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  • January 31, 2008
    By Ian Donnis

    Over at Anchor, Marc seems to have been first with the news that Forbes is calling Providence the 10th most miserable city in the United States.

    Misery is defined as a state of great unhappiness and emotional distress. The economic indicator most often used to measure misery is the Misery Index. The index, created by economist Arthur Okun, adds the unemployment rate to the inflation rate.

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  • January 29, 2008
    By Ian Donnis

    UPDATE: Here's the missing link. Thanks to Chris from Advocacy Solutions for tracking this down.

    ---

    Speaking of the budget, it's not uncommon to hear criticism of Rhode Island's economic-development efforts. While there are some bright spots, like the emerging geek-sector, we can all agree that the state remains seriously in need of more and better jobs.

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  • January 25, 2008
    By Ian Donnis

    While I'd like to claim credit for coining the subject line in this post, that honor goes to URI professor of economics Len Lardaro, who uses it to describe the Ocean State's seemingly perpetual budget problems.

    Lardaro and Governor Carcieri joined Steve Aveson and myself for a taping this morning of WPRI-WNAC TV's Newsmakers.

    Read More

  • January 23, 2008
    By Ian Donnis

    Rhode Island teeters on the economic brink, as Governor Carcieri told us last night.

    In Connecticut, they're looking to fill jobs at the MGM Grand hotel at Foxwoods.

    Meanwhile, in Massachusetts, where Dan Kennedy has kept a close eye on the casino issue, he think it's getting less likely that the Bay State will move forward with a series of casinos.

    Read More

  • January 16, 2008
    By Ian Donnis

    Scott Wolf of Grow Smart Rhode Island, who has called for a more optimistic view of the challenges and opportunities facing Rhode Island, sends along this story from the Washington Post, indicating that the Ocean State's budget woes are hardly unique:

    NEW YORK -- Faced with a weak national economy and a worsening housing crisis, a growing number of states are confronted with severe budget deficits, forcing some governors to come up with creative -- some say risky -- budget gimmicks to find new sources of cash.

    Read More

  • January 15, 2008
    By Ian Donnis

    Matt has the details:

    I am extremely impressed to see at least one of the 2010 Providence mayoral candidates getting serious about the city's economic future:

    City Council Majority Leader Terrence M. Hassett, Ward 12, has asked the City Council’s Committee on Finance to take up the Living Wage ordinance, a long debated and sometimes controversial legislative measure that was postponed during the last session of the City Council, it was announced today.

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  • January 08, 2008
    By Ian Donnis

    That Rhode Island is losing population is obviously bad news. At the same time, the Northeast has been losing population for years, so more outward migration is not exactly a shock. Tom Sgouros (h/t RI's Future) has looked at the numbers, and has some interesting findings:

    Another fact: many more people have moved out of Massachusetts over the past five years than have moved out of Rhode Island, after adjusting for the population.

    Read More

  • January 07, 2008
    By Ian Donnis

    A lot of folks are critical of the common RI form of economic development via tax subsidy, so it will be interesting to hear what this guy has to say. From Kate Brewster:

    Dubbed “America’s chief whistle-blower” on state and local economic development subsidies, Greg LeRoy, Executive Director of Good Jobs First, will be speaking at a luncheon being hosted by the Poverty Institute this Thursday [at noon, at the Crowne Plaza in Warwick].

    Read More

  • January 02, 2008
    By Ian Donnis

    An old saw has Rhode Island typically leading New England states into a recession and being the last to emerge. While the hard work of coming to terms with the $150 million deficit for this fiscal year and $450 million for the next remains to be done, a number of other factors threaten to make things worse.

    The foreclosure crisis is hitting cities and towns, as John Castellucci reports today in the ProJo:

    Read More

  • December 30, 2007
    By Ian Donnis

    The ProJo's Sunday Money & Business section closes the year, sadly, without any staff-written content on the section front, although there is a useful Associated Press piece on the second page about the so-called XO laptop (previously described in the New York Times), a cheap (under $200) computer that is helping to bring poor children into the contemporary age:

    Read More

  • December 21, 2007
    By Ian Donnis

    Exciting news from Jack Templin and our friends at RI Nexus:

    BREAKING NEWS: MIT Media Lab's John Maeda to become RISD's new president

    In Rhode Island's info-tech & digital media (ITDM) community 2007 is going out with a bang - this morning RISD announced that John Maeda will become the school's 16th president.


    Read More

  • November 08, 2007
    By Ian Donnis

    Joe-Newsomeinside

    As part of the "Green issue" in the Phoenix hitting the streets today, I have a piece highlighting some of the groups and individuals in the state's environmental vanguard. Joseph E. Newsome (pictured above, by the Gordon Avenue Business Incubator in South Providence), for example, is part of a new effort called the Ecolodgic Group, which aims to make a green design-equipped prototype home than will be 75 percent more energy-efficient than a conventional counterpart.

    Read More

  • November 07, 2007
    By Ian Donnis

    071109_ecocorp_main

    As part of this week's Green issue of the Phoenix, David Bernstein says that corporations are laughing all the way to the bank as ordinary folks take up compact fluorescent light bulbs and other bitsy measures to combat global warming.

    Eco-living is the new opiate of the masses. The captains of industry have duped you — like master magicians, they have used simple tricks and toys to divert your attention from the real source of global catastrophe, tucked securely up their sleeves.

    Read More

  • November 01, 2007
    By Ian Donnis

    A variety of things today concerning the mayor of the celebrated city:

    -- An arbitrator has sided with Providence firefighters in one part of their ongoing dispute with City Hall. Desite the resolution of this element, a reconciliation seems very unlikely at this time. From Greg Smith:

    The arbitration award, which was made public yesterday by the firefighters union, settles employment terms for the period July 1, 2004 through June 30, 2005.

    Read More

  • November 01, 2007
    By webteam

    Why is that callers to talk-radio in Rhode Island are invariably quick to condemn "deadbeats" and "freebies," yet they never mention how various US corporations are the beneficiaries of millions of dollars in corporate welfare, much of it related to the ongoing misadventure in Iraq?

    Which of these has the larger impact on the typical US taxpayer?

    Read More

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