Updated May 27 at 11:28pm
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Despite a renewed call to stop repayment of state moral obligation bonds issued for the now-bankrupt 38 Studios LLC, Fitch Ratings Inc. expects payments will continue and has reaffirmed an AA rating with a stable outlook for the state’s general obligation bonds and consolidated capital development loans. more
If Rhode Island taxpayers are repaying a debt secured under fraudulent representation, should they keep paying? The recent disclosure that the Securities and Exchange Commission has filed charges against the state's economic-development … more
R.I. Taxpayers is no longer. The association, which said it advocated for “honest, effective and fiscally sound government on behalf of individual and business taxpayers” and published a newsletter called Taxpayer Times five days a week, stopped operations on Thursday. more
(Updated, 5:12 p.m.) The Securities and Exchange Commission on Monday filed charges against the R.I. Economic Development Corp. and its bond underwriter Wells Fargo Securities, alleging fraud that stems from a 2010 municipal bond offering to finance the now-defunct video game company 38 Studios LLC. more
Those awaiting the start of the civil suit regarding 38 Studios LLC will have to hold out at least a couple weeks longer, as the start date has been pushed back. more
While they never really left Pawtucket, to many of us it sure seemed like they did. Last year was a difficult year for the community. more
Nearly 500 attendees at the Northern Rhode Island Chamber of Commerce annual dinner received both a quick pep talk from Gov. Gina M. Raimondo and assurances from Pawtucket Red Sox Chairman Larry Lucchino that the team was re-committing itself to minor league baseball in Pawtucket. more
Amid concerns of sliding attendance caused partly by last year’s failed attempt to build a new baseball stadium in Providence, Pawsox owners are trying to make amends with fans and the team’s hometown of Pawtucket. more
Scrawled on a piece of lined paper buried deep among thousands of court documents is a handwritten note: "OK to be bold, but this is as aggressive as we've done." The word "aggressive" is underlined and there's an arrow pointing at … more
A R.I. Superior Court judge on Friday is expected to hear arguments about whether the court should order U.S. Securities and Exchange Commission testimony of J. Michael Saul to be included in an ongoing civil suit regarding 38 Studios LLC. more
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