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Pentagon to review report blaming JBER F-22 pilot for crash
Completed imaging project lets Web browsers 'soar' over Alaska coast
Video: NOAA puts Pribilof Islands documentary online
New encyclopedia of Tlingit language baffles Sitka elders
UAF student boycott kills popular intramural sport for semester
Published: November 6th, 2009 11:55 AM
Last Modified: November 16th, 2009 08:47 AM
Link: Newswise The U.S. paid Russia $7.2 million in gold for Alaska in 1867 -- less than 2 cents an acre. Screamin' deal, right? Wrong, says University of Iowa economist David Barker, who suggests the investment hasn't been worth it for U.S taxpayers. "Cash flow from Alaska to the federal government since 1867 has certainly exceeded the initial purchase price, but this fact is not sufficient to demonstrate the purchase was a sound financial investment," writes Barker. The feds have spent so much money on infrastructure and governing in Alaska over the past 142 years that any financial benefits the territory and state contributed to the U.S. have been vastly overrun by expenses. Barker concedes he hasn't put a value on Alaska's excellent scenery.
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Lathrop edges Chugiak in hockey tourney
Koenig's abduction makes baristas' vulnerability real
Top 30 Iditarod mushers to split $550,000 purse this year
Church-owned housing measure has its first hearing
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Police report some progress in case of missing barista
2 Barrow children left in room open to 30-below cold
School closures: S. Anchorage, Eagle River, Chugiak, Palmer
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