Waitiki. Don Tiki! Kapono! Pablus! Al Harrington! CDs will be available soon. - General Tiki

L lanikai Member Hawaii Joined: May 15, 2004 Posts: 490	L lanikai Posted posted on Fri, Mar 17, 2006 12:40 PM On 2006-03-17 10:51, aquarj wrote: I'm not sure how that affected Oahu, but in Kauai a lot of local businesses never recovered. I don't remember for sure, but it might've been the straw that broke the back of the Coco Palms as well. -Randy It broke the back and each and every other part of coco palms as well. Not as a straw but as a devastating major natural disaster. Levelled the property. It will reopen but Iniki almost completely destroyed Coco Palms. In the 90's japanese investors bought too much property at overinflated prices, here in Hawaii. the bubble burst and heads rolled. America investment companies swooped in over the subsequent years to pick up estates and hotels and such at almost dimes on the dollar. This of course affected the japanese economy and we saw a big downturn of japan Tourists. there is too much minutiae to go into here re; the effects of this, throughout our businesses, but just be assured things were much different in so many ways before the 90's. The early 90's America was affected by the "Persian Gulf crisis" and this also, led to a decrease in Hawaii tourism. This has a domino effect here. Many left for the mainland. And still, to this day, there is a "brain drain" as we continually see an exodus from all strata of the work force and the swarm to the mainland. Even cops are courted (no pun intended) by other states, and they gladly accept. [ Edited by: lanikai 2006-03-17 15:38 ]

On 2006-03-17 10:51, aquarj wrote: I'm not sure how that affected Oahu, but in Kauai a lot of local businesses never recovered. I don't remember for sure, but it might've been the straw that broke the back of the Coco Palms as well.

-Randy

It broke the back and each and every other part of coco palms as well. Not as a straw but as a devastating major natural disaster. Levelled the property. It will reopen but Iniki almost completely destroyed Coco Palms.

In the 90's japanese investors bought too much property at overinflated prices, here in Hawaii. the bubble burst and heads rolled. America investment companies swooped in over the subsequent years to pick up estates and hotels and such at almost dimes on the dollar.
This of course affected the japanese economy and we saw a big downturn of japan Tourists.
there is too much minutiae to go into here re; the effects of this, throughout our businesses, but just be assured things were much different in so many ways before the 90's.

The early 90's America was affected by the "Persian Gulf crisis" and this also, led to a decrease in Hawaii tourism. This has a domino effect here. Many left for the mainland. And still, to this day, there is a "brain drain" as we continually see an exodus from all strata of the work force and the swarm to the mainland. Even cops are courted (no pun intended) by other states, and they gladly accept.

[ Edited by: lanikai 2006-03-17 15:38 ]

Post #221456 by lanikai on Fri, Mar 17, 2006 12:40 PM