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Money, money, money

Posted: August 11, 2011 - 9:49pm

Recently, a nurse friend told me how she was never going to retire because of the money she lost in the stock market. I am constantly receiving emails from investment groups, telling me how to make money in these volatile economic times. It is always about money and our love of it.

Alaskans follow this general love of money. We have $44 billion invested in our permanent fund. The primary focus is about making money. Do we care about what companies we invest in?

Exxon Mobil — $162 million invested. Do we care what they did to Alaska’s environment and people? No, as long as they make money for us. BP — $53 million invested. Do we care what they did to Alaska’s environment or the destruction in the Gulf of Mexico last year? No, as long as they make money for us. GE — $71 million invested. Do we care they paid no federal income tax last year? No, as long as they make money for us. The “banks too big to fail” — $295 million invested. Do we care what they did to the global economic system? Do we care about their control of Washington, D.C.? No, as long as they make money for us.

These mega-corporations understand they can do anything, as long as they deliver what we the people love most — money.

Alaska is at a pivotal time in our history. We the people must build a large volume gasline to the Port of Valdez for the future of all Alaskans.

The choice is ours. What do we love the most, our money or our future?

Ray Southwell

Nikiski

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