Recovery: Investing in America
War bonds may be about to make a comeback. Congress is getting close to approving a war bonds bill, which would put that kind of Treasury savings bond on the market for the first time since World War II.
The Senate passed war bonds legislation in September. The House is expected to take up an identical bill Tuesday.
After continuing Monday's rally Tuesday morning, Wall Street went into a mild decline. Concerns about poor earnings reports, as well as continued anthrax news, pushed the markets into down territory for the day.
The first U.S. war bonds since World War II are nearing approval in Congress, although many analysts say the idea is useful more as a public morale booster than as a significant help to the anti-terror effort.
"From a financial standpoint, it's meaningless. People can buy savings bonds now," said Henry Aaron, senior economist at the Brookings Institution think tank. "It may be, from a psychological standpoint, a small effect." (Full story)
Disappointing profit reports sent the U.S. stocks lower Tuesday as investors cast a wary eye toward the rising number of anthrax cases. The Nasdaq composite index dipped 3.65 to 1,704.43, while the Dow Jones industrial average shed 36.95 to 9,340.08. (Full story)
In the 1960s, the drill was "duck and cover." Now it's "don't open, shake or sniff."
With daily anthrax scares, nervous Americans are being told to check their supplies of canned food and water, watch for suspicious behavior and treat weird mail tenderly. (Full story)
Fan mail -- that old barometer of an entertainer's popularity -- has become off-limits for many in Hollywood since the anthrax mail attacks in New York City, Washington and Florida. Studios, networks and publicists say thousands of letters have been returned to sender or just set aside, and some celebrities have signed up with services that open fan mail for them or stopped opening mail altogether.
"For the time being, we are just not opening fan mail. Just to be careful, we are putting it off for now," said publicist Pat Kingsley, who represents actor Tom Cruise, among others. (Full story)
Whether it's a deliberate attack, as with anthrax, or the outbreak of a slow and silent killer such as HIV, the Centers for Disease Control and Prevention is in the forefront of America's defense.
In its extensive Atlanta headquarters, the CDC investigates thousands of reports from doctors and epidemiologists, always on the lookout for emerging diseases. (Full story)
Prince Albert of Monaco gave New York Mayor Rudolph Giuliani a check Tuesday for $710,000 to be contributed to the Twin Towers Relief Fund.
Today, I'm here to express on behalf of my father, my family, and the principality of Monaco, my sorrow and sympathy to the people of New York and to the American people for the September 11 tragedy," Prince Albert said at a press conference after a courtesy meeting with the mayor at City Hall. (Full story)
Across the United States, businesses and event organizers said they hope that the public is ready to celebrate Halloween despite concerns that fears prompted by the September 11 attacks would keep people at home.
A survey for the National Retail Federation said consumers planned to spend an average of $45 per household on Halloween costumes and decorations, generating an estimated $6.9 billion in sales. "I think that consumers are still very much looking forward to celebrating the holiday," federation spokeswoman Sarah Scheuer said. (Full story)
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
George W. Bush: U.S. president Click here for more.
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 Allbaugh:The chief of the Federal Emergency Management Agency Click here for more
Dr. David Satcher: Surgeon General of the United States
Dr. Jeffrey P. Koplan: Director of the Centers for Disease Control and Prevention Click here for more
Rudy Giuliani: Mayor of New York Click here for more
Michael Bloomberg: Republican candidate for mayor of New York
Anthony A. Williams: Mayor of Washington
Dr. Ivan Walks: Director of the Department of Health for the District of Columbia
Paul O'Neill: Treasury secretary
Norman Y. Mineta:Transportation secretary
Jane Garvey: FAA administrator
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: 4,415 reported missing to the New York Police Department, including the 157 people on the two hijacked planes; 473 bodies recovered, 422 of which have been identified
PENTAGON: 64 dead on hijacked plane; another 125 dead or missing
PENNSYLVANIA: 44 confirmed dead on hijacked plane
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.
The U.S. economy, threatened by recession before September 11, has suffered a number of blows in the weeks since. Several industries -- particularly the airline industry -- were hit hard by the aftermath of the terrorist attacks, and leading economic indicators dropped in September. Yet the nation's financial markets have thus far weathered the uncertainty, making up losses experienced in the days after reopening.
Incidents of anthrax found in mail have frightened many, and the notable increase of security at offices and public places indicates America to be a warier, more cautious place. But daily life has not been put on hold: People are still attending entertainment events, going to ballgames, and getting out. Psychologically, the country appears to be finding its way.
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