INVERSION

LET'S WATCH THIS MONEY CLOSELY,,,,SHALL WE

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By Greg Wiles
Advertiser Staff Writer





Posted on: Friday, September 12, 2008
State will borrow $619.4M to boost public construction

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The state's budget had a surplus of nearly $500 million at the end of fiscal year 2007 but faces a shortfall of $162.3 million by the end of the 2009 fiscal year that could grow to a deficit of more than $900 million by the end of 2011, according to the state Budget Department. In an executive memo, Lingle said "immediate action must be taken to control and reduce government expenditures," starting with the 2009 fiscal year.

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Posted on: Wednesday, September 17, 2008
By Greg Wiles
Advertiser Staff Writer

State pension system's assets down by $600M
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The Hawai'i Employees' Retirement System's assets declined by roughly $600 million during the first 15 days of September as worries about the economy and the financial health of investment banks roiled Wall Street.


Rod June, chief investment officer for the pension plan serving state and county workers, said assets declined from about $10.8 billion at the end of August to $10.2 billion yesterday morning.


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By Alexandre Da Silva
adasilva@starbulletin.com

Thursday, September 18, 2008
Gov. Linda Lingle's administration has forecast Hawaii could be $903 million in the red by fiscal 2011 unless the state tightens its belt.



"Given the magnitude of this level of revenue reduction, immediate action must be taken to control and reduce government expenditures, starting with (fiscal year 2009)," Lingle wrote.

Linda Smith, Lingle's senior policy adviser, said the changes in the revenue projections have resulted in an estimated loss of $2.8 billion in expected revenue.

ALOHA FOR THE HOMELESS

City seeks ways to limit campers

By Leila Fujimori
lfujimori@starbulletin.com

Roy Thompson, 43, says he has been living in a tent at Kapiolani Park since he was released from prison in April because job-placement programs did not come through for him.

"They said, 'Do what you do best,'" he said. "I'm a thief. I don't want to do that. I do recycling now." He cannot afford rent on the $20 to $40 a day he gets collecting cans.

Soccer moms at the park were wary of Thompson and dozens of other homeless people camping about 200 feet from where their daughters practice and play.

City Parks Department officials say they have had a significant jump in recent complaints about people camping or living in the area. Police have noticed an increase in the number of campers, but it is currently not illegal to camp in the park, said Honolulu Police Department spokeswoman Michelle Yu.

Cherri Masaki, 40, who has two daughters who play soccer in the park, said, "If I had a choice, I'd have them removed. I know people are having a hard time, but this park is so heavily used. There's youth all over. It's scary. Our girls have to go in groups to the bathrooms."

Christine Asuncion, 36, whose 14-year-old daughter plays soccer, said, "If the balls go down (near the homeless), we don't let the girls go. We get the balls."

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IT'S RARE TO FIND A PERSON MOLESTE A CHILD IN A CROWD.

THERE ARE MANY HOMELESS WHO ARE MORAL AND DECENT PEOPLE WHO HAVE NOT DONE TIME, DON'T DO DRUGS AND HAVE STRONG PERSONALITIES, INCLUDING WOMEN AND FAMILIES THAT LIVE IN THE PARK.

EVEN THE CODE OF SOME FORMER INCARCEREES WOULD NOT PERMIT THEM TO DO HARM TO CHILDREN. LET'S FIND A WAY TO HELP THOSE WITH PREJUDICES ABOUT THE HOMELESS


NOT HOMELESS

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HONOLULU -- A 76-year-old man convicted for sexual assaulting a 5-year-old relative was sentenced Tuesday to a year in prison.
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In a case with national significance, Chief Federal Judge Helen Gillmor has rejected a request by the Justice Department to commit to a mental institution a convicted sex offender who has completed his prison sentence and parole supervision.

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A deputy prosecutor said accused child molester Manuel "Memo" Taboada is the head of a religious "cult," and a police detective said Taboada is being investigated in Oregon for conspiracy to assist "numerous adult men committing sex assaults against children."

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No-contest plea to molesting 6 Hawaii boys
In a deal with prosecutors that will avoid a trial and could lead to five years in prison, a former Wahiawa soccer coach and foster parent said yesterday that he would not fight charges that he sexually molested six boys over several years.

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Girl, 13, says chief molested her on airplane - Navy News ...Jan 27, 2008 ... Girl, 13, says chief molested her on airplane ... incident is disturbing to all of us,” said Keoni Wagner, a spokesman for Hawaii Airlines. ...
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