Did you know that National Grandparents Day is less than a week away? While this “Day” is not as widely known as Mother’s Day or Father’s Day, it is nonetheless important, as it recognizes the key role that grandparents play. If you are a grandparent yourself, you might expect some cards or phone calls or emails from your own grandchildren – but you will probably experience even greater enjoyment in the gifts you can give them. If you’re thinking of making a financial gift, consider your options carefully.
Bering Sea crabbers were stunned last week when the outlooks for the upcoming fall and winter fisheries were revealed.
Results of the annual summer surveys by state and federal scientists showed that numbers of mature male and females dropped sharply across the board for the big three: opilio (snow crab), their larger cousins, bairdi Tanners, and red king crab.
Wheels are already in motion to provide two measures of relief for Alaska’s pink salmon industry, which is reeling from the lowest harvest since the late 1970s.
Representative Louise Stutes (R-Kodiak) began the process last week to have the Walker Administration declare the pink salmon season a disaster, which would allow access to federal relief funds.
Pinks are Alaska’s highest volume salmon fishery and hundreds of fishermen depend on the fish to boost their overall catches and paychecks. So far the statewide harvest has reached just 36 million humpies out of a preseason forecast of 90 million. That compares to a catch of 190 million pinks last summer.
Next week, we observe Labor Day, a celebration of the American worker. And there’s a lot to celebrate, because our workers have accomplished great things and, in the process, demonstrated a variety of impressive character traits – many of which also can be useful to investors.
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 […]