Alaska’s 2016 pink salmon fishery is set to rank as the worst in 20 years by a long shot, and the outlook is bleak for all other salmon catches except sockeyes.
“Boy, sockeye is really going to have to carry the load in terms of the fishery’s value because there’s a lot of misses elsewhere,” said Andy Wink, a fisheries economist with the Juneau-based McDowell Group.
The historical peaks of the various salmon runs have already passed and the pink salmon catch so far has yet to break 35 million on a forecast of 90 million. That compares to a harvest of 190 million pinks last year.
It’s almost back-to-school time. If you have young children going to public schools, your biggest expenditures may be on pens, pencils and notebooks. But if you want those same kids to go to college someday, you’ll eventually face considerably larger costs – so you may want to start preparing soon.
College is costly. For the 2015-16 school year, the average expense (including tuition, fees room and board) was nearly $20,000 at a public, four-year school, and more than twice that amount at a four-year private school, according to the College Board. Of course, cheaper alternatives are available – your children could go to a local community college for two years at a very reasonable cost, and then transfer to a four-year school.
If you have an interest in looking up obscure holidays and celebrations, you will find that August 16th is National Roller Coaster Day. As you know, a roller coaster is used as a metaphor for many areas of life – including the financial markets. As an investor, what can you learn from this thrill ride?
Here are a few suggestions:
Alaska is one of a handful of U.S. states to launch a go-to website aimed at keeping ocean acidification in the public eye.
The Alaska Ocean Acidification Network, a collaboration of state and federal scientists, agencies, tribes, conservation, fishing and aquaculture groups, went live last month. Its goal is to provide a forum for researchers to share their findings, and to connect with coastal residents concerned about future impacts on their communities.
Ocean acidification (OA) is caused by the ocean absorbing excess carbon dioxide (CO2) from the atmosphere, generated primarily from the burning of fossil fuels for energy. The off-kilter chemistry causes the seawater to become corrosive, making it tough for marine creatures to grow scales and shells.
Two big fish stories have been spawned so far by the 2016 Alaska salmon season: 1) sockeyes save the day; and 2) colossal pinks.
A larger than expected sockeye salmon catch that has topped 50 million will salvage a summer that has seen lackluster catches of other salmon species, notably, those hard to predict pinks.
“I think if you’re a Bristol Bay fisherman, you’re probably pretty happy, and if you fished anywhere else in the state, it probably hasn’t been a great season for you,” said Forrest Bowers, deputy director of commercial fisheries at the Alaska Department of Fish and Game.
by Edward Jones Matthew North Financial Advisor Next week, the 2016 Summer Olympics begin in Rio de Janeiro. One of the most compelling events is the marathon, a 26.2-mile endurance contest with roots dating back to ancient Greece. It may be that we’ve kept our interest in the marathon because it can teach us much […]
If you’re a small-business owner, you think a lot about today. Is your cash flow sufficient … today? Are your products and services competitive … today? Are you confident in your marketing and advertising efforts … today? And because you are so focused on today, you may be neglecting a key aspect of tomorrow – your retirement. Specifically, do you have a good retirement plan for yourself?
Next week, we observe the 4th of July with sparklers, picnics and parades. And living in a country that offers so much freedom, we have a lot to celebrate. But on a more personal level, you may still be working toward another type of independence – financial independence. What can you do to speed your progress toward this goal?
It’s almost Father’s Day. If you’re a dad with young children, you can expect some nice homemade cards and maybe even a baseball cap. But, of course, your greatest reward is spending time with your kids and watching them grow. In return, you can give them a gift – the gift of knowledge. Specifically, in the months and years ahead, teach them the financial skills that can help make their lives easier and more rewarding.
You might work diligently at building a financial roadmap for your retirement years and a comprehensive estate plan. But you can’t just create these strategies – you also have to communicate them. Specifically, you need to inform your spouse and your grown children what you have in mind for the future – because the more they know, the fewer the surprises that await them down the road.
Let’s start with your spouse. Ideally, of course, you and your spouse should have already communicated about your respective ideas for retirement and have come to an agreement on the big issues, such as when you both plan to retire, where you’ll live during retirement, and what you want to do as retirees (volunteer, travel, work part time and so on).
But what you both might have let slip through the cracks are the important specifics related to financing your retirement. You’ll need to answer several questions, including these:
When will you each start taking Social Security?