bloomberg news

$196K pension for Providence’s ex-fire chief makes Bloomberg

May 24th, 2012 at 12:11 pm by under Nesi's Notes

Michael McDonald reports for Bloomberg News on pension woes in Providence and elsewhere:

It has been more than 20 years since Gilbert McLaughlin ran the fire department in Providence. Yet the former chief stands to be biggest loser as the capital of the smallest U.S. state flirts with insolvency.

McLaughlin hung up the phone when Bloomberg called him at his home in Warwick to ask about his pension. Also, I wonder where Paul Doughty learned McLaughlin will get more than $700,000 at age 100?


What’s new in the Bloomberg News profile of Gina Raimondo

January 10th, 2012 at 11:28 am by under Nesi's Notes

Raimondomania continues.

The latest entrant is Michael McDonald, a reporter with the Boston bureau of Bloomberg News. His profile of the treasurer – given the oh-so-Bloomberg headline “Gina Raimondo Math Convinces Rhode Island of America’s Prospects” – moved on the wire service today.

McDonald’s story is a sympathetic but thorough look at the treasurer’s story and her role in passing the pension law last month, and he doesn’t include any glaring errors the way The New York Times did last fall. A few fun nuggets, also flagged by Ian Donnis on Twitter:

• Raimondo’s donors include Orin Kramer, Roger Altman, Whitney Tilson and Sheryl Sandberg (of Facebook).

• Newark, New Jersey’s mayor Cory Booker roomed with Raimondo’s husband, Andy Moffit, at Yale Law.

• Chicago Mayor Rahm Emanuel and Pa. Treasurer Rob McCord have reached out to her for pension advice.

Elsewhere on the Web, a rare note of dissension about the treasurer was sounded Tuesday on People for the American Way’s Right Wing Watch blog. The post argues Raimondo’s speech last week at the Manhattan Institute “is likely to raise eyebrows back home because of what she said and where she said it.”

An earlier version of this post said Booker is the mayor of Trenton; he is the mayor of Newark.