Alaska Governor Wants Law To Limit OilWealth Fund Draws

first_imgThe House budget also proposed taking about $700 million from a state savings account to help fill the deficit but fell short of the level of support needed to tap that fund. Walker said he was “not uncomfortable” with the dividend amount proposed by the House. House leaders believe other measures, such as a broad-based tax and changes to oil taxes, should be part of an overall fiscal plan. The Senate rejected an income tax last year and has been lukewarm to revisiting oil taxes, maintaining that the deficit can be managed with fiscal discipline. “We will evaluate that at the end of the process,” he said. The House proposal would set the dividend at $1,600 per person, compared to an estimated $2,650 had the formula been followed. The Senate has yet to propose its version. House Speaker Bryce Edgmon said there have been preliminary discussions with Walker’s administration on the Legislature’s remaining work. The session is scheduled to end in less than two weeks, but Edgmon said lawmakers probably will need more time. Some use of permanent fund earnings is widely seen as necessary to help fill the budget hole. Walker and legislative leaders have envisioned some type of draw based on an average of the fund’s market value, versus just taking cash out without parameters. On Tuesday, House leaders were noncommittal about Walker’s proposal to set a draw limit in law. In a newsletter Monday, Walker said a draw limit “must be binding in law.” He also said need for government services or an aversion to taxes cannot be allowed to eliminate future dividend funding, and called for an “unbreakable floor” for dividend amounts. Rep. Neal Foster, a Democrat from Nome, said he doesn’t see that as a must-have for ending the session, “under the current circumstances, without a full fiscal plan and so forth.” Facebook0TwitterEmailPrintFriendly分享JUNEAU, Alaska (AP) — Gov. Bill Walker favors a law to limit how much lawmakers can pull from the earnings of Alaska’s oil-wealth fund to pay for state government and yearly checks to residents. Traditionally, dividends have been paid with fund earnings, based on a calculation set in law. But that formula has been ignored the last two years, and dividends capped, amid legislative gridlock over how best to fill the deficit. But the House majority, composed largely of Democrats, and the GOP-led Senate have disagreed on what additional actions need to be taken. The amount was based on a draw equal to 5.25 percent of the fund’s average market value over the prior five years, according to the House majority. House Finance Committee Co-Chair Paul Seaton called that level of draw “sustainable on a short-time basis.” The House, as part of the operating budget it passed for the coming fiscal year, proposed taking $1.7 billion from fund earnings to help cover government costs and another $1 billion for the annual dividend check Alaskans receive from the oil-wealth fund. The two versions of the budget are typically reconciled between House and Senate negotiators. Walker told reporters Tuesday that a lack of such a structure could be risky for the fund’s sustainability. He would not say whether he would he would approve a budget that relies on a limited draw from Alaska Permanent Fund earnings if a law making a structured draw permanent isn’t passed.last_img read more

Quincy Jones To Conduct Three Michael Jackson Albums Live In London

first_img Twitter Email Quincy Jones To Conduct 3 Michael Jackson Albums quincy-jones-conduct-three-michael-jackson-albums-live-london London’s O2 Arena to host symphonic interpretation of ‘Off The Wall,’ ‘Thriller’ and ‘Bad’ with special making-of video segmentsPhilip MerrillGRAMMYs Feb 11, 2019 – 1:34 pm Quincy Jones will revisit his historic production of the three Michael Jackson super-albums Off The Wall, Thriller and Bad with a symphonic special event on June 23 at London’s O2 Arena, featuring making-of video segments shown for the first time in public. Orchestral conducting duties will be shared with GRAMMY winner Jules Buckley.Two days after the occasion will be the 10th anniversary of Jackson’s tragic death. Jones will host and present unique insights into the creation of the iconic hat trick, three albums that shaped pop music culture and changed it forever. The three albums sold more than 150 million units combined. In 2008, Off The Wall and Thriller were inducted into the GRAMMY Hall Of Fame.  Jones is coming off a big win for Best Music Film for ‘Quincy’ at last night’s 61st GRAMMY Awards. The documentary on Jones’ life and career earned wins for directors Alan Hicks and Rashida Jones and producer Paula DuPré Pesmen.Tickets for the orchestral event go on sale on Feb. 15 at the O2’s website. Special guest appearances are still pending further announcement.Alan Hicks, Rashida Jones & Paula DuPré Pesmen Win Best Music Film For ‘Quincy’ | 2019 GRAMMYsRead more Facebook Quincy Jones To Conduct Three Michael Jackson Albums Live In London News https://twitter.com/TheO2/status/1094898956100866049last_img read more

Drivers in Anchorage Alaska can pay for a parking ticket in school

first_imgEnlarge Image mcdomx/Getty Images Drivers in Anchorage, Alaska can now pay for a parking ticket in pens and pencils, in an effort to help underprivileged kids get enough school supplies, the Anchorage Daily News reports.Specifically, drivers with a ticket that’s under 30 days old can pay their $20 fine by submitting 200 No. 2 pencils or 100 black or blue pens during the next two weeks. Now, before all you Alaskan parking scofflaws start twirling your mustaches and looking at buying pencils by the crate, EasyPark — the company that handles parking enforcement for Anchorage — will only let you pay for one ticket this way.(As a resident of Los Angeles, I want to take a second and imagine living in a place where parking tickets only cost $20. If parking enforcement attempted to offer this kind of alternate payment idea here, the city would likely drown in a sea of Bics and Ticonderogas, but I digress.)”Providing assistance by accepting school supply items for parking citations is a positive start in supporting our local students for a successful school year,” said Demetric Tuggle, parking director for EasyPark, in a statement.If you live in Anchorage and want to pay a ticket off with writing implements, you can go to the EasyPark office at 440 B St. between 8:30 a.m. and 5 p.m. on weekdays from Friday through Aug. 9.We checked, and no, Ms. Tuggle is not actually a character from a Thomas Pynchon novel, she’s just a lady trying to help the kids in Anchorage, and we support that. If you don’t have a ticket, but you want to donate school supplies anyway, you can contact Helping Us Give School Supplies (Hugss) here. Share your voice 2020 Hyundai Palisade review: Posh enough to make Genesis jealous Post a comment 2019 Jeep Wrangler review: First-place performance 2020 BMW M340i review: A dash of M makes everything bettercenter_img 0 Car Culture Random Tags More From Roadshowlast_img read more

The Rees Hotel Queenstown announces bold expansion plan

first_imgThe Rees Hotel Queenstown announces bold expansion planThe Rees Hotel Queenstown announces bold expansion planThe Rees Hotel Queenstown is to be the centrepiece of a strategy to develop a chain of boutique hotels showcasing an authentic New Zealand experience. From the 12th of October 2018 The Rees Management Ltd (TRML), the manager of The Rees Hotel Queenstown, New Zealand, will be sold to interests associated with Pioneer Capital and current TRML board members Mark Rose and Bruce Davidson. Pioneer was attracted to the successful leadership, established culture and management of The Rees Hotel Queenstown and will leverage these assets as the key ingredients in their development strategy.Pioneer Capital is a New Zealand investment firm focused on investing in high value export-led businesses. The management sale and development plan will enable growth and future security of supply of guest numbers for The Rees Hotel, carefully targeted at the high-end international tourism market. TRML will continue to be the manager of The Rees Hotel and the entire management team and all staff will be retained. Mark Rose will continue as the CEO and the Board of Directors will comprise Bruce Davidson (Chairman), Mike Pohio (Independent Director), Randal Barrett and Shayne Shepherd (Pioneer) and Mark Rose.Mr Rose says, “We are excited to implement this strategic move which has been in the planning for some time. We aim to become a boutique New Zealand hotel company with around five hotels on the tourist route each reflecting their unique ‘place’, with the same culture and high touch service that we are proud to offer at The Rees Hotel Queenstown.”Mr Barrett commented, “Mark and his team have built an exceptional tourism offering in The Rees, and we are delighted to be partnering with them as they expand the product to address increasing inbound demand.”The Rees Hotel Queenstown opened in 2009, comprises 60 hotel rooms, 90 apartments and five Lakeside Residences and is located on the shores of Lake Wakatipu with spectacular views over the lake to the Remarkables mountains. The independent, stylish, luxury property has consistently been internationally recognized and awarded for excellence including receiving New Zealand Tourism’s top Qualmark 5 Star Hotel & Gold Business Tourism Sustainability Award in 2018 and ‘Best NZ Hotel’ two year’s running (2017 /18), in the Australasian Hotel Management Awards of Excellence. Along with awards for service, for its fine dining restaurant True South, executive chef Ben Batterbury and for its wine list, the hotel is also a leader in community service and sustainability initiatives, constantly striving to maintain and further develop the high standards it has set in the New Zealand hospitality industry.The management share sale and resulting development plan will be a very exciting opportunity for all parties and will provide benefits for apartment owners, management and staff and provide certainty of ownership and supply of capital. Source = The Rees Hotel Queenstownlast_img read more

Rep Iden will lead influential new Michigan House committee in 201920 legislative

first_img Categories: Iden News,News State Rep. Brandt Iden of Oshtemo Township will chair the newly created House Ways and Means Committee for the 2019-20 legislative term.Iden will begin his third term representing the 61st House District, which includes part of Kalamazoo County, when the new Legislature convenes in January.The Ways and Means Committee, announced by Speaker-elect Lee Chatfield, will be one of four committees that will advance bills to the House floor. Topics could include tax policy, regulatory reform and commerce, among many others.“I am honored to be appointed to this position and to serve Michigan in this way,” Iden said. “We want to ensure that policies have been fully discussed and debated, and that various perspectives are accounted for.“The people of Michigan deserve a state House that will deliver on top priorities, and will move Michigan forward into the new decade.”The House Ways and Means Committee will review legislation after it has been approved by its original committee, encouraging further deliberation before it is considered by all 110 House members.Iden chaired the House Regulatory Reform Committee during the 2017-18 legislative session. He has served on House committees for Commerce and Trade, Oversight, Communications and Technology, Tax, and Workforce and Talent Development.##### 27Dec Rep. Iden will lead influential new Michigan House committee in 2019-20 legislative sessionlast_img read more

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Atahurahman, a scientific and fisheries agency, Police in Atlanta, member countries to opt out of the cultivation of genetically modified (GM) crops. The opt-out plan would allow countries opposed to GM crops to prohibit their planting without affecting other member states. read more