2023 US recession now expected to start later than predicted

WASHINGTON — A majority of the nation’s business economists expect a U.S. recession to begin later this year than they had previously forecast, after a series of reports have pointed to a surprisingly resilient economy despite steadily higher interest rates.

Tom Yamachika: PILOT for real property tax

In late 2021, the City & County of Honolulu’s Real Property Assessment Division inspectors took a look at several parcels of land on which solar farms and other renewable energy projects had been built. The inspectors noted that the land had been granted a super-duper low rate for agricultural use. We’re not sure of the details, but we do know that under section 8-7.3 of the Revised Ordinances of Honolulu, land that has been dedicated to agricultural use for 10 years is assessed for property tax purposes not at fair market value, but at one percent of fair market value.

Bird flu costs pile up as outbreak enters second year

OMAHA, Neb. (AP) — The ongoing bird flu outbreak has cost the government roughly $661 million and added to consumers’ pain at the grocery store after more than 58 million birds were slaughtered to limit the spread of the virus.

Tom Yamachika: Get out, evil! Stay in, good fortune!

At around this time of year, the Japanese celebrate a festival known as Setsubun. While there are regional variations on how to celebrate it, many of them involve roasted beans and an Oni, or demon. According to tradition, people in the household pelt the Oni with the beans while saying, “Oni wa soto! Fuku wa uchi!” which means, “Get out, evil! Stay in, good fortune!”

AP source: MLB forms economic group as regional TV in peril

NEW YORK — Concerned about a possible bankruptcy for the company that owns local broadcasting rights to 14 of the 30 Major League Baseball teams, the league has formed a new economic study committee that will gather next week at the owners’ meetings in Palm Beach, Florida.