38 Studios laid off all of its employees yesterday … I guess Curt Schilling and Linc Chafee will be completing Copernicus by themselves.
Speaking of going bankrupt, Woonsocket’s supplemental tax increase failed to win approval in the House yesterday afternoon after Rep. Lisa Baldelli-Hunt, a Woonsocket Democrat, stymied its passage. “The end came suddenly, with a sharp bang of Speaker Gordon Fox’s gavel cutting off discussion with resounding finality on a parliamentary maneuver by Baldelli-Hunt to send the bill back to committee,” wrote Jim Baron of the Woonsocket Call.
Barrington did indeed back off its idea to offer a limited number of out-of-town students to attend the high-achieving local schools if the could afford to pay tuition, as we reported yesterday.
This is something Rhode Island should work on changing: the state ranks 12th from the worst in the nation in terms of being bicycle friendly.
5 Ways The Facebook IPO Teaches Us About How Wall Street Games The System
Paul Krugman: “…overall business productivity in America grew faster in the postwar generation, an era in which banks were tightly regulated and private equity barely existed, than it has since our political system decided that greed was good.”
A great story by the Associated Press on CEO pay and how to compare those outrageous salaries compare to the rest of us.
Rest in peace, Scott Nixon, a much-heralded professor of Oceanography at URI. According to Provost Donald H. DeHayes, he “was a world leader in the study of how coastal and estuarine ecosystems work, initially using Narragansett Bay as his laboratory and employing mesocosms to measure respiration and production at a community level. While his findings helped define our understanding of marine ecosystems locally, Scott applied his knowledge at broader scales, too, exploring marine ecosystems around the world, comparing and contrasting them to shape a global view that he then used to challenge himself to think in new ways and to challenge the scientific dogma of the times.”
Are we allowed to talk about some of the progressive heroes directly involved in the 38 Studios disaster yet, or are we still busy pretending it was exclusively Carcieri’s fault?
“R.I. AFL-CIO president says he rebuffed Chafee request for his resignation over 38 Studios vote”
news.providencejournal.com/breaking-news/2012/05/ri-afl-cio-pres.html
At least Carcieri is out of office already. George Nee doesn’t even have the integrity to step down from the EDC or accept any responsibility after voting for the loan. Perfect union head.
“I thought it was an opportunity for the state to go forward and to help create an industry that would be beneficial to the state and create good-paying jobs.”
That quote, from Nee, perfectly sums up the problem — he thought. Nee *thought* with $100M of RI taxpayer dollars, and doesn’t think there should be any negative consequences for himself. But I’m going to assume outside of your link and my quote, RIF won’t officially note Nee’s refusal to resign.
Nobody wants to own this thing, and you can’t blame them for that much. But I remember RIFuture contributors and commenters supporting the loan on this blog, and the Democratic/union/progressive votes for the loan on the EDC and the General Assembly are in the public record. All we can do is keep hammering the point home to counter the grossly irresponsible partisan narrative being advanced here post after post that Carcieri pushed through the loan on his own and nobody else in the state is responsible.
Bob,
Why no commentary of H8212. How is it possible that the entire Democrat delegation from Woonsocket could think that it’s a good idea to raid the city’s pension fund?