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In his [July 30] commentary, Michael Hicks suggests that the $1.6 trillion of U.S. Treasury Securities held by the Federal Reserve be wiped out (since they are debts the U.S. owes itself) and thus eliminate 11 percent of our total national debt.
In his [Aug. 8 op-ed], U.S. Rep. Todd Young spins his recent irresponsible actions in delaying the increase in the debt limit as “a meaningful and responsible first step on the path back to economic health.”
The latest prolonged recession intensified the push for U.S. productivity gains.
What did I learn on my summer vacation? One thing that immediately struck me was how homogenized citizens from Western industrialized countries have become—how much we all look and dress alike.
Indianapolis-based Allison Transmission in March said it planned to raise $750 million through a public stock sale, but the economic outlook has darkened since then.
Indianapolis will shed 200 positions next year to help cut $20 million from non-public safety agencies.
A motorcyclist died Wednesday after becoming trapped beneath a vehicle near 38th Street and Lafayette Road in Indianapolis. Investigators say the cycle was traveling east on 38th Street when it struck a Pontiac Montana van that was trying to turn west onto 38th Street from the New Wineskin Ministries parking lot. The unidentified 26-year-old motorcyclist was pronounced dead at the scene. The 51-year-old van's driver and a 7-year-old girl passenger were not injured.
An Indianapolis teenager was charged Wednesday with murder in the shooting of a 16-year-old boy. Police say 17-year-old Tavon Berry admitted to the crime. Shawn Terry was killed July 29 at an apartment on North Shortridge Road. The suspect told detectives that he shot Terry after an argument and then shot himself in the leg to make it look like he had been robbed.
Indiana state troopers closed southbound Interstate 65 at State Road 47 near Lebanon early Wednesday morning after a fatal accident involving three trucks. Police say two semis were stopped on the U.S. 52 exit ramp at about 3:45 a.m. when they were rear-ended by a third truck. The crash ignited drums of fuel carried by one of the trucks. The driver who crashed into the other two trucks died at the scene. The other drivers were uninjured.
Virginia Kay's Doughnuts plans to open a retail shop in the former home of Bonjour Cafe & Bakery at Meridian and 24th streets.
Wall Street's wildest week since 2008 continued with another 500-plus point move for the Dow on Thursday.
The IndyCar Series' new deal with ABC is worth more than the current deal, sources said. But ESPN's ability to grow the series overseas is just as important as the financial windfall. Still, the series' most hardcore fans are the least pleased by the deal.
Indiana Black Expo has fired three executives who signed letter in May complaining about the leadership of CEO Tanya Bell, TV reports say.
Construction of the trail’s spur on Virginia Avenue was supposed to be finished by the end of July but now won’t be done until the end of the year. The unfinished work is causing headaches for Fountain Square business owners.
The company that owns Indiana's Hoosier Park casino and horse track expects to emerge from bankruptcy protection in the coming months with about two-thirds less debt.
Home-sale agreements in the nine-county Indianapolis area rose 3.6 percent in July from the same month a year earlier, marking the third straight month of year-over-year increases after 14 months of declining sales.
The number of people seeking unemployment benefits fell last week below 400,000 for the first time in four months, a sign that the job market may be improving again slowly after a recent slump.
Abdul-Hakim Shabazz said his morning radio show on WXNT-AM 1430 will be replaced by the syndicated "Wall Street Journal Report" on Monday in a cost-cutting decision by Entercom Communications Corp.
The Dow Jones industrial average fell 519 points, or 4.6 percent, to close at 10,719.94 on Wednesday, wiping out the 429-point gain from Tuesday.
The number of permits filed last month in the Indianapolis metropolitan area declined to 305, a decrease of 4 percent from the same month in 2010, according to the Builders Association of Greater Indianapolis.
