Re: Natural disasters and the world trade center

To: mosler@xxxxxxxx, "pkt@xxxxxxxxxxxxxxxx" <pkt@xxxxxxxxxxxxxxxx>
Subject: Re: Natural disasters and the world trade center
From: "Henry C.K. Liu" <hliu@xxxxxxxxxxxxxx>
Date: Fri, 14 Sep 2001 16:17:33 -0400

Warren Mosler wrote:

>
> So clean up, yes, but maybe not so fast to rebuild.
>

Also, many major firms which had been kept in the city by tax concessions are now
using this tragedy to move out of the city to cheaper rent locations, permanently
shrinking demand.  Already electricity cost drop 50% yesterday in NY city from
$71.96 per megawatt hour  to $45.77, due to lack of demand.  None of the back
office operation will return to lower Manhattan.  Will the city ask the firm to
repay tax concessions?
Most firms will transfer their third quarter losses to insurance companies.

Henry C.K. Liu

References:
- Natural disasters and the world trade center
  - From: Paul Davidson
- Re: Natural disasters and the world trade center
  - From: Warren Mosler

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Thread context:
- Jamie Galbraith on Reopening the Markets, tom schlesinger Fri 14 Sep 2001, 16:35 GMT
- Gary Mongiovi, Forstater, Mathew Fri 14 Sep 2001, 16:17 GMT
- Natural disasters and the world trade center, Paul Davidson Fri 14 Sep 2001, 16:16 GMT
  - Re: Natural disasters and the world trade center, Warren Mosler Fri 14 Sep 2001, 17:01 GMT
    - Re: Natural disasters and the world trade center, Henry C.K. Liu Fri 14 Sep 2001, 20:18 GMT
- Monday Opening, Henry C.K. Liu Fri 14 Sep 2001, 13:55 GMT
  - Message not available
    - Re: Monday Opening, Henry C.K. Liu Fri 14 Sep 2001, 16:19 GMT
      
      Re: Monday Opening, Warren Mosler Fri 14 Sep 2001, 16:55 GMT
      
      Re: Monday Opening, J. Barkley Rosser, Jr. Fri 14 Sep 2001, 21:24 GMT

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