Mr. Thompson, a 50-year-old and the CEO of one of the largest US health insurance companies, was ambushed at 6:45 am local time on Wednesday. The masked gunman used ammunition with the words "deny," "defend," and "depose," which may have been a reference to insurance companies' strategies to avoid paying claims. This incident has shocked not only the local community but also law enforcement officials. New York Mayor Eric Adams, a retired NYPD captain, expressed his shock on MSNBC's Morning Joe programme, highlighting the fact that the shooter used a silencer, something he had never encountered during his years in law enforcement.
Former FBI special agent Terry Rankhorn, during an interview with Kay Burley on Sky News Breakfast, described the footage of the shooting as "chilling." He emphasized that the shooter's behavior indicated that he was a practiced, seasoned, and trained professional killer. Unlike an inexperienced and emotional amateur killer, this person calmly walked out after the attack.
In the new pictures released by the police, the suspect can be seen smiling prior to the attack. This adds another layer of mystery to the case. The police are working tirelessly to gather more evidence and identify the suspect. The public is urged to come forward with any information that may help in the investigation.
The use of a silencer and the specific ammunition used by the suspect have raised many questions. Law enforcement agencies are conducting a thorough investigation to determine the motive behind the crime and to bring the perpetrator to justice. The community is on edge, waiting for answers and hoping for the safety of its residents.
Data from the US Bureau of Economic Analysis revealed that the economic growth rate increased by 1.8% in the first half of 2024, and nominal personal income growth was 5.6%. However, slower growth is expected in the second half of the year. DBEDT anticipates steady economic growth at around 2% through 2027, with construction, real estate, and the recovery of tourism as the main drivers.
Visitor spending is projected to increase from $20.6 billion in 2024 to $23.2 billion by 2027. Visitor arrivals are expected to start improving in 2025 as the Japanese visitor market recovery accelerates, with full recovery expected in 2027 when 10.4 million visitors are projected to come to the state.
Job vacancies during the first nine months of 2024 came down to 6,300, lower than the average monthly vacancy in 2019. The construction industry has been growing continuously, with a historic record high of 43,300 construction payroll jobs in October 2024. The value of private building permits increased by 28.6% during the first 10 months of 2024, and government contracts will have a lasting impact on construction activity in the next few years.
Hawai‘i's construction industry is booming, with the total value of construction reaching $11.8 billion in 2023 and a 14.8% increase in the contracting tax base during the first half of 2024.
The Federal Reserve cut its fed funds rate target by 25 basis points in November. It has cut key interest rates twice this year, reducing the Federal Funds rate to a range of 4.5%-4.75%. DBEDT predicts that Hawai‘i's economic growth rate will be 1.6% in 2024, 2% in 2025, and 1.8% in 2027. Inflation is expected to be 4.3% in 2024 and decrease to 2.6% by 2027. Hawai‘i's population is expected to decrease by 0.2% in 2024 and then increase by 0.1% each year in the following years.
To see the full report, click here.