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Recovery: A 'bond' for New York

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New York is pondering the future of the World Trade Center site as it clears the rubble.  


SUMMARY:

New York Mayor Rudy Giuliani announced Sunday the city would issue $1 billion in "recovery notes" to help the city recover and rebuild in the aftermath of the September 11 terrorist attacks.

President Bush is considering an economic aid program for workers who lost jobs in the airline and other industries in the wake of the September 11 attacks. Specifics on the legislation, for which the White House is attempting to build congressional support, are expected in the coming week.

UPDATE:

The city is issuing $1 billion worth of notes intended to help New York recover and rebuild following the terrorist attacks on the World Trade Center, Mayor Rudy Giuliani said Sunday.

The series A "recovery notes" will be available starting Monday morning from selected brokers, including Bear Stearns, Lehman Brothers and Morgan Stanley, the mayor said in a news briefing Sunday morning. He called it a "nice symbolic gesture" and a way of "showing your confidence in New York." (Full story)

President Bush is considering ideas to help workers who lost their jobs as a result of the September 11 terrorist attacks, including a proposal to extend the 26-week unemployment benefit program by 13 weeks, an administration official told CNN.

Aides said it is possible assistance for laid-off workers could be included in a broader package to stimulate the economy. (Full story)

Moreover, White House Chief of Staff Andrew Card said Sunday that President Bush wants to reopen Reagan National Airport in Washington "as quickly as we can."

Wall Street ended a dismal third quarter on a high note last week and the trend could continue if a little help from the Federal Reserve can keep profit-takers at bay, say analysts. (Full story)


  •  Summary

  •  Update

  •  Key questions

  •  Impact



REMEMBERING THE VICTIMS

  •  Emergency information

  •  Partial list of victims

  •  Victims story archives

  •  Latest news


Attack on America
 CNN.COM SPECIAL REPORT
 CNN NewsPass Video 
Agencies reportedly got hijack tips in 1998
 MORE STORIES
Intelligence intercept led to Buffalo suspects
Report cites warnings before 9/11
 EXTRA INFORMATION
Timeline: Who Knew What and When?
Interactive: Terror Investigation
Terror Warnings System
Most wanted terrorists
What looks suspicious?
In-Depth: America Remembers
In-Depth: Terror on Tape
In-Depth: How prepared is your city?
 RESOURCES
On the Scene: Barbara Starr: Al Qaeda hunt expands?
On the Scene: Peter Bergen: Getting al Qaeda to talk

And anyone worried about the resilience of New York's spirit in the wake of the September 11 attack on the World Trade Center need look no farther than the return of witty cartoons to the New Yorker magazine.

In the current issue, the first to use humor to address the destruction of the World Trade Center, a man in a plaid sports jacket sits in a swanky bar next to a well-heeled young woman. She turns to him, and over her martini, cheerfully blurts out: "I thought I'd never laugh again. Then I saw your jacket." (Full story)

KEY QUESTIONS:

Will Americans resume air travel at their previous levels? Click for more

What will happen to the World Trade Center site? Click for more

What are the legal issues involved in compensating the victims?

What will be the long-range impact on the insurance industry?

How has the fabric of New York, Washington and the country as a whole been altered?

What measures will be taken to try to prevent a recurrence of such attacks? Click for more

How will these measures affect the American way of life?

What effect will the attacks have on the economy?

What will be the global effect?

WHO'S WHO:

George W. Bush: U.S. president

Laura Bush: First lady of the United States, she has become more visible since the terrorist attacks, making public appearances urging parents and teachers to help reassure children that everything is being done to try to keep them safe. Click for more

Tom Ridge: President Bush's appointee as head of the newly created Cabinet post of Office of Homeland Security, Ridge has been governor of Pennsylvania since 1995. Click for more

Joe Albaugh:The chief of the Federal Emergency Management Agency Click for more

Rudolph Giuliani: Mayor of New York Click for more

Paul O'Neill: Treasury secretary

Norman Y. Mineta:Transportation secretary

Jane Garvey: FAA administrator

VICTIMS:

New York Mayor Rudy Giuliani reported the number of people reported missing by family members is 4,657. The police department reports 5,219 people missing, a number compiled from six separate sources, which means there will likely be redundancies.

The mayor said 314 people are confirmed dead from the September 11 attacks, and that 255 of them have been identified. He said 1,074 death certificates have been applied for.

IMPACT:

The events of September 11 exposed the vulnerability of the world's greatest superpower, presenting the United States with the challenge of recovering emotionally and physically.

Several industries -- particularly the airline industry and the insurance industry -- have been hit hard by the aftermath of the terrorist attacks, and their progress will be watched closely as a guide to the overall U.S. economic and psychological recovery.



 
 
 
 



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