Michael Mcdonald
Raimondo pension lawsuit seen risking bankruptcies
NEW YORK - Rhode Island Treasurer Gina Raimondo championed an overhaul last year of one of the nation’s worst- funded public pensions, setting out...
Schilling-bond refunding hastened by lowest yields
NEW YORK - The lowest municipal yields in a generation may help Rhode Island cut the cost of repaying $75 million it borrowed to...
Providence breaks $700,000 pension link joining nationwide insolvency fight
BOSTON - It has been more than 20 years since Gilbert McLaughlin ran the fire department in Providence. Yet the former chief stands to...
Providence is one of first in U.S. to cut pensions
BOSTON - Providence will halt cost-of-living increases for retirees among steps to overhaul a $422.8 million pension system and avoid becoming the state’s second...
Harvard’s voluntary tax spurs ailing Providence to press Brown
NEW YORK - Brown University, the Ivy League school whose endowment grew to $2.5 billion last year, may boost voluntary tax payments to Providence...
Gina Raimondo math convinces Rhode Island of America’s prospects
BOSTON - Gina M. Raimondo was running a Rhode Island venture-capital firm in Providence when the mother of two read with alarm that a...
R.I. munis face downgrades as economy sags, Moody’s says
BOSTON - Rhode Island communities face more credit-rating cuts as the local economy declines, property values plunge and pension liabilities rise, Moody’s Investors Service...
Chafee joins Christie as Rhode Island seeks to cut pension costs
BOSTON - Gov. Lincoln D. Chafee, who left the Republican Party last year to run as an independent, is joining New Jersey Gov. Chris...
Irene evokes 1938 hurricane that killed 500 in Northeast
BOSTON - The projected path of Hurricane Irene evokes a 1938 storm that left more than 500 dead, crossing Long Island and destroying the...
Brown pays $5M to dump Goldman swaps
NEW YORK - Brown University is unwinding an interest-rate swap with Goldman Sachs Group Inc. that may cost one of the world’s richest schools...
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