September-Issue-2 2012

 

Archive »AJC Issue Archive Departments

Commerce secretary declares Alaska salmon disaster

The acting U.S. Commerce secretary has declared a commercial fishery disaster for king salmon in major Alaska fisheries, and in New England.

US stocks edging higher ahead of Fed decision

U.S. stocks edged higher Thursday ahead of a key decision by the Federal Reserve on the economy.

Fed to spend $40B a month on bond purchases

The Federal Reserve says it will spend $40 billion a month to buy mortgage-backed securities for long as necessary to stimulate the still-weak economy and reduce high unemployment.

Oil price up after attack on US consulate in Libya

Oil traded above $97 a barrel Thursday after attacks on U.S. diplomatic missions and the killing of the U.S. ambassador to Libya sparked new worries about unrest in the Middle East.

Report: Social Security lax on disability claims

Social Security is so overwhelmed by disability claims that some officials are awarding benefits without adequately reviewing applications, potentially adding to the program's financial problems as it edges closer to the brink of insolvency, congressional investigators say in a new report.

Romney: Early US response to attacks a disgrace

Republican presidential nominee Mitt Romney criticized the Obama administration in the wake of attacks on U.S. diplomatic missions in Egypt and Libya on Sept. 11, branding as "disgraceful" an early response to the assault in Cairo and saying it sympathized with the attackers.

Obama condemns attack that killed envoy, 3 others

President Barack Obama vowed Sept. 12 the United States would "work with the Libyan government to bring to justice" those who killed U.S. ambassador Chris Stevens and three other American personnel in an attack on the consulate in Benghazi.

Kotzebue airport gets $15.5 million federal grant

Federal Aviation Administration officials say the Kotzebue airport is the recipient of a $15.5 million grant for a runway safety improvement project.

US stocks rise, and investors wait for the Fed

The stock market edged higher Wednesday after a court cleared the way for Germany to participate in a European rescue fund. Attention shifted to the Federal Reserve, which began a big two-day meeting.

Apple: iPhone 5 in stores Sept. 21

Apple says the new iPhone 5 will be in stores in the U.S. and several other countries on Sept. 21.

Shell halts Chukchi Sea drilling

Royal Dutch Shell on Monday was moving its drill ship off a prospect in the Chukchi Sea, a day after drilling began 70 miles off the Alaska coast because sea ice was moving toward the vessel.

Premiums for family health plans hit $15,745

It sounds like good news: Annual premiums for job-based family health plans went up only 4 percent this year.

Israeli leader ratchets up feud with US over Iran

Israel's prime minister, ratcheting up a public feud with the U.S. over Iran, made it clear Tuesday that he was dissatisfied with Washington's refusal to spell out what would provoke a U.S.-led military strike against Iranian nuclear facilities.

US stocks rise ahead of Fed meeting

Investors are looking ahead to two events sure to move markets this week: a Federal Reserve meeting and a court decision on whether Germany can help support its struggling neighbors. And if the stock market's gains Tuesday are any indication, they expect both events to turn out well.

Markets hopeful over German court ruling

Markets rallied Tuesday amid growing confidence that a top German court will rule favorably on Europe's bailout fund.

Shell finally turns a drill bit in the Arctic offshore

After years of delay and almost $5 billion spent, Shell has a drill bit turning in the Alaskan Arctic offshore.

Review doubts science on sea lion protection

A panel of independent reviewers has concluded that the federal government's decision to restrict commercial fishing in Alaska's Aleutian Islands is not supported by sound science.

BP selling some Gulf oil properties for $5.55B

BP PLC is selling some deep-water Gulf of Mexico oil and gas properties to Texas-based Plains Exploration & Production Co. for $5.55 billion.

Wall Street wavers ahead of Fed meeting

Stocks flitted between small gains and losses on Wall Street as troubling economic news from China outweighed optimism about more stimulus from the Federal Reserve.

Obama squeaks out Aug. fundraising win over Romney

President Barack Obama squeaked out a fundraising victory over Mitt Romney in August as the candidates gear up for the final stretch of their closely contested campaign.

Statoil delays oil exploration in Alaska Arctic

A Norwegian oil and gas company is delaying its plans for exploration in Alaska's Arctic.

NTSB investigating Era plane's altitude loss

Federal officials are investigating an Era Alaska flight that dropped about 5,000 feet on Wednesday.

Few jobs added in August, many of them low paying

Numerous industries added jobs last month. But they didn't add many. And the jobs they filled weren't necessarily well-paying ones.

Oil rises as jobs report gives fuel to Fed hopes

The price of oil finished higher Friday as concerns about a disappointing U.S. employment report gave way to the likelihood of action by the Federal Reserve.

Intel warns 3Q revenue will drop on PC weakness

Intel's sales are falling at a rate that blindsided the chip-maker's management, amplifying Wall Street's worries about the slumping personal computer market and the frail economy.

AT&T activates 4G LTE network in Anchorage

AT&T announced Sept. 6 that the company has turned on its 4G LTE network in Anchorage.
Vitus bringing competition to Alaska

Vitus bringing competition to Alaska

The scrappy entrepreneurs who organized last winter’s emergency shipment of fuel through frozen seas to Nome are at it again.
Aging Alaskans face uncertainty in retirement planning

Aging Alaskans face uncertainty in retirement planning

Uncertainty over the market and taxes might be difficult to contend with, but Alaska has one sure thing: aging residents are an increasing part of the picture.

Anchorage 49th State Angel Fund will award $4.1M in 2012

Anchorage’s new city-run 49th State Angel Fund is off to a good start in stimulating local entrepreneurs with small business startups or expansions.
Pending Gulf rockfish lawsuit has major policy implications

Pending Gulf rockfish lawsuit has major policy implications

Motions for summary judgment have been filed in a lawsuit over the new rockfish catch share program in the Gulf of Alaska.
Fire Island, Eva Creek set to begin producing wind power

Fire Island, Eva Creek set to begin producing wind power

The new Fire Island 17.6 megawatt wind power project developed by Cook Inlet Region Inc. will be generating power in a week or two.

Summit to showcase Valdez as best for Alaska LNG exports

A two-day conference in Valdez will explore the potential for developing and marketing Alaska’s liquefied natural gas.

After 4 years of record deficits, U.S. debt hits $16 trillion

The Treasury Department said Sept. 4 that the national debt has topped $16 trillion, the result of chronic government deficits that have poured more than $50,000 worth of red ink onto federal ledgers for every man, woman and child in the United States.
Analysis: Bill Clinton and the ex-president conundrum

Analysis: Bill Clinton and the ex-president conundrum

Every political party has had leaders it would like to exalt and leaders it would like to forget.

What’s next for markets? Three financial experts weigh in

The dull days are almost over.
Survey finds US world competitive ranking down again

Survey finds US world competitive ranking down again

The United States’ ability to compete on the global stage has fallen for the fourth year running as confidence in the country’s politicians continues to decline, an annual survey from the World Economic Forum found Sept. 5.
$1B patent verdict could corner market

$1B patent verdict could corner market

It was the $1 billion question Saturday: What does Apple Inc.’s victory in an epic patent dispute over its fiercest rival mean for the U.S. smartphone industry?

HP, Dell: PC makers in desperate need of a reboot

Hewlett-Packard Co. used to be known as a place where innovative thinkers flocked to work on great ideas that opened new frontiers in technology. These days, HP is looking behind the times.
Kenai Peninsula berry grower cultivates a ‘masterpiece’

Kenai Peninsula berry grower cultivates a ‘masterpiece’

Brian Olson said he will spend the rest of his life further cultivating what he said is the country’s new “super berry” — and he is thrilled.
Young duo learns on the fly while spicing up business

Young duo learns on the fly while spicing up business

Becoming the owner of Summit Spice and Tea is not what Audrey Paule expected after graduating from college.

UAF research focused on future of Arctic development

Gaps in knowledge are a target for University of Alaska Fairbanks research, says Mark Myers, vice chancellor for research at the University of Alaska Fairbanks.

GUEST COLUMN: More access and opportunity for Hispanic-owned small businesses

One of the Small Business Administration’s top priorities is to provide access and opportunity to small business owners in traditionally underserved communities.

GUEST COLUMN: Small businesses are the backbone of Alaska’s economy

When many people think of Alaska’s economy, they envision big players such as oil and gas companies, mining and seafood operators, multinational tourism businesses, and government.
GUEST COLUMN: After August in Alaska — A full mind and a happy heart

GUEST COLUMN: After August in Alaska — A full mind and a happy heart

I can’t decide whether I am the luckiest woman in Alaska or the luckiest person in America.

Bulletin 9/9/2012

Movers and Shakers 9/9/2012

Remote Alaska to stockpile food, just in case

Remote Alaska to stockpile food, just in case

Alaska is known for pioneering, self-reliant residents who are accustomed to remote locations and harsh weather. Despite that, Gov. Sean Parnell worries a major earthquake or volcanic eruption could leave the state’s 720,000 residents stranded and cut off from food and supply lines.

EPA OKs air permit revision for Noble Discoverer

Royal Dutch Shell PLC has received permission to operate its drill ship in the Chukchi Sea under a temporary revision to its air permit, clearing another hurdle in its quest to drill exploratory oil wells in the Arctic Ocean this year.

Shell drillship ready to work at Chukchi Sea

Shell’s drillship Noble Discoverer is in the Chukchi Sea and was preparing to begin site preparation for drilling at the company’s Burger prospect on Sept. 6 or 7, company officials said.

EDITORIAL: Alaskans do their part to help economic climate

Although some candidates no doubt disagree, Alaskan voters got it right Aug. 28.

Archive »Transportation

Kotzebue airport gets $15.5 million federal grant

Federal Aviation Administration officials say the Kotzebue airport is the recipient of a $15.5 million grant for a runway safety improvement project.
Vitus bringing competition to Alaska

Vitus bringing competition to Alaska

The scrappy entrepreneurs who organized last winter’s emergency shipment of fuel through frozen seas to Nome are at it again.

Archive »Construction Articles

Kotzebue airport gets $15.5 million federal grant

Federal Aviation Administration officials say the Kotzebue airport is the recipient of a $15.5 million grant for a runway safety improvement project.

Archive »Oil & Gas

Oil price up after attack on US consulate in Libya

Oil traded above $97 a barrel Thursday after attacks on U.S. diplomatic missions and the killing of the U.S. ambassador to Libya sparked new worries about unrest in the Middle East.

Shell halts Chukchi Sea drilling

Royal Dutch Shell on Monday was moving its drill ship off a prospect in the Chukchi Sea, a day after drilling began 70 miles off the Alaska coast because sea ice was moving toward the vessel.

Shell finally turns a drill bit in the Arctic offshore

After years of delay and almost $5 billion spent, Shell has a drill bit turning in the Alaskan Arctic offshore.

BP selling some Gulf oil properties for $5.55B

BP PLC is selling some deep-water Gulf of Mexico oil and gas properties to Texas-based Plains Exploration & Production Co. for $5.55 billion.

Statoil delays oil exploration in Alaska Arctic

A Norwegian oil and gas company is delaying its plans for exploration in Alaska's Arctic.

Oil rises as jobs report gives fuel to Fed hopes

The price of oil finished higher Friday as concerns about a disappointing U.S. employment report gave way to the likelihood of action by the Federal Reserve.
Vitus bringing competition to Alaska

Vitus bringing competition to Alaska

The scrappy entrepreneurs who organized last winter’s emergency shipment of fuel through frozen seas to Nome are at it again.

Summit to showcase Valdez as best for Alaska LNG exports

A two-day conference in Valdez will explore the potential for developing and marketing Alaska’s liquefied natural gas.

UAF research focused on future of Arctic development

Gaps in knowledge are a target for University of Alaska Fairbanks research, says Mark Myers, vice chancellor for research at the University of Alaska Fairbanks.

EPA OKs air permit revision for Noble Discoverer

Royal Dutch Shell PLC has received permission to operate its drill ship in the Chukchi Sea under a temporary revision to its air permit, clearing another hurdle in its quest to drill exploratory oil wells in the Arctic Ocean this year.

Shell drillship ready to work at Chukchi Sea

Shell’s drillship Noble Discoverer is in the Chukchi Sea and was preparing to begin site preparation for drilling at the company’s Burger prospect on Sept. 6 or 7, company officials said.

Archive »Telecom

Apple: iPhone 5 in stores Sept. 21

Apple says the new iPhone 5 will be in stores in the U.S. and several other countries on Sept. 21.

AT&T activates 4G LTE network in Anchorage

AT&T announced Sept. 6 that the company has turned on its 4G LTE network in Anchorage.

Archive »Technology

Apple: iPhone 5 in stores Sept. 21

Apple says the new iPhone 5 will be in stores in the U.S. and several other countries on Sept. 21.

Intel warns 3Q revenue will drop on PC weakness

Intel's sales are falling at a rate that blindsided the chip-maker's management, amplifying Wall Street's worries about the slumping personal computer market and the frail economy.

AT&T activates 4G LTE network in Anchorage

AT&T announced Sept. 6 that the company has turned on its 4G LTE network in Anchorage.
Fire Island, Eva Creek set to begin producing wind power

Fire Island, Eva Creek set to begin producing wind power

The new Fire Island 17.6 megawatt wind power project developed by Cook Inlet Region Inc. will be generating power in a week or two.
$1B patent verdict could corner market

$1B patent verdict could corner market

It was the $1 billion question Saturday: What does Apple Inc.’s victory in an epic patent dispute over its fiercest rival mean for the U.S. smartphone industry?

HP, Dell: PC makers in desperate need of a reboot

Hewlett-Packard Co. used to be known as a place where innovative thinkers flocked to work on great ideas that opened new frontiers in technology. These days, HP is looking behind the times.

Archive »Alaska Politics

Statoil delays oil exploration in Alaska Arctic

A Norwegian oil and gas company is delaying its plans for exploration in Alaska's Arctic.

Archive »National Politics

Fed to spend $40B a month on bond purchases

The Federal Reserve says it will spend $40 billion a month to buy mortgage-backed securities for long as necessary to stimulate the still-weak economy and reduce high unemployment.

Report: Social Security lax on disability claims

Social Security is so overwhelmed by disability claims that some officials are awarding benefits without adequately reviewing applications, potentially adding to the program's financial problems as it edges closer to the brink of insolvency, congressional investigators say in a new report.

Romney: Early US response to attacks a disgrace

Republican presidential nominee Mitt Romney criticized the Obama administration in the wake of attacks on U.S. diplomatic missions in Egypt and Libya on Sept. 11, branding as "disgraceful" an early response to the assault in Cairo and saying it sympathized with the attackers.

Obama condemns attack that killed envoy, 3 others

President Barack Obama vowed Sept. 12 the United States would "work with the Libyan government to bring to justice" those who killed U.S. ambassador Chris Stevens and three other American personnel in an attack on the consulate in Benghazi.

Israeli leader ratchets up feud with US over Iran

Israel's prime minister, ratcheting up a public feud with the U.S. over Iran, made it clear Tuesday that he was dissatisfied with Washington's refusal to spell out what would provoke a U.S.-led military strike against Iranian nuclear facilities.

Obama squeaks out Aug. fundraising win over Romney

President Barack Obama squeaked out a fundraising victory over Mitt Romney in August as the candidates gear up for the final stretch of their closely contested campaign.

After 4 years of record deficits, U.S. debt hits $16 trillion

The Treasury Department said Sept. 4 that the national debt has topped $16 trillion, the result of chronic government deficits that have poured more than $50,000 worth of red ink onto federal ledgers for every man, woman and child in the United States.
Analysis: Bill Clinton and the ex-president conundrum

Analysis: Bill Clinton and the ex-president conundrum

Every political party has had leaders it would like to exalt and leaders it would like to forget.

Archive »Finance

US stocks edging higher ahead of Fed decision

U.S. stocks edged higher Thursday ahead of a key decision by the Federal Reserve on the economy.

Fed to spend $40B a month on bond purchases

The Federal Reserve says it will spend $40 billion a month to buy mortgage-backed securities for long as necessary to stimulate the still-weak economy and reduce high unemployment.

Oil price up after attack on US consulate in Libya

Oil traded above $97 a barrel Thursday after attacks on U.S. diplomatic missions and the killing of the U.S. ambassador to Libya sparked new worries about unrest in the Middle East.

Report: Social Security lax on disability claims

Social Security is so overwhelmed by disability claims that some officials are awarding benefits without adequately reviewing applications, potentially adding to the program's financial problems as it edges closer to the brink of insolvency, congressional investigators say in a new report.

US stocks rise, and investors wait for the Fed

The stock market edged higher Wednesday after a court cleared the way for Germany to participate in a European rescue fund. Attention shifted to the Federal Reserve, which began a big two-day meeting.

US stocks rise ahead of Fed meeting

Investors are looking ahead to two events sure to move markets this week: a Federal Reserve meeting and a court decision on whether Germany can help support its struggling neighbors. And if the stock market's gains Tuesday are any indication, they expect both events to turn out well.

Markets hopeful over German court ruling

Markets rallied Tuesday amid growing confidence that a top German court will rule favorably on Europe's bailout fund.

Wall Street wavers ahead of Fed meeting

Stocks flitted between small gains and losses on Wall Street as troubling economic news from China outweighed optimism about more stimulus from the Federal Reserve.
Aging Alaskans face uncertainty in retirement planning

Aging Alaskans face uncertainty in retirement planning

Uncertainty over the market and taxes might be difficult to contend with, but Alaska has one sure thing: aging residents are an increasing part of the picture.

Anchorage 49th State Angel Fund will award $4.1M in 2012

Anchorage’s new city-run 49th State Angel Fund is off to a good start in stimulating local entrepreneurs with small business startups or expansions.

After 4 years of record deficits, U.S. debt hits $16 trillion

The Treasury Department said Sept. 4 that the national debt has topped $16 trillion, the result of chronic government deficits that have poured more than $50,000 worth of red ink onto federal ledgers for every man, woman and child in the United States.

What’s next for markets? Three financial experts weigh in

The dull days are almost over.
Survey finds US world competitive ranking down again

Survey finds US world competitive ranking down again

The United States’ ability to compete on the global stage has fallen for the fourth year running as confidence in the country’s politicians continues to decline, an annual survey from the World Economic Forum found Sept. 5.

Archive »Editorials

GUEST COLUMN: More access and opportunity for Hispanic-owned small businesses

One of the Small Business Administration’s top priorities is to provide access and opportunity to small business owners in traditionally underserved communities.

GUEST COLUMN: Small businesses are the backbone of Alaska’s economy

When many people think of Alaska’s economy, they envision big players such as oil and gas companies, mining and seafood operators, multinational tourism businesses, and government.
GUEST COLUMN: After August in Alaska — A full mind and a happy heart

GUEST COLUMN: After August in Alaska — A full mind and a happy heart

I can’t decide whether I am the luckiest woman in Alaska or the luckiest person in America.

EDITORIAL: Alaskans do their part to help economic climate

Although some candidates no doubt disagree, Alaskan voters got it right Aug. 28.

Archive »Features

Vitus bringing competition to Alaska

Vitus bringing competition to Alaska

The scrappy entrepreneurs who organized last winter’s emergency shipment of fuel through frozen seas to Nome are at it again.

Anchorage 49th State Angel Fund will award $4.1M in 2012

Anchorage’s new city-run 49th State Angel Fund is off to a good start in stimulating local entrepreneurs with small business startups or expansions.
Kenai Peninsula berry grower cultivates a ‘masterpiece’

Kenai Peninsula berry grower cultivates a ‘masterpiece’

Brian Olson said he will spend the rest of his life further cultivating what he said is the country’s new “super berry” — and he is thrilled.
Young duo learns on the fly while spicing up business

Young duo learns on the fly while spicing up business

Becoming the owner of Summit Spice and Tea is not what Audrey Paule expected after graduating from college.
Remote Alaska to stockpile food, just in case

Remote Alaska to stockpile food, just in case

Alaska is known for pioneering, self-reliant residents who are accustomed to remote locations and harsh weather. Despite that, Gov. Sean Parnell worries a major earthquake or volcanic eruption could leave the state’s 720,000 residents stranded and cut off from food and supply lines.

Archive »Fishery Stories

Commerce secretary declares Alaska salmon disaster

The acting U.S. Commerce secretary has declared a commercial fishery disaster for king salmon in major Alaska fisheries, and in New England.

Review doubts science on sea lion protection

A panel of independent reviewers has concluded that the federal government's decision to restrict commercial fishing in Alaska's Aleutian Islands is not supported by sound science.
Pending Gulf rockfish lawsuit has major policy implications

Pending Gulf rockfish lawsuit has major policy implications

Motions for summary judgment have been filed in a lawsuit over the new rockfish catch share program in the Gulf of Alaska.

Archive »General News

Premiums for family health plans hit $15,745

It sounds like good news: Annual premiums for job-based family health plans went up only 4 percent this year.

Israeli leader ratchets up feud with US over Iran

Israel's prime minister, ratcheting up a public feud with the U.S. over Iran, made it clear Tuesday that he was dissatisfied with Washington's refusal to spell out what would provoke a U.S.-led military strike against Iranian nuclear facilities.

NTSB investigating Era plane's altitude loss

Federal officials are investigating an Era Alaska flight that dropped about 5,000 feet on Wednesday.

Intel warns 3Q revenue will drop on PC weakness

Intel's sales are falling at a rate that blindsided the chip-maker's management, amplifying Wall Street's worries about the slumping personal computer market and the frail economy.

Anchorage 49th State Angel Fund will award $4.1M in 2012

Anchorage’s new city-run 49th State Angel Fund is off to a good start in stimulating local entrepreneurs with small business startups or expansions.
Fire Island, Eva Creek set to begin producing wind power

Fire Island, Eva Creek set to begin producing wind power

The new Fire Island 17.6 megawatt wind power project developed by Cook Inlet Region Inc. will be generating power in a week or two.
Survey finds US world competitive ranking down again

Survey finds US world competitive ranking down again

The United States’ ability to compete on the global stage has fallen for the fourth year running as confidence in the country’s politicians continues to decline, an annual survey from the World Economic Forum found Sept. 5.

HP, Dell: PC makers in desperate need of a reboot

Hewlett-Packard Co. used to be known as a place where innovative thinkers flocked to work on great ideas that opened new frontiers in technology. These days, HP is looking behind the times.
Kenai Peninsula berry grower cultivates a ‘masterpiece’

Kenai Peninsula berry grower cultivates a ‘masterpiece’

Brian Olson said he will spend the rest of his life further cultivating what he said is the country’s new “super berry” — and he is thrilled.
Young duo learns on the fly while spicing up business

Young duo learns on the fly while spicing up business

Becoming the owner of Summit Spice and Tea is not what Audrey Paule expected after graduating from college.

GUEST COLUMN: More access and opportunity for Hispanic-owned small businesses

One of the Small Business Administration’s top priorities is to provide access and opportunity to small business owners in traditionally underserved communities.
Remote Alaska to stockpile food, just in case

Remote Alaska to stockpile food, just in case

Alaska is known for pioneering, self-reliant residents who are accustomed to remote locations and harsh weather. Despite that, Gov. Sean Parnell worries a major earthquake or volcanic eruption could leave the state’s 720,000 residents stranded and cut off from food and supply lines.