WRNI – Life is full of surprises and unexpected gifts, and they come in all shapes and sizes. Some come wrapped in joy, while others are much more complicated. That's certainly the case for Laura Rossi Totten.
PROVIDENCE,RI – The latest economic data indicates Rhode Island's economy is expanding slightly faster than the nation as a whole.
Researchers at the Rhode Island Public Expenditure Council use employment, wages, and sales to calculate what's called the Rhode Island Current Economic Indicator. And for the past six months, it's improved faster than similar data for the United States.
Executive director John Simmons says that's in part thanks to the growing economy in our neighboring states.
PROVIDENCE, RI – One local observer says economic uncertainty makes the possibility of a double-dip recession more likely in Rhode Island.
For the last year or so, University of Rhode Island economics professor Leonard Lardaro says he thought the state had a one in three chance of sliding back into recession. Now, slowing economic growth and Standard and Poor's downgrade of the US credit rating have changed Lardaro's view.
PROVIDENCE, RI – A controversial binding arbitration bill failed to move forward earlier this year in the General Assembly. Now, Central Falls' receiver Robert Flanders says that city's financial distress was caused in part by binding arbitration.
Central Falls is on the hook for $80-million in retiree benefits. Flanders says that's part of the reason why he made a bankruptcy filing for the city last week. He says binding arbitration caused Central Falls' finances to spiral out of control.