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.
By Osman Gulseven:Rite Aid Corporation (RAD) has been one of the top performing stocks of 2013. For a company that is rocked by declining sales and negative earnings, the rally seems contradictory. However, the market has a positive outlook for the company. Since the start of this year, shares of Rite Aid gained an outstanding 65%.
Rite Aid Corporation (RAD), through its subsidiaries, operates retail drugstores in the United States. The company's drugstores primarily offer pharmacy services.Rite Aid is scheduled to report its first quarter earnings results on June 21, 2012, before market open.
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By Chris Katje: When investing, it's usually smart to buy the market leader. This ensures that the company will be around and can hopefully fight off smaller competitors. However, in the pharmacy industry, I believe that Rite Aid (RAD) offers the best investment opportunity.
ByNick Chiu:Rite Aid Corporation (RAD) had an amazing performance year to date by gaining 52.52%, strongly outperforming the market where the S&P index increased 13.60% as of April 11, 2013. Rite Aid, with a market cap of $1.92B, operates drugstores in 31 states across the U.S. and in the District of Columbia.