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Bed Bath & Beyond to close 150 stores, cut workforce by 20%

August 31, 2022 | Associated Press

Shares of Bed Bath & Beyond lost nearly a quarter of their value Wednesday after the struggling home goods retailer announced a restructuring that includes store closures, layoffs and a possible stock offering.

U.S. life expectancy plunged again in 2021, down nearly a year

August 31, 2022 | Associated Press

In the first two years of the COVID-19 pandemic, the estimated American lifespan has shortened by nearly three years. The last comparable decrease happened in the early 1940s, during the height of World War II.

FDA clears updated COVID boosters targeting newest variants

August 31, 2022 | Associated Press

The move by the Food and Drug Administration tweaks the recipe of shots made by Pfizer and rival Moderna that already have saved millions of lives. The hope is that the modified boosters will blunt yet another winter surge.

Johnson Memorial Health to join Mayo Clinic network

August 31, 2022 | John Russell

The Franklin-based health system said it will become part of the Mayo Clinic Care Network, an operation that allows independent hospitals to tap into the giant health organization’s vast system of specialists and researchers to help solve medical problems.

Boone County councilor sues commissioner, files counterclaim against accuser in harassment case

August 31, 2022 | Daniel Bradley

Aaron Williams alleges a scheme to destroy his career in the legal filings made against Boone County Commissioner Tom Santelli and the county’s human resources director.

Dutch government ‘very concerned’ after soldier’s killing in Indianapolis

August 30, 2022 | The Washington Post and Associated Press

Defense Minister Kajsa Ollongren told reporters in Prague, where she met with her European Union counterparts, that the state of affairs in the Netherlands’ “most important ally” had become troubling.

FDA chief says long-awaited opioid review still in works

August 30, 2022 | Associated Press

A review of prescription opioid medications, including their risks and contribution to the U.S. overdose epidemic, is still underway at the Food and Drug Administration, the agency’s commissioner said Tuesday.

U.S. House panel calls for cryptocurrency fraud oversight

August 30, 2022 | Associated Press

The inquiries come as the cryptocurrency market has seen immense volatility, as bitcoin lost nearly half its value at one point this year and other cryptocurrencies fell even more.

UPDATE: Some Marion County Democrats call for Black party chair following Bell’s resignation

August 30, 2022 | Taylor Wooten

Concerned Clergy of Indianapolis, National Action Network of Indiana and the Baptist Ministers Alliance called for the change and questioned why Kate Sweeney Bell’s departure as party chair didn’t come sooner.

Indiana abortion clinics sue to block state’s near-total ban

August 30, 2022 | Associated Press

The lawsuit claims the ban, set to take effect on Sept. 15, “strips away the fundamental rights of people seeking abortion care” in violation of the Indiana Constitution.

Indiana approved for $187M in federal broadband expansion funding

August 30, 2022 | Whitney Downard, Indiana Capital Chronicle

The funding is expected to connect more than 50,000 Hoosiers to high-speed broadband internet, the U.S. Treasury Department announced Tuesday. 

Red-hot labor market has helped boost unions

August 30, 2022 | The Washington Post

Economists say tight labor markets tend to give workers more leverage to form unions and to demand higher wages and better working conditions, while downturns tend to make workers less willing to make collective demands of their employers.

Indiana’s special legislative session cost $240K

August 30, 2022 | Casey Smith, Indiana Capital Chronicle

Lawmakers receive about $183 in per diem costs for each day the legislature is in session to cover meals and lodging, although they are not required to use the money for those purposes.

Indiana Statehouse

U.S. asks farmers: Can you plant two crops instead of one?

August 30, 2022 | Associated Press

The USDA hopes to significantly increase the amount of wheat that U.S. farmers could grow every year, lessening the reliance on big wheat producers like Ukraine and Russia and eliminating bottlenecks.

Musk cites whistleblower as new reason to exit $44B Twitter deal

August 30, 2022 | Associated Press

Tesla CEO Elon Musk and Twitter lobbed more accusations at each other Tuesday in the latest round of legal filings over Musk’s efforts to rescind his offer to buy the social media platform.

Fed’s soft landing hinges on job market doing something strange

August 30, 2022 | Bloomberg News analysis

The Federal Reserve’s hopes for a “soft landing” rest on a rarely occurring phenomenon: Unemployment will rise not because workers lose their jobs, but because more people without jobs start looking for work.

Sourwine Real Estate scion tackles top role due to family health issues

August 30, 2022 | Mickey Shuey

Joe Sourwine, 34, took over the role of president at his family’s firm, Sourwine Real Estate Services, earlier this year after his father was diagnosed with amyotrophic lateral sclerosis, commonly called ALS.

Consumers more confident in August as gas prices dip

August 30, 2022 | Associated Press

Following three straight monthly declines, U.S. consumer confidence rebounded in August as inflation moderated and gas prices fell.

Job vacancies rise after 3 months of declines, dashing Fed hopes for cooling

August 30, 2022 | Associated Press

The increase that the government reported Tuesday will be a disappointment for Federal Reserve officials, who are seeking to cool hiring by raising short-term interest rates to try to slow borrowing and spending, which tend to fuel inflation.

Two schools seek to give Pike Township its first charters

August 29, 2022 | Amelia Pak-Harvey, Chalkbeat Indiana

Applications for both schools are due in September. The Indianapolis Charter School Board will decide whether to grant charters for the schools during a public hearing in November.

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