Friday’s Fast Five

Top Story of the Week

This week state economist Caroline Schultz said that Alaska is in a recession, which likely began at the end of 2015. One of the most notable aspects is the job loss across all sectors, especially the oil and gas industry which lost 2,384 jobs, with the losses accelerating from January through June of this year, for an average loss of 16.4 percent.

Top Reads of the Week

This is what Russia’s new foreign policy strategy says about the Arctic
The Barents Observer, Atle Staalesen, December 2, 2016
The document, a guiding strategy for the country’s relations with the abroad, warns against an aggravation of international relations in the Arctic.

BlueCrest Gets A Break From The State On $30 Million Loan
KBBI, Rashah McChesney, December 6, 2016
A state corporation has agreed to change the terms of a multi-million dollar loan to a Cook Inlet oil company. Texas-based BlueCrest asked for the loan modification to help the company deal with construction delays and the loss of oil tax credit payments from the state.

Groups in Alaska divided over possibility of Pruitt as new head of EPA
KTUU, Travis Khachatoorian, December 7, 2016
NBC News reports, sources close to Trump expect him to announce Oklahoma attorney general Scott Pruitt as his nomination to head the EPA.

Quote of the Week

“It’s sort of like a murder mystery — you know — a paperback book,”– David Houseknecht, US Geological Survey