38 Studios

On Politics
5:20 pm
Fri June 21, 2013

TGIF: 9 Things to Know About Rhode Island Politics + Media

The General Assembly heads into the home stretch, with a House budget vote set for Tuesday. On that note, welcome back to my weekly column. Your thoughts and tips are welcome at idonnis (at) ripr (org), and follow me on Twitter. Here we go:

Read more
On Politics
4:35 pm
Fri June 21, 2013

38 Studios: It won't end well for RI

Will Rhode Island ever get beyond the shadow of the 38 Studios-Curt Schilling  disaster. RIPR political analyst Scott MacKay on why state government so far has not developed options for putting this behind us.

President John F. Kennedy said famously that ``life is unfair.’’ Some men,’’ he noted, ‘’are killed in a war, some men are wounded and some men never leave the country.’’

Read more
Politics
8:41 am
Fri June 21, 2013

Republicans Hold Firm To Not Paying Back 38 Studios Bonds

The Republican leader in the Rhode Island House of Representatives is urging lawmakers to reject calls to pay back bonds for failed video game company 38 Studios.  Other state officials say a failure to pay back the bonds will hurt the state.

House Minority Leader Brian Newberry says the 6 Republicans in the House will unanimously oppose any effort to repay the 38 Studios bonds. He said legislative Democrats are rushing to judgment on the issue without having done their homework.

Read more
Political Roundtable
4:00 am
Fri June 21, 2013

Political Roundtable: The Good and Bad of the House Budget, + More Debate on 38 Studios

Associated Press reporter David Klepper joins the Roundtable this week as discuss the budget passed this week by the House Finance Committee; debate over repaying bonds for 38 Studios; and some of the big unresolved issues facing the General Assembly.

Read more
On Politics
11:04 pm
Thu June 20, 2013

Testimony: Independent Monitoring Promised to 38 Studios' Investors Wasn't Put in Place

Although investors in 38 Studios were promised prior to the closing of a $75 million state loan guaranty in 2010 that IBM would offer independent third-party monitoring of the company and its performance, IBM didn't sign a contract to provide that monitoring and independent oversight was never put in place, according to testimony presented last week to a legislative committee.

Read more
Politics
10:47 am
Wed June 19, 2013

Chafee Urges State to Pay Off 38 Studios Bonds Following Downgrade

Governor Lincoln Chafee is urging the state to pay off the money owed for loans on 38 Studios following a downgrade from Moody's.
Credit Catherine Welch / RIPR

Gov. Lincoln Chafee says Moody’s is sending Rhode Island an important message by downgrading the state’s bonds for its failed deal with 38 Studios.

The credit rating agency downgraded the bonds by two notches and put the state on notice that the rest of its obligations are under review for a possible downgrade.

Lawmakers are debating whether to default on the moral obligation bonds used to float the failed video game company. Chafee said as Moody’s has shown, that’s a bad idea.

Read more
On Politics
5:56 pm
Mon June 17, 2013

Moody's Downgrades 38 Studios' Bonds; Chafee "Confident" on Payment

Moody's Investors Service isn't taking lightly debate about whether to pay back bonds issued to fund the state's investment in 38 Studios. The agency has downgraded the 38 Studios' bonds and warned Rhode Island of other possible action:

Read more
Political Roundtable
4:00 am
Fri June 14, 2013

Political Roundtable: Newberry on the Budget, 38 Studios, and Economic Development

Credit Ian Donnis / RIPR

House Minority Leader Brian Newberry (R-North Smithfield) joins the Roundtable this week to discuss his expectations on the budget; whether the state should pay back moral obligation bonds related to 38 Studios; what the General Assembly will accomplish this year to boost the economy; and more.

Read more
On Politics
3:29 pm
Thu June 13, 2013

Is Debate Over Paying Back Bonds for 38 Studios Holding Up the Budget?

House Minority Leader Brian Newberry believes debate over whether Rhode Island should pay back moral obligation bonds for 38 Studios explains why the House version of state budget has yet to emerge.

Read more
The Bottom Line
6:00 pm
Fri June 7, 2013

The Bottom Line: RI's Economic Development Plans Still Uncertain

Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for a weekly business segment we're calling "The Bottom Line." Each Friday they look at business news and themes that affect local business and the public.

Read more

Pages