New reality for college sports on full display in Wong case
Leagues, schools and some coaches worry the new free-for-all upends competitive balance, disrupts rosters and pushes more control over NCAA athletic programs to outside forces.
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FDA restricts J&J’s COVID-19 vaccine due to blood clot risk
The vaccine was initially considered an important tool in fighting the pandemic because it required only one shot. But the single-dose option proved less effective than two doses of the Pfizer and Moderna vaccines.
After pandemic pause, Broad Ripple Art Fair will celebrate 50 years
On May 14-15, the grounds of the Indianapolis Art Center will host 150 artists and their work during the Broad Ripple Art Fair.
Millions who retired early during pandemic now returning to work, new data shows
In some cases, workers say rising costs—and the inability to keep up while on a fixed income—are factoring heavily into their decisions.
Indiana ranked seventh in nation for hospital charge disparities
A new study released Thursday by the Rand Corp. showed that Hoosiers covered by employer health plans paid Indiana hospitals nearly three times—or 292%—of what Medicare would have paid for the same procedures.
As diversity rises, U.S. boards still disproportionately white
More companies are being transparent about the racial breakdown for their board of directors. A big reason for that is because they’re being forced to, with pressure coming from stock exchanges, regulators and investors.
Small businesses still struggling to find enough workers
Data from payrolls processing firm ADP show a widening gap in hiring between businesses with 500 or more employees and businesses with less than 50 staffers. Those smaller businesses have lost jobs in three of the past four months.
Dollar surges to 2-decade high as investors seek refuge
Rising inflation that has caused the biggest jump in prices in 40 years has spurred the Federal Reserve to aggressively raise interest rates, which increases demand for U.S. dollars.
Musk lines up $7.1B in investor financing for Twitter bid
The infusion adds heft to the Tesla chief’s offer and eases some of the financial pressure he’s taken on in pursuit of the social media platform.
Indianapolis-based Calumet gets new CEO as part of leadership reshuffling
Todd Borgmann, Calumet’s former CFO, was promoted to CEO effective this week. The move, and several other executive-level changes, were triggered by the May 1 retirement of board chairman Fred Fehsenfeld.
Renovation to breathe new life into historic downtown Fishers buildings
A pair of historic buildings along 116th Street near Nickel Plate Station are being saved, but that won’t be the case for two other old buildings in the same block that were determined to be “beyond repair.”
Deer Creek founders reunite to launch Labor Day weekend music festival
Performers have yet to be announced for the All IN Music & Arts Festival, scheduled Sept. 3-4 at the Indiana State Fairgrounds.
Indiana voters pass most local tax increases for school salaries, operations
All six of the operating referendums on the ballot passed, giving schools around the state additional tax revenue to fund programs, transportation, and salaries. But construction referendums—whose funds are earmarked for specific building or renovation projects—fared worse.
FAA offers help for snarled Florida summer air travel
Air traffic to Florida picked up more quickly during the pandemic than many other places, and airlines have scheduled even more flights for this summer. That is raising concern about the potential for massive disruptions that could ripple far beyond the state’s borders.
Caesars starts work on $39M expansion of Anderson casino
The expansion will add 30,000 square feet to the gambling floor and 100 jobs at the venue, plus additional slot machines and table games.
U.S. plastics recycling rate slumps below 6%, analysis finds
Though plastics use fell in the early days of the pandemic, consumption has rebounded along with economic activity. Meanwhile, plastic waste exports have plummeted in the wake of import bans by countries such as China and Turkey.
Here’s how higher Fed rates stand to affect Americans’ finances
Economists and investors foresee the fastest pace of Federal Reserve rate increases since 1989. The result could be much higher borrowing costs for households well into the future.
UPDATE: Indiana House District 32 GOP candidates wait for results in race separated by six votes
Fred Glynn and Suzie Jaworowski remain in an ultra-tight battle with 98.8% of the vote counted. An issue at a voting center in Marion County has delayed the final count.
Fed raises key rate by half-point in bid to tame inflation
The Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark short-term interest rate by a half-percentage point Wednesday—its most aggressive move since 2000—and signaling further large rate hikes to come.
The Bail Project sues state over constitutionality of law limiting charitable bailouts
Filed Wednesday by The Bail Project and the American Civil Liberties Union of Indiana, the lawsuit alleges a new Indiana law restricting whom it can bail out of jail infringes on its constitutional rights.