Rhode Island

RI News
2:35 pm
Mon December 16, 2013

Cranston Estate Planner Sentenced Six Years For Fraud Scheme

Cranston estate planner Joseph Caramadre has been sentenced to six years in prison for his role as architect of an investment scheme that exploited the terminally ill.  Once he gets out of prison he’ll have to put in 3,000 hours of community service.

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RI News
11:31 am
Mon December 16, 2013

Already More Utility Shut-Offs This Year In The State Than In 2012

More Rhode Islanders have had their gas or electricity shut off so far this year than in all of 2012. That, according to National Grid figures supplied to the state Public Utilities Commission.

In 2012, there were 18,250 shutoffs.  There were seven hundred more than that in the first ten months of this year.

It’s a big concern to advocates for the poor like Debbie Clark of the George Wiley Center.

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RI News
10:27 am
Mon December 16, 2013

Caramadre Sentencing Scheduled Monday For Fraud Schemes

Cranston estate planner Joseph Caramadre will be sentenced Monday morning for his role in a scheme that bilked terminally ill people of 46-million dollars.

Prosecutors will ask that he be locked up for ten years.

Caramadre and an associate pleaded guilty last year to fraud and conspiracy.  Federal prosecutors say Caramadre was the mastermind behind an investment strategy in which he stole the identities of terminally ill people.  He illegally used that information to purchase bonds and annuities that would pay out when the person died.  

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Scott MacKay Commentary
9:02 am
Mon December 16, 2013

Scott MacKay Commentary: In The Governor's Race, Can Taveras Raise The Money He Needs?

How much does the governor's race in Rhode Island rely on hefty campaign finance?
Credit RIPR FILE

Money isn’t everything in political campaigns. Yet, it is a lot of things, explains RIPR 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.’’

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Politics
7:39 am
Mon December 16, 2013

Exeter Town Councilors Hold On To Their Seats

Town Clerk's Office, in Exeter Rhode Island.
Credit Wikimedia Commons

Four Exeter town councilors have easily survived a recall election spawned by critics of a plan to transfer control of concealed weapons permits from the town  to the state.  Unlike most towns, Exeter is so small it has no police department and councilors felt the town  clerk didn’t have the resources needed to do the job properly. The results of the election plus reaction from both sides.

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On Politics
5:12 pm
Fri December 13, 2013

Can Taveras raise enough money to beat Raimondo?

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.’’

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The Bottom Line
3:25 pm
Fri December 13, 2013

The Bottom Line: Small Business and HealthSource RI

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.

This week Dave and Mark talk with insurance broker James Raiola of Mass Mutal. They discuss the how the state’s health insurance exchange is offering plans for small businesses and what kind of company can benefit from using the exchange.

When to Listen

You can hear The Bottom Line each Friday at 5:50pm.

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RI News
2:27 pm
Fri December 13, 2013

38 Studios Intellectual Property Auction Left Games Unsold

The auctioning of intellectual property from defunct video game maker 38 studios resulted in the sale of two of the five lots up for bid. The assets were part of the video game company owned by baseball legend Curt Schilling.

The two lots going to the highest bidder included the games “Rise of Nations” and “Rise of Legends” and all of their intellectual property. The other lot sold held the trademark for Big Huge Games, a Maryland-based video game company owned by 38 Studios.

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RI News
9:13 am
Fri December 13, 2013

Advocates Concerned About Proposed Changes To Utility Shut-Off Rules In RI

Advocates for the poor are raising concerns about proposed changes in Rhode Island’s utility shut-off rules.

For years, Rhode Island law has forbidden utility shutoffs from November 1st through April 15th. Under new rules being considered by the state Public Utilities Commission, that window would be closed April 1st and people would have earn less to be protected.

Debbie Clark of the George Wiley Center, a non-profit that advocates for the poor, said an April 1st moratorium shutoff is far too early for chilly New England.

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RI News
5:18 pm
Thu December 12, 2013

RIDOT: $29M In Transportation Projects Seek Funding

The public has a chance to weigh in Friday on a slate of proposed transportation projects that will be paid for out of a new fund

The new fund helps cities and towns access low-interest loans for road construction projects. It’s modeled after the state’s Clean Water Finance Authority, which over the past 15 years has loaned out $1 billion for municipal sewage treatment projects. In fact, the Clean Water Finance Authority will administer this new transportation fund.

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