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Business and Economic News

Trump voter lost her home to bank formerly run by new Treasury secretary

Trump voter lost her home to bank formerly run by new Treasury secretary

Teena Colebrook had voted for the president-elect on the belief that he would knock the moneyed elites from their perch in Washington, D.C. And she knew Trump's pick for Treasury, Steven Mnuchin, all too well.
by Associated Press

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Lab-grown diamonds come into their own

Lab-grown diamonds come into their own

Commercial labs can now make the large, clear diamonds people prize for engagement rings and other jewelry in as little as 72 hours. How will this change the diamond industry?

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HCMC braces workers for some layoffs in 2017

HCMC braces workers for some layoffs in 2017

A Hennepin County Medical Center spokesperson said it's too early to know how many jobs will be lost or what departments will be affected. More details are expected next month.
by Jon Collins

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U.S. consumers should feel muted impact from rising oil price

U.S. consumers should feel muted impact from rising oil price

OPEC's decision to cut production gave an immediate boost to oil prices, but the impact on consumers and the U.S. economy is likely to be more modest and gradual.
by Associated Press

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Wanted: Workers to fill Rochester's growing labor shortage

Wanted: Workers to fill Rochester's growing labor shortage

Rochester-area businesses are competing now for skilled trade and service workers and must find 30,000 more in the next 20 years. One observer says Rochester will need to attract workers by essentially outbidding other cities.
by Catharine Richert

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The middle-aged men missing from America's workforce

The middle-aged men missing from America's workforce

Why are men of "prime age" missing from the workforce? And what does it mean for the economy?
by MPR News Staff

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An ethical dilemma: Commercializing marijuana

An ethical dilemma: Commercializing marijuana

Marijuana sales are expected to hit $23 billion by 2020, according to USA Today. But how much do state governments make from marijuana revenue? And how should business opportunities balance with ethical or philosophical objections to legalizing marijuana?
by MPR News Staff

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