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Knight chosen for college hoops hall of fame

Bob Knight, who coached Indiana University to three national titles and had 902 wins in 41 seasons, is among eight members of the Class of 2011 of the National Collegiate Basketball Hall of Fame. Also in the class announced Monday are coach Eddie Sutton, players James Worthy, Cazzie Russell and Chris Mullin and contributors Joe Vancisin and Eddie Einhorn. Induction will take place Nov. 20. Knight also coached at Army and Texas Tech and finished with the most wins of any men's coach in Division I.

Winds rip top off house

High winds, possibly from a tornado, tore the roof from a ranch-style home in southern Madison County, just west of the town of Ingalls, early Monday morning. The National Weather Service has offered no confirmation of a tornado touchdown, but is expected to survey the damage. No injuries were reported.

 

High waters strand motorists

Severe overnight storms caused numerous problems throughout central Indiana. Several area districts decided to delay school in order to let high waters subside. Ten cars had to be pulled from flood waters Monday morning in Indianapolis between New Church Boulevard and Washington Street. High water made it difficult for many school buses, including a Washington Township bus headed for North Central High School with 17 students on board that got stuck near 44th Street and Clover Drive. In Madison County, a bridge collapse near Frankton caused two vehicle accidents.

Bankruptcy filings ease slightly in Indiana

Total bankruptcy filings in the Southern District of Indiana, which encompasses Indianapolis and the surrounding counties, ticked down last year. Business bankruptcies in Indiana dropped 3.2 percent.

Tax cut lifts incomes, but spending barely rises

Consumers increased spending 0.2 percent in January, the smallest gain since June, the Commerce Department reported Monday. Personal incomes jumped 1 percent, reflecting the 2 percentage point reduction from the Social Security tax cut.

Ballard encouraged by NFL labor negotiations

He believes NFL owners and players are making progress on a new collective bargaining agreement and that next year's Super Bowl will still be played at Lucas Oil Stadium.

KRUGMAN: Majoring in the minors in balanced budget

In a better world, politicians would talk to voters as if they were adults. They would explain that discretionary spending has little to do with the long-run imbalance between spending and revenues.

FRIEDMAN: They did it: Egypt’s long walk to freedom

Because the Obama team never found the voice to fully endorse the Tahrir Square revolution until it was over, the people in that square now know one very powerful thing: They did this all by themselves.

HERBERT: Separating Reagan myth from reality

What we get with Reagan are a series of disconnects and contradictions that have led us to a situation in which a president widely hailed as a hero of the working class set in motion policies that have been mind-bogglingly beneficial to the wealthy and devastating to working people and the poor.

BLOW: Republicans repeal, restrict and repress

On the gay rights front, Republicans in Iowa, Indiana, West Virginia and Wyoming (where Matthew Shepard was tortured to death) are among states pushing constitutional amendments to ban same-sex marriage.