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what about the economy anyway?

 
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the US economy was really bad before this incident and its even worse now. but everyone wants to avoid this subject. it is better to talk about the nice funeral ceremonies etc. everyone is in denial about it! it is like they think"oh, this is great, something to distract the people from the problems with the economy"
 
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i think it's more a case of, the state of the economy has little meaning right now when so many lives were needlessly lost.
I could potentially lose my job, because the European Economy has also been hit, and the airline industry, but to be honest, I don't care about that I'm still too much in shock about the attacks.
 
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Yeah, am also hurt but gotta carry on with my life so am concerned bout state of economy.
In India, its directly linked with US market and of course has been worse hit by these attacks (I believe Its India who is goona suffer the most, may be more than US). Here I fear of situation getting worse and may be layoffs in near future.
 
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well, the economy was really bad before World War II...
 
Randall Twede
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I just saw the headline in the Portland paper today. Boeing to lay off 30,000. I heard two major airlines say they are going to lay off over 10,000 each.
 
Angela Poynton
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American & United Airlines are going to lay off 40,000 people between them.
British Airways (who I work for) has just announced 7,000.
The commercial avaiation industry has been hit very hard by this, (as have other industries). The effect is global. I just took this from the BBC site.

Here is how airlines have been affected by the crisis:

American Airlines owner AMR Corporation, cut 20,000 jobs, shared between American and a number of smaller subsidiaries.
United Airlines cut 20,000 jobs.
Aircraft giant Boeing plans to cut up to 30,000 jobs by the end of next year.
US Airways cut 11,000 jobs and slashed its schedule by 23%.
Continental cut 12,000 staff, reduced its schedule by 20% and postponed the flotation of its ExpressJet unit.
United Airlines, Delta, Air Canada, American Airlines and American Air Trans all cut schedules by 20%.
Northwest said they would announce cutbacks later this week
Midwest Airways said it would abandon financial restructuring and proceed with bankruptcy immediately.
Avionics manufacturer Honeywell said it would eliminate 12,000 jobs, almost 4,000 more than previously announced.
British transatlantic carrier Virgin Atlantic shed 1,200 jobs.
Dutch KLM and Spain's Iberia both warned the attacks could lead them to report losses.
German Lufthansa cut three of its transatlantic routes and said it was freezing hiring.
Belgium's Sabena has said that it will not last beyond the end of the year unless it manages to restructure.
Scandinavia's SAS, which saw its entire board resign on Monday due to an unrelated cartel scandal, said it would cut capacity in relation to the US crisis.
Irish airline Aer Lingus announced that it was to cut its operations by 25% and would let go more than 600 temporary staff.
Air France said it was freezing hiring and retiring 17 planes from service.
Swissair said the freezing of air travel last week cost it 65m Swiss francs ($41m, �28m). It expects its transatlantic passenger numbers to fall 10-15%, and will announce restructuring measures in October.

[This message has been edited by Angela Poynton (edited September 20, 2001).]
 
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