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Terrorist attack on LA-area ports could cost economy $34 billion

Sunday August 22, 2004

LOS ANGELES (AP) A radiological ``dirty bomb'' detonated at the Los Angeles and Long Beach ports could cost the nation's economy $34 billion, researchers say.

Experts discussed the potential loss during a conference Saturday examining the economic impact of terrorism.

The symposium, which drew researchers from about a dozen universities and think tanks, was hosted by the University of Southern California's Center for Risk and Economic Analysis of Terrorism Events.

Among the topics were the effects a radiological attack might have on the nation's power grid, the impact on transportation if Seattle bridges were destroyed and efforts to strengthen port security.

Using a mathematical model, researchers from USC and Texas Southern University in Houston predicted the cost of a dirty bomb at the two ports, which together make up the country's largest port complex.

Clark Abt, who manages a social and economic policy research and consulting firm, stressed the importance of funding overseas scanners to detect nuclear weapons before they reach U.S. shores.

``The Coast Guard and Customs are used to drugs,'' Abt said. ``Getting most of it is good enough. But they can't afford to allow a single nuke into New York Harbor.''

The university's center received a $12 million grant from the federal Department of Homeland Security in March to find ways to assess outcomes of a possible attacks.

Information from: Los Angeles Times, http://www.latimes.com

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In the interest of timeliness, this story is fed directly from the newswire and may contain occasional typographical errors.
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