Economic Recovery & Updates
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UHEROHawaiʻi’s citizens, policymakers, businesses, and community organizations make daily choices that impact society, the environment, and the prospects for sustainable economic development. The University’s most important role in economic development is its role in educating and informing stakeholders about economic consequences and trade-offs involved in these choices.
Since 1997 UHERO has established itself as the premier source for forecasts and analysis in Hawai‘i. For over twenty years UHERO has conducted research that benefits the local community, publicized that research both locally and outside Hawai‘i, and expanded funded research on the Hawai‘i economy. Check out their website for more updates! |
Forecast for the State of Hawaii: More Substantial Recovery in SightSource: UHERO
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Hawaii is struggling to emerge from the COVID-19 downturn, but the recovery is poised to accelerate. Falling virus counts and vaccination progress set the stage for a strengthening of tourism and the broader economy. The pandemic has damaged businesses and lower-income households, and full recovery remains several years down the road.
Falling virus counts and vaccination progress set the stage for a strengthening visitor industry recovery as the year progresses, as well as growth in the broader local economy. Business failures and economic damage to lower-income households will continue to be burdens, and full recovery to pre-pandemic employment remains several years down the road. Exceptional uncertainty continues to surround our forecasts for Hawaii. Click Here to Read More |
US Jobless Claims SurgeSource: Anneken Tappe, CNN Business
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Another 861,000 workers filed for unemployment benefits for the first time last week, according to seasonally adjusted data released Thursday from the Labor Department.
That's nearly 100,000 more claims than economists had predicted and the highest number in a month. it was also an increase from the week before -- which was revised higher as well. Click Here to Read More |
Surfonomics: BBC Article Sport's Benefits Fails to Mention HawaiiSource: Isabella Kaminski, BBC
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Tucked up in the far north of Peru you'll find Lobitos, a quiet coastal town known as one of the country's best places to surf. Its seven wave breaks crash and glide onto sandy beaches and rocky outcrops, and its sunsets are legendary. But the waves that draw crowds of surfers each year aren't just revered by those who ride them – their protection is enshrined in law.
Tucked up in the far north of Peru you'll find Lobitos, a quiet coastal town known as one of the country's best places to surf. Its seven wave breaks crash and glide onto sandy beaches and rocky outcrops, and its sunsets are legendary. But the waves that draw crowds of surfers each year aren't just revered by those who ride them – their protection is enshrined in law. Click Here to Read More |
Civil Beat Editorial Backs Lottery to Support Public EducationSource: Civil Beat Editorial Board
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Consider the following argument: “In a time in which increased taxes and other new revenue sources are unlikely to be made available for a state with a growing to-do list, a properly framed lottery, with appropriate restrictions and revenue dedicated to critical needs, could represent a real win.”
That is the concluding paragraph of a Civil Beat Editorial from January 2016 titled, “Hawaii Lottery? It’s Time To Reconsider The Question.” Click Here to Read More |
Hawaii County Council Troglodytes Make Progress on 5GSource: Nancy Cook Lauer, West Hawaii Today
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A resolution passed unanimously Wednesday by the County Council refers to 5G technology as an option in bridging the digital divide, but council members, most of whom had previously approved two resolutions attempting to limit 5G on the island, don’t see it as a conflict.
Resolution 43, sponsored by Hamakua Councilwoman Heather Kimball and Puna Councilwoman Ashley Kierkiewicz, requests that the county adopt the state Department of Business, Economic Development and Tourism’s broadband strategic plan and create an implementation plan that advances public and private initiatives to ensure equitable access to internet services. Click Here to Read More |