Dunleavy pressured AHFC board to block Wells Fargo $150 million bond deal

Gov. Mike Dunleavy led a successful pressure campaign to block a $150 million bond proposal with Wells Fargo Bank proposed by the staff of the Alaska Housing Finance Corporation.

That’s according to Fairbanks Mayor David Pruhs, an AHFC board member, who praised Dunleavy for leading the charge to get the board to kill the deal.

The $150 million plan with Wells Fargo Bank died for political reasons, not for financial reasons. It was “political correctness payback” against Wells Fargo, Pruhs said.

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Dermot Cole Comments
Kindred whistleblower claims retaliation by U.S. attorney

The fallout from the judicial scandal related to former Judge Joshua Kindred continues to spread.

Bloomberg Law reports that the former law clerk woman who complained about Kindred’s behavior alleges that the U.S. attorney’s office denied her a job because of the ruckus that ensued. The former law clerk said her boss at the prosecutor’s office informed her about her failure to get a job via an all-staff e-mail last September.

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Dermot Cole Comments
Permanent Fund needs a modernized structure, but this isn't about the dividend, so no one pays attention

If you see or hear a claim that the Alaska Permanent Fund ended the fiscal year June 30 with a $428.3 million shortfall—and you might—don’t jump to conclusions.

This is more about the antiquated structure of the $80 billion fund than it is about recent performance. For nearly a quarter-century, the advice from financial experts has been clear—the fund needs a modern structure that provides more flexibility in dealing with tens of billions in global assets.

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Dermot Cole Comments
Judicial emergency in Alaska, while Murkowski and Sullivan stick to secrecy

With only one of three federal district court judgeships now occupied, the Alaska federal courts face a judicial emergency under the definition used by the nonpartisan administrative office of the federal court system.

A judicial emergency requires specific criteria about excessive case load levels. An emergency is also assumed to exist in “any court with more than one authorized judgeship and only one active judge.”

With the forced resignation of Judge Josh Kindred, the only federal district judge in Alaska is Judge Sharon Gleason.

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Dermot Cole Comments
Permanent Fund 'coup' moves Jason Brune to trustee chair, replacing Ethan Schutt

Gabrielle Rubenstein announced plans to resign from the Alaska Permanent Fund Board of Trustees Wednesday, but not before providing a key vote in removing Ethan Schutt as chairman and replacing him with Jason Brune.

Former Attorney General Craig Richards referred to it as a “coup.” I have heard from other sources that the trustees had informally agreed in private to make Brune the chair. The vote was 4-2 with Richards and Schutt opposed.

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Dermot Cole Comments
Dan Sullivan's imaginary war. There is exactly 1 executive order on his list of '68 Executive Orders & Actions Targeting Alaska'

Truth is the first casualty of war, even in imaginary wars.

I want to deal here today with the 68 alleged executive orders and actions that Sullivan cites in his shock and awe campaign.

On December 8, 2021, in one of the first speeches he gave in Congress about the Biden war on Alaska, Sullivan said multiple times that there were “20 executive orders in eight months” and portrayed these as sanctions or direct attacks on working families.

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Dermot Cole Comments
An important day in the history of our country

Historian Heather Cox Richardson’s analysis on President Joe Biden’s decision to pull out of the 2024 race is cogent and enlightening. If you haven’t done so already, listen to what she said Sunday night.

I am in awe of the discipline and skill required to produce her daily “Letters from an American,” which has more than 1.5 million subscribers. She has her critics, but I know of no one else writing about history and politics with such finesse on the brutal schedule she keeps.

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Dermot Cole Comments
More on the campaign to ban books from school libraries

Moms for Liberty is a nationwide group that circulates lists of books it wants to ban from public school libraries.

The Moms also object to anyone saying that Moms for Liberty want to ban books from public school libraries.

Moms for Liberty want to be able to decide what materials the children of other people should have access to in school.

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Dermot Cole Comments