And unlike other financial institutions, the state bank is not F.D.I.C. insured; its deposits instead are guaranteed by the full faith and credit of the state of North Dakota. With 12 bills introduced in 2013, other states could decide to follow the path that North Dakotas legislature took in 1919. Proponents of state-owned banks argue that they create new jobs and encourage broader economic growth by providing more loans to small businesses at a time when commercial financial lending is limited. State-owned banks generate revenue for states without raising taxes (through the banks dividends) and may offer affordable alternatives for public infrastructure projects at lower borrowing costs. Proponents also contend that these institutions strengthen local banks by acting as a bankers bank, lending to commercial financial institutions. Critics counter that state-owned banks require significant start-up capital from public coffers and could disrupt the economy because they would withdraw the public funds now held by large commercial banks. Because there would be no F.D.I.C. insurance, these institutions pose a risk to states in the event of any bank losses. Critics also assert that state-owned banks are unnecessary because commercial financial institutions already lend to qualified borrowers meaning a state-owned bank would unfairly compete against commercial banks. State lawmakers have been weighing the options.
Golf-Penpix of United States Presidents Cup team
Though a rookie, Dufner should be well suited to the Presidents Cup with his ice-cool demeanour and solid ball-striking. Previous Presidents Cup appearances: None – – World Ranking: 7 PGA Tour victories: 12 A PGA Tour veteran, Stricker produced one of his most successful seasons in 2013 despite playing a limited schedule to spend more time with his family. He posted eight top-10s in 13 starts, including four runner-up spots, and ended his campaign with the lowest adjusted scoring average (68.95). A brilliant putter, he can be paired with virtually anyone on the U.S. team. Previous Presidents Cup appearances: 1996, 2007, 2009, 2011 Presidents Cup record: 11-8-0 World Ranking: 28 PGA Tour victories: 5 A captain’s pick for the Presidents Cup two years ago, Haas earned automatic selection for this week on the way to a very consistent 2013 PGA Tour season that included a nine top-10s. Won the fifth title of his career on the U.S, circuit at the AT&T National in June and is expected to be paired up with his good friend Webb Simpson at Muirfield Village. Previous Presidents Cup appearances: 2011 Presidents Cup record: 1-3-1 World Ranking: 26 PGA Tour victories: 5 Often a wild card selection for U.S. teams, Mahan was an automatic choice for Muirfield Village after another successful PGA Tour campaign, especially in the bigger events. He recorded top-10s at the U.S. Open and British Open and was runner-up at the WGC-Accenture Match Play Championship, which he won in 2012. Has greatly improved his short game over the past two years. Previous Presidents Cup appearances: 2007, 2009, 2011 Presidents Cup record: 8-5-1 World Ranking: 11 PGA Tour victories: 10 Johnson clinched an automatic place on the U.S. team in spectacular style, sinking a 26-foot birdie putt on the final hole of the Deutsche Bank Championship.
United States roster falling to pieces ahead of remaining 2014 World Cup qualifiers
puzzle, so any efforts at a top performance begins with their midfield glue. Clint Dempseys hamstring issue (Where did he get this thing? No one seems to know.) has kept the U.S. attacker out of Seattles last two matches. Even if Dempseys condition improves, Seattle is likely to lobby for keeping him, for playoff positioning and Supporters Shield pursuits next week. Considering Dempsey is Major League Soccers top wage earner, it seems like a reasonable request. (MORE: U.S. Soccer and Jones refute reports of injury) Jermaine Jones status may be up in the air; reports out of Germany say surgery will have Jones on the shelf for a few weeks. But Jones and U.S. Soccer are refuting those reports, so stay tuned on this one. Either way, if Jones has a knee issue, its fair to wonder if Schalke will be excited about extra travel and matches that are, officially speaking, meaningless.
Why the United States should merge its Ground Forces
Generals James Amos and Raymond Odierno and Admiral William McRaven seem to second Admiral Winnefelds claim when they argue that today the need to conduct large-scale aid and consequence management missions, both within the United States and internationally, is certain to grow. General James Amos, the Marine Corps Commandant, also recently echoes this view when he advocates a lighter but mobile Marine Corps because he believes tomorrows conflicts will likely involve violent extremism, battles for influence, disruptive societal transitions, natural disaster, extremist messages and manipulative politics. However, if the United States Armed Forces are truly concerned about raising a cost-efficient and versatile ground force, it can merge the Army, the SOCOM and the Marine Corps into one unified service branch. This idea is not new. As far back as 1994, the late Colonel David Hackworth advocated the merger of the Army and the Marine Corps because their missions seemed to overlap. He went so far as to claim that the Department of Defense (DoD) could save around $20 billion a year. Nevertheless, absent in Hackworths column was a coherent blueprint for how the DoD could effectively unify its ground components into a cohesive service because Hackworth did not flesh out his strategic vision for what 21stCentury wars may look like. Which raises a very salient question as to what Americas strategic priorities should be. In a perceptive op-ed, Mark Fitzgerald, David Deptula and Gian P. Gentile aver that the United States must choose to go to war as a last resort and not a policy option of first choice. To this must be added another imperative. The United States Armed Forces must prioritize homeland defense as its primary mission and rethink the mistaken belief that the United States can somehow secure its interests through lengthy military occupations of foreign lands. Thus, this newly merged service must redirect its focus towards countering cyber warfare and CBRNe (Chemical, Biological, Radiation, Nuclear and explosives) attacks and should work towards bolstering its counterterrorism (CT) capabilities. This is because, due to the convergence of the global community , the United States may be vulnerable to attacks from within by homegrown terrorists and drug cartelsall of which may wreak havoc and may even cripple Americas domestic infrastructures. Reorientation of its mission focus may also require that the new service reconfigure its size. After all, as Chairman of the Joint Chiefs of Staff, General Martin Dempsey wrote inForeign Affairs, Washington should remember that the size of the armed forces is not the most telling metric of their strength. One solution is to adopt the so-called Macgregor Transformation Model (MTM) centered around the combat group concept which may reduce the strength of the new service yet in the end produce a force that has greater combat capability[and] more sustainable. This model may provide the United States with a deployable fire brigade in the event of a national emergency or an international crisis. Already, the bases from which to adopt this viable model exist in the form of Army brigade combat teams (BCTs) and Marine Air-Ground Task Forces (MAGTFs) of various sizes . Should the United States decide that it needs to project its hard power abroad to guard its interests, it could deploy the Special Operations Forces (SOF) components of the new service in tandem with UAV (Unmanned Aerial Vehicles) to selectively target and neutralize potential threats. While the SOF and UAV surgical raids should not be viewed as substitutes for deft diplomacy, they canprovide cheaper and selective power projection capabilities . Moreover, doing so could minimize the risks inherent in power projection and anti-access/area denial (A2/AD) missions which may potentially mire the United States in messy and protracted conflicts.