EXCLUSIVE: Worcester Public School Allows KKK Costume—GoLocalProv has learned that on Thursday at Worcester…
RI’s First Annual Mind Body Spirit Expo Arrives—Rhode Island's first ever Mind Body Spirit Expo…
10 Highlights of Obama’s Trip to RI—The President of the United States is in…
Side of the Rhode: Who’s Hot and Who’s Not?—Side of RI: Who's Hot and Who's Not?
Friday Financial Five – October 31st, 2014—Two positive developments this week include
5 Live Music Musts - October 31, 2014—There’s something just a little frightening about all…
Finneran: Too Old, Too White, Too Male To Understand….—why parents would allow their young children---girls specifically---to…
The Cellar: Wines That Get Better With Time—Invest now and enjoy later...
The Scoop: Smith Blasts Paiva-Weed on False Allegations, Elorza Questions Cianci’s Apology, and More—Welcome back to The Scoop, the 4 p.m.…
FM Global Pledges $1 million to URI’s Proposed Engineering Facility—FM Global has pledged $1 million to support…
Follow us on
From GoLocalProv by Michael G. Riley, GoLocalProv MINDSETTER™:
Chicago, Illinois and Providence, Rhode Island are in a neck and neck battle for the worst funded city in America. Last week, Moody’s Credit Rating Agency, using new metrics that should surprise no one, unceremoniously dropped Chicago three notches to BAA1. This is three levels above junk and affects $8 billion in GO (General Obligation Bond) debt. Similarly, Providence is also rated BAA1 but that was done in September 2013 prior to Moody’s change in methodology and after Providence’s mild reform effort. The difference between Mayor Taveras of Providence and Rahm Emanuel as individuals is obvious. One mayor is aggressively seeks a solution to an impending calamity and the other Mayor tinkered, caved to union demands and is done, thereby dooming Providence to receivership. Mayor Emanuel thinks the city of Chicago is in dire straits, is pushing the unions, and is looking for solutions. Mayor Taveras has fooled around with the accounting; made the laughably courageous call to end 6% COLAs (Cost of Living Adjustments) and now now everything is fine.
Last 24 hours
Last 7 days
Last 30 days