Commentator tells Minnesotans to "buck up" in bad economy These financial times are a little uncertain, but commentator Peter Smith says, "Buck up." You're a Minnesotan for heavens sake. You come from great stock, and no matter how bad that 401K statement looks, you were born with an old-fashioned, down-home gumption gene.6:55 a.m.
Sarvi, Kline hold first formal debate in Chaska Republican Congressman John Kline and his DFL challenger Steve Sarvi have crossed paths from time to time on the campaign trail this year, but Monday they met for their first formal debate in Chaska.7:20 a.m.
U.S. Treasury To Follow Europe, Invest In Banks
President Bush announced plans Tuesday to pump billions of dollars in new capital into U.S. banks. The package follows similar steps by European governments announced Monday. In both cases, the moves will deepen government roles in the economy.
McCain Hopes Economic Plan Closes Gap In Polls
The presidential election is three weeks away. According to polls, Democrat Barack Obama has a double-digit lead over Republican John McCain. The economy has become the top issue. McCain is expected to announce his economic plan Tuesday in Pennsylvania.
Economic Downturn Fuels Coupon Use
The downturn in the economy is fueling a robust trade in coupons. In addition to the traditional coupons that people clip from newspapers and other printed sources, Web sites and blogs offer tips and links to coupons. Some companies are also sending out coupons as text messages.
Tough Times Force Woman Back On Welfare
Forty years after getting off welfare, commentator Mary Sojourner finds herself signing up for benefits again. And she learns that the faltering economy has put a lot of neighbors in her small California desert town in the same situation.
Markets Rebound On Bank Proposals
The London Stock Exchange has been digesting news that the British government will inject some $65 billion into three of the country's main banks. Stocks are up sharply in London, and elsewhere in Europe, as other European Union countries followed suit. President Bush announced Tuesday that the U.S. government will purchase shares in ailing American banks.
Will McCain's Health Plan Lower Prices?
A key element of John McCain's health plan, would allow people to buy insurance from other states — that's currently prohibited. The GOP presidential hopeful says it would open markets and bring prices down. But critics say it has the potential to drive up prices dramatically for sick people and deprive patients of important consumer protections.
Strong Men Compete In Charleston, W. Va.
They carry refrigerators, dead lift cars and pull airplanes — all in an effort to prove they're the strongest. The World's Strongest Man competition was held last month in Charleston, W. Va.
Spanish Bank Buys Rest Of Sovereign Bancorp
While stock prices jumped Monday, U.S. bank stocks are way down from their highs. And that makes them still a bargain for healthy foreign banks willing to take a chance. Spain's biggest lender, Banco Santander, is buying 75 percent of Penn.-based Sovereign Bancorp. Sovereign has 750 branches and is the largest surviving U.S. savings and loan. Santander already owned a quarter of Sovereign's stock.
General Motors To Close Plants
GM has announced plans to close a Michigan metal stamping plant and stop making sport utility vehicles in Wisconsin by the end of the year. Workers at both plants will get most of their pay from the company and unemployment benefits for up to two years under their union contract.
California Tries To Raise $4 Billion In Bonds
Officials in California begin selling billions of dollars worth of bonds Tuesday. The state held off until now because of turmoil in credit markets. But officials say other states have managed to sell bonds, and they are gambling that the money is out there to cover at least part of the state's needs.