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HICKS: Fed ‘easing’ into another stimulus plan

Federal legislation dating from the Truman administration compels the Fed to try to achieve the lowest possible levels of unemployment and inflation. Unfortunately, minimizing both is not possible.

Indiana Live owners miss interest payment

The owners of Indiana Live racetrack and casino failed to make an interest payment due Nov. 1 on $375 million in debt, providing additional fodder for credit analysts already worried about its financial condition.

Hulman family plans oil drilling near Terre Haute

The Vigo County planning commission on Wednesday approved zoning changes to allow drilling on about six acres owned by the Grace Hulman Real Estate Trust and Anton Hulman Jr. Real Estate Trust.

Daniels wants changes in education, unemployment

Republican Gov. Mitch Daniels’ 2011 legislative agenda includes expanding charter schools, establishing merit pay for teachers, cutting unemployment benefits and raising unemployment insurance taxes on businesses.

Student reports rape at high school

A 17-year-old special needs student said she was raped inside Perry Meridian High School late last month. The girl's mother called police Monday to report the alleged crime. According to a police report, the victim confided in a friend, who then contacted the victim's mother. The report says the victim was "sexually attacked by another special needs student, in a break area adjacent to the school lunchroom." Detectives are reviewing surveillance footage.
 

Ex-Carmel player expected to change plea

A former Carmel High School basketball player accused of attacking a young student is expected to change his plea to guilty when he appears in court Thursday. Scott Laskowski was charged in May with three misdemeanor counts of criminal recklessness. The maximum sentence for each charge would be 180 days in prison, however, most first-time offenders don't end up doing jail time.
 

Another man charged in Hovey Street crimes

A third man has pleaded guilty to taking part in a violent home robbery that left two women and two babies dead in Indianapolis. Zarumin Coleman, 24, of Indianapolis pleaded guilty Wednesday to conspiracy to commit robbery and being a violent felon in possession of a firearm. His sentencing is set for Dec. 17. Coleman was among those who broke into a Hovey Street home in 2008 for marijuana and money that weren't there. Ronald L. Davis, 33, pleaded guilty to four counts of felony murder in September. Tommy C. Warren, 27, pleaded guilty to conspiracy to commit robbery last month. Two others await trial.
 

McOuat: Before and after

Check out the progress on the McOuat Building after a five-month exterior renovation.

Library cuts 37 employees in effort to reduce deficit

The Indianapolis-Marion County Public Library’s decision to reduce its work force is in response to expected revenue annual shortfalls of up to $4 million through 2013. The cuts follow a reduction in hours last month.

KAR Auction reports higher profit, revenue

The auction company had revenue of $445.3 million in the quarter ended Sept. 30, a 4-percent increase from same quarter of 2009. Profit tripled, to $25.6 million.

Election turnout up only slightly this year

Slightly more Indiana voters cast ballots in this year’s midterm election than in the last one four years ago despite predictions of a much bigger turnout.

IU economists: Slow growth expected in 2011

Economic growth will remain sluggish into next year as companies remain hesitant to add jobs, Indiana University economists said Thursday morning during their annual forecast.

Kite Realty improves third-quarter results

Indianapolis-based Kite Realty Group Trust improved its financial performance in the third quarter, reporting funds from operations of $7.8 million, up from $2.8 million in the same period last year despite a slight dip in revenue.

Fishers valve maker plans expansion

Nexus Valve Inc. plans to invest $2.3 million to expand its headquarters and distribution operations, adding up to 21 jobs by 2015.

Daniels to outline 2011 legislative agenda

Republican Gov. Mitch Daniels will outline his 2011 legislative priorities Thursday, and his agenda could be a bit bigger now that the GOP has a firm grip on the Indiana House and Senate.