Owner of Carmel’s Clay Terrace preparing bankruptcy filing, report says
Washington Prime Group skipped a $23 million interest payment on its debt in February, and its negotiations with lenders reportedly are faltering.
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NBA commissioner ‘optimistic’ about schedule, return of fans
Adam Silver expressed confidence Saturday that the worst of his league’s pandemic-related challenges, which included a four-month stoppage in play and billions in lost revenue, are in the past.
IPS returning to in-person learning for all grades on April 5
Schools still must be able to maintain 3 feet of social distancing, require masks, and ensure a strong contact tracing protocol, Superintendent Aleesia Johnson said.
Statewide hospitalizations due to COVID-19 hit lowest mark since July 6
The state said more than 677,000 Hoosiers had been fully vaccinated against COVID-19. More than 1.1 million had received the first dose of a vaccination.
Highlights of COVID-relief package include more aid for jobless
As approved by the Senate on Saturday, the legislation also would send $350 billion to state and local governments, $130 billion in additional help to K-12 schools and $60 billion for COVID-19 testing and vaccine distribution.
Biden, Dems prevail as Senate OKs $1.9T virus relief bill
After laboring through the night on a mountain of amendments—nearly all from Republicans and rejected—bleary-eyed senators on Saturday approved the sprawling package on a 50-49 party-line vote.
Former Stutz owner plans redevelopment of three Carmel properties
Turner Woodard, the former majority owner of the Stutz Business and Arts Center in downtown Indianapolis, has purchased the former Rich’s Home Furnishings showroom in Carmel to redevelop as the first in a series of three new projects in the northern suburb.
Late-day rebound propels stock market to big gains
Investors were encouraged by a government report that U.S. employers picked up the pace of hiring last month.
Federal advisory board votes to drop controversial for-profit-college accreditor
The council gained notoriety for allowing for-profit chains Corinthian Colleges and Carmel-based ITT Technical Institute to remain accredited despite widespread findings of fraud.
U.S. consumers eased off credit card borrowing in January
Consumer borrowing is closely watched for indications about Americans’ willingness to take on more debt to finance their spending, which accounts for two-thirds of U.S. economic activity.
Attorney General Rokita gives up private-sector job after scrutiny
Indiana Attorney General Todd Rokita, who drew criticism last month over his decision to retain employment with a health care benefits business while serving in his elected position, says he has “concluded” the private-sector job.
Bohanon & Curott: Price mechanism could help to distribute vaccines, boost economy
The price mechanism could be enormously useful in reallocating the vaccine from places where the capacity to vaccinate is lacking to places where it can be effectively used.
Editorial: Bill to create carbon marketplace is step forward for business, environment
Senate Bill 373 would create a state-sponsored carbon market in Indiana that would help pay for efforts to reduce the amount of greenhouse gases that get trapped in Earth’s atmosphere.
Nate Feltman: Focusing on the business of sports has served Indy well
Hosting March Madness is an opportunity that has been in the making for nearly four decades as city leaders focused their economic development efforts on the business of sports.
Pete the Planner: Don’t use stimulus to create habits you can’t sustain
I’m happy that our familiar manifestations of joy are on the horizon, but my crystal ball (my hairless head) tells me 2022 and 2023 could produce the largest consumer debt burdens of all time.
Sheila Suess Kennedy: How gerrymandering has deepened the urban-rural divide
In a country that is increasingly removed from anything resembling actual democracy, people who live in the nation’s cities have demonstrably less political voice than do their country cousins.
Kayla Britton: Restructuring considerations for the distressed company
Many businesses are facing liquidity constraints or are being required to redesign their business model to respond to evolving consumer trends or supply-chain disruptions.
NCAA tournament will be no party for event venues
Other than a few facilities that will be COVID testing sites, team lounges or overflow areas, most event spaces that usually glean revenue from tournament gatherings could be left out in the cold.
David Gaspar: The irony of the bail industry trying to regulate charitable bail
Under proposed legislation, if a charitable bail organization wanted to assist more than four people a year, it would need to be represented by a for-profit bail bond agent.
Are cryptocurrencies on the verge of going mainstream?
The Office of the Comptroller of the Currency, which regulates federally chartered U.S. banks, has recently given banks the go-ahead to engage in certain types of cryptocurrency transactions.
