Bank of America Corp. is nearing a settlement with the U.S. Justice Department after raising its proposed offer to resolve probes into its sale of mortgage-backed bonds in the run-up to the financial crisis, according to people familiar with the talks.
By Keri Geiger, Tom Schoenberg and Hugh Son Bloomberg News
Phil West spent years working to shine a light on corruption in Rhode Island government as the leader of Common Cause. Collaborating with others determined to dislodge the structure of favoritism and self-serving deals by legislators and other government leaders, West saw some things change.more
BOSTON – According to Massachusetts state records, from 2007 to 2013, more $16.5 million was spent on lobbyists for the gambling industry, the Boston Globe reported on its website last week. A majority of that money came from the developers and property owners vying for one of the few potentially lucrative casino licenses in the state.
In most neighborhoods, the pair of two-story colonials that began rising on a Providence street corner four years ago – one cream-colored, the other gray with a big garage door facing the sidewalk – wouldn’t raise an eyebrow.
Lawmakers reshaped Rhode Island’s tax code this summer, cutting taxes in some areas and raising them elsewhere in a bid to improve the state’s much-maligned business climate while plugging revenue gaps.
PROVIDENCE – Gov. Lincoln D. Chafee signed into law legislation passed by the General Assembly that helps expedite the R.I. Department of Health’s certificate of need process for domestic “medical tourism” companies looking to locate in Rhode Island.
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