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A superior court judge Wednesday allowed the bulk of Rhode Island’s lawsuit against the architects of the 38 Studios LLC loan deal to proceed, dismissing only a few portions of the complaint. more
A report released Tuesday by the American Legislative Exchange Council highlights Rhode Island and three other states as models of effective pension reform. more
Former Red Sox pitcher and 38 Studios owner Curt Schilling had a heart attack as the video game company struggled, Schilling told The Boston Globe Sunday. more
Emails from the former head of the R.I. Economic Development Corporation appear to show that without a deal with 38 Studios LLC on the horizon, the General Assembly likely would not have created a multimillion-dollar loan guarantee program, WPRI reported. more
A Rhode Island House committee will open hearings Wednesday afternoon into the state’s $75 million loan guarantee to 38 Studios, WPRO reported. more
The Pioneer Institute has found that the 105 separately-managed public-employee pension plans in Massachusetts are wasting $25 million each year, reported the Boston Business Journal. more
The pension fund for the state of Rhode Island earned 11.1 percent during the 2012 – 2013 fiscal year, a 9.7 percentage point improvement over the 1.4 percent rise during the 2011 – 2012 fiscal year, R.I. General Treasurer Gina M. Raimondo announced, and WPRI.com reported, Wednesday. more
The Securities and Exchange Commission will not take any action following its investigation of the Rhode Island pension system’s disclosures and statements, General Treasurer Gina M. Raimondo announced Tuesday. more
More than one-third of Taft-Hartley pension plan leaders nationwide believe the current pension system is unsustainable and will succumb to various pressures, reported Pyramis Global Advisors, a Fidelity Investments company. more
Moody’s Investors Service announced that it will not downgrade Rhode Island’s Aa2 general obligation debt rating in light of the General Assembly’s decision not to default on its 38 Studios LLC bonds. more
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