Public Banks: Bank of North Dakota

Date: 2 Jul 2015 | posted in: Banking, The Public Good | 1 Facebooktwittergoogle_plusredditpinterestmail

North Dakota is the only state so far that has established a publicly owned bank. Founded in 1919, the Bank of North Dakota has a mission to “promote agriculture, commerce, and industry” and “be helpful to and assist in the development of… financial institutions… within the State.” BND functions primarily as a “banker’s bank” by providing loan participation and other support to local banks. Thanks in large part to BND, community banks are much more robust in North Dakota than in other states. North Dakota has 35 percent more banks per capita than South Dakota, and four times as many as the national average. While locally owned small and mid-sized banks account for only 30 percent of deposits nationally, in North Dakota they have 72 percent of the market.
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Internet Sales Tax Fairness

Date: 8 Jan 2013 | posted in: Retail | 2 Facebooktwittergoogle_plusredditpinterestmail

Current federal policy exempts online and mail-order retailers from having to collect state and local sales taxes, giving them a sizable 4 to 11 percent price advantage over local stores. Advocates of a level playing field are calling on Congress to remedy this inequity by passing the Main Street Fairness Act. Meanwhile, states like New York are using existing state authority in particular cases, and states like South Dakota are undertaking an effort to land the issue back before the U.S. Supreme Court.… Read More

Hawaii Supreme Court Rules Civil Service Jobs Cannot be Privatized

Date: 9 Apr 2012 | 0 Facebooktwittergoogle_plusredditpinterestmail

In 1997 the Hawaii Supreme Court ruled in Konno v. County of Hawaii that a County could not privatize the operation of a landfill since these were jobs that “are performing a service that has been customarily and historically provided by civil servants”. The case involved a County that had contracted with Waste Management Inc. (WMI) to build and operate a new landfill to take the place of one operated by County employees. … Read More

Pacheco Law in Massachusetts

Date: 6 Apr 2012 | posted in: governance | 0 Facebooktwittergoogle_plusredditpinterestmail

In 1993, after Massachusetts government privatized 36 operations in the previous 3 years, the legislature passed what came to be called the Pacheco Law over then-Governor William F. Weld’s veto. The law imposes the strictest series of tests in the nation before a service can be privatized.… Read More


Date: 29 Mar 2012 | 0 Facebooktwittergoogle_plusredditpinterestmail

The United States health system consists of over 400 insurance companies and thousands of different plans.  Indeed, in the early 1990s, after Taiwan concluded a worldwide investigation of health plans in preparation to designing its own, its Minister of Health … Read More

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