Here’s why inflation is so high, and when it might ease
As any American who has bought a carton of milk, a gallon of gas or a used car could tell you, inflation has settled in. And economists are now voicing a more discouraging message.
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Ex-Muncie mayor sentenced to year in prison for bribery
Dennis Tyler was sentenced Wednesday to a year in prison on federal charges of taking a $5,000 bribe in exchange for steering city projects to a contractor.
Hershey buys Dot’s and Indiana pretzel maker for $1.2B
The chocolate company said it would acquire North Dakota-based Dot’s Pretzels LLC as well as Pretzels Inc., an Indiana-based manufacturer of Dot’s Pretzels and other snacks that operates three plants.
City report calls for low-barrier, service-rich shelter for homeless residents
The report from the Indianapolis Office of Public Health and Safety says the new shelter should offer a high level of access and feature a concentration of services meant to help homeless people get back on their feet.
Strada Education Network hires ‘architect’ of Virginia’s Amazon HQ2 bid as CEO
Virginia Business named Stephen Moret its 2019 Business Person of the Year and credited him with resuscitating the state’s business-recruitment arm on the way to landing Amazon’s second headquarters, the largest economic development project in U.S. history.
Economist: Pandemic recession has ended, but disruptions linger
Fifth Third Bank’s Chief Investment Strategist Jeff Korzenik told an Indianapolis audience Wednesday that the workforce crunch and sudden glut in downtown office space remain vexing problems, but Indiana is in solid position to take advantage of the return of manufacturing from overseas.
IPS could share $5M in referendum funds with innovation schools
Responding to urging from families and other advocates, Indianapolis Public Schools is proposing to share $5 million per year from a recent tax measure with its charter school partners.
U.S. jobless claims drop to pandemic low of 267,000
Applications for unemployment aid have been falling mostly steadily since topping 900,000 in early January and are gradually nearing prepandemic levels of around 220,000 a week.
Ford, Purdue partner on technology to speed up EV charging
Researchers say charging times for electric vehicles could eventually be on par with filling up a car at a gas station.
U.S. consumer prices soared 6.2% in past year, most since 1990
Inflation is eroding the strong gains in wages and salaries that have flowed to America’s workers in recent months, creating political headaches for the Biden administration and congressional Democrats and intensifying pressure on the Federal Reserve.
Letter: Vaccinations, masking help protect children
The facts are simple and irrefutable. Vaccinations are safe and effective. Almost all of the patients being treated for COVID-19 across Indiana hospitals are unvaccinated.
Developer plans $200M-plus revitalization project for Lafayette Square
Plans for the shopping center property call for a new name and multiple new uses, including apartments, hotel, sports facilities, concert center, a police station and a public trail and canal.
Plans for 16-story downtown Kimpton hotel project still ‘active,’ developer says
Loftus Robinson confirmed plans this week to give up development rights to the unfinished Wilshaw hotel project in Speedway after numerous delays, but company Principal Drew Loftus said the firm’s redevelopment plan for a tower in downtown Indianapolis is still on.
Whistleblowers to play key role in enforcing vaccine mandate
To enforce President Joe Biden’s forthcoming COVID-19 mandate, the U.S. Labor Department is going to rely on employees concerned enough to turn in their own employers if their co-workers go unvaccinated or fail to undergo weekly tests to show they’re virus-free.
Business coalition takes aim at racial education, workforce gaps
A new report, released Tuesday, says major gaps in education and employment affect the lives of Black Indianapolis residents long-term, but businesses could help improve the situation.
Congress mandates new car technology to stop drunken driving
It’s one of the mandates along with a burst of new spending aimed at improving auto safety amid escalating road fatalities in the $1 trillion infrastructure package that President Joe Biden is expected to sign soon.
Pfizer asks FDA to approve COVID-19 booster shots for all adults
Pfizer asked U.S. regulators Tuesday to allow boosters of its COVID-19 vaccine for anyone 18 or older, a step that comes amid concern about increased spread of the coronavirus with holiday travel and gatherings.
Dr. Richard Feldman: More regulations needed to curb youth vaping
Vaping products are today’s candy cigarettes.