Business and Economic News

State panel deadlocks over how to give away $250 million in hero pay
A task force that tried to reach a deal on hero pay for pandemic front-line workers adjourned without reaching a compromise. Instead, two plans for dividing up $250 million will be forwarded to the Legislature.
Minneapolis eyes guaranteed basic income to aid needy families
City officials are looking for 200 Minneapolis families to receive $500 per month for two years as part of the city's new guaranteed basic income pilot program.
Twin Metals to appeal federal decision on proposed mine, says project still viable
Twin Metals says it will appeal a decision by the federal Bureau of Land Management to reject its applications for additional mineral leases and exploration permits. Last week, the Biden administration ordered a mineral withdrawal study on 225,000 acres of federal land that could lead to a 20-year ban on mining upstream from the Boundary Waters Canoe Area Wilderness.
Journalist, St. Paul native Chenue Her makes news, breaks ground in rise to anchorman
Chenue Her, 30, recently became the first Hmong male news anchor in the U.S. when he joined “Good Morning Iowa'' in Des Moines. He’s hoping now to inspire a new generation into journalism, a business that struggles to keep people of color.
Exacerbated by pandemic, child care crisis hampers economy
The pandemic has made clear what many experts had long warned: The absence of reliable and affordable child care limits the jobs people can accept, makes it harder to climb the corporate ladder and ultimately restricts the ability of the broader economy to grow.
Xcel seeks 20% electric rate increase over three years
Xcel Energy says it needs the increase to cover the costs of replacing an aging electrical system. The proposal comes at a time when many Minnesotans are experiencing rising utility costs.
Facebook froze as anti-vaccine comments swarmed users
Last spring, as false claims about vaccine safety threatened to undermine the world's response to COVID-19, researchers at Facebook found they could reduce vaccine misinformation by tweaking how vaccine posts show up on users' newsfeeds. Yet despite evidence that it worked, Facebook took a full month to implement the changes at a pivotal time in the global vaccine rollout.