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The debate of whether to drill for oil in the Arctic National Wildlife Refuge (ANWR) has been an ongoing issue in the country since 1977. As of 2017, the Republicans were successful in opening up drilling with the passage of the Tax Cuts and Jobs Act of 2017. If the Trump Administration completes its review, an auction for drilling leases could happen by the end of the year. However, indigenous groups are trying to fight this possibility, claiming the drilling threatens their way of life. Leasing in ANWR was blocked for four decades prior to this. According to Energywire, the oil-dependent state has suffered from the industry's decline, and waning production on the North Slope threatens the Trans-Alaska Pipeline System (TAPS) with a dwindling amount of oil that could fall below the minimum threshold to move. TAPS is both practically and symbolically central to the crude industry of Alaska.Sen. Lisa Murkowski (R) told Enerygywire in 2017, “Alaskans can now look forward to our best opportunity to refill the Trans-Alaska Pipeline System, thousands of jobs that will pay better wages, and potentially billion in royalties for our state alone."However, indigenous groups continue to fight to protect ANWR, not only for their way of life, but for the animals as well. “I am part of a long line of people born into Gwich’in nation of Fort Yukon, Alaska,” says Bernadette Demientieff, an outspoken activist against the drilling.The Gwich’in are comprised of 14 different communities of about 9,000 people. Demientieff is from Fort Yukon, Alaska, which is just south of ANWR. She lives in Fairbanks, Alaska now, but keeps to her indigenous roots with her family. “We pick berries every summer,” Demientieff says, while cleaning blueberries with her daughter. “It’s something our ancestors did and survived off. So, it’s something that has been handed down to us. It’s part of our culture and history, and it’s important we pass that knowledge and education to the next generation.”Demientieff advocates against the drilling in the refuge, because that’s where the Gwich’in’s main source of food breeds.“We do not worship the caribou, but we hold them to high standards,” she says. “The caribou has sustained the Gwich’in for thousands of years. They’ve taken care of us for thousands of years. Now, it’s our turn to take care of them. Gwich’in have always taken care of the land – we are stewards of the land. So, if something happens to the land it happens to the animals, then it happens to us.” Fort Yukon consists of about 800 people according to the second Chief Mike Peter. “The wild life refuge is where life begins,” Peter says. “Not even a footprint is in there, that’s where caribou migrate and have their calves. People still do hunt and fish and live off the land, and if drilling were to happen it would hurt us all.”The arctic caribou population has declined by half since the 90s, from around 4 million to 2 million. The Gwich’in fear this development would decrease this number even more. “This is the remaining caribou,” Dementieff says. “You know the rest of the arctic is opened to oil and gas development, and all the caribou population have declined in that area. And they can’t tell us that our food security is going to be impacted when we see different."ANWR posses what many geologists believe is the biggest untapped oil field remaining in the country, with economic potential in the billions. The development could create tens of thousands of jobs in the first decade, and it has potential of making the country more energy dependent. The effort could keep the state’s economy alive as well. However, the Gwich’in believe the cost of wildlife and their way of life is too high. “We are not going to give up,” Dementieff says. “We’re going to continue to go to the decision makers in DC.” 3839

The Dow fell 460 points Friday as a leading indicator of a US recession and concern about a global slowdown spooked investors.The index shed 1.8%, while the S&P 500 closed down 1.9%. The Nasdaq plunged 2.5%. It was the worst performance for all three major indexes since January 3.The yield on 3-month Treasuries rose above the rate on 10-year Treasuries for the first time since 2007 — a shift that scared Wall Street. Investors have piled back into stocks after a sell-off in late 2018.The flattening yield curve, or the difference between short- and long-term rates, has worried investors for months. A narrowing spread is typically seen as sign that long-term confidence in the economy is waning, which could signal an eventual economic contraction.Friday's flip added to pressure on the Dow that was building before US markets opened.The index stumbled at the bell on poor manufacturing data from Germany, which also spelled trouble for the country's bond market. The yield on Germany's benchmark 10-year government bond fell below zero for the first time since October 2016.All of that news is fueling Wall Street's ongoing concerns about slowing global growth.White House economic adviser Larry Kudlow told CNBC last year that the spread between 3-month and 10-year Treasury yields was important to watch."It's actually not 10s to 2s; it's 10s to 3-month Treasury bills," Kudlow 1402

The Dow Jones Industrial Average closed down more than 800 points on Tuesday — a day after the Dow dropped more than 1,000 points in the biggest single-day loss of 2020.The Dow finished Tuesday down 878 points, marking the fourth-largest one-day drop in the market's history. Fears about the worldwide spread of COVID-19, better known as coronavirus, have prompted a slowdown in global markets. The CDC compounded fears of the spread of the disease Tuesday when it said that Americans need to prepare for "significant disruptions" to their daily lives."Ultimately we expect we will see community spread in this country," CDC Director of Immunization and Respiratory Diseases Dr. Nancy Messonier. said. "It’s not so much a question of if this will happen anymore, but rather more a question of exactly when this will happen and how many people in this country will have severe illness."The two-day drop has wiped out all year-to-date gains the Dow has made since the new year began.The loss also comes hours after President Donald Trump attempted to assuage fears of a global economic slowdown. Speaking at a press conference in India, Trump claimed that his administration would prevent the spread of the virus. "I think it's going to be under control and it's going to work out fine," Trump said. 1309

The coronavirus pandemic has had an unexpected side effect in Venice—where the normally cloudy canals have transformed into water crystal clear enough to see fish swimming below. https://t.co/qrr8iphSPd pic.twitter.com/37H7iiB09Y— ABC News (@ABC) March 18, 2020 274

The Colorado-based burrito chain Illegal Pete’s has been up and running for over two decades, and the company now has nearly a dozen locations. “[Business has] been great for us,” said the chain’s founder Pete Turner.And it got even greater, Turner says, after an epiphany of sorts a few years ago. He thought to himself, “’What can this business be?’ And really, who is the face of the business? It’s the employees.”In 2015, Turner made a pledge—one that was practically unheard of at the time—to raise the minimum wages of his employees from an hour to . His plan was to increase pay gradually over three years.This month, that wage goes into effect.“Our employees are going to be able to live more comfortably [and have] fulfilled lives.,” he says. “They’ll be able to be more engaged in their job.”Employees like Kristina Keeling, who works in an entry-level position at Illegal Pete’s, says she knows firsthand how big of a difference those extra few dollars an hour make.“If I am surviving better in the world, then I’m going to come to work feeling a little bit better,” Keeling said. “Maybe feeling a little more positive about the world and I think I can give that and share that with the customers as well.”The federal minimum wage hasn’t changed since 2009, and it still sits at .25 an hour. However, many states have raised it on their own. Now, the nation is a hodgepodge of wages, and in some cases, large companies are now leading the way. Amazon, Target and Disney have announced they’ll pay employees an hour. However, critics argue small businesses will suffer if forced to pay an hour. The result may be to lay off workers or reduce hours.But Leo Gertner, with the National Employment Law Project, says when it’s done slowly, it works.“All of these changes have been extremely gradual,” Gertner explains. “Cents over time, and companies have been able to absorb the costs, including small businesses.”That’s how things are done at Illegal Pete’s. Turner’s mantra: make a slow buck, not a quick one.“It’s just nice to know we’ve got, let’s say, 380 people in Colorado that are able to live the lives they want to, go to school, grow in this company, get married, have kids, buy a house, and still work here,” Turner says. 2272

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