In the August cover of Harper's magazine, Jessica Bruder writes of a tribe of geriatric migrant workers who "seem one injury or broken axle away from true homelessness." They travel the country in RVs, chasing seasonal, back-breaking employment, unable to retire. Many wind up running the floors of ... More >>
We know the Minneapolis-St. Paul Metro area's economy is doing reasonably well. Unemployment keeps going down. Wages are up. And it isn't just following the national economy either - it's doing better. But why?. As it turns out, one reason for the boost has been Minnesota's high-tech sector, as th ... More >>
Last week, Wisconsin lawmakers approved legislation forcing women seeking abortions to have an ultrasound before going through with a procedure to terminate their pregnancy. Gov. Scott Walker is expected to sign the bill into law.RELATED: Women can no longer get non-surgical abortions in Wisconsin T ... More >>
Tim Pawlenty is now a professional lobbyist for the one percent. It's a strange gig for guy who last year said he "went to Wall Street and told them to get their snout out of the trough because they are some of the worst offenders when it comes to bailouts and carve-outs and special deals."SEE ALSO: ... More >>
Strong gains in the private sector helped Minnesota add 15,500 jobs in January, pushing the state's unemployment rate down to 5.6 percent, a level not seen since September 2008.In total, Minnesota has now regained 74,900 of the 156,000 jobs lost during the Great Recession. And believe it not, the ... More >>
Occupy MN has yet to shake the economic and government structures at which its protest is aimed. But, to its credit, it hasn't gotten bored or hungry and gone home yet.The local chapter of the anti-bank, anti-bomb protests which started popping up all over the country last week passed through the ... More >>
As their numbers increased in the Hennepin County Government Center Plaza this afternoon, more and more chatter rose among the Occupy MN crowd about marching to the Federal Reserve Bank of Minneapolis. The Fed was the originally planned occupation destination, but organizers worried that arrests ... More >>
Michele Bachmann has "Fire from the Heartland."Citizens United, the folks who tried to take down Hillary Clinton in the last election with campaign propaganda sold as a documentary, are back. And this time they're spreading their love on Michele Bachmann. She's in "Fire from the Heartland," ... More >>
But given the Fed's track record making economic forecasts, don't pop the champagne quite yet.
Administration lax on cleaning up AIG, Bear Stearns, and Lehman Brothers
What topic does she ask about during her allotted time? ACORN of course. Totally relevant.
Gary Stern says there's a "reasonable possibility" that you will never get a job again.
"Recession Could End This Year, Fed Chief Says" (Washington Post) vs. "Bernanke: Recovery Will Take Years" (CNN).
Council thinks happy-hour ban would curtail binge drinking
Minnesota's horribly unawesome economy won't be getting better any time soon. Suck it up and deal with it, the Federal Reserve Bank of Minneapolis says.
In Keaton vs. Heigl, girl power
Wal-Mart gets support from an unlikely ally: Target's hometown
The working poor choose to get screwed again.
Northwest Airlines hasn't paid taxes on its Duluth maintenance facility since May 2005. Yeah, that maintenance facility, the one Minnesota taxpayers built for it in exchange for the airline's promise to create and retain decent jobs for skilled union mechanics.
Alan Greenspan and America's unreal estate
Boy in the bubble Is Alan Greenspan ready to admit that the housing market is clinically insane? The word of the hour is "froth." A little like foam, a little like scum, the word appeared in nine different articles within the last three days in the Wall Street Journal. In economic terms, "frot ... More >>
Here are some excerpts from Goldman-Sachs's March 14 market note, emphasis added:The Fed's flow-of-funds tables show a further pickup in mortgage equity withdrawal (MEW) to a record $640 billion, or 7.4% of personal disposable income, in 2004. Although cash-out refinancing was down somewhat, this ... More >>
Another Pawlenty budget, another round of bloodletting
A new state law proves that figures don't lie, but liars figure
Even Republicans are alarmed by the governor's fiscal mismanagement
City Pages solves the Twins ballpark conundrum
In 1973 she was fearless. Graceful, original, expensive, strong--and her daddy was a daredevil.