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Views expressed in this Hawaii and U.S. News update are those of the reporters and correspondents.  Accessed on 03 November 2025, 1447 UTC.

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Bessent: High U.S. interest rates may have caused housing recession

Bessent: High U.S. interest rates may have caused housing recession

“I think that we are in good shape, but I think that there are sectors of the economy that are in recession,” Bessent said on CNN’s “State of the Union” program. “And the Fed has caused a lot of distributional problems with their policies.” Bessent said that, although the overall U.S. economy remains solid, high mortgage rates still hinder the real estate market. Read more

U.S. probes near miss between Southwest Airlines jet and helicopter

U.S. probes near miss between Southwest Airlines jet and helicopter

The NTSB said the two aircraft experienced a loss of separation – meaning they came closer to each other than the required minimum safe distance – when Southwest Flight 1333 was making its final approach on a flight from Baltimore-Washington International Thurgood Marshall Airport (BWI). Read more

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kh6jrm@gmail.com

I am the retired news director of Pacific Radio Group stations on the Island of Hawaii. I am a retired Lt. Col., USAF Reserve. I am a FCC-licensed Amateur Radio Operator, holding the Amateur Extra Class License. I am a substitute teacher for the state of Hawaii Department of Education.

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