It appears that General Growth Properties is at cusp of having to file for Chapter 11 bankruptcy protection. GGP has failed thus far to convince bond holders to give a reprieve on repaying 2.25 billion dollars in debt.In response to this impasse they’ve extended the deadline to change the minds of the bond holders. However I strongly believe that is delaying the inevitable. William Ackman, who controls 25% of GGP stock, has even gone on record that GGP should file for bankruptcy.
I noticed this article about HBOS souring foreign investments during my web surfing today. It certainly would’ve been interesting if there was any mention of the Hokulia project in this article.As HBOS is a major financial backer of the overall Hokulia project. However disappointingly there was no mention of HBOS financial stake in Hokulia.
Hopefully HBOS will be able to resume funding for this project. Thus the incomplete infrastructure and the rest of the Hokulia bypass can be completed.
Attorney Charley Foster did a interesting blog entry about a possible sovereignty defense that a Native Hawaiian could use to fight a traffic citation.Kai Landow commented on Charley’s legal argument under the reader comments. I also noticed he has created a blog with a title “Aaron Stene Answered.” This blog is likely in response to my criticism of Leon Siu’s outlandish Hawaii ceded lands commentary.However the latter blog is empty of any content.
I’m utterly disgusted by Rep. Bertram’s assertion that soliciting sex online is a imaginary crime.I guess he hasn’t seen Chris Hansen’s “To Catch a Predator” MSNBC series.
Lastly, Richard Ha blogged more here about the upcoming BLNR vote on the Mauna Kea Comprehensive Management Plan.
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