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To: James Strauss who wrote (10270)11/3/2001 1:32:26 PM
From: Bucky Katt  Read Replies (1) | Respond to of 13094
 
Jim, I am not so sure of the size that the possible rebuild of the new WTC will be. I don't think they can justify the cost at this point, much less have workers who will be willing to work there.
You have to remember that NYC has a payroll head tax that is huge, and I think many co's will be using the 9-11 event as an excuse to exit the city, and maybe even the state.
As I have posted on the rat thread a few times this week, insurance co's stocks are moving up fast because they are raising rates in a big way. Put 2 & 2 together and all businesses, small & large, are going to be taking a gut shot from spiking general insurance rates, not to mention the way medical insurance has been going up the past 10 years. They are having a feeding frenzy.
And you forgot to mention the offset to all that spending for extra security, services & people...You & me, and all the rest of the US taxpayers will be paying for all this stuff, if we really need it or not..either a direct tax, of added fees or just pass thru costs, we will be bled, just like a stuck pig......

In the meatime, I am following the money, and the money seems to be in a buy mood, for how long I do not know, but I guess I will find out when it stops.

Nice song..

BTW, Chicago office real estate is starting to suck air, hard. How long before these big shots start asking for a piece of the 9-11 bail-out pie?