The Municipality at the heart of Alaska
Global stocks have rallied this month after officials reported progress in talks to reopen the Strait of Hormuz, and a string of strong corporate earnings has bolstered investor sentiment. Treasuries and oil prices have fallen as traders pare back expectations for near-term Fed hikes; strategists warn valuations and one-off earnings boosts limit further upside.
The Federal Reserve has kept the benchmark rate steady in a nine-to-three vote, amid persistent inflation above the 2% goal. Dissenters argue for earlier tightening, while others urge patience; investors await July inflation data to gauge the path for policy.
The White House has told Federal Reserve Governor Adriana Cook that the president is "considering" removing her and has given her until Aug. 26 to answer mortgage-fraud allegations. The letter, signed by Dan Scavino and dated Aug. 5, revives claims first raised in 2025 after the Supreme Court this year blocked an earlier firing attempt.
A Piper PA-24 has crashed into Seldovia Slough after departing Anchorage, killing the pilot and three passengers. State troopers recovered four bodies after waiting for the tide to recede; the wreckage rested in about 15 feet of water. The NTSB and FAA have opened an investigation; officials have identified the pilot and passengers and sent remains to the state medical examiner.
Alaska’s primary has reshaped the general elections, with Dan J. Sullivan secured a spot in the Senate race amid questions about ballot naming and party alignment. Mary Peltola and Dan S. Sullivan are leading the Senate race, while Nick Begich and Bill Hill vie for other key contests. The primary results hinge on ranked-choice counting and post-election counting.
Derek Parker Aghnaanga has survived after clinging to the top of a capsized skiff for more than two days near St. Lawrence Island. His older brother and a cousin died after the boat capsized during a halibut trip. Coast Guard and Northwest Explorer crews coordinated a rescue; the survivor is recovering with his family in Nome.
Philadelphia District Attorney Larry Krasner and an aide have been referred for investigation over testimony alleging pressure on staff in a 2009 murder case. A federal judge ordered removal from the Johnson case and flagged potential misconduct by Krasner and Stiegler. Alaska prosecutors say voter-misconduct charges could not be proven beyond a reasonable doubt.
Mail-delivery delays and a vandalism incident have affected ballots in Alaska and Utah. A Utah suspect has pleaded not guilty after tossing ballots; Alaska faces late-postmark issues and a plan to reroute absentee ballots to improve processing ahead of elections.
Leaders are invited to a December G20 summit in Miami, with Putin potentially attending. Rubio says the invitation aims to foster dialogue, while Moscow signals consideration. Reactions from Europe warn of risks to peacemaking amid Russia’s war in Ukraine.