Regulation
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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
Small businesses oppose any rate hike by health insurers
Lt. Gov. Elizabeth H. Roberts began testimony on the 2013 rate hike requests by Rhode Island’s commercial health insurers by offering that “business people often have the least opportunity to have their voices heard.” more
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
Treasuries fall before U.S. bond sale amid stimulus speculation
Treasuries fell before the U.S. auctions $13 billion of 30-year bonds at what may be a record low yield amid speculation the Federal Reserve may take further measures to spur economic growth. more
RBS sues Schilling over 38 Studios loan
RBS Citizens has sued former Red Sox pitcher Curt Schilling for $2.4 million to recover the loans made to Schilling’s defunct video game company, 38 Studios LLC, The Boston Globe reported. more
| 6/14/12
Judge OKs stalking horse bid for Westerly Hospital
Following a two-hour hearing on June 13, Superior Court Judge Brian Stern gave his approval to a $69 million “stalking horse” bid from Lawrence & Memorial in New London, Conn. to purchase Westerly Hospital, now in receivership. more
Woonsocket faces receivership
Woonsocket is facing possible receivership after state lawmakers and Gov. Lincoln D. Chafee failed to agree on a supplemental tax package to repair the city’s finances before the end of this year’s legislative session Tuesday night. more
Minimum wage hike heads to Chafee for approval
The Ocean State’s lowest earners could be getting their first pay bump in five years as legislation heads to Gov. Lincoln D. Chafee for approval, according to the Associated Press. more
| 6/12/12
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