Re:Snowden granted 1-year asylum in Russia, leaves airport
by mikeash on Thursday August 01, 2013 @11:54AM
(#6141163)
What markets and industries could actually be crippled with a simple bomb?
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Re:Snowden granted 1-year asylum in Russia, leaves airport
by corresation on Thursday August 01, 2013 @12:24PM
(#6141390)
Exchanges, for one, in virtually any industry. Recall that one of the primary concerns after 9/11 were the NYSE, Nasdaq, Mercantile Exchange, etc. Banking centers. Oil refineries. Port. Etc.
Re:Snowden granted 1-year asylum in Russia, leaves airport
by mikeash on Thursday August 01, 2013 @12:38PM
(#6141510)
I'm sure every major exchange has contingency plans to operate out of a backup location. I'm not aware of any single point of failure in banking, oil, or cargo, and if there were, mundane threats like weather would far outweigh terrorism anyway.
Re:Snowden granted 1-year asylum in Russia, leaves airport
by rdouble on Thursday August 01, 2013 @12:41PM
(#6141532)
Singapore is a major point of failure in banking, oil and cargo.
Re:Snowden granted 1-year asylum in Russia, leaves airport
by mikeash on Thursday August 01, 2013 @01:02PM
(#6141705)
But can't be taken out by a simple bomb, not even remotely close.
Re:Snowden granted 1-year asylum in Russia, leaves airport
by corresation on Thursday August 01, 2013 @01:24PM
(#6141891)
I think we disagree on what "crippled" means. You have taken it to mean "no longer functions or exists", which I think many handicapable people would disagree with. It simply means that it operates at a measurably diminished capacity in some regard, which with the economy can have profound implications.
If the NYSE building were bombed on an operating day, it would absolutely have dramatic financial repercussions, and that market would absolutely be crippled. Would some simile reappear? Of course it would, just as government would reappear if a full capital building were attacked. But the impact would be major and it would be felt.
Re:Snowden granted 1-year asylum in Russia, leaves airport
by mikeash on Thursday August 01, 2013 @02:39PM
(#6142426)
If the traders could be rational enough to pick up and move to new temporary offices a few blocks over and carry on with their business the next day, the consequences of a NYSE bombing would not be so dire. The dramatic financial repercussions you mention would certainly happen, but only because people would panic.
Re:Snowden granted 1-year asylum in Russia, leaves airport
by 300bps on Thursday August 01, 2013 @12:41PM
(#6141534)
correlation apparently thinks 9/11 strikes in NY were caused by a simple bomb instead of planes crashing into buildings.
Re:Snowden granted 1-year asylum in Russia, leaves airport
by corresation on Thursday August 01, 2013 @12:50PM
(#6141619)
I confess to pondering: Is your reply sarcasm? Raw stupidity? An attempt at being clever? Sorry, but you fail miserably at all of those.
No, 300bps, 9/11 brought a sense among both the populace and business that big, bad things can happen by just a few people with ill will. The response was a realization that the basic security and law and order could be so easily overridden.
But good effort, regardless.