morning take
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TODAY:  Governor Mark Dayton is in Washington, DC this morning and will return this evening .
 
TODAY: via Minnesota Agri-Growth Council, Learn more about an independent assessment of the economic risks posed by a changing climate at an informative AgriGrowth luncheon featuring Cargill Executive Chairman Greg Page, member of the Risky Business Risk.  tomorrowSeptember 17, 11:30 am-1:30 pm at The Metropolitan Ballroom, 5418 Wayzata Boulevard, Golden Valley DETAILS: http://bit.ly/1MTSaCg   (DISCLOSURE: Minnesota Agri-Growth Council is a partner/sponsor of Ag Take)

TODAY: At 9:00am on Lt. Governor Tina Smith will meet with Moroccan Ambassador to the United States Rachad Bouhlal.  At 9:45am, Lt. Governor Smith will provide remarks at the U.S. Bank Stadium Steel Topping Ceremony. Lt. Governor Smith will meet with commissioners and staff throughout the day. 
 
TODAY: Secretary of State Steve Simon will travel to central Minnesota to discuss with St. Cloud area business leaders the work he’s doing to make it as easy as possible for Minnesotans to set up and run their businesses. Secretary Simon will also meet with the Alexandria Lakes Area Chamber of Commerce, discuss election-reform issues with county officials, and speak at the Constitution Day Celebration hosted by St. Cloud State University.  Simon has meetings in Pope, Swift, and Stearns County on various topics.
 
SOUTHWEST: via Rural MN RadioVERBATIM: “This week on Rural MN Radio we have the first part of a three-part interview with Lisa Hughes, the southwest regional economic developer for the MN Department of Employment and Economic Development. Lisa’s job is to be something of an economic matchmaker, working with businesses that want to locate or expand in Minnesota and the communities that would like to have these businesses call them home. In this first part, Lisa gives us some insight into what businesses are looking for in a host community. It’s very different from what it used to be.”  PART1: http://bit.ly/1J8yl7A  PART2:http://bit.ly/1hOQUU6  (SPONSORED:  Center for Rural Policy and Development)

TODAY: At 10 AM, Rep. Pat Garofalo, R-Farmington, Chair of the House JGEA Committee, and Rep. Jim Newberger, R-Becker. Will hold press conference to preview the JGEA Committee visit to the Sherco Power Plant and public hearing in Becker, MN to discuss the EPA Clean Power Plan and its impacts on Minnesota jobs and energy bills.
 
TODAY: At 10 AM, Steve Hine, DEED Labor Market Information Office research director will announce the state's unemployment rate and employment figures for August 2015. 
 
DEBATES: via Politico, DNC Vice Chair R.T Rybak is calling for more debates in the Democratic Presidential primary.   READ: http://politi.co/1iRkmt3
 
SD53: Fmr. State Rep. Jim Abeler will run for the GOP nomination in SD53 being vacated by Sen. Branden Petersen’s retirement.  He’ll face Andy Aplikowski for the GOP nomination and endorsement.
 
HS3A:  The Minnesota Jobs Coalition Legislative Fund announced an independent expenditure radio advertisement in Minnesota House District 3A against Bill Hansen.  Via the news release, VERBATIM: "Bill Hansen has tried to campaign as a moderate but the reality is Hansen is the only candidate in District 3A who opposes mining projects like PolyMet. Hansen has twice been endorsed by DFL activists in the past and has been endorsed by liberal-environmentalist special interest groups,"  LISTEN: http://bit.ly/1Kiq28o
 
KLINE: via The Hill, Rep. John Kline reflects on his retirement.  READ: http://bit.ly/1ij4WNE
 
OFFENDERS: via Brianna Bierschbach of MinnPost, VERBATIM: “Like Minnesota, 19 other states have programs to civilly commit and treat sex offenders, but the North Star state has one of the oldest sex offender treatment programs in the country and commits people at the highest rate per capita. In June, U.S. District Judge Donovan Frank ruled Minnesota’s 21-year-old sex offender program is unconstitutional because it locks up more than 700 sex offenders under the promise of treatment, yet rarely lets anyone out…To get a sense of what may happen next in Minnesota — and  how the state may ultimately reconcile its desire to treat sex offenders with those offenders' constitutional rights — lawyers and experts are looking at court battles in two different states: Washington, where lawmakers didn’t take action and the courts took over; and Texas, where threats of court action led to immediate changes to sex offender treatment.”  READ: http://bit.ly/1KrRIJs
 
CREDITUNIONS: via MN Credit Union News, VERBATIM: “SNL Financial looked at which states had the biggest jump in net branch growth (more branches opened than closed)… Coming in at No. 1 isMinnesota, posting a net gain of eight branches in 2015 so far. It also had a net gain of just one branch in 2014, after posting a net loss of one in both 2013 and 2012. The Land of 10,000 Lakes has 395 total branches.”  READhttp://bit.ly/1LzZgJa  (SPONSORED:  Minnesota Credit Union Network)

WILMAR: via David Little at the West Central Tribune, VERBATIM: “A state Revenue Department official has said Willmar will not receive its December 2015 local government aid payment of $2,244,657 from the state if the city does not submit its 2014 financial report by Sept. 30…Cities are required by law to report their financial activities annually to the State Auditor’s Office, according to Kathy Docter, director of the government information division of the State Auditor’s Office…The deadline was requested by Docter in a Sept. 8 letter to Mayor Marv Calvin, with copies to state Sen. Lyle Koenen, Rep. Dave Baker and Interim City Administrator Kevin Halliday…City Finance Director Steve Okins told the City Council this week that the city’s financial statements were uploaded June 25 to the state using the state’s electronic format, five days before the June 30 deadline…However, Okins said the hard copy of the comprehensive annual financial report is still being reviewed and printed by staff and the city’s auditors, and he asked the state in a June 25 email for a 45 to 60 day extension for filing the hard copy.”  READ: http://bit.ly/1NFlVas
 
WATER: via the Worthington Daily Globe, VERBATIM: “U.S. Sens. Amy Klobuchar and Al Franken, along with Reps. Collin Peterson and Tim Walz, are calling for the strongest level of funding possible for the Lewis & Clark Regional Water System (LCRWS)… n a letter to the Senate and House Appropriations Committees, and the Energy and Water Appropriations Subcommittees, the lawmakers pressed for the funding necessary to advance construction on the LCRWS…When completed, the LCRWS will cover a service territory of more than 5,000 square miles and provide drinking water to 300,000 residents and businesses in southwest Minnesota, northwest Iowa, and southeast South Dakota.  QUOTE: “A basic purpose of a rural water system is to improve the quality of life of its customers and expand economic development opportunities,” the lawmakers wrote. “The LCRWS project is an authorized Bureau of Reclamation rural water project that when complete will provide water to 300,000 residents and businesses in southwest Minnesota, northwest Iowa and southeast South Dakota.”  READ: http://bit.ly/1Kirvf6
 
POPE: via the Mankato Free Press, VERBATIM: “Sister Alice Zachmann of the School Sisters of Notre Dame has an invitation to see the pope during his address to Congress next week…The Mankato nun will be the guest of honor of U.S. Rep. Tim Walz for the Sept. 24 speech.”  READ: http://bit.ly/1KTlito
 
VOTING: via MPR, VERBATIM: “A proposal to require Minneapolis landlords to give new tenants information about voter registration has won unanimous support from a City Council committee…Advocates say the ordinance will boost voter turnout because renters move frequently and may not remember to register to vote at their new address…Council Member Jacob Frey, who sponsored the measure, said he could have used the reminder about voter registration when he was younger and frequently changed apartments.”  READ: http://bit.ly/1UYI3ks
 
BUSINESS: Daily Fluence Media publishes Business Take for insider news on Minnesota’s economy. SUBSCRIBE: http://bit.ly/biztakemt 


STRATEGY: via Tom Polansek at ReutersVERBATIM: “Cargill Inc said on Tuesday a former executive, who recently left rival Louis Dreyfus Corp, will rejoin the U.S.-based commodity trader as one of six people who set corporate strategy. Gert-Jan van den Akker will join the Cargill Leadership Team, which also includes the company's chief executive officer, chief financial officer and chief risk officer, according to a statement. In June, Van den Akker, known as G.J., said he had left Louis Dreyfus Commodities to pursue other opportunities, just a year after joining. Van den Akker "will play an important role in driving Cargill's direction and goals," Chief Executive David MacLennan said in the statement… His appointment is the latest change among senior management at Cargill, one of the world's largest privately held corporations and a top commodities trader.”  STATEMENT: http://bit.ly/1KmKQsc
 
TODAY: via Zacks Equity ResearchVERBATIM: “Apogee Enterprises, Inc. (APOG - Analyst Report) is scheduled to release its second-quarter 2016 financial results on Sep 16, 2015. Last quarter, the company delivered a positive earnings surprise of 17.14%... Apogee will benefit from improving architectural market conditions and is expecting double-digit architectural market growth through 2016. The company continues to focus on achieving top-line growth by introducing new products, expanding both in domestic and international markets, and entering new markets for its architectural and large-scale optical businesses. However, even though backlog is expected to grow over the course of fiscal 2016, growth rate will be moderate as growth in the architectural services segment, which is the largest contributor to backlog, is estimated to be in the mid to single-digit range. Nevertheless, the company is focused on margin expansion… Our proven model does not conclusively show that Apogee is likely to beat earnings….”  READ: http://bit.ly/1MrCTsz
 
PRICES: via Lucia Mutikani at Reuters, VERBATIM: “U.S. consumer prices unexpectedly fell in August as gasoline prices resumed their decline and a strong dollar curbed the cost of other goods, pointing to tame inflation that complicates the Federal Reserve's decision whether to hike interest rates. The Labor Department said on Wednesday its Consumer Price Index slipped 0.1 percent last month, the first decline since January, after edging up 0.1 percent in July. In the 12 months through August, the CPI rose 0.2 percent after a similar gain in July. Signs of a disinflationary trend reasserting itself are in stark contrast with a rapidly tightening labor market and highlight the dilemma Fed officials face as they contemplate raising interest rates for the first time in nearly a decade. The U.S. central bank's policy-setting committee was due to start a two-day meeting later on Wednesday. While solid data on consumer spending, housing and employment have been supportive of a rate hike, that has been undermined by recent global financial markets turmoil. Sluggish wage gains and a strong dollar have contributed to keeping inflation below the Fed's 2 percent target. Economists polled by Reuters had forecast the CPI unchanged in August and rising 0.2 percent from a year ago.”  READ: http://reut.rs/1OeAG3U
 
RATES: via Timothy Aeppel at ReutersVERBATIM: “Some U.S. chief executives think it is time to pick interest rates off the floor, even as many of their peers campaign to maintain the status quo. The Federal Reserve meets this week and the first rate rise in nearly a decade — albeit a small one — is on the table. Most businesses, including over 64 percent of those surveyed last week by the National Association of Manufacturers, think it is a bad idea. Many say the economy is still too shaky to risk it. But not everyone feels that way, interviews with manufacturers representing a broad range of industries and regions, show… Scott Wine is another contrarian, who says a rate rise would boost confidence that the economy is truly getting stronger. "A nominal interest increase would signal that we’re on our way to normalization," says the chief executive of Polaris Industries Inc (PII.N), a maker of outdoor sports equipment which employs 7,000 people worldwide. He notes that "a rising interest rate environment" is usually a signal that the economy is thriving… "You go to zero interest rates when there's a crisis and you're trying to drive a dramatic change," says Wine, the Polaris CEO. ‘But to hold onto it so long--it's unhealthy.’”  READ: http://reut.rs/1NwTsBY
 
JOBS: The DEED employment release for August data is scheduled for tomorrow at 10 am.
 
MAINSTREET: tomorrow Creighton University will release the Rural Mainstreet Index survey of bank CEOs from ten Midwestern states
 
TGT: via Caroline Chen and Shannon Pettypiece at BloombergVERBATIM: “Retail giantTarget Corp. will offer activity trackers from Fitbit Inc. to its 335,000 U.S. employees, becoming the latest firm looking to the inexpensive wearable devices as a way to improve its workers’ fitness and reduce health-care costs… Target employees will be able to get Fitbit’s most basic device, a clip-on tracker called a Zip that retails for $59.95, for free. Or they can buy a more expensive wristband with Target subsidizing the cost, Jodee Kozlak, head of human resources at Target, said in an interview. Workers who opt in will be organized into teams for a monthlong competition, and the winning team will get to pick a charity to receive a $1 million donation... For Target, the move is part of the retailer’s effort to improve its image as a wellness company, said Kozlak. Next year, it plans to start promoting more healthy foods and products to its customers from the moment they enter the store to when the leave at the checkout aisle. It will also give employees a discount on healthy foods, with the hope that the effects will trickle down to consumers, Kozlak said.”  READ: http://bloom.bg/1KfU2lq
 
BREACH: via Doug G. Ware at UPIVERBATIM: “The U.S. District Court of Minnesota on Tuesday granted class action status to a lawsuit filed against retail giant Target over a data security breach that affected more than 100 million customers and resulted in severe financial consequences nearly two years ago. In the 16-page ruling, U.S. District Court Judge Paul A. Magnuson rejected Target's arguments against class action status -- including its claim that the losses should be measured on a case-by-case basis rather than as a whole… Earlier this year, Target reached settlements with Visa and MasterCard to resolve part of the fallout, but five financial institutions -- Umpqua Bank, Mutual Bank, Village Bank, CSE Federal Credit Union and First Federal Savings of Lorain -- fought it. The suit was brought by the institutions seeking damages because the breach led them to reissue about 25,000 debit and credit cards at a cost of about $30 million. Target claimed that since reissuing the cards wasn't required by law, it shouldn't be held liable for those costs incurred by its fiscal partners. Judge Magnuson called that argument "absurd" and hypocritical… The Minneapolis-based retailer expressed displeasure with Tuesday's ruling.”  READ: http://bit.ly/1ih2ya5
 
AG:   Every MondayWednesday and Friday in partnership with the MN Agri-Growth Council, Fluence Media publishes Ag TakeSUBSCRIBE:  http://bit.ly/AgTake
 
MAINSTREET: tomorrow Creighton University will release the Rural Mainstreet Index survey of bank CEOs from ten Midwestern states
 
WILDMAZE: via news release, VERBATIM: “The Twin Cities Harvest Festival and Maze will feature a special 15th anniversary edition of the Minnesota Wild logo as the centerpiece of its corn maze when it opens to the public at 10 a.m. on Saturday, Sept. 19. For each ticket sold, 50 cents will go towards the Minnesota Wild Foundation. Once attendance hits 20,000, the donation will double to one dollar. The corn maze is the largest in Minnesota. It will be open every weekend from September 19 – October 25 and is located at 8001 109th Avenue North inBrooklyn Park.”  SEE/READ: http://bit.ly/1KdaWkG
 
STRATEGY: via Tom Polansek at ReutersVERBATIM: “Cargill Inc said on Tuesday a former executive, who recently left rival Louis Dreyfus Corp, will rejoin the U.S.-based commodity trader as one of six people who set corporate strategy. Gert-Jan van den Akker will join the Cargill Leadership Team, which also includes the company's chief executive officer, chief financial officer and chief risk officer, according to a statement. In June, Van den Akker, known as G.J., said he had left Louis Dreyfus Commodities to pursue other opportunities, just a year after joining. Van den Akker "will play an important role in driving Cargill's direction and goals," Chief Executive David MacLennan said in the statement… His appointment is the latest change among senior management at Cargill, one of the world's largest privately held corporations and a top commodities trader.”  STATEMENT: http://bit.ly/1KmKQsc
 
HARVEST: via North Dakota Ag ConnectionVERBATIM: “Harvest of the 2015 US hard red spring wheat crop is essentially completed, pegged at 97 percent as of Sunday. The remaining harvest is in far northern areas of Montana and North Dakota, but each of those states are at 95 and 97 percent complete, respectively. Due to a much earlier planting season and a very favorable harvest period of mostly warm, dry conditions, the 2015 harvest completion is about 3 weeks ahead of the 2014 harvest and roughly 10 days to 2 weeks ahead of normal. In much of the region, yields were above average and the quality is excellent with high protein and test weights, minimal damage, good color and sound falling numbers. Compared to 2014, it is also lower in average moisture… The northern U.S. durum crop is approaching the final stretch of harvest with approximately 90 percent completed in North Dakota and 94 percent in Montana as of Sunday. This is significantly ahead of the prolonged, weather delayed harvest in 2014 when only one-third was completed in each state by mid-September. On a five-year average usually only two-thirds of the harvest is completed.”  READ: http://bit.ly/1FN2wwd
 
SOY: via Minnesota SoybeanVERBATIM: “After attending the Midwest Shippers Association/USSEC Global Trade Exchange conference last week in Minneapolis, a group of 20 food and feed industry representatives from India, Bangladesh and Sri Lanka visited theMinnesota Soybean office in Mankato, Minn., on Sept. 14. Bangladesh and Sri Lanka recently began importing U.S. soy for the first time while India is steadily becoming more prosperous and is expected to become an importer of food-type soybeans within a few years. CEO Tom Slunecka and Director of Market Development Kim Nill delivered presentations to this group explaining various steps the Indian food and feed sectors should undertake now to best position themselves to import Minnesota-grown high value soybeans in the future that are suitable for specialty market segments in India.”  READ: http://bit.ly/1KRWB0y
 
CORN: via Minnesota CornerstoneVERBATIM: “A U.S. Grains Council (USGC) team of up-and-coming procurement managers and directors of Middle East and North African grain buying companies traveled to Bellingham, Minn., to visit the family farm of Dwight Mork last week to see first-hand the advantages of purchasing U.S. corn and co-products… The Middle Eastern and North African delegation spent the afternoon walking Mork’s fields, getting an up-close look at modern farm machinery and asking questions about how crops are planted, raised, harvested and transported in the United States.”  READ: http://bit.ly/1UWgFDu
 
MILK: via Bill Tomson at Politico, VERBATIM: “The House Agriculture Committee wrapped up a four-hour hearing after testimony from 12 high-level USDA officials representing the Farm Service Agency, Foreign Agriculture Service, Risk Management Agency, Forest Service, Economic Research Service and others. Today, officials for the Rural Utilities Service, Animal and Plant Health Inspection Service, Food Safety and Inspection Service and more will appear… Milk producers could get a little more time this year to sign up for the federal margin protection program in 2016, but it’s too early to say for certain, Farm Service Agency Administrator Val Dolcini said during the hearing. “We’ll look at that as we get closer to the deadline,” he said in response to Rep. Collin Peterson (D-Minn.), who suggested that an extension would be good to get more farmers signed up. “We’re always mindful that producers are busy with other things.” The National Milk Producers Federation is asking the Agriculture Department for a two-month extension for dairy farmers to sign up. The Sept. 30 deadline coincides with the fall harvest for many dairy farmers, and two extra months would better enable them to weigh their options for using both crop insurance and dairy margin insurance, the group says in a letter to the USDA.”  READ: http://politi.co/1NxbF2i  LETTER: http://bit.ly/1Fg6ySR
 

BIRTHDAYS: realtor Julie Borgen, journalist Sue Campbell

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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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