The rains of June 19 still haunt Christine Anderson. The deluge began by wending its way through the cracks of her four-bedroom home at the corner of Stryker Avenue and Winona Street in St. Paul. Inch by inch, her basement filled. Water pushed its way through the laundry room. In minutes it flowed ... More >>
Pioneer Press staff say the paper's current owner, NYC-based hedge fund Alden Global Capital, is running it into the ground, and on Monday the newspaper guild ran an ad in the Star Tribune asking Alden to sell.With the PiPress having established itself as the slightly more conservative Twin Cities a ... More >>
For Steve Markusen and his Minneapolis hedge fund management firm, Archer Advisors LLC, the fraud and dirty tricks went deep. It started in 2008, stealing cash from investor money and putting it illegally toward employee salaries. As the fund suffered near the end of the charade, the illegal tactics ... More >>
Today, the Pioneer Press's guild-represented staff took the dramatic step of taking out an ad in the Star Tribune asking its current owners, New York City-based hedge fund Alden Global Capital, to sell the paper.Alden "is more interested in dismantling the newspaper to increase profits than in inves ... More >>
The perennial worst director is gunning for the bastards -- and respect
Country club Sopranos get kid-glove treatment for high crimes
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 >>
Wall Street and Washington conspire to destabilize the U.S. economy, one barrel of oil at a time
Amy Klobuchar and Al Franken are sponsoring legislation aimed at reigning in oil speculators. The average price of gas in Minnesota around $3.73, and similar pump pain being felt throughout the country, there's pressure on lawmakers to do something, anything, to bring prices down.A group of liber ... More >>
Minneapolis/St. Paul Business JournalChris Meyer's small Mpls company served as a case study in Facebook's IPO.In Facebook's IPO, CM Photographics, a small Minneapolis wedding photography company, served as a case study of how advertising on the social network can benefit mom-and-pop businesses. ... More >>
Tim and Mary Pawlenty, happily signing away all your jobs.First we learned Minnesota is taking all the jobs in America. Now we know that China is taking all of Minnesota's jobs. So, A minus B, minus China, times infinity... soon China will have every single job in America.Well, maybe it's not tha ... More >>
Buffalo Wild Wings has started the summer off with some spicy-hot profits: shares of the company are at an all-time high. The stock hit a share price of $68.38 two days ago, more than 50 percent up from stock prices last year, says Matt DeFrisco of Lazard Capital. Yesterday, stock rose even ... More >>
He's telling the truth. Trust him.It's the "Truth" tour: Tim Pawlenty went to Iowa and told corn farmers they didn't deserve ethanol subsidies. He went to Florida and told the oldster-heavy state the Social Security and Medicare ride was over. And now he's telling Wall Street the bailout da ... More >>
Blame the speech writers!Michele Bachmann is a force of nature when it comes to raising campaign cash. She busted all kinds of fundraising records in her 2010 race for re-election to Congress. She hauled in $2.2 million in the first three months of this while teasing everyone with the idea sh ... More >>
Michele Bachmann attributes the Wall Street bailout to Obama, not Bush.Michele Bachmann has flunked American history again. "When he came in as the president of the United States," she said of Barack Obama yesterday in South Carolina, "he decided we had to have this $700 billion bailout of Wall ... More >>
Photo: whitneybeeMinnesotans: Financial dunces?Northwestern Mutual Life Insurance is out with a study that would have us believe that Minnesotans are illiterate when it comes to financial knowledge. Sure. Can we see a show of hands from folks who know how Index funds work and whether bond in ... More >>
Oliver Stone's sequel lets the bad guys off easy
Photo: cometstarmoonKeven LawWhat about racism at tea parties?The Republicans, led by Michele Bachmann, are trying to figure out how to co-opt tea partiers, and the Democrats said yesterday they're happy to let the Republicans do it. You want to stand with folks determined to end Medicare, pr ... More >>
When will Wall Street decide to bail on the Strib?The Star Tribune is among the papers featured in an intriguing look at the potential for hedge funds to further disrupt the already fragile business model of local daily newspapers.The article spotlights Angelo, Gordon, & Co., a hedge fund tha ... More >>
Those poor AIG executives. So bailed out under Bush by taxpayers. So persecuted. Yet somehow, so much richer today.
For Trevor Cook, accused with a syndicated radio talk show host of running a $190-million Ponzi scheme from the Van Dusen Mansion, the law appears to be tightening its grip.
Petters made all kinds of excuses while he continued to live like a "big-time wheeler-dealer," "swashbuckling industrialist" with his "Blackberry abuzz."
Is bad economy leading to serious depression?
Bachmann reassures us she isn't "being a kook". So glad to hear it. We were getting worried.
Bachmann introduced a bill that ensures that the dollar will never disappear. Because it was totally going to happen any day now.
The economic stimulus package could help you keep your house ... or maybe the money will go to the guy down the street. Here's where to go for help.
The Senate passed the financial bailout plan Wednesday night with a 74 to 25 vote for the White House initiative to buy troubled securitie ... More >>
As America watches in horror as Wall Street crumbles, Minnesota companies are holding their ground. Most aren't seeing the best of times, but analysts are suggesting that buyers hold or buy some of the top stocks from Minnesota-based companies.
Maybe we missed something in our basic economics courses, but we were never told investing in bad d ... More >>
In an age of propaganda and over-blown threats, it’s nice to just have a normal conversation every once in a while. This seems to be the sentiment behind the Citizens League and 89.3 The Current’s ‘Policy and a Pint’ series.
Edina City Council votes to deny revenue bonds from a Christian school amid First Amendment concerns, pressure from the ACLU
While the health insurance industry's booty will remain considerable, particularly in the eyes of the wage-slaves who can no longer afford health insurance, all signs are that it's poised to dwindle.
The enlightened self-interest of brewing a great cup of coffee
At the Minneapolis Grain Exchange, commodity traders are an endangered species
The Edison Project's formula is simple: Take a Minneapolis public school, add some entrepreneurial savvy, and watch the profits roll in. Trouble is, it doesn't add up.