On Politics

It appears that New York Mayor Mike Bloomberg, a billionaire media mogul, has switched his affinity from Gov. Lincoln Chafee to RI General Treasurer Gina Raimondo in the 2014 Ocean State campaign for governor.

Moody's Investors Service isn't taking lightly debate about whether to pay back bonds issued to fund the state's investment in 38 Studios. The agency has downgraded the 38 Studios' bonds and warned Rhode Island of other possible action:

There’s an old chestnut in banking: If you owe the bank $10,000, the bank owns you. If you owe the bank $100 million, you own the bank.

That’s pretty much what has happened in Rhode Island state government’s quest to regulate the state-sponsored gambling emporiums at Newport Grand and at Twin River (aka Twin Rivahs in Vo Dilundese) in Lincoln.

Voters will still have to show identification to vote in Rhode Island -- but not a photo ID -- under a compromise ticketed for passage in the House of Representatives.

Welcome back to my weekly column. You can find me on Twitter. Let's head in.