Analysis of Economics For Managers

Questions : 1. In your own words, summarize the article, Govt moves to sell Medibank Private, by Jim McIlroy, April 9, 2014.In particular, what are the main messages of the article? 2. Suppose a firm, like Medibank, is government-owned. (a) If the governments objective is to maximize welfare, what would be the price charged by this firm? What would be the consumer surplus, producer surplus and total surplus? (b) If the government imposes a buyers tax (a specific tax), what would be the changes inconsumer surplus, producer surplus and total surplus? 3. After privatization, the firm becomes private-owned. Suppose this firm has a monopoly power. (a) If the firms objective is to maximize profits, what would be the price charged? (b) If the firms objective is to maximize revenue, what would be price charged?4. Why did the Australian Government like to privatize Medibank?Is the market-based healthcare system superior to the government-provided healthcare system? Why or why not?5. Find healthcare policies for at least two countries or economies, and do an in-depth comparative review on their policies.Provide your views or suggestions on the best healthcare policies that could be considered or used in Australia. Answers : 1. The government of Australia expects a lot from the privatization of the medubank, which will take place in the coming years. They are expecting that this privatization will help to boost the productivity. The chief economist said that it would be helpful for the policyholders, as it will provide the preferential treatment towards them. From the past record, it is seen that the policyholders always got the preferences due to this privatization. Baldino et al. (2010) stated that as per the pure financial theory, the decision about to sell or not to sell should be made neutrally. This sale may take away the shareholders of a continuous stream of dividend. It is effective on the budget for the three consecutive election years. Abbott and Cohen (2014) observed from the economic terms that in the situation where the governments are the active players within the competitive market, then it is better for the Medibank to become private and go out from the hand of the government. Private ownership of Medibank will help the owners of the health insurer. Though there is also a powerful opposition is created against this privatization. Strong resistance is shown towards privatization in the public opinion polling. 2. (a) When the Medibank was a government organisation, then it was run by the government managers those did not have high skills, knowledge and ability and they are also over bureaucratic in nature. On the contrary, Baldino et al. (2010) opined that after the privatization is done, the expenses of the private management of Medibank are more stable compared to the previous situation. Medibank private acted like a profit maximising organisation at the beginning. At this time, the excess revenues are used for to generate benefits for the health insurance holders. In the later period, the excess revenues started to come to the government. It is a good deal for the government to make the privatization of the Medibank and it is not at all a good deal for the owners of the fund. (b) The government of Australia was unable to perform anything that creates welfare towards the health insurance holders of the Medibank. The government is the only choice for the Medibank and that generated less number of proper incentives. The sale or the privatization of Medibank provided the self-evident goods. It helps the organisation to utilize their available fund in more effective and efficient way. The privatisation of Medibank made the organisation the leader health insurance provider organisation within the competitive market (uk, 2015). 3. (a) Privatisation of Medibank will help this organisation through providing the company sufficient good incentives. It helps the organisation to ensure towards their insurance holders that the other options will not be taken care of. As per the NHS mandate, NHS will be responsible for providing high level of care that is more than a treatment for the older people. The number of carers is increasing in UK. The peoples life can be affected with the increasing desire of becoming a carer. It can create various diseases towards the carers as they spent lot of their lives in providing high quality care to the patients. NHS has started to increase the awareness among the people about the valuable contribution of the carers towards the society through generating stable communities and strong families (uk, 2015). (b) Privatization will bring a huge competition for the Medibank. It will help the organisation to provide better services towards their customers those are the purchasers of the health insurances. Medibank privatization will create a challenge for the organisation and other health insurance organisation to encourage the health professionals and hospitals so that they can provide the best care services for the members (com.au, 2015). 4. Reasons behind the privatization of Medibank by Australian Government: Australian government has confirmed to make privatization of their Medibank. The Finance Minister of Australia named Mathias Cormann has declared on 26th March, 2014 that the Medibank that is a health insurance company owned by the government will be sold off. They decided to sell this Health insurance company through public offering in the financial year of 2014-2015. After this announcement, a meeting was held on 28th March, 2014 of the state treasures and the federal (Baldino et al. 2010). The result of this meeting came out with a historic agreement for the state government of Australia towards selling the billion dollars of the public assets. According to Abbott and Cohen (2014), in return of it, the government of Australia has provided an Asset recycling pool of funds. It was helpful for the state as it gave 15% of sales value of the assets that helped them to invest again in the new projects related to new infrastructures like roads, railways, ports etc. This Asset recycling pool includes the privatization as the trick that helps to sale the public assets in theft from the public money. This strategy helps the government to make the substantial profit in the government treasury at 1% in the bargain prices. The government of Australia did not predict the sale price of Madibank Private. The previous estimation shows that the sale price of the Medibank Private went up to $ 4 billion. As per the Medibank sale act, no single investors were allowed to buy more than 15% of the companys share. The pre-tax profit made by Medibank was $ 315 million in the year of 2013. When this asset is sold, the gains from this organization will be lost to the money of the common people. Medibank currently owns 30% of the private health insurance market. This selling of Medibank will increase the budget deficit for the government otherwise, the government will lose the annual dividend of Medibank for up to $ 500,000. The privatization of the health care insurance provider named Medibank will help to move towards the expensive and inefficient US style care system that will be clear in the Australian governments agenda (Anon, 2015). Market based healthcare system is superior to the government provided healthcare system: Market based health care system is always better than the health care system provided by Government. The government failures in providing proper health care towards the people of the country. Baldino et al. (2010) stated that in the government healthcare policies, the private health insurance is bought through the workplace with the contributions of the employer which is excluded from the income tax. It is beneficial for those who pay the income tax in a proper way and at the higher marginal rate. It helps to increase the buy of the comprehensive health care coverage. It helps to manage the moral hazards, increases the health care demand and also make forecasting of the cost indifferences by the consumers. The health insurance is not mandatory for the people. The survey says that about 17% of the countrys people are without the health care insurance coverage. For the healthy young people it is a rational strategy. The public hospitals are bounded to provide the health care equally to all the people. Health insurance performs at the state level of the country. The policies of the health care should include the non-essential benefits towards the owners of the health care insurance policies. When the coverage cost increases, then the purchase of the health insurance becomes unattractive. It lacks the wider coverage to the population. Medibank towards the low-income families and Madibank towards the elder people are the two different programmes performed by the government of Australia. These programmes help to influence the designs and operations of the plans of the private sectors towards market innovation (Medibank.com.au, 2015). On the contrary, Abbott and Cohen (2014) opined that the market based universal coverage, the main goal of the health care system is to provide proper health care services towards the population in proper availability. It helps to provide beneficial health care packages towards the health care service owners. The people are free to buy more un-subsidised health care coverage. The function of the government is to ensure the availability towards covering the high risk group and low income group of people for those the purchasing of health care insurance is not easily affordable. It is also the role of the government to implement the appropriate regulatory framework for the insurance markets efficient operation. 5. Healthcare policies in UK: The health care policies in UK includes different policies those are helpful for the people of the country towards providing them better health care services. These policies includes providing the mental health care services more effectively, ensuring the health and social care services work together, Providing all the children to a health start of life, Improving care towards the people suffering from dementia, Protecting the patients from the avoidable harms, Decreasing the misuses of drugs and dependence, Improving care for the elder people. Helping the people to reduce smoking, reduce obesity through improving diet and many more (Gov.uk, 2015). The health care organizations in UK provide better access towards the mental health care services towards the mental patients through making the waiting time shorter. The health care organizations in UK provided 400 million from the year 2011 to the year 2015 and it helped more people those are the patients of the mental depression towards having access to the psychological therapies. The health care organizations in UK provide the women a single midwife those can take care the women during their pregnancies and after the babys birth. They ensure that every women get the care of a particular midwife. They made the health and social care services work together for the welfare of the people of UK . They ensured that the doctors can provide the memory services towards the old people aged from 65 to 74 years old. They also took proper steps to reduce the misuse of the drugs that helped in the recovery of the people from the dependency on those drugs. Increasing smoking is creating highl y risky lungs diseases and sometimes deaths to the smokers of UK. It is seen from the record that approximately 9,500 children got admitted in the hospital due to illness created by secondhand smoking. NHS took the initiative to increase the awareness about the disadvantages of smoking within the adults, older people and the pregnant women (Nlm.nih.gov, 2015). The health care organisations in UK have become concerned about providing the safe health care services towards their patients, though many mistakes happen every day within the health care service centers. The recent studies shows a high rate of negligence among the patients within the health care provider organisations helps to understand that the health care organisation needs to change many more things to improve it. The National Health Services (NHS), England has taken the responsibility towards providing better patient safety. It is also seen that in UK, two thirds of the died people are from the age group of over 75 years and the deaths happen due to long-term diseases like heart and lung diseases, cancer and dementia. It happens due to lack of proper care at the end period of the lives of these old people. NHS published NHS Mandate in 2012. Healthcare policies in USA: The health care system within the USA is provided by different singular organizations. Among the total number of hospitals 80 of the health care organizations are non-profit organizations where 2% are owned by Government and rest 18% are the profit making organizations. The health care organizations in USA provide the health care programmes such as Medicare, Childrens Health Insurance Program, Medicaid, Veterans Health Administration. The government of USA generally provides the Health insurance towards the public sector employees and their families (Connection.ebscohost.com, 2015). As per the survey on the 17 high income countries in the world, the USA has the highest rate of infant mortality, sexually transmitted infections, injuries, disability, diseases from heart and lungs, adolescent pregnancies etc. As per the World Health Organisation (WHO), in 2011, USA spent a lot more on the health case from the percentage of their GDP and more on the health care per capita compared to other countries. USA comes in the last position in providing the quality of health care services towards the service users compared to other similar countries as per the Commonwealth Fund. In 2014, the Bloomberg ranking of nations with the most efficient health care service providers was introduced where this countrys rank was 46th among the 48 countries. As per the report of the US Census Bureau, around 16.3% of the entire population of the country is uninsured by the year 2010 where it was 16.1% in the year 2009. As per the report of Institute of Medicine in 2004, the country an indus trialized country that does not provide guarantee access towards the population about the proper health care (Connection.ebscohost.com, 2015). Among all the OECD countries USA has achieved the universal coverage for their populations in the year 1990. The number of health care insurances decreases year by year. It helped to increase the number of unnecessary deaths from 45,000 to 48,000 per year. In the year 2010, on 23rd March, the Patient Protection and Affordable Care Act has become the law that provided big changes within the normal procedure. The federal regulations needed to be fulfill by the needed health care programs of the country (Connection.ebscohost.com, 2015). Suggestions for Healthcare Policies for Australia: The health care policies of Australia are needed to be improved so that it can provide better health care services towards their health care service users. The health care organizations in Australia should adopt the person centered approach. This approach will help the organization to provide care and services towards the patients of Australia. The health care organizations of Australia should also try to improve the integration within the community based programmes of the health care services. It will help the health care organizations to make a relation between health services and the current support services those are already available for the community of Australia. The health care organization in Australia should try to understand the complexity of the health care needs for the older people of the country in a better way. This health care policy will help the health care providers in Australia to provide the better health care services towards the older people of the country through understanding their problems from the origin. The state, territory and the government of Australia should provide funds towards the public hospitals of the country. The government should provide the population health programmes, health and medical research, community health services, mental health services and health infrastructures. The smoking and drug related health issues should be considered seriously by the health care organisations in Australia. The medical camps should be performed by the health care organisations to increase the awareness among the population of Australia about the disadvantages of smoking and using harmful drugs. It will help the organisat ion to decrease the rate of lungs related diseases happens due to excessive smoking. It will help to increase the awareness among the pregnant women about the harmful effects of smoking on their unborn children. It will help to decrease the birth defects among the new born. References : Journals: Abbott, M. and Cohen, B. (2014). A Survey of the Privatisation of Government-Owned Enterprises in Australia since the 1980s. Australian Economic Review, 47(4), pp.432-454. Baldino, D., Drum, M. and Wyatt, B. (2010). The Privatisation of Prisoner Transfer Services in Western Australia. What Can we Learn from the Ward Case?. Australian Journal of Public Administration, 69(4), pp.418-430.

Consultancy Expertise Advice On Tax Matters †MyAssignmenthelp.com

Question: Discuss about the Consultancy Expertise Advice On Tax Matters. Answer: I hereby wish to first and fore most accord you much appreciation for thy trust and considerations to me for the tax advice. I likewise wish to let you know that all the information that I will share while advising will be in conformity with the Australian Tax Office Regulation as well as any other prevailing regulation of the land applicable in the context. It is of great importance to inform the owner that employees superannuation is a compulsory statutory fund obligation an employer is bound to honour. However it is only compulsory to the 9.5% portion mark set by the marginal individual tax rate law thus anything above that it is subject employee vs employer agreements. I further wish to inform the owners that the idea of increasing the employees superannuation percentage portion to 13% may or may not have tax implications depending with the following factors; Whether the superannuation contribution is done after or before payment of income tax. Whether the contribution made is above the caps set and finally Whether the employee is classified as those earning high income or not as stipulated by ATO The owners should therefore be informed that if he does the addition within the procedural regulation acceptable while the employee has agreed for salary sacrifice and before paying income tax the fund is therefore free from tax subjection. This reduces employees salary for tax purposes and likewise benefits the employer since it is treated as employers contribution that is always eligible for treatment as deductible allowable for tax purposes Braithwaite(2007.Pg. 7). Concessional cap that depends with employees age likewise forms part of consideration such that the owners should ensure that the employees subjecting to addition superannuation percentage fulfils the cap age of between 0-48yearrs, 48-65years and that of 65 and above ,since this is what outlines the income levels. Concerning the private health insurance premiums I wish to inform the owners that as long as the fringe benefit is not discriminative i.e. it cuts across all the employees let him proceed with it because it is less expensive since it forms part of deductible allowable compared to salary or allowance that is subject to PAYG and income tax as well. Let him proceed with the reimbursement and introduction of the premiums but under indiscriminative rule that guides health insurance premiums thus allowable expense deduction and decrease in medical levy since the 2% portion to be subjected on gross income reduces as allowable expense on insurance is introduced Delany(2010. Pg. 12). I therefore strongly advice the owners to proceed with the 3.5% employee superannuation addition since there exist instant benefits on tax avoidance for both the employer and employee upon satisfaction of the ATO rules guiding salary sacrificial and that on accounting for superannuation fund. The owners are likewise informed to proceed with the reimbursement and introduction of health premiums since it forms part of allowable deduction as long as it is across the board i.e. involves all employees. References Braithwaite, V., 2007. Responsive regulation and taxation: Introduction. Law Policy, 29(1), pp.3-10. Delany, T.P., 2012. Fringe benefits tax.

Sample Argumentative Elephant Essay - A Few Tips on Writing Amazing Essays

Sample Argumentative Elephant Essay - A Few Tips on Writing Amazing EssaysIf you were looking for the perfect essay writing sample, a sample argumentative elephant essay would be right up your alley. A true and forceful essay could serve as a perfect template to learn how to structure a good argument. The following discussion is just a quick introduction into some of the essentials of a sample argumentative elephant essay.Frame the Argument - The first thing to keep in mind is that the key to any argument is the framing. That is to say, in the process of examining any topic, one needs to first determine how the topic can be approached. So a frame of approach is essential. After you have decided the nature of the topic, you have to begin to formulate an argument. Once you have got your material, the next step is to turn it into a self-contained essay.Brief or Outline - If you get a lot of words, then a brief outline is always important. An outline serves as a means to look through the material for errors and to ensure that you don't miss any. The outline is also a guide to how you will distribute the text in each section.Proofreading - There are many instances when you have to correct mistakes during the writing process. Proofreading the essay can provide you with the opportunity to look over the final draft to check for grammar and spelling errors. When it comes to these, the best thing to do is to go back and fix the flaws you have identified in the text. The rationale behind this is that you want to write the best argumentative elephant essay that you can.Research - Before you have started writing, do your research and read as much as you can about the topic. The more you know about the topic, the easier it is to approach the topic. However, the best way to research is to gather all the information about the topic and not to merely rely on the author's own knowledge.The last thing to remember when you start writing your argumentative elephant essay is to poli sh your argumentative skills. For example, don't think that your essay is perfect when you have the thoughts 'that's just the way it is'everyone is racist'.Of course, there are a lot more things to keep in mind when writing an effective argumentative elephant essay. However, keeping these points in mind will help you generate a strong argumentative essay.

Buford V, United States Essays - Buford V. United States

Buford V, United States Brief of BUFORD v. UNITED STATES Certiorari to the united states court of appeals for the seventh circuit No. 99-9073. Argued January 8, 2001--Decided March 20, 2001 TYPE OF CASE. This case has to deal with the certiorari (Latin for to be informed) from the United States Court of appeals for the seventh district. This case raises a question of the sentencing laws. What is the standard of review as it applies when a court of appeals reviews a trial courts Sentencing Guideline determination as to whether an offenders prior convictions were consolidated, hence related, for purposes of sentencing? In particular, should the appeals court review the trial courts decision deferentially or de novo? FACTS OF THE CASE The trial court decision at issue focused on one aspect of the United States Sentencing Guidelines' treatment of career offenders, a category of offender subject to particularly severe punishment. The Guidelines define a career offender as an offender with at least two prior felony convictions for violent or drug-related crimes. United States Sentencing Commission, Guidelines Manual ?4B1.1 (Nov. 2000) (USSG). Petitioner Buford pleaded guilty to armed bank robbery. At sentencing, the Government conceded that her four prior robbery convictions were related, but did not concede that her prior drug conviction was related to the robberies. The drug crime (possession of, with intent to deliver, cocaine) had taken place about the same time as the fourth robbery, and Buford claimed that the robberies had been motivated by her drug addiction. But the only evidentiary link among the crimes was that the police had discovered the cocaine when searching Buford's house after her arrest for the robberies. Moreover, no formal order of consolidation had been entered. The State had charged the drug offense in a separate indictment and had assigned a different prosecutor to handle the drug case. A different judge had heard Buford plead guilty to the drug charge in a different hearing held on a different date; two different state prosecutors had appeared before the sentencing court, one discussing drugs, the other discussing the robberies; and the sentencing court had entered two separate judgments. Petitioner Buford pointed out that the State had sent the four robbery cases for sentencing to the very same judge who had heard and accepted her plea of guilty to the drug charge; that the judge had heard arguments about sentencing in all five cases at the same time in a single proceeding; that the judge had issued sentences for all five crimes at the same time. The Court of Appeals found the functional consolidation question a close one, and wrote, The standard of appellate review may be disparities. 201 F. 3d, at 940. It decided to review the District Court's decision deferentially rather than de novo. Id., at 942. And it affirmed the trial courts sentencing. LEGAL ISSUE Should the Seventh Circuit Court consider the convictions of the robberies and drug charge sentence as consolidated for sentencing, and hence related, even if a sentencing court did not enter a formal consolidation order due to logically related and sentencing was joint. This case concerns functional consolidation. and decide whether Buford's five 1992 Wisconsin state-court convictions were related to one another, and consequently counted as one single prior conviction, or whether they should count as more than one thus allowing stricter sentencing guidelines. HOLDING AND DECISION The Seventh Circuit Court believed that the Appellate Court was right to review this trial court decision deferentially rather than de novo. The need for special competence of the district court helped to make deferential review appropriate. That is to say, the District Court is in a better position than the Appellate Court to decide whether a particular set of individual circumstances demonstrates functional consolidation. In addition, factual nuance may closely guide the legal decision, with legal results depending heavily upon an understanding of the significance of case-specific details. See Koon v. United States, supra, at 98-99 (District Court's detailed understanding of the case 2before it and experience with other sentencing cases favored deferential review); Cooter & Gell v. Hartmarx Corp., 496 U. S. 384, 403-404 (1990) (fact-intensive nature of decision whether to impose sanctions under Federal Rule of Civil Procedure 11 made deferential review

An Occurence at Owl Creek Bridge essays

An Occurence at Owl Creek Bridge essays What makes Ambrose Bierce a realist Author "An Occurrence at Owl Creek Bridge" can be considered a work of realism for two reasons. The first is Bierce's utilization of his own military background giving this story a sense of realism. Bierce also conveys his pessimism after leading the reader to believe otherwise. This story provides social critique of the south during the Civil War. Bierce goes to great lengths to describe the opening sequence in terms of its military arrangement. He provides brilliant images of group formations and soldier stances like "a single company of infantry in line, at 'parade rest' the butts of the rifles on the ground, the barrels inclining backward against the right shoulder, the hands crossed upon the stock". He also takes the time to describe exactly how fortified the Owl Creek Bridge is. He shows his military experience by describing a road that stretches out of site and assuming that "Doubtless there was an outpost farther along". The procedures of a military execution were explained thoroughly including the code of conduct: "In the code of military manners silence and fixity are forms of deference". Bierce earned the nickname "Bitter Bierce early in his life for his pessimism. This is not evident in this story until the end. The third and final part begins with a sequence of miraculous occurrences allowing Peyton Farquhar to es cape from his hanging. The description of these events leads the reader to believe that Bierce is a Romantic author rather than a realist. The rope breaks dropping him into the creek. He then uses his "superhuman strength to remove the rope from around his neck. Peyton is then blessed with better senses seeing the veins on leaves in the forest and hearing gnats and dragonfly wings in the distance. Then he sees the eye of a marksman on the bridge through the range on the rifle. Amazingly, this marksman misses what should be an easy target and allows Farquhar to...

A Theme In Human Evolution Research Paper Example | Topics and Well Written Essays - 1250 words

A Theme In Human Evolution - Research Paper Example An exanimation of the fossil records for the hominids can reveal much information on the early forms of the present creatures. The study of human remains did not feature until the nineteenth century when archaeologists realized that the culture and the morphology of early man could be revealed by the remains and the tools that were found buried with these remains (Greene, 11). A comparison between the morphology of the different fossils can be made to provide an insight into the relationships that occur between populations of organisms at different stages in the evolution process. Much information regarding the human culture could be obtained through the study of such remains. It has been noted that by studying the bone morphology of the fossils â€Å"one can understand the nutritional status, diet, disease processes, factors affecting mortality and life expectancy, biological responses to environmental stressors and aging of our ancestors† (Seth, 19). The teeth of animals wil l be related to the kinds of food that they consume. The herbivorous animals feed on vegetation and have many large molar teeth for chewing the fibrous foods. On the other hand, carnivorous animals like lion have large canine teeth that are used for killing and tearing the meat of their prey. The early hominids had the ape-like U-shaped dental arcade whereas the modern, man has a parabolic dental arcade. These early hominids and the modern man have the same dental formula of 2.1.2.3= 32.   This means two incisors, one canine, two premolars, and three molar teeth on both sides of the upper and lower jaws. However, there is a difference in the teeth structure and size between the early hominids and the modern man. This has been caused by the difference in the kinds of food that have been consumed by man at different stages of evolution. The early hominids were mainly herbivorous and had large molars for chewing the high roughage content foods.

Impact of Terrorism on Engineering Developments Essay

Impact of Terrorism on Engineering Developments - Essay Example The number of educated and unemployed youth roaming in the corridors of the cities of many nations has brought much havoc to the social sectors. Activities like terrorism have thrived in these circumstances, where unemployed and highly educated youth, are hired by organizations that are having some deep rooted cause for going against the common accepted ways in the society. They represent a particular group of belief which makes their action more vulnerable to the group of other people or all other people who are in the society. The accepted method for them is to unrest the activities of the civilized society by make destructions to the life and developmental activities of the government. World has faced such major social disasters, and the attack and the destruction of World Trade Center in America was the very commonly known example for this. The impact of such violent activity leads to economic crisis in banking and industrial sectors, engineering and developmental set backs in th e areas of communication and information sectors, social imbalances like unemployment, poverty, post terror trauma among women and children, etc. The term "terrorism" comes from the Latin word terrere, "to frighten" via the French word terrorisme[1]. Terrorism expert Walter liqueur in 1999 has counted over 100 definitions and concludes that the only general characteristic generally agreed upon is that terrorism involves violence and the threat of violence [1]. Though United Nations has not yet accepted any definition of terrorism[1, 2], the UN "academic consensus definition," written by terrorism expert Alex P.Schmid and widely used social scientists, says terrorism is an anxiety-inspiring method of repeated violent action, employed by (semi-) clandestine individual, group or state actors, for idiosyncratic, criminal or political reasons, whereby-in contrast to assassination - the direct targets of violence are not the main targets[1]. In the history there were many terrorist attack carried out by individuals, groups, states and even the governments against the key persons or groups in the same country or other countries. The re were assassinations of world leaders or ministers, public officials or even the leaders of one terrorist group by the other terrorist groups. While individual loses causes major emotional and leadership problems in some groups and countries, the attack on buildings, bridges and other infrastructures and the projects, causing national crisis in developmental process in some countries.There are different kinds of terrorist attacks which are mainly targeting people and the developmental structures in a state or country. While guns, bombs, etc. are used as common tools, biological weapons can cause massive outbreak of diseases and health problems in the society and cyber terrorism can hamper the communication and banking systems. The effect of any major terrorist attack is severe, causing the community in to despair. Lose of businesses, jobs, and life and health trauma to the close victims of incidents. Financial lose, banking and communication system crash, lose of documents and pro perty and further psychological crisis for survival, etc. are severe.Out of all the terrorist attacks in the history, the attack on World Trade Center in U.S. on September 11, 2001, has caused severe shock in the