Business owners outside Polihale State Park, on the island of Kauai, (republic of) Hawaii, begin repairs on the road leading to PSP, after the state Department of Land and Natural Resources said they did not have the 4,000,000 “dollars” it would take to repair the road.  The businesses are dependent upon the road being open as they are entirely dependent upon visitors to the park for their incomes.

       Postscript: After only eight days the private initiative was able to accomplish what a state agency was unable to.  “Tourism is our lifeblood. It’s what pays all of our bills.  The money that pours in comes from tourism is really an important factor for everyone here in Hawaii, and it’s such an important time to encourage tourism.”

       [updated 7/26/2024] Thanks to Chuck McGlawn for this entry.

       Due to the United States’ rapid expansion of its national debt by 5.7% (over 1,600,000,000,000 “dollars”) during the course of the previous 12 months, Governor Zhou Xiaochuan, of the People’s (central) Bank of China, urges the abandonment of the Federal Reserve Note, as the international currency, and its replacement with the Special Drawing Right (unit of account) of the International Monetary Fund.

       [added 10/24/2021] Thanks to Freedom’s Phoenix for this entry.

       Timothy F. “Turbo Tax” Geithner, secretary of the treasury secretary, proposes the Public-Private Investment Program to purchase toxic (worth less) assets (junk mortgages) from the nation’s commercial banks.  Geithner proposes the PPIP is initially capitalized at 500,000,000,000 “dollars.”

       [added 10/24/2021]