This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

RI Gov Calls For Lower Biz Taxes In State-of-state

"We tried the 'get rich quick' approach by giving $75 million to a retired baseball player with no business experience," he said. "We cannot make such panic driven decisions again."

Chafee also won big applause when he vowed to work to craft legislation to prevent gun violence, citing last month's massacre of 20 children and six educators in Newtown, Conn.

But the 25-minute speech never strayed far from Chafee's economic prescription, and his confidence that the state is making strides.

The state expects to have $79 million in surplus funds when it ends the current fiscal year June 30 â¿¿ marking the second consecutive year of surplus. State revenue estimates are up, and the state's unemployment rate is down â¿¿ slightly â¿¿ to 10.4 percent.

While that's still the second highest jobless rate in the nation, Chafee said there's reason for optimism.

"Things are getting better," he said. "And we must build on this momentum to continue our recovery."

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.22 -1.70%
FB $116.51 -0.19%
GOOG $690.42 -0.09%
TSLA $238.01 -3.90%
YHOO $36.29 -0.82%


Chart of I:DJI
DOW 17,691.26 -139.50 -0.78%
S&P 500 2,055.14 -20.67 -1.00%
NASDAQ 4,752.6650 -52.6260 -1.10%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs