Alaska’s Economy Now

 Quality of Life in the MatSu Valley

(2021©donnliston.co)

 

 

The Zyprexa Papers by Jim Gottstein

First Paragraph "It was just a normal day before Dr. David Egilman called me out of the blue on November 28, 2006. The days are short that time of year in Anchorage, Alaska, and it was getting dark by mid-afternoon. Dr. Egilman told me he had been hired as an expert witness by one of the law firms representing patients who had taken Zyprexa and contracted diabetes or other metabolic problems. He wanted to know about documents relating to Zyprexa I might have. In truth, he was feeling me out to see whether I might be willing to subpoena him, so he could legally send me secret documents. These documents revealed the pharmaceutical company Eli Lilly (Lilly) had from the beginning suppressed information showing Zyprexa caused these life-threatening conditions. In addition, they showed Lilly had illegally marketed this powerful and dangerous drug for use in children and the elderly. He wanted me to then send them to Alex Berenson, a reporter for The New York Times with whom he was already working on a Zyprexa exposé." Continue Reading...

Less than a month later The New York Times began a series of front-page stories about the documents subpoenaed by Jim Gottstein, which became known as the Zyprexa Papers. A month to the day after the first of these New York Times articles, Gottstein had been hauled in front of the legendary United States District Court judge, Jack Weinstein, of the Eastern District of New York in Brooklyn. Although Mr. Gottstein believed he obtained the Zyprexa Papers legally, Judge Weinstein decided he had conspired to steal the documents, and Lilly threatened him with criminal contempt charges. The Zyprexa Papers by Jim Gottstein is a riveting first-hand account of what really happened, including new details about how a small group of psychiatric survivors spread the Zyprexa Papers on the Internet untraceably. All of this within a gripping, plain-language explanation of complex legal maneuvering and his battles on behalf of Bill Bigley, the psychiatric patient whose ordeal made possible the exposure of the Zyprexa Papers.

Alaska’s Mental Health Crisis Predates Statehood

Editor's Note: Read about how the Law Project for Psychiatric Rights (PsychRights) and Alaskan Public Interest attorney, Jim Gottstein took on the State of Alaska AND Big Pharma and Won!


Edna DeVries was elected mayor of the MatSu Borough November 2 and will take over as chief executive of the most economically vibrant region of Alaska.  

 

Edna DeVries, Mayor of MatSu Borough

.As a precursor to the election on October 20 Alaska Department of Labor and Workforce Development (AKLWD) Economist, Neal Fried, presented his annual overview of the MatSu economy to my Susitna Rotary Club.

 Fried’s assessment was optimistic.

 

The Zyprexa Papers by Jim Gottstein

First Paragraph "It was just a normal day before Dr. David Egilman called me out of the blue on November 28, 2006. The days are short that time of year in Anchorage, Alaska, and it was getting dark by mid-afternoon. Dr. Egilman told me he had been hired as an expert witness by one of the law firms representing patients who had taken Zyprexa and contracted diabetes or other metabolic problems. He wanted to know about documents relating to Zyprexa I might have. In truth, he was feeling me out to see whether I might be willing to subpoena him, so he could legally send me secret documents. These documents revealed the pharmaceutical company Eli Lilly (Lilly) had from the beginning suppressed information showing Zyprexa caused these life-threatening conditions. In addition, they showed Lilly had illegally marketed this powerful and dangerous drug for use in children and the elderly. He wanted me to then send them to Alex Berenson, a reporter for The New York Times with whom he was already working on a Zyprexa exposé." Continue Reading...

Less than a month later The New York Times began a series of front-page stories about the documents subpoenaed by Jim Gottstein, which became known as the Zyprexa Papers. A month to the day after the first of these New York Times articles, Gottstein had been hauled in front of the legendary United States District Court judge, Jack Weinstein, of the Eastern District of New York in Brooklyn. Although Mr. Gottstein believed he obtained the Zyprexa Papers legally, Judge Weinstein decided he had conspired to steal the documents, and Lilly threatened him with criminal contempt charges. The Zyprexa Papers by Jim Gottstein is a riveting first-hand account of what really happened, including new details about how a small group of psychiatric survivors spread the Zyprexa Papers on the Internet untraceably. All of this within a gripping, plain-language explanation of complex legal maneuvering and his battles on behalf of Bill Bigley, the psychiatric patient whose ordeal made possible the exposure of the Zyprexa Papers.

Alaska’s Mental Health Crisis Predates Statehood

Editor's Note: Read about how the Law Project for Psychiatric Rights (PsychRights) and Alaskan Public Interest attorney, Jim Gottstein took on the State of Alaska AND Big Pharma and Won!


The Zyprexa Papers by Jim Gottstein

First Paragraph "It was just a normal day before Dr. David Egilman called me out of the blue on November 28, 2006. The days are short that time of year in Anchorage, Alaska, and it was getting dark by mid-afternoon. Dr. Egilman told me he had been hired as an expert witness by one of the law firms representing patients who had taken Zyprexa and contracted diabetes or other metabolic problems. He wanted to know about documents relating to Zyprexa I might have. In truth, he was feeling me out to see whether I might be willing to subpoena him, so he could legally send me secret documents. These documents revealed the pharmaceutical company Eli Lilly (Lilly) had from the beginning suppressed information showing Zyprexa caused these life-threatening conditions. In addition, they showed Lilly had illegally marketed this powerful and dangerous drug for use in children and the elderly. He wanted me to then send them to Alex Berenson, a reporter for The New York Times with whom he was already working on a Zyprexa exposé." Continue Reading...

Less than a month later The New York Times began a series of front-page stories about the documents subpoenaed by Jim Gottstein, which became known as the Zyprexa Papers. A month to the day after the first of these New York Times articles, Gottstein had been hauled in front of the legendary United States District Court judge, Jack Weinstein, of the Eastern District of New York in Brooklyn. Although Mr. Gottstein believed he obtained the Zyprexa Papers legally, Judge Weinstein decided he had conspired to steal the documents, and Lilly threatened him with criminal contempt charges. The Zyprexa Papers by Jim Gottstein is a riveting first-hand account of what really happened, including new details about how a small group of psychiatric survivors spread the Zyprexa Papers on the Internet untraceably. All of this within a gripping, plain-language explanation of complex legal maneuvering and his battles on behalf of Bill Bigley, the psychiatric patient whose ordeal made possible the exposure of the Zyprexa Papers.

Alaska’s Mental Health Crisis Predates Statehood

Editor's Note: Read about how the Law Project for Psychiatric Rights (PsychRights) and Alaskan Public Interest attorney, Jim Gottstein took on the State of Alaska AND Big Pharma and Won!


 

 * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *    Must Read Alaska presented a very good overview of these election results on November 3: Election
results: Conservatives sweep Mat-Su Valley elections for a mandate – Must Read
Alaska

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * 

I wrote about Fried’s previous popular presentation, in October of 2020, when it was mostly a review of the devastating economic results of the Covid Virus. That story provides perspective given continued upward economic trajectory of the MatSu area since then.[1]

Read about MatSu Food Bank here: https://donnliston.co/2021/07/feeding-alaskans-in-mat-su.html

By contrast, the Municipality of Anchorage Assembly further depresses the economy with aggressive denial of the voter’s will—demonstrated by electing David Bronson as Mayor—with continued lockdowns, and soap opera fear mongering at assembly meeting spectacles. I have also written about this contrast between valley and Anchorage approaches to Covid mitigation.[2]

So, smart money is moving to the valley.  

According to statistics from AKLWD, nearly 60 percent of Alaskans who live in the MatSu Valley also work at jobs there, with 30 percent of valley residents working in Anchorage. This writer has driven this commute going the opposite direction of Valley-to-Anchorage cars during rush hours over more than four years. In mornings and evenings I saw a steady and continuous line of traffic.

 

 

 The profile of where Mat-Valley residents work has not changed much over last year’s AKLWD findings, but unemployment claims have declined.

 People in the valley are working!

 

And, while Alaskans who have year-round jobs are mostly able to retain them, overall we remain among the bottom of states that have recovered economically from the Covid Pandemic. According to Fried we are more similar in our economic profile to Louisiana than any other state.

 

 

 

Read Alaska Chalet BNB story here: https://donnliston.co/2021/02/the-best-thing-about-being-in-anchorage.html

 

Economic Indicators

One indicator of the strong MatSu Valley economic position is home sales. The first two quarters of 2021 are already approaching the record high levels of 2020.

 

 

 

Read Cozy Interiors Story Here: https://donnliston.co/2021/01/destiny-happens.html

 

We can also see from this indicator that by having the State of Alaska subsidize the Juneau economy with the state capital located there, housing costs are disproportionate from the rest of Alaska. Southeast Alaska continues to lose population, while MatSu attracts residents who cherish the country lifestyle and wholesome community life. 

 

 

Residential Vacancy Rates are trending upward as supply increases ahead of demand. This is how a vibrant economy looks. It has resulted in a drop of residential building permits there from the peak in 2006.

 

Affordability is also increasing overall.

 For those who want to stay in Alaska, however, housing upgrade opportunities exist as the overall market becomes more affordable.

 

 

 Alaska’s population dynamic in the Mat-Su is in constant change.

 

And although the population is growing, net migration is falling for the first time.

 

Read Sheldon Air Service story here: https://donnliston.co/2021/08/what-would-don-and-roberta-sheldon-have

 

Still Alaskans continue to move from Anchorage to MatSu in greater numbers than those moving from the valley to Anchorage. Obviously, many feel the 30+ mile drive to work each way is worth it.

 

 

 Overall, people are moving out of Alaska at a greater percentage than people moving out of any state in the nation.

 

 

 One year ago at this time employment on the Prudhoe oil development was holding. It has fallen since then as the price of oil continues to rise. At his presentation last year Fried expressed hope that the price of
oil would stabilize at around $40 per barrel but the November 2020 election and immediate attack on fossil fuels by the Joe Biden Administration has caused price to nearly double
 

Americans are paying at the pump. Alaska is gaining increasing State income from inflated gas prices.

 

Some are saying our Permanent Fund may reach $100 Billion by the end of the year. That has not stopped elected legislators from trying to minimize Permanent Fund Dividend payments to pay for more government. As the price of oil continues to go up the arguments against statutory PFD Payments become harder to make.

Alaskans understand what it is like to live in an inflated economy. Transportation costs impact everything we buy from other states and abroad. But result of this political whiplash has been dramatic for Alaska. Deflation in 2020 bounced back to 5.7 percent inflation to our economy.

 Everything is becoming more expensive.

 

Of course, our Covid-anemic tourism industry is something dangled as a hopeful potential.

 

Alaska is losing population.

Our Alaska economy is fragile. As the economic epicenter of the state, MatSu Valley voters have elected a strong conservative delegation and expect elected officials to follow the law and minimize gamesmanship in
Juneau. 
 

The games in Juneau have become too expensive.

 References:

 [1] Our Economic Sweet Spot: The Mat-Su Valley

https://donnliston.co/2020/10/alaskas-economic-reality

 

[2] Alaska’s Pandemic Battle

https://donnliston.co/2021/02/ship-of-fools-fights-covid-19-at

 

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