Tag Archive | "Economy"

GovAbercrombieBug

Governor announces $1.1B fiscal turn-around

MEDIA RELEASE Gov. Neil Abercrombie has announced the State of Hawaii ended fiscal year 2013 with a positive fund balance of $844 million. The state’s positive balance marks a $1.1 billion turn-around since the governor took office. The announcement was made before a group of business executives at a Chamber of Commerce of Hawaii luncheon […]

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TulsiGabbardBug

Gabbard: Banking system still at risk

MEDIA RELEASE Rep. Tulsi Gabbard released the following statement Tuesday regarding the five-year anniversary this week of the financial crisis: “Five years ago this week, our nation was shaken by the worst economic crisis since the Great Depression. The livelihoods of hard-working families were put at risk and, since 2008, millions of Americans have lost […]

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Impact of marriage equality on economy, government

MEDIA RELEASE The U.S. Supreme Court’s decisions in the two same-sex marriage cases have substantially increased the short-term and medium-term benefits that could accrue to Hawaii if the state Legislature enacts legislation allowing same-sex marriages to begin in Fall 2013 or early in 2014. The UH Economic Research Organization released this info: The U.S. Supreme […]

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GovAbercrombieBug

Governor’s statement regarding Obama’s remarks on early education, economy

MEDIA RELEASE In a speech Wednesday at Knox College in Galesburg, Ill., President Barack Obama stated that an education preparing the nation’s children and workers for global competition is a cornerstone of a strong middle class. The president also reaffirmed his commitment to make high-quality preschool available to every four-year-old in America and to spur […]

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GovAbercrombieBug

Governor encouraged by Council on Revenues forecast

MEDIA RELEASE Gov. Neil Abercrombie has responded to the state Council on Revenues (COR) forecast revisions that included an increase to its previous projection for 2013 General Fund tax revenues from 5.1 to 6.7 percent growth and additional increases over the next two years. Also, for 2014, the forecast for revenues was upgraded to 7.3 […]

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SenBrianSchatzBug

Schatz: ‘Buffett rule’ could spare Hawaii pain

U.S. Sen. Brian Schatz | Special to Hawaii 24/7 The American people are losing faith in their Congress to take care of business — specifically to agree on a reasonable plan to reduce the federal deficit. The biggest priority in front of us right now is to get past the political battles and replace the […]

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HVNP creates $97M in local economic benefit

MEDIA RELEASE A National Park Service report for 2011 shows the 1,352,123 visitors to Hawaii Volcanoes National Park spent $96,990,000 in communities surrounding the park. This spending supported 1,177 jobs in the local area. “The data is exciting, for the park and for our island communities, which have always understood the positive fiscal impact of […]

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UHEROBug

UHERO: Expansion shifts into higher gear

MEDIA RELEASE 2012 marked a transition to healthier growth. Room for rapid tourism gains is now limited, but other sectors will pick up the pace.  By now we all know that 2012 was a banner year for Hawaii tourism. By some measures, it was also the most positive year for the broader economy since […]

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StateSealBug

Governor pleased with Council of Revenues forecast

MEDIA RELEASE Gov. Neil Abercrombie approves of the Council of Revenues forecast revisions for FY14 and FY15, which are consistent with the Abercrombie Administration analysis of the overall economy. The tourism economic sector is performing strongly, state unemployment rates continue to decline, and other sectors such as construction are showing signs of improvement. “I am […]

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MazieHironoBug

Hirono: I’m fighting for the middle class

From the office of Rep. Mazie Hirono: The Department of Labor has announced 163,000 jobs were added in July. That’s the 29th straight month that private sector jobs have been created—for a total of 4.5 million. While these are encouraging signs that our economy continues to recover, it’s clear there are too many in Hawaii […]

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CongressionalResearchServiceBug

Federal analysis of wealth distribution, 1989-2010

Summary of Congressional Research Service report presented by Linda Levine | Specialist in Labor Economics The distribution of wealth (net worth) across households has been an underlying consideration in congressional deliberations on various issues, including taxation and social welfare. This report analyzes the change over time in the concentration of net worth (assets minus liabilities) […]

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GovAbercrombieBug

State ends fiscal year with positive balance

MEDIA RELEASE With signs of a strengthening economy, Gov. Neil Abercrombie on Thursday announced the State of Hawaii is on track in its goals toward economic recovery and sustainability. The Governor was joined by Budget & Finance (B&F) Director Kalbert Young and Department of Taxation (DOTAX) Director Fred Pablo in announcing that the State has […]

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SenAkakaBug

Akaka questions Bernanke on improving economy

MEDIA RELEASE U.S. Sen. Daniel K. Akaka questioned Federal Reserve Chairman Ben Bernanke on Tuesday at a hearing of the Senate Committee on Banking, Housing, and Urban Affairs on the Fed’s Semiannual Report to Congress. Akaka noted Hawaii posted record tourism numbers in May and that spending by foreign visitors is rising. Bernanke agreed with […]

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Natural Energy Laboratory Hawaii Authority also provides 583 jobs

UH analysis shows NELHA adds $87.7M to state economy

Natural Energy Laboratory Hawaii Authority also provides 583 jobs

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