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House holds Hospital Conversions Act
Those counting on the Hospital Conversions Act to be approved May 24 by the House Corporations Committee will have to wait until another day. No direct action was taken Thursday night at a committee meeting. more
Moody’s affirms 38 Studios bond rating on R.I.’s moral obligation
Moody’s Investors Service – a globally recognized rating company – affirmed the ‘A2’ rating on 38 Studios’s bonds since the bonds’ “stable” outlook is based on the state’s moral obligation pledge, which high-ranking Rhode Island officials say they intend to honor. more
38 Studios may miss out on tax credits
38 Studios LLC, the teetering video game company of former Red Sox pitcher Curt Schilling, could be ineligible for million in state tax credits because the firm is incorporated in Delaware, not Rhode Island. more
| 5/26/12 | 1 comment
Providence breaks $700,000 pension link joining nationwide insolvency fight
Providence lawmakers - facing a $1 billion deficit and squeezed for cash - reformed pensions, ending automatic raises and capping annual payouts and joining a national insolvency fight over pensions. more
Warwick pensions labeled ‘critical’
City actuaries have labeled Warwick’s Police and Fire I pension plan as “critical,” according to a letter circulated by Warwick City Councilman Joseph Solomon. more
| 5/22/12
Business formation in R.I. on rise during 1Q
Nearly 2,000 new businesses registered with the R.I. Secretary of State’s office during the three months ended March 31, making it the best first quarter in four years, according to data released Tuesday by Secretary of State A. Ralph Mollis. more
Pension Reform
1/7/12
Rosengren says Fed should act to bring down unemployment rate
Federal Reserve Bank of Boston President Eric Rosengren said the central bank should act to bring down “stubbornly, and unacceptably, high” joblessness that’s been stuck near 9 percent or above since April 2009. more
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