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Cryptocurrency exchange FTX files for bankruptcy as CEO resigns

November 11, 2022 | The Washington Post

The Justice Department and two federal regulators have launched probes into FTX, looking into whether the collapsing cryptocurrency exchange had skirted rules on safeguarding consumer deposits and relationships with trading affiliates, according to four people familiar with the inquiries.

Twitter deals with users impersonating major companies—including Eli Lilly

November 11, 2022 | Bloomberg News

A Twitter user posing as Indianapolis-based Eli Lilly falsely tweeted that insulin was now free, prompting an apology from the actual company.

Raising Cane’s raises Cain over lease that bans chicken fingers

November 10, 2022 | The Washington Post

Raising Cane’s filed a lawsuit against the Indiana shopping center’s owner, Schottenstein Property Group, alleging fraud and saying the would-be landlord failed to disclose the existence of the chicken ban.

U.S. judge in Texas strikes down Biden loan-forgiveness plan

November 10, 2022 | Associated Press

A U.S. judge on Thursday blocked President Joe Biden’s plan to provide millions of borrowers with up to $20,000 apiece in federal student-loan forgiveness.

AP source: US authorities investigate crypto exchange FTX

November 10, 2022 | Associated Press

The swift collapse of cryptocurrency exchange FTX sent more shockwaves through the crypto world on Thursday, with authorities now investigating the firm for potential securities violations and analysts bracing for a further downturn in crypto prices.

Radio’s Don Stuck adds acting to his entertaining life

November 10, 2022 | Dave Lindquist

WFBQ-FM 94.7 on-air personality Don Stuck is picking up work as a background actor in network TV shows and an upcoming film.

Don Stuck

City commits $3.5M for downtown safety, cleanliness efforts

November 10, 2022 | Mickey Shuey

The 18-month effort is expected to boost the number of bike patrol officers, security cameras, cleaning crews and those helping the homeless in the Mile Square.

Purdue taps former research leader to oversee Indianapolis expansion

November 10, 2022 | Peter Blanchard

Purdue University has rehired Dan Hasler to coordinate the school’s expansion in Indianapolis following an August decision to split IUPUI into separate Indiana University and Purdue operations.

Rep. Robin Shackleford looks to become Indianapolis’ first Black and first female mayor

November 10, 2022 | Taylor Wooten

The decision could pit her against incumbent Mayor Joe Hogsett in the Democratic primary next year. Hogsett expects to announce whether he’ll seek a third term in the coming weeks.

Kelley School economic forecast underscores uncertainty for 2023

November 10, 2022 | Alex Brown, Inside INdiana Business

The annual Business Outlook forecast from Indiana University Kelley School of Business, released Thursday, says predictions are tougher than usual to make due to aggressive increasing of interest rates by the Federal Reserve.

Indiana GOP adds to supermajorities, re-elects chamber leadership

November 10, 2022 | Whitney Downard, Indiana Capital Chronicle

Politicos on both sides of the aisle continue to watch a series of narrow wins across the state, which could grow or diminish the Republican supermajority.

Statehouse

U.S. consumer inflation eases to 7.7% over past 12 months

November 10, 2022 | Associated Press

Helping drive the inflation slowdown from September to October were used car prices, which dropped for a fourth straight month. Also down were the prices of clothing and medical care.

North of 96th roundup: Dick’s, Capriotti’s, Angelo’s Italian Market plan openings

November 10, 2022 | Daniel Bradley

Several new restaurants, retailers and businesses have recently opened or are planning to open their doors in Boone and Hamilton counties.

Appeals court upholds law that lets charter schools buy buildings for $1

November 10, 2022 | Katie Stancombe, The Indiana Lawyer

The appeals court agreed with a lower court that the school corporations are prohibited from pursuing “takings clause claims,” which can prevent private property from being taken for public use without just compensation.

ANALYSIS: Jim Irsay has unleashed mayhem, misery in Indianapolis

November 9, 2022 | Jason La Canfora, Washington Post analysis

Irsay’s antics suggest an owner hellbent on tanking for the highest possible draft pick next spring, and landing as many verbal haymakers as possible to the coaching and analytics community in the process.

Jim Irsay

Musk seeks to reassure advertisers on Twitter after chaos

November 9, 2022 | Associated Press

The latest erratic move on the minds of major advertisers—that the company depends on for revenue—was Musk’s decision to abolish a new “official” label on high-profile Twitter accounts just hours after introducing it.

Cryptocurrencies plunge as Binance scraps deal for rival FTX

November 9, 2022 | Associated Press

Bitcoin sank to a two-year low after Binance confirmed earlier rumors and news reports that it was ready to back out of the FTX deal, struck between the CEOs of the two exchanges on Tuesday.

Shackleford, a potential Indy mayoral candidate, to make announcement Thursday 

November 9, 2022 | Taylor Wooten

State Rep. Robin Shackleford said she would make an “important announcement about her political future.” Should she run for mayor, it would set up a potential Democratic primary contest against Mayor Joe Hogsett, who has yet to say whether he will seek a third term.

Defying inflation worries, U.S. casinos have best quarter ever

November 9, 2022 | Associated Press

Sixteen states reported quarterly highs in overall gambling revenue, including five of the six largest markets: Indiana, Michigan, Nevada, New York and Pennsylvania.

UPDATE: Voters in Indiana reject 4 of 8 school funding referendums

November 9, 2022 | Eric Weddle, WFYI

That was not case in Westfield, where voters approved a property-tax change to help fund operations at the fast-growing Westfield Washington Schools district.

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