“Low-interest rate borrowing allows the state to invest surplus revenue for better returns,” Gov. Mike Dunleavy claims, a bit of wisdom that could have come from the late Cal Worthington or the Mattress Ranch.
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One of the Outside companies McKinley Capital Management has invested unknown millions of the Permanent Fund into is SpinLaunch, a speculative investment for a public fund.
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The timing a year ago was no accident. Had the Republican group waited three more days to move the $3 million, the election reform measure approved by Alaska voters would have kicked in. And that measure would have required identification of the real donors of the money—those who laundered it through the RGA to try to reelect Dunleavy.
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McKinley Capital Management, which made the investment with Permanent Fund money, says “Astra is one of the most high-profile success stories in Alaska’s emergence as a strategic location for the new space industry.” On Thursday, an Astra rocket launched at Cape Canaveral failed to deliver four small satellites into space.
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Kinross Gold, which wanted to see the resolution die, was mighty pleased with the obstructionist tactics of Tammie Wilson, Jimi Cash and Frank Tomaszewski.
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Nebari, a recipient of an undisclosed amount of public money, has an Alaska connection, but the company is not based in Alaska, contrary to the claim by Barings and the Permanent Fund. That the public has been misled about this simple detail is cause for concern.
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It should not be up to the recipients of state cash to decide if such investments are to be revealed to the public. And it should not be up to the recipients of state cash to decide that they’d rather keep the dollar amounts secret. This is public money and the public deserves disclosure.
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Right-wing Anchorage Assembly member Jamie Allard brought up the Rev. Tshibaka to stand in the back of the flatbed pickup in the Cabela’s parking lot to give a speech and lead the assembled in prayer. This was not long after the crowd chanted “Let’s Go Brandon,” which means “Fuck Joe Biden.”
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In his full-throated defense of a distorted definition of “freedom” that has led to needless suffering and death, Sen. Dan Sullivan showed no hint that he understands any of the life-and-death questions raised by the pandemic.
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The Alaska Permanent Fund Corporation continues to claim that it is up to the recipients of the $200 million in state funds to decide what information, if any, should be released to Alaskans. The corporation refuses to say exactly how much is invested with each company, repeating its flawed interpretation of a state law enacted four decades ago.