The Great Recession took a massive toll on the U.S. economy. Collapsing home values and lost jobs delivered a gut punch to many here and across the country. Debts and misery seemed to pile up.
Yet despite those woes, the majority of Minnesotans stayed current on their credit payments, even during the worst of the recession.
Data collected and mapped by the Federal Reserve Bank of New York show some fascinating patterns. In 2013, the most recent numbers available, 85 percent of Minnesotans with debt were current on payments of all kinds. In the counties with data, Otter Tail was the champ, with 89 percent current.
Even in the depths of the recession, the data indicate 83 percent in Minnesota paying on time.
Given that diligence, it makes sense that the data on credit scores show Minnesotans among the best in the country in 2013, with nearly 60 percent considered a prime risk, far better than the nation as a whole:
Yes, it’s not just Minnesota.
We’ve had lots of fun over the years poking Wisconsin for its lackluster economic recovery compared to ours. But the New York Fed data show that Wisconsin and the Dakotas also have some of the best credit scores in the country — and do better than most of the U.S. in paying on time.
The data don’t explain why. But there’s no doubt that Upper Midwest economies survived the Great Recession better than other regions. Jobs came back faster here and when people have jobs, they generally make good on their debts.
Today’s lesson that real life is not Hollywood comes from Boston, where Boston Marathon runner Barbara Tatge of Tennessee, on a dare from her daughter, stopped to kiss the first man she saw in Wellesley, Mass.
Her daughter last week started trying to find the man, pressing the power of social networks into service.
As it turns out, however, the man’s wife found Tatge.
“We all thought this story was hilarious because it is just like my husband to do that,” the man’s wife said in her letter, according to Wicked Local Wellesley. “It was one of many memorable stories from a great weekend in Boston.”
“While this may not be the ending that you had hoped for, that spontaneous, silly moment in Wellesley captured the fun, energy and spirit of the Boston Marathon,” the man’s wife said in her letter to Tatge. “I greatly admire your spunk and courage and wish you many happy races in the future. Congratulations on your Boston finish!”
“I am touched by the outpouring of support of strangers that wanted a fairytale ending,” Tatge said.
The gentleman in question was apparently not available to comment.
I can think of only three pictures at the moment that universally captured a moment during the Vietnam War.
There’s one of a naked girl running from a napalmed village, another that captures a Viet Cong soldier seconds before being executed in Saigon during the Tet offensive and one of college student Jeffrey Miller lying on the ground, where Mary Ann Vecchio kneels over him in John Filo’s Pulitzer-Prize winning photograph.
It means so much to me to know that you still keep Jeff in your thoughts. It’s really pretty amazing – 45 years after his death and you and a number of other people who had never known Jeff still think about him. How he would love that! He was something of a ham – I’m sure you didn’t know that.
I remember getting a phone call from an ambulance driver during the time that Jeff was a student at Plainview High School and a Newsday delivery boy. Jeff had been on his bike, delivering his papers when his bike hit something and he went flying over the handlebars, landing on his face on somebody’s freshly blacktopped driveway.
I rushed to where he was still lying on the ground, his face all battered up and he looked up at me and said, “Do you think this will make the front page of Newsday?”
Of course no one would have ever expected that just a few years later, he actually would make the front page of Newsday in such a horrendous way.
My son Russ and my grandson Jeff are out at Kent today and Russ will be one of the speakers at the 45th anniversary ceremonies. Soon it will be my grandson’s turn to take on this responsibility – and I can even anticipate the day when Rachel, my 3 ½ year old great-granddaughter will be the one to do the speaking.
It has become evident to me how an event such as the Kent State shootings has such a ripple effect and affects so many generations so profoundly.”
She was featured in an Al Jazeera documentary on the shootings in 2010.
In a 2010 essay, she said the following decade was filled with disillusionment and lawsuits.
At the end of our legal battles, we were pressured by the judge and by our lawyers into accepting a settlement in which the parents of the dead students discovered that their sons and daughters’ lives were worth a mere $15,000 each.
It was never about the money for me. I wanted an admission of culpability, and more than that, I wanted an assurance that no mother would ever again have to bury a child for simply exercising the freedom of speech. But all we got was a watered down statement that better ways must be found, etc., etc.
I also discovered what I perhaps should have known already: that so many of my compatriots did not feel as I did. They believed that the students who were killed or wounded got what they deserved and, as I heard far too often, the National Guard “should have killed more of them.”
She’s still disillusioned, she wrote. “Please, let us lower the volume and be civil toward each other. For Jeff’s sake. And for all of ours,” she said.
Julio Salazar has struggled with depression for most of his life but it was only a few years ago that he sought help. This week he’s running across Minnesota to raise awareness of mental illness and the availability of that help. Read more →
The news that blues great B.B. King is now in hospice is a painful reminder that when you have a chance to see a legend, don’t miss it.
I’ve been a B.B. King fans for decades, which puts me in the minority of most people in the radio business, judging by the refusal of radio stations to play the blues with any regularity. For some reason, it doesn’t get the respect it deserves. Read more →
There’s really no good reason to require bicyclists to stop at stop signs. It’s possible to see and hear intersecting traffic earlier on a bike than it is in a car, which is the primary reason cars are required to stop — to give the driver a proper amount of time to assess the traffic situation. Read more →
If you pay any attention at all to the ongoing debate over whether women should be getting mammograms (and, if so, when) , there’s a pretty fair chance you’re confused. This week, NPR reported that several politicians are again pushing to override guidance from the U.S. Preventive Services Task Force that six years ago said Read more →
Sports talk radio host Jeff Dubay has been alternately an inspiration and a reminder of the insidiousness of drug use in his recovery from a cocaine addiction that cost him his career and his freedom years ago. Read more →