Reported by Star-Bulletin staff & wire
Monday, March 24, 1997
HILO -- A nonprofit group has been organized in hopes of bringing tourist dollars to Kau. Group hopes to boost Kau
with cultural siteHana Laulima Lahui O' Ka'u hopes to get 100,000 tourists a year to Kau, where the economy has suffered from the closing of the Big Island's last sugar operation last year.
Dane Shibuya, the group's president, said the attraction would be a proposed cultural center and exhibition area for traditional crafts, foods and arts. Shibuya said the organization is finalizing a long-term lease of 5.25 acres of state land next to the entrance to Punaluu Black Sand Beach. It also is seeking grants and other money to try to get the project going. Shibuya hopes to break ground in May.
SALT LAKE CITY -- Novell Inc. and Oracle Corp. announced a partnership today to accelerate corporate adoption of their World Wide Web and networking software. Novell, Oracle
form software partnershipNovell, based in Orem, Utah, and Oracle, based in Redwood Shores, Calif., will cooperate in development and marketing.
Novell, a network software company, will help adapt an Oracle program, called a Web application server, to Novell's networking software called IntranetWare. Oracle, a database software company, will endorse a Novell technology for helping companies manage access to networks.
TOKYO -- The Nikkei index recorded its biggest decline in two months amid concern the government may increase consumption taxes again, slowing consumer spending and hurting Japan's economic recovery. Nikkei index drops 3%
on economic fearJapanese Finance Minister Hiroshi Mitsuzuka said the national sales tax, set to rise to 5 percent from 3 percent on April 1, could be increased further, according to Bloomberg News.
The Nikkei 225 index fell 589.34 points, or 3.16 percent, to 18,043.82. It was the benchmark index's biggest percentage decline since Jan. 20.