Economy
A land exchange between Aleut Corp., the U.S. Navy, and the Department of the Interior has transferred most of the naval facilities to the Aleut Corp. A portion of the Island will remain within the National Maritime National Wildlife Refuge, managed by U.S. Fish & Wildlife. Adak currently provides a fueling port and crew transfer facility for foreign fishing fleets—an airport, docks, housing facilities and food services are available. A grocery and ship supply store and restaurant opened in February 1999. Aleut Corporation maintains the facilities. Contractors are performing an environmental clean-up. Alaskan-owned Norquest-Adak Seafood Co. processes Pacific cod, pollock, mackerel, halibut, albacore and brown king crab. Four residents hold a commercial fishing permit, primarily for groundfish.
The January 2006 National Geographic magazine presented pictures of the Sea-based X-band Radar in tow around Cape Horn to Adak for the purpose of anti-ballistic missile space surveillance. This operation required about one hundred technicians. Google Earth pictures the long-time Naval Air Base infrastructure to be located at 51°52′37.07″N 176°38′55.00″W / 51.8769639°N 176.64861°W / 51.8769639; -176.64861.
Read more about this topic: Adak Island
Famous quotes containing the word economy:
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)