Word: hawaiians
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Dates: during 1960-1969
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Subdividing the Air. Hottest properties are cooperative apartments, which can easily be turned into hotel space to meet the tourist invasion. One of the most successful builders of co-op apartment hotels is Kepokai (Hawaiian for pounding sea) Choy Aluli, 36, a lawyer who turned to real estate after he flunked his bar exams and was twice defeated for public office. Aluli saw the hotel boom coming in 1954. But when he tried to build a hotel, he quickly learned that high land cost and tight mortgage money made it difficult for a small developer to operate. He turned...
...tourists to go around. Already all the hotels on the islands are well booked for the 1960 summer season. Last year 243,216 tourists spent $101 million in the islands, a 22% increase over 1958. Existing hotels are expanding (e.g., Henry Kaiser is adding 425 rooms to his Hawaiian Village), but not fast enough to satisfy the demand. Expansion in Hawaii is a costly undertaking because of the island's unique land situation. The federal and state governments own 42% of all the land, while 60 families own another 47%. Land that can be bought outright is scarce...
Trouble in Paradise. Few Hawaiians ever thought they would see the day when sugar planters would want-or need-to look beyond their own verdant cane fields. In the old days, sugar planters dominated Hawaii's economic, political and social life. But in the last 20 years, sugar's share of the Hawaiian gross product dropped from...
...planters' hold was further loosened in 1945-46, when the International Longshoremen's and Warehousemen's Union organized the plantations and mills and conducted a successful 79-day strike. There was a four-month strike in 1958, and today Hawaiian growers pay the highest annual wage scale in the sugar world ($15.63 a day v. $3.80 in Puerto Rico). But there is a compensation: the union cooperates to eliminate unnecessary jobs through early retirement and even repatriation of late-arriving Filipino immigrants. Result: the Hawaiian sugar industry is close to being automated. Only 13,000 production workers...
...Other members: Hawaiian Dredging & Construction Co. Ltd. and J. H. Pomeroy & Co. Inc., a San Francisco engineering firm. Both Hawaiian Dredging and Pomeroy, which have done construction work for the sugar planters for years, are old hands at development projects; Hawaiian currently is in a three-company U.S. combine deepening the Suez Canal...