Entertainment

Just How Big is the Markup on Movie Theater Food?

We all know that movie-theater food is expensive: The concession stand employees should give you your large Coke before they ring it up, just so you can do a proper spit take when you hear the price. This is just a fact of life we have to accept, like sticky theater floors and shared-armrest jousting. But it’s worth asking: Just how overpriced is movie food? To find out, we turned to the guy who wrote the book on the subject: Richard B. McKenzie, professor emeritus at the UC Irvine Merage School of Business and author of Why Popcorn Costs So…
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Featured

The WTO Predicts Upturn in World Trade in 2014

Global trade is expected to pick up in 2014 after two years of decline, according to the World Trade Organization. The Organization, based in Geneva, predicts a trade growth of , more than double from the previous year. But he warned that only in 2015 will global trade return to the average level of the past two decades. Analysts point out that the forecast is another sign that the global economy is recovering, after the financial crisis that began in 2008.
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Featured

Raimondo Rolls Out Part Four of Her Blueprint for Rhode Island: Promoting Tourism

BRISTOL - Rhode Island has incredible resources -- a gorgeous coastline, top-notch restaurants, a thriving arts scene and a rich history -- but we are not best utilizing these resources to drive our economy. As we continue to struggle with the highest unemployment rate in the country, we have to take advantage of our state’s assets to grow our economy and create new jobs. This morning, Gina was joined by members of Explore Bristol, elected officials and local business owners to roll out the fourth component of her Blueprint for Rhode Island: promoting tourism. Following her tourism plan release, she…
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World News

Cuba: Parliament Is Studying Law To Attract Foreign Investment

A new law to attract foreign investment is expected to be approved Saturday by the Parliament of Cuba. The new rule implies a reduction in the rate of the gains of at least 15% and most of the investors on the island projects would have a tax exemption for eight years. However, according to information provided by the Cuban Government through the newspaper Juventud Rebelde, companies that extract natural resources of the country, including oil, will not have that privilege and must pay the income tax rate that can reach 50%, depending on what was negotiated with the Government.
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World News

Russian Economy Could Contract By 1.8% If Deepens Crisis Over Crimea

The World Bank warned that Russia's economy could suffer a contraction of up to if the crisis that arose as a result of the annexation of the Crimea region deepens. The report published by the World Bank indicates that an intensification of the political tension could generate greater economic uncertainty and further reduce confidence and the economic activities of investors. "The World Bank has developed two scenarios for Russia. Prospects depend widely on the recovery of confidence of entrepreneurs and consumers and geopolitical risks indicates the institution, which in the worst case also foresees a contraction of percent in 2015. However,…
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Featured

Mayor Taveras Launches Storefront Improvement Program to Revitalize Building Facades

PROVIDENCE, RI - Mayor Angel Taveras, joined by local business owners and business leaders, announced the launch of a new storefront improvement program this morning. The program will support the revitalization of building facades and small businesses across Providence. The initiative is one of the steps identified in Mayor Taveras' 20-point economic development plan, Putting Providence Back to Work. LPR NEWS "Providence is known for its diverse, historic neighborhoods, which are anchored by small businesses," said Mayor Taveras. "The storefront improvement program is designed to attract customers to existing businesses, revitalize local business districts, and enhance the beauty and safety…
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Featured

Raimondo and Fung “engage in destructive political games,” says Ken Block

Republican gubernatorial candidate Ken Block says Democrat Gina Raimondo and Republican Allan Fung are "engaging in destructive political games instead of working to solve the state's problems." "There is one main reason why Rhode Island has wound up as one of the worst states for jobs in the country: career politicians who pander for votes and make awful decisions as a result," said Block. Block pointed to a Wall Street Journal article describing how Treasurer Raimondo got the State Investment Commission to pull pension investments out of one of the highest-performing funds in the portfolio due to pressure from the…
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Community

CVS Caremark to Stop Selling Tobacco at all CVS/pharmacy Locations

WOONSOCKET, , Feb. 5, 2014 /PRNewswire/ --CVS Caremark (NYSE: CVS) announced today that it will stop selling cigarettes and other tobacco products at its more than 7,600 CVS/pharmacy stores across the by October 1, 2014, making CVS/pharmacy the first national pharmacy chain to take this step in support of the health and well-being of its patients and customers. "Ending the sale of cigarettes and tobacco products at CVS/pharmacy is the right thing for us to do for our customers and our company to help people on their path to better health," said Larry J. Merlo, President and CEO, CVS Caremark.…
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Politics

Lorne Adrain announced his candidacy for Mayor of Providence

Lorne Adrain announces bid for mayor of Providence (Feb. 3, 2014) - Fox Point resident and community leader Lorne Adrain announced his candidacy for Mayor of Providence today at the Friendship Café. In front of family, friends, community leaders and supporters. Adrain said, "Today is about returning potential, possibility and promise to everyone in this great city. I will focus on rebuilding our economy and create new and better paying jobs, turn our schools into places that ignite a passion for learning, opening and build a safer and more vibrant community not just for the next eight years, but for…
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Politics

Brett Smiley speaks with Dr. Pablo Rodriguez on Latino Public Radio

Dr. Pablo Rodriguez interviewed Brett Smiley about his progressive past, his support of driver’s licenses to all resident immigrants, more recreational opportunities for our young people, and his vision of safer streets, better schools, and a more prosperous economy. Podcast Questions for Brett Smiley; Hablemos on WRNI 1290- 01/25/14 Welcome to the show. this is your first run at public office in RI and many would like to know what has prepared you to be the next mayor? What do you bring to the job? What are the greatest challenges facing the city of Providence and how do you plan…
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