Politics
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Providence gets 30% bonus curbing $109,000 retirees
Providence was so close to running out of cash a year ago that it couldn’t pay for tires on police cars. This month, Wall Street lined up to lend to Rhode Island’s capital, shrinking … more
U.S. stock futures drop as Cyprus bank levy renews euro concern
U.S. stock-index futures fell as euro-area leaders imposed a levy on Cypriot bank deposits to cut the cost of a bailout, sparking concern the measure may one day be used in the bigger economies of Spain or Italy. more
Judge rules Providence pension settlement fair
Superior Court Associate Justice Sarah Taft-Carter has issued a ruling that Providence’s pension settlement is “fair, reasonable and adequate,” according to a statement released today by Providence Mayor Angel Taveras. more
| 3/11/13
Shooters proposal likely to be decided next month
The future of the former Shooters nightclub property on the Providence waterfront sits delicately poised between the destination performing-arts venue a community group envisions and the sad, vacant lot it is today. more

By Patrick Anderson
PBN Staff Writer | 3/11/13

Cahill will pay $100K to settle ethics claims
BOSTON – Former Treasurer Timothy P. Cahill will pay $100,000 and serve a pre-trial probation period of 18 months to four years after admitting to violating state ethics law, Attorney General Martha Coakley announced. more
3/11/13
Corruption prompts code of ethics
Central Falls Mayor James Diossa is among the new guard of political leaders hoping to step out from the shadow of public corruption that often runs beside issues of taxes, incentives and educating a 21st-century workforce in Rhode Island. more

By Rhonda Miller
PBN Staff Writer | 3/11/13

Chafee nominates 5 for EDC board
Shannon Brawley, Nancy Carriuolo, Roland Fiore, Jason Kelly and George Nee are the latest to be nominated by Gov. Lincoln D. Chafee for the R.I. Economic Development Corporation board of directors, Chafee announced Thursday afternoon. more
| 3/7/13 | 1 comment
Schilling seeks lawsuit dismissal
Former Red Sox pitcher Curt Schilling has filed court documents asking R.I. Superior Court Judge Michael Silverstein to throw out the state of Rhode Island’s lawsuit against him and others at now-defunct videogame company 38 Studios LLC, reported The Boston Globe. more
| 3/5/13
Chafee admits difficulty finding new EDC board candidates
Gov. Lincoln D. Chafee Monday night said he expects to nominate new members to the depleted R.I. Economic Development Corporation Board of Directors by the end of the week, but acknowledged finding candidates has been difficult. more
U.S. stock futures decline on China data, federal spending cuts
U.S. stock-index futures declined as growth slowed in China’s services industry and American lawmakers signaled federal spending cuts will continue for weeks before they can reach a budget resolution. more
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