Anchorage, AK – Tuesday, S&P Global Ratings downgraded the Municipality general obligation (GO) and certificate of participation (COPS) bonds from a “AAA” rating to a “AA+” rating. S&P also lowered its outlook on all GO bond ratings for the Municipality of Anchorage from “stable” to “negative”. The downgrades reflect a material decline in the municipality’s […]
October 21, at 10:21am Alaskans can practice earthquake safety JOINT BASE ELMENDORF-RICHARDSON, Alaska — The Shakeout is an international Drop, Cover, Hold On drill that is conducted every year to help people in earthquake vulnerable areas practice the proper earthquake safety action. This year the Great Alaska Shakeout will be held on October 21, at […]
WASHINGTON – New claims for jobless benefits in the United States dropped again last week, the Labor Department reported Thursday, as the world’s biggest economy continues to recover in fits and starts from the coronavirus pandemic. A total of 473,000 out-of-work employees filed for unemployment compensation, down 34,000 from the revised figure of the week […]
WASHINGTON – U.S. unemployment compensation claims dropped again last week to their lowest level in more than a year, the Labor Department reported Thursday, as the world’s largest economy continues to show signs it is recovering from the coronavirus pandemic. The government said 547,000 workers filed for benefits last week, down 39,000 from the revised […]
JUNEAU, Alaska — Alaska’s October job count was down 8.8 percent from last October, a loss of 28,900 jobs, as the pandemic continued to keep job numbers well below year-ago levels. Every industry’s employment was down except the federal government, which was up 200 because of its temporary 2020 Census hires. Leisure and hospitality was […]
U.S. stocks fell sharply Friday, despite congressional approval of a $2.2 trillion economic stimulus bill, as world economies continued to grapple with containing the coronavirus pandemic. The Dow Jones industrial average fell nearly 4.1%, while the S&P 500 dropped 3.4% and the Nasdaq Composite Index was down 3.8%. Stocks rallied earlier this week […]
WHITE HOUSE – With stock prices plunging amid an oil price war and the coronavirus crisis, U.S. President Donald Trump is to meet Monday afternoon with his economic advisors, including Treasury Secretary Steven Mnuchin, who will present him with policy options to counter the quickly emerging threats to the economy. White House sources […]
While skiing with two friends on the frozen Yukon River a few weeks ago, I visited the eight people who live between the towns of Eagle and Circle, which are 160 river miles apart. The adults in those three households all shared the same observation: The Yukon River’s average level has dropped recently. They all […]
JUNEAU, Alaska — Alaska’s population decreased by 3,048 people — 0.4 percent — from July 2018 to July 2019, based on estimates released Wednesday by the Alaska Department of Labor and Workforce Development. This was the third straight year of decline for the state’s total population, which peaked at 739,649 in July 2016 and […]