Entries Tagged 'economy' ↓
November 1st, 2013 — economy, South Dakotans
Connecting the dots on this investigation is going to be interesting, while the parties involved are trying to separate themselves from each other. Many media outlets and blogs (except Dakota War College) have covered many details on the case, but until the Federal investigators release their findings, these quagmires exist;
1) Benda is dead. Did he commit suicide, was he accidentally shot or murdered? Who did it?
2) Governor Rounds led a very secretive, tight-knit, state government, he is now running for Senate with challengers in his in own party, how will this affect is bid for senate if he is found guilty of wrong doing? And why did the State GOP chair give such a large donation to his opponent Larry Rhoden? Remember, Craig Lawrence was co-founder of L & S, one of the state’s most prestigious ad agencies who basked in the state tourism contracts to the tune of millions each year during the Rounds years. Why the sudden change of heart, Craig?
3) What was the current governors involvement in all this? He seems to be distancing himself from Rounds, as his spokesman last night on KELO said that ‘Dennis is more transparent then Rounds was when it comes to economic development (sic)’ This is also strange that Dennis is quickly distancing himself from Rounds, remember Rounds bailed Dennis’ ass out on a couple of occasions (Millions in state contracts when he ran Children’s Home Society, and the Mette Indian case cover up.)
4) Which brings us to AG Jackley, what was his involvement? He obviously worked closely with Dennis and Rounds. He’s the state’s lead attorney with many tentacles and connections.
5) Then there is the SOS of state debacle, Gant throwing in the towel and Shantel Krebs stepping in. Who is Rounds communications director? None other then Mitch Krebs, Shantel’s husband.
6) And lastly, why so much infusion of money from the Chinese and Koreans?
Lots of dots, lots of tentacles, lots of secrets, lots of deception. I have a feeling this is going to get very messy, very soon.
September 25th, 2013 — economy, Women's Rights
The worst state for women is Louisian
a. “In terms of economic security, health and leadership representation, the analysis rates Louisiana the lowest. Full-time working women in Louisiana earn only 67 percent of what men earn, on average, and more than one in five women and girls in Louisiana are currently living in poverty. “
The best state is Maryland.
“The report also considered in its ratings the state’s minimum wage, family leave policies, percentage of 4-year-olds enrolled in pre-K, the gender management gap and publicly funded contraceptive services. Other states that earned an “F” overall in these categories are Utah, Oklahoma, Alabama, Mississippi, Texas, Arkansas, South Dakota, Indiana and Georgia. “
South Dakota joins the southern states at the bottom of the barrel. Utah is 49th and SD is 43rd.
October 20th, 2012 — economy, Secretary of State, South Dakotans
Guest Poster contributed;
It appears the state Treasurer’s office has joined the effort to make on-line access even dumber. The lack of ergonomic design in website development shows those of us who have to use their sites, how little they themselves actually use them. Let’s explain, the state of South Dakota, in an effort to collect funds from unsuspecting individuals and businesses decided to make it harder for the owners of lost funds to actually reclaim them. The excellent State Treasurer at the time actually fought all the way to the Supreme Court to protect the average citizens against the greedy hands of bankers and the Governor’s office.
As a result, the state, bankers and other keepers of our assets have collected millions of dollars through hard to use processes. Recently I had to use the SD State Treasurer’s Unclaimed Property website to assist in reclaiming a savings account.
What we found was amazing.
No wonder so little is returned to the rightful owners. The state actually used to actively assist and find the owners – but no more. They now have this cute website where it only allows you to only search by exact spelling. Do you know what is wrong about this? This takes data from many databases where the names are misspelled. In our Scandinavian land of *sen and *son plus the Irish apostrophe names leaves us with no way to accurately find lost assets Why can’t we search by address? Why can’t we search by city? Zip code County? Phonic spelling?
How about searching by the bank or business name where deposit was made? If there was an ability to search by business where property was found, we citizens and customers could actually discover how bad their databases are. So why isn’t there an ability to search by business?
Treasurer Sattgast must have asked SOS Gant how to design an ALEC based website. This is an insider’s website for insiders. The design of this site is not for the average user to use. Try it for yourself and see how bad it is.
July 7th, 2012 — economy, Sioux Falls
This is how you help local businesses expand in South Dakota without giving a handout;
Gov. Dennis Daugaard recently announced the state Board of Water and Natural Resources has approved an $860,000 low-interest loan from the Solid Waste Management Program for Millennium Recycling in Sioux Falls to purchase equipment.
“These funds will help Millennium Recycling obtain equipment to accept additional recyclables, which will reduce the waste stream to regional landfills,” Daugaard said.
The project involves adding equipment to allow Millennium Recycling to sort plastic containers, such as milk, juice and broth cartons, for recycling. Additionally, Millennium will reconfigure sections of its single-stream recycling process to add the new capability and increase the efficiency of its operation.
The estimated cost of the equipment is nearly $1.2 million. The loan terms are 2.25 percent interest for 10 years.
Giving low interest, or even no interest loans to businesses that are beneficial to citizens is the smart way to go. When you give a loan instead of a handout, it is sending a message to taxpayers that this business intends to be around for awhile and make good on the loan, and better yet, improving our quality of life.
June 15th, 2012 — economy, Jon Stewart
On his show Thursday night, The Daily Show host Jon Stewart mocked members of the Senate Banking Committee for going soft on JP Morgan Chase CEO Jamie Dimon after his firm lost at least $2 billion gambling on derivatives.
March 6th, 2012 — economy, South Dakotans
South Dakota Voters Express Increasing Confidence in their Personal Economic Situation
In a February survey, when Nielson Brothers Polling asked South Dakota registered voters about their personal economic situation, 41 percent responded that they are “more confident” than they were at this time last year. 29 percent are “less confident,” and 30 percent answer “about the same.” These answers show a significant rise in confidence compared to the December 2011 NBP survey in which 23 percent said “more confident,” while 49 percent said “less confident,” and 28 percent said “about the same”.
When NBP asked for views on the national economy, respondents expressed a more modest increase in optimism. 57 percent of South Dakota voters describe the U.S. economy as “excellent” or “good,” compared with 54 percent in the December. More specifically, in the February NBP poll, 8 percent said the nation’s economy is “excellent,” 49 percent said “good, 30 percent said “fair”, and 13 percent said “poor.” In the December 2011 NBP Survey, 12 percent said “excellent.” 42 percent said “good,” 26 percent said “fair,” and 20 percent said “poor.”
Personally I still think we are in a strange holding pattern, and will be for awhile.
November 1st, 2011 — economy, Sioux Falls
Maybe I don’t know WTF I am talking about, but am I the only one that thinks this is happening because prices continue to rise?
Despite an uncertain national economy, city officials say Sioux Falls’ economy continues to gain strength, evidenced in part by steady sales tax growth above 4 percent the past several months.
City sales tax receipts ended the third quarter up 4.6 percent over the same period a year ago. That makes six consecutive months with year-to-date growth above 4 percent, according to the most recent sales tax information.
“Month by month, we continue to see improvements in our economic indicators here locally,” City Finance Director Tracy Turbak said.
While it is very nice to see tax revenue is up, that small percentage is telling me it has to do with inflation. When the economy hit rock bottom last year, there was actually deflation, which resulted in revenue being down. You should always be at a positive, even when there is a recession due to increasing prices and costs.
Councilman Dean Karsky said he’s optimistic the momentum will continue through the end of the year, especially on the brink of the holiday shopping season.
Thanks Dean for that valuable information. Who knew? Is there anything you would like to share with us about the Easter Bunny?
October 7th, 2011 — economy
Get used to it. I have always contended that the rich in SD are using the recession to pay less in wages while lining their pockets. They say the economy is doing good when they want you to buy their goods and services but when you ask for a raise, they say it is going poorly. Just look at the numbers;
South Dakota’s per capita personal income grew by 3.5 percent from 2009 to 2010, according to data recently released by the Bureau of Economic Analysis.
Sounds great right? But look at these numbers;
For example, Nesiba said, median household income in South Dakota has dropped 11.5 percent from 2008 to 2010, according to U.S. Census Bureau figures.
Basically the working stiffs are taking it in the shorts and the rich taking your shorts.
That’s a change from $51,600 in 2008 to $45,669 last year, Nesiba said.
“Even if the average per capita income in South Dakota is going up, those gains must be concentrated at the top,” he said. “What we’re seeing is that South Dakota per capita personal income is being boosted by higher farm incomes, but because of layoffs, lower wages and fewer hours, the median household income is actually falling.”
September 14th, 2011 — economy
from the SD Peace and Justice Center:
The poverty rate in the United States is at 15.1%, according to the U.S. Census Bureau’s annual Income, Poverty, and Health Insurance Coverage report. This means that 46.2 million people in the United States are in poverty, the largest number since the government began tracking poverty in the 1950s. In addition, the poverty rate for children is 22% and has only been higher three times since the mid-1960s. 49.9 million individuals in the U.S. lack health insurance. Senator Bernie Sanders wrote a very interesting opinion piece on the subject, and mentions the fact that the top 1% of Americans earn more than the bottom 50%.
The Argue Endorser also did an extensive story about poverty and the economy in South Dakota;
Figures released Tuesday show that 13.7 percent of South Dakotans are living below the federal poverty level. That puts the state marginally below national poverty levels of 14.2 percent but above neighboring states of Iowa, Minnesota, North Dakota and Nebraska.
When over 10% of your population is living in poverty, you have to scratch your head a bit and wonder how long this recession is going to last. South Dakotans have always been known to be modest when it comes to income, and these numbers show that it only takes a little down tick to go from lower middle-class to flat out broke real quick. As MC from Dakota War College commented the other day on this site:
I find it odd….
The county is building a homeless shelter,
The city is building an events center.
Yeah, what ironic times we live in? Huh?
September 2nd, 2011 — economy
This video of Elizabeth Warren is from 2007 and it is worth the hour of your time. She is pretty brilliant, I call her the female Noam Chomsky.