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NewsCut

MPR News Reflections and observations on the news

Economy

Economy

How’s your economy?

Bob CollinsBob Collins February 16, 2017, 6:57 AM Feb 16, 2017
34

The New York Times’ Upshot blog shares a little secret today: The economy is taking off and a lot of people haven’t noticed. Read more →

Economy · People doing good

The guy with the ‘homeless vet’ sign really is a homeless vet

Bob CollinsBob Collins February 15, 2017, 6:37 AM Feb 15, 2017
5

William Tentis, 64, is one of the many people who hold cardboard signs around St. Paul.

His says ‘Veteran.10 yrs Army. God Bless.’

It’s been five years since he’s held a job Read more →

Economy

The house that Gehrig once fixed up

Bob CollinsBob Collins February 13, 2017, 2:08 PM Feb 13, 2017
0

It’s only a house that’s the subject of a New York Times story today about a house once purchased by Lou Gehrig, but it’s got plenty of history to document that people can be awfully tough on people.

Read more →

Economy · Politics

Pipeline projects won’t do much for the Iron Range

Bob CollinsBob Collins February 13, 2017, 10:13 AM Feb 13, 2017
13

The people on the Iron Range, whose politics now matches the color of its topography, have a lot riding on the president’s promise to bring the steel industry back. Read more →

Economy

Farewell, skyway to nowhere

Bob CollinsBob Collins February 13, 2017, 8:11 AM Feb 13, 2017
1

For 15 years it stood as a symbol of development dreams denied. When a building was knocked down in 2002, it stayed in the belief that some developer would see the ‘opportunity’ (as we call empty buildings and lots in downtown St. Paul) and build a new one.
Read more →

Economy · Politics

Farm country could lose big in a trade war

Bob CollinsBob Collins January 26, 2017, 3:07 PM Jan 26, 2017
34

With the announcement this afternoon that President Donald Trump wants to charge a 20% tax on imports from Mexico to pay for his wall across the country’s southern border, there’s a fair chance of an all-out trade war erupting.

What happens then? Read more →

Economy

The Dow at 20,000: Pretty to look at but not real meaningful

Bob CollinsBob Collins January 25, 2017, 11:04 AM Jan 25, 2017
38

Anyone who actually knows the market knows that past performance is no indication of future results. Obama’s 16 percent drop in value over the same period of time as Trump’s 6 percent increase only tells us one thing: Markets go up and markets go down.
Read more →

Economy

Against the odds, mom-and-pop hardwares hang on

Bob CollinsBob Collins January 9, 2017, 9:39 AM Jan 9, 2017
24

At least for most us suburbanites, the steady march of chain-store America has overwhelmed whatever defense small business could mount. Businesswise, at least, if you’ve seen one town, you’ve seen them all.
Read more →

Economy · People doing good

The gift of the repo man

Bob CollinsBob Collins January 7, 2017, 7:05 AM Jan 7, 2017
2

Given the current state of affairs, we’ll take a heartwarming story anywhere we can find it, and Steve Hartman’s latest effort certainly fits the bill.
Read more →

Economy

Why automakers make cars in Mexico

Bob CollinsBob Collins January 3, 2017, 8:07 AM Jan 3, 2017
26

Donald Trump was at it again with a sunrise tweet aimed at General Motors.
Read more →

Economy

Minnesota’s oldest co-op store closing after 122 years

Bob CollinsBob Collins December 30, 2016, 1:30 PM Dec 30, 2016
11

It’s a reminder that the people are not necessarily bystanders to what happens to businesses and the icons of their region. Communities get whatever communities will support. Read more →

Arts & Culture · Economy

The age of vinyl dies in Superior

Bob CollinsBob Collins December 13, 2016, 2:15 PM Dec 13, 2016
7

It’s entirely possible the alleged resurgence of vinyl has been overstated. Read more →

Economy

The dying of upward mobility

Bob CollinsBob Collins December 8, 2016, 12:45 PM Dec 8, 2016
53

The percentage of people making more than their parents dropped to 58 percent by 1992 from 92 percent in 1970. By 2014, it stood at 50.2 percent. Read more →

Economy

Are store cashiers the next disappearing job?

Bob CollinsBob Collins December 5, 2016, 1:04 PM Dec 5, 2016
82

The Amazon Go store is being tested in Seattle. Walk in, take what you need, and pay automatically. Who needs humans?

No doubt there are plenty of reasons why this is a great idea. And yet, the future is scary.
Read more →

Economy

Booze isn’t a cure for what ails small-town Minnesota

Bob CollinsBob Collins December 3, 2016, 8:19 AM Dec 3, 2016
17

Running a liquor store in rural Minnesota seems like a great way to lose money, especially if it’s the town running the store.

The Minnesota State Auditor has found net profits for municipal liquor stores dropped nearly 9 percent in 2015 compared to the year before, the Rochester Post Bulletin reports.
Read more →

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