As this is going to press on December 2, the price of gas is under $2 a gallon after costing nearly $4 in the summer (good); the Dow Jones Industrial Average is down 7 percent to just above 8,000 (bad); and a group of economists has announced that the U.S. has officially been in recession for a year (lousy).
Only one thing is certain—that nothing is. The economy is going to be intensely challenging in 2009. A new presidential administration will add to the volatility.
Most businesses will be worth watching in the coming year, to see how they handle this extraordinary situation. Twin Cities Business chose the following 20 companies and their leaders as higher-profile representatives of enterprises in a variety of industries: retail, financial services, manufacturing, health care, real estate, construction, transportation. How they manage will provide an indicator of how well the entire state will manage in these difficult times.
Fasten your seat belts.