Details on the president’s economic rescue plan remain sparse, but its centerpiece is to dedicate $500 billion to start issuing direct payments to Americans by early next month. It would also funnel cash to businesses to help keep workers on payroll.
The low-interest loans of up to $2 million are designed to provide working capital to Indiana businesses struggling to make it because of the COVID-19 outbreak.
The growing number of people filing for unemployment checks raises fresh questions about whether states have stockpiled enough money since the last recession to tide over idled workers until the crisis ends.
Stocks sank more than 5% on Wall Street Wednesday, and the Dow erased virtually all its gains since President Donald Trump’s 2017 inauguration.
This area has 1,081 intensive care unit beds, but they could be filled by coronavirus patients within weeks under numerous scenarios mapped out by the Harvard Global Health Institute.
State officials have taken sharp criticism in the last week for the slow pace of testing. Through Tuesday, the Indiana State Department of Health had conducted 193 tests, out of which 39 were presumed positive.
The Indianapolis-based company said Wednesday that it made the decision “after extensive discussions with federal, state and local officials and in recognition of the need to address the spread of COVID-19.”
The United Auto Workers union has been pushing for factories to close because workers are fearful of coming into contact with the coronavirus.
President Donald Trump says he’ll invoke the Korean War-era Defense Production Act to marshal the private sector in response to the coronavirus pandemic.
The library shut down all its physical locations at the end of the day Saturday. This, plus the fact that many patrons are home from work or school, has created a big bump in demand for digital materials.
IndyHub, working with Leadership Indianapolis, plans to host digital book clubs, panel discussions and virtual meet-ups, replacing their traditional event and program schedules with opportunities to convene remotely.
The Treasury Department wants to start issuing direct payments to Americans by early next month as the centerpiece of a $1 trillion plan to stabilize the economy as the coronavirus epidemic threatens a body slam to taxpayers and businesses.
It’s up to each district to decide whether to pay hourly workers—including bus drivers, custodians, food service employees and paraprofessionals—who are typically paid only for days when students are present.
The vast changes deemed necessary to defeat the virus—people and companies no longer engaging with each other—are bringing everyday business to a halt and likely delivering a death blow to the longest economic expansion on record.
The closures involve six plants in the United States, Canada, and Mexico, including the company’s Indiana plant in Greensburg.
The international retailer opened its Fishers store in October 2017.
Grocers big and small are hiring more workers, paying overtime and limiting purchases on certain high demand items as they scramble to restock shelves that have been wiped out in response to the global viral pandemic.
As Congress works on a rescue package to help shore up a U.S. economy hard hit by the pandemic, businesses from the solar power industry to casinos and hotels, along with doctors, nurses and educators are urging lawmakers to give them a share of the pie.
President Donald Trump asked Congress to speed emergency checks to Americans, enlisted the military for MASH-like hospitals and implored people to stay home to stop the spread of the coronavirus. His proposed economic package could approach $1 trillion.
In some places, governors, mayors and county leaders have instituted aggressive action that is changing the fabric of life. In other spots, authorities have been far more lax, allowing routines to carry on more or less as normal.
