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Business and Economic News

St. Paul teachers deal leaves much of union's wish list unfulfilled

St. Paul teachers deal leaves much of union's wish list unfulfilled

The entire agreement stayed within the district's budget of just over $2 million a year in added costs. That budget constraint continually clashed with teacher demands during negotiations and nearly led to a strike Tuesday.
by Solvejg Wastvedt

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U.S. Bank fined $613M for charges relating to money laundering protections

The U.S. Department of Justice has filed felony criminal charges against Minneapolis-based U.S. Bank for willfully lacking an adequate anti-money laundering program. The charges relate to a U.S. Bank customer convicted for an illegal money laundering business.
by Bill Catlin

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Kept out: How banks block people of color from homeownership

Kept out: How banks block people of color from homeownership

Fifty years after the federal Fair Housing Act banned racial discrimination in lending, African Americans and Latinos continue to be routinely denied conventional mortgage loans at rates far higher than their white counterparts.

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Minnesota's first cat cafe is finally here

Minnesota's first cat cafe is finally here

For the uninitiated, we'll clear this up right away: No, it's not a cafe for your cat. The Cafe Meow in the Uptown area is a coffee shop where you can also play with local rescue cats that are up for adoption.
by Nancy Yang

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The Environmental Protection Agency: then and now

The Environmental Protection Agency: then and now

The EPA was founded in 1970 with bipartisan support. What has happened since?

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Iceland is using more energy on bitcoin than it is on its homes

Iceland is using more energy on bitcoin than it is on its homes

It takes massive amounts of electricity to run the computers that create bitcoins, and large virtual currency companies have established a base in Iceland, which is blessed with an abundance of renewable energy.
by Associated Press

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Feel safe renting out your home? How about your car?

Feel safe renting out your home? How about your car?

As more and more people offer rooms or their entire home for strangers to rent, some are now doing the same with their cars.
by Martin Moylan

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Blue Cross CEO moving on from tough tenure

Blue Cross CEO moving on from tough tenure

The head of the state's largest health insurer, Blue Cross Blue Shield of Minnesota is leaving after a tenure in which the company lost hundreds of millions of dollars.
by Martin Moylan

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Frogtown answers call for city plans with 125-page comic book

Frogtown answers call for city plans with 125-page comic book

Each of St. Paul's 17 districts is required to submit a "Small Area Plan" about once every 10 years to communicate what their needs and priorities are. The Frogtown Neighborhood Association took a fresh, fun approach to their plan this year.
by Max Nesterak

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