North Dakota
Hennen: North Dakota’s banks are in good hands
![Hennen: North Dakota’s banks are in good hands Hennen: North Dakota’s banks are in good hands](https://cdn.forumcomm.com/dims4/default/349b8a2/2147483647/strip/true/crop/2409x1986%200%200/resize/1293x1066!/quality/90/?url=https://forum-communications-production-web.s3.us-west-2.amazonaws.com/brightspot/c4/8d/81b2fa854770b75af5eefe2afccd/scott-hennen-cropped.jpg)
I’ve three vital factors to get throughout on this column:
- Our banks are protected!
- Our banks are protected!
- Our banks are protected!
The echo-chamber company media is a harmful weapon. They’ll simply take the errors of 1 poorly run California financial institution that you simply’d by no means heard of earlier than and switch it into a pretend disaster.
I’ve a suggestion for these reporters who dig yelling “Fireplace!” in a crowded theater. Relatively than observe the pack and report the identical factor everybody else does, strive a novel angle. Why do not you evaluate North Dakota banks to Silicon Valley Financial institution or another such nationwide or regional financial institution? The distinction is stark.
To be clear, all banks have confronted difficult occasions because of the Biden administration. The large spending and money-printing insurance policies have introduced historic inflation. Over the past 12 months, inflation has spiked to 40-year highs. That brought about the Federal Reserve to hike rates of interest eight occasions within the final 12 months. Which means much less borrowing and fewer earnings for banks. However our group banks anticipate each state of affairs and plan for it.
Anne Balcer, senior govt vp, chief of presidency relations and public coverage for the Impartial Neighborhood Bankers of America, instructed me: “One of many issues we noticed earlier than Silicon Valley Financial institution collapsed was the buyers within the financial institution had been pulling their very own fairness. They had been promoting their very own inventory within the financial institution. They usually themselves, the insiders, had been those working first.”
“What we see with our group banks is the other. Normally, insiders are placing cash in after they anticipate difficult monetary occasions. Each economist I’ve talked to since final September has mentioned we’re on the verge of a recession. So what our group banks have carried out is taken steps to be notably conservative, guaranteeing that they’re in a protected and sound place. And actually that’s to ensure there isn’t a disruption in providers that they’ll present to their group members. Certainly one of many variations is how they create steadiness sheets that can face up to these altering financial occasions. They’ve been round for a whole lot of years and absolutely intend to stay in place for the following hundred or so to return.”
I additionally requested tv star and entrepreneur Kevin O’Leary of “Shark Tank” fame about one in all our most well-known banking belongings
throughout his current go to
to North Dakota: “That is the one state within the union with its personal efficient sovereign wealth financial institution, banking is beneath scrutiny. Now, regional banks everywhere are going beneath, however not right here. I imply, you guys began your individual financial institution in 1919, and you’ve got had just about no failures as a result of it is well-run.”
Requested to match our banks to what occurred with Silicon Valley Financial institution, he mentioned: “In a nutshell, it is a financial institution run by idiots. It is that easy. These are robust phrases, however it’s true. These guys ran the financial institution like a hedge fund. Everyone ought to come to North Dakota. You do it proper!”
In case you have any doubt concerning the energy of our banks, ask your banker. They’d love to clarify how they do it in a different way right here in North Dakota.
Scott Hennen hosts the statewide radio program “What’s On Your Thoughts?” On AM 1100 “The Flag”, AM 1090 KTGO “The Flag” and AM 1460 KLTC. E mail him at
ScottH@FlagFamily.com
This column doesn’t essentially replicate the opinion of The Discussion board’s editorial board nor Discussion board possession.
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North Dakota
The most deadly time to drive is between Memorial Day and Labor Day
![The most deadly time to drive is between Memorial Day and Labor Day The most deadly time to drive is between Memorial Day and Labor Day](https://www.kxnet.com/wp-content/uploads/sites/16/2024/07/Cars-on-Road5-1.png?w=1280)
NORTH DAKOTA (KXNET) — The hundred-day span between Memorial Day and Labor Day is marked as the most deadly period on the road here in North Dakota.
According to the North Dakota Department of Transportation’s 2022 crash summary report, fatal crashes are twice as likely during this time.
That’s why North Dakota leaders are urging drivers to not fall into a “false sense of security” during the bright and cheery days of summer.
According to Travel and Leisure, North Dakota has been marked as the state with the most reckless drivers.
There’s a range of reasons for this from drunk driving to speeding. But another reason is that when the snow clears, North Dakota drivers are eager to get out more and drive faster than they would in the snow, according to the North Dakota Department of Transportation’s Highway Safety Division director.
And because North Dakota has some of the lowest citation fees in the nation, ranging from $5 to $100, the Highway Patrol’s safety and education officer says that drivers aren’t given enough deterrents to drive safely.
However, with growing concerns about safety, there could be talk of increasing citation amounts in coming legislative sessions.
North Dakota
NDGF taking proactive measures to prevent aquatic nuisance species from spreading
![NDGF taking proactive measures to prevent aquatic nuisance species from spreading NDGF taking proactive measures to prevent aquatic nuisance species from spreading](https://gray-kfyr-prod.cdn.arcpublishing.com/resizer/v2/Q7LPD3KRJJFQJLOODC5TJJE56I.png?auth=8d41b8df7260e0e10d4e3cd77be1fceee0ecc1961a9be6d036e1fab6e73e6bc9&width=1200&height=600&smart=true)
BISMARCK, N.D. (KFYR) – Aquatic nuisance species are nonnative plants, animals and pathogens that can threaten our aquatic resources. The North Dakota Game and Fish Department is taking proactive measures to stop the spread of ANS into our waterbodies by conducting watercraft inspections at popular boat ramps statewide.
“We got watercraft inspectors that are working throughout this summer around the state of North Dakota to check boats, to educate boat owners to do the right things at ramps, make sure boats are all clean, drain, dry before recreating here,” said Ben Holen, NDGF Aquatic Nuisance Species Coordinator.
What can anglers or watercraft recreationists expect when they come to an ANS inspection?
“A watercraft inspector will ask a few questions, only takes a couple minutes, and then they look at the hull of the boat. They’re looking at the engine area, looking at the anchor and also looking at all drain compartments, making sure all water is out of that watercraft. Everything is drained. Everything is cleaned, drained, dry before you get on that water body,” said Holen.
These watercraft inspections are voluntary and most people are cooperative and thankful the Game and Fish Department is spearheading efforts to stop the spread of ANS.
“We see a lot of our fishermen are really educated about aquatic nuisance species. They’re pulling their plugs every time, removing vegetation, doing the right things. Occasionally there are slip-ups, but that’s why our inspectors are out here making sure that those boats are good to go,” said Holen.
It’s not only fishing boats that are inspected, it’s all watercraft.
“So whether you’re a jet skier, a kayak, a canoer, a wakeboarder, you all play a part in curbing the spread of aquatic nuisance species in North Dakota,” said Holen.
The purpose of these inspections is to educate the public so they can help curb the spread of ANS.
“We can’t be at every ramp, every single circumstance, so hopefully some of these recreationists can take the tools that they learn from watercraft inspectors and apply them on their own when they’re out there recreating on their own and do a self-inspection,” said Holen.
The Game and Fish Department is committed to safeguarding our natural resources for future generations to enjoy.
“So we really, really like to keep it that way and keep these resources pristine for a long time,” said Holen.
For more information on Aquatic Nuisance Species, visit gf.nd.gov
Copyright 2024 KFYR. All rights reserved.
North Dakota
How gas prices have changed in North Dakota in the last week – 7/19/2024
![How gas prices have changed in North Dakota in the last week – 7/19/2024 How gas prices have changed in North Dakota in the last week – 7/19/2024](https://www.kxnet.com/wp-content/uploads/sites/16/2024/06/gas-tax-e1719598544658.jpg?w=1280)
STACKER — The typically busy summer driving season tends to lead to more demand for gasoline and, in turn, higher prices at the pump. But that hasn’t happened this summer, and analysts aren’t sure of the reason.
“[Drivers] appear to be staying off the road, and the recent scorching heat is possibly to blame. Maybe things will pick up soon,” AAA spokesperson Andrew Gross said in a statement Thursday, adding that prices could dip even lower.
Prices are several cents above their levels a month ago, but a gallon of gas is still cheaper than it was this same time last summer. The U.S. has been producing a large amount of gasoline to bolster domestic supply, another factor that can push prices downward. The total amount of gasoline in the U.S. supply is slightly above the five-year average, according to Energy Information Administration data.
Stacker compiled statistics on gas prices in North Dakota. Gas prices are as of July 19.
North Dakota by the numbers
– Gas current price: $3.39
– Week change: $0.00 (0.0%)
– Year change: -$0.08 (-2.3%)
– Historical expensive gas price: $4.80 (6/15/22)
– Diesel current price: $3.65
– Week change: -$0.01 (-0.2%)
– Year change: -$0.13 (-3.3%)
– Historical expensive diesel price: $5.62 (6/25/22)
Metros with most expensive gas in North Dakota
#1. Minot: $3.48
#2. Bismarck: $3.48
#3. Grand Forks (ND only): $3.27
#4. Fargo-Moorhead (ND only): $3.24
States with the most expensive gas
#1. California: $4.72
#2. Hawaii: $4.70
#3. Washington: $4.27
States with the least expensive gas
#1. Mississippi: $3.00
#2. Louisiana: $3.10
#3. Texas: $3.12
This article originally appeared on Stacker, and was produced and distributed through a partnership with Stacker Studio. It has been republished pursuant to a CC by NC 4.0 License.
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