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President Bill Clinton has nominated Donna A. Tanoue, chairwoman of the Federal Deposit Insurance Corp. since May 1998, to a new six-year term on the agency's board. Clinton names Tanoue
to full term on FDICThe Honolulu attorney was initially appointed to serve the final two years of a member who stepped down. The highest ranking Hawaii resident in Clinton's administration, she frequently testifies before congressional committees on banking issues and was involved in making sure banks were prepared for anticipated Y2K computer problems.
Her nomination to the agency that insures deposits at U.S. banks and savings institutions and examines state-chartered banks is subject to confirmation by the U.S. Senate.
Tanoue, 45, was state commissioner of financial institutions from 1983 to 1987. She was campaign manager for Hawaii Sen. Daniel Inouye and was a partner in Goodsill Anderson Quinn and Stifel law firm.
Kamehameha Schools has appointed longtime real estate executive Wendell Brooks Jr. as its new chief investment officer. Brooks will head
schools' investmentsBrooks, 65, will be in charge of the $6 billion trust's far-flung investments, which include large stakes in the Goldman Sachs investment banking firm, Saks Fifth Avenue Department store as well vast real estate investments in Hawaii and on the mainland.
Brooks replaces former asset manager Randall Chang, who left the trust last week.
Brooks, who assumed his duties today, declined comment last week on his selection.
Brooks and former partner Aaron Chaney founded the Chaney Brooks & Co. in 1980, which is one of the state's largest commercial property management companies. He and Chaney later sold the firm.
Brooks, who reports to the new chief executive officer Hamilton McCubbin, will head a financial empire that is in the midst of a major transition. Kamehameha School's interim trustees said they plan to move the trust's investments toward more liquid, blue-chip investments.
The estate's previous board's investment decisions were criticized by past court-appointed masters and the attorney general's office for their high risk and low returns.
The interim board said they also plan to hire a chief financial officer for the trust.
Bishop Estate Archive
Wrong-way driver well enough for questioning
A Kalihi man who allegedly drove the wrong way on the H-1 Freeway and caused a seven-car accident has improved at Queen's hospital to the point where detectives were planning to question him today.The condition of Benny Belleza, 56, has been upgraded from guarded to fair condition.
Police said Belleza could be arrested for first-degree terroristic threatening when he is released from the hospital, which could be as early as next week. Police say he threatened a couple and a security guard at Kapiolani Hospital with a knife before the crash on Jan. 18.
Maintenance trouble causes steam release
HILO -- Puna Geothermal Venture spokesman Barry Mizuno said repairs to a two-inch line that caused a brief steam release at 4:45 p.m. yesterday should have been completed by yesterday.He apologized for causing any concern among Pohoiki residents, but said there were no monitoring station alarms or permit violations resulting from the low levels of hydrogen sulfide in the steam detected from the break.
The five-minute release resulted from a break in a line used for maintenance of production well KS-10.
People who paid for Las Vegas trips through Jimmy's Travel are a little closer to getting some of their money back. Update
Jimmy’s Travel
The adult probation office is expected to be mailing out partial restitution checks and a letter of apology from Jimmy K.S. Lee in early March, said Janice Yamada, intake presentence branch administrator.
Each of 1,124 claimants who filed complaints will be receiving a pro rata share of $206,000, which includes a $200,000 bond Lee posted when he opened the travel agency in January 1998, said Lee's attorney, Brian Pang. The $6,000 consists of payments Lee has made so far.
Lee pleaded guilty last year to first-degree theft for misusing $785,694 of customers' money and was sentenced to six months in jail.
Upon his release in May, Lee will have two months to find a job and resume making $1,000-a-month restitution payments.
By Debra Barayuga, Star-Bulletin
Police, Fire, Courts
By Star-Bulletin staffHonolulu Police Department Crimestoppers
Speed may have caused crash that killed driver
Police say speed is a possible factor in a one-car crash near Campbell Industrial Park which killed a 24-year-old man last night.The man was traveling north on Kalaeloa Boulevard when he lost control of his white 1999 Mazda 626 sedan at a bend in the roadway at 10:10 p.m., police said.
He traveled on to the dirt shoulder, struck a boulder and was ejected from his car. The car hit a street lamp and finally came to a stop at the intersection of Kalaeloa Boulevard and Kapolei Parkway.
The driver was not wearing a seatbelt, police said. He was pronounced dead at the scene.
Two men who robbed Flamingo baker hunted
Police are looking for two men who robbed a baker at the Flamingo Restaurant in Pearl City yesterday.A man, 50, discovered the two suspects inside the restaurant at 2:15 a.m., police said. One suspect, wearing a light-blue sweater and a stocking over his head, was armed with a dark-colored revolver, police said.
He was about 5 feet 5 inches tall with a slim build.
The other suspect is described as 5 feet 7 with a slim build.
Man killed crossing road in Waianae is named
The man who was killed Saturday while crossing a street in Waianae has been identified as 75-year-old Satoru Doi.Doi was crossing Farrington Highway near McDonald's when he was hit by a car at 6 a.m., police said.
He was not in a crosswalk.
Motorcycle crash victim on Kauai is identified
LIHUE -- Kauai police identified a motorcyclist killed in a single vehicle accident shortly after midnight Sunday morning as Fernando Tiu, 36, of Kapaa.A Kauai police officer clocked Tiu on radar at 84 mph in a 50 mph speed zone near the entrance to the Outrigger Hotel on Kuhio Highway, police said.
The officer lost sight of Tiu when he turned around to give chase and came upon the wreck a few miles north near the entrance to the Holiday Inn, police added.
