Updated July 28 at 9:39pm
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Bank of America Corp. must set aside $490 million of its Aug. 21 $16.7 billion settlement to cover taxes that borrowers face on forgiven mortgage debt - a step taken by the Justice Department to give homeowners relief that Congress has failed to provide. more
Practicing surgeon from Providence discusses his new book, “The Cost of Cutting: A Surgeon Reveals the Truth Behind a Multibillion-Dollar Industry.” more
The U.S. Food and Drug Administration issued a statement discouraging the use of laparoscopic power breaking up and removal of the uterus or uterine fibroids, a recommendation Women & Infants urogynecologist Dr. Charles Rardin is arguing against. more
The Comprehensive Cancer Center of Rhode Island together with The Miriam Hospital and Newport Hospitals will host Avenues of Healing’s “The Healing Power of Humor,” an educational and entertaining event about managing stress, cancer care and surviving. more
The Rhode Island Consortium for Autism Research and Treatment, a group of the state’s leading experts on autism research, education, health and services, is currently enrolling new participants in its confidential statewide registry. more
The R.I. Executive Office of Health and Human Services announced that it will allow families to extend RIte Care coverage immediately as opposed to waiting for their renewal notices. 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
Overfishing, pollution and changing onshore habits have conspired to nearly wipe out Rhode Island’s wild oysters. But thanks to a joint project by environmentalists and some Rhode Island restaurants named Oysters Gone Wild, the shellfish has hope to reclaim at least some of its former prominence and along with it, return Narragansett Bay to a more pristine state. more
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