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Book part
Publication date: 24 October 2003

Brent K. Marshall, J.Steven Picou and Duane A. Gill

The purpose of this article is to apply what social scientists have learned from decades of research on natural and technological disasters to better understand the short-term and…

Abstract

The purpose of this article is to apply what social scientists have learned from decades of research on natural and technological disasters to better understand the short-term and potential long-term human impacts of the 9/11 attacks. The short-term response to the 9/11 attacks was similar to how people and communities typically respond to natural disasters. One year after the attacks, news reports suggest that factors identified in technological disaster research as causing collective trauma, rather than recovery, are beginning to surface. We identify three patterns typically present in (but not restricted to) the aftermath of technological disasters that contribute to slow recovery and ongoing collective trauma and evaluate the likelihood that these factors will impact the recovery process for those impacted by the 9/11 attacks. We conclude that due to perceptions of governmental failure, the likelihood of protracted litigation, and uncertainty regarding the mental and physical health of victims, the social and psychological impacts of the 9/11 attacks will likely be severe and long-term. As such, the concluding section recommends the implementation of a long-term clinical intervention program for mitigating these potential chronic impacts and facilitating the timely recovery of survivors.

Details

Terrorism and Disaster: New Threats, New Ideas
Type: Book
ISBN: 978-1-84950-227-6

Book part
Publication date: 14 July 2006

David Ray Griffin

I argue that the official story about the collapses of the Twin Towers and building 7 of the World Trade Center, according to which the collapses were caused by fire – combined…

Abstract

I argue that the official story about the collapses of the Twin Towers and building 7 of the World Trade Center, according to which the collapses were caused by fire – combined, in the case of the Twin Towers, with the effects of the airplane impacts – cannot be true, for two major reasons. One reason is that fire has never, except allegedly three times on 9/11, caused the total collapse of steel-frame high-rise buildings. All (other) such collapses have been produced by the use of explosives in the procedure known as “controlled demolition.” The other major problem is that the collapses of all three buildings had at least 11 features that would be expected if, and only if, explosives had been used.

I also show the importance of the recently released of 9/11 Oral Histories recorded by the New York Fire Department. With regard to the Twin Towers, many of the firefighters and medical workers said they observed multiple explosions and other phenomena indicative of controlled demolition. With regard to building 7, many testimonies point to widespread foreknowledge that the building was going to collapse, and some of the testimonies contradict the official story that this anticipation of the building's collapse was based on objective indications. These testimonies further strengthen the already virtually conclusive case that all three buildings were brought down by explosives.

I conclude by calling on the New York Times, which got the 9/11 Oral Histories released, now to complete the task of revealing the truth about 9/11.

Details

The Hidden History of 9-11-2001
Type: Book
ISBN: 978-1-84950-408-9

Article
Publication date: 1 July 2005

Steven H. Appelbaum, Ethan Adeland and Jake Harris

Since 9/11, the world has been on alert and it is just a matter of time before a sports facility is targeted. No empirical studies have examined the stress levels of employees in…

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Abstract

Since 9/11, the world has been on alert and it is just a matter of time before a sports facility is targeted. No empirical studies have examined the stress levels of employees in sports facilities. Tangential studies will show, stress symptoms, changes in behavior and life style continued long after 9/11 to the point that it became a habit and no longer an isolated event. However, there is still the question of a secure work environment for the employees of these sports facilities. The current level of security being implemented in sport facilities is no longer sufficient to ensure the safety of employees, participants and spectators. Recommendations have been chosen carefully and are budget dependent. The implementation of biometrics will potentially reduce the stress levels of the targeted work environments by making it a safer place. The increased level of stress in the work environment has been partially reduced by several stress management techniques that include: task redesign, flexible work schedules, participative management, increased employee autonomy, employee fitness programs and open lines of communication to voice on going concerns to insure the safety of fans, athletes and employees. A conclusion is there is still a major concern of a secure work environment for the employees of these sports facilities at this date. This is the challenge.

Details

Management Research News, vol. 28 no. 7
Type: Research Article
ISSN: 0140-9174

Keywords

Article
Publication date: 3 May 2013

Gauri Sinha

The purpose of this paper is to explain the incompatibility of anti‐money laundering (AML) and counter‐terrorist financing (CTF) measures as a hasty over‐reaction after 9/11

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Abstract

Purpose

The purpose of this paper is to explain the incompatibility of anti‐money laundering (AML) and counter‐terrorist financing (CTF) measures as a hasty over‐reaction after 9/11, focusing on the compliance burdens that this imposes on the regulated sector, most notably financial institutions.

Design/methodology/approach

This paper explains the fundamental differences between money laundering and terrorist financing. It follows the evolution of the marriage between AML and CTF measures in the USA and the UK, comparing the pre and post‐9/11 phases. Consequently, the specific legal burdens placed on financial institutions as a result of this marriage are discussed.

Findings

The paper, while recognising the importance of targeting terrorist money, contends that inherent differences exist between money laundering and terrorist financing, and fusing them together is a hasty reaction to the 9/11 attacks. It argues that the need of the hour is to focus on terrorist profiling, rather than attempting to target terrorist financing through the AML regime. It also concludes that financial institutions are unfairly burdened with the task of “suspecting” terrorist funds, while receiving little or no guidance in this respect.

Originality/value

This paper is of value to governments, regulators, and financial institutions considering the effective implementation of the AML‐CTF regime in the UK and the USA.

Article
Publication date: 26 October 2020

Imtiaz Arif, Amna Sohail Rawat and Lubna Khan

This research intends to determine the role of terrorism in defying foreign direct investment (FDI) in top terror effected economies.

Abstract

Purpose

This research intends to determine the role of terrorism in defying foreign direct investment (FDI) in top terror effected economies.

Design/methodology/approach

Panel data on FDI and terrorism from top terror effected economies spanning from 1987 to 2018 were used and the relationship for whole sample was investigated. Later the sample period was divided into pre (1987–2001) and post 9/11 (2002–2018) subsample and same relationship was tested to investigate the normalization of terror effect on FDI. The method of Pooled Mean Group (PMG) was used to test the hypothesis.

Findings

The results showed a negative but statistically insignificant impact of terrorism on the FDI inflows in the long run. Later the sample period was divided into pre (1987–2001) and post 9/11 (2002–2018) subsample. The empirical estimates for pre and post 9/11 periods indicated a negative and statistically significant relationship between terrorism and FDI for pre 9/11 period, and a negative but statistically insignificant relationship between the two variables for post 9/11 period.

Originality/value

The findings suggest several important policy implications for the terror affected countries and are further discussed in the study.

Details

Journal of Economic Studies, vol. 48 no. 5
Type: Research Article
ISSN: 0144-3585

Keywords

Article
Publication date: 28 June 2011

Irene Goll and Abdul A. Rasheed

This paper aims to examine the effects of 9/11/2001 on strategic variability in the US air carrier industry. The paper also seeks to examine the role of firm size in these…

1669

Abstract

Purpose

This paper aims to examine the effects of 9/11/2001 on strategic variability in the US air carrier industry. The paper also seeks to examine the role of firm size in these relationships.

Design/methodology/approach

The paper tests two different perspectives on organizational adaptation to environmental jolts: the punctuated equilibrium model and institutional isomorphism. The two counter hypotheses predict either increasing or decreasing variability in strategic response to 9/11, respectively. This is a longitudinal study of the US air carrier industry. The sample includes the major, national, and large regional air carriers in the US from 1979 (post‐deregulation) to 2008. The data come from archival sources. The study includes measures of variability in differentiation and low cost strategies as well as scope.

Findings

Time series regressions examine the effects of the 9/11 jolt on business strategy variability in the majors, nationals, and large regionals. The results lend some support to both perspectives on organizational adaptation. Air carrier size had a significant relationship to strategic variability.

Originality/value

The paper studies the behavior of firms in the US air carrier industry following the terrorist attacks of 9/11/2001. It examines two different theoretical approaches to environmental jolts and should provide useful information to both academics and managers who are interested in the effects of significant environmental changes on the behavior of an industry.

Details

Management Decision, vol. 49 no. 6
Type: Research Article
ISSN: 0025-1747

Keywords

Article
Publication date: 1 March 2002

K.G.B. Bakewell

Compiled by K.G.B. Bakewell covering the following journals published by Emerald: Facilities Volumes 8‐19; Journal of Property Investment & Finance Volumes 8‐19; Property…

Abstract

Compiled by K.G.B. Bakewell covering the following journals published by Emerald: Facilities Volumes 8‐19; Journal of Property Investment & Finance Volumes 8‐19; Property Management Volumes 8‐19; Structural Survey Volumes 8‐19.

Details

Property Management, vol. 20 no. 3
Type: Research Article
ISSN: 0263-7472

Article
Publication date: 22 May 2009

Mahfuzul Haque and Imen Kouki

The purpose of this paper is to examine the volatility effects on the returns for six developed market indices factoring in the unprecedented event of September 11, 2001…

Abstract

Purpose

The purpose of this paper is to examine the volatility effects on the returns for six developed market indices factoring in the unprecedented event of September 11, 2001, hereafter referred to as 9/11, in the USA. It also looks at the correlations between the indices and the risk premium when uncertainty in the financial markets affects the investors psyche, eroding confidence as volatility increases.

Design/methodology/approach

The volatility of the indices in generalized autoregressive conditional heteroskedasticity (GARCH) framework, employing first the Box and Jenkins ARMA (p, q) to select models is investigated. The chosen models are based on the results obtained from Akaike information criterion and Schwartz Bayesian criterion. GARCH is a mechanism that includes past variances in the explanation of future variances.

Findings

The results highlight several findings, the variance of developed market returns appears to have increased after the 9/11 event; the correlation has increased among developed markets following 9/11; 9/11 affects developed markets, holding short‐term assets do not provide the investors with the reward they usually seek, but results are mixed in the case of holding long‐term assets; for all the period including sub‐period, signs of significant volatility clustering are found; but shocks are not explosive throughout.

Originality/value

The effect of 9/11 on the markets is different from previous worldwide crashes, such as that of October 19, 1987. This paper will be of value to policy makers and managers/institutional investors and those who have some stakes in international portfolio diversification, as the objective of diversification, is to avail the opportunity to improve portfolio performance on the low correlations across international stock markets.

Details

The Journal of Risk Finance, vol. 10 no. 3
Type: Research Article
ISSN: 1526-5943

Keywords

Article
Publication date: 1 March 2003

K.G.B. Bakewell

Compiled by Indexing Specialists (UK) Ltd covering the following journals published by Emerald:Facilities Volumes 8‐20; Journal of Property Investment & Finance Volumes 8‐20;…

Abstract

Compiled by Indexing Specialists (UK) Ltd covering the following journals published by Emerald: Facilities Volumes 8‐20; Journal of Property Investment & Finance Volumes 8‐20; Property Management Volumes 8‐20; Structural Survey Volumes 8‐20.

Details

Property Management, vol. 21 no. 3
Type: Research Article
ISSN: 0263-7472

Article
Publication date: 1 May 2002

K.G.B. Bakewell

Compiled by K.G.B. Bakewell covering the following journals published by Emerald: Facilities Volumes 8‐19; Journal of Property Investment & Finance Volumes 8‐19; Property…

Abstract

Compiled by K.G.B. Bakewell covering the following journals published by Emerald: Facilities Volumes 8‐19; Journal of Property Investment & Finance Volumes 8‐19; Property Management Volumes 8‐19; Structural Survey Volumes 8‐19.

Details

Journal of Property Investment & Finance, vol. 20 no. 5
Type: Research Article
ISSN: 1463-578X

11 – 20 of over 14000