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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Sep 12, 2001
Page
7
The Fed said it stood ready to pump extra money into the banking system to avert a recession as terror attacks hit Washington and shift consumer confidence. Analysts warned the economy could slip into a downturn despite Treasury and Fed actions and confidence from officials.
A Chicago Tribune report describes the U.S. response to the September 11 attacks as phone lines jammed and websites overloaded. Despite telecom strain, words and mass media kept families and businesses informed while the Internet and TV provided the clearest updates.
The article notes that core corporate continuity hinges on data backups and disaster recovery planning. Following September 11 2001 firms faced unprecedented moves of electronic operations to disaster recovery centers with as many as 30 to 40 companies previously, now potentially tripling that number.
The FAA ordered a nationwide grounding of outbound flights after the World Trade Center and Pentagon attacks. Airports limited access, scenes of destruction prompted heightened security and evacuations in cities from Boston to Seattle as investigators detailed the four hijackings and total passengers aboard.
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