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Daily Sitka Sentinel from Sitka, Alaska • Page 7

Location:
Sitka, Alaska
Issue Date:
Page:
7
Extracted Article Text (OCR)

New TV Station On Air in Sitka By Sentinel Staff Sitka has a new community televi- Ision station. The station, KSCT-TV, began broadcasting Dec. 9 over cable channel 41. It "offers Sitkans the opportunity to appear on television and to advance community organizations by promoting non-profits, businesses and outstanding citizens in the communi- said General Manager Dan Etulain. The core of current programming is die daily Sitka Spotlight, which fea- Lodge Weckdrjan.2.6 Served MONDAY: Boiled Shrimp Baskets, Taco Boats, Philly Sandwich, Cheeseburgers.

TUESDAY: Uver Onions, Fried Ham, Mashed Potatoes Gravy and Salads WEDNESDAY: Pork Chops, Scalloped Salads BeefStroganoff on Noodles v-and Salads Sandwiches, Masjied Potatoes Gravy and Salads '7 Elks invited Guests please. Boyle Chiropractic Center wishes all of you a safe holiday season! Holiday Hours: Closed Dec. 25 26 Closed Jan. 1 2 Regular Hours: M-W-Th 8-6 Tues. Fri.

8-noon Sunday 7p.m.-9p.m. 310 Erler 747-5895 tures cross-cultural programming, profiles and interviews with local organizations and individuals, Etulain said. The program, which runs from 6 p.m. to 9 p.m., highlights Chamber of Commerce information, a Rotary Club report and programs on community affairs. A Kids Klub will feature cartoons and programs of interest to children; and the Sitka TV Mall will offer a televised shopping mall, in which local businesses and individuals can tell of products and services in five-minute commercials.

Sitkans can submit family videos for broadcast and non-profit organizations can submit announcements at the station, located at 520 Lake Street. Filling out the 24-hour, schedule will be the National Empowerment Network (NET), a conservative network originating out of Washington, D.C. NET programs include Capital Watch, Dateline Washington, Direct Line, Home Business, Business Voice and programming hosted by Robert Novak and Rep. Newt Gingrich. KSCT-TV is a Fox Affiliate, Etulain said.

Other principles in KSCT-TV are David R. Rice, office manager; Will England, station manager; Thorn Buzard, vice president of marketing; and Robert Goff, production Moody's Terms Alaska's Investing Conservative By ALLEN BAKER Associated Press Writer ANCHORAGE (AP) A review by Moody's Investors Service has found the state is using conservative practices in investing the $2.5 billion in the General Investment Fund and the Constitutional Budget Reserve, according to the Alaska Department of Revenue. Information regarding the investment policies of the two funds and of the Alaska Permanent Fund was provided to Moody's, Standard and Poor's and Fitch Investors Service, said Forrest Browne of the revenue department. Moody's frequently does bond ratings for the state for a fee, but the company initiated this review and gave the state "pretty much a clean bill of health," Browne said. The review came in the wake of speculative moves by the investment pool of Orange County, which had to declare bankruptcy after billions of dollars in losses on leveraged and speculative investments.

James Dearborn, an analyst at Moody's in New York, was quoted by the department as saying that "Alaska's investment policies are consistent with the conservative practices we are finding in other states. There is no evidence of any similarities to the investment pool of Orange County." The $2.5 billion managed by Alaska's revenue department is invested in treasury securities and short-term commercial paper, said Browne. His department also is responsible for investing the money in the state's pension funds, Browne said. The state does not leverage its investment funds. Browne said, and there is no use of so-called "derivatives," the high-risk strategies such as structured notes, inverse floaters, or interest rate swaps and caps.

These methods can be used, for example, to increase an investor's gain when he correctly predicts the direction of in- TOPS to Meet TOPS (Take Off Pounds Sensibly) will meet Monday at the Nazarene Church. Weigh-in begins at 6:30 and the program will begin at 7 p.m. TOPS is open to the public. terest rates. Losses also are increased by these methods, which are somewhat analogous to options trading.

The state's biggest savings account, the $14.9 billion Permanent Fund, has a history of being very conservative and protecting principal, said Martin Pihl, the interim executive director. "There are no derivative-type investments, and no leveraged investing is allowed," he said. As of last month, nearly half of the fund--4-7 percent--was in fixed-income investments, Pihl said. That money is mostly in government bonds, with some very highly rated corporate bonds as well. Average maturity is 4 to 5 years.

The fund has 28 percent of its iota) invested in domestic stocks and 12 percent in foreign equities, Pihl said. That leaves 9 percent in real estate and 4 percent in cash and equivalents. Those figures are very close to the targets set by the Permanent Fund's board of trustees, he said. Alaska's municipalities have their own small investment pool set up by the Alaska Municipal League, said Kevin Ritchie, AML's executive director. That fund, with a separate board of trustees, contains about $30 million.

The AML fund is invested by an out-of-state company called Society Asset Management. That firm has its own local watchdog, Alaska Permanent Capital Management set up by David Rose after he left the Permanent Fund Corp. The AML fund is invested in U.S. Treasury bills, high-quality commercial paper and other safe investments, said Petter Jahnsen, vice president at Alaska Permanent Capital Management. The fund is "very conservative, very plain vanilla," said Jahnsen.

"It's pretty boring--thankfully." New Trial Ordered for Man Convicted of Rape FAIRBANKS (AP) A Superior Court judge has ordered a new trial for a convicted rapist after learning the jury talked about the defendant's drinking while deliberating his case. Judge Mary Greene said no discussion or evidence regarding alcohol was introduced in the trial of 59- year-old John Titus, who was convicted in March of first-degree sexual assault for an alleged rape in Venetie. Sentencing was postponed after Titus asked for a new trial. "In light of the evidence and the close questions presented in deciding who to believe, information regarding Titus' drinking and changed character when drunk was substantially likely to influence the vote of one or more jurors," Greene wrote. She made the ruling Dec.

26. A Jan. 5 hearing is scheduled to set a new trial date. Assistant District Attorney Gayle Garrigues, who prosecuted Titus, said the state may appeal Greene's ruling. If unsuccessful, they will take him to trial again, she said.

Garrigues said she tried have the trial moved to Fairbanks because she thought it would be difficult to find an impartial jury, but Titus wanted it held in Fort Yukon. Greene's ruling likely will affect all Fairbanks Man Demands Compensation Over Raid FAIRBANKS (AP) A man whose home was stormed by the Fairbanks SWAT team on Christmas night claims he was injured in the incident and wants the city to pay him for police brutality, plus mental and physical anguish. Fairbanks police said they believed Bill Kraus, a 37-year-old felon, was suicidal and had a gun when they broke through the back door of Kraus' home Sunday night. Police say they were acting on a report from Kraus' friend that Kraus had fired a handgun in the house. Kraus was arrested Sunday and charged with weapons misconduct arid firing a gun within city limits.

Charges were dropped the next day when police could find neither a gun nor evidence of gunshots inside the house. "I think the police reacted the way they were supposed to react, but it shouldn't have (gone) as far as it did," Kraus said. Public Safety Director Mike Pulice, who spent about $2,500 on overtime for the extra officers and dispatchers for the incident, said police did nothing wrong. "There's no doubt in my mind if we had the same conditions, we would take the same action a second, third, and fourth time," Pulice said. Police considered Kraus a significant threat to the community, Pulice said.

Kraus has a string of convictions dating back to 1977 that includes aggravated assault, resisting arrest, illegal drug possession and theft. Kraus showed purple bruises on the middle of his back, wrists, lower back and elbow three days after the incident He said police treated him more roughly than was necessary. "I'm going to try to seek some kind of compensation," Kraus said after talking about his case with a Fairbanks lawyer Wednesday. Kraus saw a nurse Tuesday for a sore back and hasn't been able to work at his tattoo business because his wrists are tender from the handcuffs, he said. Pulice said officers used necessary force.

Kraus said he had no idea police were outside his house for nearly three hours before they knocked on the back door. Depressed over a fight with his wife, said he drank too much peppermint schnapps and passed out on a couch listening to an Ozzy Os- World's Voice in Calling you enjoy paying high prices for your long distance elephone calls In state and out, DON'T READ THIS! The only renewable prepaid phone card that you can: your business Be paid back for advertising Lower your rates the more you use it Raise funds by doing a fund-raiser Make a custom card for your business We have many different types of cards for collectors also! If you want to tower your phone rates, earn some extra income, advertise your business in a new and exciting way Then Amerivox is for you. World 1 In Calling For more intaation call 747-8293 Fax 747-3685 Tim--i niiiiiiia iniwMimB. Extended Coverage AFTER AN ACCIDENT KyoL.are involved in an auto accident, you lwpwll lllia ia tt contractual requirement of your auto insurance policy. And if the accident is not your fault, it will not affect your rates.

What scrnofcnes happens, a while after an accident, is that the other not noted before. Protect yourself by reporting the crash. How many children can you safely drive in acarpool? Nomore than the number of seat belts in the car. Basic rules: kids should ride buckled up and behave properly in a car. Teach your kids to wear seat belts every time in your car or someone else's.

Get answers to insurance questions of all kinds by calling the National Insurance Consumer Helpline at 800-942-4242, from 8 a.m. to 8 i HeIplme general information and educational brochures. Or just call us. The Helpline won't provide specific rates or rating; we wiii. HAPPY HOLIDAYS FROM YOUR FRIENDS AT Stedman Insurance Agency 118 American Street 747-8618 Daily Sitka Sentinel, Sitka, Alaska, Friday, December 30,1994, Page 7 Moose Hunting Banned by Board ANCHORAGE (AP) The Federal Subsistence Board has barred subsistence hunting of moose in a stretch of federal land along the Yukon River.

The restriction prohibits hunting within half a mile of the river in Unit 2 IE during the winter season Feb. t- 10. The ruling affects areas near the communities of Paimiut, Anvik, Holy Cross and Grayling. The board said the decision would help prevent over-harvest and minimize disturbance to moose that congregate along the river during the winter. The change was favored by the Alaska Department of Fish and Game, and it brings the federal regulaiions in line with state rules for the winter season.

The federal board deferred action on fish and game's recommendation until it heard from the regional advisory councils for the affected areas. Ti board eventually adopted the recommendation of the Western Interior Regional Council, which represents a majority of subsistence harvesters using the area. Property Tax Exemptions On Persons who are 65 years of age before Jan. 1, 1995, and qualifying disabled veterans, should apply now for a properly lax exemption at City HalL Applicants must file to receive the exemption on the residence they own and reside in. Applications are available in room 106 and must be filed by Jan.

15, 1995. First-time applicants must provide proof of age or veteran disability rating, and proof of ownership before they can obtain an exemption. rural cases, Garrigues said. "I think it makes it real difficult to ever try cases in rural areas because people are going to know defendants from their community," she said. "If the people know them, then that's going to make the verdict subject to attack." Titus, a former Venetie Village Council chief and founder of a Yukon River sobriety camp, is accused of raping a woman in Venetie in April of 1993.

Greene found that during jury deliberations, several jurors mentioned that Titus was drinking the night of the alleged rape, that he was like a different man when drinking one that some members of the jury feared would rape them, according to her written opinion. Titus' case became the subject of news reports in May when it was discovered that Jack Coghill, then lieutenant governor and the Alaskan Independence Party's gubernatorial candidate, had written a letter urging the judge to release Titus to an alcohol treatment program rather than keep him in jail. Coghill said he wrote the letter because he knew of Titus as a respected Native leader. Coghill said he did not know the details of the case. borne recording.

Police negotiators tried to call Kraus constantly from 7:30 p.m. to 9 p.m. but got a busy signal or an answering machine, Pulice said. Lounge is Open The Pilot House (formerly the Canoe Club) lounge is open. The restaurant is temporarily closed while we remodel.

Come by keep an eye on the changes being made! Ken, Ron and Dee Islands Counseling Services will be offering weekly group therapy support for women girls struggling with anorexia nervosa, bulimia nervosa, compulsive exercising, The group will meet 9 a.m. to 10:30 a.m. beginning Saturday, January 7,1995. The group will be ongoing with a 2- member minimum. The cost is based on a sliding fee scale.

For sign-up information call 747-8994. Located at 1310-A Sawmill Creek Road Holidays are times for parties with family and friends. Why not celebrate with great tasting subs? A Subway Party Platter has something for everyone! OPEN NEW YEAR'S DAY! iSUBUlftV I 327 Seward 747-SUBS Fax: 747-6502 Doctor's.

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About Daily Sitka Sentinel Archive

Pages Available:
66,600
Years Available:
1940-1997