New roaming service could reduce ‘statement shock’

By Marc Saltzman | The Right Click
Article from: http://www.yahoo.ca

If you travel outside of Canada with your smartphone you no doubt know it could cost a pretty penny to access email and browse the web.

Problem is, you don’t know how bad it’ll be until you receive your wireless bill.

Rogers this week unveiled a first for Canadian mobile users: real-time usage alerts that tell how much data you’re using while roaming.

Whether it’s purchased before you leave or when you’re in another country, you’ll need a Roaming Data Pass, which starts at $5 per day or $25 per week, to receive text messages to your device when you’ve reached certain data thresholds, such as 50 and 80 percent.

If you reach or exceed your limit on this pass, you’ll also be notified and asked to purchase anther roaming pass or continue at a pay-per-use rate. Here’s a chart that breaks it all down further.

Along with real-time notifications (up to five minutes), Rogers says a Roaming Data Pass also gives you better rates than as a pay-per-use scenario. For example, $5 will get you 2MB of data in the U.S., which is a lot less than the $10.24 per megabyte rate without a plan (down from $30.72/MB previously!). But keep in mind, 2MB is only ideal for, say, light email or web surfing.

Data roaming rates in the U.S. can vary greatly between Canadian providers. Bell Mobility’s data roaming rates south of the border, for example, are $6/MB (or $0.75 cents to $3/MB based on the travel bundle you pick up). Telus says their customers are only charged $3/MB for U.S.-based data roaming, while Mobilicity says their rates are $1.50/MB for pay-per-use.

Slower bankruptcy pace is bright spot for Hawaii

The number of filings indicates that the isle economy continues to gain momentum

By Alan Yonan Jr.
Article from: Star-Advertiser

The number of Hawaii residents filing for bankruptcy fell in July for the sixth time in the past seven months in another sign that the state’s economic recovery is gathering momentum.

The 268 cases filed in July were 22 percent fewer than in July 2010, according to data released Monday by U.S. Bankruptcy Court. It was the lowest monthly total since January when 245 cases were filed.

Through the first seven months of the year, bankruptcy filings averaged 301 a month, down from the average of 330 a month in 2010 but up from the 258 monthly average in 2009.

Bankruptcy filings, like the unemployment rate, tend to be among the last areas of the economy to show improvement after a downturn. Bankruptcy cases on a seasonally adjusted basis peaked in mid-2010 following the 2008-2009 recession and have been slowly trending downward since then, said Paul Brewbaker, principal of TZ Economics.

“So these data would fall into alignment with other indicators like payroll employment, unemployment rates and monthly tax revenue that suggest Hawaii’s recovery may be slow but it’s somewhere between 1 and 2 years old,” Brewbaker said.

Hawaii’s 6 percent unemployment rate, while among the lowest in the country, has been slow to decline since peaking at 7 percent in the summer of 2009. First time claims for unemployment insurance are averaging about 2,100 per week versus the recent high of 2,500 a month in 2009.

The slow and fragile nature of the recovery might be of concern, but the job growth being experienced by the state is stonger than after the last recession in 2001, Brewbaker said. About 10,000 of 40,000 jobs lost during the latest recession have been restored, putting Hawaii near the top nationally, he said.

“There’s a way to go, but the local economy is on its way; even bankruptcy filings provide evidence of that.”

Honolulu-based bankruptcy attorney Ed Magauran said he’s noticed a slight decrease in bankruptcy filings this year, but added business is still brisk at his downtown office.

“There are still 200 plus cases a month (statewide). That’s not going to change. We may go down a little bit, but there are still all kinds of people who are hurting,” Magauran said.

Many people he sees have put off filing for a variety of reasons but eventually run out of options, Magauran said.

“The stigma has kind of gone away, but not really. Nobody in their right mind wants to file for bankruptcy, but for the person who needs it, the bankruptcy code is a true blessing.”

The bulk of the filings in July — 221 cases — were filed under Chapter 7 of the federal bankruptcy code, which calls for liquidation of a debtor’s assets.

Filings fell in all counties, led by a 38 percent drop to 35 cases in Hawaii County. Filings fell by 22 percent to 168 cases in Honolulu County, by 14 percent to 19 cases in Kauai County and by 13 percent to 46 cases in Maui County.

Fee Simple vs Leasehold Ownership

Most people only know of one type of real estate ownership; fee simple, also known as freehold. Hawaii and a few other states have another form of ownership known as leasehold. The difference in these two types of land tenure is very different and affects the value of the real estate. It is important to know the difference, especially if you’re buying real estate in a leasehold state.
FEE SIMPLE: Fee simple ownership is probably the most familiar form of ownership to buyers of residential real estate. A fee simple buyer is given title to the property, which includes the land and any improvements to the land in perpetuity. In the case of a condominium the purchaser would own a pro-rata share of the land. Aside from a few exceptions, no one can legally take that real estate from an owner with fee simple title. The fee simple owner has the right to possess, use the land and dispose of the land as he wishes–sell it, give it away, trade it for other things, lease it to others, or pass it to others upon death.

LEASEHOLD: A leasehold interest is created when a fee simple land-owner (Lessor) enters into an agreement or contract called a ground lease with a person or entity (Lessee). A Lessee rents the land from the Lessor for the rights of use and enjoyment of the land much as one buys fee simple rights; however, the leasehold interest differs from the fee simple interest in several important respects. First, the buyer of leasehold real estate does not own the land; they only have a right to use the land for a pre-determined amount of time. Second, if leasehold real estate is transfered to a new owner, use of the land is limited to the remaining years covered by the original lease. At the end of the pre-determined period, the land may legally revert back to the Lessor, and is called reversion. At the end of the lease term many lessors and lessees have agreed on either a new lease or the Lessor may agree to sell the land to the Lessee. In the case of a condominium Depending on the provisions of any surrender clause in the lease, the buildings and other improvements on the land may also revert to the lessor. Finally, the use, maintenance, and alteration of the leased premises are subject to any restrictions contained in the lease.

FREE Homebuyer Seminar

Date: Saturday, August 6, 2011

Time: 9:00am – 10:00am
Location: Good Shepherd Church Parish Hall, Wailuku
(Below McDonald’s at 2140 Main Street)
RSVP: by August 5, 2011 to Na Hale O Maui
(808)244-6110
Email: Info@nahaleomaui.org

Tourist arrivals down 2.9% in June, but spending increased

By Alan Yonan Jr.
Article from: Star-Advertiser

The number of visitors traveling to Hawaii declined in June for the first time in nearly two years amid rising airfares, but visitor spending continued to rise at a near-record pace, the Hawaii Tourism Authority reported Tuesday.

The 607,264 tourists who came to the state in June represented a 2.9 percent decline from June 2010, HTA said. It was the first drop since November 2009 when arrivals fell by 1.8 percent. Visitor spending totaled $1.04 billion in June, $120 million more than the same month a year earlier.

At the current pace, spending is on track to hit $12.6 billion this year, just shy of the record $12.8 billion visitors pumped ino the Hawaii economy in 2007, said Mike McCartney, HTA president and chief executive officer. HTA also is projecting visitor arrivals to reach 7.3 million in 2011, which would be the fourth highest on record.

MONEY TALKS
The monthly visitor expenditures of visitors to Hawaii and the percentage change from the year-ago period.
2011
MONTH SPENT CHANGE
June $1.04B +13.1%
May $912.3M +5.9%
April $920.7M +20.2%
March $980.7M +11.8%
February $1.01B +18.7%
January $1.18B +19.8%
Total $6.04B +18.4%
2010
MONTH SPENT CHANGE
December $1.11B +17.9%
November $976.0M +30.4%
October $961.5M +24.7%
September $880.2M +22.2%
August $1.08B +30.0%
July $1.11B +23.3%
June $948.9M +16.1%
May $861.4M +15.9%
April $765.8M -0.7%
March $877.3M +12.0%
February $853.5M +0.8%
January $985.8M +4.1%
Total $11.4B +16.2%
Source: Hawaii Tourism Authority

Business is brisk at many Hawaii enterprises that cater to tourists. Thomas Kafsack, who owns Surfing Goat Dairy on Maui with his wife, Eva Maria, said sales at the popular tourist attraction were up 41 percent in June from the same month last year.

“The last two years have been pretty good, but things really took off this year when we added goat cheese truffles to our selection. People have been buying them like crazy in our shop and on the Internet,” Kafsack said.

He also said several companies that are hosting APEC-related events on Maui have booked Surfing Goat Dairy to provide food for their events this fall.

Maui was the only major island with an increase in visitors in June, with arrivals rising by 2.2 percent. June arrivals were down 6.3 percent on Hawaii island, 4.5 percent on Oahu and 0.4 percent on Kauai.

June’s statewide decline in tourist arrivals followed a meager 0.6 percent increase in May, both months in which airfares from the mainland to Hawaii were up by double digits over year-earlier levels. Airfares were 27 percent higher in June and 17 percent higher in May, according to HTA. Another factor that could be suppressing arrivals is rising hotel room rates.

The average daily room rate in Hawaii rose 10 percent to $175.92 in May and is expected to increase again in June.

Arrivals from all major tourist markets declined in June, except for Canada. The biggest drop was from Japan, which is still recovering from an earthquake, tsunami and nuclear plant breach in March. The 84,950 visitors who traveled to Hawaii from Japan in June was about 16,000 fewer than in June 2010. Through the first six months of the year, arrivals from Japan are down 9 percent from the same period in 2010.

Cliff Tai, who owns Hawaii Beach Bums luggage and surfboard storage in Honolulu, said his business picked up when several airlines added flights to Hawaii this spring.

Tai said he still has not fully recovered from the closing of Aloha and ATA airlines in 2008 and the subsequent downturn in tourism. Hawaii Beach Bums relies on tourists for its luggage storage business, while many of its surfboard storage customers are pilots and flight attendants who want to get in a quick surfing session during a layover in Honolulu, he said.

“I’m glad to see that Alaska Airlines is adding a flight from San Diego this fall. I’d like to see more direct flights from the mainland,” Tai said.