When the lights went out – Alaska’s great recession

Less than ten years after oil started flowing, Alaska’s economy cratered. The recession was quick and deep. Ten banks failed, real estate values plummeted and tens of thousands of people fled the state. It was Alaska’s great recession, 20 years before the rest of the country went through almost the same thing.Eating out wasn’t just a quick bite for Pete Zamarello. It was a sacred time when dreams were sketched in notebooks. He amassed an empire over plates of Italian or Mexican