Economic Activity
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R.I. home sales rise, prices fall in September
Sales of Rhode Island single-family homes rose 8 percent in September compared with the same period last year, the 15th consecutive month of increased year-over year sales, the Rhode Island Association of Realtors said Wednesday. more
JH Partners acquires financial interest in Alex and Ani
Alex and Ani LLC, jewelry designer and retailer, has announced that JH Partners LLC, a private equity firm that specializes in growth capital for consumer-focused companies, has acquired a financial interest in their company. more
Oil drops to lowest in 3 months on economic outlook concern
Crude dropped below $87 a barrel to the lowest in almost three months in New York while London’s Brent futures fell for a sixth session as companies missed sales forecasts leading to concern about the global economic outlook. more
JWU purchases Clifford St. building for $2.8M
Johnson & Wales University has purchased a building in Providence’s former Jewelry District to become the future home of a new physician’s assistant program. more
R.I. in bottom 5 on ULI’s Emerging Trends report
Of the 51 markets covered in the Urban Land Institute’s 2013 Emerging Trends in Real Estate report, Providence ranked 46. more
| 10/22/12
Leadership RI sponsors 6-month Central Falls program
To help create a sustainable model of community development, Leadership Rhode Island is sponsoring a six-month leadership development program called Leadership Central Falls, which will launch on Thursday, Oct. 25, the same day the city’s bankruptcy officially ends. more
| 10/22/12
Hasbro profits fall 3% in 3Q
Profits for Hasbro Inc. fell 3 percent to $164.9 million, or $1.24 per diluted share, in the third quarter of 2012, compared with $171 million, or $1.27 per diluted share, for the same period in 2011. more
| 10/22/12
U.S. stock futures rise as investors watch corporate results
U.S. stock futures advanced, following the biggest decline since June in the Standard & Poor’s 500 Index, as investors watched corporate results. more
Escape or reality, the red pill or the blue one?
Morpheaus, the mysterious leader of the human resistance in the iconic movie “The Matrix,” holds out his hands to Neo, the young seeker of truth, offering him two pills. The red one holds the truth of the world, and the blue an escape back to the carefully constructed world of the Matrix. We learn fairly quickly that the “real” world is a nightmare compared to the dream of the Matrix. You don’t need to see this movie to grasp the meaning of choosing one pill over the other. more
Guest Column:
David Brochu | 10/22/12
Lower taxes, simpler code can spark economic growth
PBN: Your campaign literature highlights your background as a Wall Street broker and investment expert. How will that background help you be a good congressman? more
By John Larrabee
Contributing Writer | 10/22/12
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