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After plummeting this spring, low oil prices show no signs of rising. What does that mean for Alaska? - Alaska Public Media

After plummeting this spring, low oil prices show no signs of rising. What does that mean for Alaska? - Alaska Public Media

Sign inWelcome! Log into your accountPassword recoveryRecover your passwordA password will be e-mailed to you.In April, oil prices to historic lows, briefly dipping into the negatives for the first time ever. Since then, prices have stabilized, but remain modest, and they’ll likely stay that way for the foreseeable future.While Alaska’s economy is less dependent on oil prices than it once was, there is still a lot at stake for the state financially. And, as impacts of the COVID-19 pandemic linger around the world, it’s unclear if or when prices will be high again.In the spring, a few major...

September 18, 2020
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Skagway's economy depends on cruise tourism. With little money coming in, the city is paying millions of dollars to residents - Alaska Public Media

Skagway's economy depends on cruise tourism. With little money coming in, the city is paying millions of dollars to residents - Alaska Public Media

Sign inWelcome! Log into your accountPassword recoveryRecover your passwordA password will be e-mailed to you.Alaskans began receiving Permanent Fund Dividends this week. The payments, just shy of $1,000, were distributed months early an effort to help offset the economic impacts of the COVID-19 pandemic.The small Alaska town of Skagway is going a step further, distributing a large portion of its federal CARES Act funding directly to residents. A million dollars went in the mail last week and that’s just the first round.SEE ALSO:KHNS reporter Claire Stremple says city officials hope this...

July 1, 2020
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Alaska Permanent Fund Corp, with millions of dollars in GameStop shares, eyes stock surge warily - Alaska Public Media

Alaska Permanent Fund Corp, with millions of dollars in GameStop shares, eyes stock surge warily - Alaska Public Media

Sign inWelcome! Log into your accountPassword recoveryRecover your passwordA password will be e-mailed to you.The Alaska Permanent Fund Corporation owns more than 100,000 shares of GameStop stock. That’s the video game store that made headlines this week when individual investors sent the company’s stock soaring to the dismay of hedge fund investors.The Permanent Fund isn’t getting ready to cash in though. And fund managers are concerned about the conditions that allowed the stock surge to happen.Fairbanks resident Connor Sherman recently purchased stocks for the first time – two shares in...

January 29, 2021
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As the school year begins, Alaska school administrators worry low enrollment could impact state funding - Alaska Public Media

As the school year begins, Alaska school administrators worry low enrollment could impact state funding - Alaska Public Media

Between online learning and in-person classes, students throughout Alaska are back .And with many families opting out of their regular schools, administrators are concerned about low enrollment and the reduced state funding that could follow. It may be up to lawmakers to come up with a solution.This school year is off to an unprecedented start, as the coronavirus pandemic continues to disrupt normal operations. Whether students are back in the classroom depends on where they live and what individual families are comfortable with. And many aren’t yet sure what that means.“Parents...

September 3, 2020
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Low sockeye returns prompt commercial fishing closure on the Copper River - Alaska Public Media

Low sockeye returns prompt commercial fishing closure on the Copper River - Alaska Public Media

Sign inWelcome! Log into your accountPassword recoveryRecover your passwordA password will be e-mailed to you.The commercial salmon season on the Copper River started last Thursday, but it’s already on hold. The Alaska Department of Fish and Game announced earlier this week that an opening planned for today would not happen as scheduled. “There’s just no fish out there in great numbers,” said Bill Webber, owner of the Cordova business Paradigm Seafoods. Webber is one fisherman facing a really slow start to the season. “We’ve been down this road a lot in this community and it gets...

May 21, 2020
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