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Alaskan Governor Bill Walker Announces Plan for Addressing Deficit

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Screenshot Taken on December 9, 2015.  Credit: KTVA Alaska

Screenshot Taken on December 9, 2015. Credit: KTVA Alaska

Alaska’s state finances have been haunted by chronically low oil prices. Alaskan Governor Bill Walker (I) issued a long presser describing plans for trying to plug the state’s US$ 3 billion some-odd deficit. Governor Walker proposes reshuffling earnings from the Alaska Permanent Fund, modifying the oil tax credit system, introducing personal state income taxes and changing the ways fund dividends are paid. Walker’s plan involves creating a sovereign wealth fund which would oversee various state assets into a new entity. Under his plan, the amount of oil royalty revenue would double into the fund, combined with lowering the Permanent Fund Dividend. This fund would act as a fiscal stabilizer against the state’s fiscal budget.

Follow the Money – Episode 45

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This longer-than-normal episode covers a wide range of issues including such as sovereign wealth funds, bitcoin, cryptocurrencies, Indian real estate, ESG, investment exclusions, central banking and more.

EPISODE 45

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The views in this media are expressed by Michael Maduell and other participants and are not reflective of the Sovereign Wealth Fund Institute (SWFI).

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CalPERS Board Elects Priya Mathur as Board President

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The board of the California Public Employees’ Retirement System (CalPERS) elected Priya Mathur as board president. The current president Rob Feckner was named vice president of the board. Feckner previously served as board president and vice president.

Priya Mathur is serving her fourth term on the CalPERS Board of Administration. Mathur is a principal financial analyst for Bay Area Rapid Transit District (BART). Mathur represents public employees on the CalPERS Board, which she joined in 2002. She currently serves on four committees: Governance, Investment, Pension & Health Benefits, and Risk & Audit. She chairs the Pension & Health Benefits Committee and is vice chair of the Governance Committee.

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Oman SGRF Contemplates $1 Billion Infrastructure Fund

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Oman’s State General Reserve Fund (SGRF) is in discussions on forming a US$ 1 billion infrastructure fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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