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Essay On POST WORLD TRADE CENTER ATTACK
“Terrorism, jihad, fundamentalism, blowback.” (Web 1) These and other highly charged terms have saturated news broadcasts and everyday conversation since September 11, 2001. But to keen ears their meanings change depending upon who’s doing the talking. So what do these words really mean? And what are people trying to say when they use them?
While the stock market was making its most perilous weeklong dive in 60 years following the attacks on the World Trade Center, some companies went against the trend in a rather big way. Raytheon, for example, which makes the Tomahawk cruise missile, went up 37% during the week. The stock of General Dynamics, another defense contractor, moved up more than 10%. And L-3 Communications, an aerospace and communications specialty company, saw its stock go from the low 60s to the mid 80s.
The trend is clear. While the horror of September 11 has slammed industries like airlines and insurance, companies in industries like defense, computer hardware, security and telecommunications could find opportunities for business in the post-attack economy. The coming months and years will call for lots of reconstruction, and demand will flow towards companies equipped to meet it. "Clearly some people are going to benefit from this tragedy," (Farber, 2001). A massive amount of stuff will have to be replaced, including a whole range of things that have to do with defense and security.
Spending on technology at the World Trade Center area alone may cost as much as $3.2 billion, $1.7 billion in hardware and $1.5 billion in software and services - according to a survey done by the Tower Group, an information technology research firm near Boston. But when you consider what other companies, otherwise not affected, might do to upgrade their own computer systems, especially in terms of security, over the next several months that number could be higher......
