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.
Right-o. Let me say it up front. “Seven Keys to Baldpate” at 2nd Story is nothing less than a charmer. It’ll tickle your funny bone and warm your heart in the middle of this obstreperous winter of our discontent.
Okay, that’s enough of 1913-type hyperbole. But there’s no question that the Providence-born Cohan knew what he was doing. He adapted “Baldpate” from a novel by the author of the Charlie Chan film series. He said the play is both a farce and a melodrama. He was right on both counts.
On-stage, “Baldpate” is filled with goofy moments and overwrought happenings.
Road crews have begun installing hundreds of dividers down the center of the Pell Bridge in Newport. About five hundred three-foot yellow posts will stretch the two mile span.
Rhode Island Turnpike and Bridge Authority Director David Darlington said the dividers will not keep people from crossing into oncoming traffic, but should help keep those accidents from occurring in the first place.
The Wall Street Journal’s editorial board is criticizing Gina Raimondo over a move to drop the most successful hedge fund in the state pension plan. The hedge fund is run by a trustee of a conservative New York think tank criticized by teachers’ unions.
The hedge fund Third Point LLC offered a 25 percent return to Rhode Island’s pension fund over the last year. That’s far better than the 14 percent earned by the pension fund as a whole. Yet the state Investment Commission, which is chaired by Raimondo, voted last week to divest its holdings in Third Point.
Rhode Island based CVS-Caremark announced Wednesday that it will stop selling cigarettes and other tobacco products in its stores starting this year. CVS said it is the first national chain to make this move.
The goal is to have cigarettes and other tobacco products off the shelves at its more than 7,600 stores by October 1st. CVS-Caremark’s CEO calls selling tobacco inconsistent with the store’s purpose.
CVS plans to launch a smoking cessation program in the spring, offering information on how to quit and treatment at its pharmacies.
Meteorologists predict Wednesday’s storm will be quick and hard hitting. Glenn Field with the National Weather Service said the snow will hit around 4:00 am and start coming down hard during the morning commute, “maybe one to perhaps two inches per hour, for about four or five hours during that rush hour period,” said Field.