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Banks use $1.77T stockpile to double treasury buying
The gap between U.S. bank deposits and loans is growing at the fastest pace in two years, providing lenders with more funds to buy bonds and temper the biggest sell-off in Treasuries since 2010. more
Washington releases $864K in unused infrastructure funds to R.I.
The Obama Administration has released $473 million in unused federal infrastructure earmarks for states to use on new projects, including $864,000 in Rhode Island. more
RISCA awards 117 grants to local artists, schools, nonprofits
The R.I. State Council on the Arts has awarded 117 grants to artists, educational institutions and nonprofits - including the Trinity Repertory Company - around Rhode Island. more
| 8/17/12
Ocean State Theatre Company to leave Theatre By The Sea
The Ocean State Theatre Company Inc. will conclude its role as the production company for the Theatre By The Sea at the end of the current season, the Matunuck-based theater announced Friday. more
| 8/17/12
Employers Assn. merges with EANE
The Employers Association, a former Rhode Island-based professional organization, has merged with the Employers Association of the NorthEast, based in Agawam, Mass. more
New England jobless rate rises to 7.1%
New England’s unemployment rate rose 0.3 percentage points from June to July to 7.1 percent, the U.S. Bureau of Labor Statistics announced Friday. more
| 8/17/12
R.I. awarded $624K for food, shelter assistance
Rhode Island was awarded $624,045 in federal funding to supplement the state’s emergency food and shelter programs. more
| 8/17/12 | 1 comment
DLT rehires 7 of laid off staff
The R.I. Department of Labor and Training has rehired seven of the 51 unemployment insurance call center employees that it laid off at the end of July. more
| 8/17/12
U.S. stock-index futures are little changed before economic data
U.S. stock futures were little changed, after the Standard & Poor’s 500 Index yesterday reached its highest level since April, as investors awaited reports on consumer confidence and leading economic indicators. more
R.I. unemployment rate drops to 10.8%
Rhode Island’s unemployment rate dropped to 10.8 percent in July, marking the third consecutive month of improvement for the state’s jobless rate, the R.I. Department of Labor and Training reported Friday. more
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