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Disasters. 9/11. Facts about 9/11: Price tag of $700 million to clear and repair the Pentagon 91 baseball games were postponed in the six days Major League Baseball suspended play- longest postponement, excluding work stoppages for regular season games since WWII.
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9/11 • Facts about 9/11: • Price tag of $700 million to clear and repair the Pentagon • 91 baseball games were postponed in the six days Major League Baseball suspended play- longest postponement, excluding work stoppages for regular season games since WWII
15 million square feet of office space was lost at the WTC, more than 3x the amount of space at the Sears Tower in Chicago • 4,600 Pentagon workers had to be relocated temporarily • 1337 vehicles were crushed when towers collapsed
91 FDNY vehicles crushed (more than half of the fire vehicles in Louisville) • 1.5 million working hours during 261 days were spent removing debris at the WTC site
FBI assigned more than 2500 of its 11,500 agents to anti-terrorism operations • Half of Washington’s 25,000 hotel workers lost their jobs in September 2001- half of those were eventually rehired
Kejo- a police and military equipment seller, sold more than 1000 gas masks in September- up from the usual 100 a year • The Salvation Army served 3,231,681 meals at the WTC site from Sept 11 to May 30
70% of Americans say they have experienced depression since the attacks • New York State Office of Mental Health estimates more than 33,000 showed symptoms of PTSD
422,000 of New Yorkers suffering from PSTD as a result of 9/11
Monthly revenue for airport limos a month after Sept 11 fell from $666 million to $333 million nationally • Average daily take of the Afghan Grill in Edison , NJ dropped from $1300 to $100 a month after the attacks
$900 million raised by end of 2002 from Dept of Transportation’s $2.50 passenger ticket fee to help pay for aviation security • Emmys postponed twice- Sept 16, and Oct 7 (when US began airstrikes in Afghanistan)
October of 2001- 55,000 jobs were lost nationwide at eateries- nationally, restaurant sales declined $6 billion in Sept 2001 • Airline industry lost $5 billion from Sept 11 to Sept 30 and requested $24 billion in aid from federal govt
Because of tighter restrictions- drugs seized along border fell by 80% in two weeks after terrorist attacks • Donations of $1.88 billion related to Sept 11 accounted for nearly 1% of all charitable giving in 2001
Hotel occupancy dropped to 52.3% Sept 16-Sept 22 down from 25.9% from 2000 • 268 marriage licenses issued in Hawaii Sept 11 to Sept 18, down from 732 licenses issued the same week in 2000
The Tribute in Light- illuminated New York skyline nightly from March 11 through April 13- used $10,000 of electricity • TSA needs 67,000 employees to screen airline passengers and luggage (up from 23,600 from beginning of Sept)
New York City’s Verizon- 230 million calls a day the week after Sept 11- normal call volume was half of that • New York Stock Exchange- reopened Sept 17- half of financial district was without electricity and had to use generators
Centers for Disease Control and Prevention tested air at Ground Zero 1,174 times from Sept 18 to Oct 4 • 21 office buildings in Lower Manhattan (same number of buildings in Southtown section of Kansas City) were affected by attacks
By end of 2003- New York City had a loss of 57,000 jobs due to the attack • More than 700 businesses in the WTC complex (2x as many in Mall of America) either were destroyed or severely damaged- 22,000 people in Lower Man. Had requested job loss benefits 30 days after Sept 11
Broadway- made $9.6 million for the week ending Sept 9, 2001, for the week ending Sept 16, earned $3.5 million, and attendance dropped from over 100,000 to 65,155
Number of people who lost a spouse or partner in attacks- 1,609 • Estimated number of children who lost a parent- 3,051 • % of Americans who knew someone hurt or killed in attacks- 20%
Number killed in attacks- 2,819 • Firefighters and paramedics killed- 343 • NYPD officers- 23 • Port Authority police officers- 37
FDNY retirements Jan to July 2001 was 274 • FDNY retirements Jan to July 2002- 661 • Firefighters on leave for respiratory problems Jan 2002- 300
Dow Jones industrial average when NYSE reopened 6 days after attack dropped 684.81
Economics loss in New York in month following attacks- $105 billion • Estimated cost of clean up- $600 million • FEMA money spent on the emergency- $970 million • Amount donated to 9/11 charities- $1.4 billion
Amount of insurance paid worldwide related to 9/11 was $40.2 billion • Amount of money need to overhaul lower-Manhattan subways- $7.5 billion • Apartments in lower Manhattan eligible for asbestos cleanup- 30,000 • Only 4,110 of those have requested cleanup and testing
Immediately after 9/11- destruction of physical assets was estimated to be around $14 billion for private businesses • $1.5 billion for state and local govt enterprises, and $0.7 billion for federal enterprises
Rescue, clean up, and related costs- at least $11 billion • Total direct cost was around $27.2 billion
Impact was on insurance, airlines, tourism and other industries associated with travel, shipping, and defense/security spending • Developments in each of these areas have had a broader effect on wide areas of economic activity
Insurance losses from 9/11 estimated between $30 to $58 billion (losses from Hurricane Andrew came to around $21 billion)
Long term impacts of 9/11- higher operating costs for businesses (increase spending on security, insurance, and longer wait times)
Hurricane Katrina • More than 91% of oil production and 83% of gas production in the Gulf of Mexico region was shut down as a result • Damage to rigs and refineries also caused by hurricane
Major gateway for US agricultural exports- corn and soybeans • US exports a quarter of all grain it produces, and roughly 60% of that leaves the country through New Orleans and neighboring ports
Region contains 5 of the top 12 US ports- including South Louisiana, country’s top port by cargo volume • Imports arriving at Gulf ports include steel, rubber, coffee and fresh fruit
Freight transport companies were estimated to have lost $3 million to $4 million a day while ports were closed • No adequate substitute for Mississippi River as a shipping route • Cargos had to go by road and rail instead- which drove up cost
Consumers across US faced higher prices- Chiquita bananas and Folgers coffee just two of the brand names affected
Tourists spent $5 billion in New Orleans the year before the hurricane- this was half of Louisiana’s tourism income • Mississippi’s gambling industry hit hard- 12 floating casinos either heavily damaged or destroyed
Poorer residents who lack insurance- to be neglected • Low income housing is usually a low priority for redevelopers
Southern California Wildfires • 2007- fires could cost insurers $900 million to $1.5 billion • Fire in San Diego- likely to cost $600 million to $1 billion • Burned over 516,356 acres of land • Destroyed more than 2,013
Around 1 million people forced from homes • High value properties were most of the claims
7 deaths directly due to fire, 7 involving evacuees • 71 firefighters, 27 civilians had injuries • 1432 people evacuated to 13 shelters
Harris Fire- $9.7 million • Witch Fire- $11.3 million • Poomacha Fire- $5.2 million • Slide Fire- $8 million • Grass Valley Fire- $4.6 million • Santiago Fire- $7.9 million • Ranch Fire- $9 million
Rice Fire- $3.1 million • Buckweed Fire- $7.4 million • Canyon Fire- $5.8 million
1989 Loma Prieta Earthquake • Tuesday October 17, 1989 at 5:04 p.m. • 7.1 on Richter scale • San Fran Bay area located in seismically active region, North American and Pacific plates collide • 76 people killed by direct effects of quake, hundreds injured
Estimated cost of damages ranges from $5 billion to $10 billion • Most damage was concentrated in relatively few areas and much of the Bay area was fine
Marina district- worst impacted • 35 buildings in area destroyed • 150 structurally damaged • Santa Cruz- most of downtown mall and several hundred houses were either severely damaged or destroyed
Damage to chimneys, sidewalks, roadways, parking lots widespread in Bay area • Collapse of Cypress structure on Interstate 880 in Oakland • Portion of Highway 101 collapsed and severe damage to supports
Earthquake related damage can be attributed to fault rupture, severe ground shaking, landsliding, liquefaction • Rock avalanche- debris falling for two days
Earthquake caused damage for as far as 70 miles away • 1000 landslides and rockfalls • One slide disrupted traffic for about a month • Property damage estimated at $6 billion
Earthquake interrupted World Series • Quake occurred at rush hour, but many people had left work early or were participating in World Series after work parties- crowded highways were very light at the time