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Reported by Star-Bulletin staff & wire
Wednesday, September 27, 2000
A taste of fame
Big Isle ranch lots sold to 3 companies
A group of three Honolulu businesses has acquired 55 fee-simple lots of one acre or more each in the Puu Lani Ranch subdivision in North Kona and is offering them for sale at $69,900 and up, said the companies' representative, Arick B. Yanagihara.The subdivision, half way between Kailua-Kona and Kamuela, is a gated community with underground utilities, tennis courts, an equestrian center and a community clubhouse. Yanagihara said the lots will be listed for sale Sunday by brokers Maryl Realty Inc. and Clark Realty.
The companies that bought the lots from Puu Lani Ranch Corp. are Puuanahulu Development LLC, D&D Puu Lani Development LLC and N&Y Puu Lani Development LLC.
Feds to restate U.S. inflation rate
WASHINGTON -- A software glitch caused the government to incorrectly measure inflation at the consumer level this year, possibly understating it a bit, government officials said today.But private economists said that will not change the rosy picture of the U.S. economy. And, it will not deter the Federal Reserve -- whose chief aim is to stave off inflation -- from leaving interest rates unchanged at its meeting next week, some economists predicted.
The Labor Department's Bureau of Labor Statistics said today it will unveil revisions to its Consumer Price Index data for the period of January through August.
Government officials, speaking on condition of anonymity, indicated the revisions will show prices crept up a little bit more than previously thought.