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This is your RISC-Y Business email for July 6, 2010 |
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Gina Raimondo is the one-third owner in a venture capital firm that has received a $5 million of investment from the State of Rhode Island. The Chairman of the State Investment Commission is the General Treasurer and now she is running for that office.
Her candidacy raises a slew of questions: if elected what does this mean? How does the Investment Commission function? How does she sell her shares in her business if she is the General Treasurer elect and overseeing a direct $5 million investment?
GoLocalProv, Treasurer candidate denies $5 million deal a conflict of interest, July 6, 2010 |
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TO TRACK KEY VOTES OF YOUR LEGISLATORS, SEE THE RISC WEBSITE |
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Today's News! |
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Rhode Island Statewide Coalition is on FaceBook and myRISC.com
RISC Business Network is on FaceBook , Twitter, LinkedIn, and myRISC.com |
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RBN pro-business, pro-jobs candidates to be announced
July 20th
THE RACES ARE ON!
SENATE AND HOUSE SEATS ARE SEEING CHALLENGES IN ALMOST EVERY DISTRICT! THIS IS AN HISTORIC MOMENT FOR RI, AND RBN 2010 IS AN HISTORIC IDEA WHOSE TIME HAS ARRIVED!!!
We've reached the $100,000 mark in funding and campaign pledges, but we need EVEN MORE PLEDGES to elect a slate of pro-business, pro-jobs candidates!
THIS IS AN AMAZING OPPORTUNITY TO CLEAN UP RI AND GET SOME FRESH BLOOD FLOWING IN THE STATE LEGISLATURE! ARE YOU IN?
WE MAY NOT HAVE SUCH AN OPPORTUNITY AGAIN!
TELL EVERYONE YOU KNOW:
RBN2010.COM IS GOING TO CHANGE THE R.I. GENERAL ASSEMBLY!!
FIND OUT MORE!
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Vote on this week's poll: www.statewidecoalition.com:
Over 300 candidates-- an unusually high showing- -filed papers last week to run for the 113 House and Senate seats in the state Legislature. Do you believe the high number of candidates reflects the public’s dissatisfaction with the General Assembly and anger at many incumbents? |
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Teachers’ Union Shuns Obama Aides at Convention
NEW ORLEANS — For two years as a presidential candidate, Barack Obama addressed educators gathered for the summer conventions of the two national teachers’ unions, and last year both groups rolled out the welcome mat for Education Secretary Arne Duncan.
But in a sign of the Obama administration’s strained relations with two of its most powerful political allies, no federal official was scheduled to speak at either convention this month, partly because union officials feared that administration speakers would face heckling.
The largest union’s meeting opened here on Saturday to a drumbeat of heated rhetoric, with several speakers calling for Mr. Duncan’s resignation, hooting delegates voting for a resolution criticizing federal programs for “undermining public education,” and the union’s president summing up 18 months of Obama education policies by saying, “This is not the change I hoped for.” |
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Michelle Rhee's role in the D.C. mayoral race
EVEN AS D.C. Schools Chancellor Michelle A. Rhee suggested she might not be able to continue her work if Mayor Adrian M. Fenty (D) is voted out of office, she insisted the race is not about her. The key, she said, is "the two gentlemen who are running and what their kind of stances are about education reform." She is both right and wrong. Clearly, voters must decide whether, on the all-important issue of education, Mr. Fenty or D.C. Council Chairman Vincent C. Gray (D) is the better choice. That decision, though, is inextricably linked to a judgment about Ms. Rhee.
At center stage in the District's debate is Ms. Rhee and her polarizing efforts to fix the city's troubled schools and, in the process, reshape the nation's approach to urban education. She was the mayor's surprise choice three years ago to lead the schools after he persuaded the council to give him control of the public school system. Mr. Fenty saw Ms. Rhee, who had never run a school system, as a change agent who would make the hard decisions that generations of D.C. officials lacked the political will to do. |
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PUC schedules wind-power proceedings
PROVIDENCE — The state Public Utilities Commission has put together a tentative schedule of proceedings for the review of a proposed long-term power-purchase agreement between National Grid and Deepwater Wind.
If the three-member commission approves the 20-year contract, Deepwater would sell power from a $205-million, eight-turbine wind farm planned in waters off Block Island to National Grid for a starting price of up to 24.4 cents per kilowatt-hour. The price could be lower if Deepwater is able to save on construction costs or if the wind farm is more productive than projected. Once the actual starting price is set, it would increase by 3.5 percent annually over the life of the agreement. |
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R.I. to hold hearing on Twin River gambling operator’s license
The Rhode Island Department of Business Regulation will hold a public hearing some time after Labor Day on the application for a gambling operator’s license tied to the Twin River slot parlor.
A federal bankruptcy judge on June 23 approved a complicated reorganization plan for the financially troubled facility.
The judge’s approval cleared a large hurdle out of the way for a lending group, led by Bank of America, to take formal control of the bankrupt slot parlor in Lincoln, which is expected to generate $259.3 million for the state over the next year. |
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The Do-It-Yourself City
DETROIT—Although he retired long ago, Eddie Edwards has found work that keeps him busy for much of the year: staving off blight on his block.
This summer, the 63-year-old Mr. Edwards is chopping down tall weeds in empty lots and cleaning the alleyways behind his home and across the street. He also routinely takes care of the street sweeping, using just a broom and dust pan.
"It is time-consuming," says Mr. Edwards, who spent his professional life molding glass into windshields and tail lights for Chrysler. "But I don't have anything else to do." |
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Treasurer Candidate Denies $5 Million Deal a Conflict of Interest
Gina Raimondo is the one-third owner in a venture capital firm that has received a $5 million of investment from the State of Rhode Island. The Chairman of the State Investment Commission is the General Treasurer and now she is running for that office.
Her candidacy raises a slew of questions: if elected what does this mean? How does the Investment Commission function? How does she sell her shares in her business if she is the General Treasurer elect and overseeing a direct $5 million investment?
There are a lot of questions that Gina Raimondo is facing in her run for General Treasurer and she doesn’t seem to have many answers. |
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Click here to read more... |
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Rhode Island Becoming a Better Place for Business
For years, Rhode Island has been dogged by report after report showing that it is one of the worst states to do business in.
Well, those days could be behind us.
The latest issue of Chief Executive magazine says the business climate in the Ocean State is getting better. The state still has a ways to go, but it did rank number 39 among the 50 states, based on a survey of 651 CEOs across the United States.
Rhode Islanders also may take some comfort in knowing that both Massachusetts and Connecticut were lower on the scale. The Bay State was fifth worst, while Connecticut was ranked 45. Texas topped the list, while California was dead last.
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RISC
P.O. Box 567, Charlestown, RI 02813/ Phone: 401-213-6316 / Fax: 401-213-6307 Email: info@risc-ri.orgWeb: www.statewidecoalition.com
The information included herein, not otherwise identified by source or author, is the copyright of the Rhode Island Statewide Coalition, Inc. "RISC-y Business", and the RISC logo are trademarks of the Rhode Island Statewide Coalition, Inc. Copyright © 2010 Rhode Island Statewide Coalition, Inc. |
