Reported by Star-Bulletin staff & wire
Tuesday, December 3, 1996
Reported by Star-Bulletin staff & wire
Tuesday, December 3, 1996
Gov. Ben Cayetano has approved new rules that replace the requirement that developers include light industrial space in Kakaako developments with an incentive-based system. Cayetano OKs rules for
Kakaako projectsThe Hawaii Community Development Authority, the state agency that oversees Kakaako development, formerly required that new developments include space, equal to 30 percent of the lot area, for light industrial users, such as food or clothing manufacturers. Developers now are given a density bonus in floor area, up to 30 percent, if they include light industrial use.
"These rule changes are designed to encourage redevelopment while maintaining the state's commitment to industrial activities in the Kakaako district," Cayetano said.
LONG BEACH, Calif. - Rivals Boeing Co. and McDonnell Douglas Corp. reached an agreement today to collaborate on future Boeing wide-body commercial airplane programs. Boeing, McDonnell Douglas
team up on planesIn a joint statement, the aerospace companies said the first project McDonnell Douglas will participate in is the development of proposed new versions of the Boeing 747 jumbo jet.
The move comes as Boeing faces record orders for its commercial aircraft and McDonnell Douglas is looking for ways to keep its employees working.
McDonnell Douglas recently lost a bid to build a next-generation fighter plane for the Pentagon and has shelved plans to build a long-range commercial aircraft that would go head-to-head with the 747.
NEW YORK - Two reports issued today showed a moderating economy, further muddling the picture a day after signs of strong growth emerged. Two reports show
economy moderatingThe Conference Board said today its Index of Leading Economic Indicators rose by 0.1 percent in October, its ninth straight monthly gain. Separately, the Commerce Department reported that new home sales plunged 8.7 percent in October to the lowest level in seven months.
Those figures followed reports yesterday of brisk holiday retail sales and a strong gain in U.S. manufacturing last month.
"Today's reports show xxx that the economy's slowing down, but it's not an outright contraction," said Kathy Bostjancic, analyst at UBS Securities Inc. in New York.
The LEI's October reading of 103.6 compares with a revised September level of 103.5 and a revised August reading of 103.3. The index has a base of 100, set in 1987, and is designed to forecast economic activity six to nine months in advance.