This is just the cost to Boston. I'd like to see what the cost analysis for all the alphabet agencies involved and to the state.
How much did it cost business to close down Boston? Bloomberg BusinessWeek puts the figure at $333 million. Jim Diffley, a vice president and chief economist at IHS Global Insight estimates it would be between $250 million and $333 million a day. "A billion [dollars] is just where you start from. Take off a quarter to a third at most for a shutdown, would be a very rough guess."
The Washington Post's Wonk Blog reckons that the figure is a lot higher. "The Bureau of Economic Analysis estimates that the Boston-Cambridge-Quincy metropolitan area had a GDP of some $326 billion in 2011. That's an economy bigger than Ireland's or Finland's or Greece's or Portugal's. In theory, that works out to about $1 billion per day." Although it concedes it could be lower.
Paul Edelstein, director of financial economics at IHS Global Insight in Lexington, a city near Boston concurs. He says the Boston metropolitan area, which includes nearby Cambridge and Quincy, is the ninth largest in the United States. Its annual gross domestic product is $325 billion, and it produced just under $1 billion in goods and services per day in 2011, according to the most recent data from the US Bureau of Economic Analysis. That is about 2 per cent of the $45 billion in overall U.S. daily economic activity, said . The total hit from the shutdown could be less than $1 billion, Edelstein said, in part because telecommuting has dampened the impact.
http://www.soxfirst.com/30394498/the_economic_cost_of_the_boston_manhunt.phpPossibly in the billions for a teen with a few pipe bombs?
