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Art, furnishings from former DeHaan estate to be sold at auctions

April 7, 2023 | IBJ Staff

Paintings and furniture from the former Indianapolis estate of late businesswoman Christel DeHaan will be offered at three separate auctions over the next six weeks, according to Chicago-based auction house Hindman. The estate sold last year for a state record $14.5 million.

Nate Feltman: Indiana’s GOP supermajority is not to blame

April 7, 2023 | Nate Feltman

One common trait shared by all the top job markets in the nation is that they are in states where Republicans control the Legislature.

As streamers cut costs, TV shows—and residuals—vanish

April 7, 2023 | Associated Press

Over the past few months, many streaming companies have started eliminating some of their own shows from their library. It helps save the companies money but brings criticism.

Bill targeting ‘noncompliant’ prosecutors appears dead for 2023 session

April 7, 2023 | Peter Blanchard and Taylor Wooten

The measure would have established a prosecutor commission and review board with the goal of dealing with prosecutors who won’t pursue certain cases. Marion County Prosecutor Ryan Mears, for instance, has pledged not to prosecute simple marijuana possession cases.

Indiana Statehouse

U.S. adds 236,000 jobs; unemployment rate sinks to 3.5%

April 7, 2023 | Associated Press

America’s employers added a solid 236,000 jobs in March, suggesting that the economy remains on solid footing despite the nine interest rate hikes the Federal Reserve has imposed over the past year in its drive to tame inflation.

Chicago startup lands $3.8M in incentives to move to Indiana

April 7, 2023 | Susan Orr

Socian has developed a drone that can help gather information from the scene before police arrive. The founder says he was convinced to move to Indiana after having a good experience at an Indianapolis business accelerator program.

Whitestown planning $20M aquatic facility at former junkyard site

April 7, 2023 | Daniel Bradley

Town officials plan to break ground on the $20 million aquatic facility in late 2023. The facility is expected to open in 2025.

State revenue beats projections again

April 7, 2023 | Alex Brown, Inside INdiana Business

The Indiana State Budget Agency better-than-expected collections from sales tax, individual income tax, corporate tax, and interest revenues were the primary drivers of March’s performance.

Statehouse

Biden set to propose toughest-ever rules on car pollution to spur EVs

April 7, 2023 | Bloomberg News

Automakers are cautioning that the trajectory for EVs and emission reductions depends on factors outside their control, including investments in charging infrastructure and critical mineral production.

Samsung cutting memory chip production as profit slides

April 6, 2023 | Associated Press

Samsung said the demand for its memory chips declined as a weak global economy depressed consumer spending on technology products and forced business clients to adjust their inventories.

IRS overhaul aims for tenfold increase in audits of the wealthy

April 6, 2023 | The Washington Post

IRS and Treasury Department officials said Thursday that they will use part of the $80 billion in new funding for the tax service to claw back unpaid balances from high-income earners and complex businesses.

Indiana lawmakers debate bill allowing parents to challenge ‘obscene and harmful’ library materials

April 6, 2023 | Casey Smith, Indiana Capital Chronicle

A bill that seeks to ban materials deemed “harmful to minors” in school and public libraries drew sharp debate Wednesday at the Indiana Statehouse, especially from librarians, who argued that such a policy would open them up to criminal charges.

Big band celebrates jazz legacy of Indiana’s Gennett Records

April 6, 2023 | Dave Lindquist

A century later, jazz songs recorded by Louis Armstrong and Jelly Roll Morton resound as Indiana milestones.

Buselli Wallarab

It’s big vs. small as banks square off to avoid new rules after failures

April 6, 2023 | Bloomberg News

U.S. banks are pitted against each other as regulators move to strengthen oversight after a series of failures undermined confidence in the financial system.

Register

Walmart to add EV charging to thousands of stores by 2030

April 6, 2023 | The Washington Post

The company plans to add the fast-charging stations to Walmart and Sam’s Club stores coast-to-coast, more than quadrupling its current network of roughly 280 locations.

Justice Thomas accepted luxury travel for years from GOP donor, report says

April 6, 2023 | The Washington Post

Supreme Court Justice Clarence Thomas trips around the globe for more than two decades, including travel on a superyacht and private jet, from a prominent Republican donor without disclosing them, according to a new report.

International Monetary Fund expects less than 3% global economic growth in 2023

April 6, 2023 | Associated Press

International Monetary Fund chief Kristalina Georgieva said the period of slower economic activity will be prolonged, with the next five years of growth remaining around 3%

Indiana Senate committee advances pared down anti-ESG bill

April 6, 2023 | Peter Blanchard

A bill designed to prevent the state’s pension fund from working with asset managers that use environmental, social and governmental considerations in their investment strategies was advanced by the Indiana Senate Pensions and Labor Committee on Wednesday.

Push to change Indiana property taxes to benefit charter schools triggers alarm in IPS

April 6, 2023 | Amelia Pak-Harvey, Chalkbeat Indiana

The proposals have been sharply criticized by Democrats and traditional public school leaders, who argue that the changes would come at the expense of thousands of students in traditional public schools.

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