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MATTER OF OPINION: Former R.I. Supreme Court Justice R­obert G. Flanders Jr. speculates that the recent high court decision on a pension dispute between the city of Providence and a group of municipal retirees might make bankruptcy more palatable for municipalities. / PBN PHOTO/ MICHAEL SALERNO

Court ruling on Providence pensions will have ripple effects

Rhode Island is no stranger to pension problems. Even after a major state-level overhaul of the Employees’ Retirement System of Rhode Island led by then-R.I....
HARTFORD HIRED A restructuring firm as fiscal strains on the city build. Above, Aetna Inc. headquarters stands in Hartford, Conn. Aetna recently announced it will move its headquarters from Hartford to New York City. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE

In America’s richest state, the capital flirts with bankruptcy

NEW YORK - The hedge-fund enclave of Greenwich, on the Connecticut Gold Coast, is about 100 miles and a world away from the state...

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