Regulation
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EDC hires firm to investigate parties in 38 Studios deal
The R.I. Economic Development Corporation has hired Providence law firm Wistow & Barylick to pursue legal action against “third parties” connected with the 38 Studios LLC loan guarantee, Gov. Lincoln D. Chafee announced Tuesday. more
Chafee approves casino legislation
Gov. Lincoln D. Chafee signed into law legislation that would give the state 18 percent of revenue from proposed table games at Twin River Casino and Newport Grand if voters approve the measure this November. more
OSHA slaps Pawtucket River Bridge contractor with $60,900 in fines
The U.S. Department of Labor’s Occupational Safety and Health Administration has proposed $60,900 in fines against S&R/Pihl, a joint venture LLC, for fall hazards and inadequate safety procedures at the Pawtucket River Bridge construction site. more
| 6/20/12
U.S. stocks swing ahead of Fed statement
U.S. stocks fluctuated, after a four-day gain in the Standard & Poor’s 500 Index, ahead of a Federal Reserve decision on whether it will boost the economy. more
Report: R.I.’s pensions, retiree benefits cause for ‘serious concern’
According to the Pew Center report - “The Widening Gap Update” – Rhode Island’s management of its long-term liabilities for pensions and retiree health care were cause for “serious concern.” more
| 5/19/12
Report: Minimum wage bump will cost 200 jobs
By raising the state minimum wage from $7.40 to $7.75, the General Assembly will make it even more difficult for teenagers to find jobs, according to a new report from the Rhode Island Center for Freedom and Prosperity. more
| 6/18/12 | 2 comments
Labor Dept. cuts state’s extended unemployment benefits
Rhode Island no longer qualifies for the State Extended Benefits unemployment insurance program, the U.S. Department of Labor told the R.I. Department of Labor and Training on Monday. more
38 Studios claims state withheld funds from ‘negotiated deal’
Former Red Sox pitcher Curt Schilling’s bankrupt video game company, 38 Studios LLC, claimed that the state of Rhode Island refused to honor a “fully negotiated deal and agreement” to give the company funding from film tax credits, reported The Boston Globe. more
| 6/18/12 | 1 comment
Chafee to allow amended hospital bill to become law
Gov. Lincoln D. Chafee announced Friday afternoon that he would allow the legislation changing the Hospital Conversions Act to become law without his signature. more
Primack: Lessons to learn from 38 Studios
There are four important lessons to learn from Rhode Island’s 38 Studios disaster, according to Fortune Magazine Senior Editor Dan Primack. more
| 6/15/12 | 1 comment
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