Word: minn
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...Reuss, economist at Piper Capital Management, based in Minneapolis, Minn., believes a recession could occur in the U.S. early next year. He pins his forecast on the debt-burdened consumer. Reuss estimates that half the households with less than $50,000 in annual income have non-mortgage debt equal to 24% of their take-home pay. "That is an all-time high," he notes, adding that the stress is apparent in rising bankruptcies and the recession-like 5% annual growth in consumer credit. A more normal credit growth rate is 10% to 15%. Now tack on uncertainties from a tumultuous...
...herself fated to find. The daughter of impoverished heavy-drinking parents, Zauhar, 59, recalls sleeping nights in a car in a junkyard. She was removed (along with her four brothers and sisters) from her parents' custody when she was five. Zauhar spent the next five years in a Duluth, Minn., orphanage until a loving foster family was found for her. At 20 she married a TV repairman. They were divorced in 1982 after the couple had had three children...
...Second, sales by U.S. firms in Asia won't add as much to their bottom line because Far Eastern currencies are worth 20% to 40% less than they were just a few months ago. Warns Sung Won Sohn, chief economist at Norwest Corp., a large bank based in Minneapolis, Minn.: "The collapse of Hong Kong and other Asian economies is spreading like an oil slick that will continue to wash up on America's shores...
...beautiful fall afternoon not long ago, all 120 eighth-grade students and four of their teachers at the Olson Middle School in Minneapolis, Minn., walked across a grassy playing field down to nearby Shingle Creek. For the past five weeks, they had been raising monarch butterflies--from caterpillar through chrysalis--and now 30 of them were ready for release...
...response to a question about her position on the American political spectrum, Skocpol quoted Sen. Paul Well stone (D-Minn.), who has claimed to "represent the democratic wing of the Democratic Party...