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Treasury proposal: Deliver $500B to Americans starting April 6

March 18, 2020 | Associated Press

The Treasury Department wants to start issuing direct payments to Americans by early next month as the centerpiece of a $1 trillion plan to stabilize the economy as the coronavirus epidemic threatens a body slam to taxpayers and businesses.

A cruel paradox: Beating virus means causing U.S. recession

March 18, 2020 | Associated Press

The vast changes deemed necessary to defeat the virus—people and companies no longer engaging with each other—are bringing everyday business to a halt and likely delivering a death blow to the longest economic expansion on record.

Wide swath of economy seeks share of COVID-19 rescue package

March 17, 2020

As Congress works on a rescue package to help shore up a U.S. economy hard hit by the pandemic, businesses from the solar power industry to casinos and hotels, along with doctors, nurses and educators are urging lawmakers to give them a share of the pie.

Trump pushes for massive aid from Congress, checks to public

March 17, 2020 | Associated Press

President Donald Trump asked Congress to speed emergency checks to Americans, enlisted the military for MASH-like hospitals and implored people to stay home to stop the spread of the coronavirus. His proposed economic package could approach $1 trillion.

U.S. expected to lose 4.6M travel-related jobs this year from virus fallout

March 17, 2020 | The Washington Post

Total spending on travel in the United States—including from transportation, retail, lodging and restaurants—is expected to drop by $355 billion for the year, or 31 percent—more than six times the impact of the Sept. 11, 2001, terrorist attacks.

Stocks move higher on Wall Street after worst drop since 1987

March 17, 2020 | Associated Press

Markets around the world remain highly volatile as traders see a recession growing more likely and large sections of the economy come closer to shutting down due to the coronavirus outbreak.

Indiana distilleries among those producing hand sanitizer

March 17, 2020 | Associated Press and IBJ Staff

Hotel Tango Distillery in Indianapolis said Monday that it is temporarily adding a new high-proof ethyl alcohol-based hand cleaner to its line of products.

Officials seek $750 billion in economic aid to thwart virus

March 17, 2020 | Associated Press

With an urgency unseen since the Great Recession, Congress is rushing to develop a sweeping economic lifeline for American households and businesses suddenly capsized by the coronavirus outbreak.

IBJ Podcast: Pete the Planner talks about the virus, the impact on the economy and what to think about your portfolio

March 16, 2020

Peter Dunn talks with podcast host Mason King about what people can do to prepare for what he believes will soon be a recession. The goal, he said, is to “get lean.”

With unprecedented force and speed, a global recession is likely taking hold

March 14, 2020 | The Washington Post

Across the country, consumer spending—which supports 70% of the economy—is grinding to a halt as fears of the escalating coronavirus pandemic keep people from stores, restaurants, movie theaters and workplaces.

Ed Feigenbaum: How would General Assembly meet during times of crisis?

March 14, 2020 | Ed Feigenbaum

It was a fortuitous decision by legislative leaders heading into January to seek adjournment sine die by March 11 or 12.

Growing churches look to retail spaces, office buildings for expansions

March 13, 2020 | Mickey Shuey

The trend toward commercial structures has been driven largely by modern churches’ desire to operate in heavily populated areas, to be closer to pockets of potential members, he said.

Redevelopment report has grand vision for car-centric Castleton

March 13, 2020 | Mickey Shuey

The city of Indianapolis could spend nearly $93.5 million over several years on Castleton’s infrastructure, as part of a broad vision to remake the corridor with better connectivity and walkability.

Capital Improvement Board braces for big losses from COVID-19 outbreak

March 13, 2020 | Mickey Shuey

The head of the Capital Improvement Board of Marion County, which owns and manages the Indiana Convention Center and Lucas Oil Stadium, on Friday acknowledged there will be an “obvious impact” from the virus.

Pete Seat: Let’s not miss opportunity to consistently have a say

March 13, 2020 | Pete Seat

The real debate is … whether we want to matter every cycle or every so often.

Nebraska coach leaves Big Ten tourney loss with ‘common cold’

March 12, 2020 | Associated Press

University of Nebraska Basketball Coach Fred Hoiberg was taken to a hospital for evaluation after he left Wednesday night’s 89-64 loss to Indiana University in the Big Ten Conference Tournament.

Coronavirus clusters swell on both sides of United States

March 11, 2020 | Associated Press

Alarming clusters of the coronavirus grew on both coasts of the United States on Tuesday, with more than 70 cases now tied to a biotech conference in Boston and infections turning up at 10 nursing homes in the hard-hit Seattle area.

Former downtown payroll firm owner gets six years for defrauding clients

March 10, 2020 | Associated Press and IBJ Staff

David Downey, 51, who ran Time Payroll from 2009 to 2017, was ordered to pay back nearly $9 million for a scheme that defrauded clients in multiple states.

Scrutiny on NCAA tournament coronavirus plan intensifies as two leagues keep out fans

March 10, 2020 | The Washington Post

The Indianapolis-based NCAA faced mounting pressure over how it will conduct its marquee event Tuesday, the same day the Ivy League canceled its conference basketball tournaments and two other Division I conferences announced that their tournaments would be played without spectators.

Trump to seek payroll tax cut, relief for hourly workers as part of virus response

March 10, 2020 | The Washington Post

The president also said he was seeking to provide assistance to the airline, hotel and cruise industries, which are all suffering as Americans rapidly cancel travel plans.

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People

Amy Isbell-Williams

Articles

Treasury proposal: Deliver $500B to Americans starting April 6

A cruel paradox: Beating virus means causing U.S. recession

Wide swath of economy seeks share of COVID-19 rescue package

Trump pushes for massive aid from Congress, checks to public

U.S. expected to lose 4.6M travel-related jobs this year from virus fallout

Stocks move higher on Wall Street after worst drop since 1987

Indiana distilleries among those producing hand sanitizer

Officials seek $750 billion in economic aid to thwart virus

IBJ Podcast: Pete the Planner talks about the virus, the impact on the economy and what to think about your portfolio

With unprecedented force and speed, a global recession is likely taking hold

Ed Feigenbaum: How would General Assembly meet during times of crisis?

Growing churches look to retail spaces, office buildings for expansions

Redevelopment report has grand vision for car-centric Castleton

Capital Improvement Board braces for big losses from COVID-19 outbreak

Pete Seat: Let’s not miss opportunity to consistently have a say

Nebraska coach leaves Big Ten tourney loss with ‘common cold’

Coronavirus clusters swell on both sides of United States

Former downtown payroll firm owner gets six years for defrauding clients

Scrutiny on NCAA tournament coronavirus plan intensifies as two leagues keep out fans

Trump to seek payroll tax cut, relief for hourly workers as part of virus response