· A NEW
WORLD ORDER
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· chapter
1 : CONSEQUENCES OF 9-11th
· A)The new
heroes
September 11th produced
firefighters, rescuers, and ordinary people who became overnight heroes. The
firefighters and other emergency workers went into the burning buildings,
knowing the danger. They paid a high price. They have become the nation's
newest heroes ; if this is indeed the first war of the 21st
century, they are the first casualties. The survivors are greeted with
applause in the streets of their city. Volunteers at ground zero within hours
of the crash found people alive. 9-11th attacks produced also one
political hero : Mayor Rodolph Giuliani. He joined the rescuers in the
shadow of the Towers. When they collapsed, he had to run for his life. He
created leadership in chaos. Days after the tragedy, Giuliani kept a promise to
walk the sister of one of the deceased fireman down the aisle for the marriage.
He was even compared to Churchill.
· B)
Earthquake in the global economy
When two flying bombs crush through the upper
floors of a Twin Tower skyscraper in New-york's financial district, the
business World changes for ever. All the sectors are hit by the crisis.
Airlines is the business worst affected by
September 11th. People have stopped flying in large numbers. Fear is
the travel sector's biggest enemy. Despite the reinforcement of security in
airports and elsewhere, people have not changed their behaviour. The image of
destruction remain fresh in the minds long after the events. Immediately after
the attack, airline analyst predicted a 50 per cent fall in domestic American
traffic for 2001-2002 and about 25 per cent reduction in the Transatlantic
market. If these forecasts initially seemed alarmist, it quickly became clear
that the outcome could be even worse, with international air-transport profits
being devasted by a collapse in demand. Six weeks after the attacks, the
Association of European Airlines said that Transatlantic traffic had fallen by
36 per cent. Around the World, airline companies were going bankrupt. The
severity of the aviation fall, also threatens aircraft and aero-engine
manufacturers.
Quite obviously tourism is the second sector hit by the events.
Tourism depends totally on airline-companies. 9-11th events had a
disproportionate impact on the regions that depend on tourism. The Caribbean
Islands have to face massive short fall in revenues. Two-thirds of all
bookings were scratched. Even the greatest countries, among them the USA and
Great Britain suffer from lack of tourism. Florida's Disney World on some day
in October 2001 was all but empty ; about £150 million of bookings
from UK were concealed in the four weeks after September 11th.
If airlines and tourism were deeply affected by
9-11th , then insurance companies were not far behind. The blow
delivered by the hijackers changed the rules of insurance cover, especially for
the transport and poperty sectors. Not all the insurance-companies are
expected to survive the financial drain of the New-york catastrophe, especially
those who covered the companies located in the WTC. Initial estimate of the WTC
insurance cost $50 billion.
Other sectors like TV, and departments stores were also hit.
Ruppert Murdock's news corporation said he suffered a $100 million decline in
advertising income. Concerning oil ; as the travel companies had fewer and
fewer activities, the demand for oil fell by and the economic growth prospects
have been lowered for 2002.
After the human casualties due to the collapse of the WTC, the
other « victims » are the workers. The international
air-transport estimates that the final job losses in the airline industry, will
reach 200.000.
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