the state of north dakota is doing business as the bank of north dakota. a separate legal entity 100% owned by the state of north dakota with nearly all deposits coming from state tax revenues and fees. it is a $4 billion banquet laurent -- loan portfolio of $3 billion and generated a wrecking -- record $62 million, about half of which was transferred to the state's general fund and the rest leveraged into targeted lending. of the past few years, a bolster the fund by three under $50 million -- not bad for a total population of 670,000. their mission is to serve the interest of the people of north dakota. this is the overriding decision factor used to determine everything from business strategy to loan participation decisions. in my conversations with retired executives, board of advisor members and north dakota community bankers, serving the interest of the people of north dakota is frequently referenced as their guiding principle. the bank of north dakota takes the credit available to it from the deposits in the bank and packages it into dozens of long p

there is only one in the country at this time, the bank of north dakota. it does require a change in the state law, so there would be some effort required by the city to make that change or to facilitate that change occurring at the state level. there are startup and operational costs. cretan the bank of this skill is not a minor effort. so it would take some initial investment. although, because it is a business like opportunity and a depressed, it means return down the road. it takes cash and resources at the outset to get the enterprise going. there is a 10% capital reserve requirement that would apply, a federal reserve requirement that would apply to the city bank. that means some funds cannot be used for city operations or loans, as is true of all banks that currently do this, private banks and credit unions, etc. you mentioned the partnership bank model. i want to touch on that. the advantage and disadvantages and what would need to be done apply in either case. the partnership bank, which is the model used by the bank of north dakota, is not too in

here in north dakota, the focus is common sense regulation. what we have in north dakota. we have checks and balance on regulation to ensure the regulatory environment is common sense, protects the environment. and also allows industry to know what they need to do before they make that investment. that's whey i think in north dakota because of the resource but the opportunity they invest capital and know they will get a return. rules won't change. >> i have heard amazing story from north dakota. 18,000 unfilled jobs. 3.3 to 5% unemployment, lowest in the nation. i heard someone say you can get $80,000 to drive a truck tomorrow morning. you show up with a good lie sention. giv -- with a good license. give me examples. >> there are all kind of jobs available. i was there on friday and it is booming. no question. housing is a challenge. having said that. the number one concern that people have is the, excuse me. the number one concern is the regulatory environment. the obama administration has so many rules and regulations that put this industry in jeopardy. there is tremendo

south dakota avenue is not an option. if virginia, delays on 66, manassas centreville at 50 at the beltway, 395 running expedia glebe road. -- running at speed. >>> the founding father of apple computer and picksxar died of pancreatic cancer last night. the creative things that we did not even know we needed. even president obama said the world has lost a visionary. we are looking at the legacy that he left behind and what is passing could mean for the future of the computer company that leaves behind. brianne carter joins us with more this morning. >> good morning. it seems everywhere you look you can see the impacts steve jobs had on the technology that we use today. we can see just, to people called here at the georgetown apple stores. there are flowers and candles as well as notes that have been left by those that have been impacted by the devices that he created, from the iphone to the ipads, he has changed technology forever. six weeks ago the 56-year-old stepped down as ceo of the company that he co-founded decades

the state of north dakota is doing business as the bank of north dakota. a separate legal entity 100% ne

100% of the state funds are required the best north dakota state puns are required to be deposited in the banks, and deposits are returned to the state. they did turn a profit in 2010 for the seventh straight year. they made a $61 million profit. i believe about half of that goes to the state general fund. they are a member of the minneapolis federal reserve bank, so the operate like neither bank would in north dakota, subject to the rules and regulations of the federal reserve. they're not ensured by the federal deposit insurance corporation, but instead the state provides the guarantee for the deposit and depository. that may have been a choice on their part so that they could have control of more funding, because otherwise there would be paying some sort of feet. supervisor avalos: with the fdic around when they got started? >> i do not know if it was. that may have been part of the reason for it as well. what advocates of the bank of north dakota and public banking have pointed out is that the state of north dakota has a low unemployment rate, 3.2%, and they achieved budget surplu

new york avenue "crash tax" south dakota avenue -- a crash at south dakota avenue. >>> the 52 degrees. >> up next, chaz bono's final bow, what he says about six weeks on the ballroom floor. >>> coming up on "anderson," i am conquering my fear of heights. on my next show, we all have fears. i will show you how to face them and overcome them. on the next "anderson." >>> 6 down and the six still in the competition. >> chaz bono had one of the worst scores during broadway week. for the transgender activists it's the end. he says that he is sad to go but does not consider the elimination bad news. >> it truly was a life changing experience. it showed me so much about myself. >> what is the one in thing that makes you smile right now? >> dust, and do, how much i'm capable of, how much i can overcome. if i really had no idea until i was challenged on every level. -- just what i can do. >> it was a challenge for him where sparkles and get out there and have fun. >> there will be a halloween theme next week. >>> 6:25. still another half-hour of "good morning washington." >> more rescues from t

are quite happy with the bank or north dakota because it serves as the central bank for the state they make cheap liquidity available for the local banks they partner with the local banks they do guarantee the local banks loans and that allows local banks to make much bigger loans and were secured loans then they went out their rights right well having a public bank doing utility functions in the banking sector. would of course increase the competition in that sector and it would create a nice healthy competitive economy but america and the u.k. for the most part hate competition. and they preserve they rather have the rent seeking and the monopoly profits of a kleptocratic class and we're seeing the result of that now on the federal level let's talk about the federal reserve for a second the idea of putting it underneath the treasury reporting to the treasury a suggestion made by dennis because senator recently what are your thoughts on this i think it's better to nationalize the federal reserve then to eliminate the federal reserve just because a central bank does serve many useful f

they're trying to beat the north dakota winter. the first snow they say is any day now. 44 inches a year. but it's not stopping families from moving from all over the country, because what's also in season? jobs. the help wanted signs are everywhere, insurance,less raugss, retail. walmart holding weekly job fairs. 16,000 jobs up for grabs in north dakota right now, 3,000 alone in bismarck. unemployment, a stunningly low 3%, the lowest rate in the country. what's behind it? north dakota's own oil boom. but economists say it's hardly just the oil. agriculture, wheat, corn, farmers earning record money. manufacturing, too. everything from meat plants to making heaters. factories are hiring here. mark, who had never been to bismarck, out of work in phoenix. this electrician was desperate for a job. >> in arizona, it took at least 30 days just to get an interview. here, it took a week. >> reporter: a week. not only far call-back, but for a job offer. he moved his family here two weeks later. but it turns out after finding a job here in

because most south dakota people are strike being fans. but i cheer for all the south dakota teams. >> thank you for being here. >> thank you. >> what should the united states do with iran for trying to assassinate the saidian arabian ambassador on our soil? john hundreds man is here. he's next. and big developments in the "fast and furious" scandal. is attorney i don't know eric holder playing it straight or is he covering it up? attorney general has been served with a subpoena for documents. congressman issa's committee issued the subpoena and he goes on the record. plus, 2.4 million, and it's thanks to the taxpayers, sent to solyndra. and you can't see what the bill is for, you just have to pay it. is for, you just have to pay it. that's coming up. some vehicles sacrifice luxury to improve fuel efficiency. but the jeep grand cherokee uses advanced technology. like the quadra-lift air suspension that lowers the vehicle at highway speeds to improve aerodynamics and deliver a more than 540 mile driving range. so you can raise your standard

it's primarily the dakotas, but we are surrounded by this date in north dakota and nebraska. i also live along the missouri river where we get our drinking water along with many tribes along the way. there's probably 10 more. there's other tribes that are away from the river that are provided drinking water to the real water systems in the rosebud a neocon ogallala sioux tribes. the oklahoma tribe are opposed to the construction of the xl pipeline. the resource impacts are important to the tribes come, the sewer environmental damage potential, economic and health impacts fewer people into our tribal populations. as an executive order i know that create the presidential approval of this process here. if there's also executive order is that it status to demand consultation directly with the tribal governments on a government to government basis and the tribes want that to be upheld and part based. the va is finding of no significant impact on the environment is just incredible. but we are told that the state department is going to review das relative to risk assessment and liab

i opened up an account in that north dakota bank. that's one reason north dakota has the lowest unemployment rate in the country, because they not only is the bank there to help you, but they have insurance programs and funding programs to make sure the people, and there are some competition for the banks. there is no competition here for the banks. whatever they want to do, go ahead and do. if we had a municipal bank and a state bank and had competition for the banks who won't stop sitting on all that money. because that is the world's to go, they will start working with some of the people because they're not going to make no money just sitting on it. i think this is one of the best things we can do -- open up a bank here and have some competition where people have other places they can go and the banks will start dealing with a lot of people now they won't even deal with. i am so glad this is being pushed. i'm the one to holler about it -- you can go up and down third street and ask every businessman, i've never been able to get a

part of south dakota avenue has so that the sea water workers can get out and fix the problem. the charter school is also close. work is expected to continue until 2:30 p.m. this afternoon. >>> a power outage is closing business in downtown alexandria. to make repairs, power crews to parts ofctricity street, as well as 63. the alexandria courthouse is

and up in north dakota from the floods. and when i was flying over north dakota, had the opportunity with the general and a couple congressmen. and as we're flying over, and it was just cresting. in looking at the damages, the general is explaining how many homes and businesses were damaged. in sort of a side mentioned we've really done a good job and haven't lost any lives and working hard, and we saved the school and did this and did that. later i went and talked to the mayor and governor and police, fire, e.m.s. folks and chiefs and command staffs and a lot of people that had been working on fighting the flood in north dakota for literally -- much longer, but this part of it for two weeks. and sometimes i think we miss things and we forget things. but for total devastation, they did not lose one life. that is incredible. if you can view the damage that happened there. and the reason that is, is because they prepared. they took the time. they were exhausted. but they saved lives. devastating, it will take years to rebuild

it back inside we will map out a couple problems that water main break is closing a portion of south dakota avenue in northeast washington. anticipate, flow only traffic headed into northeast and there all lanes are open virginia, 95, buckled down with delays across the occoquan, and lee chapel has the westbound lanes closed. that is a check of your on time traffic. >>> he was certainly known as a

i've been trying for 20 years, 30 years along with other southerners, north dakota, south dakota, senator conrad especially, to try to get the corp. of engineers to not force us to let so much water out. that's been going on for years. now we have a flood. it's terrible. there's a flood down descreem. it's terrible. but my main point here is let's be careful. the army corp. of engineer studies this stuff and trying to figure the proper balance, how much water is kept and not kept and so forth, and i find it a little strange that suddenly, i know the reason because of the floods, and it's devastating, terrible, and now they have the opposite message. really, we want water, want water, want water. this year, no water, no water, no water. i mean, it's just the opposite. they don't tell you that. they don't tell you what the last 30-year history has been as they ask for more and more water, so, and frankly, this is a difficult subject. to the degree one believes 234 climate change, and i do, scientists will say that with increased climate change in this world, there's greater volatility in we

what does this do for south dakota? i won't quote the statistics i can say i have personally seen the numbers impact in the state of south dakota, and in terms of increased employment, income and taxed revenue. and it is definitely good for south dakota. and it is definitely a step toward energy independence and oil we don't have to purchase from an unstable middle east country. therefore, i respectfully urge you to conclude the review process and improve the presidential permit. thank you. [applause] >> thank you. now i would like to call number 27, dave collier, number 28, charles bernard, number 29, doug hardee and number three, jack. >> good morning. i am dave c-o-l-l-o-u-r. but me start by being clear about why i am here. it's clearly for the u.s. to decide whether it is in america's national interest. our interest is in making sure that this decision is based on objective analysis and is aspelin from as possible. i would like to offer five points for your consideration. first, in our view this is not tall about th

this. >> reporter: and all of this is because there is so much oil under the ground there in north dakota and montana, brian, they think there's at least 24 billion barrels of oil under ground. >> it's an incredible story and we'll see more on this tonight. folks who know someone chronically unemployed, this really is the place to go. as we may mention again later on, it's just one of the stories on the premiere of "rock center" tonight, 10/9 central on this nbc station. harry will be here with us. >>> up next as we continue, who would pass up a high-paying promotion in this day and age? well, we'll tell you about the choices some women are making and why. >>> and later, the "making a difference" report we aired right here about a boy starting his racing career to help families with cancer. tonight, the big-time driver who saw our story and decided to help. and having enough income when you retire. that's why i'm here. to help come up with a plan and get you on the right path. i have more than a thousand fidelity experts working with me so that i can work one-on-one with you. it's your gr

welcome to williston, north dakota. it actually has a negative unemployment rating. nbc's harry smith just got back from williston, now a contribute tore to nbc's "rock center" which debuts tonight on nbc. what's going on here? >> there is a phenomenal amount of oil under the ground there. the oil patch is combined states of texas, massachusetts and ohio combined. they think there is a billion gallons of oil and williston is the capital of this oil patch. you see things happening there that you don't see anywhere else. >> the trucks rumble through like modern buffalo, a stampede that can't be stopped. starting salary for truck drivers, 80,000 a year. you can make $15 an hour at taco john's. in town or in the oil field, if you're willing to work, the money is here. >> you know, there is opportunity here, and that's what we all need is an opportunity. >> long-time mayor ward kosher says williston is fast becoming host to job seekers in all 50 states. in just five years, its population has nearly doubled to 23,000. >> we would have two to thr thousand job openings here.

what you have with dakota was not even in that realm. he was saying a personal belief in the most nonhostile way he could. i believe homosexuality is wrong and it is based on my faith. the person could have said i believe same-sex marriage is wonderful and i'm a christian as well. there is a big line before expressing your first amendment free speech and bullying. that cota was expressing what he -- he was expressing what he thought, not bullying in any sense. >> an interesting case. we thank you all for sharing it with us and we hope you will keep us update. >> we will do it. thanks, shannon. >> after the break. a unique dog show with an i'm so ugly i'm cute category. can't wait to see it. plus, why did the sea lion cross the road? and no, it is not a joke. we'll explain, right after this. so who ordered the cereal that can help lower olesterol and who ordered the yummy cereal? yummy. [ woman ] lower cholesterol. [ man 2 ] yummy. i got that wrong didn't i? [ male announcer ] want great taste and whole gin oats that can help lower choles

it back inside we will map out a couple problems that water main break is closing a portion of south dakota avenue in northeast washington. anticipate, flow only traffic headed into northeast and there all lanes are open virginia, 95, buckled down with delays across the occoquan, and lee chapel has the westbound lanes closed. that is a check of your on time traffic. >>> he was certainly known as a technology wizard who transformed people's lives apple cofounder steve jobs has died. >>> a look back at the man who changed the face of the music, computer and cell phone industry. >> good morning and thank you for coming we have some fun stuff today. >> reporter: steve jobs devoted his life to changing the way we interact with media and technology he began his career in 1974, designing video games at atari. four years later he set up apple. they created the apple 1 a single board computer with a built in video terminal next came apple 2 the first to have color graphics and only competition to microsoft's windows, the personal computer revolution had begun. jobs left apple in the late 80s after a

i want to point you out to the dakotas. both of these are going to be affecting our weather throughout the next couple days. partly cloudy into the afternoon. winds into the southwest, 5 miles per hour. some areas into the 50's. some major concerns there. increasing clouds overnight. drop down back into the 30's. suburbs downtown areas into the upper 40's. let's put the futurecast in motion. it's going to be heading our way. so clouds increase overnight. the front passes by tomorrow afternoon. could bring an isolated shower to baltimore. another chance for rain in the seven-day forecast. wednesday through thursday rain chances significantly increase. a warm-up mid-week. then as storms pass by, a significant cooldown. >> well, with halloween only a week away, many will be looking for a spooktacular way to celebrate. one of the best places to go is here in baltimore. lowell melzer has more from aunted fells point. >> who knew that one of the scaryest hotels in america was right here in fells point. well, according to trip adv

as well as south dakota. it's going to be turning over to mostly rain as it heads further towards the east here this one, developing winter storm system, will be delivering quite a blow in terms of the wind and also that heavy snow. even about 30 centimeters in lower-lying areas and warning and watches posted for winter weather. towards the southwest, just behind that system, it's going to be dry and very windy. so potential for fire weather here. temperaturewise, 13 degrees in denver. 12 in seattle. and just 9 for the high in winnipeg. 13 for toronto, and new york is 17. warm for you in chicago at 23 and a hot day in oklahoma city at 29. windy ahead of the systems coming in. as those systems coming into the southeast of course, that will be turning over into rain a little later on in the week. as we head into europe, you can see where the mess is going to be, out west. maybe the potential for more flooding across the british isles, it's going to be wet and rainy and some of those downpours are going to be on

south dakota, a big cut through for a lot of folks. this is going to cause tie-ups here this morning. we don't have any word on how long it's going to take them to repair this pooim pipe. don't know the size of the pipe. at least they've been able to make progress. they're going to have to get in there, see what kind of a break it is and go ahead and repair that pipe. be aware of this big detour here. >> megan, thanks very much. >> and veronica, lat word on the weather? >> another sunny day. this will be the first time we've had back to back days with sunshine since late july. 70 degrees today, close to 80 this weekend. >> sounds good. thanks, veronica. >> that's wonderful. that's news 4 today. >> the "today" show is up next with weather, traffic and breaking news.

more money stripping in north dakota than in las vegas, and as much as $2,000 a night. stick around for that one. also, traditionally, california has been on the cutting edge of being green, but did you it is no longer the most energy efficient state. now there is a new state that is the most energy efficient. i bet you can't guess which one. correct. anywhere? yes. like this price? yes. riously? yes what about this one? i'll beat it. this one? s we will. right, i only have one more question for you...this one? (laughing) yeah. get $100 rebate when you buy four tires. 100 bucks! only at your ford dealer. 3 million tires. 11 major brands, fiona's kind-of-nice. i don't know why you're not here. >>> all right. 19 minutes past the hour, and we asked you what state replaced california as the most energy efficient state in the u.s. this year. it is massachusetts. this is according to the american council for an energy efficient economy. california dropped to number two followed by new york and oregon. >>> here are a look at some of the stories making news cross country. color

she joins us from the phone from wallford city, north dakota. i never knew there were places still in the country where you wouldn't need a key to your house. is that really the way it is there? >> that's the way it was. for a long time you left your keys in your car if you went downtown in the winter. if you left your keys in your car with your car running. your home was unlocked. but that's the way it was. that is not the way it is anymore. >> tell us what the biggest change is you've seen because of the oil boom and all the new folks that are pouring in for these jobs? >> the biggest thing is i guess overall, you know, our community has completely changed. i'll go back 18 months ago, we were a beautiful little town of 1500 people is we were right sized. everything about our community was right. right number of gas stations, right number of restaurants, right number of motel rooms. right number of everything. today, we're 6500 people going through the roof as far as new growth. >> are there places, where people can live? is there housing? >> n

thunderstorms, gusty winds and hail from texas to minnesota and the dakotas. showers and thunderstorms in southeast texas. and from miami up to savannah. frost and freeze advisories, in the northeast. >> can't believe it. boston gets up to 61. new york, 69. and 80s from miami to dallas. 77 in detroit. 80 in chicago. and 83 in kansas city. 76 in phoenix. 66 in colorado springs. and just 52 in salt lake city. >>> and coming up, a much-needed boost. word that 3 million overseas jobs are coming back to the u.s. >> good news. >>> plus, new insight into the final days of steve jobs. how he prepared and how he said good-bye to the people closest to him. >>> and it's deadline day for a contract deal with the cast of "the simpsons." but is it already too late? that and more when we come back. b >>> welcome back. a new report out today says 3 million jobs are now on their way back to the u.s. from countries like china. many of them are in the auto industry. but even appliances are again being made in the usa. manufacturers are finding that american workers are more prod

they are the children of the lakota indian tribe in south dakota and here's one of their stories. meet an all-american kid, quarterback of his middle school football team. president of the student council. and one of the strongest students in his class. a 12-year-old with a face arcing back to those warriors of the lakota sioux path, like sitting bull, crazy horse. james, a boy who has their face and is trying to find their strength. his name is robert looks twice. his long hair, an indian symbol of strength. and at the tribal dances, he has masters the fierce precision to every beat of the drum. he's the hunter, echoing the movements of his prey. on a freezing afternoon, i meet him in an isolated corner of the reservation. his name comes from his great, great, great, great grandfather who looked twice, who looked for the right path. and robert tells me how he tries to find a quiet corner in this room so he can study. he plans to be the first in his family to go to college and after that? what is your goal for yourself? >> i want to be the first native american president. >> repor

in a story debuting tonight on rock center, tonight he gives us just a glimpse of williston, north dakota, where the jobs are. >> reporter: it's a town perhaps unlike any other in america today. everywhere you look, companies are hiring. >> the big issue these days is job creation. we have jobs. we're just a small community. we have 2,000 to 3,000 job openings here and more come on the scene every day. >> reporter: help ant wanted doesn't begin to describe it. $15 an hour for fast food workers. $80,000 a year or more if you can turn a wrench or drive a truck. the reason? oil. new technologies are bringing billions of barrels to the surface. and with the oil come jobs of all kinds. grace and miles krugman moved from colorado. after grace, an unemployed teacher for more than a year, found work with the williston schools. >> what was the feeling when they called up and said, yes, we have a job for you? >> i was so excited. it was like -- i don't know how to explain it. i felt like, maybe i am worth something again. >> reporter: her husband miles, a licensed electrician, was offered more than

the same well we only have one public bank so we can use that for the bridle that's being from north dakota and they they are very honestly and the reason is first of all they have no motive to it they're not getting bonuses these commissions are just under starry and their mandate is to serve the public so they have no motive to. to be exploited to think said politicians don't have control over the bank in that sense and that's where my knowledge there is no occupy north dakota campaign at the time is that your understanding the north koreans are quite happy with it i mean the baker. crowd are right happy with the danger because it serves as the central bank for the state they make cheap liquidity available for the local banks they partner with the local banks they do guarantee the local banks loans and that allows local banks to make a much bigger loans and more secure loans then they went out there right well having a public bank doing utility functions in the banking sector. would of course increase the competition in that sector and it would create a nice healthy competitive economy bu