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Bank Of North Dakota
The Bank of North Dakota (BND) is a state-owned, state-run financial institution based in Bismarck, North Dakota. It is the only government-owned general-service bank in the United States. It is the legal depository for all state funds in North Dakota, and uses these deposits to fund development, agriculture, and small businesses. The bank was established in the early 20th century to promote agriculture, commerce, and industry in the state. It has received praise and media attention in the wake of the financial crisis of 2007–2008 and for their actions during the COVID-19 pandemic. However, the above average economic performance of North Dakota in these periods is not believed to be directly due to the BND. According to available data, the bank has turned a profit every year since its founding. The BND has a favorable reputation among North Dakotans. Other states have tried to replicate the BND elsewhere, but have been limited by political gridlock and the power dynamics in ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Bank
A public bank is a bank, a financial institution, in which a state, municipality, or public actors are the owners. It is an enterprise under government control.Banque publique : une entreprise bancaire qui dépend de l’État - ComprendreChoisir.com Prominent among current public banking models are the Bank of North Dakota, the in Germany, and many nations’ postal bank systems. Pub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Impact Of The COVID-19 Pandemic In The United States
The economic impact of the COVID-19 pandemic in the United States has been widely disruptive, adversely affecting travel, financial markets, employment, shipping, and other industries. The impacts can be attributed not just to government intervention to contain the virus (including at the Federal and State level), but also to consumer and business behavior to reduce exposure to and spread of the virus. Real GDP contracted in 2020 by 3.5%, the first contraction since the 2008 Financial Crisis. Millions of workers were dislocated from their jobs, leading to multiple weeks of record shattering numbers of unemployment insurance applications. Consumer and retail activity contracted, with many businesses (especially restaurants) closing. Many businesses and offices transitioned to remote work to avoid the spread of COVID-19 at the office. Congress passed several pieces of legislation, such as the American Rescue Plan Act of 2021 to provide stimulus to mitigate the effect of workplace ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wholesale Banking
Wholesale banking is the provision of services by banks to larger customers or organizations such as mortgage brokers, large corporate clients, mid-sized companies, real estate developers and investors, international trade finance businesses, institutional customers (such as pension funds and government entities/agencies), and services offered to other banks or other financial institutions. Wholesale finance refers to financial services conducted between financial services companies and institutions such as banks, insurers, fund managers, and stockbrokers. Modern wholesale banks engage in: * Finance wholesaling * Underwriting * Market making * Consultancy * Mergers and acquisitions * Fund management See also * Merchant banking * Retail banking * Commercial banking * Investment banking References {{reflist Banking Banking A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending ac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Startup Company
A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship refers to all new businesses, including self-employment and businesses that never intend to become registered, startups refer to new businesses that intend to grow large beyond the solo founder. At the beginning, startups face high uncertainty and have high rates of failure, but a minority of them do go on to be successful and influential.Erin Griffith (2014)Why startups fail, according to their founders Fortune.com, 25 September 2014; accessed 27 October 2017 Actions Startups typically begin by a founder (solo-founder) or co-founders who have a way to solve a problem. The founder of a startup will begin market validation by problem interview, solution interview, and building a minimum viable product (MVP), i.e. a prototype, to develop and validate their business models. The startup process can take a long period of time (by so ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Student Loans Of North Dakota
A student is a person enrolled in a school or other educational institution. In the United Kingdom and most commonwealth countries, a "student" attends a secondary school or higher (e.g., college or university); those in primary or elementary schools are "pupils". Africa Nigeria In Nigeria, education is classified into four system known as a 6-3-3-4 system of education. It implies six years in primary school, three years in junior secondary, three years in senior secondary and four years in the university. However, the number of years to be spent in university is mostly determined by the course of study. Some courses have longer study length than others. Those in primary school are often referred to as pupils. Those in university, as well as those in secondary school, are referred to as students. The Nigerian system of education also has other recognized categories like the polytechnics and colleges of education. The Polytechnic gives out National Diploma and Higher Nation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Sector
The private sector is the part of the economy, sometimes referred to as the citizen sector, which is owned by private groups, usually as a means of establishment for profit or non profit, rather than being owned by the government. Employment The private sector employs most of the workforce in some countries. In private sector, activities are guided by the motive to earn money. A 2013 study by the International Finance Corporation (part of the World Bank Group) identified that 90 percent of jobs in developing countries are in the private sector. Diversification In free enterprise countries, such as the United States, the private sector is wider, and the state places fewer constraints on firms. In countries with more government authority, such as China, the public sector makes up most of the economy. Regulation States legally regulate the private sector. Businesses operating within a country must comply with the laws in that country. In some cases, usually involving multinatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Advisory Board
An advisory board is a body that provides non-binding strategic advice to the management of a corporation, organization, or foundation. The informal nature of an advisory board gives greater flexibility in structure and management compared to the board of directors. Unlike the board of directors, the advisory board does not have authority to vote on corporate matters or bear legal fiduciary responsibilities. Many new or small businesses choose to have advisory boards in order to benefit from the knowledge of others, without the expense or formality of the board of directors. Function The function of an advisory board is to offer assistance to enterprises with anything from marketing to managing human resources to influencing the direction of regulators. Advisory boards are composed of accomplished experts offering innovative advice and dynamic perspectives. Meeting quarterly or biannually, boards can provide strategic direction, guide quality improvement, and assess program effec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
North Dakota Century Code
The North Dakota Century Code is the collection of all the statutes passed by the North Dakota Legislative Assembly since the state's admission to the Union. It also includes the North Dakota Constitution. The numbering system for the Century Code is a three-part number, with each part separated by a hyphen. The first part refers to the title, the second to the chapter, and the third to the section. For example, Section 54-35-01 refers to the first section in Chapter 35 of Title 54 (the section deals with the legislative management of the North Dakota Legislative Assembly). The decimal point system is used to designate sections that have been inserted between two consecutively numbered sections. For example, Title 12 deals with Corrections, Parole, and Probation, while Title 13 deals with Debtor and Creditor Relationship. The state Criminal Code A criminal code (or penal code) is a document that compiles all, or a significant amount of a particular jurisdiction's criminal law. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
North Dakota Agriculture Commissioner
In the U.S. state of North Dakota, the Agriculture Commissioner, formerly known as the Commissioner, is an elected official who heads the North Dakota Department of Agriculture. The present commissioner is Doug Goehring, a Republican. The office is a high-profile position, as agriculture is key to the state economy. The Commissioner of Agriculture is also a member of the North Dakota Industrial Commission, a three-member panel that oversees North Dakota's state-owned enterprises and also includes the Governor and Attorney General. The Agriculture Commissioner also sits alongside the Governor and seven other members on the State Water Commission. History Originally, the Department of Agriculture was combined with the North Dakota Department of Labor and was collectively called the North Dakota Department of Agriculture and Labor until 1966 when the two agencies split. The Agriculture Commissioner's term was then extended from two years to four, and was placed on a party affiliated ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Attorney General Of North Dakota
The North Dakota Attorney General is the chief legal officer of the North Dakota state government. The Attorney General's office represents the state government in court cases and issues opinions of points of law upon request. Drew Wrigley was appointed to the position on February 8, 2022, to finish the term of Wayne Stenehjem, who died in office. History Since the creation of the office by the state's constitution in 1889, the state has seen a total of 28 Attorneys General. The office has been known to change hands rather quickly. The office has been held by the North Dakota Republican Party for a wide majority of its existence; only three of the 28 Attorneys General were from the state's Democratic Party and two Attorneys General ran on the Non Partisan League-ticket. The Attorney General originally served a two-year term, but this was extended to four in 1964 by a constitutional amendment. Oversight The Office of the Attorney General oversees the state Bureau of Criminal Investi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Governor Of North Dakota
The governor of North Dakota is the head of government of North Dakota and serves as the commander-in-chief of the state's military forces. The Constitution of North Dakota specifies that "the executive power is vested in the governor" in Section 1. Section 7 indicates that "the governor is the chief executive of the state. The governor shall have the responsibility to see that the state's business is well administered and that its laws are faithfully executed." Eligibility According to Article 5 of the constitution, to be eligible to hold an elective office as governor, a person must be a qualified elector in North Dakota, must be at least thirty years of age on the day of the election, and must have been a resident of the state for the five years preceding election to office. Dates of party conventions and gubernatorial nominations The dates that political parties meet to nominate official candidates for state offices varies by party. Dates of general elections The dates of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
North Dakota Industrial Commission
The North Dakota Industrial Commission is the body that oversees the management of several separate programs and resources, including the Bank of North Dakota, North Dakota Mill and Elevator, and the Department of Mineral Resources. By law, it has three members: the Attorney General, the Agriculture Commissioner, and the Governor, who acts as chair. History The North Dakota Industrial Commission, a product of the Nonpartisan League (NPL), was established by the Legislature in 1919 to oversee the utilities, industries, enterprises, and business projects owned and operated by the state. Since its inception, the Industrial Commission has been composed of the Attorney General, Agriculture Commissioner, and the Governor, serving as chair. Areas of responsibility Bank of North Dakota The Bank of North Dakota is a state-owned-run financial institution. The president of the Bank reports to the Industrial Commission, who oversee the bank alongside a separate advisory board appointed by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
