Tag Archive | "Money"

MN employment

According to a headline in todays Star Trib, 125 MN businesses received govt money to create jobs, but failed to create the expected MN employment. Just a quick rundown of the MN empolyment numbers: – over a five year period (’04-’09) 650 deals that gave companies tax breaks, grants or low interest loans. 125 of those companies fell short of delivering the expected jobs.

The conclusion the author seems to come to is that the results show the limitations of government programs to spur business and jobs – and he throws in a “economists say” to make it all so authentic.  (Not sure which economists say this as he doesnt provide any details).

But I think a clue as to what may account for these limitations is found further on in the article.

“Like Minnesota, most states have no policy on how best to spend economic development dollars” … “It’s frighteningly common, in fact” and the telling quote… “It often amounts to political pork being doled out on a geographic or political basis rather than on a strategic basis.”

And that to me says it all – it is not so much a demonstration of the limitations of government to help spur MN employment, as it is limitaions of BAD government. If across these great United States we could get our leaders to reduce the influence of that Political Pork being doled out on that Political Basis, I think our governments would surely be more efficient and more of the citizens would benifit.

Posted in Jobs and employment news, News, politicsComments (0)

Unfair seizures

I love Minnesota – but it’s crap like this that really P****s me off. According to a story in the StarTribune, collection companies in Minnesota can take people’s money without even proving in court that it is owed. Judicial oversite is required in most states (duh – common sense), it isn’t in Minnesota. WTF?

In dealing with collectors in Minnesota, the deck is stacked against Minnesotoans at each stage of the process. In fact, unlike most other states, collection agencies in Minnesota can begin a lawsuit without even filing anything with the court. I’m not sure how that can be, but nothing surprises me anymore.

According to the article, over the last 4 years seizures sanctioned by the courts have more than tripled. This isn’t a surprise. But… nobody keeps track of the garnishments which occur without any court involvement. And because of the way the laws are in Minnesota, that could be a very very significant number. And this means that if money is taken, which shouldn’t have been taken, the consumer has to initiate court action to prove an error was made and try to get their moneey back! Lets just hope you have enough left to eat while you wait for your chance in court to prove your case.

Can you imagine the hardship this kind of backwards system can put on the elderly and people who are barely surving in this economic climate??

You can check out the story here.


Posted in NewsComments (0)

Pay-outs at rescued banks face fresh scrutiny

Andrew Cuomo, the New York attorney-general, raised the political heat on Wall Street pay, asking the top US financial institutions that received billions of dollars in public bail-out money for detailed information on bonuses

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