic narratives of this extended and complicated period. Illuminating a city’s multifaceted response in the wake of a catastrophic and traumatic attack, New York after 9/11 illustrates recovery as a process that is complex, multivalent, and ongoing.
Download or read book 20 Years of Urban Rebuilding written by Patrice Derrington and published by Taylor & Francis. This book was released on 2024-06-20 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following the destruction of the World Trade Center and the surrounding area of Lower Manhattan from the terrorist attack of 9/11/2001 there were many heroic and extensive efforts to rebuild this iconic urban area in New York City. Political accomplishments, economic recovery, and community rehabilitation were urgent and important concerns and were continually monitored and debated. Supporting this progress and restoration of the critical infrastructure and built environment, however, was a vast and varied gathering of legislative bodies, public institutions, interest groups, and private individuals and entities. This is their story. This book commences with a damage assessment of the immediate aftermath of the attack, describing the extent of destruction to the physical environment—buildings, public places, subway and train stations, roads and sidewalks—and the adverse consequences for the metropolitan economy, local businesses, communities, and families. Then, the story of the long route to recovery is presented, from early visionary intentions through brilliant leadership that confronted daunting bureaucratic procedures, to community voices achieving significant outcomes and eventually to an effective and exemplary partnership of public and private interests, that has produced the current vibrant urban center of downtown New York 23 years later. Of particular interest to researchers, students, and practitioners of urban development and planning, 20+ Years of Urban Recovery contributes to current research on the urban development crisis by focusing on the unique features in rebuilding urban centers following an unforeseen event of major devastation.
Download or read book Economic Effects Of 9 11 written by Gail Makinen and published by DIANE Publishing. This book was released on 2011-05 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: The loss of lives and property on 9/11 was not large enough to have had a measurable effect on the productive capacity of the U.S. even though it had a very significant localized effect on N.Y. City and on the Wash., D.C. area. Over the longer run, 9/11 will adversely affect U.S. productivity growth because resources will be used to ensure the security of prod¿n., dist., finance, and commun. Contents of this report: (1) Overview; (2) Economy Wide Implications and the Fiscal-Monetary Response; (3) Terrorism and National Productivity; (4) Oil Supply and Prices; (5) World Economies; (6) Internat. Capital Flows and the Dollar; (7) Financial Markets; (8) Sectoral, Industry, and Geographical Effects. This is a print on demand publication.
Download or read book The Economic Effects Of 9 11 written by Congressional Research Service Library o and published by . This book was released on 2005 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: The tragedy of September 11, 2001 was so sudden and devastating that it may be difficult at this point in time to write dispassionately and objectively about its effects on the U.S. economy. This retrospective review will attempt such an undertaking. The loss of lives and property on 9/11 was not large enough to have had a measurable effect on the productive capacity of the United States even though it had a very significant localized effect on New York City and, to a lesser degree, on the greater Washington, D.C. area. Thus, for 9/11 to affect the economy it would have had to have affected the price of an important input, such as energy, or had an adverse effect on aggregate demand via such mechanisms as consumer and business confidence, a financial panic or liquidity crisis, or an international run on the dollar. It was initially thought that aggregate demand was seriously affected, for while the existing data showed that GDP growth was low in the first half of 2001, data published in October showed that GDP had contracted during the 3rd quarter. This led to the claim that "The terrorist attacks pushed a weak economy over the edge into an outright recession." We now know, based on revised data, this is not so. At the time of 9/11 the economy was in its third consecutive quarter of contraction; positive growth resumed in the 4th quarter. This would suggest that any effects from 9/11 on demand were short lived. While this may be true, several events took place before, on, and shortly after 9/11, that made recovery either more rapid than it might have been or made it possible to take place. First, the Federal Reserve had eased credit during the first half of 2001 to stimulate aggregate demand. The economy responds to policy changes with a lag in time. Thus, the public response may have been felt in the 4th quarter giving the appearance that 9/11 had only a limited effect. Second, the Federal Reserve on and immediately after 9/11 took appropriate action to avert a financial panic and liquidity shortage. This was supplemented by support from foreign central banks to shore up the dollar in world markets and limited the contagion of 9/11 from spreading to other national economies. Nevertheless, U.S. trade with other countries, especially Canada, was disrupted. While oil prices spiked briefly, they quickly returned to their pre-9/11 levels. Thus, it can be argued, timely action contained the short run economic effects of 9/11 on the overall economy. Over the longer run 9/11 will adversely affect U.S. productivity growth because resources are being and will be used to ensure the security of production, distribution, finance, and communication.
Download or read book World Trade Center Economic Recovery written by Beth Siegel and published by . This book was released on 2006 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Compensation for Losses from the 9 11 Attacks written by Lloyd S. Dixon and published by Rand Corporation. This book was released on 2004 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: The terrorist attacks of September 11, 2001, caused tremendous loss of life, property, and income, and the resulting response from public and private organizations was unprecedented. This monograph examines the benefits received by those who were killed or seriously injured on 9/11 and the benefits provided to individuals and businesses in New York City that suffered losses from the attack on the World Trade Center. The authors examine the performance of the compensation system--insurance, tort, government programs, and charity--in responding to the losses stemming from 9/11.
Download or read book The Aftermath of the 9 11 Attack in the New York City Office Market written by Franz Fuerst and published by . This book was released on 2009 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although almost eight years have passed since the terrorist attacks of September 11, 2001, researchers continue to investigate the consequences of this far-reaching event in a variety of scientific disciplines and subject areas. In economic research, a number of more recent publications have added to existing body of literature by elucidating the medium- and long-term impact of the attacks using new methods and/or data. This paper is more modest in scope in that it reviews the impact of the attacks on the Manhattan's office inventory, employment and rents. Overall, there is scant evidence that the attack have had a long-lasting impact on the Manhattan office market. Of the companies that decided not to return to Lower Manhattan after 9/11, the majority relocated to Midtown Manhattan. Taken together, the core markets of Midtown and Downtown Manhattan captured about 80 percent of the stream of displaced tenants after 9/11, while areas outside of these two core clusters captured only 20 percent, which bodes well for Manhattan's ability to remain a prime office location even in the face of a severe crisis. The majority of businesses directly affected by the attack have opted to remain in the Downtown area or have returned there after the damaged buildings were restored. Moreover, the set of so-called quot;trophyquot; buildings proved to be less affected by the recession than the general market, a finding that runs counter to initial assumptions about the future of office high-rises. In addition to a drastic reduction in leased space, accommodation of displaced tenants within the existing office space portfolio of large companies contributed further to lower occupancy rates than had been expected after the destruction of 10 percent of the inventory. This phenomenon, also known as backfill, caused overall absorption to be negative in the quarters following 9/11, since the positive demand created by displaced tenants was more than offset by losses incurred in the accelerated recession.
Download or read book The Impact of 9 11 on Business and Economics written by M. Morgan and published by Springer. This book was released on 2009-08-31 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Impact of 9/11 on Business and Economics is the second volume of the six-volume series The Day that Changed Everything? edited by Matthew J. Morgan. The series brings together from a broad spectrum of disciplines the leading thinkers of our time to reflect on one of the most significant events of our time.
Download or read book 9 11 and the New York City Economy written by Michael L. Dolfman and published by . This book was released on 2004 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Pentagon 9 11 written by Alfred Goldberg and published by Office of the Secretary, Historical Offi. This book was released on 2007-09-05 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: The most comprehensive account to date of the 9/11 attack on the Pentagon and aftermath, this volume includes unprecedented details on the impact on the Pentagon building and personnel and the scope of the rescue, recovery, and caregiving effort. It features 32 pages of photographs and more than a dozen diagrams and illustrations not previously available.
Download or read book Wounded City written by Nancy Foner and published by Russell Sage Foundation. This book was released on 2005-08-25 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: New York has eight million deeply personal and unique stories of pain and perseverance from September 11, 2001. But the toll of tragedy is greater than the anguish it inflicts on individuals—communities suffer as well. In Wounded City, editor Nancy Foner brings together an accomplished group of scholars to document how a broad range of communities—residential, occupational, ethnic, and civic—were affected and changed by the World Trade Center attacks. Using survey data and in-depth ethnographies, the book offers sophisticated analysis and gives voice to the human experiences behind the summary statistics, revealing how the nature of these communities shaped their response to the disaster. Sociologists Philip Kasinitz, Gregory Smithsimon, and Binh Pok highlight the importance of physical space in the recovery process by comparing life after 9/11 in two neighborhoods close to ground zero—Tribeca, which is nestled close to the city's downtown, and Battery Park City, which is geographically and structurally separated from other sections of the city. Melanie Hildebrandt looks at how social solidarity changed in a predominantly Irish, middle class community that was struck twice with tragedy: the loss of many residents on 9/11 and a deadly plane crash two months later. Jennifer Bryan shows that in the face of hostility and hate crimes, many Arab Muslims in Jersey City stressed their adherence to traditional Islam. Contributor Karen Seeley interviews psychotherapists who faced the challenge of trying to help patients deal with a tragedy that they themselves were profoundly affected by. Economist Daniel Beunza and sociologist David Stark paint a picture of organizational resilience as they detail how securities traders weathered successive crises after evacuating their downtown office and moving temporarily to New Jersey. Francesca Polletta and Lesley Wood look at a hopeful side of a horrible tragedy: civic involvement in town meetings and public deliberations to discuss what should be done to rebuild at ground zero and help New Yorkers create a better future in the footprints of disaster. New Yorkers suffered tremendous losses on September 11, 2001: thousands of lives, billions of dollars, the symbols of their skyline, and their peace of mind. But not lost in the rubble of the World Trade Center were the residential, ethnic, occupational, and organizational communities that make up New York's rich mosaic. Wounded City gives voice to some of those communities, showing how they dealt with unforeseen circumstances that created or deepened divisions, yet at the same brought them together in suffering and hope. It is a unique look at the aftermath of a devastating day and the vitality of a diverse city. A Russell Sage Foundation September 11 Initiative Volume
Download or read book Preparing for the Psychological Consequences of Terrorism written by Institute of Medicine and published by National Academies Press. This book was released on 2003-08-26 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Oklahoma City bombing, intentional crashing of airliners on September 11, 2001, and anthrax attacks in the fall of 2001 have made Americans acutely aware of the impacts of terrorism. These events and continued threats of terrorism have raised questions about the impact on the psychological health of the nation and how well the public health infrastructure is able to meet the psychological needs that will likely result. Preparing for the Psychological Consequences of Terrorism highlights some of the critical issues in responding to the psychological needs that result from terrorism and provides possible options for intervention. The committee offers an example for a public health strategy that may serve as a base from which plans to prevent and respond to the psychological consequences of a variety of terrorism events can be formulated. The report includes recommendations for the training and education of service providers, ensuring appropriate guidelines for the protection of service providers, and developing public health surveillance for preevent, event, and postevent factors related to psychological consequences.
Download or read book Terror and Wonder written by Blair Kamin and published by University of Chicago Press. This book was released on 2011-11 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Collects the best of Kamin's writings for the Chicago Tribune from the past decade.
Download or read book After the World Trade Center written by Michael Sorkin and published by Routledge. This book was released on 2013-09-05 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: The terrorist attacks of September 11 have created an unprecedented public discussion about the uses and meanings of the central area of lower Manhattan that was once the World Trade Center. While the city sifts through the debris, contrary forces shaping its future are at work. Developers jockey to control the right to rebuild "ground zero." Financial firms line up for sweetheart deals while proposals for memorials are gaining in appeal. In After the World Trade Center, eminent social critics Sharon Zukin and Michael Sorkin call on New York's most acclaimed urbanists to consider the impact of the terrorist attack on the World Trade Center and what it bodes for the future of New York. Contributors take a close look at the reaction to the attack from a variety of New York communities and discuss possible effects on public life in the city.
Download or read book Back in Business written by Tom Seessel and published by . This book was released on 2002 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt:
