14.10.2008 - Permanent Fund, oil income stung by financial quagmire
From Adn.com: The world financial crisis is hitting Alaska with a one-two punch, as the Permanent Fund has shriveled in value by one-quarter -- falling $10 billion in all -- and oil prices plunge amid fears of a global recession. But state officials aren't particularly nervous. Legislators say the price of oil is still comfortably above the state's break-even point. And Permanent Fund managers say they plan to ride out the market swing without changing course on their investments..... Full Article: Source