We think we are just about there but wanted to give readers a final opportunity to weigh in. We hope we to go live later this week once we incorporate any final revisions.
See the latest version of the redesign here.
While the recent move in gold lower, attributed primarily to the fickle rotations of assorted hedge funds who have gotten crushed on their AAPL holdings and thus forced to liquidate profitable positions mostly in ETFs and other paper gold representations (as demand for physical precious metals has never been greater), has seen many pundits scream (as they do every year) that the move higher in gold and precious metals is over, what everyone as usual forgets is that the big move up in gold in 2011 was not driven by Soros or Paulson or Einhorn buying (or selling) laughable amounts of the yell
Tornadoes ripped through suburban areas of Illinois and Michigan Sunday, leaving behind them the wrecked homes of hundreds of people. In Washington, Illinois, where this video was captured, as many as 500 homes were wrecked from winds that reached upward of 200 mph. This video, shot from inside a home, starts as a man spots the tornado coming straight for his home.
Betaworks, the company that bought news site Digg last summer for $500,000, launched its eagerly anticipated Reader app today. Digg Reader's launch comes less than a week before Google is slated to kill its beloved Google Reader product, which pulls in news feeds from just about every news site on the Web.
Ed. Note: This is cross-posted from the Bureau of Economic Analysis's blog. It highlights the coordination and collaboration between BEA and NOAA to bring value in data and services to the American public.How many jobs are created from the construction of a new bridge or an increase in tourism?
The Bureau of Economic Analysis’ (BEA) new Web portal on the ocean
and Great Lakes economy shows how the Bureau’s Regional Input-Output
Modeling System (RIMS II) can be used to provide answers to such
questions. The new Web site stems from a joint project with the Commerce
Department’s National Oceanic and Atmospheric Administration.
RIMS II, a regional economic model, is used by investors, planners,
and elected officials to objectively assess the returns to projects
ranging from a new sports stadium to a new bridge. The returns include
the short- and long-term increases in jobs and spending associated
with the projects.
The idea behind the results of RIMS II is that an initial change in
economic activity leads to additional changes in economic activity in
other parts of an economy—for example, building a new bridge leads to
increased production of concrete and steel. The increased production of
concrete and steel leads to more mining. Workers benefiting from these
increases may also enjoy bigger paychecks, so they may then spend more
by eating out at nicer restaurants or splurging more on entertainment.