Airport Security has always been a major concern for the United
States as well as many other countries. However, September 11, 2001 forced
the world to re-evaluate standard airport security procedures and forced
the United States Congress to enact numerous aviation security improvements
designed to strengthen aviation security (Aviation 2004). These
improvements included the development of a passenger prescreening system
and the federalization of airport screeners (Aviation 2004). Yet, despite
these changes, the Department of Homeland Security and the Transportation
Security Administration still face challenges to improve aviation security
(Aviation 2004). Airport security breaches not only effect national
security and possible loss of human life, but depending on the severity of
the breach, may effect financial markets, both nationally and globally.
The September 11th tragedies exposed the vulnerability of the world's
greatest superpower, leaving the United States to face the challenge of
recovering emotionally and physically (Recovery 2001). Already threatened
by recession before the September 11th, the U.S. economy suffered a number
of blows during the weeks following attacks (Recovery 2001). Although,
many industries, especially the airline industry, suffered heavy financial
losses during the aftermath of September 11th, most did rebound in a
relatively short span of time (Recovery 2001). The September 11th events
led the U.S. Senate to approve a war bonds bill, putting the Treasury
savings bond on the market for the first time since World War II (Recovery
2001). Wall Street, as well as other global markets went into a decline,
with Nasdaq and Dow Jones showing sharp dips in composite indexes (Recovery
Airport security breaches breed a myriad of concerns. When shipments
of dangerous and hazardous substances, such as flammable liquids or
radioactive ...