First Southwest Co., a financial planning company, on Monday filed an objection to a $25.6 million settlement between the state and two other defendants in the ongoing civil lawsuit related to 38 Studios LLC.
PROVIDENCE – The R.I. Commerce Corp. has agreed to a $25.6 million settlement with two more defendants in the ongoing 38 Studios LLC civil lawsuit.
The proposed settlement is between Commerce RI, formerly known as the R.I. Economic …
The current issue of Providence Business News looks at what efforts have been made – or should be made – to come to terms with the $5.6 billion in unfunded liabilities that cities and towns have for their pension and OPEB liabilities. Should the state insert itself into the municipal crisis and make reform a local priority through legislative action?
If the state's public officials want to make a real difference in Rhode Island's future, they should spend less time on getting to the bottom of the 38 Studios mess and more, a lot more, on the looming public-finance meltdown over unfunded liabilities for local pensions and other post-employment benefits (also known as OPEBs).
Former Boston Red Sox pitcher and failed video game entrepreneur Curt Schilling took to the Facebook streets this weekend to announce plans to enter the political arena, including an eventual run for president.