Updated July 3 at 9:03pm
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Short-term corporate cash is increasingly being held in banks, with banks deposits now accounting for 52 percent – the largest percentage ever – of short-term corporate investment balances, according to a study by the Association for Financial Professionals, underwritten by RBS Citizens. more
Per capita consumer spending in Rhode Island grew 9 percent between 2009 and 2012, signifying improved consumer confidence since the Great Recession but lagging New England and U.S. spending growth for the same period, according to U.S. Bureau of Economic Analysis data released Thursday. more
Hasbro Inc. and video game publisher Ubisoft this week announced the upcoming launch of a digital Hasbro Game Channel that will allow consumers to download Hasbro-brand games such as Monopoly and Trivial Pursuit on next-generation game consoles. more
The productivity of U.S. workers rose more than projected in the second quarter, rebounding from the biggest drop in more than three decades and helping to restrain labor costs. more
Day One, a nonprofit organization that works to address sexual assault as a community concern, will host a training program in sexual violence prevention for Rhode Island colleges and universities from Aug. 12-15. more
The good news about health care spending continues. In the first nine months of this fiscal year, Medicare spending increased only 1.2 percent in nominal terms, and for 2014, it’s now projected to be $1,000 lower per beneficiary than the Congressional Budget Office said it would be as recently as 2010. Even the Medicare trustees are starting to recognize that something big may be happening. more
Concern about rising wealth and income inequality has generated all kinds of solutions, often focused on improving the lot of the people at the bottom with measures such as minimum wages. But instead of putting a floor on what people get, why not put a ceiling on how much they get to keep? more
“What you did on summer vacation” takes on a new meaning through the expanding Hasbro Summer Learning Initiative. more
Seems difficult to imagine that the home of Rhode Island School of Design would come up short in terms of connecting designers to clients and to one another. more
A woman looks stunned when her investment advisor tells her, “So far you have enough to smell a rose or two, but not enough to come to a complete stop and smell the roses.” more
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