HONOLULU (HawaiiNewsNow) - By a margin of three votes, the state senate approved a plan to go back on a promise of tax credits to high-tech ventures that invested here. They would still get their money but not for three years. The idea was to use more than ninety million dollars to help close the budget gap and hope the economy is better in three years. But under law, any money like this, if it becomes the subject of litigation, can't be used for anything but has to be set aside.
Central Pacific Bank is restructuring and will eliminate ninety positions. Fifty are vacant already. The people working in the other forty jobs will be given more than two months to transfer to other positions.
With no objections announced, the Justice Department has closed its investigation of David Black's purchase of the Honolulu Advertiser. The sale goes to closes this coming weekend. So far, there is no announced deal for anyone to buy the Star-Bulletin, suggesting that Black will merge two papers.
Tannya Joaquin and I look forward to seeing you today at the Hilton Hawaiian Village for their 2010 Torch Awards, sponsored by the Better Business Bureau.
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