State collects $100M in unpaid taxes

The Hawaii Department of Taxation says it has collected more than $100 million in taxes owed to the state through a delinquent tax collection program.The department applied computerized tracking technology to a database of businesses and individual tax filing records to identify companies and people who failed to file some or all of their required tax returns.

It carried out the program through a contract with CGI Technologies and Solutions.

ROB MC

FOR GREAT NEWSLETTER AND UPDATES CONTACT:
Rob McCarthy @ rob@101loan.com
Thank you Rob for this great update! 

 

This week…The federal reserve decided to leave the fed fund alone as we expected.  In addition, news came out last week that Chinese factories stepped up production in August, which helped ease concerns of a double-dip recession in US.  Good news for us but still not enough to get the economy back on track.  As a result, as indicated yesterday, there is some speculation that the Fed will start buying mortgage back securities again to keep rates down and stimulate the economy.  While interest rates went up almost 2 weeks in a row, they finally came back down as a result of yesterdays news. 
 

In addition…Please see this quarters newsletter I just finished to include today’s rates for your review.  For customized rate quote or to get in ready position to purchase or refi, please contact me.
 

Have a great week!
 

BTW…see what clients are saying about me (http://www.yelp.com/biz/101-loan-campbell-2)
 

 

Maui Land & Pineapple selling Kapalua Bay Course

Maui Land & Pineapple Co. is selling the Kapalua Bay Course to TY Management Corp. of Hawaii for $24 million.

Maui Land announced Wednesday that under the terms of the sale, which is expected to close before the end of September, it will enter into a lease to operate the golf course until March 31, 2011.

Last year, Maui Land sold the Plantation Course in Kapalua, home to the PGA Tour’s season-opening SBS Championship, to TY Management for $50 million.

Designed by Arnold Palmer and Francis Duane, the 6,600-yard, par 72 Bay Course opened in 1975. The course has hosted many golf tournaments over the years, including the 2008 LPGA Kapalua Classic.

FOODLAND TO TAKE OVER LAHAINA FARMS

LAHAINA – Foodland Super Market Ltd. will take over operations of Lahaina Farms and rename the business Foodland Farms Lahaina today.

Lahaina Farms opened the 14,000-square-foot supermarket in Lahaina Gateway in June 2008 as a purveyor of island grown, speciality, gourmet, natural, organic and traditional foods. It incorporated an R. Field Wine Co. outlet, and has a coffee kiosk, gelato bar, bakery and deli.

It was started by Kalama Beach Corp., which is one of three affiliated retail businesses owned by the Sullivan family, which also founded Foodland.

There also are Foodland Farms stores at Mauna Lani on the Big Island and Aina Haina on Oahu.