The stock market has been going gangbusters, which is great news for those with retirement funds and other investments.

In the midst of all this celebrating, though, the outlook for Hawaii government workers, depending on the market for their pension and health care funds, is not so rosy. The shortfall in both funds has risen, now standing at $25 billion. Let’s hope someone rejiggers the investment portfolio so Hawaii government retirees can benefit from the market largesse. In any event, the state has been resolute in paying down unfunded liabilities. Stay that course, people.

Study sinks idea of an interisland ferry system

As long as round-trip island-hopping is largely limited to shelling out more than $100 for airline tickets, travelers will wonder why Hawaii lacks a bustling ferry system. A new state study offers up solid reasons, starting with a lack of pier space and a hefty price tag for new infrastructure needed at state harbors to accommodate a system. Also, unless tickets are lower than airfare, who would opt for longer boat travel time (and potential seasickness)?

The state is slated to receive $500,000 in federal funds for further ferry study. But unless technology speeds travel time and lowers costs, more study will likely yield the same conclusions.