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Recovery: Fed expectations fuel rally

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


Expectations that the Federal Reserve will cut interest rates Tuesday sparked a rally on Wall Street. The Dow Jones Industrial Average was up more than 100 points; the Nasdaq index more than 40 points. A rate cut would be the 10th this year.

Leaders of New York's police and fire departments insist new limits on the number of officers and firefighters helping recover remains at the World Trade Center site don't mean the operation is being scaled back. City officials say it's unsafe to have large numbers of people sifting through the World Trade Center rubble amid cranes and excavation equipment.

New Yorkers will go to the polls Tuesday to select a new mayor. The election will decide who succeeds current Mayor Rudy Giuliani, who has held the position for eight years. Giuliani may be more popular than ever, due to his handling of the city in the wake of the September 11 attacks.


Angry firefighters fear the recovery effort is being scaled back and that Ground Zero is becoming a construction site, but Fire Commissioner Thomas Von Essen called the criticism "unfair and dishonest." (Full story)

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Attack on America
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Airport security is on the minds of many lawmakers, but Congress is divided on how best to proceed. CNN's Kate Snow reports (November 1)

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New Yorkers will go to the polls Tuesday to pick a new mayor. Opinion surveys indicate that the race, between Democrat Mark Green and Republican Michael Bloomberg, is too close to call. Despite the lack of attention the race has drawn from voters, the role of New York City's next mayor has taken on an importance no one could have imagined before September 11, experts say. (Full story)

Stocks rallied across the board Monday with the Nasdaq closing more than 2 percent higher and the Dow adding over 100 points ahead of expected interest rate cuts Tuesday from the Federal Reserve. (Full story)

Trinity Church, a 155-year-old lower Manhattan landmark that escaped serious damage September 11, reopened to worshippers Sunday for the first time since the terrorist attacks. "Today we stand in a moment of time that we hope will never be repeated," the Rt. Rev. E. Don Taylor, the Anglican vicar bishop of New York, told parishioners. (Full story)

Applications to carry a concealed weapon are on the rise around the country as Americans deal with fears of terrorism. In October, Colorado officials conducted more than triple the number of background checks for concealed-weapons permits than they did a year earlier. Increases have also been reported in states such as Texas, Washington and Oklahoma. (Full story)

While Republican House leaders defended the aviation security bill that passed narrowly last week with President Bush's blessing, some senators vowed to continue pushing for legislation that would put passenger screeners on the federal payroll. (Full story)

Millions witnessed the New York City Marathon Sunday amid the tightest security in its 32 years. An estimated 30,000 runners participated in the race, which was dedicated to to victims of the September 11 World Trade Center attacks and to the rescuers. Its slogan was "United We Run." (Full story)

Pollution from the World Trade Center disaster still climbs to hazardous levels on some days, authorities say. But while experts downplay the health risks to New Yorkers, environmental watchdogs express concern about long-term effects. (Full story)

High-rise office towers across the nation, especially those with public areas such as restaurants, stores and observation decks, have become security headaches for building managers and security personnel trying to monitor access. (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
Mark Green: Democratic candidate for mayor of New York
The New York mayoral election is November 6, and the winner of the election will begin a four-year term at the beginning of 2002.

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: According to New York City officials, 3,962 are missing, including the 157 people on the two hijacked planes; 490 bodies 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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