Economics

12th Annual Buy Nothing Day Winter Coat Exchange

12th Annual Buy Nothing Day Winter Coat Exchange Friday, Novembet 28th, 2008  10:00am – 2:00pm If you have a coat to give, please drop it off. If you need a coat, please pick one up. State House lawn (directly across from Providence Place mall) * Rain/Snow sites: St. Patrick’s School, 244 Smith Street, Providence & …

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Bush Bails Out The Rich, Abandons The Poor

Recently, President Bush vetoed legislation that would have expanded the State Children Health Insurance Program – SCHIP. The bill which had been approved by Congress with strong bipartisan support would have increased enrollment in the popular government provided health insurance program from 6 million children to 10 million. The president told us that he vetoed …

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Tom Friedman needs a bailout

Even during the pie-ing episode of a few months ago, little attention was paid to Thomas Friedman’s most important connection to Providence.  Not a huge surprise, as he rarely, if ever, discusses his own economic status (and some might say, conflict of interest): He is a billionaire, through his wife, as her family owns General …

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First GM… Now The Water Park

Economies based on tourism and luxury condos are always going to suffer first when there’s an economic contraction… WEST WARWICK — The $150-million resort and indoor water park slated for the West Warwick Business Park is on hold at least until the spring as developers search for money to build it. Work on the project …

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Great news for the local economy!

A couple from Swansea apparently won last month’s big-ass powerball jackpot, likely yielding a whole new crop of local “believers” who will squander even more dough than they already do.Lottos suck: They’re super-regressive — far more so than casinos — and while people should be able to gamble, the state shouldn’t actively try to dupe …

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Economic Sanity in Rhode Island

Karen Malcolm of Ocean State Action had this op-ed in the Journal a couple days back, titled The American Dream in Rhode Island: We don’t have to accept this deterioration of the quality of life for ourselves, our families, our neighbors. We do not have to accept tax cuts that only benefit our most wealthy, …

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