While we've had a glimpse of spring and winter weather over the last week, politics remains the thing for all seasons in the Ocean State. So welcome back to my weekly column, and feel free to share your thoughts and tips at idonnis (at) ripr (dot) org. You can also follow my missives all week long on the twitters. Let's get to it.
Your humble correspondent took a few days off before the Memorial Day weekend. So we're diverting from our usual TGIF this week, turning the space over for a guest column by John Marion, executive director of Common Cause of Rhode Island, on the highly relevant theme of government transparency and open meetings. Take it away, John ....
House Speaker Nicholas Mattiello and Majority Leader John DeSimone plan to meet with representatives of two leading credit-rating agencies in New York City Wednesday to gather information about the possible consequences of not paying back bondholders in the failed video game company 38 Studios.
The judge overseeing the state’s lawsuit over 38 Studios warned lawyers Monday about what he called the dribbling out of information. The state is suing 14 defendants to try to cut taxpayers’ losses from the failed video-game company.
Superior Court Judge Michael Silverstein gently advised lawyers on both sides of the case against the early release of facts that he calls better suited for discussion at trial. That came after Silverstein heard arguments about whether to release documents connected to the case. The judge did not make an immediate decision on that question.
Attorney General Peter Kilmartin joins Political Roundtable to discuss warnings to the state from credit-rating agencies over 38 Studios; the debating over repaying the company's debt; and other issues.
Standard & Poor's Rating Services has put Rhode Island's credit on watch with negative implications due to ongoing debate about paying back bondholders who invested in the failed video game company 38 Studios.
In an advisory released Monday, S&P said it was lowering the rating on bonds issued by the Economic Development Corporation for 38 Studios in 2010 from A to BBB.