With critics calling for radical change to the R.I. Economic Development Corporation in the wake of the 38 Studios disaster, Gov. Lincoln D. Chafee turned to Marcel A. Valois, a trusted name who had run the quasi-state agency 16 years earlier. And within weeks, the choice seemed to have a calming effect on the organization, which had just been overhauled and seen the departure of a large portion of management. more
While Gov. Lincoln D. Chafee’s decision to not seek a second term has simplified the politics of the upcoming race for the state’s top elective office, it does little to combat the continuing economic doldrums that Rhode Island finds itself mired in. To make a dent on that issue, Gov. Chafee needs to remain engaged in the state’s governance, as well as focused on handing over a business climate to his successor that does more to help than harm Ocean State enterprises.
Gov. Lincoln D. Chafee proposed an $8.5 billion fiscal 2015 budget on Wednesday that freezes tuition at public colleges and extends the state historic-tax-credit program. Chafee delivered the budget proposal along with his final State-of-the-State address that focused on education and infrastructure.
House Republican leaders proposed a short-term increase in the debt ceiling that would continue the government shutdown and reduce the prospects for a U.S. default while extending the partisan fiscal fight.
By Roxana Tiron, Richard Rubin and Phil Mattingly Bloomberg News
Even with the flawed roll out of health-care reform and uproar over spying, Barack Obama is enjoying one of the best stock markets for a re-elected president. Signs are building that it might not last.
President Barack Obama is pushing to raise the U.S. minimum wage higher than $7.25 an hour – the rate it’s been for four years. Half of the U.S. population won’t have to wait: They live in places where the bottom rate is already higher than that.
By William Selway and Jim Efstathiou Jr. Bloomberg News
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.