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There’s nothing wrong with stronger banks

Must a safer banking system inevitably be less dynamic? Judging from the experience of the U.S. and Europe since the 2008 financial crisis, not...

U.S. can take on a lot more debt

For many years, respected macroeconomists scolded countries that failed to reduce their debt levels. The International Monetary Fund, whose job it is to lend...
U.S. DEBT was a record $21.9 trillion to start the week. / BLOOMBERG NEWS

Federal debt is surging at fastest pace since 2012

NEW YORK - United States government debt is on track this year to rise at the fastest pace since 2012, as a stronger economy fails...
THE U.S. TREASURY Department said government borrowing this year will more than double from 2017 to $1.34 trillion in 2018. / BLOOMBERG NEWS

Treasury sees 2018 borrowing needs surging to $1.34T

NEW YORK - The U.S. Treasury Department said government borrowing this year will more than double from 2017 to $1.34 trillion as the Trump administration...

Will 2018 be the year Rhode Island voters take a stand...

“Embarrassing,” is how R.I. Department of Education Commissioner Ken Wagner described the state of local public elementary, middle and high schools.“When I visit a...
THE AVERAGE AMERICAN FICO score was 704, its highest point ever while total U.S. household debt hit a record $13.3 trillion in the second quarter. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER

U.S. credit scores hit new high while household debt skyrockets

NEW YORK - Almost a decade after the average FICO score hit a low of 686 in the aftermath of the Great Recession, the number...

Time to help student debtors

For decades, the U.S. system of higher education has operated on a unique premise: To make college affordable for a broad swathe of Americans,...
PROBLEM AREA: The structural problems at Rogers High School in Newport are evident in the water-infiltration damage, which has affected both the interior and exterior of the building, which was completed in 1958. Jeff Watts, the school’s plant engineer, looks at one of the affected areas outside. / PBN PHOTO/MICHAEL SALERNO

Paying for badly needed school upgrades now will limit future borrowing....

Trinity Briceno, a senior at Cranston East High School, didn’t attend school between December and April.She was hospitalized in November after students and teachers...
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