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Sacred oil checks eyed amid budget deficit

...created in the early 1980s as a way to share the state's oil wealth with Alaskans.Dividends are paid annually from a nest egg of sorts, born of the state's early oil wealth and grown through investments. It's currently valued...
New tally in Saudi hajj disaster shows at least 1,399 killed

...Al Saud family likely would never give up its role in administering the holy sites, which along with Saudi Arabia's oil wealth gives it major influence in the Muslim world. King Salman himself is known as the Custodian of the Two Holy Mosques...
Nation and World
My Turn: Making a sustainable and responsible PFD

...public services when oil revenues could no longer carry the load. They argued that directing a portion of the anticipated oil wealth into a protected savings account would reduce the temptation to overspend. Also a wise move.Today, with North Slope...
Iraq's economy hurt by IS war, low oil prices's family has seen Iraq's economy boom with oil wealth and bust through wars and the 2003 U.S.-led invasion...economy under dictator Saddam Hussein, buoyed by its oil wealth. Back then, 1 Iraqi dinar was worth $3. But the economy...
Not For Web
Ex-cop, coastie accused of PFD fraud

...indicted last week for defrauding Alaska's Permanent Fund Dividend system, which distributes shares of the state's oil wealth to Alaska residents.Among them are a former Southeast Alaskan police officer and an Alaska-based U.S. Coast Guard...
Permanent Fund chief executive resigns

...employees and oversaw the fund's first direct investment in a private venture operation. The fund - the state's oil-wealth savings account - is best known for its yearly dividend payouts to most residents just for living in the state.In...
Saudi cables: Money links with media

...Saudi diplomatic correspondence published by the WikiLeaks group, backing long-held suspicions the kingdom uses its oil wealth to buy influence with media and research centers across the Muslim world.The leaked cables suggest an effort by the...
Not For Web
Sitka crews begin tearing up aging street pavement

...The community has wrestled for years with how to pay to replace pavement put down during the heyday of the state's oil wealth in the 1980s. And so far, no one's come up with a plan for local funding that's acceptable to residents.The public...
Alaska Editorial: Walker takes office amid state revenue downturn

...Alaska may well be in for hard financial times in coming years. The state's prospects are diminishing in the decline of oil wealth that has been the state's economic engine for decades. How long that economic dip lasts - and how deep it falls...
Alaska Editorial: Setting aside donations for nonprofits and children is good use of dividend

...with the intent of safeguarding a portion of Alaska's oil wealth for the benefit of future generations. Under the amendment...benefit the state. Although Alaska's nonrenewable oil wealth would be depleted, revenue from the Permanent Fund's...


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