HAWAII
Hawaii is tops with honeymooners
Hawaii is the top honeymoon destination in America, according to Modern Brides magazine. Its survey of top travel agents nationwide ranks the world's 50 best honeymoons. The rest of the top ten are Mexico, Jamaica, Tahiti, Bermuda, Italy, Las Vegas, Aruba, St. Lucia and Florida.Mexico tops another list in the magazine which ranks destinations by categories such as "Wildest Places to Party," "The Next Big Thing," and "Biggest Bang for Your Buck." Costa Rica tops the list of "Hot Spots for Adventure," while Colorado was ranked the "Best Winter Playground."
Travel agents told the magazine that the average honeymoon costs $3,719 and lasts eight days; that 46 percent of honeymooners stay at a resort, 29 percent stay in a large hotel and 24 percent stay in a small hotel while nearly 20 percent take a honeymoon cruise. Only eight percent of couples staged a "destination" wedding with an average of 46 guests.
The lists and rankings appear in the December/January issue of Modern Bride magazine, which will be on newsstands Oct. 22.
MAINLAND
Delta Air Lines to cut another 7,000 jobs
ATLANTA >> Empty seats and a sluggish economy forced Delta Air Lines to cut another 7,000 to 8,000 jobs amid mounting losses, the airline announced yesterday.Delta, the nation's third-largest airline, has slashed 21,000 jobs, or about 25 percent of its work force, since the Sept. 11 terrorist attacks.
The job cuts come two days after the Atlanta-based carrier posted a third-quarter loss of $326 million and said it did not see any improvement coming soon.
Housing construction reaches 16-year high
WASHINGTON >> Low mortgage rates drove housing construction in September to the highest level in 16 years, but the nation's industrial sector showed new signs of stress, confirming that the economic recovery remains uneven.The Federal Reserve reported yesterday that industrial production declined in September for the second straight month, and the Labor Department reported that more Americans filed new claims for jobless benefits. But the huge increase in housing construction helped to leaven that news.
Sun Microsystems will cut 4,400 positions
SAN JOSE, Calif. >> Sun Microsystems Inc. will cut 11 percent of its work force to bring its expenses in line with sales, despite posting fiscal first-quarter results yesterday that beat Wall Street expectations.The computer and software maker will cut 4,400 of its 39,400 employees in a move that has been expected because corporate technology spending has not rebounded as expected.
It's the second major round of cuts at Sun, which a year ago cut 10 percent of its work force, or nearly 3,900 jobs, after holding out longer than other high-tech companies to make staff reductions.
Retiree accounts lost $200 billion to scandals
WASHINGTON >> Recent corporate scandals have cost Americans more than $200 billion in lost investment savings, jobs, pension losses and tax revenue, according to a report released yesterday.The report issued by the "No More Enrons" coalition, partially funded by consumer groups and labor unions, said losses from 401(k) investment accounts alone totaled $175 billion and public pension funds nationwide lost at least $6.4 billion.
It estimated that more than a million workers lost their jobs at the affected companies, while company executives cashed out billions of dollars of their stock.
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[Hawaii Inc.]
NEW JOBs
>> Bank of Hawaii has named three new executive vice presidents: Peter M. Biggs, consumer deposits manager; James F. Hawkins, consumer lending division manager; and Lee Y. Moriwaki, retail strategy and non-branch channels manager. Biggs manages the bank's consumer deposit products, including cheking, savings, IRAs and time deposit accounts. Hawkins manages all consumer lending products and activities, including third party auto loans from car dealer centers, home equity loans and loans originated through the branch network. Moriwaki coordinates retail strategy and manages client services, the ATM and credit union line of business and internet banking.>> JJ Michaels returns to New Wave Broadcasting as program director of its heritage rock station 97.5 KPOI. He brings 12 years of programming and morning show experience and was previously program director and morning show host of KPOI from 1992-93.
RECOGNITION
>> Recipients of the fourth annual Bishop Museum Ulupono Awards are: Norwegian Cruise Line, Chairman's Award; Alexander & Baldwin, Bank of Hawaii, CSX Lines, Inc. and Hawaiian Electric Co., Corporate Partners of the Year; Honolulu Star-Bulletin, Lawrence K.W. Tseu and Hawaiian Airlines, Pacesetter Partners of the Year; and Kamehameha Schools, Heritage Partners of the Year. These awards recognize individuals, corporations and foundations that have made significant contributions to the museum's programs and helped further the its mission.>> Pauline Kawamata has been selected as the 2002 Network Leader of the Year. She is Hawaii Nature Center's volunteer coordinator. Her duties include fostering awareness, appreciation and understanding of Hawaii; obtaining new volunteers and helping them find their niche while training them.
This award is presented to an individual who has made great strides in volunteer program management and enhancing volunteerism in their organization or community.