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Question of the Day
Furloughs to close government offices
SACRAMENTO — Most California state government offices will be closed Friday, the first of three monthly furlough days intended to save the state money.
The shutdowns are part of Gov. Arnold Schwarzenegger’s order to give state employees three days off a month without pay, effectively reducing their income about 14 percent.
In February, the governor ordered workers to take two days off a month without pay. He recently expanded the furlough after lawmakers failed to cut employees’ pay by an additional 5 percent.
California needs to conserve cash because its budget is $26.3 billion out of balance.
The two-day-a-month closures were expected to save the state $1.3 billion between February and July 2010. The third furlough day will save another $425 million in the current fiscal year.
Renowned hotel to shut its doors
HONOLULU — The Y-shaped Ilikai hotel that has graced the Waikiki skyline for nearly five decades — and hosted guests ranging from U.S. presidents to Elvis Presley — is closing.
The new owner is ceasing hotel operations of the iconic property after Thursday’s business day because of mounting operating losses.
New York-based iStar Financial Inc., which acquired the hotel for $51 million at a foreclosure auction in May, has not indicated what it will do with the 203 hotel rooms in the 1,000-unit hotel-condo property.
Guests are being relocated to other hotels.
The 30-story Ilikai was considered Hawaii’s first luxury high-rise hotel when it was completed in 1964. It gained prominence in the 1970s when it was featured in the opening sequence of the hit TV series “Hawaii Five-0.”
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