Politics
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38 Studios back in default
Gov. Lincoln D. Chafee said Friday afternoon that 38 Studios LLC was back in default on its $75 million loan guarantee deal with the state for violating labor laws governing mass layoffs. more
Wampanoag casino deal most lucrative in U.S.
The 21.5 percent share of revenue Massachusetts will earn from a casino built by the Mashpee Wampanoag Tribe is the most any state has ever negotiated with an American Indian Tribe, according analyst Clyde Barrow. more
| 7/12/12
House Finance Committee approves $8.1B 2013 budget
The House Finance Committee unveiled and then approved an $8.1 billion fiscal 2013 state budget late Thursday night, which scraps controversial meals, hotel and sales tax expansions more
Report: Minimum wage bump will cost 200 jobs
By raising the state minimum wage from $7.40 to $7.75, the General Assembly will make it even more difficult for teenagers to find jobs, according to a new report from the Rhode Island Center for Freedom and Prosperity. more
| 6/18/12 | 2 comments
State would get 18% of Twin River table game revenue
Rhode Island would receive 18 percent of revenue from proposed table games at Twin River Casino if voters this November approve allowing the facility to open them there. more
Supreme Court upholds health care reform law
The U.S. Supreme Court issued its much-anticipated ruling this morning on the Patient Protection and Affordable Care Act, upholding the law, saying in a 5-4 decision that the law, with its mandate requiring health insurance coverage, was constitutional. more
Chafee chooses EDC official to head agency
Gov. Lincoln D. Chafee plans to nominate William J. Parsons, current managing director of community and business development, to be the next executive director of the R.I. Economic Development Corporation. more
| 11/29/12
RIPEC to examine EDC, as Chafee names 3 to board
The Rhode Island Public Expenditure Council will examine the current structure and operation of the R.I. Economic Development Corporation in light of the recent 38 Studios LLC loan guarantee debacle, Gov. Lincoln D. Chafee announced Thursday. more
RBS sues Schilling over 38 Studios loan
RBS Citizens has sued former Red Sox pitcher Curt Schilling for $2.4 million to recover the loans made to Schilling’s defunct video game company, 38 Studios LLC, The Boston Globe reported. more
| 6/14/12
R.I. setting standard for bondholders’ love
Central Falls, the first city in Rhode Island’s 222-year history to go bankrupt, is preparing to exit court protection after 13 months by keeping bondholders whole while raising taxes and cutting workers and pensions. more
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