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Playing catch-up: Personal income in Grand Forks catches up to national average

March 14, 2014 in Uncategorized

GRAND FORKS — The oil boom and a few good years in the agriculture sector are making North Dakota wealthier.
But Grand Forks is only now catching up to the rest of the nation.
Grand Forks’ per capita personal income, the largest share of which …continue reading on

Where the wealth goes

February 23, 2014 in Uncategorized

FARGO, N.D. — Some businesses that cater to the wealthy are feeling a flush of success, thanks in part to North Dakota’s new millionaires.

A recent report found North Dakota has one of the fastest growing rates of millionaires in the U.S., lar…continue reading on

Dayton: Plan to raise taxes for richest Minnesotans to be pushed in 2013

March 5, 2012 in Grand Forks Herald

Asked on a Minnesota Public Radio program today how long he would keep the proposal in play, Dayton answered “until I’m not governor anymore.” Dayton’s term runs through 2014 though he says he’ll run for another four years. Continue Reading

Facing criminal trial, Florida multimillionaire adopts girlfriend, 42

February 9, 2012 in Grand Forks Herald

Judge: Action takes court ‘into a legal twilight zone’Critics say it is an attempt by John Goodman to shield some of his fortune from the accident victim’s family. But at least one legal expert says a judge is likely to see through the maneuver and prevent the 48-year-old owner of the International Polo Club in Palm Beach from benefiting from it.
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UPDATE: GOP sources say Trump to endore Romney for presidential nomination

February 2, 2012 in Grand Forks Herald

Donald Trump planned to endorse Mitt Romney’s bid for the Republican presidential nomination today, three Republican officials told The Associated Press. The real estate mogul and reality TV show host was set to make the announcement in Las Vegas at the hotel bearing his name, with Romney in attendance. Nevada holds its presidential caucuses on Saturday.
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Million-dollar philantropic donations leap

January 24, 2012 in Grand Forks Herald

The nation’s super-rich opened their wallets wider last year, when the number of $1 million-plus donations nationwide nearly doubled over 2010. Continue Reading

Newest Wall Street protests target New York City millionaires

October 11, 2011 in Grand Forks Herald

The national Occupy Wall Street movement has been heating up again resulting in about 50 arrests in Boston early today and plans for a Manhattan “Millionaires March” to the homes of some of New York City’s wealthiest residents. Continue Reading

Wealthy Minnesotans pay smaller share of taxes

March 17, 2011 in Grand Forks Herald

A new report by the state Revenue Department says wealthy Minnesotans pay a smaller share of their incomes in state and local taxes. Continue Reading

Minnesota nonprofits hope to tap into next-door wealth

February 12, 2011 in Grand Forks Herald

A first-of-its-kind study indicates there may be more millionaires next door than we think. An estimated $48 billion will transfer from Minnesota’s elderly to the next generation in the coming 20 years, according to the new “Minnesota Generational Transfer of Wealth Study” sponsored by several state foundations. Continue Reading

Bill Gates: Helping world’s poor is good investment

January 31, 2011 in Grand Forks Herald

Co-founder of world’s largest charitable foundation ‘willing to be viewed as troublemaker by people who are happy with the status quo’The Microsoft co-founder and chairman says in a 24-page letter that not only is helping the poor with their medical needs and giving them the tools to be self-sufficient the right thing to do, it’s also a good investment.
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