The Aftermath Of Terrorism:<br>The Good, Bad & Charitable
The economic outlook continues its downward spiral, but hope is in sight. Donations and contributions are made in memory of lost industry workers.
The shock of the deadly attacks of planes destroying the World Trade Center and damaging the Pentagon have left an emotional and economic imprint everywhere in the country, including the construction and pluming industry.
Just as August recorded $845.5 billion in total value of construction -- a 1 percent decrease from July and nearly a 3 percent drop from the year's high in April -- the attacks on the country are continuing the downward effect, almost guaranteeing lower revenues and profits. While the general overtones of the industry are similar to the national economic outlook, a drop in interest rates and the need for making buildings more secure could spur some construction spending.