Saturday, July 19, 2008

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Economic Downturn
Economic Downturn
High food and fuel costs have led to the demise of the Twin Cities-based online grocery service Simon Delivers. (07/15/2008)
Bernanke, Cox testify at Senate hearing
U.S. Bank, one of Minnesota's largest banks, today reported its second quarter earnings slumped nearly 20 percent to $950 million. (07/15/2008)
Wanda Hoyum
The sagging economy is putting a pinch on Minnesota's nonprofit sector. High demand for services and shrinking budgets are putting some nonprofits in crisis. Some say the problem may be worse in greater Minnesota. (06/26/2008)
Midday examines the latest economic news, from inflation to interest rates to sagging sales in the housing market. (Midday, 06/25/2008)
U.S. home prices tumbled in April at the fastest rate since a widely followed index was begun in 2000 with all 20 metropolitan areas surveyed posting annual declines for the first time. (06/24/2008)
As the price of food and gasoline continues to rise, older Americans on fixed incomes are finding it more difficult to make ends meet. (05/16/2008)
The annual Kids Count survey shows 150,000 Minnesota children live in poverty. The Children's Defense Fund says that's the highest level this decade. (05/14/2008)
A Twin Cities think tank is warning that record prices for farm land and crops could be setting up an "economic bubble" that poses risks for farmers in Minnesota. (05/06/2008)
Brooklyn Park entrepreneurs are cooking up a way to survive the economic slowdown. (05/02/2008)
With the Federal Reserve's seventh interest rate cut, falling consumer confidence, rising prices for food and energy, an increase in unemployment claims and a still crumbling housing market, Midday examines the latest economic news. (Midday, 05/01/2008)
U.S. Rep. Barney Frank, D-Mass., recently discussed the government's role in addressing the country's growing economic troubles with New York Times columnist Paul Krugman in John F. Kennedy Library Forum conversation. (Midday, 05/01/2008)
The Federal Reserve cut a key interest rate by a quarter-point Wednesday, a smaller move than the aggressive easing it undertook earlier this year. There were signs the Fed may believe it has done enough to prevent a deep recession. (04/30/2008)
State officials say it appears jobs will be few and far between for teens looking to earn a paycheck this summer. One national study predicts teen employment could fall to its lowest point ever during the summer months. (04/30/2008)
President Bush addresses growing public concern about home mortgages, rising costs of energy and education and other economic issues during a news conference today. (Midday, 04/29/2008)
As April draws to a close, Minnesotans usually think about turning off their furnaces and radiators for the season. But in many cases, utility companies are doing it for them. (04/29/2008)
Photo by AFP/Getty Images

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