Public Banking for New Mexico
The Bank of North Dakota
The highly successful Bank of North Dakota has been owned and operated for the benefit of the people of North Dakota for 100 years. The Associated Press reports that in 2017 the Bank of North Dakota (BND) recorded its 14th consecutive year of record profits, with $145 million in net earnings. BND has helped North Dakota maintain a low unemployment rate, large state government budget surpluses, a robust network of community banks, and high credit availability even during economic crises.
The Bank of North Dakota’s success could be the Public Bank of New Mexico’s.
- Founded in 1919 with $2 million in capital, (BND) reported assets of over $7 Billion in 2017.
- BND is highly profitable, with an ROI of 18% for 2018.
- BND posted its 15th year of record profits at $159 million in 2018.
- BND originated or renewed 17,299 loans totaling $1.33 billion in 2018.
- Community banks are thriving because of their partnerships with BND.
- North Dakota has the lowest unemployment rate in the nation.
- BND has added to North Dakota’s annual operating budget $300 million+ over the past 10 years.
Read a detailed comparison of New Mexico and North Dakota demographics, and contributions to state budgets and economies by New Mexico Permanent Funds vs BND sources.
New Mexicans, if you're a registered voter and haven't yet voted, get out there and vote! Answers to all of
New Mexicans, if you’re a registered voter and haven’t yet voted, get out there and vote! Answers to all of your voting-related questions (including polling locations) can be found here: https://www.sos.state.nm.us/voting-and-elections/voter-information-portal/.
Photo courtesy ABC News.
All Day (Tuesday)
It’s not too soon to start preparing for next year’s growing season, and New Mexico State University’s Cooperative Extension Service is hosting
It’s not too soon to start preparing for next year’s growing season, and New Mexico State University’s Cooperative Extension Service is hosting a six-part online series on sustainable agriculture topics to help growers get a head start this fall.
Due to the global health emergency, the NM WSARE program will forgo the traditional NM Sustainable Agriculture Conference this year. In its place, a series of webinars will be presented that focus on the many aspects that make a farm sustainable in New Mexico. Topics include: Seed saving, preventing herbicide-resistant weeds, promoting beneficial insects, growing vegetables in NM, fruit tree pruning, and drip irrigation. The free webinars will be 3 to 4 p.m. every Thursday from Oct. 1 through Nov. 5.
Did you ever want to learn how and why drip irrigation can be useful for your growing operation? In this week’s webinar, Dr. Bradley Tonnessen, Program Specialist in Vegetable Extension, will map out what it takes to start with an empty field and install a working irrigation system.
Register for Drip Irrigation on the Small Farm here.
(Thursday) 3:00 pm - 4:00 pm
New Mexico State University
As the COVID-19 pandemic struck, schools across America scrambled to respond. This fall, many K-12 school leaders opted not
As the COVID-19 pandemic struck, schools across America scrambled to respond. This fall, many K-12 school leaders opted not to resume in-person instruction as the public health risks remained too great. The resulting nationwide shift to online learning has posed many challenges for school districts and families, particularly those in lower-income and rural communities without high-speed internet access. Currently, some students are going to extraordinary lengths to access a Wi-Fi connection, even sitting in the parking lots of fast-food restaurants or on the stoops of closed schools and libraries. Vulnerable K-12 students are also experiencing penalties for not logging on—including disciplinary actions—which serves to widen achievement gaps among U.S. students.
On November 9 from 11am-12pm MST, the Center for Technology Innovation at Brookings will host a webinar on what the coronavirus pandemic has taught us about the digital divide in America’s schools and how the lack of access during this time may result in stifling the social mobility of students left offline. Expert panelists will discuss key lessons learned and highlight the most effective emerging strategies to secure a safe and quality education for every child, even amid a health crisis. Panelists will also discuss how federal, state, and local policymakers should be working together along with philanthropies to address digital disparities and alleviate some of the burdens on students, families, and school districts.
Viewers can submit questions via email to [email protected] or via Twitter at #DigitalSchools.
(Monday) 11:00 am - 12:00 pm
10nov1:00 pm2:00 pmGreater Profitability through Soil HealthA collaborative fall webinar series for the benefit of New Mexico’s farmers and ranchers and advancement of healthy soil principles on working lands
The State Land Office and the NM Healthy Soil Working Group proudly present a collaborative fall webinar series for the benefit of
The State Land Office and the NM Healthy Soil Working Group proudly present a collaborative fall webinar series for the benefit of New Mexico’s farmers and ranchers and advancement of healthy soil principles on working lands.
Tuesday November 10th – 1:00-2:00pm
Webinar with Gregg Simonds, Open Range Consulting
Gregg Simonds has consulted and/or managed ranches in the Western United States since 1974. For nearly two decades he worked with Deseret Land and Livestock (UT, WY, and MT) which has been called “a model for self-sufficiency that excels at protecting land and wildlife.”
Gregg developed cutting edge land monitoring methods using remote sensing technologies to meet real management needs identified from forty years of practical experience. These technologies provide a statistically valid and economically feasible means to assess rangeland and riparian habitats. He is perhaps best know for his work with Nevada ranchers and government agencies to find common solutions toward healthy sage lands and economically viable cattle operations.
Register here: https://docs.google.com/forms/d/e/1FAIpQLSdOisuxCDuqM4vKL4yVTfeAOpYtu7tdIaNzCbprZqOQvoJ5nQ/viewform
(Tuesday) 1:00 pm - 2:00 pm
Public Banking Institute invites you to join them and folks from around the country to discuss public
Public Banking Institute invites you to join them and folks from around the country to discuss public banking the second Friday of the month at 10am MST. This hour-long interactive conversation will give you a chance to ask questions of any sort about public banking, as well as find out about what’s going on in the movement, what problems are appearing and what developments are taking place. Instructions for joining this video and audio conference will be included in your registration confirmation. If you have questions, please contact the Administrator at [email protected] We hope to see you then!
Calls take place at 10:00 am MST on the second Friday of each month.
To register, follow this linK:
(Friday) 10:00 am - 11:00 am
Welcome to The Land Witness Project. This project was begun with a desire to learn about the ways human-caused climate change is affecting our lands and people. Numerous scientific reports
Welcome to The Land Witness Project. This project was begun with a desire to learn about the ways human-caused climate change is affecting our lands and people. Numerous scientific reports indicate New Mexico is one of the most climate change vulnerable states in the US. Some 97% of global climate scientists have been researching, reporting and sounding the alarm for decades. Graphs, charts and predictions, though essential, form only a partial understanding.
The Land Witness Project seeks to deepen scientific understanding with stories that clarify what is at stake for us as individuals and communities. They are stories about families and traditions, land and water, doubt and worry, and love and commitment. They express a living relationship to the land that seeks to protect and restore it. They are stories filled with positive action, along with concrete ideas for further, urgently needed action.
Land Witness accounts are expressed by New Mexicans of varied backgrounds and occupations. They all love this land deeply, and are keen observers of our diverse ecosystems. Each person has special ties to their particular region, and each is a steadfast defender, protector, leader, and educator on behalf of the land.
We invite you to listen and watch, read and reflect, engage and share. These stories illuminate climate change-related dangers and opportunities for all New Mexicans, now and into the future. Through the shared wisdom of these Land Witnesses, our hope is that that will move us all to take action locally.
Visit the Land Witness Project @ www.landwitnessproject.com
Meeting ID: 823 0755 3865
One tap mobile
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(Monday) 6:30 pm - 8:00 pm
Revolution at the Federal Reserve: Nomi Prins and Thomas Hanna
The Laura Flanders Show
Jan 22, 2019
As Jim Yong Kim resigns from the World Bank, we talk about the way central banks steer world development and for whom. Former Goldman Sachs managing director Nomi Prins, author of “Collusion: How Central Bankers Rigged the World,” and public ownership researcher Thomas Hanna believe that banking, and development, could be very different.
California’s New Public Banking Option Opens Door for Real Community Investment
FAIR / Truthout.org
Economy & Labor
Oct 22, 2019
Janine Jackson interviews Public Bank LA’s Trinity Tran about public banking for the October 11, 2019, episode of “CounterSpin.”
Today most of our money is created, not by governments, but by banks when they make loans. This book takes the reader step by step through the sausage factory of modern money creation, explores improvements made possible by advances in digital technology, and proposes upgrades that could transform our outmoded nineteenth century system into one that is democratic, sustainable, and serves the needs of the twenty-first century.
“I had the good fortune to work on this initiative before Bernie kidnapped all my time. This is one of those no-brainer initiatives that only the 1% could oppose. It has the potential to save the state millions of dollars by vastly reducing the cost of its bonds to improve infrastructure funding. in a public bank, our state funds can be used to build our local economy and our local infrastructure.”
– Paul Gibson
Retake Our Democracy