Urban Survival Secrets for Terrorist Attacks

Urban Survival Guide

Discover How You Can Easily Have A Survival Plan Staying Right Where You Currently Live That's Better Than Having. A Fully Stocked Rural Retreat That You Can't Get To! Finally Revealed: Urban Survival Secrets For Surviving Terrorist Attacks, Natural Disasters And Pandemics! In The Real World, Most People Don't Have A Fully Stocked Retreat They Can Escape To. Even If You've Planned Ahead And You Do, There's No Guarantee That You'll Leave In Time Or That You'll Be Able To Make It There. Your First Plan Must Be To Survive In Place. More here...

Urban Survival Guide Overview


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Forecasting Numbers Of Visitors

Good economic accounts data relating to tourism, which is clearly important, needs to be complemented by good data on the demand for tourism within the country. Visitor numbers can be notoriously volatile, especially in the face of natural disasters, or threats (real and imagined) of terrorism. The chapter by Chan, Hoti, McAleer and Shareef (Chapter 2) provides a relatively robust model for forecasting the impact and duration of shocks in terms of visitor numbers for small island economies. This is important not only for the private sector, but also for policy makers, who need to promote activities that can take up the slack in the economy in the event of a sharp fall in tourism.

The incentive to harbor terrorists

There is a spillover benefit from any effort to eliminate terrorism undertaken by an individual country. The elimination of any terrorist cell by any country reduces the threat to other countries. With many cases of spillover benefits, the resulting game in which the players are involved is a prisoner's dilemma. But not in the case of countries seeking to protect themselves from terrorism. When country X puts more resources into shielding itself from terrorism, country Y becomes more vulnerable, to the extent that terrorists shift their activities away from X and toward Y. The cost of attacking a country increases when that country increases its level of protection, and hence the probability of an attack on other countries increases. Because of the shift in terrorist activity, the specific benefits to country X when it retaliates for acts of terrorism increases with the level of retaliation by country Y. Even if X would not have an incentive to retaliate if Y did not retaliate, if Y...

Currency Trading Has a Long History

But in the late 1960s, the system began to break down, and in 1972, it was decided to let market forces determine exchange rates. It was the uncertainty created by this decision that led to the growth in currency trading. In the late 1990s, currency trading volumes declined because the euro eliminated trading among the 12 European Monetary Union (EMU) countries. Bank industry consolidation on a worldwide level has reduced the number of firms with a significant presence in the market. But after the September 11, 2001, terrorist attacks in New York City and Washington, interest rates in the United States and elsewhere fell dramatically. As business normality returned but interest rates remained at historically low levels, currency traders saw an opportunity. They engaged in ''carry trade'' they borrowed in a low interest rate country such as the United States (the fed funds rate was 1 percent) and invested in a

Notes on the Contributors

Schelling (born 1921) was for thirty years a professor at Harvard University and is now a professor at the University of Maryland. He is one of the most atypical of the great economists of the century in that he has not addressed traditional economic topics, but rather topics such as military strategy, arms control, nuclear proliferation, terrorism, organized crime, and negotiation and bargaining. In doing so, however, he developed ideas that are now applied widely throughout the social sciences. Although his main contributions have taken the form of the development of crisp, elemental ideas, he has eschewed the mathematical approaches typically used to formalize ideas. Schelling has been a (in many cases, the) leading pioneer in developing the following ideas coordination problems, focal points, convention, commitments (including promises and threats) as strategic tactics, the idea that strategic strengths that may lie in weaknesses and limitations, brinkmanship as the...

Limitations of the EMH

As far as the stronger forms are concerned, the stock market crash of 1987 destroyed much of the confidence in the EMH there seemed to be no fundamental change in conditions that could have caused a more than 20 per cent change in valuation over a weekend. In the crash, or slide, which began towards the start of 2000 there was again little evidence of any change in economic fundamentals. Such an event could not really be claimed until the terrorist attacks on the United States in September 2001. By mid-2002 the value of the NASDAQ index had fallen over 70 per cent from its peak two and a half years earlier, while the less sensitive S & P 500 had fallen over 30 per cent. The US economy, however, was still growing at 4 per cent a year over the same period. Yet pundits are claiming that the markets are still generally overvalued in the United States, in terms of price earnings (p e) ratios. One problem here concerns the measurement of earnings, discussed earlier p e ratios are highly...

The Great Bull Market

The period from 1981 through 2001 includes the extraordinary bull market that ran from late 1982 into the early part of 2000, and then the more recent environment that includes both the tech wreck that began in early 2000 and the terrorist attacks of September 2001. Figure 1-4 shows annual returns for the S& P 500 and the Nasdaq Composite during this period. There is a venerable Wall Street saying What can't go on forever, won't. And so it didn't. The technology euphoria came unglued in March and April of 2000. The Nasdaq fell 60.5 percent (unannualized) between April 2000 and August 2001. And then the coup de grace was administered by the terrorist attacks in September 2001. Stock markets were shut down for four days after the attacks, then declined 11.6 percent in the five days after reopening. The era of political tranquility that began with the fall of the Berlin Wall was decisively finished.

Other Responsibilities

The Bank is intensively involved domestically and internationally with various institutions and other central banks in order to maintain financial market stability. In this regard, the Bank is vigilant in promoting initiatives that would strengthen the financial system. And, of course, the Bank is prepared to handle any financial crisis that might arise and is the financial system's lender of last resort.'' The former was apparent after the September 11, 2001, terrorist attacks when the Bank cooperated fully with the Federal Reserve and other central banks to ensure financial market stability and liquidity in the immediate aftermath. The Bank compiles and publishes monetary and banking statistics.

Some difficulties in the existing theory of externalities

At the time that I was writing this chapter the United States was full of prominently displayed American flags as a result of the terrorist attacks on the World Trade Center. A Mrs. Parrot erected a ten-foot flagpole in her front yard, landscaped its base and raised an American flag. She was a citizen of a condominium, which had a rule against flagpoles in the yard although not those attached to the house. Rather to my astonishment, and that of most other people, I suspect, the condominium association began legal proceedings against her. Her immediate neighbors did not object to the flag and in the current patriotic mood it seems unlikely that anybody much really objected. Nevertheless the condominium association governors objected and sued.5

IF Its Worth Doing Its Worth Doing Imperfectly

Earning straight As. Being completely organized Cleaning your apartment until it sparkles. Making automobiles completely safe. Making airplanes fully secure against terrorist attacks. All of these are worthwhile goals, right Well, they are until you consider the costs of actually achieving them. The heading for this section is. of course, a play on the old saying, If it's worth doing, it's worth doing to the best of your ability. Economics suggests, however, that this is not a sensible guideline At some point, the gains from doing something even better will not be worth the cost It will make more sense to stop short of perfection.

Microeconomic Forecast Problems

This is not to say that precise microeconomic forecasting is easy. For example, in August 1999, Standard and Poor's DRI forecast new car and light truck sales of 15.7 million units for the 2000 model year. This was a reasonable number, and within the 15.3-16.0 million unit range of forecasts provided by the University of Michigan, Blue Chip Economic Forecasters, and others. Unfortunately, in September 2000, all such forecasts proved too conservative in light of the 17.2 million units actually sold in a robust economic environment. Undaunted, forecasters expected unit sales of 16.1 million in 2001 and 16.8 million in 2002. Those numbers looked good, until terrorist attacks in New York City and Washington, DC, on September 11, 2001, sent new car and light truck sales into a tailspin as consumer confidence plummeted. At that point, it became anybody's guess as to how long it would take for consumer confi

Comparison With Public Choice

Transfer of wealth from taxpayers to a special-interest group, while privately lending it support because of the political benefits it brings him. Or, he may actually favor a new a crackdown on illegal immigration because it ensures him the support of labor unions, but publicly announce that it is a precaution against domestic terrorism. There is deception or hypocrisy involved here, as the larger public interest is covertly sacrificed for more narrowly personal political gain. This orientation, combined with its microeconomic foundation, means that public choice recognizes a governmental failure when hypocrisy produces deadweight losses in equilibrium.

Box 83 Pharmaceutical flip flops and the TRIPS agreement

Discourse on this topic further changed with the terrorist attacks on the United States and a subsequent scare over an anthrax epidemic in 2001. The US Secretary for Health and Welfare demanded a lower price from the makers of Cipro, a powerful antibiotic, to be able to address this emergency. Many developing countries noted that

The Medias Impact on Politics and Government

TV and Leaders The first televised presidential debates occurred in 1960. They pitted a campaign-weary Richard Nixon against a youthful and witty John F. Kennedy. Kennedy won the election. After the terrorist attacks in 2001. President Bush appeared on national TV and calmly reassured the public. Why do you think a government leader's manner on TV is important to public opinion

International Donors And Villages Like Sauri

This is all the more remarkable since Kenya is a new and fragile democracy that should be receiving considerable help from its development partners. Kenya, ironically, is also a victim of global terrorism, caught in a war not of its own making. U.S. and Israeli targets on Kenyan soil have been hit in recent years, sending Kenya's tourist industry into a downward spiral and causing hundreds of deaths of Kenyans and massive property damage.

The Diversity of Americans

Migration, patriotism, terrorism Consider the events of September 11, 2001. On that day, suicide hijackers launched devastating attacks on New York City and Washington, D,C, These were acts of terrorism the use of violence by-groups against civilians to achieve a political goal. Americans, however, responded with courage and unity.We joined together to help people in need, repair the damage, and reaffirm our commitment to freedom. 1. Key Terms In a paragraph compare the terms patriotism and terrorism. Explain how thoy relate Lo each oilier. 1. Key Terms In a paragraph compare the terms patriotism and terrorism. Explain how thoy relate Lo each oilier.

A survey of the existing system

In general, inoculation or other preventative measures, involving putting something into your bloodstream, do have their dangers. Normally these dangers are very small but not zero. A worldwide campaign to wipe out smallpox by inoculation of everyone within many miles of a given case was highly successful. Unfortunately some nations retained the virus for possible use in future wars. As another unfortunate characteristic, the inoculation process carried a small but non-zero possibility of serious illness. In consequence, the rules which existed when I was a child, requiring every baby to be inoculated were removed because the danger from them was thought to be greater than the danger from the almost-totally-eliminated virus. Today the danger is returning as part of the possibility of terrorism. It is now very difficult for governments to compel people, particularly adults, to get the inoculation and hence there may be a recurrence of this particular plague. No

The Bioeconomics Of The Ehmg As Adaptive Units Morality And Group Selection Theory

As a founder of bioeconomics, Hirshleifer would surely have added bio-economics. Nowhere is the need to do ''good economics'' more urgent than doing the social science and bioeconomics of the EHMG which by its very nature is interdisciplinary in nature, comprising of all of the social sciences and beyond to biology bioeconomics exchange theory in economics, ethnic and culture studies in anthropology, network studies in sociology, ''Social Identity Theory'' in social psychology literature6 and the comparative study of different political systems in political science. In the process of developing aspects of my empirically grounded theory of ethnic trade networks EHMG spanning a period of twenty-five years, I have contributed in some small way to the integration of the social sciences with evolutionary biology via an expanded notion of ''institution''. This interdisciplinary approach has provided me with understanding the bases of foreign middleman success in many less-developed...

The Dollar Exchange Rate And The Us Economic Slowdown Of 20002001

The dollar was falling again by August 2001 but the September 11 terrorist attacks on New York and Washington caused an appreciation despite another interest rate cut by the Fed. The two factors influencing expectations of future exchange rates were basically the same as those operating at the start of President Bush's administration nine months earlier. The military and security response to the attack was sure to involve a large fiscal expansion. In addition, markets realized that even though it was the United States that had been attacked, major industrial economies abroad were even more vulnerable to disruption.

The State of the Nation

The domestic political scene remains stable in Saudi Arabia. With the economy performing unusually well and living standards improving visibly across the board, the ruling Saud monarchy continues to enjoy unchallenged political authority. The determination of the Saudi authorities to combat terrorism has also yielded material results, improving security conditions across the kingdom. And the succession problem has been resolved, with King Abdullah replacing the late King Fahd in mid-2005.

Economics and You

National defense is the second-largest category of Federal expenditures. The original FY 2002 budget set defense spending at about 16.3 of every federal dollar spent. Because of the cost of the war oil terrorism that began in late 2001, though, chc amount actually spent was higher. President 13ush requested S396.1 billion for defense

Failures of market selfregulation

Moreover, the combat of money laundering by governments leads to the destruction of financial privacy. Note that countries like Switzerland that have maintained financial privacy for their citizens, have lower crime rates than the United States, and Swiss citizens are no more subject to terrorism than American (Rahn 1999 109-12). The fact is that the fears of both sides are correct. This fact does not justify imposing further restrictions on legitimate money tranfers by honest citizens to the detriment of our liberties.

Taking Up The Challenge

As global prosperity has accelerated in the past two centuries, each generation has been called upon to meet new challenges in extending the possibilities of human well-being. Some have faced the harrowing challenge of defending reason itself against the hysterias and mass brutalities of communism, fascism, and other totalitarianisms of the twentieth century. Others have been blessed with the opportunity to expand the ambit of human freedom and reason, spared from war and equipped with increasingly powerful tools to improve the human condition. Our own generation lives with a precarious peace, one threatened both by terrorism and by the overly militaristic response of the United States, but a peace on which we can build if we can sustain it. Ending poverty is the great opportunity of our time, a commitment that would not only relieve massive suffering and spread economic well-being, but would also promote the other Enlightenment objectives of democracy, global security, and the...

Neoclassical Economics Today

Where does economic thinking stand today We have seen throughout this history of the Big Three that each economist has at times stood taller than the other two. During times of strong economic performance, Adam Smith has been on top during crises and depression, Keynes and Marx have stood out. Since the end of World War II, we have seen a gradual advance in esteem for the founder of modern economics, Adam Smith, and this despite occasional monetary crises, recessions, natural disasters, terrorist attacks, and complaints about inequality, trade deficits, and wasteful government programs.

Postmortem Kerry Could Have Been Somebody

The chattering classes said it would help Bush (a reminder of the terrorism threat) or it would help Kerry (a reminder that the al-Qaeda leader is still at large). Osama failed to stage any terrorist attacks at the Summer Olympics in Greece. He was MIA at the Democratic and Republican national conventions in Boston and New York, respectively. And his experiment at influencing elections has been limited to Spain so far.

Prospective issues in international economic policy in the next decade

11 Will the war on terrorism and other difficulties between the middle east and the west cause a disruption of international financial markets Can the techniques which terrorists use to secretly move money internationally, as discussed in Chapter13, be unraveled and ultimately be stopped Will the 2003 invasion of Iraq ultimately result in stability in Persian Gulf oil production, upon which so many countries critically depend, or will it be a prelude to more troubles and supply interruptions in the region

The Enron Scandal and the Stock Market

In 2001, two big shocks hit the stock market the September 11 terrorist attacks and the Enron scandal. Our analysis of stock price evaluation, again using the Gordon growth model, can help us understand how these events affected stock prices. The September 11 terrorist attacks raised the possibility that terrorism against the United States would paralyze the country. These fears led to a downward revision of the growth prospects for U.S. companies, thus lowering the dividend growth rate (g) in the Gordon model. The resulting rise in the denominator in Equation 5 would lead to a decline in P0 and hence a decline in stock prices. Subsequently, the U.S. successes against the Taliban in Afghanistan and the absence of further terrorist attacks reduced market fears and uncertainty, causing g to recover and ke to fall. The denominator in Equation 5 then fell, leading to a recovery in P0 and a rebound in the stock market in October and November. However, by the beginning of 2002, the Enron...

The Logic Of Politics And The Logic Of Reform

23 The events in Peru with President Alberto Fujimori announcing a self-coup on 5 April 1992 are a contemporary case of an authoritarian coup in the name of liberalization. His stated intention is to push through economic reforms, stop terrorism, write a new democracy and establish in Peru a vibrant democracy. See The Economist (11 April 1992) 41.

Structural Design

Maintenance difficulties encountered with floors and roofs should be given particular attention in a structural design. Concrete floors are used extensively in the process industries, and special cements and coatings are available which make the floors resistant to heat or chemical attack. Flat roofs are often specified for industrial structures. Felt saturated with coal-tar pitch combined with a coal-tar pitch-gravel finish is satisfactory for roofs of this type. Asphalt-saturated felt may be used if the roof has a slope of more than in. ft (4.17 cm m).

European Union

The Treaty on European Union, signed at Maastricht (in the Netherlands) in 1991, formally established the EU as the successor to the European Community. Maastricht expanded the concept of union into new areas. It introduced a common foreign and security policy and moved toward a coordinated policy on asylum, immigration, drugs, and terrorism. EU citizenship, which allowed people to move freely between Member States, was created. Crucially, it established the timetable for economic and monetary union and specified the economic and budgetary criteria that would determine when countries were ready to join.

Nonus Investors

Some people think of offshore funds as tax-evasion devices, but this is not the case. Offshore funds accept assets that are already not liable for taxes in the investor's home jurisdiction. No doubt, there are situations in which investors are using offshore funds as a place to invest flight capital that should not have left the home jurisdiction. And no doubt there are situations in which investors are failing to pay taxes in their home jurisdictions that they ought to pay. Due in part to the terrorist attacks in September 2001, there is increased concern about money laundering and tax evasion, so offshore funds are under increased pressure to observe one of the basic rules of the money management business Know your customer.


Recessions can be caused by any serious unanticipated economic or political event. For example, recessionary fears increased considerably following the tragic events of September 11, 2001. The terrorist attacks on New York City and Washington, DC, took an enormous human and economic toll. The U.S. economy is roughly 28 percent of global GDP. New York City alone con In trying to assess economic consequences from the September 11, 2001, tragedies, it is important to understand economic conditions at the time of the crisis and how the economy has responded to adverse shocks in the past. Prior to the terrorist attacks, highly stimulative monetary policy in the United States pointed to recovery. Various leading economic indicators were starting to improve, but remained below the highest values reached during January 2000. The Coincident Index of The Conference Board's Business Cycle Indicators clearly reflected tensions present in the U.S. economy when the tragedy took place. At that time,...

Fear And Greed

To identify a panic, we need go back only to September 2001, when terrorist attacks on the United States injected a wholly new level of fear into the financial markets. Investors accustomed to worrying about their pocketbooks were suddenly worrying about their survival. There were brave contrarians who smelled the fear in late September and decided that a major investment opportunity was being created. It remains to be seen whether their courage will be rewarded. But the buyers of late September showed real courage. They weren't just leaning over to pick up 100 bills.

Cong Ratu Lations

The current interest in hedge funds reflects disenchantment with index-tracking strategies. Every investor now knows, viscer-ally, that index tracking is not a strategy for all seasons. But hedge funds represent the opposite end of the spectrum. There are many styles of active management that lie between pure indexing and hedge funds. If equity markets remain challenging in the aftermath of the tech wreck, the terrorist attacks of September 2001, and the corporate scandals of 2002, then investors will become more interested in many different forms of investment management that are not totally benchmark driven. Hedge funds are an important part of that world, but hardly the only part, or the most important part.

Metallist E4

Mexican peso crisis (F3) The devaluation of the peso in December 1994 and its aftermath in 1995. Dramatic political events, including an armed insurrection, the killing of leading politicians, terrorism and the kidnapping of leading businessmen preceded a speculative attack on the currency and subsequent financial crisis. Mexico's fixed exchange rate regime made its currency vulnerable.


First is the policy perspective on safety and environmental protection. While national security (with a focus more on military mobility than terrorism at that time) was frequently addressed in the various shipping policy analyses undertaken by Canada, little consideration was given to the potential safety and environmental risks inherent in the expanding use of open registry vessels. Perhaps this may be attributed to the fact that Canada, indeed the whole of North America, did not fully appreciate the massive scale of potential environmental disasters until the Exxon Valdez incident off Alaska in 1989. On the other hand, Europe's concern was raised repeatedly as a result of the Torrey Canyon (1967), the Amoco Cadiz (1979) and subsequently the Braer (1993). Europe has continued to be preoccupied with reducing its exposure to the risks inherent in the operation of poor quality ships around its shores. The recent sinking of the Erica and the Prestige, and the extensive damage that their...

Offshore Funds

The world of offshore funds has attracted increased scrutiny since the terrorist attacks of September 2001. There are new levels of concern about money laundering and tax avoidance. Managers of offshore funds are under increased pressure to follow various know-your-customer rules.

Greenspans Bubbles

When Greenspan left office, he did so trailing clouds of glory. Alan Blinder of Princeton University pronounced him possibly the greatest central banker in history. When Greenspan made one of his final appearances before Congress, he was hailed virtually as a monetary messiah You have guided monetary policy through stock-market crashes, wars, terrorist attacks and natural disasters, declared one congressman. You have made a great contribution to the prosperity of the U.S. and the nation is in your debt.


It would be misleading, however, to assess the economic impact of immigration solely in terms of its positive contributions. Immigrants have also brought diseases, crime, internal strife, and terrorism. Nor can all immigrants be lumped together. When only two percent of immigrants from Japan to the United States go on welfare, while 46 percent of the immigrants from Laos do, there is no single pattern that applies to all immigrants. There are similar disparities in crime rates and in other both negative and positive factors that immigrants from different countries bring to the United States and to other countries in other parts of the world. Everything depends on which emigrants you are talking about, which countries you are talking about and which periods of history.

Why We Should Do It

Why should we Poverty is not our problem it is theirs. What can the poor do to us, or for us When has any country done anything out of altruism for others How can we fight poverty when we have to fight terrorism How can politicians ask the public to give more for Africa when the public is already feeling squeezed economically These are questions I hear daily.

James M Buchanan

The world today is quite a different place. The USA, and Western civil order more generally, faces a categorically different threat. The terrorists of this new century seek to destroy our whole civil order. And they do have an alternative order to impose on us after our whole structure of interaction collapses. We do not need further examination of what internal anarchy might produce. We do need, and desperately, hard-headed analysis of what terrorism might produce and how it might be fought by persons in a society that respects personal liberties. Perhaps the primary modern usefulness of the reexamination and extension of the earlier analyses of anarchy lies in an appreciation of its obvious linkage to the events of its time. The earlier program reflected academic responsibility at its best. A modern emulation of the spirit of that program would involve the launching of a comparable effort directed toward diagnoses and analyses of terrorism. Such an effort might, indeed, involve...

Demand and Supply

For example, U.S. stock markets plunged an unprecedented 684.81 points on Monday, September 17, 2001, following the resumption of trading after terrorist attacks in New York City and Washington, DC. Those attacks left thousands dead and millions of investors understandably nervous about the economy and a potential meltdown in investor confidence. Securities markets fell sharply as investors worried that the attacks could chill consumer sentiment and throw the world economy into recession. In the currency market, the dollar plunged more than three yen, from roughly 120 yen per dollar to 117 yen per dollar, to its lowest level in nearly seven months.

RJmsricans in Action

Why do some CDs cost more than others Why does the price of video rentals go down when another video store opens in the neighborhood One of the factors that has an effect on price is demand. A November 2001 news story discussed how demand and other factors affected the price of gas Among early holiday gifts this season is the lowest-priced gasoline in three years. Memo to consumers Don't get used to it. The falling prices are a matter of supply and demand. Supplies are plentiful because petroleum-exporting countries can't agree to cut production and refineries have been humming. But demand Is down because of the economic downturn in this country and abroad. Moreover, fears about terrorism have curtailed the appetite for travel . But . . . prices will not remain low. They will climb again when demand Increases or If production is scaled back

Risk Analysis

Then, to make a bad situation worse, the terrorist attacks of September 11, 2001, on New York City and Washington, DC, sent a shiver through global financial markets that caused a plunge in both consumer confidence and retail sales. Add in a currency crisis emanating from Argentina and other emerging markets, and the essential elements fell into place for a sharp economic downturn in the United States, Europe, and Asia. Against this background, managers faced a host of vital decisions necessary for shrewd risk management. Will savvy risk management by public officials and business leaders bring a quick return to prosperity, or will decision makers stumble and see economic recession spread around the globe Time will tell, but stock-market investors were clearly hedging their bets during early 2002.1

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