Posted at 6:57 AM on October 28, 2008
by Bob Collins
(4 Comments)
Looking into the news crystal ball:
On the first hour of Midmorning, Kerri Miller and her political analyst guests will look at the undecided vote. I noticed on Twitter that there's been an increasing number of people characterizing the undecided voter at this late stage in a bad light. Perhaps it's not that they're uninformed, as the narrative goes, but they're simply not happy with the choices presented to them; sort of like the Star Tribune not endorsing anyone in the 3rd District.
The second hour looks at Dracula through the ages, a topic that nearly got it disqualified from this post.
In the Senate race, Gov. Tim Pawlenty is campaigning with Norm Coleman in Farmington, Inver Grove Heights, North Oaks, Hugo, Ham Lake, Anoka, Otsego and St. Paul. With the exception of St. Paul, Coleman is plowing fertile ground. Of the more than two dozen precincts in the suburbs above, Coleman lost only two to Walter Mondale in 2002 -- one in Ham Lake and one in Inver Grove Heights. (Here's the spreadsheet if you'd like to play).
Franken is also sticking close to the base. He's campaigning in St. Paul today with NARAL Pro-choice America President Nancy Keenan and U.S. Senate Democratic Whip Dick Durbin (D-IL). Last night he attended a rally at Bemidji State University. Franken will also be in Rochester.
ACORN is having a get-out-the-vote rally at 4:15 today. The group has been the centerpiece of an anti-Obama effort by McCain forces.
Quick! Name 4th District congresswoman Betty McCollum's opponent? You can find out during the first hour of Midday when he and McCollum "debate" during the first segment, The candidates in the 5th District will be featured in the second segment. In the 2nd hour Midday will have some stump and policy speeches from various candidates.
The latest news on the bailout package? Guess who's looking for a wad of the cash now? The auto industry. The New York Times reports today that GMAC -- the financing arm of General Motors -- may become a bank holding company, thus making it eligible for bailout cash.
Chrysler and GM will need cash to merge, the story says. Overnight, ratings services reached deeper into the alphabet to lower the credit rating of both companies, and may soon have to adopt a new rating -- rathole.
What happens if you go to the bank these days? On All Things Considered tonight, MPR's Marty Moylan has a look and finds that banks are lending to credit-worthy customers (and defines that), but that hasn't stopped businesses from worrying about it.
Bank failures are becoming more common -- and undercovered. But the smaller banks must have some cash because when a bank failed in Georgia last week, it was a St. Cloud bank that came to the rescue.
In Washington this morning, owners of small businesses will testify about the economy. No Minnesotans or plumbers are among them.
After all these years, sad stories from the family farm seem to go in one ear and out the other, but this is one worth pulling up a box of Kleenex for. On All Things Considered tonight, MPR's Mark Steil profiles a family facing its last harvest. A son was supposed to take over the family farm, but Gary Richards, 44, has Lou Gehrig's disease and can't do it anymore.
One item not in Mark's story: Richards and his wife were named this year's Steele County farmers of the year.
It's one of those stories that makes you think that in all the hours of political debate, some wise journalist could've slipped "stem cell research" onto the list of questions being asked of the candidates for office. As you look back on this campaign -- especially for Senate -- it's amazing how many issues haven't been discussed that are quite likely to come up in the next few years.
The Minneapolis Youth Convention gets underway this afternoon at the Civic Center. In three hours, they'll talk about issues facing kids in the city
The Minnesota Indian Business Conference opens at Treasure Island. Margo Gray-Proctor, who runs an engineering firm, is the keynote speaker on how Indian companies can compete in today's economy. Here's a little background on her.
Bud Grant, Ron Schara and some other outdoors leaders are holding news conferences around the state to push for the sales tax increase for outdoors and cultural programs.
Mayor Chris Coleman of St. Paul is announcing a plan this afternoon to provide bus service to kids participating in after-school and no-school day programs.
In New Ulm tonight, they'll talk about how residents can cut their risk of heart attacks. Dan Buettner, author of "The Blue Zones: Lessons for Living Longer
from the People Who've Lived the Longest," is the keynote speaker.
NPR profiled Buettner and the idea of "blue zones" last June:
Buettner says one such zone, the Italian island of Sardinia, has the highest number of male centenarians in the world, while another, Okinawa, Japan, has the longest disability-free life expectancy. In Loma Linda, Calif., a community of Seventh Day Adventists has a life expectancy that's nine to 11 years greater than that of other Americans. And middle-age mortality is lowest on Costa Rica's Nicoya Peninsula -- where Buettner says middle-aged residents have about a four-fold greater chance of reaching age 90 than people in the United States do.
They might finish the World Series game today. Maybe not. The feds could stash a person in witness protection on either one of these teams and he'd be just fine.
What's on your agenda today?
Posted at 8:23 AM on October 28, 2008
by Bob Collins
(0 Comments)
Filed under: Economy
A press release from a hedge fund owner has ignited some debate over the future of Minneapolis-based Target Corp.
"Pershing said it will present details on Wednesday about a potential transaction that the firm reckons 'will build long term value for Target,'" the release said.
Since Pershing first disclosed its stake in Target, there's been speculation that the hedge fund firm may try to find a way to unlock the value of Target's large real estate holdings, according to Marketwatch.
Target owns its stores, while chains like WalMart lease their space.
It's probably worth remembering that when KMart was sold off years ago, it was to get at the value of the real estate.
Pershing already has a 10-percent stake in Target. Here's an old Star Tribune profile of Pershing's boss, Bill Ackman, who -- the Star Tribune notes -- doesn't always play nice.
Posted at 10:16 AM on October 28, 2008
by Bob Collins
(2 Comments)
Filed under: Politics
A colleague of mine has forwarded this call left on a friend's voicemail system.
Kids, stay in school, learn to read, and maybe you won't have to work making phone calls in the last week of a campaign.
There's been a lot of complaining about robocalls (I'm not sure this constituted a robo call) in this campaign. Has anyone ever actually been swayed by one?
(h/t: Michael Wells)
Posted at 11:12 AM on October 28, 2008
by Bob Collins
(0 Comments)
How bad is the budget going to be at the state Capitol in January? Bad. Nan Madden at the Minnesota Budget Project writes on her blog today that Gov. Pawlenty has sent instructions to state agencies to plan for a 5-percent reduction in their general fund spending. That's about $1.8 billion.
She thinks the governor's budget will include steeper cuts in some areas, less in others. And she doesn't think that the budget deficit -- the size of which will be unveiled next month -- will be closed just through cuts.
While I would assume that the Governor's FY 2010-11 budget will try to address the budget deficit through a significant and painful amount of cuts, that does not mean the deficit will be made up entirely through cuts. We're likely to see one-time savings through timing shifts, such as delaying payments to school districts. This move has been done to address past deficits, and its use in the 2009 Legislative Session seems quite probable.
Posted at 11:49 AM on October 28, 2008
by Bob Collins
(2 Comments)
Filed under: Politics
Via @pbsengage on Twitter, I was reminded today of how difficult it used to be to vote in America.
I've actually found myself wondering if my vote was counted the first time I used one of these machines (in the '70s). After flipping all the buttons, you pulled a lever that would register your vote and open the curtain. I didn't know that. So I flipped all the appropriate levers down, assuming that registered my vote, flipped it back up, and left.
According to a site that documents the history of voting machines, these were first used in the late 1890s, were known as the Meyers Automatic Booth and were last used by 27% of voters in the 1996 presidential election.
Posted at 12:15 PM on October 28, 2008
by Bob Collins
(2 Comments)
Filed under: Economy
The sales price of homes has fallen again. The Standard & Poor's Case/Schiller Index for August was released today, showing home prices falling about 1 percent in 20 metropolitan cities.
"The downturn in residential real estate prices continued, with very few bright spots in the data," David M. Blitzer, Chairman of the Index Committee at Standard & Poor's, said in the statement.
The index is particularly fascinating because it measures the sales price of a home, compared to the last time it was sold.
Minneapolis is one of the metro cities measured, and registered a 14% drop in home prices from a year earlier, but declined only 1% from July to August. According to the index, home resale prices had been rising since April. Home resale prices are now about what they were in May 2003. By comparison, home resale prices in America's basket case -- Detroit -- are what they were in 1999.
Here's the spreadsheet if you'd like to play.
Teresa Boardman has a chart on her blog today showing a closing gap between the number of houses being listed, and the number selling.
The sour economy has hit northern Minnesota today with the announcement from Cleveland Cliffs that three taconite furnaces on the Iron Range are being shut down, as the demand for steel has waned.
Little wonder, given the news of the last month, that a survey of consumer confidence has revealed it is at its lowest ever.
Posted at 1:48 PM on October 28, 2008
by Bob Collins
(1 Comments)
Filed under: Health, Science
File this in the "news you'd hear if it weren't for politics" file.
At a conference on infectious diseases today, University of Virginia researchers released a study of the common places where people pick up colds.
The researchers started with 30 adults with early symptoms of colds and retraced the things they touched in the previous 18 hours, using DNA tests to hunt for rhinovirus, which causes about half of all colds.
"We found that commonly touched areas like refrigerator doors and handles were positive about 40 percent of the time" for cold germs, said Dr. Birgit Winther, an ear, nose and throat specialist who helped conduct the study.
The culprits:
The researchers also figured out that a person touching these items could catch the cold virus even if it had been 48 hours since the person transmitting the cold had touched them. This, apparently, is not true for the flu virus.
Why can't we cure the common cold? The Buffalo News has a sensational article analyzing that today. The short answer? There's too many viruses. Another answer: Viruses are smarter than we are. For example, the reason a cold isn't more severe than it is is because the virus needs you to walk around infecting other people
Posted at 3:00 PM on October 28, 2008
by Bob Collins
(1 Comments)
Filed under: Economy
We interrupt the steady drumbeat of bad news for this message.
Whooo hooooo!
The Dow closed almost 900 points higher today. And it all happened in the final hour of trading. It was the second-largest point gain in history -- the largest was just two weeks ago.
According to the Associated Press, bargain hunters were buying "in anticipation of a Federal Reserve rate cut, (and) grabbed stocks that have been pounded lower in recent sessions."
Is that a bottom?
Posted at 4:13 PM on October 28, 2008
by Bob Collins
(7 Comments)
Looking at the number of items indexed by Google for Joe the Plummer, one wonders if things would be different if Joe were, say, a teacher.

Hint: "Plummer" is spelled plumber.
Joe, by the way, endorsed John McCain today.
(h/t: Nikki Tundel)
Posted at 5:05 PM on October 28, 2008
by Bob Collins
(0 Comments)
Filed under: Tech
I wrote yesterday about the promotion from St. Paul-based Codeweavers to give away their software free today. It allows Linux and Mac users to run Windows on their machines. The promotion got away from the firm, though, and the server crashed at one point:

A revised home page replaced the Web site at mid-afternoon, however, and the company was back in the free-software business. By late afternoon, according to the CEO Jeremy White, about a half million users had flooded the company's site.
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