User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


71° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Deep Freeze May Have Cost Economy About $5 Billion

January 9, 2014, 3:48 PM

Deep Freeze May Have Cost Economy About $5 Billion
MINNEAPOLIS, MN -

Hunkering down at home rather than going to work, canceling thousands of flights and repairing burst pipes from the Midwest to the Southeast has its price.

One estimate from business weather intelligence company Planalytics puts the cost of the polar vortex that gripped much of the country during the past week at $5 billion.

But experts say those impacts aren't as bad as they sound when compared against the overall economy. Planalytics' Evan Gold notes $5 billion pales in comparison with an annual gross domestic product of about $15 trillion. It works out to maybe one-seventh to one-eighth of one day's production for the entire country.

And, Gold says, there were bottom lines that benefited, including those of on-demand cable TV and restaurant delivery services.

Previous Story

Next Story




 
Find Local Businesses on KELO Pages!

View business

You may also like

First DTSF Incubator Store Open For Business

7/23/2014 6:30 AM

605 Running Co., 124 S. Phillips Avenue, just opened its doors on Friday. It's a big grand opening for the store, but also for Downtown ...

Full Story | Watch
Sioux Falls No Longer Best Small City

7/25/2014 11:12 AM

Sioux Falls is no longer the nation's best small city for business and careers.

Full Story
Iowa Town Bracing For Closure Of Tyson Foods Plant

7/27/2014 3:31 PM

One small northwest Iowa town is preparing to deal with the loss of 450 jobs this fall when the Tyson Foods plant in Cherokee closes, and business own...

Full Story
Third Walmart Preparing To Open In Sioux Falls

7/22/2014 6:10 PM

Sioux Falls latest Walmart store is preparing to open in just a few weeks.

Full Story
Simply Mac Coming To Sioux Falls

7/28/2014 1:12 PM

Apple users will soon have another option for sales and service support.

Full Story


Events