economy

Economy
9:43 am
Mon July 23, 2012

Union official: "The state went too far in making changes"

PROVIDENCE, RI – A series of unions is suing the state in Superior Court, trying to undo last year's pension overhaul. A decision in the court case is expected before the start of the next fiscal year in July 2013.

National Education Association Rhode Island director Robert Walsh is one of those objecting to the methods used in overhauling the pension system. He spoke with Rhode Island Public Radio political reporter Ian Donnis.

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Economy
10:12 am
Fri July 20, 2012

"A crisis is a terrible thing to waste" Saul Kaplan on RI's economic future

PROVIDENCE, RI – Saul Kaplan left his job as Executive Director of the state Economic Development Corporation in 2008 . That was well before the state made its investment in 38 Studios. Kaplan now heads the Business Innovation Factory in Providence. He stopped by our studio to talk about Rhode Island's struggles to improve its economy. Here's Rhode Island Political Reporter Ian Donnis.

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Economy
9:33 am
Wed July 18, 2012

Governor Chafee: EDC is still functioning

PROVIDENCE, RI – Governor Lincoln Chafee denies that the state Economic Development Corporation is suffering from a lack of leadership.

A new director for the EDC isn't expected until after a review of the agency is completed. The EDC's chief financial officer is leaving her job, and the corporation has a number of vacancies on its board.

Chafee says he inherited many of the EDC's problems. "Well, we're going through a transition, but there's no vacuum of leadership. We have a quorum. We can still do business."

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Economy
8:55 am
Mon July 16, 2012

Narragansetts want a top-level meeting

PROVIDENCE, RI – The head of the Narragansett Indian tribe wants to meet with state leaders to discuss how they've been left out of the move toward increased gambling.

Narragansett Chief Sachem Matthew Thomas says he believes state officials have discriminated against his tribe. He points to how the state is focusing its efforts on adding table games at Twin River and Newport Grand.

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Economy
1:32 pm
Thu July 12, 2012

RI school bucks the computer trend in classrooms

PROVIDENCE, RI – While schools around the state look for ways to increase their use of technology, some parents are paying thousands of dollars to send their children to a private school with no computers in the classroom at all. The Meadowbrook Waldorf School in West Kingston is part of a large network around the globe.

Do you have insight or expertise on this topic? Please email us, we'd like to hear from you. news@wrni.org

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Economy
8:09 am
Thu July 12, 2012

Governor Lincoln Chafee wants a thorough review of 38 Studios

PROVIDENCE, RI – Governor Lincoln Chafee says there needs to be a thorough review of how the Economic Development Corporation monitored the 75 million dollar loan guarantee to 38 Studios. But Chafee won't commit to a specific timetable for that review.

Chafee tells RIPR's Ian Donnis, that Chafee wants a review to examine why the state invested in 38 Studios. He says the review should also look at how the EDC kept track of the 75 million dollar loan guaranty.

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Economy
8:55 am
Wed July 11, 2012

Turbines may spin by end of summer

PROVIDENCE, RI – The wind turbines at Field's Point continue to stand like statutes. But crews are working to have them spinning by the end of the summer.

The project is about 87-percent complete right now. Or so says the Narragansett Bay Commission. It operates the Field's Point Wastewater Treatment Facility. And it's come under scrutiny for the giant, inert white blades looming over the bay.

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Economy
8:39 am
Tue July 10, 2012

What is 38 Studios worth now?

PROVIDENCE, RI – The federal bankruptcy case involving Curt Schilling's failed video game company, 38 Studios, is set to begin Tuesday in Delaware.

A 38 Studios representative is expected to be questioned by a court-appointed trustee during the meeting. The goal is to find out what assets 38 Studios still has and what they may be worth.

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Economy
8:14 am
Mon July 9, 2012

The Tall Ships sail out to sea today

Photo by CATHERINE WELCH

PROVIDENCE, RI – The Tall Ships leave Newport today in grand style. 14 ships will muster at noon at Castle Hill to begin the procession at sea.

One of the crew for the event is Jerry Wiegand. He's aboard a ship from the Philadelphia Maritime Museum, The Gazela. He's enjoyed his stay in Newport saying, "Seamen's church is right here. They've got breakfast, washing machines, important stuff, library, the whole thing."

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Economy
8:16 am
Fri July 6, 2012

Increased adult education may help the high Hispanic unemployment rate

PROVIDENCE, RI – The head of Rhode Island's Department of Labor and Training says the unemployment rate among Rhode Islanders in general and Hispanics in particular is far too high. Charles Fogarty was reacting to a new report that shows the Providence metropolitan area has the highest rate of unemployment among Latinos in the country.

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