Indiana approved for $187M in federal broadband expansion funding
The funding is expected to connect more than 50,000 Hoosiers to high-speed broadband internet, the U.S. Treasury Department announced Tuesday.
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Red-hot labor market has helped boost unions
Economists say tight labor markets tend to give workers more leverage to form unions and to demand higher wages and better working conditions, while downturns tend to make workers less willing to make collective demands of their employers.
Indiana’s special legislative session cost $240K
Lawmakers receive about $183 in per diem costs for each day the legislature is in session to cover meals and lodging, although they are not required to use the money for those purposes.
U.S. asks farmers: Can you plant two crops instead of one?
The USDA hopes to significantly increase the amount of wheat that U.S. farmers could grow every year, lessening the reliance on big wheat producers like Ukraine and Russia and eliminating bottlenecks.
Musk cites whistleblower as new reason to exit $44B Twitter deal
Tesla CEO Elon Musk and Twitter lobbed more accusations at each other Tuesday in the latest round of legal filings over Musk’s efforts to rescind his offer to buy the social media platform.
Fed’s soft landing hinges on job market doing something strange
The Federal Reserve’s hopes for a “soft landing” rest on a rarely occurring phenomenon: Unemployment will rise not because workers lose their jobs, but because more people without jobs start looking for work.
Sourwine Real Estate scion tackles top role due to family health issues
Joe Sourwine, 34, took over the role of president at his family’s firm, Sourwine Real Estate Services, earlier this year after his father was diagnosed with amyotrophic lateral sclerosis, commonly called ALS.
Consumers more confident in August as gas prices dip
Following three straight monthly declines, U.S. consumer confidence rebounded in August as inflation moderated and gas prices fell.
Job vacancies rise after 3 months of declines, dashing Fed hopes for cooling
The increase that the government reported Tuesday will be a disappointment for Federal Reserve officials, who are seeking to cool hiring by raising short-term interest rates to try to slow borrowing and spending, which tend to fuel inflation.
Two schools seek to give Pike Township its first charters
Applications for both schools are due in September. The Indianapolis Charter School Board will decide whether to grant charters for the schools during a public hearing in November.
Indiana refinery fire expected to have little impact on gas prices
Patrick De Haan, head petroleum analyst at GasBuddy, which tracks gas prices nationally, called the Whiting facility closure a “temporary setback.”
Fed’s real-time payment system coming as soon as May
In development for effectively a decade, FedNow is expected to allow banks of any size to send payments to each other in real-time. That will allow bank customers to send real-time payments to one another on the same rails.
Two races uncontested in IPS school board election
Two candidates are unopposed in separate races. A third seat attracted only two candidates. And three incumbent board members chose not to seek re-election after a single term.
Indiana leads the nation in medical data breaches, report says
More than 80 million Indiana medical records have been breached since 2009, a new study shows. Much of that was due to one massive incident involving insurance company Anthem Inc. (now called Elevance Health Inc.) in 2015.
LG, Honda looking at Ohio, Indiana for $4.4B joint venture to make EV batteries
The plant’s site is still undecided, but construction will begin in early 2023, with mass production of advanced lithium-ion battery cells to start by the end of 2025.
NBA 2K League president says Indianapolis contender to host 2023 season
Brendan Donohue, president of the NBA 2K League, said that if the Pavilion at Pan Am were not being torn down, the likelihood of Indianapolis retaining the league would be much higher, but noted the loss of the facility isn’t a deal breaker.
Despite federal COVID funding inaction, Indiana still has plenty left to spend
Indiana still has 43% of its $1 billion-plus in federal COVID-19 grants left to spend, according to Indiana State Department of Health data.
Indy-based Olio Health secures $13M in growth funding
The company, which has developed a workflow and collaboration software platform designed to improve post-acute care outcomes for patients, said it plans to use the funding to further product development and make key hires in several departments.
IBJ Podcast: Pete the Planner with money lessons for your kids (and refreshers for adults)
Host Mason King has a 6-year-old with a keen interest in money, so he has turned to Pete—has two kids, ages 10 and 13—for his advice in this week’s edition of the podcast.
Pat Benatar & Neil Giraldo collect top concert paycheck at Indiana State Fair
Chaka Khan collected the second-highest check from the Indiana State Fair, which paid a total of $883,750 for 18 performances at the Free Stage.
