Economic Activity
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Fitch says top AAA sovereign ratings under pressure in 2013
Fitch Ratings said its AAA credit rankings on France, the United States and the United Kingdom are likely to come under pressure this year due to slow economic growth and high debt levels. more
I-195 Commission sets schedule for development plan pitches
Two groups interested in building on the former Interstate-195 land will pitch their ideas to the I-195 Redevelopment District Commission this month. more
Mortgage bonds slump as Fed’s buying boost fades
After posting their worst returns since 1999, government-backed mortgage bonds are starting 2013 with losses on speculation the end of Federal Reserve purchases is in sight and as homeowner refinancing roils the market. more
U.S. stock futures little changed; S&P 500 near 5-year high
U.S. stock futures were little changed after the Standard & Poor’s 500 Index climbed for two weeks to trade near the highest level in five years. more
Lardaro: Economic growth continues in R.I. in Nov.
The Rhode Island economy performed well for a second consecutive month in November, raising the likelihood of a period of sustained growth, University of Rhode Island economist Leonard Lardaro said in his Current Conditions Index Monday. more
Residents face Jan. 18 deadline for mortgage claims
Rhode Islanders who lost their primary residence due to an improper foreclosure process between Jan. 1, 2008 and Dec. 31, 2011 face a Jan. 18 deadline to file a claim under the $25 billion National Mortgage Settlement. more
| 1/11/13
Trade deficit in U.S. jumps on pre-holiday surge in imports
The trade deficit unexpectedly widened in November as American retailers stocked up on imported goods for the holidays and demand for foreign automobiles rebounded following superstorm Sandy. more
Hasbro to retire classic Monopoly piece
Toy and game maker Hasbro Inc. plans to retire one of the eight iconic Monopoly game pieces in 2013, and it is letting fans vote online to determine the outcome, Hasbro announced Thursday. more
| 1/10/13
Chafee announces transparency initiative
Gov. Lincoln D. Chafee has signed an executive order in support of a new Transparency and Accountability Initiative as part of the “continuing efforts to promote open and honest government in the state of Rhode Island,” the Office of the Governor announced Thursday. more
| 1/10/13
Jobless claims in U.S. unexpectedly increased last week
More Americans than forecast filed applications for unemployment benefits last week, a sign improvement in the labor market remains uneven. more
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