Unions
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CVS reaches agreement with union at 500 California stores
CVS Caremark Corp. and the United Food & Commercial Workers union have signed a five-year cooperation agreement giving CVS/pharmacy employees at roughly 500 stores in Los Angeles, San Francisco and San Diego the opportunity to vote on whether or not they want to be represented by the union. more
| 1/18/13
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
R.I. municipalities finally acknowledge pension woes
If the first step toward a solution is admitting you have a problem, then 2012 has seen progress for Rhode Island’s distressed, locally run, municipal pension plans. more

By Patrick Anderson
PBN Staff Writer | 11/12/12

Nonunion employers can’t ignore Obama’s NLRB
Most nonunion employers understandably pay relatively little attention to the National Labor Relations Board’s decisions and regulations. The NLRB administers the National Labor Relations Act and most often decides cases involving attempts to form a union or conduct of an employer dealing with its employees’ union. more
1/7/13
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
‘One thing [won’t] fix our economy’
With his city’s fiscal position stabilized, Providence Mayor Angel Taveras has turned toward growing the local economy and redeveloping underutilized properties. That’s brought him up against some of the most difficult and expensive challenges in Rhode Island. They include saving its tallest building, the Industrial Trust Tower, and its most spectacular historic-redevelopment failure, the South Street Power Station (Dynamo House). They also include bringing long-sought streetcar service to the capital city and replacing abundant surface parking lots with productive, activity-generating buildings. more

By Patrick Anderson
PBN Staff Writer | 4/22/13

Union membership falls in R.I., Mass. in 2012
Rhode Island and Massachusetts both had fewer union members in 2012 than in 2011, according to a report released by the U.S. Bureau of Labor Statistics on Wednesday. more
| 3/6/13
Colleges give faculty perks as student costs grow
The University of Chicago paid James Madara $2.5 million in severance when he stepped down in 2009 as medical dean and hospital chief. Madara, who remained on the faculty, later joined the American Medical Association. more
Bloomberg News | 3/18/13
Raimondo defends pension investments
Critics of the Rhode Island pension system’s growing investment in hedge funds warn that they’ve increased the state’s exposure to risk while subjecting it to the notoriously high fees charged by alternative-investment managers. more

By Patrick Anderson
PBN Staff Writer | 4/15/13

Transparency, not risk, is the issue here
General Treasurer Gina M. Raimondo has taken more media shots for her choice to allocate 22 percent of the state’s pension funds to alternative investments, including hedge funds. more
4/22/13
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