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Business and Economic News

Businesses that tapped pandemic loan program now find it may cost them

Businesses that tapped pandemic loan program now find it may cost them

Unless the Legislature steps in, thousands of Minnesota businesses might owe taxes on the federal loans they used to keep employees on the payroll during the pandemic.
by Brian Bakst

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New evidence shows fertile soil gone from Midwestern farms

New evidence shows fertile soil gone from Midwestern farms

One-third of the cropland in the upper Midwest has entirely lost its fertile topsoil, according to a new study. Other scientists doubt that figure, but agree that soil loss is a big problem.
by Dan Charles

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Can we solve the payday loan debt trap?

Can we solve the payday loan debt trap?

High interest rates on short-term consumer loans can spiral into crushing debt. MPR News guest host and senior economics contributor Chris Farrell talks to a lawyer and a nonprofit advocate about the latest efforts to curb payday loans.
by Chris Farrell and Maja Beckstrom

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Carving out a path through the pandemic — and the snow — on Northwest Angle's ice road

Carving out a path through the pandemic — and the snow — on Northwest Angle's ice road

Minnesota’s Northwest Angle has been cut off from the mainland since the start of the pandemic — almost a year. To keep their fishing resort industry open, Angle residents skirted the Canadian border closures by plowing a 30-mile ice road across Lake of the Woods.
by John Enger

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Boeing: 777s with engine that blew apart should be grounded

Boeing: 777s with engine that blew apart should be grounded

Boeing has recommended that airlines ground all of its 777s with the type of engine that suffered a catastrophic failure over Denver this weekend, as U.S. regulators ordered United Airlines to step up inspections of those aircraft.
by The Associated Press

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Mixed opinions on how to allocate Biden aid money

Mixed opinions on how to allocate Biden aid money

President Joe Biden and other Democrats want the federal government to send most Americans another $1,400 to help them weather the pandemic. But some economists, and even some people set to get the cash, say a better approach would be to target those most in need.
by Mark Zdechlik

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