Permanent Fund's $29 million Peter Pan fiasco deserves a legislative review

The Permanent Fund claimed at first that all information about the investments made by McKinley and Barings were secret, including the names of the companies. The state claimed that it would be entirely up to the two financial management companies to decide what Alaskans would be allowed to know.

As I wrote here on December 6., 2021: “The real danger is that secrecy can be a tool to hide public investments from the public to avoid controversy and public discussion. It can also be a tool that allows political influence to decide who gets the benefit of state money.”

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Dermot Cole Comments
Trump aide thinks taking over Canada is akin to Alaska statehood

Questioned on CNBC if he was trying to dream up ways to defend outlandish schemes from Trump, economic adviser Kevin Hassett claimed that making Canada the 51st state is not outlandish at all.

Hassett didn’t sound like a guy with a doctorate in economics from the University of Pennsylvania. He sounded like a dropout from Trump University.

No one believes that Canada is going to become the 51st state, but the price that supplicants pay to pacify and please the playground bully is to tell him he is always right about everything and call him “Sir.”

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Dermot Cole Comments
Union seeks court order to release $1 million buried state salary study

The state secretly ordered the contractor—after its report was finished last summer—to revise the work it had done and set salaries at the 50 percentile for many employees. Lowering the benchmark would lower the cost and widen the gap between state workers and other employees..
This deception, for that is what it is, goes against the letter and spirit of the state law requiring government transparency.

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Dermot Cole Comments
Begich claims credit for born-again bills pushed by Peltola in last Congress

Rep. Nick Begich the Third didn’t tell Alaskans the full story when he praised himself for getting the House of Representatives to pass two bills on February 4.

The Begich bills were copied word for word from bills introduced by former Rep. Mary Peltola.

The hearings on both took place in November, before Begich took office, and they won unanimous backing from the Republican-controlled resources committee.

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Dermot Cole Comments
Trump's Alaska gas line bloviation

The Anchorage Daily News had the best coverage about Trump’s emissions about the Alaska gas pipeline. Read it here.

Elsewhere the news was not so good.

“President Donald Trump today announced a joint venture with Japan for the Alaska LNG project,” Alaska Public Media reported.

There are no signed documents about a joint venture. That’s because there is no joint venture.

This truth was completely missing from the Alaska news coverage.

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Dermot Cole Comments
New Dunleavy support group forms to promote Golden Age of Alaska

A new video from a campaign group that appears to be aimed at elevating Gov. Mike Dunleavy on the national scene claims that the Dunleavy policies that have worked so well in Alaska should be exported to 49 other states.

Dunleay allies, including Alaska Airlines pilot Bob Griffin, have created the new Dunleavy support group, called “Future 49,” in which Dunleavy and Trump are the lead characters.

“Alaska’s Golden Age is here,” the support group says, thanks in large part to Trump and Dunleavy.

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Dermot Cole Comments