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Category Archives: Economic crisis

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Parking Meter Rates Up Today

From the Office of the Mayor comes this announcement, As of July 5, parking on metered spots in Providence will cost $1.25 an hour or 25 cents for every 12 minutes. In addition to the rate increase, all 15-minute parking spots will be converted to

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Kilmartin’s Cooler

“With great power comes great responsibility”, so read the Spider-Man plaque that graced the exterior of the Attorney General’s office during the tenure of Patrick Lynch. (Is Spidey coming back with some Spackle?) In all fairness Lynch was not the AG who first made the

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Rally To Support Providence Teachers — City Hall

From Ocean State Action, Join us at City Hall to stand in solidarity with the 1,926 Providence teachers who have been unfairly fired!  The Providence Teachers Union is calling upon Mayor Taveras to rescind these unjust terminations. Teachers Rally, 4:30pm to 7:30pm, Wednesday, City Hall

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Teacher Firings Make National News

NBC Nightly News featured the firing of the Providence schoolteachers in a report on the calamitous budget problems facing many American mayors. Mayor Taveras calls the situation “an unprecedented fiscal crisis.” Teachers have expressed alarm regarding the ramifications of being terminated, as opposed to getting

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Really Really Free Market, Indoors @AS220!

It’s hard times, and the free market ain’t free. Luckily, there’s the Providence Really Really Free Market, which is! Join us in this collaborative event to create an autonomous space for community sharing. No $$$, no barter, just FREE. Give what you can, take what

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When All You Have Is A Hammer

Everything looks like a nail. Nicholas Kristof has a great piece in The New York Times regarding the bloated and often counter-productive investments we continue to make in the military, when spending in other areas could make us safer. The U.S. military now has more

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The Big Casino

A day-long industry conference arranged to discuss the future of casinos in New England was held at the Mohegan Sun in Uncasville, a casino which, according to the Hartford Courant, will have cut 5% of its workforce, or 475 jobs, by the end of this

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Rally Against JPMorgan Chase

Emily Mellor of Ocean State Action explains the role this financial monster continues to play in the destruction of our economy having already accepted $25 billion in the bailout, To this day, JPMorgan Chase continues to repackage mortgage-backed securities still on their books, all the

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Rally Downtown — Unemployment Benefits

Word just in from Ocean State Action. Jobs or Income NOW! Rally to Stop Cutoff of Unemployment Payments. Join us on Wednesday, July 7, at 4pm for a rally at the Soldiers and Sailors Monument in Kennedy Plaza calling on Congress to deliver federal extensions

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Sunday@3: Not So Fast, Mr. Moneybags!

James Kwak, contributor to the “Baseline Scenario” blog and author of the nationally acclaimed new book “13 Bankers” will be giving a talk and signing his book on the East Side this Sunday. Bill Moyers says of this book, “If the wads of money you’ve

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Bob Healey For Lieutenant Governor

Robert J. Healey, Jr., lawyer, businessman, and founder of the Cool Moose party is once again running for the office of lieutenant governor for the sole purpose of eliminating it. Should he win, he has the same plan he pitched the last time he ran:

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You Are Known By The Company You Keep

Good work by Alex Bell writing for The Brown Daily Herald concerning the decision of Brown University President Ruth Simmons to step down from the Board of Directors at Goldman Sachs on which she has served since 2000. This report was picked up today by

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National 211 Day

Having trouble with rent, utility bills, food assistance, health care, housing, foreclosure? Dial 211 and get help. In these extraordinary economic times people who have never before needed assistance, now find themselves in serious trouble paying bills and no idea what help is available and

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NYTimes Covers Art Handy’s Utilities Proposal

His “percentage of income payment plan” or PIPP bill, will be before us this session: In 2009, some 31,000 households in Rhode Island will have their utilities shut off, and the effort to juggle energy bills and mortgages is helping push some homeowners into foreclosure,

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Disarming Financial Weapons Of Mass Destruction

Remember those crazy casino style multi-billion dollar bets called credit derivatives and credit default swaps that AIG, Lehman Brothers, Goldman Sachs, etc. took out? The ones that guru investor Warren Buffet rightly called “weapons of mass financial destruction” because they brought our entire economy to

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(Our Dave) Over At HuffPo

[Additional note: The parenthetical addition in the title above is mine. I feel that Dave’s excessive modesty caused him to be a little too mild and generic and I want to make sure people notice this (plus, he immediately stacked those distractingly weird surfers on