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Indy native Klain says work for Biden defined his life

January 27, 2023 | The Washington Post

In his official resignation letter, outgoing White House chief of staff Ron Klain offered a rare glimpse into how his many years of service alongside President Joe Biden has affected him personally.

Key inflation gauge cools further, paving way for smaller Fed rate hike

January 27, 2023 | Bloomberg News

The figures added to mounting evidence that the worst bout of inflation in a generation has passed as the Fed’s aggressive tightening campaign works its way through the economy.

Rebooted data privacy legislation making its way through Statehouse

January 27, 2023 | Susan Orr

A data privacy bill died in the House last year, but a Fort Wayne lawmaker said she did “an entire rewrite” before introducing a new version of the bill this year, and she’s optimistic it will gain more support.

Indy Chamber comes down against IPS tax increase as proposed

January 27, 2023 | Amelia Pak-Harvey, Chalkbeat Indiana

The business advocacy group questioned how the effort would improve academic performance and why students in the district’s Innovation charter schools wouldn’t receive an equal portion of the funding.

U.S. inflation, consumer spending cooled in December

January 27, 2023 | Associated Press

The Federal Reserve’s preferred inflation gauge eased further in December, and consumer spending fell — the latest evidence that the Fed’s series of interest rate hikes are slowing the economy.

Issue with tourism agency’s fundraising arm prompts corrective legislation

January 27, 2023 | Peter Blanchard

For more than three years, the not-for-profit foundation created to collect private donations for the Indiana Destination Development Corp. has operated without being subject to routine state audits due to a legislative oversight.

Indiana Statehouse

Indiana tax cap proposal would help homeowners but hurt schools, local government

January 27, 2023 | Casey Smith, Indiana Capital Chronicle

A new study projects homeowners’ bills payable this year could increase as much as 15%. That’s more than double what previous reports estimated for the upcoming bills.

Data shows 542K Hoosiers applied for student debt relief from embattled loan forgiveness program

January 27, 2023 | The Washington Post

Next month, the Supreme Court will hear oral arguments in two cases seeking to overturn the debt relief policy that conservatives have panned as an expensive giveaway and executive overreach.

FDA’s advisers back plan to simplify COVID-19 vaccinations

January 27, 2023 | Associated Press

The U.S. is poised to make COVID-19 vaccinations more like a yearly flu shot, a major shift in strategy despite a long list of questions about how to best protect against a still rapidly mutating virus.

5 women with immense power: Can they keep US from fiscal brink?

January 27, 2023 | Associated Press analysis

This year, for the first time in history, the four leaders of the two congressional spending committees are women. So is the president’s OMB director.

Musical being prepped for Broadway to bring stars to the Walker

January 26, 2023 | Dave Lindquist

Tony Award winner Jessie Mueller and University High alum Morgan Wood will perform new songs of the “Five Points” musical in Indianapolis.

Morgan Wood

Indiana Landmarks receives $10M Lilly grant for Sacred Places program

January 26, 2023 | Mary Roberts, Inside INdiana Business

The Indianapolis-based organization says the funding will expand training opportunities, build congregational capacities, and assist with stewardship of historic churches.

Bethel African Methodist Episcopal Church at 414 W. Vermont St. has served the black community at its current location for nearly 150 years.

Carolina Panthers hire Frank Reich as new head coach

January 26, 2023 | Associated Press

The Panthers finished 29th in the league in offense and 29th in passing this season after struggling with quarterback play. Reich is no stranger to dealing with a revolving door of quarterbacks.

Explainer: How will we know if U.S. is in a recession?

January 26, 2023 | Associated Press

Despite solid economic growth in the second half of 2022, economists believe a recession is very likely sometime this year. But it won’t necessarily be obvious.

Kalen Jackson: How do we fix Indiana’s behavioral health system?

January 26, 2023 | Kalen Jackson

Indiana’s mental health care system was created in a bygone era, and despite many efforts over many years, it is still problematic today.

Fast-growing Fitzmark acquires Georgia logistics firm

January 26, 2023 | IBJ Staff

Indianapolis-based FitzMark LLC, a third-party logistics firm, has acquired a similar firm that specializes in refrigerated freight, marking its seventh acquisition in four years.

Letters: Don’t forget heliport overpass

January 26, 2023

An improved overpass would be a great gateway for the East Street corridor.

First Internet Bank to exit consumer mortgage business

January 26, 2023 | Susan Orr

Fishers-based First Internet said the decline in the housing market and the sector’s negative outlook for the next few years prompted it to get out of the consumer mortgage business.

U.S. economy grew 2.1% in 2022, but recession fears linger

January 26, 2023 | The Washington Post

The latest figures point to a strong but slowing economy that has been tempered by the Federal Reserve’s aggressive efforts to control inflation.

economy

Committee approves anti-ESG, anti-China pension investing bills

January 26, 2023 | Leslie Bonilla Muñiz, Indiana Capital Chronicle

Indiana senators on Wednesday said the state’s pension system should prioritize return on investment in one bill—not environmental and social concerns—even as they advanced another bill requiring the system to divest from China-related investments.

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