Economists forecast fair outlook for state and nation

02/28/13 - 4:24pm

Economists predicted slow and steady growth for the Alaskan and the national economies at the World Trade Center Alaska’s annual economic forecast presentation on Jan. 22.

Pat Burden, president and principle economist of Anchorage-based Northern Economics, said he is predicting 1 percent growth for Alaska’s economy in 2013, or about the rate of population growth. The correlation between population and economic growth in Alaska has been strong for about 25 years, he said.

Interest rates drive 2012 banking gains

02/14/13 - 9:50pm

Low interest rates were the driving factor — with positive and negative implications — in 2012 for Alaska’s financial institutions, industry officials said.

Fairbanks-based Mt. McKinley Bank rode the low rates to a record profit of $4.38 million on $328 million in total assets. The profit marks a year-over-year increase of 18.7 percent.

“We had a lot of refinance activity on home mortgage loans. Our net interest margin held up pretty well through 2012,” Mt. McKinley President and CEO Craig Ingham said.

State releases draft of amended Bristol Bay land use plan

01/11/13 - 9:33am

Groups opposing Pebble Mine are not happy with an amended 2005 Bristol Bay Area Plan released Jan. 4 by the Department of Natural Resources.

The amended land use plan is the result of a 2009 joint lawsuit filed in state court by Trout Unlimited, the Alaska Independent Fisherman’s Marketing Association and five Bristol Bay area village and tribal councils against the Department of Natural Resources, or DNR.

The 2005 Bristol Bay Area Plan designated use for more than 19 million acres of land in the Bristol Bay region.

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Economists forecast fair outlook for state and nation

Interest rates drive 2012 banking gains

State releases draft of amended Bristol Bay land use plan

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