Dairy Hit Hard in the Past Year

Wisconsin’s dairy industry, still thousands of farms strong, is losing about $4 million a day, the Milwaukee Journal Sentinel reported. At this time last year, dairy farmers, flush with profits, expanded their herds and took on additional debt to buy land and equipment.

Payday Loan Industry Fights Loan Caps

At least 27 industry lobbyists have registered with the state to fight a proposed 36 percent cap on payday loan interest rates, the Milwaukee Journal Sentinel reported.

In his column on the article, Journal Sentinel columnist Patrick McIlheran writes, “[G]iven how all-encompassing regulation has become, how comprehensively government power presumes to decide winners and losers, it draws even companies otherwise uninclined to lobby into the Capitol.”

Legacy Bank Celebrates 10th Anniversary

<p class=”MsoNormal”> Today, 10 years after raising the $5 million in capital to open, Legacy Bank in Milwaukee has $241 million in assets and is still the only bank in the nation founded and run by minority women, WISN-TV reported. Milwaukee Public Radio had this story about the bank.