Aftermath of Sept. 11 blows through labor market
Analysts warn the labor market faces a wave of layoffs as the Sept. 11 attacks deepen an already weak economy. Jobless claims reach their highest since 1992 with 248,332 planned September layoffs, 200,807 announced post attack, as manufacturing shed about 1 million jobs prior and likely continues to fade.
MENTIONED IN THIS ARTICLE
Gary Thayer
A.G. Edwards & Sons
New York
Washington
Challenger, Gray & Christmas
Economic upheaval after attacks and policy responses
Terrorist attacks trigger layoffs while August factory orders show little change at 332.6 billion dollars after a July dip. The Fed cuts rates by half point to a post-1962 low, Bush pushes accelerated tax cuts and rebates, and unemployment benefits may extend. New York leads in claims with 10,717 up, 4,800 tied to the World Trade Center disaster.
MENTIONED IN THIS ARTICLE
Commerce Department
Federal Reserve
Bush
Treasury
Treasury Department
New York
Mark Zandi
Economy
Japan
United States
Fed
David Wyss
Standard & Poor’s Co
Is the Fed Running Out of Ammunition in a Recession Threat
Washington economists debate if continued rate cuts can stave off a deep recession after nine cuts this year. Fed funds target dropped to 2.5 percent as confidence sinks post September 11. Analysts warn of liquidity traps and rising unemployment while fiscal aid looms.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Sung Won Sohn
Wells Fargo
Minneapolis
Central Bank
United States
Japan
Bank of Japan
Princeton
Paul Krugman
New York Times
Odessa couple reports loud bangs as man drives to home
A woman told police she heard two loud bangs as Minjarez arrived at 404 Whitaker Ave in Odessa, then a female scream and glass breaking before quiet. She described the home as the residence of Minjarez and noted the victim was “a very pretty girl.”
MENTIONED IN THIS ARTICLE
Minjarez
Whitaker Ave
Odessa
Capps
Smithsonian museum tours fall sharply in September
Attendance at Smithsonian Institution museums dropped 39 percent to 1.1 million in September from 1.8 million a year earlier. The decline followed the twin terrorist attacks in New York and Washington, with a 45 percent drop that month, officials said.
MENTIONED IN THIS ARTICLE
Washington
Smithsonian Institution
Smithsonian
National Air and Space Museum
National Museum of American History
New York
NATO allies grant U.S. request for military aid in war on terror
NATO nations agreed to open their airfields and ports to U.S. forces, deploy ships and AWACS planes, boost intelligence cooperation, overflight access, and embassy protection as part of a broad support package in the fight against terrorism following the September 11 attacks. The move, praised by U.S. envoy Nicholas Burns, specifies no time limit and aims to cover gaps if European troops are redirected. German Chancellor Schroeder also voiced confidence in victory.
MENTIONED IN THIS ARTICLE
NATO
U.S
Brussels
Belgium
United States
Washington
Europe
New York
Nicholas Burns
Burns
Osama bin Laden
al-Qaida
Mediterranean
Lord Robertson
France
Indian Ocean
Balkans
CNN
Larry King
Gerhard Schroeder
Schroeder
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