economy

Economy
8:00 am
Fri September 23, 2011

Political Roundtable - September 23, 2011

Cranston Mayor Allan Fung discusses the state pension crisis.
Photo by Ian Donnis.

PROVIDENCE, RI – More bad news on municipal pensions and the woes of State Representative Dan Gordon. That's part of the discussion this week on Political Roundtable. This week's special guest: Cranston Mayor Allan Fung.

Do you have insight or expertise on this topic? Please email us, we'd like to hear from you. news@wrni.org.

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Economy
12:11 pm
Tue September 20, 2011

RIPTA: Will cut jobs, spare bus service

RIPTA says it has a new plan to fill a $5 million gap and keep its buses rolling.
File photo

PROVIDENCE, RI – About 100 RIPTA bus drivers and managers rallied at Kennedy Plaza Tuesday morning to protest a proposed 30 percent cut in federal funding. Paul Harrington, president of the Amalgamated Transit Union says the cut would be a disaster for the already cash-strapped agency.

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Economy
9:01 am
Wed September 14, 2011

Legislative leaders to continue push for pension reform

PROVIDENCE, RI – Legislative leaders say a court victory for public-employee unions won't stop them from pursuing pension reform. They plan to continue with a series of joint budget discussions starting Wednesday.

House Speaker Gordon Fox and Senate President Teresa Paiva Weed say they still anticipate getting a proposal to fix the state pension plan. They say they'll take whatever action is "reasonable and necessary to address the pension crisis" facing Rhode Island.

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Economy
7:02 am
Tue September 13, 2011

Public employees may be able to keep pension benefits

Rhode Island may be able to fix the pension system without cutting benefits already earned by public employees.
Photo by James Wyman.

PROVIDENCE, RI – State Treasurer Gina Raimondo says it might be possible to solve Rhode Island's pension crisis without cutting public employees' earned benefits. She made that statement during a pension briefing to the state Senate.

A member of Raimondo's staff told senators that state employees aren't legally shielded from cuts to benefits they've earned. A short time later, Raimondo said she hopes to fix the state pension plan without cutting workers' accrued benefits.

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Economy
5:57 pm
Thu September 8, 2011

Offshore wind divides Block Island

Barbara MacMullan never imagined the construction of five offshore wind turbines would divide a place known for its conservation.
Photo by James Wyman.

PROVIDENCE, RI – Barbara MacMullan never imagined the construction of five offshore wind turbines would divide a place known for its conservation. The Block Island resident thought the wind farm was no brainer. It's green. It's clean. And it could end the island's dependence on diesel powered energy.

But Barbara MacMullan thought wrong.

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Economy
10:03 am
Tue August 30, 2011

Smaller pension checks on the way to Central Falls retirees

Central Falls receiver Robert Flanders Jr.
file photo

PROVIDENCE, RI – When Central Falls receiver Robert Flanders Jr. rolled out proposed cuts to police and fire retirees back in July, he warned that a haircut looked a lot better than a beheading. Now Flanders is backing up that statement by taking more out of retirement checks than first expected.

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Economy
9:04 am
Mon August 1, 2011

RI's Congressional delegation reviewing debt ceiling agreement

Providence, RI – Congressman Jim Langevin says he is reviewing a deal that would allow the federal government to avoid defaulting on its debt. The Rhode Island Democrat has not said whether he will support the deal. It calls for spending cuts, but would not raise taxes on the wealthy. Langevin says it is important that the US remain in good standing with its creditors. However, he says a fair solution should include both spending cuts and tax increases for higher income households.

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Economy
8:30 am
Thu July 28, 2011

State leaders prepare for possible loss of federal funds

Providence, RI – Governor Lincoln Chafee is reviewing the state's options should Congress fail to reach a deal and raise the nation's debt limit. Without raising the debt ceiling, Rhode Island could see some of its federal funding disappear, affecting programs like food stamps and Medicaid. Chafee says Congress must reach an agreement, as Rhode Island, along with the rest of the nation, cannot afford anything that would impede its economic recovery.

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Economy
5:52 am
Tue July 19, 2011

Central Falls receiver rolls out pension changes

Central Falls receiver Robert Flanders Jr. explains changes to pensions and benefits.
Photo by Catherine Welch

PROVIDENCE, RI – It's now up to Central Falls retirees and workers to decide whether they will accept changes to their pensions and benefits. Those changes include a haircut for everyone who retired before turning 60-years-old.

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Economy
6:57 am
Wed July 13, 2011

RI seniors anxious about not getting Social Security check

PROVIDENCE, RI – In reaction to President Obama's statement that Social Security and veteran's checks may not go out next month, Rhode Island seniors say they are worried that they may not get their checks.

At a North Providence senior center, the threat of a cut-off in social security benefits starting August 3rd had people like Thelma Visnewski wondering how they would pay their rent.

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