Subject:

Economies

  • Blogs

    June 11, 2014

    Minnesota third-best state to make a living, study says

    Minnesota is third only to first-place Washington and second-place Texas in Money-rates.com's 2014 list of the best states to make a living.The list accounts for each state's average salary, cost of living, unemployment rate, and workplace satisfaction, then uses that data to rank the 10 best and wo ... More >>

  • Blogs

    February 28, 2014

    Mark Dayton doesn't take credit for Minnesota's $1.2 billion surplus... sort of

    This morning, the Minnesota Management and Budget office announced the state is projected to have a budget surplus of $1.23 billion in the current biennium and $2.6 billion in the next. SEE ALSO: The Zygi Wilf/Mark Dayton photo people can't get enough of: Top 10 tweetsHours later, Gov. Mark Dayton r ... More >>

  • Blogs

    November 25, 2013

    Mills Fleet Farm commercial advertises that store will be closed on Thanksgiving [VIDEO]

    On Thanksgiving, Walmart and Best Buy will open at 6 p.m., with Target opening a couple hours later.RELATED: Will Target match Walmart's great deal for Thanksgiving workers?But in a new commercial, Mills Fleet Farm trumpets the fact that its Black Friday sales won't begin until, you know, Black Frid ... More >>

  • Blogs

    September 19, 2013

    Minnesota now has as many jobs as before the recession, but that doesn't tell the whole story

    The latest numbers from the state indicate that Minnesota has finally recovered all the jobs lost during the recession that began in early 2008.SEE ALSO: Mary Franson thinks City Pages blogger should blame his rent increase on Gov. DaytonAt the end of August, there were nearly 2.8 million jobs in Mi ... More >>

  • Blogs

    July 5, 2013

    Twin Cities has lowest unemployment of any major U.S. metro

    A slew of recent lists has named us snobby and brainy, bike-friendly and outdoorsy. But here's a ranking that carries a little more weight, and comes backed by harder data: The Twin Cities has the lowest unemployment of any major U.S. metro area, according to the latest numbers from the Bureau of La ... More >>

  • Blogs

    June 28, 2013

    Minneapolis named 5th best city to get rich

    There's no need to hit Wall Street or Hollywood to make it big. Minneapolis was just named the fifth-best city in the country to get rich by CreditDonkey. It's the only Midwestern metro to make the top ten. See also: Minneapolis has the best parks in the nation and it isn't even close, study says R ... More >>

  • Blogs

    March 28, 2013

    Minnesota personal incomes increased more in 2012 than just about all other states

    Minnesotans are just hot, period. But recent data indicates our state is particularly hot in the areas of job creation and personal income.SEE ALSO: Economic recovery? What economic recovery? Mpls donut shop hiring... an unpaid internAccording to the latest U.S. Department of Commerce data, per capi ... More >>

  • Blogs

    March 22, 2013

    Minnesota gained more jobs in last six months than any half-year since Reagan's heyday

    What a difference a state makes.SEE ALSO: When dating prospects look bleak, women focus on their careers, new U of M study finds While Wisconsinites have been enduring arguably the worst job market in the country, Minnesota is adding jobs at a clip faster than any seen since Walter Mondale was chall ... More >>

  • Blogs

    March 22, 2013

    Twin Cities still a top 10 metro for new college grads, study says

    According to the listings site Rent.com, the best place for a recent college graduate in search of a decent paycheck and an affordable place to live isn't one of the much-buzzed about cities for bright young things, like Austin or San Francisco.Per the website's numbers crunching, top cities actuall ... More >>

  • Blogs

    March 21, 2013

    Wisconsin lost more jobs than any other state in 2011 and '12

    As we told you about 11 months ago, Wisconsin lost more jobs than any other state from early 2011 to early '12. New data indicates Wisconsin's job market continued to stink like rotten cheese throughout the rest of the year.SEE ALSO: Mary Hoglund, 83, spits in Romney supporter's face during Wisconsi ... More >>

  • Blogs

    February 7, 2013

    Minnesota's Job Creation Index second strongest in the nation since 2009

    While discussing income tax cuts approved in 1999 and 2000 during last night's State of the State speech, Gov. Dayton said: "In the decade after Minnesota's income tax reductions, our economy fared worse than the nation and most other states."SEE ALSO: Mary Franson thinks City Pages blogger should b ... More >>

  • Blogs

    October 19, 2012

    Minnesota college grads have third-most debt; MCAD has highest average debt load

    Yesterday, the California-based Institute for College Access and Success released its seventh-annual state-by-state student debt report, and it turns out Minnesota is right near the top of the charts when it comes to average debt load for college grads.SEE ALSO: Economic recovery? What economic reco ... More >>

  • Blogs

    September 7, 2012

    The Mpls Federal Reserve breaks down the Great Recession, steady recovery out of it [GRAPHICS]

    SEE ALSO:-- Obama shouts out Warroad-based, Romney-supporting Marvin Windows [VIDEO]-- Minnesota has regained 48 percent of jobs lost during Great Recession-- Young women become more vain during recessions, U of M prof findsIn the words of one financial policy analyst, the Minneapolis Fed's new brea ... More >>

  • Blogs

    June 1, 2012

    Obama's Minnesota visit comes in wake of dismal jobs report

    If it really is all about the economy, stupid, then President Obama's reelection prospects are more precarious this morning than they were yesterday. Obama is in the Twin Cities today. He'll give a speech at Honeywell's Golden Valley facility this morning before heading downtown for a string of fund ... More >>

  • Blogs

    April 24, 2012

    Wisconsin lost more jobs than any other state over last year

    It's a finding that Eric Pusey, founder of the Minnesota Progressive Project, characterized as "yet another reason to be glad we don't have Governor Emmer."Remember when Scott Walker promised to create 250,000 new jobs during his first term? If Wisconsin voters do, then Walker is probably in trouble ... More >>

  • News

    April 18, 2012

    Mitt Romney's "creative destruction" at Bain Capital

    Representing everything you hate about capitalism

  • Blogs

    March 2, 2012

    Minnesota has regained 48 percent of jobs lost during Great Recession

    ​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 >>

  • Blogs

    February 28, 2012

    Minnesota job market improved drastically last year

    ​In another indication the economy continues to recover, new data shows that Minnesota's job market at the end of 2011 was a helluva lot stronger than it was a year prior. According to the Department of Employment and Economic Development, job vacancies in the state climbed 47.6 percent during the ... More >>

  • Blogs

    February 6, 2012

    Franken's new bill would ban Fannie/Freddie from betting against homeowners

    Franken wants Fannie/Freddie to put their money where their mouth is. ​Today, Senator Franken plans to introduce legislation that would help more homeowners refinance their home mortgages, saving them money and, in some cases, helping them keep their homes.Franken's Helping Homeowners Refinance Ac ... More >>

  • Blogs

    January 10, 2012

    It's election night in Minneapolis

    Cleveland LeaderTwo special elections for legislative seats happen tonight in Minneapolis. ​"Election 2012" doesn't just refer to November 6.Ready or not, two Minnesota legislative seats, both in Minneapolis, are actually up for grabs tonight. One is House District 61B, which includes the south Mi ... More >>

  • Blogs

    January 5, 2012

    State doles out millions to laid-off workers amid shaky job market

    ​Yesterday, the state Department of Employment and Economic Development announced it has awarded more than $2.2 million in grants to provide services for 585 workers who were recently laid off at eight Minnesota businesses.The grants represent a significant public expense meant to help out-of-work ... More >>

  • Blogs

    October 7, 2011

    Occupy MN protesters march to the Fed [VIDEO]

    ​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 >>

  • News

    October 5, 2011

    Rick Perry's "Texas miracle" is a fantasy

    The GOP presidential candidate's claims don't hold up

  • Blogs

    July 27, 2011

    Michele Bachmann used Fannie Mae or Freddie Mac for her home loan

    Bachmann says one thing in public in, and does another in private.​Michele Bachmann used federally backed home loans from Fannie Mae or Freddie Mac just weeks before she denounced those programs and called for them to be dismantled, according to the Washington Post. Experts who reviewed the home l ... More >>

  • Blogs

    June 21, 2011

    Michele Bachmann makes bold play for black vote, claims she's better for blacks than Obama

    The title of Michele Bachmann's new autobiography took many observers by surprise.​This may be the craziest thing Michele Bachmann has said yet.At the Republican Leadership Conference in New Orleans over the weekend, Bachmann tried to make in-roads into Barack Obama's most reliable voter base by c ... More >>

  • Blogs

    January 31, 2011

    Michele Bachmann's debt limit dream is a nightmare, Boehner says

    Another Bachmann confrontation with House leaders.​Queen of the tea party Rep. Michele Bachmann, with an assist from former Gov. Tim Pawlenty, is ramping up her battle urging Congress to block an increase in the federal debt ceiling. Forget it, says House Speaker John Boehner. That's a recipe ... More >>

  • Blogs

    January 13, 2011

    Twin Cities job market named among best in U.S. by Forbes

    Andrew CiscelFind work here.​The headlines never seem to let up about the crappy American economy, and how tough it is to find a job. But Forbes is out with a new list today that says Minneapolis and St. Paul have the fourth-best job market of any major city in the country. The best was Wash ... More >>

  • Blogs

    January 3, 2011

    Mark Dayton sworn in as governor today [UPDATE]

    Mark Dayton will be the next governor of Minnesota.​Be careful what you wish for, the old saying goes. Mark Dayton took the oath of office as Minnesota's governor at noon, the first Democrat to hold that office in decades.

  • Blogs

    March 19, 2009

    Downer of the Day: Minn. unemployment rate still on the rise

    That's a jump from 7.5 percent in January and matches the national average. It will get worse before it gets better unfortunately.

  • Blogs

    February 25, 2009

    Dueling headlines during economic misery

    "Recession Could End This Year, Fed Chief Says" (Washington Post) vs. "Bernanke: Recovery Will Take Years" (CNN).

  • Blogs

    December 16, 2008

    Best Buy: Can it weather the recession?

    BestBuyLogo.jpg
    Is Best Buy really suffering like the rest of us? The numbers ... More >>

  • Blogs

    October 24, 2008

    Minnesota job outlook worsening

    laidoff.jpg Think the job outlook is bad now? It could get worse.

  • Blogs

    October 16, 2008

    Lost your job? Good luck finding a new one

    New employment numbers for the state were released today. While there is a crumb of good news in the data, the number of jobs ... More >>

  • Blogs

    October 15, 2008

    More bang for your buck in the Twin Cities

    minneapolis_skyline.jpg In tough economic times, aren't you glad to live in one of the 10 best metro areas to get the ... More >>

  • Blogs

    March 27, 2008

    We're Number 11!

    The Department of Commerce reported yesterday that Minnesota's per capita income rose to $41,034 last year, good for 11th highest in the land. Once again, we are totally above average.

  • Blogs

    February 7, 2008

    Make your payments, lose your house

    Want to know all you need to know about how adjustable rate mortgages have devastated the housing market? Read the first few paragraphs of this article.

  • Blogs

    January 8, 2007

    Free will or flat broke?

    The working poor choose to get screwed again.

  • Blogs

    June 8, 2006

    Minnesota by the numbers: We're number 44!

    If you believe the cheerleaders, the Minnesota economy is going gang-busters these days. Much of the credit, the argument goes, belongs to the Pawlenty administration, which has supposedly cultivated a much more business friendly environment by slashing taxes and reining in spending. Not surprisingl ... More >>

  • Blogs

    April 18, 2006

    T Paw's Alternate Universe

    In his hour-long appearance on Minnestoa Public Radio's Mid-Morning show today, Governor Tim Pawlenty displayed two of the gifts that make him an effective politician: a relaxed, confident manner and a wonkish capacity to marshall statistics that bolster his arguments. But in sparring with host Kerr ... More >>

  • Blogs

    February 28, 2006

    Stop me if you've heard this one: Minnesota's running a surplus

    How do you create a budgetary "surplus" despite an economy that lags behind the national average in terms of job growth? By pretending inflation and court rulings don't exist.

  • Blogs

    February 15, 2006

    Minnesota by the numbers: The rich do keep getting richer

    There is a compelling argument to be made that the defining characteristic of the U.S. economy over the past two decades has been the steady rise in income inequality between classes. Sure, there is some truth to the old Reagan era aphorism that that a rising tide can lift all boats. But there is al ... More >>

  • Blogs

    December 2, 2005

    The Fake Surplus

    Here we go again. At least once or twice a year, the folks in the Pawlenty Administration call a press conference, use the economic forecast to paint an artificially rosy picture of the state budget, and spin themselves a windfall of positive publicity. The irony is, if the Governor and his crew str ... More >>

  • Blogs

    December 2, 2005

    Fact check: the black hole of consumer confidence

    nomoney.jpg
    The last Gallup consumer confidence survey for November found only 37 percent rating the health of the economy as "excellent" (5 ... More >>

  • Blogs

    November 28, 2005

    Freakonomics abortion/crime claim takes a hit

    freakonomics.jpg
    Here's a note for everyone with a copy of Steven Levitt's monster bestseller Freakonomics sitting on a nightstand or besid ... More >>

  • Blogs

    September 6, 2005

    Norm's conquest

    Junior Senator's reponse to Katrina: Tax cuts for all my friends! It may have been Labor Day, but the powers that be in Minnesota Sen. Norm Coleman's office were apparently hard at work devising a plan. Coleman is clearly becoming a sort of trial-balloon politician for the neo-con agenda's most egr ... More >>

  • Blogs

    August 29, 2005

    Jobs Scam: A Q&A With Greg LeRoy

    Trust: coming soon in handy prescription inhaler

    Or maybe in your tap water... The Washington Post reports on a study said to have "profound implications about the nature of human trust." Researchers in Zurich claim that huffing a dose of the hormone oxytocin (its main medical use at present is inducing labor in farm animals) makes test subjects m ... More >>

  • Blogs

    May 25, 2005

    Boy in the Bubble

    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 >>

  • Blogs

    March 15, 2005

    Goldman-Sachs note excerpts

    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 >>

  • Blogs

    March 15, 2005

    Uh oh: the housing bubble and consumer spending

    Yesterday's Goldman-Sachs financial markets note contained some astounding numbers about the extent of borrowing against home equity in the US. In 2004 Americans drew down their home equity to the tune of more than half a trillion dollars for the second straight year: $528 billion in '03, $640 bil ... More >>

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