SKARBECK: U.S. will someday have to deal with debt
After years of easy borrowing that helped boost economic growth, governments around the globe are dealing with evil twinsâ??high levels of debt and shrinking revenue to repay.
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New claims for jobless benefits jump again
Initial requests for jobless benefits rose last week to their highest level since April, a sign that hiring remains weak and
some companies are still cutting workers.Trustee pressing Daniels, others to return Durham’s donations
Trustee Brian Bash has sent letters to politicians who he says received a total of $900,000 in funds Durham had borrowed
from the coffers of Fair Finance, a now-bankrupt investment firm based in Ohio.WellPoint, peers focus on health reform rules, campaign
WellPoint Inc., UnitedHealth Group Inc. and three other health insurers, criticized by Democrats during the health care reform
debate, are seeking to influence how the new law will be implemented, and possibly change it, by campaigning for supportive
congressional candidates.Senator asks Zimmer for info about product complaints
Inquiry stemmed from an article in the New York Times about a dispute between the Warsaw-based maker of artificial hip and knee joints and two of its consultants.
Secretary of state candidate leaves architectural firm
Vop Osili of Indianapolis-based A2SO4 is focusing full time on his run for secretary of state as the Democratic candidate.
Economic growth likely slowed in second quarter
Economists expect the government to report Friday that economic growth slowed in the April-to-June quarter as consumers bought
less, builders pulled back further, and cash-hungry state and local governments cut spending.Ex-Dow AgroSciences employee accused of stealing trade secrets
The U.S. Department of Justice has charged Ke-xue Huang, a native of China’s Hunan province, of stealing trade secrets of
a Dow AgroSciences insecticide and giving them to the People’s Republic of China. Federal agents arrested the former Dow Agro
scientist July 13 in Westboro, Mass.Is Baron Hill high and dry?
The congressman was the only one from the Indiana delegation to vote for cap and trade. Now, with the Senate having gotten
cold feet on the legislation, Hill might have been left to twist in the wind.
Publisher’s book fair questioned amid financial troubles
Charity event scheduled for July 31 is postponed again as complaints against New Century Publishing mount.
Council advances utilities transfer proposal
City-County Council members voted 19-10 Monday night to approve Republican Mayor Greg Ballard’s $1.9 billion plan to
transfer Indianapolis’ water and sewer utilities to Citizens Energy Group.Legislative showdown unavoidable?
With just about all the meat gnawed off the bones, lawmakers might turn on each other in the upcoming General Assembly.
Small business lending measure clears filibuster
Community banks may soon be able tap a $30 billion government fund to help them increase lending to small businesses.
Obama signs unemployment bill; checks are coming
President Barack Obama on Thursday signed into law a restoration of benefits for people who have been out of work for six
months or more. The move ended an interruption that cut off payments averaging about $300 a week to 2½ million people
who have been unable to find work in the aftermath of the nation's long and deep recession.Big budget cuts will make for bitter state politics
As Indiana’s reserves dwindle toward zero and federal stimulus money disappears, trying to keep political debate friendly
and the budget in the black will be quite a challenge. Half a year before they must craft the next state budget, Democrats
and Republicans already are squabbling.BP donates to Indiana candidates, some return cash
BP's employee political action committee donated nearly $24,000 to Indiana legislative candidates in June, but not everyone
wants to cash the checks after the biggest offshore oil spill in U.S. history.Elevated jobless claims point to weak labor market
The sharp increase comes after claims fell steeply two weeks ago to their lowest level since August 2008. But much of that
drop was driven by temporary seasonal factors and not an improving job market.Historic financial overhaul signed into law by Obama
Rep. Mike Pence of Indiana, a member of the House GOP leadership, on Wednesday joined House Minority Leader John Boehner of
Ohio in calling for the law’s repeal.Filibuster broken, jobless benefits may flow soon
The Senate is poised to pass legislation restoring jobless benefits for millions of people unable to find work in the frail
economic recovery.Momentum builds to delay Social Security
Politicians are beginning to tepidly make the case to head off disaster.