Westfield City Council approves term limits despite legal concerns
The ordinance limits the mayor and city council members to two consecutive four-year terms and the clerk-treasurer to three consecutive four-year terms.
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Powell to set stage for slowing Fed rate hikes amid hawkish tone
Chair Jerome H. Powell is expected to this week cement expectations that the Federal Reserve will slow its pace of interest-rate increases next month, while reminding Americans that its fight against inflation will run into 2023.
Biden calls on Congress to head off potential rail strike
A coalition of more than 400 business groups sent a letter to congressional leaders Monday urging them to step into the stalled talks because of fears about the devastating potential impact of a strike.
BlockFi seeks protection as FTX collapse rattles crypto
In a Monday filing for bankruptcy protection in New Jersey, where it is based, BlockFi claimed more than 100,000 creditors and liabilities ranging from $1 billion to $10 billion.
Corteva cutting 1,000 workers globally, including at Indianapolis HQ
Corteva Inc., the Indianapolis-based seed and insecticide giant, is cutting 5% of its global workforce, or roughly 1,000 workers, as it reduces its portfolio of products and streamlines its operations.
City to spend $20M on West Washington Street following Blue Line shift
The infrastructure-improvement project is smaller than the $50 million plan that IndyGo dropped after an October board decision to alter plans for the Blue Line rapid-transit bus line on the west side.
Temporary space set up for Lafayette Square Mall tenants
Owner Sojos Capital said more than 20 Lafayette Square Mall tenants will set up shop on the first floor of the former Sears building and will not be required to pay rent.
Indiana lawmakers, teacher unions outline education priorities for General Assembly
Indiana’s top Republican lawmakers said they plan to prioritize school choice and enact a plan to “reinvent” high school education during the next legislative session. Teacher unions have other priorities.
Purdue, Accenture partner on smart manufacturing
Purdue said the company has committed to provide funding to establish the Accenture Smart Factory on the West Lafayette campus as well as the Accenture Smart Manufacturing Scholars Program.
After record Black Friday, consumers turn to Cyber Monday for more deals
Cyber Monday is expected to remain the year’s biggest online shopping day and rake in up to $11.6 billion in sales, according to Adobe Analytics, which tracks transactions at over 85 of the top 100 U.S. online stores.
Study: Incentives can lead employees to cheat or lie at work
Leaders usually deploy incentives with the aim of boosting their organization’s performance, but the focus on rewards can “open you up to overlooking other important values,” the lead author of the study said.
The great mismatch: Remote jobs in demand, but positions drying up
The scaling back of remote-work policies is among the first and most visible signs of a changing job market.
IU coach: Vegas tourney a setback for women’s basketball
Indiana University women’s basketball coach Teri Moren said she considered not playing the University of Memphis on Saturday night in the Las Vegas Invitational because no paramedics were on site.
Installation incentives: New law provides push for homeowners, businesses to go green
Under the Inflation Reduction Act, signed into law by President Biden on Aug. 16, some consumers may qualify for more than $10,000 in rebates and tax credits for buying high-efficiency appliances and electric vehicles and other purchases to decrease their carbon footprints.
Kim and Lee: Interest rate hikes strip veneer from glamorous growth stocks
| Mickey Kim and Roger Lee
Warren Buffett famously said, “It’s only when the tide goes out that you learn who has been swimming naked.” Indeed, ultra-low interest rates were the tide that lifted all boats.
Bohanon and Horowitz: This Thanksgiving, there’s plenty to be grateful for
| Cecil Bohanon and John Horowitz
Anyone willing and able to work can likely find some kind of employment in today’s economy. And that is always good news.
Memory bank: Power building lights up for Christmas
In 1926, the Indianapolis Light and Heat Co. strung lights on its building, decorating it for Christmas.
Vet industry challenged by employee shortage, stressful conditions
Shorthanded veterinary clinics are being slammed by the high number of pets acquired during the pandemic and a worsening shortage of workers, from support staff to veterinarians themselves.
Unorthodox primary care provider ChenMed entering Indy market
The fast-growing, family-owned operation, based in Miami, has filed plans with the state to renovate three buildings and open them as primary care medical clinics.
Luke Kenley: State must boost public health spending
The former chair of the Senate Appropriations Committee will testify before that same committee to ask lawmakers to allocate an additional quarter-of-a-billion dollars annually toward public health programs.
