economy

Courtesy of the Office of the Governor

State authorities have unveiled a roadmap to reopening Hawaii’s economy. The reopening will be broken up into five phases, with each phase allowing for progressively larger social gatherings.

W. M. Keck Observatory

Hawaii Island’s 12 observatories have been cleared to resume operations by state officials. With travel largely on hold, many observations will now be made from home.

Pkd2016 / CC BY-SA 4.0 / Wikimedia Commons

With about 1 in 3 Hawaii workers now unemployed, many have also lost their health insurance. Some options for getting replacement coverage come with a deadline.

AP Photo/Gene J. Puskar

Updated 5/14/20, 11:30 a.m.

NEW YORK — U.S. health officials on Thursday released some of their long-delayed guidance that schools, businesses and other organizations can use as states reopen from coronavirus shutdowns.

Wikimedia Commons

Hawaii National Guard Major General Kenneth Hara said he is concerned about the possibility of civil unrest if a plan is not finalized to move toward easing Hawaii’s ongoing lockdown.

 

Casey Harlow / HPR

More than 20,000 loans in the Paycheck Protection Program have been approved for Hawaii and local banks were on the frontlines of making them happen.

Rytut / Wikipedia

Around 43% of Hawaii residents rent the home in which they live, one of the highest rates in country. With many of those renters now out-of-work, concern is growing about their ability to pay for housing.

15TH WING / PACIFIC AIR FORCES

Five governors have now joined a coalition of Western U.S. states developing common standards for reopening their economies. Hawaii’s executive remains reluctant.

Hawaii Public Radio

Updated: 4/24/2020, 8:18 a.m.

President Trump today signed off on another $320 billion in loans approved by lawmakers to help businesses cover payroll and other expenses. Hawaii firms secured $2.46 billion from the first round of funding, but not without difficulty.

Eugene Kim / Flickr

With hotels, restaurants, and farmers largely shuttered, demand for fresh, local produce has plummetted. The loss of revenue puts future harvests at risk.

AP Photo/Gene J. Puskar

Updated 4/20/20, 2:10 p.m.

SEATTLE — Boeing and at least one other U.S. heavy-equipment manufacturer resumed production and some states rolled out aggressive reopening plans Monday, despite nationwide concerns there is not enough testing yet to keep the coronavirus from rebounding.

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Eligible residents in Hawaii, and around the country, are starting to receive cash stimulus payments from the federal government. But the one-time $1,200 checks won’t go far in Hawaii.

AP Photo/Caleb Jones

At this point, Governor David Ige’s stay-at-home orders are scheduled to expire at the end of the month. As more attention turns to an eventual economic comeback, both the public and private sectors are gearing up for what may come next.

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The outbreak of COVID-19 has been global, but its impacts have varied from country to country. One that has received less attention than some others is Australia. But this week there have been several developments showing its economy looks vulnerable.

Public Domain Photos

Air travel is down by as much as 96 percent and airlines have responded by drastically cutting the number of flights they operate. That is impacting the price of global shipping.

Centers for Disease Control and Prevention

Experts in academia and healthcare have unveiled separate plans for safely reopening Hawaii’s economy. Both frameworks rely heavily on testing, but the state health director says that isn’t where the focus should be.

Courtesy of Hawaiian Airlines

It’s unclear when conditions will allow the resumption of normal economic activity. Two Hawaii experts have outlined a plan for how that might be achieved, even before a vaccine for COVID-19 is developed.

Ryan Finnerty

Restaurants employ 13% of Hawaii workers. Many of those businesses face an existential threat from the coronavirus pandemic, but some are already finding success in the new reality.

Hawaii Tourism Authority

With economists predicting short-term unemployment rates as high as 25 percent, the economic impact of the coronavirus pandemic will dwarf the Great Recession.

Catherine Cruz/HPR

Updated: 3/31/20, 10:42 a.m.

It’s been less than a week since a statewide stay-at-home order largely shut down Hawaii’s economy in an effort to contain the coronavirus. The latest economic projections indicate restarting activity will take much longer.

AP Photo/David Goldman

NEW YORK — When will the money arrive?

pasja1000 / Pixabay

Survival is order the day for many Hawaii businesses as the economic impacts of working-from-home make themselves felt. Help is available.

Ryan Finnerty

Updated: 3/27/20, 4:50 p.m.

More than 97,000 new unemployment claims have been filed in Hawaii since March 1st. Workers in the restaurant and hotel industries have been some of the hardest hit.

Harry Kim

Counties around Hawai’i have closed public gathering spaces as confirmed cases of COVID-19 continue to rise. But one county remains an exception.

Senate Television via AP

WASHINGTON — Top-level negotiations between Congress and the White House teetered Sunday on a ballooning nearly $1.4 trillion economic rescue package, as President Donald Trump called for a deal to steady a nation shuttered by the coronavirus pandemic. Treasury Secretary Mnuchin indicated an agreement was within reach, but congressional Democratic leaders raised concerns after a meeting at the Capitol.

AP Photo/Seth Wenig

WASHINGTON — Three weeks ago, EmpireCLS was heading toward a second straight year of record business. A car service company in New Jersey, Empire couldn’t even find enough chauffeurs and office workers to meet its needs.

AhmadArdity / Pixabay

AUSTIN, Texas — It took 15 minutes for the coronavirus to wreck Shelley Hutchings’ carefully calculated financial plans.

Casey Harlow / HPR

Hawaii is feeling the effects of the global response to the spread of coronavirus. 

pasja1000 / Pixabay

Economic growth around the world is likely to be the slowest this year since the global recession of a decade ago. That word came from the International Monetary Fund Tuesday — and the news came under close examination in the Asia Pacific.

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