Regulation
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R.I. setting standard for bondholders’ love
Central Falls, the first city in Rhode Island’s 222-year history to go bankrupt, is preparing to exit court protection after 13 months by keeping bondholders whole while raising taxes and cutting workers and pensions. more
R.I. awarded $2.2M for cancer care, screenings
Rhode Island will receive $2.19 million in federal U.S. Centers for Disease Control and Prevention funds to help improve early detection and treatment of cancer, U.S. Sen. Jack Reed announced Thursday. more
| 8/30/12
Summer Infant issues voluntary recall on baby bathers
Summer Infant Inc. is issuing a voluntary recall on its Mother’s Touch/Deluxe baby bathers due to the risk of serious head injury to infants. more
| 8/30/12
R.I. to receive $2.67M from Janssen settlement
Rhode Island will receive $2.67 million as part of a $200 million settlement with Johnson & Johnson subsidiary, Janssen Pharmaceuticals Inc., Attorney General Peter F. Kilmartin announced Thursday. more
Lowell man charged with crowd-funding fraud
Massachusetts Secretary of State William F. Galvin has charged a Lowell man with “crowd-funding fraud,” his office said. more
State lands $330K for WorkShare program
Rhode Island will receive a $330,000 federal grant to help improve the state’s short-time compensation/layoff prevention program known as “WorkShare,” Rhode Island lawmakers announced Wednesday. more
| 8/30/12
Judge approves Central Falls bankruptcy plan
(Updated, Sept. 7, 9 a.m.) Central Falls took its first steps away from bankruptcy Thursday as Judge Frank Bailey affirmed the city’s Chapter 9 debt adjustment plan. more
Nuclear energy must be in New England’s power mix
Calls by former Citigroup Inc. CEO Sanford Weill and others to break up the big banks reflect lingering public fear and anger toward financial institutions that seem too big to fail. more
Guest Column: Phillip Swagel | 9/10/12
Moody’s says U.S. faces Aaa cut without budget deal in 2013
Moody’s Investors Service said it may join Standard & Poor’s in downgrading the U.S.’s credit rating unless Congress next year reduces the percentage of debt-to-gross-domestic-product during budget negotiations. more
Cuts in defense, Medicare could mean fewer jobs for R.I.
Rhode Island could lose up to $82 million and more than 3,000 jobs due to sequestration in defense and Medicare spending, respectively, according to reports released by the Center for Security Policy and the Hospital Association of Rhode Island. more
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