03-10-2009, 11:31 AM
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Confirmed User
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Join Date: Dec 2004
Location: Denver
Posts: 6,559
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How much did the September 11 terrorist attack cost America?
Quote:
Counting the value of lives lost as well as property damage and lost production of goods and services, losses already exceed $100 billion. Including the loss in stock market wealth -- the market's own estimate arising from expectations of lower corporate profits and higher discount rates for economic volatility -- the price tag approaches $2 trillion.
Among the big-ticket items:
The loss of four civilian aircraft valued at $385 million.
The destruction of major buildings in the World Trade Center with a replacement cost of from $3 billion to $4.5 billion.
Damage to a portion of the Pentagon: up to $1 billion.
Cleanup costs: $1.3 billion.
Property and infrastructure damage: $10 billion to $13 billion.
Federal emergency funds (heightened airport security, sky marshals, government takeover of airport security, retrofitting aircraft with anti-terrorist devices, cost of operations in Afghanistan): $40 billion.
Direct job losses amounted to 83,000, with $17 billion in lost wages.
The amount of damaged or unrecoverable property hit $21.8 billion.
Losses to the city of New York (lost jobs, lost taxes, damage to infrastructure, cleaning): $95 billion.
Losses to the insurance industry: $40 billion.
Loss of air traffic revenue: $10 billion.
Fall of global markets: incalculable.
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http://www.iags.org/costof911.html
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