Economy

With St. Paul–based Xcel Energy on pace to disconnect power to some 70,000 Coloradans this year for nonpayment, energy activists there are openly questioning why ratepayers should pick up the tab for lavish executive board-member dinners, hotel and spa retreats and luxury box tickets to professional sports games. But those who want the Colorado Public Utilities Commission to establish a firm policy cracking down on such excesses likely won’t get their wish anytime soon, according to a commission spokesman.

As the foreclosure crisis worsens, renters increasingly have become caught as innocent bystanders, evicted often without notice when their landlord faces foreclosure.

The Chisholm cultural institution known until last summer as Ironworld will lay off 26 full-time staff members Friday and on Satuday close its doors to visitors. The Minnesota Discovery Center, originally a state-funded effort now struggling as a private nonprofit, has suffered in the economic downturn. But like the mines that anchor the Iron Range [...]

Asked what the biggest threat facing Minnesota now is, gubernatorial candidate and state Rep. Tom Rukavina, DFL-Virginia, is quick with an answer: Gov. Tim Pawlenty’s unallotments. In a video by Craig Stellmacher, Rukavina says the legislature “should’ve come out swinging” immediately after Pawlenty decided unilaterally to cut $2.7 billion from the state budget. He believes [...]

In headlining Thursday’s “House call” protest against health-care reform, U.S. Rep. Michele Bachmann was going rogue on her own party’s leaders, who had hoped to focus the day’s attention on their own 12-hour, online health-care “town hall.”

Gov. Tim Pawlenty unveiled a proposal on Tuesday to amend the state’s constitution in order to keep a lid on government spending. His plan would cap the size of the state’s general fund budget at the amount of revenue received in the previous two year cycle. But according to figures compiled by the Senate Majority [...]

Gov. Tim Pawlenty believes Minnesota has a “binge” spending problem. In order to fix this addiction, he’s proposing a rather radical solution: an amendment to the state’s constitution that would strictly limit future expenditures. Democrats say it’s simply a stunt to bolster Pawlenty’s presidential ambitions.

US Bank is putting its brand on nine banks, but it’s not necessarily an indicator of a robust economy: the Minneapolis-based bank, a division of US Bancorp, is assuming the assets and most of the debts of nine banks that closed on Friday. It was a record-setting day: It’s the most banks closed by the [...]

“Mr. Secretary, I’m not a man that fears this administration or you,” Rep. Paul Kanjorski (D-Pa.) told Geithner. “But I do fear the accumulation of power exercised by someone in the future that can be extraordinary.”

The Minnesota Council of Nonprofits (MCN) announced today that the organization will support the health care reform package moving through Congress, but only if it includes provisions for nonprofit agencies.