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Forum tries to sort out complex fallout from subprime debacle

Roger Conant, who spoke first at a forum Monday evening to discuss the subprime crisis, got right to the point. The nation, he said, is in the midst of a gigantic transfer of wealth from Main Street to Wall Street. Read more…

Proposed standards may get pushback from nonprofits

The Charities Review Council is changing its accountability measures and some of the proposed standards could become hot potatoes in the nonprofit community. Read more… By Scott Russell 

Service finds matches for openings on nonprofit boards

When the Twin Cities Housing Development Corporation has a board opening, it struggles to find volunteers with the financial and real estate savvy needed to help guide multimillion-dollar housing deals.Last year, TCHDC executive director Barbara McQ

Expanded definition of fundraisers is puzzling nonprofits

Beware the Minnesota Department of Revenue’s “randomly selected audits.”Such an audit concluded that the nonprofit White Bear Center for the Arts owes more than $5,600 in back sales taxes on four years of fundraising events.

Bear Stearns news makes tense day for area financial folks

Twin Cities brokers, money managers and financial advisers were riveted to their television screens, computer monitors and telephones Monday, in the wake of the takeover engineered by the Federal Reserve of the Bear Stearns investment firm.

Fed sees sluggish job growth, with state lagging the region

Slower growth, but no recession.
That’s how the Federal Reserve Bank of Minneapolis thinks the new year will play out in its far-reaching territory, which stretches from Michigan’s Upper Peninsula to the western border of Montana.
Tobias Madden an

Booming foreclosures fueling rise in Dolan Media’s stock

The bad news for homeowners is still the good news for investors at Minneapolis-based Dolan Media.
The company’s stock has become one of the splashiest new issues to hit the market this year, thanks in part to its booming mortgage foreclosure busin