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Sovereign Wealth Funds Briefing - Categorized | Market

Fairbanks merchants soak up Permanent Fund cash

Posted on 12 October 2009

From Newsminer.com: Compeau’s was fully staffed on Saturday with salesmen ready to sell boats and snowmachines, even though there wasn’t a snowflake in sight and moose hunting season is long over.

It’s no accident. Saturday marked the first weekend after $1,305 Permanent Fund Dividend checks were deposited into Alaskans’ bank accounts. Or, as it’s known in the snowmachine business, Early Christmas…………………..Full Article: Source

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