morning take
a daily Minnesota tip sheet                                                                                                                                                                                          

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FIRST:  A reliable source says that state Sen. Carla Nelson is seriously considering throwing her hat in the CD1 race for Congress to challenge Rep. Tim Walz.  Nelson’s state Senate seat is not open in 2014, giving her a free shot.  As the only woman in a crowded GOP field Nelson would stand out and versus Walz would create a new dynamic that would potentially put the race on the national radar.
INVESTIGATION: via the New York Times, VERBATIM: “The latest is a federal inquiry into whether an outside “super PAC” improperly coordinated strategy with Mrs. Bachmann’s campaign staff, including her husband, in violation of election laws…The Department of Justice demanded records from the super PAC last week of its finances and its communications with Mrs. Bachmann; Marcus Bachmann, her husband; and former staff members, according to a grand jury subpoena reviewed by The New York Times.”  READ:
KLINE: via DFL news release, VERBATIM: “…a group of St. Olaf students will gather Friday to remind Congressman Kline of the right priorities and send him back to Washington, D.C. with a message: “Don’t Forget About Us.” As Chairman of the House Committee on Education and Workforce, Congressman Kline plays an influential role in crafting education legislation; however, his policies continue to hurt college students around the country, especially those in his district.”
MILLER: via email yesterday from GOP candidate for Congress Aaron Miller, VERBATIM: “My name is Aaron Miller and I am running for U.S. Congress. I am NOT asking for a donation today. However, I am asking that you take a look at my career in the private sector and the in U.S. military and decide if you will support a candidate who believes in the same principals you stand for.”
STADIUM: via the Star Tribune’s Rachel Stassen-Berger, VERBATIM: “Gov. Mark Dayton said he was encouraged by the early word that the Minnesota Vikings owners had the finances to pay for their portion of the new football stadium in Minneapolis but was not satisfied yet…After learning that an independent audit to be released soon shows that the Vikings can pay their share of the stadium, Dayton said Thursday that he found that encouraging, but said, “I want to reserve my final comment until I see the final analysis.”  READ:
MONTANA: via Politico, VERBATIM: “Dirk Adams is running for Senate as a cattle rancher, but that’s not how the 62-year-old made his millions….The only Democrat currently running for an open seat in Montana is a career banking executive with a business record that could be problematic for his party if his bid gains steam. In fact, his last bank failed only 18 months ago: the Controller of the Currency closed Home Savings of America of Little Falls, Minnesota in February 2012 when Adams was chairman and CEO of the holding company.”  VERBATIM:

FUND: via Bloomberg, VERBATIM: “Pine River Capital Management LP, manager of one of the most profitable U.S. hedge funds last year, will start a China fund with as much as $150 million in October, a marketing document seen by Bloomberg News showed…Pine River, which has had an Asia fund since 2004 focused on convertible arbitrage, is broadening its regional trading after profits and assets have swelled. The company more than doubled its assets to $13.6 billion as of July 1 from August 2011, according to the document… The multistrategy relative-value China fund is expected to start with at least $100 million, according to the document, which didn’t identify the source of the initial capital. It will be led by Dan Li, one of 16 Pine River partners globally and co-ahead of Asian trading of the Minnetonka, Minnesota-based company, it added… Pine River has 70 employees working on research, software development and trading in Beijing, Shenzhen and Hong Kong, said a person with knowledge of the matter late last month.”  READ:
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TODAY: Commerce Commissioner Mike Rothman, Health Commissioner Ed Ehlinger, April Todd-Malmlov, Exchange Director – MNsure, Brian Beutner, MNsure Board Chair will hold a news conference at 12 noon today to release information about rates for MNSURE.
ATKINS: via the Star Tribune’s Jennifer Brooks (@stribrooks) on Twitter, “If the health plans on MNsure are affordable, Atkins thinks GOP lawmakers should rock this Bunyan shirt.” PIC:
TOBACCO: via MPR, VERBATIM: “Electronic cigarette use has more than doubled among U.S. teens, rising from 4.7 percent of high school students in 2011 to 10 percent in 2012, according to a survey published Thursday by the U.S. Centers for Disease Control and Prevention.”  EXPECT:  Minnesota to be a state the has a major legislative push on access to e-cigs in the coming session.
SPECIAL:  The Special Session related to storm damage is Monday.  It convenes at 10 AM.  
TODAY: Governor Mark Dayton is in Minnesota, but there are no official public events on his schedule.
TODAY: North St. Paul elected officials, city staff and residents will join University of Minnesota academic leaders to launch a new partnership through the Resilient Communities Project. The partnership will bring the expertise of hundreds of graduate students and faculty from across the University to 21 sustainability-related projects identified by North St. Paul.
TONIGHT:  On TPT’s Almanac, a political reporter panel with KSTP’s Tom Hauser, MPR’s Tom Scheck and PIM’s Brianna Biersbach.  Senate Min. Ldr. Sen. Michelle Benson and Sen. Maj. Ldr. Tom Bakk talk about the special session.
TODAY: GOP Senate candidate state Sen. Julianne Ortman opens her campaign office in Chaska from 1-3 PM.
TONIGHT: Democratic consultant and CNN commentator James Carville will be the keynote at the DFL Founder’s Day event. 
ORGANIC: via Bill Hudson at WCCO, VERBATIM: “Four times each week, Phua and Blia Thao head to the Minneapolis farmer’s market with crates of fresh produce…Their displays of chemical-free vegetables are rich in both color and nutrition. Blia said that a health-conscious consumer is driving an increase in his business…Currently, the Thao’s can market their produce as only “chemical free” and not as certified organic. But by this time next year, they’ll be state certified after completing a rigorous three-year process… In 2012 the median net income of Minnesota’s organic farmers more than doubled, increasing to $85,000 per year compared to only $38,000 in 2011.”  READ/WATCH:

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MEDIA:  Congrats to Twin Cities Business magazine on 20 years of publishing.
PEACE: To the Kowlaski family on the passing of Jim.  He’s been a client at times over the years, and there wasn’t a more dedicated business guy on building something the “right way” than Jim. 
BIRTHDAYS: TODAY: IP Party media guy Matt Lews, DPS communicator Julie Anderson, AmeriPride’s Aimee Cheek   SATURDAY:  Mpls. City councilor and mayor candidate Betsy Hodges, LGBT leader Ann DeGroot, Education Minnesota’s Brandon Retke, ad guy Pat Fallon, MN Council on Foundations President Trista Harris  SUNDAY:  NYT’s David Carr, St. Paul City Councilor Cathy Lantry, Star Tribune’s Warren Wolfe, first lady of St. Paul Connie Coleman, social entrepreneur Greg Tehaven

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About Morning Take- In the era of Twitter, Facebook and the 24-hour, minute by minute news cycle morning take is designed to be a short, quick read for Minnesota insiders. morning take the radio version is every morning M-F at 6:20 AM on WCCO-AM with Dave Lee.   The goal of morning take is not to aggregate much news of the day, but rather preview the day ahead and help crystallize or foreshadow items on the horizon  I will be transparent about when clients are included, or if I am involved in some event.   Please provide tips and constructive feedback. thanks - blois

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