Powell warns of a possible sustained recession from pandemic
Federal Reserve Chair Jerome Powell urged Congress and the White House to act further to prevent long-lasting economic damage.
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Indiana rejects guidance from DeVos to reroute more coronavirus relief to private schools
While other states have voiced their opposition, Indiana appears to be among the first to formally reject the idea.
Dem candidates in 5th District differ on term limits, Electoral College, health care during forum
Four of the five candidates running in the 5th District—Jennifer Christie, Christina Hale, Andrew Jacobs and Dee Thornton—participated in a virtual forum Tuesday night.
Seahorse expert wins Indianapolis Prize for conservation
A Canadian scientist described as the “preeminent authority on seahorse ecology and conservation” has won $250 prize from the Indianapolis Zoo, organizers announced Tuesday.
Pelosi unveils $3 trillion virus aid bill, says inaction costs more
The House is expected to vote on the package as soon as Friday, but the Senate is likely to wait until after Memorial Day to act.
Indiana Republican Party calls off in-person convention
The GOP will conduct the convention through a live TV broadcast on June 18, followed by mail-in voting by delegates.
Holcomb asks Supreme Court whether AG Hill’s suspension creates vacancy for him to fill
Holcomb’s petition also challenges Curtis Hill’s decision to appoint his chief deputy to serve in his absence.
Total Wine & More wins round in court fight to open in Indiana
A national alcohol retailer with more than 200 stores in 24 states is a step closer to doing business in Indiana after a federal court temporarily barred Indiana from enforcing a prohibition that keeps out-of-state businesses from holding liquor permits.
Ex-Rep. Rokita might join race for Indiana attorney general
Former U.S. Rep. Todd Rokita said Indiana Attorney General Curtis Hill is “very badly wounded” because of the 30-day suspension of his law license.
COVID relief fund’s third round provides $4M to Marion County groups
Since its launch earlier this year, the Central Indiana COVID-19 Community Economic Relief Fund has distributed more than $15.8 million to 100 organizations in central Indiana.
State passes 25,000 total cases of COVID-19; deaths reach 1,444
The state reported that 150,510 people have been tested so far, up from 146,688 in Monday’s report—an increase of 3,822.
Area existing-home sales sank 16.8% in April amid pandemic limitations
Amid the big decline in sales, prices hit record highs in central Indiana, according to the MIBOR Realtor Association.
Former downtown correctional facility up for sale as neighborhood takes off
Real estate sources told IBJ the land likely would sell for at least $1 million per acre because of its proximity to the heart of downtown, where sizable redevelopment opportunities are scarce.
Consumer prices off by most since 2008 as virus slows economy
Excluding the normally volatile categories of food and energy, so-called core prices saw their sharpest drop on records dating to 195, the Labor Department said Tuesday.
Fauci warns of ‘suffering and death’ if U.S. reopens too soon
Dr. Anthony Fauci, the nation’s top infectious disease expert, said officials should adhere to federal guidelines for a phased reopening or they will risk new COVID-19 outbreaks.
IBJ’s Beyond COVID podcast: The magic of a one-page business plan
Leadership coach Craig P. Anderson says that a concise, straightforward business plan is the key to success—not just in normal times, but especially now, when the economy has been thrown for a loop.
Major League Baseball owners OK plan that could lead to July start, source says
The coronavirus-delayed season could start around the Fourth of July weekend in ballparks without fans.
Most Republican 5th District candidates support Trump’s response to pandemic
During two virtual candidate forums hosted by Indiana Town Halls and WFYI Productions on Monday night, 14 of the 15 Republicans seeking the seat were asked to rate the Trump administration’s actions so far related to the global health crisis.
Simon shares rally after firm lays out reopening plans, pledges to pay a dividend
CEO David Simon said the company is continuing to work closely with its tenants but declined to discuss how it is assisting those that have faced financial strains from limited or diminished operations.
White House recommends tests for all nursing home residents
More than 27,000 residents and staff have died from outbreaks of the virus at the nation’s nursing homes and long-term care facilities, according to an AP tally based on state health departments and media reports.