|
Online edition of India's National Newspaper Monday, September 17, 2001 |
|
Front Page |
National |
Southern States |
Other States |
International |
Opinion |
Business |
Sport |
Entertainment |
Miscellaneous |
Features |
Classifieds |
Employment |
Index |
Home |
|
International
| Previous
| Next
Post-strike scenario: Administration weighing various options
By Sridhar Krishnaswami
WASHINGTON, SEPT. 16. Normality is a long way off in the U.S.,
especially in New York and Washington. All indications are that
in spite of the best efforts to get back to the normal scheme of
things, it is not going to be easy.
There are two ways in which the administration is looking at
things. On the one hand, some are insisting that the normal
schedules be started from Monday, the rationale being that an
impression must not be given to the ``enemies'' that the U.S. can
be brought to a grinding halt.
On the other hand is the notion that things cannot be brought
back on schedule in such a short time. These are extraordinary
times and it would take time for the country to bounce back. The
football and baseball games, cancelled since last Tuesday, may
resume tomorrow but the same cannot be said in a more general
sense.
In Washington, for instance, there is loud thinking on whether
the Reagan National Airport will ever be opened to normal
traffic. The prestigious airport has the severe limitation of
being so close to the seat of Government - the White House,
Capitol Hill and the Pentagon.
One thinking is that bigger airplanes may be banned from the
airport, letting the Dulles International take on the additional
burden. In fact, the law-makers from far away areas had insisted
on long-range flights at Reagan National giving them near direct
links to their constituencies. Now, it is clearly seen as a
liability in the context of the terror that has been unleashed.
As New York clears the rubble, all eyes are on the financial
markets which open for trading on Monday. Both the New York Stock
Exchange and the Nasdaq have finished the test runs of their
computers and communication systems so that trading can resume.
The airline industry, which has taken a tremendous financial hit
in the last several days, has already started responding by way
of announcement on layoffs and cuts in management operations. The
industry was already under some strain and the thinking is that
the state of the economy, the terrorist hits and uncertainties in
air travel will make the problem worse.
Congress, which was quick to grant the President, Mr. George
Bush, emergency appropriations for recovery and security to the
tune of $ 40 billion, does not seem to be inclined to put
together a package for the airline industry. The chairman of
Continental Airlines has said that since the industry is in an
unprecedented financial crisis, it needs immediate Congressional
action ``if the nation's air transportation system is to
survive.''
The law-makers are looking at many ways of assisting the airline
- aid,loans and legislation for limited liabilities for air
crashes. The amount of assistance being discussed is in the range
of $ 2 billion to $ 12 billion. Congressional action, or the
basis for one, is expected to come up this week.
The Bush administration has not said anything on the issue. The
Secretary of Transportation is expected to meet the airline
executives this week.
Send this article to Friends by E-Mail
|
|
Section : International Previous : BBC apologises for 'anti-U.S.' show Next : FBI to question detained 'Indians' | |
|
Front Page |
National |
Southern States |
Other States |
International |
Opinion |
Business |
Sport |
Entertainment |
Miscellaneous |
Features |
Classifieds |
Employment |
Index |
Home | |
|
Copyright © 2001 The Hindu Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu |
|