Indiana governor proposes 6% boost for schools next year
Gov. Eric Holcomb’s plan would give K-12 schools their largest funding increase in more than a decade even amid worries about an expected slowdown in the growth of state tax collections.
Associated Press
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Fed minutes: Officials cited strong hiring to justify hikes
Overall, the minutes showed that Federal Reserve officials remained determined to keep rates high to quell inflation and have taken little comfort from inflation’s decline from a peak of 9.1% in June to 7.1% in November.
U.S. job openings still high in sign of economic resilience
The high number of vacancies suggest the Fed will continue raising its benchmark interest rate at its coming meetings to quell inflation. Those higher rates will also raise the cost of mortgages, auto loans and other consumer and business borrowing.
Salesforce mum on how companywide cuts will affect Indy operations
The global cloud-computing giant revealed on Wednesday a major restructuring plan that will lay off about 10% of its employees and shrink its real estate footprint.
Southwest apologizes, gives customers frequent-flier points
Southwest Airlines canceled more than 15,000 flights between Dec. 22 and Dec. 30, according to tracking service FlightAware. The flight disruptions began with a winter storm that swept across the country.
One dead, one wounded in shooting outside Castleton Square
The shooting occurred just before 8 p.m. outside the state’s largest shopping center, the Indianapolis Metropolitan Police Department said.
NCAA recommendations call for bigger championship events
The NCAA Division I transformation committee is recommending more sport-by-sport governance and allowing 25% of teams in certain sports to compete in championship events.
COVID continues to create child care disruptions
For working parents of young children, it seems the rest of the world has moved on from the pandemic. But unending illness and child care disruptions have upended these families’ lives.
UPDATE: NFL postpones Monday night game after player collapses on field
Buffalo defensive back Damar Hamlin was in critical condition early Tuesday after the Bills say his heart stopped following a tackle during the Monday Night Football game, which was indefinitely postponed.
As legal pot grows, more children sickened by edibles at home
More than 7,000 confirmed cases of children younger than 6 eating marijuana edibles were reported to the nation’s poison control centers between 2017 and 2021, climbing from about 200 to more than 3,000 per year.
S&P 500 closes out dismal year with worst loss since 2008
The benchmark index fell 0.3% Friday, the last trading day of the year, leaving it down 19.4% for the year.
Google to pay Indiana $20 million to resolve privacy suit
States began investigating after a 2018 Associated Press story that found that Google continued to track people’s location data even after they opted out of such tracking by disabling a feature the company called “location history.”
Southwest Airlines schedule returns to relative normalcy
The carrier, which had canceled thousands of flights every day this week after a winter storm last weekend, reported fewer than 40 cancellations early Friday. That was still more than United, American and Delta combined
Indiana blocks Chinese-owned app TikTok from state devices
The blockage came on the same day that Indiana Attorney General Todd Rokita sued TikTok, claiming the video-sharing platform misleads its users, particularly children, about the level of inappropriate content and security of consumer information.
Probe: Alzheimer’s drug approval ‘rife with irregularities’
The Food and Drug Administration’s contentious approval of Alzheimer’s drug Aduhelm took another hit Thursday as congressional investigators questioned the integrity of the process.
Biden signs $1.7T bill funding government operations
The massive bill, which topped out at more than 4,000 pages, wraps together 12 appropriations bills, aid to Ukraine and disaster relief for communities recovering from natural disasters. It also contains scores of policy changes.
U.S. Census Bureau redefines meaning of ‘urban’ America
Almost 1,000 cities, towns and villages in the U.S. lost their status as urban areas on Thursday as the U.S. Census Bureau released a new list of places considered urban based on revised criteria.
New tax credits for EVs expected to boost their appeal
Starting Jan. 1, many Americans will qualify for a tax credit of up to $7,500 for buying an electric vehicle. But a complex web of requirements is casting doubt on whether anyone will be able to receive the full $7,500 credit.
Rocky ride: Tesla stock on pace for worst year ever
The company’s results have been solid this year in terms of profit and revenue, but electric vehicle models from other automakers are starting to chip away at Tesla’s dominance of the U.S. EV market.
Andretti partners with Taylor in sports car expansion
Michael Andretti widened his racing portfolio Wednesday by partnering with perennial contender Wayne Taylor Racing in the International Motor Sports Association sports car series.