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Parents plan to cover about two-thirds of the cost of their children’s college education and expect the children to provide the remaining one-third from part-time jobs, saving and student loans, according to Fidelity Investments’ eighth annual College Savings Indicator Study. more
BayCoast Bank has begun construction on its new branch in the South Dartmouth section of Dartmouth, the bank’s 18th location in the Massachusetts south coast region. A groundbreaking was held at the site on Aug. 14. more
A new progress report on student learning in city schools shows improvement in graduation rates and the dropout rate in 2012-13 and reflects administrative commitment to making more progress. more
The economy in the United States took a step forward as home sales unexpectedly climbed, manufacturing accelerated and the outlook for the second half of 2014 brightened. more
Providence Optical was named one of “America’s Finest Optical Retailers” for 2014 by “Invision” magazine, a business publication for eyewear professionals. more
On Thursday night President Obama slept where few presidents have slept before: Rhode Island. It’s been more than a half-century since a sitting president–JFK–spent the night in the nation’s smallest state. more
Trying to capitalize on yesterday’s news that the U.S. economy expanded more than forecast in the third quarter, President Barack Obama today will try to rally female voters in Providence, Rhode Island, four days ahead of the U.S. midterm elections. more
After reportedly being valued at $3 billion by Facebook and then at $10 billion by Alibaba – neither deal actually happened – the ephemeral messaging service Snapchat is finally getting a revenue stream. After deliberating for more than a year on how to make money, its solution is the most unoriginal imaginable: advertising. more
At his Aug. 13 press conference to present the Bank of England’s quarterly inflation report, Gov. Mark Carney sashayed around a direct question asking whether an early interest-rate increase might be a helpful way to ensure borrowing costs rise only slowly and gradually. Minutes of the central bank’s most recent policy meeting, released Aug. 20, suggest his discomfort was warranted – and that an increase is likely even before wages start to grow. more
To the Editor: The PBN article (“Partisan differences energize power plans,” July 14) rightly notes that the state’s next governor will shape Rhode Island’s energy future. It shouldn’t be a question of if clean energy is a part of that future, but instead how can clean energy be a part of that future, in a way that benefits Rhode Island’s economy, energy security and environmental goals. more
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