Across our screens today:US on the way to recovery, though the immediate may be challenging, says the President’s top economic adviser. Are foreclosures racist? One Reuters blogger asks. From the same blogger: How to avoid a fiscal panic! The disparity between college spending on academics and athletics grows more vast. Schools spent a media of $84,446 per athlete in 2008 and a median of $13,349 per student in academic spending. (In Hawaii, the University of Hawaii’s athletics program is still $10 million in the hole.) How dangerous is U.S. government debt? Myths and realities of China’s high saving rate. Biggest national fails: Foreign Policy’s Failed States Index 2010, a sixth annual look at the world’s most struggling countries. Hawaii’s tow truck economics. A new report on state defined contribution and hybrid pension plans. Tax credits get Hawaii firms hiring again. How the Fed struggles to save homeowners.
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News In Brief
Abe Won’t Visit Pearl Harbor
Japan’s prime minister made the remarks amid President Obama’s trip this week to Hiroshima.
Calls To Fight Rapid Ohia Death
Government officials from Hawaii County to Washington, D.C., are seeking to step up efforts to control the tree fungus growth.
New Lava Flows From Puu Oo
The two flows from the Kilauea vent on the Big Island are moving in different directions but are not yet threatening communities.
Many of the costs the state pays aren’t detailed in budget documents. And the expense is not the only issue.