BUSINESS

    The stock markets' leading economic indicator: fear

    Compiled by Roger Buoen | Friday, Nov. 21, 2008

    Fear has gripped the financial markets, with stocks falling to the lowest levels in more than 10 years. This week the Standard & Poor's index of 500 stocks fell by more than 6 percent on two consecutive days. That hasn't happened since the Great Depression. Here's what analysts say is going on. (Warning: It's disturbing.)

    Auto bailout divides Minnesota's congressional delegation

    By Catharine Richert
    Thursday, Nov. 20, 2008

    WASHINGTON, D.C. — The question in Congress this week is whether the auto industry should get a bailout from the government, but lawmakers — including Minnesota's congressional delegation — are sharply divided over how to do it.

    Arrowhead region's businesses hoping Minnesotans will travel, but not far

    By Catherine Conlan
    Thursday, Nov. 20, 2008

    TWO HARBORS, MINN. — Fall colors helped tourism in northeast Minnesota do well, even in the poor economy; now resorts and attractions cross their fingers for a strong winter-sports season.

    Staffing problems for nation's air traffic control system are growing, but Minnesota is doing better than most

    By Dan Haugen
    Monday, Nov. 10, 2008

    The Federal Aviation Administration faces an unprecedented retirement bubble that is causing problems in staffing airport towers with enough experienced air controllers. Minnesota's situation seems better than many. But as a result of unhappy workers taking early retirement, the nation's traveling public can expect more delays and inconvenience but not necessarily safety risks, observers say.

    Shouldn't banks use bailout money to lend, not buy other banks?

    By Kristin Jones, ProPublica | Wednesday, Oct. 29, 2008

    Congressional Democrats and the White House are begging banks to lend out the bailout money they've received instead of using it to acquire other banks. But analysts said it isn't necessarily so terrible for banks to be merging right now. Expect higher ATM fees, however.

    Why are key details in documents from the bailout secret?

    By Ben Protess, ProPublica | Thursday, Oct. 22, 2008

    The U.S. Treasury Department has decided against publicly releasing key details of the contract it awarded Bank of New York Mellon to keep the books for the government's purchase of toxic securities.

    How will Treasury decide which banks to save? Just trust them

    By Paul Kiel, ProPublica | Wednesday, Oct. 22, 2008

    Over the coming months, the Treasury Department will be doling out $125 billion to financial institutions. It will decide which banks get taxpayer money in private, using a secret set of criteria.

    Target Center: Back in play with a personal boost from a powerful, familiar exec

    By Jay Weiner
    Wednesday, Oct. 22, 2008

    Tim Leiweke, a powerful figure in the arena business, has a proven track record and a tendency to get his way. So, when he starts talking about the future of Target Center, residents in Minneapolis, St. Paul and Hennepin County — and state lawmakers — ought to pay attention. He's out to jump-start an effort to renovate the 18-year-old, tired Target Center.

    Religious groups keeping the faith on finances but worry about agencies that help needy

    By Joe Kimball | Tuesday, Oct. 21, 2008

    There's some concern but no panic, as area religious communities assess the impact of the economic meltdown on their operations. Leaders say they believe their flocks at churches, synagogues and mosques will continue to dig deep when the collection plates and donation envelopes come around. But some worry that religious agencies working with the poor may be hampered.

    MinnPost ethanol series wins environmental journalism award

    A four-part MinnPost series, "Ethanol in Minnesota," has won second prize in the Society of Environmental Journalists annual awards for online journalism.

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