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Business and Economic News

Iowa 'hurting' after storm, seeks nearly $4B in disaster aid

Iowa 'hurting' after storm, seeks nearly $4B in disaster aid

Iowa homes, cornfields, utility companies and government agencies have losses estimated at nearly $4 billion from last week's derecho, Gov. Kim Reynolds said Sunday.
by The Associated Press

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Pelosi to call House back into session to vote on USPS bill

Pelosi to call House back into session to vote on USPS bill

Speaker Nancy Pelosi said Sunday she is calling the House back into session over the crisis at the U.S. Postal Service, setting up a political showdown amid growing concerns that the Trump White House is trying to undermine the agency ahead of the election.
by The Associated Press

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Biden faces a convention test, to offer a vision beyond beating Trump

Biden faces a convention test, to offer a vision beyond beating Trump

Presidential elections are won by the candidate who presents the most compelling vision for the future, and the upcoming Democratic convention is an opportunity for Biden to convince voters not just that President Trump has failed today, but that Democrats will make Americans' lives safer and more prosperous tomorrow.
by Mara Liasson

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Minneapolis mayor calls for unity, outlines broad plan for city budget

Minneapolis mayor calls for unity, outlines broad plan for city budget

In order to make up lost revenue, Mayor Jacob Frey said he’s proposing a 5.75 percent property tax levy. Frey said he wants to avoid staff cuts as much as possible. His staff is working on volunteer early retirement incentives to encourage more senior staff to step down.
by Marianne Combs

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Eagle attacks woman along North Shore, bystander comes to the rescue

Eagle attacks woman along North Shore, bystander comes to the rescue

Cascade Lodge and Restaurant head kitchen manager Bernie Banks happened to be outside when he saw the eagle attacking the woman.

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Foxconn's $100 million pledge to university largely unmet

The University of Wisconsin-Madison has received less than 1 percent of the money that Taiwan-based Foxconn Technology Group pledged to it two years ago amid the electronics giant's expansion plans in Wisconsin.
by The Associated Press

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St. Paul rebuilding efforts inch along after civil unrest

St. Paul rebuilding efforts inch along after civil unrest

St. Paul officials estimate 300 businesses were damaged during the civil unrest in late May. City officials say rebuilding in critical business corridors could take 10 years.
by Nina Moini

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Trump's methane rollback that Big Oil doesn't want

Trump's methane rollback that Big Oil doesn't want

The rule would end Obama-era restrictions on emissions of methane, a potent climate-warming gas. The move could make it harder to argue that natural gas is a cleaner-burning fossil fuel than coal.
by Jeff Brady

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U.S. jobless claims fall below 1 million but remain high

U.S. jobless claims fall below 1 million but remain high

The Labor Department said that applications fell to 963,000, the second straight drop, from 1.2 million the previous week. The decline suggests that layoffs are slowing, though last week's figure is still above the pre-pandemic record of just under 700,000. 
by The Associated Press

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