Gov. Lincoln D. Chafee’s latest idea for repairing the Rhode Island economy may be his most controversial. more

PROVIDENCE – Beleaguered video game company 38 Studios LLC last week declared Chapter 7 bankruptcy, as a formal investigation of the company began. more

Compiling the list of those hurt by the implosion of 38 Studios LLC is easy. more

On Friday, Superior Court Judge Sarah Taft-Carter gave final approval over the pension agreement between the city of Providence and its retirees, according to WPRI. more

The New York Times published an excellent account of how Curt Schilling bilked the taxpayers of Rhode Island out of millions of dollars to subsidize his now-defunct company, 38 Studios LLC. Unfortunately, there was something missing from the story: Schilling himself, who declined to speak to the reporter. more

Rhode Island General Treasurer Gina M. Raimondo has experienced a meteoric rise to fame that most politicians can only envy. more

One of the most important goals that former R.I. Economic Development Corporation Executive Director Keith W. Stokes set when he took the job in early 2010 was the need to measure the results that the state’s various economic-development programs were producing. The lack of any such controls was exposed by a two-part series in Providence Business News in June 2010 that documented how little the state knew about the companies it had supported through the federally funded Small Business Loan Fund and its related microloan fund. Despite federal reporting requirements, the state had no idea how many jobs the recipient companies currently had. In addition, the failure rate of the loans was double that of similar commercial loans made by banks. more

To the editor: Your Morning Call e-newsletter (“Legal fees mounting in 38 Studios case,” Sept. 18, 2012), prompts several observations. I hope there is enough money for potential recovery to justify the large legal fees involved. Before the state spends any more of our money on this, I think they have an obligation to tell the public how much we might be able to recover. more

Just as the collapse of 38 Studios LLC illustrated the importance of keeping close tabs on taxpayer-backed loans, the bankruptcy also marked the demise of a two-year effort to improve how all R.I. Economic Development Corporation investments are monitored and analyzed. more

There are many things that the Ocean State would like to be known for – Newport’s mansions, stuffies, Waterfire, Trinity Rep. But the odds are long against the supposition that we want to be known as the home and final resting place of 38 Studios LLC. And yet, that seems to be Rhode Island’s fate. more