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War on Iraq impacting on US businesses
Agence France-Presse (AFP) ^ | 3-28-03 | Veronique Dupont

Posted on 03/28/2003 4:45:06 AM PST by Oldeconomybuyer

NEW YORK, March 28 (AFP) - With employees glued to the television, public morale down and sales on the wane, the war on Iraq is making itself felt in the world of American business.

"We speak about it all day," says Mike Mancuso, a web designer for the company Hylotek.

The war has become the center of discussions in most companies -- though many leave their own opinions behind as they cross the threshold.

"In the United States we're not supposed to give political opinions at work. But everybody wants it to be over as soon as possible," says Jeff Mirman, Internet commercial director for Leading Hotels.

Whenever people walk past a television "they stop," says Matthew Burris, financial director for the clothing chain Liz Clairborne.

From the moment the first bombs began to fall on Baghdad, staff at many companies have been spending sizeable chunks of their work day riveted, whenever possible, to television screens.

Their quest for information is affecting the work atmosphere.

"For many people, this is a deja-vu from what it felt in the aftermath of 9/11," says John Challenger, an independent economic consultant. "People feel again this fatigue from an overdose of oppressive and omnipresent news."

"I listen to the radio when I wake up in the morning, and what I hear is going to affect the rest of my day," says Andrew Blechman, owner of a small restoration business.

"People are somber," says Mirman. "It's a bit weird to go to work every day when your country is at war."

And Challenger adds: "The companies that have family or friends in the army or those which employ reservists are particularly affected.

Companies in New York and Washington especially have heightened security dramatically, which has increased the stress linked to fears of a potential new terrorist attack in the United States, Challenger notes.

Since the terrorist alert was raised to its second-highest level on March 17, "we have some guards looking around all day long and everybody must wear their ID all the time," said Burris.

"But nobody complains about that."

Companies have also moved to limit staff travel and meetings. "Certain meetings are canceled. We have been asked to take trains rather than airplanes, " one marketing consultant in New York said.

"We have also been told that if travel makes us uncomfortable we shouldn't feel we have to," she adds.

Everyone agrees that business has slowed up somewhat. Even if they don't know whether they should attribute it to the war alone, or to the flagging US economy.

"Our potential clients are delaying jobs and watching the money," says Mancuso.

"The time leading to the war has been very detrimental," says Mirman, who estimates that turnover is down by at least 20 percent at his company.

"Our sales dropped sharply on Saturday -- after the bombings started -- but less than after the snowstorm on Presidents' Day," acknowledges Burris, who also forecasts that, "There will be more impact if the war lasts long."

Some companies, however, can see the light at the end of the tunnel.

For Blair Cowan, a financial sector headhunter, "There's a slight surge in activity.

"Banks are calling us to see resumes," Cowan says. "Before the war, they would almost hang up on us."


TOPICS: Business/Economy; Culture/Society; Foreign Affairs; Government; News/Current Events; Politics/Elections; War on Terror
KEYWORDS: iraqifreedom; wareconomy
Military quagmire. Economic quagmire. What's next from the media? Sexual quagmire ...
1 posted on 03/28/2003 4:45:06 AM PST by Oldeconomybuyer
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To: Oldeconomybuyer
Pepcid AC time.
2 posted on 03/28/2003 4:49:50 AM PST by MEG33
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To: Oldeconomybuyer
A French News source with the openning line.......

"public morale down "

The only companies with public moral down in the US are French ones who can no longer peddle their goods...

NeverGore

3 posted on 03/28/2003 4:52:10 AM PST by nevergore (If stupidity hurt, Frenchmen would be writhing in pain....)
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To: Oldeconomybuyer
With employees glued to the television, public morale down and sales on the wane, the war on Iraq is making itself felt in the world of American business.

Counterpoint: My employees aren't glued to the television, morale is quite high and sales are up. There's more confidence around here than there's been for quite a while.
4 posted on 03/28/2003 4:56:28 AM PST by pt17
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