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The outlook on the long-term rating is negative....On Monday, we will issue separate releases concerning affected ratings in the funds, government-related entities, financial institutions, insurance, public finance, and structured finance sectors.

Click to view video....

To put an end to budget shenanigans the Institute has developed a budgeting system called “Full Accrual Calculations and Techniques”. FACT based budgeting would require governors and legislatures to recognize expenses when incurred regardless of when they are paid. This improved method of accounting is discussed in detail in this report.

This year’s revolt against the bemedalled despot will reduce Finmeccanica’s revenue by some €300m.

"Energy costs certainly are affected by public policy measures at the federal, state and local levels. When policymakers focus on reining in taxes and removing regulatory burdens, that works to reduce energy costs to the benefit of entrepreneurs, businesses and consumers. But when focused on increasing energy taxes, expanding regulations, and creating governmental obstacles to energy development, the economy suffers accordingly."

Lloyd Y. Kimura, 61, former president of Maui Industrial Loan & Finance Company and Lloyd Y. Kimura, Inc. in Wailuku, was sentenced today in State Circuit Court on Maui by Judge Joseph Cardoza to 20 years imprisonment and ordered to pay restitution in the amount of $8,093,907

During her 30-years of public service, Governor Lingle has always run issue-oriented campaigns. Should there be a future campaign, it too would be run on the issues, rather than based on personal attacks.

There is no place in Hawaii for these deplorable tactics by national partisan political staffers. The voters of Hawaii deserve better.

At yesterday's press briefing, White House spokesman Jay Carney admitted: "The White House does not create jobs." As the Examiner's senior political columnist Timothy P. Carney (no relation) later noted, conservatives should greet this statement as "a true and long-awaited admission of government's limits."

Abercrombie gets rolling about 1:30 and keeps on rolling for the next ten minutes.  Starting about 6:50 you can hear Abercrombie's handlers trying to pull him away....

A Site Analytics report shows that Hawai`i Free Press has surpassed 1 million hits a month every month this year.

Americans are paying more for gasoline today than they were six weeks ago when President Obama released 30 million barrels of oil from the Strategic Petroleum Reserve. In the Gulf of Mexico, meanwhile, 10 drilling rigs -- more than one-third of the fleet -- have left on Obama’s watch.

This incomprehensible energy policy is not only costing Americans more money at the pump. Bureaucratic delays in Washington are also stunting job growth and adding to the budget deficit.

On Thursday, United Against Nuclear Iran (UANI) called on Japanese high technology conglomerate Hitachi to end its business in Iran. Hitachi maintains an active presence in Iran, having provided Iran with gas turbines and induction motors used in its oil and gas sector.

The Hawaii Supreme Court recently completed a three-year evaluation of the progress made by the Hawaii Access to Justice Commission toward the goal of increasing access to justice in civil legal matters for low-income Hawaii residents.

"We are honored to have the sponsors we do to support the festival each year," says Representative Corinne W. L. Ching, "'I LOVE LILIHA' is nothing if not individual gems of the community arriving at one place and time, to remind residents why they should be proud to call Liliha home."

The boundaries pit two Big Island Democrats against each other: Jerry Chang, D-Piihonua-Kaumana, and Mark Nakashima, D-Hawi-Hilo. On Oahu, Rida Cabanilla, D-Waipahu-Ewa, would face Kymberly Pine, R-Ewa Beach-Iroquois Point; and Mark Hashem, D-Hahaione Valley-Aina Haina, would compete against Barbara Marumoto, R-Kalani Valley-Diamond Head.

The public is invited to attend the second and final Federal Section 106 PUBLIC HEARING Meeting on Thursday, August 4, 2011 from 6:00 to 8:00 pm. which will be held at the Hale Pono`i Building at the Department of Hawaiian Home Lands (DHHL) facility at 91-5420 Kapolei Parkway.

(Handy Tip: Deposit $100M and make OHA give you $400M. Not only will you prosper, but by bankrupting OHA, you will make Hawaii a better place.)

 ....

...good government means more than just saying what people want to hear. It means identifying problems that concern our community and proposing constructive solutions....

• Senate: Confirmation of Robert S. Mueller III to be Director of the FBI
• Senate: Budget Control Act of 2011
• House: North American-Made Energy Security Act
• House: Budget Control Act of 2011

The Employer-Union Trust Fund (EUTF) has completed the periodic process of selecting providers of life, vision, dental, medical and pharmacy insurance—with significant savings for employers, active employees and retirees....

In a Washington Post article published this morning, the national Democrat Senatorial Campaign Committee takes the unusual step of attacking a Democratic Senate Primary candidate--Ed Case....DSCC is working hand in glove with Sen. Dan Inouye. Even DSCC’s choice of words -- “not honest” -- echoes Inouye’s lengthy record of attacks on Case.

Americans are disappointed. They are disappointed that the debate over our debt limit was about the needs of politicians instead of the needs of the country. They are disappointed with a broken government that refuses to fix itself. And they are disappointed that the Budget Control Act that passed the House last night and is likely to pass the Senate today does not make the transformative changes this nation requires. 

The poll shows Ed Case ahead of Mazie Hirono in the Democratic primary 53%-37% and ahead of Linda Lingle in the general 48%-38%, and Lingle ahead of Hirono in the general 48%-43%. 

The Gordian knot that seems to be confronting public officials is how to keep the state and county governments solvent while avoiding either having to make deep cuts in public services or, on the other hand, raising taxes and fees that will infuriate the tax paying public.

 Put the security of the nation at risk or raise taxes. This is the sour "deal" liberal lawmakers are offering in exchange for insufficient spending cuts, according to reports of this weekend's debt negotiations in Washington....

Driving the compact is the memory of the 2000 presidential election, in which George W. Bush won the slimmest of electoral-vote majorities even though Al Gore gained a plurality of popular votes. But that election itself suggests a fatal flaw in the proposal....

Defense spending is 18% of Hawaii’s economy….

According to the Companies, the application of the biofuel surcharge “would apply to HELCO and HECO customers, and would add about 1/3 of a cent per kilowatt hour.”

... a "waste of time" because of the billion of euros it has lost over the years. The division, AnsaldoBreda, makes trams, trains and subways....

Here's the latest in a case we've been following. In Bridge Aina Lea, LLC v. State of Hawaii Land Use Comm'n....

The Department of Land and Natural Resources (DLNR) and the U.S. Army Corps of Engineers today signed a formal project partnership agreement for the construction of the Kawainui Marsh Environmental Restoration Project in Kailua, O‘ahu.

Tomorrow, look for a new editorial in Pacific Business News on problems with fiscal responsibility in our government.

Even if the Boehner bill passed and became law, America would continue its downward spiral into a fiscal abyss with no end in sight....

Last week President Obama made an alarming statement to the nation's senior citizens. He told CBS Evening News anchor Scott Pelley he couldn't guarantee that $20 billion in Social Security checks will go out on Aug. 3, the day after the government would go into default if it doesn't raise the debt ceiling. "[T]here may simply not be the money in the coffers to do it," Mr. Obama said.

This statement completely overlooks the existence of the Social Security Trust Fund....

The Stimulus Program created 2,046 jobs in Hawaii.  The cost for these 2,046 jobs? $1.329-billion in taxpayer dollars!  That’s about $650,000 per job!

The Governor’s objectives are to avoid interruptions to programs that depend heavily on federal funding....

Hawai'i Bankers Association Executive Director Gary Fujitani said, “Our banking community has substantial liquidity that is ample to weather any temporary financial correction. We are ready to work with the state to ensure the continuance of a stable economy in Hawai'i.”

Say goodbye to cars and trucks as you know them. Say hello to a brave new future ushered in by the Environmental Protection Agency. It's one where the federal government reshapes a major U.S. industry by administrative fiat, all in pursuit of a policy goal that will cost money, jobs, and lives—all to satisfy the left's environmentalist factions while dishing out taxpayer dollars to an Obama-favored unionized industry.

When I was considering serving as State Chair, I was told by Former State Chair, Governor Linda Lingle, that I would not understand what it meant to be the chair until I served as Chair. Having now served a full term and having been re-elected to serve yet another term as your State Chair, I find these to be great words of wisdom and completely true!

As we look forward to 2012, I remain disappointed with our delegation's adherence to a partisan agenda that places party loyalty above the best interests of Hawaii's residents and our nation. If we are to protect and advance Hawaii's best interests in our nation's capital, we need a balanced delegation with representatives who can and will work with both Republicans and Democrats alike....

Queen Kaomileika'ahumanu - was buried at the Waipouli cave in the One'ula area. She died on October 31, 1796, but was removed from her burial without approval from the State's OIBC.  

VIDEO: Jason Martin, of Secure DNA and Christopher Van Marter Senior Deputy of the Office of the Prosecuting Attorney White Collar Crime Unit discuss Cybercrime with Representative George Fontaine.... 

Do you heat your home? Light your rooms? Buy and cook food? Watch TV? If the answer is "yes," then you've fallen under federal regulation. And you're paying for it, too. Gattuso and Katz explain how every product imaginable costs more because of regulations....

A growing list of women leaders from across the state have joined the Executive Advisory Council for Hawai‘i’s 8^th annual International Women’s Leadership Conference (IWLC), taking place on September 20, 2011 at the Sheraton Waikiki Hotel and Resort.

Senate Majority Leader Harry Reid (D–NV) introduced legislation to raise the debt ceiling this week. In evaluating his plans for future government spending, it becomes clear that budgeting for prudent defense is considered just another line item.

• DATE: Friday, July 29th, 2011
• TIME: 11:30 am ~ 1:30 pm
• LOCATION: Japanese Cultural Center / Manoa Grand Ballroom, 2454 S Beretania St, 5th Floor

• HILO -- JULY 27, WEDNESDAY—1:00PM-3:00PM.
• MAUI -- JULY 28, THURSDAY-- 5PM youth session, 6:30PM general session.
• OAHU -- JULY 29, FRIDAY—6:30PM to 8:30PM.

The Council will meet quarterly and report annually to the Governor, the Legislature and county mayors, including policy recommendations supporting the statewide plan.