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Key PolyMet environmental report expected Thursday
On Thursday, March 3, state regulators will issue its ruling on the Environmental Impact Statement for the proposed PolyMet copper-nickel mine near Hoyt Lakes. This will be the culmination of at least seven years of debate over the EIS. The controversy centers on whether the development company is accurately reflecting the environmental risk of this form of…
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Sanders, Rubio win Minnesota caucuses
On the night of Super Tuesday, Bernie Sanders won the Democratic caucuses in Minnesota, while Marco Rubio won the Republican contest. Sure, Democratic frontrunner Hillary Clinton sailed to victory in eight of 12 other contests around the nation. Republican frontrunner Donald Trump racked up the most delegates as well. But Minnesota provided a symbolic victory for two guys…
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MN Caucuses: canary in U.S. political coal mine
This evening, Minnesotans head to their precinct caucuses to declare their preference for the next President of the United States. The Minnesota Caucuses begin at 7 p.m. I wrote about what to expect at your caucus in my Sunday column. (Also includes jokes). Meantime, 10 other states will hold primaries or caucuses today as part of Super…
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Obama OKs more enforcement to block steel dumping
Late last week, President Obama approved new measures to better enforce trade protections against illegal steel imports. The efforts would provide more funding to investigate allegations of steel dumping, or selling steel for less than it costs to make. The move comes amid some relief in steel pricing on the world market, a factor that…
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The front lines of democracy
Ever since control of the major parties was (at least partially) wrested from chain-smoking whiskey-soaked power brokers, Minnesotans have indicated their Presidential preference at caucuses. So what is a caucus? A caucus is a community meeting. Minnesota’s major parties hold them every two years in the late winter/early spring. Your caucus location is often, though…
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VIDEO: Obama vows to address steel dumping
UPDATE: U.S. Rep. Rick Nolan (D-MN8) has issued a statement saying that White House Chief of Staff Denis McDonough has told him that a comprehensive plan to address steel dumping will be revealed over the next two weeks. UPDATE II: The Duluth News Tribune reports on Obama’s pledge to address steel dumping. Today, President Obama…
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The mine bosses’ lament: ‘I owe, I owe’
Yesterday, my Hibbing Daily Tribune column detailed the persistently low prices for iron ore at the root of many of the Iron Range’s current woes. Today, I’m going to talk about debt. Supply and demand is one part of the economic picture for iron ore. Debt is what will probably determine the health of the companies who…
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How low can iron ore go? We’ll find out
To paraphrase an old cliche, do you want the good news or the bad news? Well, the bad news is that a recent commodities forecast by BMI Research predicts iron ore prices will find their floor in 2016, with prices falling further from their current lows through next fall. Iron ore is expected to trade at $35/ton on…
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Lost Mittens: A Love Story
It’s fitting that Valentine’s Day, a holiday celebrating romantic love, comes in the thick of Northern Minnesota’s sprawling winter. Just as many people have lost love over the years, so it goes for our gloves and hats after months of regular use. By now, gloves have been removed and placed in pockets more times than…
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PUC rejects lower power rates for mines
The Minnesota Public Utilities Commission dismissed the Minnesota Power petition to allow lower rates for its industrial customers, most notably Iron Range taconite mines, while raising rates for residential customers. The request by Minnesota Power came after a new law passed the state legislature allowing the mines to seek lower rates. Minnesota’s iron mines are reeling amid…
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Super Bowl done, now for superb owls at Sax-Zim Bog
The 9th Annual Sax-Zim Bog Birding Festival starts Friday, Feb. 12 and runs through Sunday, Feb. 14, 2016. It provides serious and casual birders alike a unique opportunity to see great gray owls, northern owls, pine grosbeaks and many other wintering species. The IRRRB’s Lee Bloomquist published an article on the Sax-Zim Bog Birding Festival…
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Economic salvation is local
Duluth, Minnesota, is among several cities featured in a James Fallows story in the March 2016 edition of “The Atlantic,” entitled “How America is putting itself back together.” The Duluth angle is what got my attention, but the rest of the story is what I’d like to talk about today. Fallows lists Duluth alongside his story’s…
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Molten iron in the sky
In China, people are wrapping up the celebration of the lunar new year. With a country as big and economically diverse as China you find many different traditions. I saw this next one on ABC News this morning. In the old steel town of Dunhuang, blacksmiths have an annual New Year tradition of melting scrap…
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Bakk explains failed bid for Range special session
We can now agree that Gov. Mark Dayton’s effort to call a special session to address pressing economic issues has been undone. The casualties include, most notably, expiring unemployment benefits of Iron Range miners caught in the gears of international commerce. Dayton cited Republican resistance to agree to terms for a special session, while Republicans seemed to blame Dayton for not calling one…
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Super Bowl bread and circuses
“Already long ago, from when we sold our vote to no man, the People have abdicated our duties; for the People who once upon a time handed out military command, high civil office, legions — everything, now restrains itself and anxiously hopes for just two things: bread and circuses.” ~Roman poet Juvenal, circa 100 A.D.…