The Latest Facts and Figures Six Months After
9/11
By Alfredo Lagos
Total Death Count:
- Official count of victims of the Sept. 11 attacks;
Sources: Defense Department, medical examiners, the courts, AP foreign
bureaus, companies, families, member newspapers, funeral homes and places
of worship.; The count does not include the 19 hijackers on the four planes.;
- TOTAL FROM ALL ATTACKS: 3,063; NEW YORK: 2,830; Includes
passengers and crew on:; AMERICAN AIRLINES FLIGHT 11: 92; UNITED AIRLINES
FLIGHT 175: 65; ; WASHINGTON: 189; Includes passengers and crew on:; AMERICAN
AIRLINES FLIGHT 77: 64; ; PENNSYLVANIA: 44; Passengers and crew on:; UNITED
AIRLINES FLIGHT 93: 44;
- The official classification of World Trade Center victims;
Source: New York City Police Department; COURT-ISSUED DEATH CERTIFICATES:
1,919; REMAINS IDENTIFIED: 753; CONSIDERED MISSING: 158; Of the 158 people
on the missing list, police estimate that at least 60 percent are most
likely dead, while the others require further investigation.
Carroll, Colleen et al. “The United States: Six Months after
the Attack.” St. Louis Post-
Dispatch 11 Mar, 2002, News Section: Pg. A1. Lexis-Nexis
Academic Universe: September 11th and Relief. Online. 03 March 2002.
NYC
Estimated Dollar Amount of Damage
- As of February 1st, the attacks caused an estimated
$83 billion in damage, and only about $50 billion will be covered by insurance.
Taxpayers may have to cover some of the rest
Hawley, Chris. “Globalization and Sept. 11 are pushing Wall
Street off Wall Street,
analysts say.” The Associated Press State & Local
Wire 1 Feb. 2002, State and Regional Section. Lexis-Nexis Universe: World
Trade Center, Firm and Tenant. Online. 20 Mar. 2002.
Displaced Tenants of the World Trade Center
According to Gary Stock of the Unblinking website,
the final tally of WTC tenants has not been completed as many sources of
information contained outdated tenant lists. On the day of the attacks
the number of tenants ranged from 435 to 500. By October 19th, the
number increased to at least 700.
Stock, Gary. (2002, October 14). List of Business Offices,
Tenants, and Companies in the
World Trade Center (WTC). UnBlinking.com [Online], 28
pages. Available:
http://www.tbtf.com/unblinking/are/2001/-09a.htm
[2002, March 4].
Estimated Job Losses in New York
- As of February 1st, analysts predicted Manhattan
would lose about 125,000 jobs after the attacks. Nearly 53,000 financial
services jobs were expected to move out of Lower Manhattan – the Wall Street
district – and 19,000 jobs had already left the city completely (Hawley,
2002, paragraph 9).
- By February 16th one in four jobs in downtown Manhattan
had disappeared—a job loss total that is thousands more than analysts had
predicted immediately after September 11th
Powell, Michael and Haughney, Christine. A Towering
Task Lags in New York, City
Debates Competing Visions for Rebuilding Devastated Downtown.
The
Washington Post.com [Online], Page A03. Available:
http://www.washingtonpost.com/ac2/…/A22040-2002Feb16?language=printe
[2002, February 25].
Estimate Loss of Office Space
As of March 11th, according to article “Return
to Downtown”, the destruction of office space due to the attacks equaled
about 12 million square feet at the WTC and damage to another 20 million
square feet in the surrounding area.
Wax, Alan J. and Diop, Julie Claire. “Return to Downtown;
Office leases are being
signed again, but revival will take a while.” Newsday
11 Mar. 2002, Business and Technology Section: Pg. D13. Lexis-Nexis Universe:
World Trade Center, Firm and Tenant. Online. 15 Mar. 2002.
Job Return and Relocation
- Restoring the infrastructure in itself will
not bring back the companies and workers who have relocated uptown or out
of New York. Just 20,000 of the 138,000 employees displaced by the attacks
have returned, according to a survey by Tenant-Wise.com, an online estate
agent Firms based in lower Manhattan have moved three in 10 of their workers
outside the city.
O’Cleary, Conor. “Memorial shines on empty spaces and survivors’
tentative steps to
recovery.” The Irish Times 13 Mar. 2002, Section: City
Edition; Business and Finance; On Wall Street, Pg. 17. Lexis-Nexis Academic
Universe: September 11th and Economic Impacts. Online. 31 March 2002.
FEMA Costs of Clean Up
In the first six months since the terrorist attack
on the World Trade Center (WTC), the Federal Emergency Management Agency
(FEMA) has obligated more than $603 million to the State of New York through
its Public Assistance program to reimburse state and city agencies for
response and recovery costs.
Funding in major Public Assistance categories
obligated to date include: $190 million for debris removal $384 million
for emergency protective measures, such as overtime for personnel responding
to the immediate event. $21 million to repair or rebuild damaged public
infrastructure. The remainder is for administrative costs paid to the grantee
and sub-grantees to handle the projects
This figure is expected to increase in the coming
weeks as FEMA completes final review on an additional $191 million in project
requests from the state and city of New York that have been received to
date.
Typically, the federal share of total eligible
costs is 75 percent, with the state and local government providing 25 percent.
In the case of the WTC disaster, FEMA is funding 100 percent of costs eligible
under the Public Assistance program, thereby relieving the state of New
York and New York City of any cost share.
Items eligible for funding in the case of the
WTC disaster include the removal of wreckage, destroyed vehicles and other
disaster-related material at and around Ground Zero, and emergency protective
measures such as search and rescue, firefighting, policing. Public Assistance
funds are also provided for long-term recovery efforts that include the
repair or replacement of roads, sidewalks, lighting and other street fixtures,
public buildings and equipment (including vehicles), sewer and water systems
on the perimeter of the WTC complex, and subways and PATH train stations
located under and near the trade towers.
Federal Emergency Management Agency. (6 March 2002). FEMA
Public Assistance
Program Rebuilds New York. FEMA.gov [Online], 2 pages.
Available: http://www.fema.gov/diz01/d1391.htm.
[2002, March 31]
Total Number of Applications for FEMA Assistance
To date, more than 36,500 people have applied for disaster
assistance using the FEMA toll-free number. (2002, FEMA, Pg. 1)
WTC Payouts
Months of furious and often heartbreaking debate over
the federal Sept. 11 victims' compensation fund ended yesterday with the
announcement of final regulations.
Eligibility: Injured survivors of the attack
and immediate families of deceased victims.
Average payment: $1.85 million before deductions.
Range of payments: A minimum of $250,000 after deductions
to more than $4 million.
Deductions include: Social Security payments to children,
life insurance, and federal and local death benefits for public employees.
Not deducted: 401(k) plans and other personal pensions,
life insurance premiums paid by victims, Social Security payments to a
spouse, charitable distributions, savings accounts and other items.
Noneconomic loss compensation: $250,000 for pain and
suffering of the victim, $100,000 to each spouse and child for pain and
suffering and loss of companionship.
Economic loss compensation: Will be based on each victim's
annual income and projections of future income.
Total cost of fund: $7 billion
Sherman, William. “Rules Set for WTC Payouts.” The
Daily News (New York)
8 Mar. 2002, Section: News: Pg. 22. Lexis-Nexis Academic
Universe: September 11th and Relief. Online. 31 March 2002.
Estimated Time of Clean-Up of WTC
As of March 11th, the cleanup of the Ground Zero site
is expected to be complete by the end of May. Plans to reopen the
No.1 and No.9 subway line stops will be completed later this year.
The reopening of the first downtown retailer was completed two weeks earlier
(Wax and Diop, paragraph 30).
The Nation
Economic Impact
The markets: Back to business
- Stocks have recovered from the terrorist attacks
- and then some. All three major indexes are above their level on Sept.
10, the day before the disasters.
- The Dow Jones industrial average is up 11 percent from
its pre-attack level. The S&P 500 is up 7 percent and the Nasdaq.
Composite Index is up a healthy 14 percent.
- Most of that recovery came in October, November and
December. The markets then retreated a bit before resuming a rally this
month on news of an improving economy.
- But consumers were back in the stores in October. Not
all retailers benefited: shoppers mostly spent money at discounters and
warehouse clubs, continuing a trend of frugality that started early in
the year. Mall-based stores continued to hurt.
- That trend carried on into the holiday shopping season.
Consumers procrastinated during the longer-than-usual holiday season, but
a surge in spending in the days leading up to Christmas gave retailers
a boost. The auto industry's zero-percent financing also pumped up auto
sales.
- Consumer spending has continued to accelerate this
year. Shoppers, though, are still thrifty; sales at department stores and
apparel chains lag behind their cheaper competitors. (2002, Carroll, Part
2)
Affect on Travel Industry
Travel: Still grim
- The travel industry was altered dramatically,
if not permanently, by the terrorist attacks. Hotels, resorts and cruise
ships saw occupancy drop to 20 and 30 percent in the months after Sept.
11. Businesses that already had reduced travel budgets because of the recession
made even further cutbacks.
- Airlines responded by eliminating flights, and cruise
lines pulled ships out of the Mediterranean and sent them to the Caribbean
and Alaska, which were considered safer.
- Despite deep discounts to lure back business, the rebound
over the holidays was temporary. And six months later, the industry outlook
remains grim.
- Some authorized wholesalers are seeing bookings down
from 30 to 35 percent over last spring, and summer, at this point, is looking
more like 40 to 50 percent."
(2002, Carroll, Part 3)
9/11 Fund
- The September 11th Fund's administrators will
set aside $250 million - more than half its collected donations - for future
needs related to the terrorist attacks.
- The charity, created by the United Way of New York
City and the New York Community Trust, raised more than $456 million after
the attacks on the World Trade Center and the Pentagon.
- Officials said they have given away $205 million, mostly
in cash assistance. The charity said it has helped 3,200 people who were
injured or lost a relative and 35,500 people left homeless or jobless.
- The United Way's decision sets it apart from the American
Red Cross, which controls the largest Sept. 11 charity. The Red Cross was
criticized for proposing to reserve more than $200 million in contributions
for future terrorist attacks and other programs unrelated to the Sept.
11 tragedy.
Lemire, Jonathan and Ingrassia, Robert. “$250 M Reserve
in 9/11 Fund.” The Daily
News (New York) 7 Mar. 2002, Section: News, Pg. 28. Lexis-Nexis
Academic Universe: September 11th and Relief. Online. 31 March 2002.
Casualties in Anti Terrorism War
31 Americans have died in Afghanistan and; eight in the
Philippines (2002, Carroll, Notes Section)
International Economic Loss
- The European Commission continues to take steps
to counteract the repercussions of the attacks in the United States on
the air transport sector. Following the emergency aid for insurance authorized
in recent months, (1) and similar aid which it has already authorized in
France (2), the Commission today authorized an aid scheme to compensate
UK airlines for losses caused by the closure of airspace between 11 and
14 September 2001. The UK scheme carries a budget of € 65 million
(£ 40million).
European Commission. (2002, March 12). Airlines: following
the attacks of 11 September
2001, European Commission authorises compensation of
up to Euro 65 million in the United Kingdom. Europa.eu.int [Online], 1
page. Available: http://europa.eu.int/rapid/start/cgi/guesten.ksh?p_action.gettxt=gt&doc=IP/02/395|0|RAPID&lg=EN;
[2002, March 31].
|