ABSTRACT
THE SUCCESS of the terrorist attacks on the World Trade Center andthe Pentagon, on 11 September 2001 (henceforth, 9/11), has resulted in profound economic and social consequences for the United States. In addition to the loss of life and property, the total cost of the attacks is staggering. With the economy already on the brink of recession, the unemployment rate rose by almost one per cent.1 Some sectors bore the brunt of the loss in business and consumer confidence. Wall Street closed for a week; on its re-opening, various stock market indices fell substantially and investment funds seemed to dry up. The airline industry was temporarily shut down, the tourism industry was especially hard hit, and several airlines never recovered. The opportunistic anthrax attacks that followed caused major disruptions of the mail.
