Business and Economic News

Minneapolis Fed proposes motivating big banks to split up
The risk of another 2008-like banking crisis could be dramatically reduced if large banks were required to keep much more loss-absorbing capital, Minneapolis Fed President Neel Kashkari says.
James Franco's New York Times talk canceled amid allegations
After he won a best actor Golden Globe on Sunday night, actress Violet Paley accused Franco on Twitter of sexual misconduct. Filmmaker Sarah Tither-Kaplan questioned Franco wearing a "Times Up" pin during the awards ceremony in a tweet about him having her do a nude scene for $100 per day.
Mpls. mayor Frey pledged to increase job opportunities. He's not the first
Mayor Jacob Frey has said it's time for city leaders to stop talking about creating more jobs for people of color and to take action. However, some say just by using his bully pulpit Mayor Frey can get results.
The state Public Utilities Commission has decided to stick close to its original timeline for deciding whether to approve Enbridge Energy's proposal to replace its aging Line 3 crude oil pipeline across northern Minnesota.
Federal regulator rejects Energy Department's bid to prop up coal, nuclear
Energy Secretary Rick Perry proposed a rule that would essentially subsidize older fuel sources to compete with cheaper natural gas and renewables. The Federal Energy Regulatory Commission cried foul.
Mine supporters sue to void Dayton order against Twin Metals
Up North Jobs said Tuesday it filed a lawsuit in St. Louis County District Court last week seeking an injunction to let mineral exploration continue there, saying Dayton's order violated state statutes.
State to deny water pollution waiver for Minntac mine
U.S. Steel had asked for a 20-year variance from water quality standards for sulfate and other pollutants in water from its massive tailings basin that seeps into groundwater and nearby streams at its Mountain Iron facilities.
Eleven activists with the group Climate Direct Action were arrested on Oct. 11, 2016, when they tried to either shut down pipelines in North Dakota, Minnesota, Montana and Washington state or film the attempts.