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Economist: Pandemic recession has ended, but disruptions linger
Fifth Third Bank’s Chief Investment Strategist Jeff Korzenik told an Indianapolis audience Wednesday that the workforce crunch and sudden glut in downtown office space remain vexing problems, but Indiana is in solid position to take advantage of the return of manufacturing from overseas.
IPS could share $5M in referendum funds with innovation schools
Responding to urging from families and other advocates, Indianapolis Public Schools is proposing to share $5 million per year from a recent tax measure with its charter school partners.
U.S. jobless claims drop to pandemic low of 267,000
Applications for unemployment aid have been falling mostly steadily since topping 900,000 in early January and are gradually nearing prepandemic levels of around 220,000 a week.
Ford, Purdue partner on technology to speed up EV charging
Researchers say charging times for electric vehicles could eventually be on par with filling up a car at a gas station.
U.S. consumer prices soared 6.2% in past year, most since 1990
Inflation is eroding the strong gains in wages and salaries that have flowed to America’s workers in recent months, creating political headaches for the Biden administration and congressional Democrats and intensifying pressure on the Federal Reserve.
Letter: Vaccinations, masking help protect children
The facts are simple and irrefutable. Vaccinations are safe and effective. Almost all of the patients being treated for COVID-19 across Indiana hospitals are unvaccinated.
Developer plans $200M-plus revitalization project for Lafayette Square
Plans for the shopping center property call for a new name and multiple new uses, including apartments, hotel, sports facilities, concert center, a police station and a public trail and canal.
Plans for 16-story downtown Kimpton hotel project still ‘active,’ developer says
Loftus Robinson confirmed plans this week to give up development rights to the unfinished Wilshaw hotel project in Speedway after numerous delays, but company Principal Drew Loftus said the firm’s redevelopment plan for a tower in downtown Indianapolis is still on.
Whistleblowers to play key role in enforcing vaccine mandate
To enforce President Joe Biden’s forthcoming COVID-19 mandate, the U.S. Labor Department is going to rely on employees concerned enough to turn in their own employers if their co-workers go unvaccinated or fail to undergo weekly tests to show they’re virus-free.
Business coalition takes aim at racial education, workforce gaps
A new report, released Tuesday, says major gaps in education and employment affect the lives of Black Indianapolis residents long-term, but businesses could help improve the situation.
Congress mandates new car technology to stop drunken driving
It’s one of the mandates along with a burst of new spending aimed at improving auto safety amid escalating road fatalities in the $1 trillion infrastructure package that President Joe Biden is expected to sign soon.
Pfizer asks FDA to approve COVID-19 booster shots for all adults
Pfizer asked U.S. regulators Tuesday to allow boosters of its COVID-19 vaccine for anyone 18 or older, a step that comes amid concern about increased spread of the coronavirus with holiday travel and gatherings.
Dr. Richard Feldman: More regulations needed to curb youth vaping
Vaping products are today’s candy cigarettes.
Indiana’s death toll from COVID-19 rises by 59
Statewide hospitalizations due to COVID-19 increased from 1,226 on Sunday to 1,261 on Monday. COVID patients occupy 15.2% of Indiana’s intensive care unit beds.
Producer prices rise 8.6%, matching September record high
The Labor Department reported Tuesday that its producer price index—which measures inflation before it hits consumers—rose 0.6% last month from September, pushed higher by surging gasoline prices.
General Electric to split into three public companies
General Electric announced Tuesday that it will spin off its health care business in early 2023 and its energy segment including renewable energy, power and digital operations in early 2024.
Fast-growing Sweetgreen, ‘the Starbucks of salads,’ to debut in Indiana with north-side restaurant
The national fast-casual salad chain is in expansion mode as it prepares to become a public company. Filings with the state show that it’s also considering a downtown Indianapolis location.
Former Indianapolis Indians GM Burleson dies at 71
Cal Burleson, who spent 45 years with the Indianapolis Indians, including 16 as general manager, passed away Sunday from complications from cancer.