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Fact Sheet

Recovery: Inklings of economic optimism

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


SUMMARY:

Hundreds of thousands have lost work in recent months, many since the September 11 terror attacks. But while the economy now looks bleak, there are signs already that suggest it will come roaring back, according to economists.

Boeing, the airplane manufacturing giant, expects to cut as many as 30,000 employees. But the layoffs extend far beyond airlines. Hotels and restaurants, for example, have been hard hit. And the economic shock has affected many other industries as well.

UPDATE:

But there are bright spots. Las Vegas, Nevada, was devastated the first week after the attacks. But the city has bounced back to normal. And auto sales, fueled by zero-percent financing offered by manufacturers, are surging and could even hit a record this month. (Full story)

Since the Sept. 11 attacks on the World Trade Center and the Pentagon, many pilots and their union have been calling for the arming of pilots as a last resort to prevent hijackers from taking over planes.

United Airlines pilot Bob Giuda, also a New Hampshire state representative, is circulating a resolution this month among the various union councils that calls for the government to let pilots have guns. If legislation isn't enacted, Giuda wants the pilots to suspend air service.

The American Muslim Alliance is one of a few national political Muslim groups and the first to meet since the Sept. 11 attacks that "forced Muslims to come out into the public square," said Agha Saeed, the group's national chairman.

More than 500 people are expected at a hotel in San Jose, California on Saturday for the convention of the Muslim education and leadership group.

Around the country, college faculty and staff who express opinions on the terrorist attacks and U.S. bombardment of Afghanistan are facing rebuke in public and private, suspension and investigation. At least two professors were asked to leave their schools as a security measure.

Colleges campuses take pride in nurturing debate, but that tradition is being tested in the wake of the Sept. 11 attacks on New York and Washington. People across the political spectrum are feeling the chill. (Full story)

The Federal Aviation Administration has partially lifted its ban on private planes, allowing pilots to fly in and around 15 metropolitan areas by next Wednesday.

Pilots who are not instrument-rated and do not file flight plans had been banned from flying near 30 major metropolitan areas for national security concerns. (Full story)

Manu Dhingra escaped a fireball at the World Trade Center, making his way down from the 83rd floor despite burns covering a third of his body. Now safely at home recovering, the 27-year-old securities broker is struggling with an emotion shared by perhaps thousands of others: survivor guilt.

Such doubts are being found even in people who weren't directly affected by the disaster. Counseling centers say their hot lines have been busy with calls from people who complain of unease, depression and a sense of vulnerability because of the September 11 terrorist attacks. (Full story)

President Bush is calling on the children of America to help the children of Afghanistan, by contributing a dollar to a fund that will provide them with food and medicine.

A senior administration official told reporters the idea stemmed from meetings with his aides in the Oval Office earlier in the week, and from the campaign that created the March of Dimes in the 1930s. (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

KEY QUESTIONS:

What will be the long-range impact on the global airline industry? Click here for more

Are security breaches common at U.S. airports? What is the government doing to improve airport safety? Click here for more

How is Congress helping out in the recovery process? Click here for more

Are children able to grasp the severity of the September 11 attacks? How are they coping?

Will firefighters take greater precautions in rushing into burning buildings in the aftermath of the attacks?

How long will it take to reopen the damaged section of the Pentagon? At what cost? Click here for more

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

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

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 here for more

Tom Ridge: Director of the U.S. Office of Homeland Security, a new Cabinet-level position Click here for more

Richard Clarke: Head of efforts to safeguard information systems for the Office of Homeland Security Click here for more

Wayne Downing: Retired Army general tapped as deputy national security adviser Click here for more

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

Rudy Giuliani: Mayor of New York Click here for more

Paul O'Neill: Treasury secretary

Norman Y. Mineta:Transportation secretary

Jane Garvey: FAA administrator

VICTIMS:

The latest figures provided by federal and local officials give the following totals for the number of people dead or missing from the September 11 attacks.

WORLD TRADE CENTER: 4,815 reported missing to the New York Police Department, including the 157 people on the two hijacked planes; 417 confirmed dead, 366 bodies identified

PENTAGON: 64 dead on hijacked plane; another 125 dead or missing

PENNSYLVANIA: 44 confirmed dead on hijacked plane

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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