Catholic parishes punish two state legislators


Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

TobinBishopThomasTwo Rhode Island Catholic legislators told Mike Stanton, reporting for the Boston Globe, that they were asked to step down from positions in their churches because they supported same sex marriage.

Stanton, a former Providence Journal investigative reporter reports that House Majority Leader Nick Mattiello and Senator William Conley were both punished in their parishes for their legislative positions on marriage equality.

Representative Nicholas Mattiello of Cranston, the Democratic House majority leader, says that he was asked to take a break from serving as a lector at his church after changing his position and publicly supporting same-sex marriage.

“I do think it’s time to concentrate on what unifies and brings us together, what makes us merciful rather than judgmental,” Mattiello said. “The pope’s views are more appropriate than what I’ve been hearing for years.”

State Senator William J. Conley Jr. of East Providence, chairman of the Senate Judiciary Committee, which approved the marriage bill, says a diocesan official asked him to resign as a trustee of La Salle Academy in Providence. The pastor of the East Providence parish where he was baptized, Conley says, denounced him from the pulpit as a “Judas.”

Stanton’s blockbuster report on Tobin also has gems like this:

Meghan Smith of Catholics for Choice, calls Tobin “one of the more rightwing bishops” in the United States. His style is at odds with the new pope, she says, as well as his flock in the one of most Catholic states.

Earlier this year, RI Future reported that a Catholic church in Woonsocket had asked gay married people not to receive communion.

Hedge fund investment good, but for who?


Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

Deprecated: Function get_magic_quotes_gpc() is deprecated in /hermes/bosnacweb08/bosnacweb08bf/b1577/ipg.rifuturecom/RIFutureNew/wp-includes/formatting.php on line 4387

ginaThere is a difference between a thing having a good effect and a thing being a net good.

Take hedge funds, for example. They do produce a good outcome, in that they manage against investment risk. But that doesn’t mean that investing in hedge funds is a net good for the state’s pension fund.  Mike Stanton’s Sunday blockbuster on Rhode Island’s hedge fund gamble points out that there are lots of competing goods going on here.

Hedge funds do manage investment risk, there’s no doubt about that. But this management strategy has required a massive divestment from our workforce and a transfer of that wealth to Wall Street.

Ted Seidle writes, “paying huge pension fees to Wall Street hasn’t hurt the Treasurer’s campaign fundraising efforts.”

It’s reasonable to assume hedge fund managers would be willing to underwrite pension reform if reform means they make tons of money on the deal. Billionaire hedge fund manager John Arnold underwrote pension reform in Rhode Island with massive donations to Engage RI and now he is investing in pension reform in California, Reuters reports.