How real do you think the terrorist threat is to the commercial sector? Explain and justify your opinion
In my opinion the terrorist threat to the commercial sector is a very real one which should not be overlooked. The commercial sector within the UK consists of a multitude of different industries that as a whole make up the UK economy, each industry conducts its business and trade by relying on the other to fulfill its supply and demand which is turn provides consumer confidence, that in itself is what the economy is based on which makes it susceptible and vulnerable whenever there is disruption to a sector
So what is the definition of terrorism, they are many varied descriptions and ideas of what people have labelled as terrorism, for
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The Economic consequences of terrorism (Lenain, P (2002) stated that Private businesses suffered profound destruction of assets that was calculated in national accounts to amass to $14billion, state and federal government enterprises suffered a loss in the region of $2billion, what was also astounding to read was that the rescue and clean-up costs totaled to an amount of at least $11billion.
The OECD report also explains how as a result of the attacks on both the US and UK, both counties have become more vigilant by increasing their border controls. This has slowed down the rate of supply at which goods are able to flow between countries and increased costs. Increased security checks at air, rail and seaports have seen delays for passengers and may impact the tourist industry as it impinges on travel plans. Many companies now choose to use video conferencing instead. The OECD goes on to explain that government spending policies have also shifted with more money now being spent on defense and security.
The Al Qaeda attacks on the World Trade center and Pentagon
Every year there is an increased rate of PTSD in veterans and is negatively affecting society in the U.S. today. In addition, security such as the TSA, NSA, and Homeland Security is engrained in the lives of U.S. citizens and immigrants. “The effects of the tragedy on travel and tourism continue to be felt today, however, in the form of higher travel costs, vastly stricter security and safety checks and procedures and the creation of the Transportation Security Administration (TSA)” (Burger). This demonstrates that society today has become more secure and willing to give up some privacy for safety. Another issue is the paranoia of terrorists in the United States.
The terrorist attacks on September 11, 2011 prompted the world to reevaluate and drastically modify airport and airline security. “Four targets had been chosen, all iconic American buildings that would send a clear message of the depth of their hatred for the United States. All four planes crashed, killing all on board—terrorists, crew members, and passengers, along with hundreds who were killed inside the structures, on the ground, and the men and women who ran into collapsing buildings in an effort to try and save others” (Smutz 1). As Jason Villemez said “the decade after the 9/11 attacks reshaped many facets of life in America” (Villemez 1). Before the attacks, people did not think that large
4) What has been the economic impact of terrorism on U.S. and Global Markets since
Government spending, whether for defense or heightened security, significantly increased following the attacks on September 11, 2001. The attacks, directly or indirectly, led to subsequent wars in Afghanistan and Iraq (Tilford). With additional spending for homeland security, a price tag of $5 trillion dollars has been attributed to the events of September 11th and its
Directly after the terrorist attacks, the government closed airports, canceling thousands of flights at a direct cost to airlines. Passenger travel fell drastically due to our air space being closed temporarily, but the main reason was the loss of consumer confidence. Airlines experienced roughly a 30% reduction in consumer demand immediately following the attacks.
Terrorism which usually rarely ever used to happen has recently happened to spike in targets for terror over the past few decades.From the more recent attacks in Berlin to the various assassination attempts on US presidents.It can already be seen as something that cannot be taken very lightly.As a result many terror attacks keep on increasing over the decades. In the past the major figures for terrorism were Osama Bin Laden and Al Qaeda. Even though Bin Laden died terrorism still continues and it can even be said some terrorists could see Bin Laden as martyr for his horrendous terrorist attacks upon the US.
Terrorism places fear into the minds of all and disrupts our everyday actions. Since the 9/11 attacks, airport security has dramatically changed within airports all over the world, sometimes causing longer delays, frustration, and a change to how or where we plan to travel. An attack on an airport is an attack on the gateway to the country in which the airport is situated, effectively shutting down travel (Rain 9) and commerce in that city. The possibility of additional attacks means that travel to other cities is also affected to some extent.
Terrorism is a word that is widely used in modern society even though most people don’t know the real definition and the meaning behind it.
manipulate us and change our behavior by creating fear, uncertainty, and division in society”. These
Terrorism is an act that threatens or carries out violence with the intention to disrupt, kill or coerce against a body or nation in order to impose will. This means that a lot of groups use this method to get what they want. The groups use a variety of methods, groups such as:
Imagine if you were an employee of a large credit card corporation such as Visa or MasterCard. You can make up to $90,000 a year but all of a sudden your bank account was $0.00 along with all your coworkers, bosses and the company stock dropped to zero. There would be panic, chaos and disorder due to everyone losing their money. The culprit of such a chaotic situation was a result of a cyber-attack by a hacker. The cyber attacker hacked into the system and caused the databases to transfer all of the money into some bank accounts elsewhere. This is just one example of cyber terrorism and all the damage it is can do to people lives. Businesses corporations are usually not targets of terrorism, but government databases usually are targeted. Cyber terrorist often try to hack into government databases and steal information that would be valuable to America but dangerous in the hands of terrorist. Through cyber-attacks information for nuclear weapons, shut down codes or other government secrets can be gained by a number of terrorist organizations. “ cyber-attacks on our nation private sector and government networks have increased dramatically in the past decade” ( www.fbi.gov) This increase in attacks means that there is a higher chance that terrorist can shut major power grids and leave millions without power or disrupt the stock market to cause mass panic in the
From the lips of the FBI, “Terrorism is the unlawful use of force or violence against persons or property to intimidate or coerce a government, the civilian population, or any segment thereof, in furtherance of political or social objective.” On September 11, 2001 the United States of America experienced such actions, it was the largest terror attack experienced by any country. The affect this had on America was tremendous,
Security checkpoints at airports will be monitored by FBI agents, not by hired people to monitor eye movements and other such behaviors in hopes of catching the "not typical but otherwise looks like a normal passenger" passenger. Carry on luggage will be effected severely as now, they will scrutinized with a fine tooth comb and no longer will they be so liberal on what can come on and what can not. The federal government will install the latest technology in bomb-sniffing, x-ray, and whatever other devices are available, to detect any explosive or incendiary devices checked on an airplane. With all these new regulations plus a list of similar ones, there will be several unpleasant side effects for the citizens of this country. Passengers should expect to arrive 2.5-3 hours in advanced to make sure you will make your flight. There will be a new security tax on all tickets which will up travel prices. In addition, more electronic gadgets, which are very often used by the business traveler of today and tomorrow, will be banned and strictly checked. However, the upside is that it should make citizens feel safer about traveling.
Think of the word terrorism. What is the first thing that comes to mind? One might think of kidnapping, assassination, bombing, or even genocide and guerrilla warfare. Because it is such a broad and complex issue, an all-encompassing definition is hard to formulate. The United States Department of Defence defines terrorism as…
Acts of terrorism has greatly affected multiple countries, including the United States. The horrific events that took place on 9/11 left the American people shocked, devastated, and furious. Many innocent American’s lost their lives on this infamous day. While airports and airlines are not free from security breaches, a set of new security measures and requirements have been implemented by the International Air Transport Association and the International Civil Aviation Organization (Beirman, 2011). Increased security at airports and airlines, have left terrorists to target more vulnerable areas such as tourist destinations. Attacking tourists’ spots such as hotels, restaurants, nightclubs, conference venues and other forms