"Gauging the U.S. Economy"
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This paper analyzes Rob Norton's article "Gauging the U.S. Economy", which appeared in Business 2.0 magazine on September 14, 2002. The writer of this paper posits that it was written well, was very informative, and conveyed an accurate assessment of the economic condition of the United States in the wake of the September 11th terrorist attacks. The writer discusses how Norton presented the broad picture at first in order to establish a foundation for the article, displayed professional insight into the condition of the economy before the attacks in order to provide a context for the assessments that followed, and concluded on a positive note, which served to reassure troubled consumers and investors.
From the Paper:"Mr. Norton began the article by observing the national mood of concern for the future in all areas of American life, including the economy. In order to establish the thematic foundation for the rest of the article, he warned his readers right away that, "The immediate impact is pretty grim." He focused quickly upon the best estimates available at the time, and informed the readers of Business 2.0 that, "A preliminary estimate from Moody's predicted that insurance claims for the disaster will be in the range of $10 billion to $15 billion, and economists figure that disruptions in the air transport and securities markets have been deducting, respectively, $500 million and
$800 million per day from the economy." (Norton)
"Having examined some assessments by economic experts of the short-term implications of the attacks, Norton noted that the longer-term effects would be harder
to discern. He suggested the possibility that a bunker mentality might emerge and that consumer spending might plummet out of public fear of a wave of attacks, but cautioned that, "It will be days, if not weeks, before a trend emerges from the current confusion." (Norton)"
Cite this Article Review:
"Gauging the U.S. Economy" (2003, October 29) Retrieved February 27, 2020, from https://www.academon.com/article-review/gauging-the-us-economy-44419/
""Gauging the U.S. Economy"" 29 October 2003. Web. 27 February. 2020. <https://www.academon.com/article-review/gauging-the-us-economy-44419/>