What are the forces moving the Minnesota economy? Adam Belz tries to identify the trends and show the connections between Minnesota and the larger U.S. and global economies. You can connect with him on Twitter: @adambelz

Median income in 2012 by Census tract, by Twin Cities neighborhood

Posted by: Adam Belz under Business trends, Economics Updated: November 21, 2014 - 11:19 PM

I spent a few minutes scrolling around and looking at neighborhoods on this. Figured I wouldn't be the only one who's interested.

Turns out the map is incredibly powerful. Zoom in close enough, and it shows you the block groups that make up the Census tracts. Zoom in further, and it shows you the streets. Zoom out, and it shows you median income by county. The map covers the entire United States.

CEO Richard Davis: U.S. Bank will hire between 2,000 and 3,000 in 2015

Posted by: Adam Belz under Business trends, Economics Updated: November 21, 2014 - 11:25 AM

U.S. Bancorp is hiring about 1,500 people in 2014 and will hire up to another 3,000 by the end of 2015, CEO Richard Davis said in an interview with Bloomberg in New York.

Many of the new jobs are in compliance and audit, as the company tries to meet regulatory needs. Hiring veterans and the long-term unemployed are also a priority, Davis said.

"Big time on veterans, that's a really big deal for us," Davis said. "Now we're working on long (term) unemployed."

U.S. Bank had 65,500 employees at the end of 2013. Davis said the company will end 2014 with 67,000 employees, and either 69,000 or 70,000 by the end of 2015.

"I don't bring people on until I'm sure that I can keep them all," Davis told Bloomberg.

Opening Belz, Nov. 21

Posted by: Adam Belz under Business trends Updated: November 21, 2014 - 11:02 AM

Interesting discussion of migration stats, Minnesota, North Dakota – Medium
Federal Reserve to review policies for supervising Wall Street banks – WSJ
U.S. Bank to add 4,500 jobs by end of 2015 – Bloomberg
Video: Richard Davis’s interview with Bloomberg – Bloomberg
Bank of America to open branches under new format in Twin Cities – BizJournal
First in nation Colorado pot credit union could open Jan. 1 – Denver Post
Shortage of foster homes costs Minnesota counties – St. Cloud Times
Transcript: Obama’s immigration speech – Washington Post
Franken lays into Uber over privacy issues – TechCrunch

Opening Belz, Nov. 19

Posted by: Adam Belz under Business trends Updated: November 19, 2014 - 10:09 AM

How “Frozen” became a branding juggernaut – NY Times
Uber’s Travis Kalanick, the smartest bro in the room – San Francisco Mag
How Firestone helped usher Liberia’s Charles Taylor to power – ProPublica
Detroit mayor to Pope Francis: Visit Detroit! – Detroit Free Press
Senate narrowly defeats Keystone pipeline bill – WSJ
Historic Mott Building in Cedar Rapids gets new life – Gazette
Jim Knoblach named chair of MN House Ways and Means – St. Cloud Times
Rattner: Gov’t should do more to stem income inequality – NY Times
Deep Horizon oil spill may have set back Texas sea turtles – Houston Chronicle
“Vape” is Oxford Dictionary word of the year – NPR
Why the press is less free today – New Yorker

Opening Belz, Nov. 18

Posted by: Adam Belz under Business trends Updated: November 18, 2014 - 9:07 AM

Global mergers, acquisitions on the rise, near 2007 levels – Economist
Health care law recasts insurers as Obama allies – NY Times
Wisconsin DOT wants to charge road use fee on electric cars – Journal-Sentinel
Landrieu scrambles for 60th vote on Keystone, runoff election on mind – CBS
Frigid temps bring Mississippi barge traffic to early end – Winona Daily News
Obama’s claim on Keystone and Canadian exports “a lot of baloney” – Canadian Press
Frontier Airlines “right-sizes” in Denver, CEO cites lack of incentives – Denver Post
Mpls has 9th-highest Millennial divorce rate among top 25 U.S. cities – Family Inequality
Low prices on oil, other commodities hammer Malaysia – WSJ
How close are we to full employment? Hard to say – NY Times
Twin Cities ranked most affordable for housing among large U.S. cities – StarTribune
How housing policy in Maryland county helped low-income students – Washington Monthly
Kraft family plans soccer-specific stadium in Boston – Boston Globe


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