Podcasts about Alaska Permanent Fund

In this newscast: The Juneau School District Board of Education appears to maintain its concerns about state funding as it moves through the budget process for the next fiscal year; Juneau residents join protesters nationwide in response to President Trumps scientific research funding cuts and firings at federal science institutions; Anglers will be able to fish for king salmon near Petersburg this summer after a recent decision from the Alaska Board of Fisheries; There's a 50-50 change the Alaska Permanent Fund won't have enough spendable money to pay dividends and the state's bills at least once over the next decade.

In this newscast: Anchorage parents could be legally liable if their child brings a gun or other deadly weapon to school under a proposed Assembly ordinance; Lawmakers heard last week that they're facing even larger deficits than they previously thought, complicating a key priority for majority-caucus lawmakers in the House and Senate: boosting funding for public schools; An investment by the Alaska Permanent Fund in the seafood processing company Peter Pan resulted in the lost of more than $29 million when the company collapsed

In this episode of the Dakota Fundraising News Podcast, Pat and Konch highlight key job changes, including Kimberly Sheehy as head of Fidelity's Forge Community, Joseph Wong joining Barings as head of wealth distribution, and Johan Lim becoming regional head at Natixis IM. RIA/FA M&A updates feature Wells Fargo adding $625M from two UBS teams and Commonwealth recruiting two Long Island-based firms with $495M in assets. Institutional coverage includes Alaska Permanent Fund's $2.8B commitment pacing for FY 2025, San Bernardino County's $650M private equity plan, and Plymouth County's private credit search with five finalists. Recent commitments include Fairfax County's $13.75M to real estate funds, Jacksonville's $15M to HIG Realty Partners, and Santa Barbara's $30M across multiple funds. Fundraising updates spotlight GTCR's $3B close on its second Strategic Growth Fund, TCW's launch of a real estate debt strategy, and Allianz's €533M first close for its Infrastructure Credit Opportunities Fund II. Stay tuned for the latest in institutional and wealth management news.

In this newscast: The head of the agency that manages the Alaska Permanent Fund is getting a raise. The Alaska Permanent Fund Corporation's Board of Trustees approved a 10% pay increase for CEO Deven Mitchell on Tuesday, bringing his total salary to more than $420,000 a year; A massive sea lion will no longer be terrorizing people and pets in Petersburg's South Harbor. It was killed this weekend --- but not by law enforcement. Instead, they collaborated with two Tlingit brothers who plan to use the hide and whiskers for traditional regalia; A Sugt'stun language game is quickly gaining recognition since its release in 2023. KBBI's Jamie Diep has more on the game's development that teaches children around the world about Sugpiaq culture; A federal judge in Oregon and a Washington state court judge both issued rulings Tuesday temporarily blocking the proposed merger between grocery giants Kroger and Albertsons, halting fears of numerous Alaska store closures.

The Alaska Permanent Fund was established more than 40 years ago. Through the decades there have been multiple changes to how funds are allocated, and perennial legislative fights over the amount of the Permanent Fund dividend. Permanent Fund managers want changes to the fund's structure they say will protect it for the future. What are they advocating for and how are lawmakers responding?

State House lawmakers once again postponed debate on a constitutional amendment to the Alaska Permanent Fund dividend that would guarantee an annual dividend check by putting it in the state statute. That story and more of the top news and weather on this Monday.See omnystudio.com/listener for privacy information.

On today's Midday Report with host Terry Haines: Alaska State Troopers fatally shot an armed suspect in Healy yesterday after a high-speed chase up the Parks Highway. The Alaska Permanent Fund appears headed toward maintaining its current steady growth, rather than pursuing riskier, higher-return investments. And a partially submerged barge on the Kuskokwim has residents alarmed. Photo: A large sheen is seen on the lower end of Steamboat Slough on the Kuskokwim River on Oct. 31, 2023.

On today's Midday Report with host Terry Haines: U.S. Transportation Secretary Pete Buttigieg focused on the ferry system during a stop in Juneau. Sitka Sen. Bert Stedman says that the Legislature will not allow the earnings reserve of the Alaska Permanent Fund to run dry. And Bristol Bay welcomed two Alaskan medical students this summer.

On today's Midday Report with host Terry Haines: The 100th anniversary of completion of the Alaska Railroad was celebrated in Nenana Saturday. The sockeye run at Redoubt Lake near Sitka is so big it could be too big. And the spendable portion of the Alaska Permanent Fund is dwindling and could be exhausted entirely within three years.

Alaskans leading diversity initiatives gauge the Supreme Court's ruling on affirmative action. Plus, forecasts paint a dire picture of the spendable part of the Alaska Permanent Fund.

This week, Alaska Gov. Mike Dunleavy vetoed $87 million in education funding passed by the Legislature — half of a one-time funding increase for public schools that education advocates said was badly needed. Almost immediately, some lawmakers were calling to override the veto. Host Elizabeth Harball talks to ADN reporter Iris Samuels about the likelihood of a veto override, what it would take to get there, and more.For more local and state news, subscribe to the Anchorage Daily News today.This episode of ADN Politics is sponsored by SteamDot Coffee.

With winter near and no commitment to a plan from Mayor Bronson, Anchorage Assembly pursues more shelter options; Alaska Permanent Fund board names new CEO to manage $74 billion portfolio; Patient escapes and damage reported at North Star youth psychiatric hospital over the weekend

HOUR 1Loretta Lynn passes away at age 90 / (NYT) https://www.nytimes.com/2022/10/04/arts/music/loretta-lynn-dead.html?https://www.morningbrew.com/daily/stories/2022/10/03/supreme-court-tests-big-tech-legal-shield?The U.S. Supreme Court will hear a new case on Section 230 of the Communications Decency Act, which broadly protects websites from liability for posts made by third parties / https://www.morningbrew.com/daily/stories/2022/10/03/supreme-court-tests-big-tech-legal-shield?North Korea fires a missile over Japan / (Reuters) https://www.reuters.com/world/asia-pacific/nkorea-fires-missile-towards-east-skorea-military-2022-10-03/?Anchorage Assembly and Mayor Bronson are still on gridlock on what to do to help the homeless in housing over the winter / (ADN) https://www.adn.com/alaska-news/anchorage/2022/10/03/with-winter-approaching-and-no-commitment-to-a-plan-from-bronson-anchorage-assembly-pursues-more-shelter-options/Dalton in Mat-SuHOUR 2Andy Freedman, Executive Director of the Coalition for Cannabis Policy, Education, and Regulation (CPEAR) whose mission is to advance a comprehensive federal regulatory framework for cannabis / https://www.cpear.org/who-we-are/The Alaska Permanent Fund's board of trustees named acting Revenue Commissioner Deven Mitchell as the corporation's new chief executive officer Monday to manage the $74-billion fund / (ADN) https://www.adn.com/politics/2022/10/03/alaska-permanent-fund-board-names-new-ceo-to-manage-74-billion-portfolio/Dylan and Sarah and Tom talk about vehicle sales and the problems 

While monkeypox outbreaks in Alaska have held steady at three confirmed cases over the last few weeks, public health experts say the threat of infection isn't over; this year's Alaska Permanent Fund dividend payout is $3,284; and funding for Alaska's schools is always in flux. Questions of budget cuts and school consolidation are never off the table, even for the state's biggest districts.

In this newscast: The CDC says its COVID-19 program for cruise ships is no longer in effect; Businesses in Southeast Alaska say workforce housing is their number one concern; Sarah Palin is leading in campaign fundraising among candidates for Alaska's congressional seat; Alaska Permanent Fund dividends will start hitting bank accounts on Sept. 20; A statute to honor the first climber to summit Denali will be unveiled in Fairbanks 

In this episode of the [i3] Podcast, we speak with Bob Maynard, Chief Investment Officer of the Public Employees Retirement System of Idaho (PERSI) at the eve of his retirement, after 30 years with the fund. We look back at how a job as the deputy attorney of Alaska saw him getting involved with investing and how he has stuck to his mantra of keeping it simple. “Whenever I get a bright idea, I go to a dark room and lay down until it has passed,” he quips. Bob addresses whether defined benefit systems are doomed, expels myths around US pension funds underfundedness and why he believes CalSTRS' Chris Ailman is the best CIO on the planet. 1:00 Moving to Alaska at a time when it was still a frontier state; the state was only 19 years old 6:00 Working on some of the largest oil and gas litigation cases in US history, including the Trans Alaska Pipeline case 9:00 The Alaska Permanent Fund and the link with oil and gas litigation 11:00 Slowly the fund moved away from just bonds to include real estate. So I couldn't afford my own house, but I knew how to buy an office block in New York. 12:00 Setting up the first currency program with the help of Fischer Black 13:30 Phone calls with Fischer Black locked you into a way of thinking about markets and I probably used that more than anything over the last 30 years. 15:00 [At PERSI] we only do eight to 10 things [in our investment strategy], but if I would be doing 25 things then currency would be in there. 16:00 The mean variance model is not that complicated 17:30 Joining PERSI you found a fund that was more than 60 per cent underfunded. Did you know that? 19:30 “The chair said: ‘Just get us in the middle of the pack', and I thought: ‘I can do that; I can be mediocre” 22:00 There are a thousand ways to invest. You just have to find the right way for your particular set of circumstances. 26:00 The 90s were a great time to be a 70/30 fund. 27:00 The best place to be in the last 10 years was the S&P 500 [index] 28:30 [Institutional investors] are not long term investors; we use it as propaganda to get us through tough times. 31:00 There are times in history where there is a fundamental shift in equity markets, but whether that means you should move out of equity markets…There have been a number of those [approaches] since the 1990s that looked at that and none of them have proven to be able to move through troubled times. 32:00 When there is excess liquidity in the system, all sorts of things work 36:30 The idea of what an unfunded liability is is completely misunderstood. Under an entry age normal accounting system we assume that people are going to earn double of what they earn today at the end of their career. If we would shut off the system today and look at the actual liabilities then we would be 140 - 150 per cent funded. 38:00 There are funds that are in trouble, but that is because some of them cut their contribution rate to below cost 45:00 Investing is about attitude: whenever I get a bright idea, I go to a dark room and lay down until it has passed 47:00 Listening and learning from other state pension funds' board meetings. I've learned more from listening to [Chris] Ailman than from my own fund; he is the best CIO in the world as far as I'm concerned. 50:00 You retire on 30 September 2022. Any plans? “I'm going to do what I do best: nothing”.

On this edition of the Must Read Alaska Show host James Baisden discusses the weeks big political news that includes the liberal fallout with Twitter, the problem with Big Tech running our lives.   Also, how the Juneau School District flip flopped on masks mandates again, the Alaska Permanent Fund, Elections, and an update on 2nd amendment issues.   MRAK Show is sponsored by 'Paid for by Charlie Pierce for Governor P.O Box 408 Soldotna, Alaska, 99669'

In this newscast: The Juneau Assembly considers exempting food from the city's sales tax; Alaska public health experts discuss the latest COVID trends; Some Juneau Assembly members are questioning the police department's plan to buy an armored vehicle; Bartlett Regional Hospital has named a permanent chief behavioral health officer; Gov. Dunleavy reiterates his push for Alaska Permanent Fund dividends of at least $3,700; A state judge sets a May 3 deadline for challenges to a revised redistricting plan; A heli-skiing guide dies in an avalanche near Valdez; Tonight's weather and aurora forecasts line up for a good show

New Must Read Alaska Show host James Baisden discusses current news topics important to Alaskans; including the Russian Ukraine conflict, Alaska Permanent Fund, the state budget process in Juneau, freedom to speak in the Alaska Legislature, and he asks why does the University of Alaska still have a Mask mandates? Mandate Freedom!

The teenager flying solo around the world; Leaders of the Jewish community in Alaska and beyond condemned people protesting with stars of David; Alaska continues to lead the nation in case rates; This year's Alaska Permanent Fund dividend;

Meet Alaska's baby vending machine entrepreneur; Alaska's latest COVID-19 surge accelerated this week; Mayor Dave Bronson's homeless plan denied; The Alaska Permanent Fund is a big winner

Hello Interactors,After enduring a few days of record heat that burnt my drought tolerant plants to a crisp and likely claimed the lives of two of our favorite wild birds that would frequent my daughter’s window feeder, my new pair of shoes arrived I had ordered from Canada. As did a new monitor and other odd consumer goods. And soon I will be boarding a plane that will spew another chunk of the estimated 22 tons of CO2 our family will contribute to the atmosphere this year. That’s four and a half hot air balloons full. I know I’m heating up the planet with my shoes and trips. You probably do to. It seems we not only need to protect the environment, we need protection from ourselves.As interactors, you’re special individuals self-selected to be a part of an evolutionary journey. You’re also members of an attentive community so I welcome your participation.Please leave your comments below or email me directly.Now let’s go…THE RIVER’S ON FIREAs an early teenager in the 1970s, just entering middle school, I remember getting a pair of “Earth Shoes” as part of my back-to-school get up. They featured a tread that read, “GASS”, which stood for Great American Shoe Store. Most, if not all, of our shoes back then came from the Great American Shoe Store – Kinneys.  I felt pretty cool in my new kicks; especially when that first snow fell and I could see the GASS imprint in my foot tracks. Gas was on the minds of many in the 70s, as it was becoming increasingly hard to come by. It was also increasing pollution.Kinneys was capitalizing on a burgeoning environmentalist trend that had been growing since the publishing of Rachel Carlson’s, Silent Spring in 1962. By 1970, water and air pollution was prevalent, the federal government was forced to intervene. On January 1st, 1970 the Council on Environmental Quality was created with the signing of the National Environmental Policy Act (NEPA). This requires Environmental Impact Statements (EIS) of all federal agencies who are planning projects with major environmental ramifications. Either recognizing they may be a target of the government or perhaps seeing consumers being drawn to environmentalism, the American auto makers also got in on the environmental action. A January 15th New York Times article read, “Detroit has discovered a word: “Environment.”” The General Motors (GM) CEO, Edward Cole, promised an “essentially pollution free car could be built by 1980.” Engineers from GM, Ford, and Chrysler attending the 1970 convention of the Society of Automotive Engineers were all pitching anti-pollution technologies. GM’s CEO was probably influenced by his son, David Cole, who was an assistant professor at the University of Michigan. He co-authored a paper for that convention entitled, “Reduction of emissions from the Curtiss Wright rotating combustion engine with an exhaust reactor.” There was growing concern entrusting those very institutions responsible for the destruction of the environment with devising schemes to save it. The country’s air, water, and land was being smothered in waste. Something needed to be done. So on July 9th, 1970, 51 years ago today, the United States Environmental Protection Agency (EPA) was proposed by Republican President Richard Nixon. This agency was intended to focus on short-term fixes targeting violators of the law, so Nixon appointed Assistant Attorney General, Bill Ruckelshaus, to the post. Ruckelshaus promptly ordered a steel company to stop dumping cyanide into Cleveland, Ohio’s Cuyahoga River. It was so polluted that it had caught fire at least thirteen times. Ruckelshaus also banned the use of DDT. After being jostled around in various appointments and governmental positions, including the head of the FBI, he was reappointed to head the EPA in 1983 by Republican President Ronald Reagan. The Reagan administration grew concerned over the faltering reputation of the EPA after Ruckelshaus’ replacement, Anne Gorsuch Burford, (Neil Gorsuch’s mom) cut the EPA’s budget, eliminated jobs, and neutered enforcement policies. The EPA and the environment was slipping backwards, so once again it was Ruckelshaus to the rescue. He promptly fired most of her leadership team and got back to work protecting the environment running the EPA until 1985.Upon leaving government, Ruckelshaus moved to Seattle and was a practicing attorney and continued to prosecute environmental crimes. In 1993, Democrat President Bill Clinton appointed him to the Council for Sustainable Development and throughout the 90s he worked as a special envoy in the Pacific Salmon Treaty between the United States and Canada and was chair of the Salmon Recovery Funding Board. Republican President George W. Bush then appointed him to the United States Commission on Ocean Policy in 2004. The commission was terminated that same year but in 2010 became part of the Joint Ocean Commission Initiative which Ruckelshaus co-chaired. Ruckelshaus endorsed Barack Obama in 2008 and Hillary Clinton in 2016 and received the Presidential Medal of Freedom from Obama in 2015. Nearly fifty years after being appointed by a Republican president to become the country’s first EPA administrator in 1970, fighting for environmental justice at the international, federal, state, local levels – and in the private sector – Ruckelshaus passed away at his home in my neighboring town, Medina, Washington in 2019.FROM DUST TO THE SEA WITH WALLY AND ERMALEEWhen the Nixon administration created the EPA, they decided to put it under the Department of the Interior. This executive department’s mission is to, “protect and manage the Nation’s natural resources and cultural heritage; provide scientific and other information about those resources; and honor its trust responsibilities or special commitments to American Indians, Alaska Natives, and affiliated Island Communities.” For the first time in our nation’s history, it is headed by a person indigenous to these natural resources and cultural heritage; native American, Deb Haaland.  The department dictates how the United States “stewards its public lands, increases environmental protections, pursues environmental justice, and honors our nation-to-nation relationship with Tribes.”When the EPA was created in 1970, the Secretary of the Interior was Alaskan land developer and politician, Wally Hickel. Instead of creating a separate administration for the EPA, Hickel urged Nixon to fold the designated 15 offices under the Department of Interior and rename it the Department of the Environment. It’s hard to know if Hickel’s suggestion was genuinely thoughtful or an egoist attempt to gain power. After all, Hickel was a controversial pick for the post of Secretary of the Interior in the first place. Many activists, journalists, and even the Sierra Club, mounted campaigns to thwart his appointment.Walter Joseph “Wally” Hickel was born in Kansas in 1919 where he and his family endured both the Great Depression and the Dust Bowl. Given the heat waves this summer, we’d be wise to reflect more on the Dust Bowl. It’s was the era’s most devastating man-made environmental disaster. Stripped of their native grasses by cattle and sheep or farmers making room for wheat, White settler farmers ignored Indigenous dryland farming methods that used the grasses to anchor, moisten, and nurture the fervent soil – even during droughts. When a record drought swept across the country and the wheat dried up, farmers tilled it under. Void of organic matter the land became susceptible to the winds sweeping across the plains. The term “Dust Bowl” came from Denver based Associated Press writer, Robert Geiger, reporting on his own personal account of a particularly pernicious dust storm. On April 15th, 1935 he wrote, "Three little words achingly familiar on a Western farmer's tongue, rule life in the dust bowl of the continent—'if it rains.'"He was reporting on a severe dust storm that occurred the day prior – “Black Sunday”. “Black blizzards” of dirt and dust hurled themselves across Oklahoma south to Texas lifting and mislaying an estimated 300 million tons of topsoil. Dust storms such as this went on from 1935 to 1941 sucking soil particulates from the ground darkening the skies in clouds of dust that blew as far east as Maine. It also scattered people in all directions across the country in a climate migration crisis of their its own making. Wally Hickel was one of the displaced.Wally was an athlete in High School and taught himself how to box by watching newsreels of Joe Louis. He became the Class B Golden Gloves champion in 1938 at age 29. Two years later he found himself in California fighting the welter weight champion, Jackie Brandon. Brandon broke his nose in the first round, but Hickel knocked him out three rounds later. Evidently struck by wanderlust, Hickel wanted to then hop a ship headed for Australia but lacked a passport, so instead he boarded the S. S. Yukon headed for Alaska.He returned to Kansas and married, but lost his first wife to illness. He worked as an airplane inspector that included occasional trips to Alaska to inspect privately owned planes – including Russian planes. It was in an airplane hangar that he met his second wife, Ermalee Strutz, and moved to Alaska. Hickel described her as “beautiful as a butterfly, but as tough as boots.” Her father was a United States Army Sergeant stationed in Anchorage and her family had ties to Alaska’s largest financial institution – National Bank of Alaska. She pushed Wally to enter the race to become Alaska’s second Governor. Hickel struggled with dyslexia, so Ermalee was tasked with doing most of his writing, including his campaign speeches. She remained a powerful influence on his career, including pushing Hickel to support the Alaska Permanent Fund. This is a state-owned corporation that invests at least 25% of the money flowing through the Trans-Alaska Pipeline in a fund that sends dividend checks to each resident of Alaska. In 2019, this yielded an annual check in the sum of $1600. This government run basic income guarantee was devised, implemented, and executed by a string of conservative Republican Governors starting with Wally in 1966 and continues today with the Republican far-right Christian conservative, Mike Dunleavy. Maybe this is where liberal socialist-leaning politicians like Bernie Sanders got the idea for a nationwide Universal Basic Income.In 1968, Hickel was told by Nixon that he would have to leave his post as Governor of Alaska to become the Secretary of the Interior. Wally cried. He probably cried again two years later when Nixon fired him for his “increasingly militant defense of the environment.” Hickel led a string of pro-environment policies in his short two years as Secretary: Preserved some of the Florida Everglades: He established the Biscayne National Monument preserving the ecological development of 4,000 acres of keys and more than 90,000 acres of water in the bay and the Atlantic Ocean.Delayed the Alaska oil pipeline to study its effects on permafrost: Heat generated from the pipeline would melt the permafrost leading to unknown damage to the ecosystem and the piping system.Halted the drilling of oil in the Santa Barbara channel: After a 1969 oil spill, Hickel removed 53 square miles of federal tracts from oil and gas leasing. (Later Reagan hoped for more platforms to be built in the channel because he liked how they reminded him of Christmas trees flickering in the dark. Locals call the oil rigs Reagan’s Christmas Trees)Cracked down on oil companies in the Gulf of Mexico: After this oil spill in the gulf, also in 1969, Hickel asked the Attorney General John Mitchell (the man who recommended Ruckelshaus for the EPA position) to convene a grand jury to investigate violations by Chevron and 49 other companies in nearly 7,000 oil and gas wells in the Gulf of Mexico.Stopped imports of commercial whaling products: After placing eight species of whales on the Department's Endangered Species List, Hickel halted imports of oil, meat and any other products from these species. In 1969, roughly 30% of the nation’s soap, margarine, beauty cream, machine oil, and pet food came from whale oil.The final straw for Nixon was Hickel’s public opposition of the administration’s policies on the Viet Nam war and their fatal handling of the Kent State student protests. Hickel wrote, “I believe this administration finds itself today embracing a philosophy which appears to lack appropriate concern for the attitude of a great mass of Americans – our young people." Hickel was promptly let go. With him went the Assistant Secretary of the Interior, Dr. Leslie Glasgow, who was in charge of Fish, Wildlife, Parks, and Marine Resources. Glasgow took a leave of absence from Louisiana State University, where he taught marsh wildlife, to assume his post under Hickel in Washington, D.C. He exceled at educating, convincing, and cajoling corporations, companies, and governmental agencies into environmental conservation practices. He was loved by both hippies and hunters and represented widespread hope that the nation could finally begin to heal the land it had wrongly wounded. But those hopes were dashed when it became clear Nixon would rather appease corporations than heal the environment. In a December 12th, 1970 New York Times article Glasgow said he was “pushed out of the Department of the Interior by political and business interests in a shake up that represented a “definite step backwards for environment.”” In anticipation of running for a second term in 1972, Glasgow supposed Nixon thought “the changes and dismissals had been made early in hopes that the people would forget them before the Presidential campaign.” What everyone remembers, is not what Hickel and Glasgow did for the environment but what Nixon did to himself and the country as the first evidence of the Watergate Scandal started the summer after their firing.AMERIGNIGMAGlasgow went back to teaching and Hickel went back to real estate. He was not about to make the same mistake his dad made in not owning property, so he bought as much as he could. He started Hickel Investment Company that is now run by this son, Wally Jr. They own and operate hotel rooms, food and beverage outlets, office and retail spaces, and residential lots around Alaska. They, like all residents of Alaska – including poverty stricken Indigenous tribal members – benefit from increasing profits from extractions of natural resources like oil and fish. It makes me question Hickel’s sterling environmental track record as Secretary of Interior – a post that demands a lot of reading and writing.  Perhaps he relied heavily on, and was influenced by, his environmentalist and academic assistant secretary, Dr. Glasgow. Maybe he diddled a dyslexic Hickel into an environmental clinician the same way his wife shaped him into a politician. Especially if Glasgow was known for his ability to convince corporations that doing good for the environment was also good for business. After all, conservation and conservative are just two letters apart.The United States is an enigma when it comes to mixing environmental stewardship with commercial profits. The EPA and the National Park Service sit under the Department of Interior which “manages public lands and minerals, national parks, and wildlife refuges and upholds Federal trust responsibilities to Indian tribes and Native Alaskans. Additionally, Interior is responsible for endangered species conservation and other environmental conservation efforts.” But the Forest Service sits under the Department of Agriculture which “provides leadership on food, agriculture, natural resources, and related issues.” Meanwhile, the National Oceanic Atmospheric Administration (NOAA) sits under the Department of Commerce which “works with businesses, universities, communities, and the Nation’s workers to promote job creation, economic growth, sustainable development, and improved standards of living for Americans.”Like all slaves to fashion, I likely ditched my eco-kicks in favor of the next cool shoe. Probably a new pair of 1978 Nike Tailwinds, the first to feature an air pocket. They too had a cool tread first made from a waffle iron. I don’t recall what kind of imprint they left in the first fallen snow, but I know now the imprint my habitual consumerism has on the environment. And I need help.Environmental protection, conservation, and restoration are necessary to limit the greed that seems to overcome both producers and consumers of limitless goods made from limited resources. Over zealous consumerism will not be quelled by collective action on the part of consumers. Leaders need to lead and act on behalf of future generations of both humans and non-humans. That’s what it means to lead. The dirt from “Black Sunday” filled ponds and potholes across the plains decimating duck and other wildlife populations. President Franklin Delano Roosevelt, a fervent Democrat, hired a Republican to remedy the calamity. He appointed the famous, well loved Iowa cartoonist and conservationist “Ding” Darling to head the U. S. Biological Survey – what then became the U. S. Fish and Wildlife Service under the Department of the Interior. He created the Civilian Conservation Corps (CCC) putting 2.5 million young people to work restoring natural wetlands and habitats along the nation’s four major flyways. More than 63 national wildlife refuges were established during the Great Depression and the Dust Bowl. That’s what leadership looks like, America, in the face of a man-made climate crisis. Subscribe at interplace.io

The homelessness lessons that come from Reno and San Francisco; A 4 billion dollar transfer of Alaska Permanent Fund earnings will not be blocked; A wildfire was just 100 yards from Chena Hot Springs Resort on Tuesday; A black bear entered a camper near Seward

Joining us in conversation for this episode was Marcus Frampton, who is the CIO of the Alaska Permanent Fund. Marcus is also the author of The Micro Cap and OTC Stock Letter, a monthly newsletter which strives to uncover value in the underfollowed corners of the North American markets. He does this with an adventuresome and audacious spirit inspired by the mariners of yesteryear. Land Ahoy! For this episode we discuss Marcus's personal investing style and strategy. He also talks through his thesis for investing in two obscure micro cap stocks that could have great upside potential.Hosted by Jon Kingstonhttps://twitter.com/equitybaron--->Add your email for more investment ideas ->https://capitalemployed.substack.com--->Follow the podcast on...WebsiteTwitterLinkedInYouTube--->Please note this podcast is for education and information only. Stocks, or investment themes, covered in the show are not recommendations. Please do your own research before investing in any stock, fund, product, or service.#investing #stocks #finance #business #smallcaps---Produced by kingsizemetrics.comPodcasting for investment funds + financial media.

Steve Moseley is the Head of Alternative Investments at Alaska Permanent Fund, a $70 billion sovereign endowment that supports the citizens of Alaska.  Steve leads a small team, based in Juneau, Alaska, that is one of the most active participants in what he calls the space in between General Partners and Limited Partners. Across private equity, venture capital, infrastructure, and private credit, Steve and the fund are considered one of the most innovative investors in private markets.   Our conversation covers Steve’s path to Alaska, the Permanent Fund’s unique pool of capital, the history of its investment strategy, and the development of the private asset portfolio.  We then turn to the attributes of fund investments and his focus on adding value beyond fund investments, including co-investments, stakes, and seeding.  We touch on perspectives on managing through an expensive pricing environment, secondary transactions, future innovation in the portfolio, and the challenges of talent acquisition and retention.   Learn More Subscribe: Apple | Spotify | Google   Follow Ted on Twitter at @tseides or LinkedIn Subscribe Monthly Mailing List  Read the Transcript 

For this episode of the Planet MicroCap Podcast, I spoke with Marcus Frampton. He is the CIO of the Alaska Permanent Fund and Editor/Publisher of the "Micro Cap Letter & OTC Stock Letter". This was a lot of fun as dug deep into Marcus' MicroCap investing strategy, how he balances his day to day duties with his passion for MicroCap investing, as well as chatting at length about the upcoming delisting of PINK and GREY sheet companies as part of the SEC's latest rule and how that affects his strategy investing in dark stocks. Please enjoy! For more information about Marcus Frampton, please visit Twitter @MarcusFrampton: https://twitter.com/MarcusFrampton We are conducting a survey titled, "2021 Small Public Company Investor Survey: Identifying Investing Trends in Micro- to Small-Cap Stocks." I would really appreciate your input on this by taking our brief survey as we want to better serve you. #SNNsurvey​: https://www.surveymonkey.com/r/SNN_InvestorSurvey Planet MicroCap Podcast is on YouTube! All archived episodes and each new episode will be posted on the SNN Network YouTube channel. I’ve provided the link in the description if you’d like to subscribe. You’ll also get the chance to watch all our Video Interviews with management teams, educational panels from the conference, as well as expert commentary from some familiar guests on the podcast. Subscribe here: http://bit.ly/1Q5Yfym Click here to rate and review the Planet MicroCap Podcast The Planet MicroCap Podcast is brought to you by SNN Incorporated, publishers of StockNewsNow.com, The Official MicroCap News Source, and the MicroCap Review Magazine, the leading magazine in the MicroCap market. You can Follow the Planet MicroCap Podcast on Twitter @BobbyKKraft

CEO Angela Rodell says the organization recently held slightly over 168,000 shares in GameStop, but that number changes daily.

John gives credit up front to a former high school friend who provides the voice-over work for The Bridge, which sets off a conversation about Heyang's memories from high school, and John adds to the conversation with his current activities on behalf of his alma mater. Then, they switch gears and the discussion becomes a pro vs. con talk around the concept of "universal basic income" and the viability of the idea. John points to the Alaska Permanent Fund that was created in 1982, that has delivered some kind of basic income, financed from the state's oil and gas revenues, ever since. Heyang sheds light on the fact that many human jobs are being replaced by automation, and that perhaps those who are displaced by machinery, should be compensated. John shares a story about turning down a monthly payment that would have labeled his daughter as disabled, which leaves Heyang nearly speechless.

Episode #17 Fireside with a VC – Marcus Frampton, Chief Investment Officer (CIO) of the Alaska Permanent Fund Corporation, the largest sovereign wealth fund in the United States. Talking about how to manage such a large pool of capital, allocations to different asset classes and strategies to balance the fund during Covid and other fluctuations in the market, the IPO markets, domestic and emerging publicly traded equities, the OTC and micro-cap markets, real estate, fixed income, private credit, infrastructure, hedge funds, PE, VC and direct co-investments and how to grow the value of the permanent fund for the benefit of all stakeholders.

Foreign Direct Investment and Sovereign Wealth Funds: Former Alaskan Governor Stephen Cowper, who helped to create the Alaska Permanent Fund, talks about best FDI practices with cohosts Richard Levick and Julian Pecquet, founder and editor of ForeignLobby.com on a new series called The Influencers.

Part 2: Marcus Frampton, CIO of Alaska Permanent Fund Corporation, a $60 billion sovereign wealth fund, shares with us how APF thinks about incorporating ESG principles into its investment portfolio, how APF thinks about diversifying from its oil exposure, and what aspect concerns him the most about the COVID-19 pandemic. (Recorded April 24, 2020)Check out Accelerate Investors programs and events (where you can connect with some of the CIOs live!) at https://accelerateinvestorsny.com/2020accelevents

Marcus Frampton, CIO of Alaska Permanent Fund Corporation, a $60 billion sovereign wealth fund, shares with us his investment philosophy, top reasons why APF does not invest in a fund manager, and his thoughts on investing in private equity co-investments, hedge funds, and tech in the era of COVID-19. (Recorded April 24, 2020)Check out Accelerate Investors programs and events (where you can connect with some of the CIOs live!) at https://accelerateinvestorsny.com/2020accelevents

In this episode of the Effective Family Office Podcast, host Angelo Robles speaks with Marcus Frampton, CIO of the Alaska Permanent Fund. Prior to joining APFC, Marcus held diverse roles ranging from investment banking with Lehman Brothers, private equity investing with PCG Capital Partners, and as an executive with LPL Financial, a private equity backed portfolio company.

The difference between the $992 and the $1000 that the legislature approved is due to a higher than expected amount being set aside to cover other costs paid for out of the dividend funding.

When most people think of the Alaska Permanent Fund, they think of the dividend that hits their bank account once a year, but it can be so much more than that. Angela Rodell, the Executive Director of the Permanent Fund Corporation announced a $200 million initiative to invest in Alaska companies. To see the presentation, go to https://youtu.be/AWdDcmqxx3s To learn more about Accelerate www.accelerateak.com & www.acceleratearctic.com

Hello! And welcome to another edition of Inside The Newsroom. Today we have a very special guest from Maryland’s 5th district, Democratic candidate for U.S. House Mckayla Wilkes, who’s taking on fellow Democrat Steny Hoyer, with the vote currently scheduled for June 2. Mckayla and I talked about the federal government’s response to the coronavirus, which now sees 143,055 cases and 2,510 deaths in the U.S. We went through Universal Basic Income, Medicare For All and the U.S.’s draconian ‘At-Will’ employment law that allows employers to fire workers for any reason, at any time. Before we get to the rundown of everything we talked about, I want to thank Nancy Krempa for reading and supporting the newsletter over the past five months. Comments like this are why I do what I do. Enjoy ✊Picks of the Week…Boris Johnson Tests Positive — The UK prime minister is self-isolating after testing positive for the coronavirus. Two weeks ago he told the world he’d been shaking hands with hospitalized virus patients.China Reopening — Wuhan has begun to reopen after more than two months in lockdown.40 Classic Sports Games — The Ringer have put together a list of the greatest sports games to revisit.Mckayla 👇Who Are Mckayla Wilkes and Steny Hoyer?Mckayla was born in Washington D.C. to a single mother, her father unexpectedly passing away just months before she was born, and now resides in Waldorf, Maryland with her two children. Mckayla’s battle with asthma means she knows all too well about the anxiety and panic millions of Americans face every single day by not being able to afford health insurance to pay for the abhorrent costs of the U.S. healthcare system. It’s part of the reason why she’s running on a platform that includes Medicare For All and Universal Basic Income, two measures that would help ease the financial and medical pain millions of Americans not only feel today, but every day.In 63 days time, the people of Maryland’s 5th district will go to the polls to decide between Mckayla and her 80-year-old opponent Steny Hoyer, majority leader of the U.S. House of Representatives and one of the most powerful Democrats in the country. Hoyer has represented the 5th district for 40 years and is seeking re-election for his 21st term. When it comes to the issues, he’s an advocate for strengthening Obamacare, a backer of Wall Street and has received millions in donations from corporations. The gap between the two candidates could not be wider.Coronavirus in MarylandAs we detailed in Friday’s newsletter, governor Larry Hogan has instituted a shelter-in-place order, and only essential businesses continue to have physically present personnel. Gatherings of over 50 are suspended. Hogan recently said that he sees no way how things will be able to be opened back up within the next two weeks, at least. There are now 1,239 confirmed cases in the state, including 15 deaths.The Case For UBIUniversal Basic Income has been around for as long as time. It’s essentially a guaranteed income of the same amount to everyone and has repeatedly gained popularity in times of mass economic transformation and stress. Modern day welfare systems emerged out of the Great Depression and Second World War.Financial relief packages governments around the world have signed over the past month have all been forms of UBI born out of another global emergency, though it’s unclear whether these bailouts will be frequent or one-offs. But what many people forget, or simply don’t know, is that, like healthcare, millions of people face emergencies every single day from not having enough money, sometimes working two or three jobs just to cover the bills. I didn’t know at the time, but my own mother told me recently that she was one of those people who worked three jobs just to make sure my brother and I didn’t go without anything growing up. She worked as a sales assistant for two different estate agents during the day, made sure dinner was cooked and on the table, and then cleaned a car showroom at night. God bless her.UBI isn’t that simple, though, especially for prolonged periods, and unlike universal healthcare, UBI’s track record isn’t as deep nor as proven. The largest case of UBI in the U.S. is in Alaska, where the state-owned Alaska Permanent Fund has been around since 1982, and pays every Alaskan woman, man and child an annual dividend based on the fruits of the state’s resources, mainly oil. When oil prices were sky high in 2015, every resident received a one-off payment of $2,072, and in less glamorous years like 2020, the dividend is closer to $1,000. Another large UBI project took place in Finland between January 2017 and December 2018, where 2,000 unemployed Finns received a monthly no-strings-attached payment of €560 (£490; $634). Now, this is obviously a teeny eeny weeny sample size, but the results were mixed. While researchers found participants’ desire to find employment stayed relatively the same, their happiness and stress levels all improved dramatically. Ultimately, UBI is successful depending on what you’re looking to get out of it.Now, $2,000 a year or €560 a month is clearly not enough to live on, but there are fascinating results that we can take and use for the future. It seems as though the world isn’t sold on UBI as an indefinite policy, but maybe more people will be sold once they read about America’s draconian ‘At-Will’ employment laws…Like Me, PleaseBefore you read on, please like this edition of Inside The Newsroom by clicking the ❤️ below the title. That way I’ll appear in clever algorithms and more people will be able to read. Cheers.At-Will EmploymentI was having a conversation with a friend from California the other day about how she thought I was joking when I told her the standard notice period in the UK is one month, with some contracts mandating even longer if you’ve spent several years with a company. When I heard Mckayla describe Maryland’s At-Will employment laws, I thought she was joking. Turns out she wasn’t, and at-will employment is no joke.According to Maryland’s Department of Labor:Employees work “at the will” of their employers. This means, in the absence of an express contract, agreement or policy to the contrary, an employee may be hired or fired for almost any reason — whether fair or not — or for no reason at all.”The exceptions saving employees are few and far between, but include not being be able to be fired because of discrimination. No lawsuits can be filed against employers for lost wages or unfair dismissal, and turns out that most if not all states are covered by such laws, or rather the lack of them. It’s just one of the litany of reasons why the U.S. has been so unprepared to fight the spread of the virus that could end up infecting millions.What’s in the U.S. and UK Relief Packages?A $2 trillion (£1.6 trillion) U.S. economic relief package was signed last week, and a similar £330 billion ($400 billion) deal was signed in the UK. But what’s actually in them both and how easy will it be for people to recoup lost income?Starting with the U.S., most adults will receive a one-off payment of $1,200, though there are several conditional factors: Single adults with income of $75,000 or less will get the full amountMarried couples with no children earning $150,000 or less will receive a total of $2,400Taxpayers filing as head of household will get the full payment if they earned $112,500 or lessAbove those income figures, the payment decreases until it stops altogether for single people earning $99,000 or married people who have no children and earn $198,000You can’t get a payment if someone claims you as a dependent, even if you’re an adultIn the UK, the government will provide loans of up to £5 million ($6 million) for small businesses with revenues of less than £45 million ($ 55 million). There’ll also be non-repayable grants of up to £10,000 ($12,250) for 700,000 small businesses, and £25,000 ($30,000) for pubs and restaurants available. As for employees, the government has pledged to pay up to 80 percent of wages of anyone that cannot work because of the virus.Last week…#67 — Sarah Nöckel (Femstreet) on how she grew her newsletter dedicated to women in tech and venture capital to more than 7,000 subscribers from scratch and how we can close the inequality gap yesterday.… Next upHopefully James Spann to talk about the beginning of the U.S. tornado season.Related podcasts…#65 — Andrew Flowers (Journalist > Politician) on how to make the transition from journalist to running for office, and why the uninsured rate in Massachusetts is the lowest in the country.#64 — Paula Jean Swearengin (U.S. Senate) on running for the U.S. Senate for a second time, featuring in Netflix’s Knock Down The House and how the coal industry ripped West Virginia to shreds. Job CornerThe Inside The Newsroom Job Board will be launched next week. Stay tuned.Thanks for making it all the way to the bottom. Please like and share this edition of Inside The Newsroom by clicking the ❤️ below. That way I’ll appear in clever algorithms and more people will be able to read.If you haven’t already, please consider subscribing to get a newsletter about a cool news topic in your inbox every time I publish (1-2 times a week). You can find me on Twitter at @DanielLevitt32 and email me corrections/feedback or even a guest you’d like me to get on the podcast at daniellevitt32@gmail.com. Get on the email list at insidethenewsroom.substack.com

The socio-political landscape of Alaska. Bill relates his early journey from drug & alcohol counselor to serving as DEC commissioner. Ownership of Alaskan lands and resources: history and implicationsThe Hammond era, the Alaska Permanent Fund, Exxon ValdezThe socio-economic ramifications of Alaska's oil boom. Present tense: dwindling oil, severe state budgets cuts, and the impacts of Climate Change.The push to open ANWAR, develop Pebble Mine, dramatically increase Tongass logging

This is the first episode in a four-part series on Universal Basic Income (UBI). We explore the meaning of UBI, its history, and the experiments conducted on UBI around the world.Please 'Subscribe' and leave a 5-star review. Thank you!***References:‘Utopia’, Thomas More, 1516, republished by Planet eBook.‘On Assistance to the Poor’, Juan Luis Vives, 1526, republished by University of Toronto Press.‘Utopia for Realists: The Case for a Universal Basic Income, Open Borders, and a 15-Hour Workweek’, Rutger Bregman, 2016, The Correspondent.‘Basic Income: A Guide for the Open-Minded’, Guy Standing, 2017, Yale University Press, New Haven and London.‘Basic Income: A Radical Proposal for a Free Society and a Sane Economy’, Philippe Van Parijs & Yannick Vanderborght, 2017, Harvard University Press.Basic Income Earth Network website.World Economic Forum: ‘A Basic Income for All: Dream or Delusion?’Yang 2020 website.Tedx Talks, ‘Basic Income: Utopia or Solution?’, Guy Standing.‘MLK Advocates for Guaranteed Income at Stanford (1967)’.LibertyPen, ‘Milton Friedman – The Negative Income Tax’.‘Primer on Universal Basic Income’, Ray Dalio, Linkedin.‘Switzerland’s Voters Reject Basic Income Plan’, BBC.‘A Guaranteed Income: Why the Swiss Said No’, The Local.‘The Amazing True Socialist Miracle of the Alaska Permanent Fund’, Dylan Matthews, Vox.‘No Strings Attached: The Behavioural Effects of U.S. Unconditional Cash Transfer Programs’, Roosevelt Institute.***Music: Julian AngelatosArtwork: Nerpa Mate

Tonight on the KRBD Evening Report: State officials want to close a state trooper dispatch center in Ketchikan, a move that local officials warn could have dire consequences — The Alaska Permanent Fund may not have enough cash to pay for state government and PFDs at some point in the next decade — and a new weather station in Sitka gives forecasters a chance to better predict landslides.

The idea of a universal basic income has been gaining traction in recent years, but we don’t have much evidence about what a large-scale universal basic income policy would do. In this episode, University of Chicago economist Damon Jones talks about the idea of a universal basic income and discusses a study he did with Ioana Marinescu that looked at the Alaska Permanent Fund to better understand the labor market effects of universal and permanent cash payments. 

Okay, this is a bit misleading as far as headlines go, but with autonomous trucks in our future, this discussion needs to happen. Why not start here on The Trucking Podcast? I have three points worth considering. First, the Alaska Permanent Fund. Follow the link for full details, but here’s a rough outline. Alaskan North ... Read more The post 3 Questions About Trucking Alaska Style appeared first on The Trucking Podcast™.

Marcus Frampton's the new chief investment officer of the Alaska Permanent Fund, and he's taking what he's learned during the last six years at the organization to the next level. In this episode, Frampton talks about his firm's private market co-investments and what it's like to finally make it to the C-suite. Follow our companion pages: www.facebook.com/ChiefInvestmentOfficer/ twitter.com/ChiefInvOfficer www.linkedin.com/company/10779168 Subscribe on iTunes: www.itunes.apple.com/us/podcast/chi…ficer-podcast/

The idea of a universal basic income (UBI) has generated a lot of conversation. The conversation in the U.S. often has focused on whether a UBI program here would be politically palatable and feasible. Its economic implications, however, are not always well understood. Based on her B-School seminar, Professor Marinescu discusses her research on UBI-style programs, such as the Alaska Permanent Fund, to discuss their effects, especially with regard to labor markets. See acast.com/privacy for privacy and opt-out information.

Ioana Marinescu, Assistant Professor of Economics at the Penn School of Social Policy & Practice, joins host Dan Loney to discuss her recent B-School Seminar presented to congressional staffers that focuses on examining the challenges and economic implications of a Universal Basic Income program in the United States, drawing on new research from existing programs such as the Alaska Permanent Fund.This seminar is part of the Penn Wharton B-School for Public Policy, a new monthly series of faculty-led seminars for policymakers on Knowledge@Wharton. For more information about how to get involved with Penn Wharton B-School for Public Policy, visit: https://publicpolicy.wharton.upenn.edu/b-school/get-involved/ See acast.com/privacy for privacy and opt-out information.

It's easy to forget that one U.S. state administers a universal cash dividend and has for over thirty years. Alaska came into a windfall from leasing its oil lands in the late seventies and early eighties, and made the bold decision to invest the revenue in a sovereign wealth fund, which provides cash dividends to every Alaskan on an annual basis. Alaska State Sen. Bill Wielechowski joins the podcast to discuss the past, present and future of the Alaska Permanent Fund, and if it could be a model for the entire country.

A universal basic income would have myriad interactions with existing markets, and one that is worth thorough consideration is the housing market. Laurie Macfarlane, Senior Economist at the New Economics Foundation, recent speaker at TEDxTotnes, and co-author of the book ‘Rethinking the Economics of Land and Housing' joined the podcast to discuss the various factors within the housing market and what they could mean for basic income. Macfarlane proposes a method to share wealth from rising land values, based on the Alaska Permanent Fund.

Ioana Marinescu is an assistant professor of economics at the University of Pennsylvania and a faculty research fellow at the National Bureau of Economic Research. Today she joins the show to highlight her work on the concept of a Universal Basic Income (UBI). David and Ioana discuss how a UBI would work and how it compares and contrasts with Milton Friedman’s related negative income tax proposal. They also discuss the economic and social effects of a UBI, some experimental evidence of the policy, and the political feasibility of such a program. David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth Ioana’s Twitter: @mioana Ioana’s website: http://www.marinescu.eu/ Related Links: *No Strings Attached: The Behavioral Effects of U.S. Unconditional Cash Transfer Programs* by Ioana Marinescu http://www.marinescu.eu/Marinescu_UBI_review_2017.pdf *The Labor Market Impacts of Universal and Permanent Cash Transfers: Evidence from the Alaska Permanent Fund* by Damon Jones and Ioana Marinescu http://home.uchicago.edu/~j1s/Jones_Alaska.pdf

On What'd You Miss This Week, Joe Weisenthal, Julia Chatterley and Lisa Abramowicz, who filled in for Scarlet Fu who is on vacation, spoke with Damon Jones, Associate Professor at the University of Chicago's Harris School of Public Policy about universal basic income. Once a fringe policy prescription, the idea is starting to gain more mainstream traction. Harris's research on the Alaska Permanent Fund found it doesn't cause people to leave the workforce --dispelling one of the biggest arguments against it. They also spoke with Marc Chandler, Brown Brothers Harriman Global Head of Currency Strategy about the recent market correction and why the U.S. stock market is overvalued according to one model. Then David Kirkpatrick, Techonomy CEO & Founder and Author of "The Facebook Effect" joined to discuss if the social network can ever learn how to police all of its content. 

Sarah, Ezra, and Matt discuss Bernie Sanders' Medicare for All bill and Hillary Clinton's musings on creating a national version of the Alaska Permanent Fund. Learn more about your ad choices. Visit megaphone.fm/adchoices