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Economists expect fresh U.S. inflation peak, keeping Fed on aggressive rate path

July 12, 2022 | Bloomberg News

The consumer price index probably increased 8.8% in June from a year earlier, marking the largest jump since 1981, according to the median forecast in a Bloomberg survey.

Pandemic fueled surge in superbug infections, deaths, CDC says

July 12, 2022 | The Washington Post

The surge reversed years of progress fighting one of the gravest public health challenges in modern medicine, according to a new analysis released Tuesday by the Centers for Disease Control and Prevention.

Steak n Shake owner plans $3M rooftop tavern next to Fieldhouse

July 12, 2022 | Mickey Shuey

Sardar Biglari expects to spend at least $3 million to renovate the historic C.A. Schrader building’s top floor and construct an addition to the neighboring structure.

Far out: NASA unveils first image from new $10B telescope

July 12, 2022 | Associated Press

The first image from the $10 billion James Webb Space Telescope is the farthest humanity has ever seen in both time and distance, closer to the dawn of time and the edge of the universe.

Lebanon City Council approves annexation of property for high-tech development

July 12, 2022 | Daniel Bradley and Mickey Shuey

Nearly three dozen individuals and companies who own more than 1,400 acres over 56 parcels submitted petitions last month to have their properties added to the city of Lebanon.

Investigation: State lotteries transfer wealth out of needy communities

July 11, 2022 | Associated Press

A nationwide investigation of state lotteries by the Howard Center for Investigative Journalism at the University of Maryland found that lottery retailers are disproportionately clustered in lower-income communities in nearly every state.

Biden administration: Docs must offer abortion if mom’s life at risk

July 11, 2022 | Associated Press

The Biden administration on Monday said federal law on emergency treatment guidelines preempts state laws in jurisdictions that now ban the procedure without any exceptions.

Biden officials push to offer second booster shots to all adults

July 11, 2022 | The Washington Post

Virus levels have risen across the country, fueled by ever-more-contagious omicron subvariants such as BA. 5 that evade some immune protections and have increased the risk of reinfections.

In leaked memo, Facebook tells managers low performers don’t belong

July 11, 2022 | The Washington Post

Facebook is instructing its engineering managers to identify and weed out their lowest performing employees as the company seeks to rein in costs amid an economic downturn in the long-booming tech industry.

Court rules antitrust complaint against IU Health can proceed

July 11, 2022 | Jordan Morey, Indiana Lawyer

A Bloomington surgeon alleging Indiana University Health violated federal antitrust laws by acquiring local competitors has convinced the 7th Circuit Court of Appeals to reinstate his complaint.

Lilly overtakes larger rival Pfizer in market cap as shares continue to soar

July 11, 2022 | John Russell

Like a kite that has caught a stiff breeze, Eli Lilly and Co. stock is having the ride of its life. Shares in the Indianapolis-based drugmaker have soared 41% in the past 52 weeks, to about $331 each.

Looming Musk-Twitter legal battle hammers company shares

July 11, 2022 | Associated Press

Shares of Twitter slid more than 9% in the first day of trading after billionaire Elon Musk said that he was abandoning his $44 billion bid for the company and the social media platform vowed to challenge Musk in court to uphold the agreement.

Fed’s Bullard: Solid U.S. economy can handle rising rates

July 11, 2022 | Associated Press

St. Louis Federal Reserve President James Bullard said he currently supports a 0.75 percentage point increase in the Fed’s benchmark short-term interest rate at its next meeting later this month.

Recount begins for ultra-close House District 32 Republican primary

July 11, 2022 | Daniel Bradley

In the May 3 primary, Fred Glynn of Carmel received 1,844 votes to 1,838 votes for Suzie Jaworowski of Fishers.

Despite forewarning, GOP lawmakers unprepared to roll out abortion legislation

July 11, 2022 | Whitney Downard, Indiana Capital Chronicle

Dozens of Republicans who back pro-life issues refused to comment on a possible Indiana abortion ban, leaving a key Right to Life attorney’s proposal as the primary discussion point in the Indiana General Assembly.

Indiana’s teacher shortage has some schools scrambling

July 11, 2022 | Lee V. Gaines, WFYI

To help cope with the shortage of candidates, school districts are relying more heavily on emergency permits, which are temporary credentials that allow people who aren’t licensed to teach a certain subject.

Drugmaker seeks FDA approval for over-the-counter birth control

July 11, 2022 | Associated Press

For the first time, a pharmaceutical company has asked for permission to sell a birth control pill over the counter in the United States.

IBJ Podcast: Pete the Planner says the best thing to do now is ‘stop spending money’

July 11, 2022

IBJ Podcast host Mason King calls on frequent guest Peter Dunn—aka Pete The Planner—to give listeners a pep talk, or at least some straight talk about what’s happening and what to expect. He hits the major topics from inflation to recession, as well as the strategies for riding out the latest fiscal downturn such as gas-tax holidays and Fed rate increases.

Twitter prepares to take its fight against Elon Musk to the courts

July 11, 2022 | The Washington Post

The company is likely to face a lengthy courtroom battle with one of the world’s richest and most mercurial individuals, which could paralyze its ability to launch new initiatives and attract workers.

Crypto plunge is cautionary tale for public pension funds

July 10, 2022 | Associated Press

The recent crypto meltdown has prompted a larger question: For pension funds that ensure teachers, firefighters, police and other public workers receive benefits in retirement after public service, is any amount of crypto investment too risky?

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May 1-7, 2026

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Lesley Weidenbener
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