HONOLULU — A newly formed policy group has announced an effort to reboot Hawaii’s tourist-based economy following the coronavirus outbreak using Native Hawaiian cultural values.
Smack dab in the middle (hopefully, at least) of the current pandemic there’s a lot we don’t know. We don’t know if many small businesses will reopen; of those that do reopen, we don’t know how many can maintain themselves. We don’t know what will happen when the PPP money is gone. We don’t know where the horrendous unemployment numbers we’re looking at now will level off and where they’ll end up. We don’t know if we’re in for a “W-shaped” coronavirus curve with a recurrence of infections, or if we’re on a stable downward slope towards pre-pandemic infection rates. We don’t know when tourists will be free to travel and if they’ll have the money and will feel safe enough to do so. We don’t know what the exploding U.S. deficit will do to tax burdens, cuts in services, and the future of the national economy. We don’t know when we’ll have a vaccine.
The coronavirus pandemic has folks paying more to stock up at the grocery store and eat at home.
MIAMI — Norwegian Cruise Line Holdings Ltd. reported first-quarter earnings Thursday that missed analysts’ expectations. But the Miami-based company said it is already seeing demand for voyages in the fourth quarter of 2020 and into 2021.
In an article in this space just a couple of weeks ago, we growled and grumbled about the possibility that our governor, having already suspended laws and chapters in the Hawaii Revised Statutes in a listing 17 pages long, would start monkeying with the tax code.
NASA went with big names SpaceX and Blue Origin as well as lesser-known Dynetics as the three commercial companies vying to build lunar landers for its Artemis missions to return humans to the moon by 2024.
The U.S. House Committee on Transportation and Infrastructure announced an investigation into Carnival Corporation’s handling of the COVID-19 pandemic on Friday.
Toyota will reopen and slowly ramp up vehicle production in the U.S. and Canada beginning May 4, the Texas-based subsidiary announced Thursday.
The U.S. Small Business Administration will restart a government coronavirus relief loan program for small businesses today week with an additional $320 billion, after the first round of funding was exhausted in just 13 days.
HONOLULU — Bank of Hawaii Corp. recently announced it has set aside $33.6 million to cover potential loan losses tied to the coronavirus pandemic.
As I write this, Congress is voting on the second tranche of funding for the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) program. The bill, which includes other funding provisions, is certain to pass. It then goes for Presidential signature and the wheels start turning to open the application portals. By the time you are reading this, hopefully those wheels are in motion.
LAS VEGAS — Slot machines are powered down, casinos boarded up and barricaded.
By now everyone knows that we’re in a state of emergency. There’s a virus spreading through the population and killing people. There’s no vaccine, and no confirmed effective therapy such as drugs, so if you get sick from it there’s a chance that it will be game over for you.
Two of the Big Island’s major agricultural industries are working together to keep each other alive during the COVID-19 lockdown.
I know it seems hard to imagine, but this too shall pass. And what will small businesses look like when it does? While no one knows for sure and generalization is an obvious mistake, a probable answer for many is, a lot different than they looked before. Hopefully we will have learned something about adaptation in this period that will inform how we look at the future.
The number of Americans applying for unemployment benefits fell last week to a still-massive 5.25 million, capping four weeks of coronavirus-related shutdowns that erased more than 10 years of job creation.