Some good news on the Wall Street front for the credit ratings of the state and the city of Providence.
Standard & Poor’s rating agency has affirmed the state’s credit rating and removed Rhode Island government from its CreditWatch list after the General Assembly voted to pay the $12 million installment on the state-backed bonds that financed the ill-fated 38 Studios video game fiasco.
The three major Democratic candidates for governor offered their views on jobs, education and other issues during an hour-long debate Tuesday. The forum sponsored by WPRI and the Providence Journal came with less than three months until the September 9th primary.
State Treasurer Gina Raimondo pointed to the pension overhaul she spearheaded in 2011 as proof of her leadership skills. Raimondo said the overhaul significantly reduced Rhode Island’s long-term pension bill.
Rhode Island pays its final respects this morning to Nuala Pell, widow of Sen. Claiborne Pell at services in Newport. RIPR political analyst Scott MacKay on why the passing of Mrs. Pell signals the end of an era.
Sen. Claiborne Pell represented Rhode Island for 36 years in the United States Senate. Few senators have ever better served a state.
The union representing University of Rhode Island professors has endorsed Providence Mayor Angel Taveras for governor.
The political action committee representing professors represented by the American Association of University Professors at URI voted unanimously to endorse the campaign of Taveras, who is running for the Democratic nomination for governor.
RI Democratic gubernatorial aspirant Clay Pell has picked up the endorsement of the Johnston Democratic Committee, Pell’s campaign announced.
``Clay Pell is the right candidate at the right time to move Rhode Island’s economy forward,’’ said Richard Delfino, the town’s Democratic chairman. ``Members of the committee….were impressed by his experience at the White House and the fresh perspective he can bring to solving our challenges. As governor he will be a honest broker and tireless advocate for the state of Rhode Island.’’
In the famous words of Yogi Berra, `it ain’t over till its over.’ RIPR political analyst Scott MacKay explains why that’s the case with the latest twist in Rhode Island’s public employee pension settlement.
In many a long legal battle, a settlement reached out of court marks the end of a contentious lawsuit. The opposing parties shake hands and sometimes share an odd drop. Then they put the dispute behind them.
Money isn’t everything in political campaigns. Yet, it is a lot of things, explains Rhode Island Public Radio political analyst Scott MacKay who ponders the role of campaign cash in the 2014 RI Democratic gubernatorial primary.
Jesse Unruh, speaker of the California Assembly, coined the term back in 1966. ``Money,’’ said Unruh. ``is the mother’s milk of politics.’’