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RIPR News
5:37 am
Fri August 19, 2011

Providence econ development director prioritizes investments

PROVIDENCE, RI – By IAN DONNIS
The capital city's new economic development director says he should be judged by how much new investment he brings to Providence.

The fiscal crisis inherited by Providence Mayor Angel Taveras has raised the possibility of layoffs in different city departments.

Considering his 150-thousand dollar annual salary, the city's new economic development director, Jim Bennett, says he should be evaluated by the same yardstick he used with his own three startup businesses.

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RIPR News
6:04 pm
Thu August 18, 2011

Cicilline: funding for RI rail improvements in jeopardy

PROVIDENCE, RI – Congressman David Cicilline has joined a group of lawmakers urging Transportation Secretary Ray LaHood to secure funding for improvements along Amtrak's Northeast Corridor. This includes $28 million for rail improvements in Rhode Island.

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RIPR News
4:04 pm
Thu August 18, 2011

Median home price declines

PROVIDENCE, RI – The median price of single family homes continues to decline in Rhode Island. The state Association of Realtors says the median price is now $210,000 - down $17 thousand from a year ago and equal to what it was in June 2009.

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RIPR News
2:52 pm
Thu August 18, 2011

Anti-abortion group opposes executive order for health insurance marketplace

Providence, RI – By MEGAN HALL

A local anti-abortion group is gearing up for a legal fight over how Rhode Island establishes its online marketplace for health insurance.


Rhode Island Right to Life has hired a lawyer to examine whether it's legal to for the governor to use an executive order to create a health insurance exchange. Executive director Barth Bracy says the governor's action would allow for the use of public subsidies to pay for abortions.

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Morning News Podcast
7:30 am
Thu August 18, 2011

Thursday, August 18th, 2011.

PROVIDENCE, RI – Listen to the Morning News Podcast for Thursday, August 18, 2011.

Politics
7:17 am
Thu August 18, 2011

Pension committee holds latest meeting

The Pension Advisory Committee is trying to identify possible solutions for Rhode Island?s $7-billion in unfunded pension liability.
Photo by Megan Hall.

PROVIDENCE, RI – The pension advisory committee for General Treasurer Gina Raimondo held its latest meeting, this time in East Providence.

The session was meant to identify possible solutions for Rhode Island's $7-billion in unfunded pension liability. But the best way forward remains in dispute.

Cranston Mayor Allan Fung, a committee member, says the problem is so severe the state needs to rethink pension cost of living adjustments (COLAs).

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RIPR News
7:01 am
Thu August 18, 2011

Word war continues between unions and critics

PROVIDENCE, RI – A war of words is continuing between one of the state's largest teachers' unions and its critics. The Rhode Island Statewide Coalition (RISC), a taxpayers' group, has condemned what it calls harassment tactics by the National Education Association.

RISC points to a cyber-stalking charge against John Leidecker, who works for the teachers' union. RISC also cites a terse verbal exchange in a courthouse elevator between another member of the union and state Representative Jon Brien.

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RIPR News
4:18 pm
Wed August 17, 2011

CVS receives 78% of RI's tax credits UPDATED

CVS headquarters in Woonsocket
photo by Megan Hall

Providence, RI – Of Rhode Island's $22.6 million dollars in tax credits for fiscal year 2011, Woonsocket based CVS Pharmacy received more than $17.7 million dollars.

According to the latest report by the state division of taxation, CVS tax credits made up about 78% of the state's overall tax incentives. And that percentage is growing. Last year the pharmacy giant received a little over half of the state's tax credits. And In 2009, the company's share was about 40 percent.

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Top Stories
4:02 pm
Wed August 17, 2011

Federal government seeking bids for offshore wind farms

U.S. Interior Secretary Ken Salazar, U.S. Representative David Cicilline and Governor Lincoln Chafee at the announcement.
Photo by: Catherine Welch

PROVIDENCE, RI – Deepwater Wind says it will submit a bid for an offshore wind farm during an application period announced Wednesday. U.S. Interior Secretary Ken Salazar called for applications to lease some of the 285 square miles of federal waters between Block Island and Martha's Vineyard considered prime for developing wind energy. Salazar says this is a major milestone.

"And I do believe that Rhode Island is poised to being at the point of a spear in developing offshore wind for America and making it a reality," says Salazar.

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Morning News Podcast
8:19 am
Wed August 17, 2011

Wednesday, August 17, 2011

PROVIDENCE, RI – Listen to the Morning News Podcast for Wednesday, August 17, 2011.

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