15 years ago this week
Biggest dividend yet!
The 1996 Alaska Permanent Fund Dividend amount was announced: $1,130.68 — a new record.
The reason for the large amount was heavy investment in a good stock market, according to Fund director of communications Jim Kelly.
“It’s a terrific stock market,” Kelly said in the Sept. 26, 1996 edition of the Star. “It’s a nice way to begin our 20th anniversary.”
Kelly said the Permanent Fund’s total value was about $17.6 billion.
Editor’s note: As of July 31, 2011, the Fund’s assets totaled $40.7 billion.
McDonald’s robbery suspect arrested
Police arrested Edward L. Bailey, 24, in connection with a robbery the week before at the Eagle River McDonalds.
Bailey was arrested after police spotted him on a surveillance camera at a nearby gas station the same morning the restaurant was robbed. Police said they believe Bailey had intended to rob the gas station, but changed his mind when customers walked in.
The clerk at the McDonalds identified Bailey from a photo lineup.
Student allegedly assaults bus driver
A Laidlaw school bus driver said she was assaulted by a 17-year-old student after an altercation over a soda bottle.
According to police, Sherlyn Diane Bates was driving the bus from Eagle River to Anchorage when she told a student he couldn’t have a the soda bottle on the bus. He said he’d rather get off, and when he got up to leave, Bates said she blocked him with her arm, after which point the boy allegedly kicked her elbow with his knee.