A new generation’s prospects

Employment opportunities for those ages 20-24 are worse than the general economy and not improving as rapidly. So are they going to college instead? The answer, apparently, is that they are not according to the latest figures. College enrollment is down slightly – and graduation rates within a 6-year time frame have ebbed to a new low, 59% of those who started in 2006. Graduation rates are improving at 2-year institutions such as community colleges and tech schools has increased from 21% to 37%, suggesting students are more serious, but are still pitifully low. Continue Reading

The small story of 2012: Growth for small business

This is the time of year to look back and reflect. What happened in 2012? A lot of things happened, and yet when we look at the political and economic situation it appears that almost nothing happened at all. About US 1.6M jobs were added during the year, but growth (change in GDP) remains at a near-recession 2% or less. Politically, the election produced the same President and Congress who remain mired in gridlock, currently unable to get out of the “Fiscal Cliff” trap of their own making. Europe has gone from bad to somewhat worse, proving that austerity isn’t going to help anyone. Continue Reading

Light a single candle on the Winter Solstice

Winter Solstice arrives right on schedule this Friday, 21 December, at 11:12 UTC – 5:12 in the morning here by mythical Central Time.  It’s being celebrated as the end of the world, probably not because anyone believes that’s going to happen.  No Mayan actually predicted such an event, but it is the end of their 13 Baktun cycle.  My guess is that the Mayans would have used this as an excuse to celebrate too, although their idea of a “party” often involved horrific acts of violence.  It’s a staple of the day. Continue Reading

Where does Minnesota’s money go?

Heading into the new Legislative session at the start of the new year, we can expect that things are going to be different. The DFL is in control of the House, Senate, and Governor’s office for the first time since 1990 – and comes in with a lot of pent-up demand from their own interest groups. Attention tends to focus on social issues such as universal marriage, but we predict here that most of the time will be focused on the budget. Continue Reading

On the Sandy Hook shooting: Emptiness at the core

As we digest the news from the Newtown, Connecticut shooting there is not a parent who is not ravaged deep in their soul at the horror of this event. The reaction so far tells us that this one is different – that this rampage will be the one that finally changes things. I have thought of many things that I want to say to add to the discussion, but all of them feel inadequate. Continue Reading

Where does the Minnesota state budget stand?

The Minnesota Legislative session is less than a month away. With the DFL in control of the House, Senate, and Governor’s office for the first time since 1990 we can expect that, at the very least, everything will operate differently than it has in a long time. This is a good time to look around and back to a complete understanding of the state of the state budget. The most contentious parts have always been taxes, so we should start with them. Continue Reading