This page has been archived and commenting is disabled.
Remembering 9/11: The 2nd Most Costly Catastrophe In The World
By EconMatters
Today marks the ten-year anniversary of the Sept. 11, 2001 terrorist attacks, and a decade of the lasting influence 9/11 has had on life, policy and culture worldwide. When the attack took place, I was on my way to work, and ended up turning back to home due to the resulted evacuation of the office as well as the surrounding area.
Like almost everyone else in the world, I was glued to the TV and just watched the whole event and the aftermath in total dis-belief that a few jihad extremists could have gained enough resources right in the United States to tear down the Twin Towers. The sense of fear and insecurity in the air was palpable.
The world grieved, and a chain of event was triggered in regulation, policy/procedure, and intelligence gathering on a worldwide basis. "War on Terror" led to the launch of U.S. military action against Afghanistan and Iraq, and debates over the alleged mis-treatment of military prisoners at Gitmo
Although the man who directed the attack--Osama Bin Laden--is now dead, killed by a U.S. Navy Seal team in Pakistan, the threat of Al-Qaida and many still active terrorist's cells remains as New York City and Washington DC were put on high alert after the U.S. government revealed a fresh terrorist vehicle bomb threat to take place on the anniversary of 9/11.
But for now, this is a time to remember and pray for the almost three thousand identified and unidentified victims. We may never gain our sense of security back, but at least the world is able to move on and remain resilient in the face of terror.
The graph by American Public Media quantifies the magnitude of the damage caused by the 9/11 attack. At $37 billion, 9/11 is the only non-natural-disaster-related event among the top 25 most costly catastrophes in the world from 1985 to 2010, out-ranked only by Hurricane Katrina in 2005.
© EconMatters All Rights Reserved | Facebook | Twitter | Post Alert | Kindle
»
- advertisements -
Learn some history. Rome collapsed when they reached so far that the only way they could continue to fight was by employing Germanic mercenaries to do their fighting for them; near the end, a mere 1% of the legions were recruited from the heartland.
Even your pathetic xenophobia parallels their decline.
i say bullshit to you. the link you gave is crap, why not use?
http://en.wikipedia.org/wiki/Fall_of_rome
the loss of empire is multifactorial but the parallels to the usa going down the pan are clear.
look around you... tattooed maniacs with nothing to do except eye up what you have. it can be seen on a local or global scale.
freddie is just coming round to my way of thinking from this thread.
http://www.zerohedge.com/news/charting-two-centuries-business-booms-and-depressions-1775-1944
I think you've missed the point. $37 billion barely covers a few years of Wall Street profits and bonus payouts. The true costs are the loss of Americans' freedoms and civil rights, entanglement in foreign military operations without end, the diversion of national and local law enforcement budgets into "anti-terrorism" and away from domestic crime, and the politicians general lack of focus on this country's economic, educational and health issues.
Your estimate of Wall Street bonuses is WAY low.
http://stopforeclosurefraud.com/2011/09/06/nassim-taleb-the-american-economy-will-transfer-5-trillion-to-banker-pay-and-bonuses-over-the-next-10-years/
9/11/2001 aftermath: THE Greatest Catastrophe!
The repudiation of our Constitution!
The surrender of liberty and ideals for security, vengeance, torture, and war!
The ascent of fascism and the UberState!
The end of my America!
You may like this book which analyses it well.
http://en.wikipedia.org/wiki/Griftopia
by 'vampire squid' taibbi
Inflation adjusted?
To gold?
LOL! Only 37 billion?!?!? Leo is that you? What about the cost of operations in Iraq and Afghanistan?
Yes; the article is absurd. The "cost" is almost in-calculable. The Irag adventure certainly has to be included.
Those 2 financed themselves with the found oil that was laying around over there.
Of course, that must be why oil is so cheap these days.
I didn't see Chernobyl or Fukashima. Maybe it's too early for Fukashima, but what is the price for losing the exclusion zone in both instances?
Oh, I see. The title of the article is "
Remembering 9/11: The 2nd Most Costly Catastrophe In The World"
But then in the fine print the author includes the word "insured". No problem. I just call "utter BS" on the whole article a give it a rating of "poor".
Hence the cost-effectiveness of assymmetric warfare.
I do not know how or when World War Three will start. I do not know exactly how the Soviet high command plans to make use of spetsnaz in that war: the first world war in which spetsnaz will be a major contributor. I do not wish to predict the future. In this chapter I shall describe how spetsnaz will be used at the beginning of that war as I imagine it. It is not my task to describe what will happen. But I can describe what might happen.
....
The plane takes off and disappears into the sky....The plane climbs to about 200 metres and immediately begins to descend in the direction of the White House. A minute later a mighty explosion shakes the capital of the United States. The screaming of sirens on police cars, fire engines and ambulances fills the city.
Three minutes later a second plane sweeps across the centre of the city and there is a second explosion in the place where the White House once stood...
- From GRU defector Viktor Suvorov's 1987 book, Spetsnaz. The Story Behind the Soviet SAS, Chapter 15: "Spetsnaz's First World War"
10 Years Later: Was Russia Behind 9/11?
Of course ! After the godless Soviet Union pulled out of Afghanistan and morphed back into old Russia, they smoozed with some of Allah's virgin seekers, convincing them to self-immolate themselves, while giving credit to a Saudi national. (NOT !)
In classic Russian fashion, they certainly will take advantage wherever possible, but no amount of vodka could get a Russian and a Saudi within a mile of each other.