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Incentives face scrutiny in G.A.
Business incentives and tax breaks were in the spotlight in the past year and will almost certainly be again in 2013. more

By Patrick Anderson
PBN Staff Writer | 12/31/12

Judge orders mediation for pension cases
Superior Court Associate Justice Sarah Taft-Carter has ordered the parties involved in the state pension reform litigation into mediation, the R.I. Judiciary announced Tuesday. more
| 12/18/12
Providence police agree to pension changes
Providence police officers have approved the package of pension and retirement benefit changes agreed to with the city in May, clearing the way for its implementation. Police were the last group of rank-and-file municipal employees to ratify the landmark cost-cutting settlement. more
Chafee, business leaders at odds on view of economy
Gov. Lincoln D. Chafee’s latest idea for repairing the Rhode Island economy may be his most controversial. more

By Patrick Anderson
PBN Staff Writer | 12/10/12

R.I.’s needed pension cuts pass legal test
From Athens to Rome to Providence, Rhode Island, the painful truth about pensions is the same: Unfunded liabilities need to be reformed, and unions don’t like it. more
Bloomberg analyzes 38 Studios lawsuit
Curt Schilling, the former baseball All-Star, struck up a conversation at a March 2010 fundraiser that would sow the seeds of financial ruin and has led to claims of a $75 million fraud. more
EDC is ‘not broken,’ says Chafee
Gov. Lincoln D. Chafee will keep the state’s formerly beleaguered economic development apparatus intact for the rest of the year and in his proposed budget for the next fiscal year, he said Thursday. more
Death of a firm can breathe life into others at auction
SJ Corio Co. President Salvatore Corio Jr. has been running liquidation auctions in Rhode Island since 1983, so when he took on the 38 Studios LLC bankruptcy sale, he knew he was in for a big job. With over 2,000 lots on the block, selling everything in one session while maximizing returns for taxpayers would take speed and endurance. Over a nearly uninterrupted 10 hours of bidding, the auction recovered $650,000 for the state as Corio mixed his trademark blend of rapid-fire humor with salesmanship. More than once, he asked for a bid of $75 million, the amount of the 38 Studios loan guarantee. more

By Patrick Anderson
PBN Staff Writer | 11/26/12

Permanent damage risk of 38 Studios suit
As if Rhode Island needed another black eye on its national reputation as a place to do business, Gov. Lincoln D. Chafee has taken on the Sisyphean task of trying to extract more revenue from the 38 Studios LLC bankruptcy. more
11/12/12
Suit over 38 Studios deal risks collateral damage
Rhode Island’s $75 million loan guarantee to 38 Studios LLC was already synonymous with bad judgment. The state’s lawsuit against the deal’s participants now attempts to link it with fraud and incompetence. more

By Patrick Anderson
PBN Staff Writer | 11/12/12

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