COVID-19 reshapes back-to-school spending
The National Retail Federation, the nation’s largest retail trade group, predicts record back-to-school spending this year, but other retail experts foresee big cutbacks.
As pre-K gains momentum in Indiana, pandemic creates new obstacles
After several years of building up its pre-K program, Indiana is now poised to evaluate the success of On My Way Pre-K. But the coronavirus could make it difficult.
NFL plans to use tech, lessons from baseball to forge ahead
The National Football League, a little over a month from the start of its 2020 season, has a plan to avoid the kind of coronavirus-driven game cancellations that have plagued the start of Major League Baseball.
California’s lockdown-related job losses portend trouble for rest of nation
Renewed job losses in California brought on by revived lockdown efforts might have a preliminary impact in the July U.S. jobs report due Friday—and an even bigger effect in August.
Federal nursing home plan limits upfront supply of free COVID-19 tests
The weekly cost of testing employees could range from more than $19,000 to nearly $38,000, according to estimates. But the Trump administration said nursing homes can cover the cost of ongoing testing from a $5 billion pot provided by Congress, and allocated to the facilities by the White House.
IU Health sees operating income plunge 34% over first half of year
The pandemic took a huge bite out of routine surgeries and other highly profitable procedures at the state’s largest hospital system.
Stocks rally worldwide, S&P 500 back to within 3% of record
Gains for tech stocks, particularly Microsoft and Apple, pushed the Nasdaq composite up 1.5%, to another record.
House panel calls on new postal chief to explain mail delays
Postal Service officials, bracing for steep losses from the nationwide shutdown caused by the pandemic, have warned they will run out of money by the end of September without help from Congress.
U.S. Treasury projects record Q3 borrowing of $947 billion
The Congressional Budget Office is projecting that the deficit for this year will soar to $3.7 trillion, far surpassing the previous record deficit of $1.4 trillion in 2009, the first time the shortfall for a single year topped $1 trillion.
Virus relief bill remains up in air as negotiations resume
Both the Trump administration negotiating team and top Capitol Hill Democrats remain far apart, and talks since Saturday—when the combatants announced modest progress—have yet to lend momentum.
Community Health loses $40M in first half of year, cuts 80 administrative jobs
The hospital has made more than $60 million in cuts, including the elimination of its 401(k) match through the rest of the year and the closing of a rehabilitation hospital in Kokomo.
Central Indiana school temporarily closes after positive virus test
Meanwhile, parents and caregivers of football players at an Indianapolis high school have been told to monitor their children after a player at Warren Central tested positive for the virus.
Indiana reports another 582 COVID-19 cases as testing slows
Marion County reported an increase of 153 cases, the 18th straight day that cases in the county have risen by more than 100.
Republic Airways to furlough 293 in Indianapolis, 2,500 company-wide
Indianapolis-based Republic expects the layoffs to take place in two waves on Oct. 1 and Nov. 1, although they likely will be temporary for local pilots, flight attendants, dispatchers and maintenance facility employees.
Parent of Men’s Wearhouse, Jos. A. Bank goes bankrupt
Tailored Brands, the owner of Men’s Wearhouse, Jos. A. Bank and K&G Fashion Superstore, has 11 total stores in the Indianapolis area.
Lilly to start testing experimental treatment for COVID-19 in nursing homes
The Indianapolis-based drugmaker said it will enroll about 2,400 residents and staff of nursing homes to test an antibody it is developing with a Canadian biotech. Nursing homes account for about 40% of U.S. deaths from COVID-19.
U.S. lawmakers say deal on coronavirus relief remains elusive
U.S. House Speaker Nancy Pelosi, Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows made clear in separate interviews Sunday that they remain far apart on another pandemic relief package.
Ransomware feared as possible saboteur for November election
Federal authorities say one of the gravest threats to the November election is a well-timed ransomware attack that could paralyze voting operations. The threat isn’t just from foreign governments, but any fortune-seeking criminal.
Indiana reports 784 new COVID-19 cases, four more deaths
The state on Sunday said Marion County saw an increase of 132 cases, the 17th straight day that cases in the county have risen by more than 100.
COVID-19 cases jumped 90% in Indiana in July amid rise in testing, but deaths fell
The Indiana State Department of Health on Saturday reported 989 new COVID-19 cases, the second-highest number of cases reported in the daily report since the beginning of the pandemic.
Resources
Centers for Disease Control and Prevention CDC Resources for Businesses and Employers OSHA Guidance on Preparing Workplaces for COVID-19 Indiana State Department of Health Indy Chamber Rapid Response Hub Small Business Administration The SBA is making low-interest loans for working capital available to Indiana small businesses. Indiana Unemployment Information Johns Hopkins Coronavirus Dashboard Critical Industries Hotline(for business and industry only)
877-820-0890
[email protected] State’s virus-related executive orders State plan to reopen Indiana