Posts Tagged ‘retail frenzy’

Alaskans reap boom – and bust – from oil

October 21st, 2008

Anchorage, Alaska – The oil price spike has brought the best of times and worst of times in Alaska.
In the state’s urban metropolis, a retail frenzy is under way as merchants compete for the extra $3,269 that landed on Sept. 12 in residents’ bank accounts. The money is from the normal annual dividend paid by [...]