Thursday, January 21, 2021

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Tag: Great Recession

Housing gap widens in R.I.

Every down economy has winners, and right now luxury homebuilders in Rhode Island have all the work they can handle. It was not that way...
NEW USES: East Providence Mayor Roberto DaSilva says waterfront redevelopment will help the city attract more residents and visitors. He’s pictured on a public pier at the Kettle Point development. / PBN FILE PHOTO/ MICHAEL SALERNO

Pandemic hasn’t stopped momentum for redevelopment in East Prov.

It’s too soon to predict the pandemic’s long-term effects on development across the state and region, but the early signs in East Providence are...

Learning from past crises

Has your company applied any lessons from the past that have helped it operate amid the pandemic? Yes: 100% No: 0% What examples have you referenced to...

Homebuyers need more than money

Unlike during the Great Recession, home prices have been rising in the Ocean State during a pandemic that has led 292,000 people to file...
Michael J. LaBella has more than 35 years of banking-industry experience. He joined TD Bank in 2005 and has since taken on positions of increasing responsibility. He is currently TD’s commercial market president for Connecticut, Rhode Island and southeastern Massachusetts.   / PBN PHOTO/MICHAEL SALERNO

Leading in times of crisis

Michael J. LaBella | TD Bank commercial market president In this unprecedented time, COVID-19 has disrupted daily life and business operations. Even with the current...
KEEPING TABS: Leonard Lardaro, University of Rhode Island economics professor, says indictors for Rhode Island are looking grim, but he doesn’t foresee a coming downturn as severe as the previous one to hit the state. / PBN PHOTO/MIKE SKORSKI

Economists say next downturn won’t be as bad for R.I.

Rhode Island has cranes in the sky, unemployment below 4%, new companies such as Infosys Ltd. and new jobs have arrived in its capital...

State needs new direction on housing

The Great Recession is often pointed to as when construction of new single-family homes precipitously dropped, and from which the state has yet to...

PBN survey: Businesses wary on economy

Businesses feel good about their immediate prospects but are increasingly wary of what might lie ahead for the overall economy. That’s the biggest takeaway from...
INVOLVED: Jim Boscov is the chairman and CEO of Boscov’s, billed as the nation’s largest family-owned department store, which is moving into the former Nordstrom location at Providence Place mall. He said running a business doesn’t happen from an office, but rather on the sales floor.
 / PBN PHOTO/MICHAEL SALERNO

An outlier comes to Providence Place

While other department stores have closed as sales slip away with changing consumer preferences and a migration online, Reading, Pa.-based Boscov’s is an outlier....

Stopping rising inequality

Almost 10 years after the Great Recession ended, the growing threat of a new economic slowdown raises a troubling question: When the next recession...

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