After a 40 day and 40 night showdown, Arthur T. Demoulas is once again in charge of the Market Basket grocery store chain.In other campaign news
Demoulas. with the support of Massachusetts Gov. Deval Patrick and New Hampshire Gov. Maggie Hassan, brokered a $1.5 billion deal to take full control of the stores, capping a family dispute that has simmered for years over control of the company.
Demoulas was fired as CEO in June by the family faction controlled by his cousin, Arthur S. Demoulas. That firing prompted a reaction by store employees and shoppers that brought the company to its knees as shelves went empty of food and aisles went empty of shoppers.
With the deal this week, funded by equity firms and a commercial bank loan, workers are reactivating the supply chain to re-stock shelves and welcome shoppers back to the stores.
“Market Basket is a major employer in Massachusetts and New Hampshire, and an important local resource for the communities the company serves. We are delighted that the parties have reached agreement on terms of sale and resolution of operating authority, so that employees can return to work and customers will once again be able to rely on these stores to meet their needs,” Patrick and Hassan said in a joint statement.
Local shoppers hailed the agreement. Read a Seacoast Online story here.
Court favors tax credit law
The N.H. Supreme Court ruled on Thursday that the tax credit for private religious school scholarships is legal, overturning a lower court decision.
The measure was passed in 2012 by a Republican-dominated Legislature, which overrode a veto by then-Gov. John Lynch, a Democrat. Gov. Hassan, also a Democrat, made repeal of the law a priority, but Republicans blocked the effort.
In a statement after Thursday’s ruling, Hassan called on the Legislature again to repeal it. “The voucher tax credit is bad public policy for public education in New Hampshire and our taxpayers, diverting millions of dollars in taxpayer money with no accountability or oversight to religious and private schools at the expense of public schools and property taxpayers across the across the state,” she said.
Opponents argue the law violates the separation of church and state. Proponents say the law gives parents a choice on how best to educate their children.
See a Concord Monitor story here.
In another high court decision, justices ruled four men sentenced to life in prison for murders committed when they were minors should get new sentencing hearings. See an NHPR story here.
Primary 2014 interviews
The primary election is Sept. 9 and the races for statewide office involve mostly Republicans. Key decisions will be made in the races for governor, U.S. Senate, U.S. House 1st Congressional District, and U.S. House 2nd Congressional District.
Our partners at New Hampshire Public Radio have been airing interviews with the various candidates. Here are the links:
Former Massachusetts U.S. Sen. Scott Brown certainly seems to be the frontrunner in the campaign against U.S. Sen. Jeanne Shaheen (D-NH). Not only are his Republican opponents in the primary gunning for him, Shaheen is as well already.
In a GOP Senate candidates debate, Brown was the target of criticism from his primary challengers, former state Sen. Jim Rubens and former U.S. Sen. Bob Smith. See a Union Leader story here
Shaheen has a TV ad that takes on Brown, even though she isn’t running against him just yet. See a WMUR story here
And the attorney general’s office has basically told Democrat and Republicans to “cool it” when it comes to charges and counter-charges over campaign financing in the governor’s race. See a Seacoast Online story here
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It’s a holiday weekend and a lot of tourists -- and a lot of their money -- are expected in the Granite State. Be careful out there. See you next week.