NEW YORK (AP) — For all the worries about how the Federal Reserve’s cutback in bond purchases would hurt the market, the biggest pain is being felt far away. It’s in Indonesia, India and other developing economies.
What happens when small business owners are ready to retire or sell their business? A panel of banking and business experts tried to help answer that question during an Oct. 2 seminar in Anchorage organized by KeyBank.
The U.S. Bureau of Ocean Energy Management is moving step-by-step through a revised environmental analysis of Chukchi Sea offshore oil and gas development and expects to remain in schedule for a draft supplemental environmental impact statement, or SEIS, to be complete by late October.
Alaska’s financial institutions posted another quarter of steady performance and the largest bank in the state expects activity to increase in the wake of the Aug. 19 vote to preserve oil tax reform. Wells Fargo’s Alaska Regional Business Banking Manager Darren Franz said in late September that there was something of a slowdown in the second quarter compared to prior years as businesses paused to see how the vote on oil taxes would pan out.
In one of the final debates before the Nov. 4 election, Gov. Sean Parnell and his challenger Bill Walker jabbed at each other over the gas pipeline, health care, the state budget and in-state energy policy. Parnell, a Republican, is seeking his second full term. He won election in 2010 after finishing out the term of former Gov. Sarah Palin, who resigned in July 2009.
Alaska’s major Senate candidates stuck with what’s got them where they are while debating resource development issues as Election Day closes in. Former state Attorney General and Natural Resources Commissioner Dan Sullivan took as many shots at Democratic Senate Majority Leader Harry Reid and President Barack Obama as he did at Sen. Mark Begich. He continually attempted to link the three and pressed Begich on a voting record he claims is in-step with the administration’s positions, a record Begich continually denied.