Reported by Star-Bulletin staff & wire
Thursday, September 19, 1996
Reported by Star-Bulletin staff & wire
Thursday, September 19, 1996
The items for sale include a large-screen Mitsubishi television set, a rosewood conference table with chairs, teak executive desks and credenzas, more than 50 office chairs, computers and software, printers and a fax machine.
Also to be sold is beauty salon equipment, including salon chairs. The proceeds from the sale will be used to satisfy unpaid tax bills, the IRS said. The goods will be sold only for cash in the full amount of the price.
The auction is set for 9 a.m. Sept. 28, at the Foreign Trade Zone at Pier 2. The merchandise may be viewed from 7:30 a.m. that day, the IRS said.
Paul Brewbaker, the bank's chief economist, said the state's economy has slowly been building momentum since tourism began its recovery in 1994. He said his forecast for an improved economy is partly contingent on tourism's continued growth.
Brewbaker made his comments in the bank's most recent "Business Trends" publication, which also noted that inflation has not increased much in Hawaii during the first half of 1996.
As a result, Honolulu's cost of living is now 25 percent more expensive than the mainland average, compared with 30 percent three years ago.
It was the lowest since Aug. 29, when rates averaged 8.09 percent. Rates averaged 8.34 percent Sept. 5, highest since they reached 8.42 percent in early July.
The average adjustable mortgage rate fell to 5.83 percent from 5.90 percent a week earlier. Fifteen-year mortgage rates averaged 7.64 percent, down from 7.81 percent last week.
The rates do not include add-on fees known as points.