Public Policy
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Illegal tunes no music to his ears
Joel Tenenbaum just received his doctorate at Boston University, where he’ll start teaching statistics courses to MBA students this fall. more
Learn from Wal-Mart: Beware bribery law
In late April, The New York Times reported that Wal-Mart’s Mexican subsidiary paid millions of dollars in alleged bribes to Mexican officials to gain approval and other favorable treatment for new stores. Wal-Mart allegedly discovered the payments in 2005, but bottled up its internal investigation. more
Guest Column: Andrew Prescott and Gordon Lang | 6/11/12
Court rules that ‘unearned’ fees are legal
In a decision that could have significant impacts on the fees that consumers pay in real estate transactions, the U.S. Supreme Court has ruled that “unearned” fees charged by lenders and other service providers do not violate federal law as long as they are not split with anyone else. more
6/11/12
Chamber pulls out of EDC marketing deal
The Greater Providence Chamber of Commerce has pulled out of a planned partnership with the R.I. Economic Development Corporation to lure out-of-state, knowledge-based companies to … more
Avedisian signs Warwick’s FY13 budget
Mayor Scott Avedisian signed the city’s fiscal year 2013 budget, which was approved by a City Council majority late Monday. more
| 6/5/12
Galvin named EngageRI chair
John Galvin, chief financial officer of Collette Vacations, has been named chairman of EngageRI. Galvin will take over for Edward Cooney, who has served as chairman and president since the nonprofit's inception in 2011. more
| 6/5/12
Chafee appoints 3 to EDC board, names ‘special adviser’
A construction materials company president, bank executive and union business manager are Gov. Lincoln D. Chafee’s latest nominees to the R.I. Economic Development Corporation board of directors. more
Fed may buy more mortgage bonds
The Federal Reserve is more likely to buy additional government-backed mortgage securities after the pace of U.S. job creation slowed, underscoring the economy’s fragility, according to Morgan Stanley and JPMorgan Chase & Co. more
Woonsocket under review for downgrade, says Moody’s
Moody’s Investors Service – a globally recognized rating company – said that Woonsocket, which is currently rated at “B2,” is under review for a potential downgrade. more
Lohrenz elected to ocean-advocacy group’s board
Steven Lohrenz was recently elected to the Consortium for Ocean Leadership’s board of trustees. Lohrenz is the dean of the School for Marine Science and Technology at the University of Massachusetts Dartmouth. He has held the position since January 2011, and previously served as chair of the University of Southern Mississippi’s Department of Marine Science. Lohrenz earned his Ph.D. in biological oceanography from the Massachusetts Institute of Technology-Woods Hole Oceanographic Institution Joint Program. more
6/11/12
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