America’s jobless owe thousands of dollars in taxes on their unemployment
For tax purposes, weekly unemployment payments count as income just like wages from a job. But few people realize the money they get from the government is actually taxable.
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Minimum wage hike all but dead in big COVID-19 relief bill
Democrats on Monday seemed to have exhausted their most realistic options for quickly salvaging the pay hike. In one decision, they abandoned a potential amendment threatening tax increases on big companies that don’t boost workers’ pay to certain levels.
Carmel Council to consider establishing formal investigations process
A council member’s investigation into the Hotel Carmichael’s cost overruns and a city employee’s complaint hit a roadblock, so she’s co-sponsoring two proposed ordinances intended to provide guidance related to the council’s investigatory powers.
S&P 500 has best day since June as stocks rally on Wall Street
The 2.4% jump in the benchmark index Monday followed back-to-back weekly losses and came as investors were relieved to see long-term interest rates easing lower in the bond market.
Artificial intelligence panel urges U.S. to boost tech skills amid China’s rise
Executives from Google, Microsoft, Oracle and Amazon are among the 15 members of the National Security Commission on Artificial Intelligence, which released its final report to Congress on Monday.
Battered by pandemic, IU Health sees annual operating income fall
Declines were seen almost across the board in patient service categories, including hospital admissions, surgeries, ER visits, radiological exams, due in part to a government order to shut down elective procedures for several months.
WHO: ‘Premature’ and ‘unrealistic’ to think pandemic will end soon
Dr. Michael Ryan, director of WHO’s emergencies program, said he was reassured by emerging data that vaccines appear to be helping curb the virus’ explosive spread, but he warned against complacency, saying nothing was guaranteed in an evolving epidemic.
U.S. manufacturing activity jumps to three-year high
The Institute for Supply Management reported Monday that its gauge of manufacturing activity rose to a reading of 60.8% last month, 2.1 percentage-points above the January level of 58.7%.
U.S. spending on construction projects rises 1.7%
Despite an economy that’s been battered for nearly a year because of the coronavirus pandemic, historically low interest rates and city dwellers seeking more space in the suburbs and beyond has boosted home sales.
Indiana COVID-19 cases hit lowest mark since Sept. 21
New reported COVID-19 cases and testing of new individuals were down significantly in Indiana last month, but more deaths due to COVID-19 were reported in February than in any other month of the pandemic.
Senate Democrats consider changes to House virus relief bill
Party leaders hoping to salvage a minimum wage increase have abandoned one proposal aimed at pressuring big companies to boost workers’ pay.
500 Festival again shifts Mini-Marathon to virtual event
The decision by the not-for-profit 500 Festival also applies to its 5-kilometer event. Both events still are set for May 8, albeit now in virtual formats.
Indianapolis not-for-profit leader named National Spelling Bee chief
J. Michael Durnil served as CEO of the Indianapolis-based Simon Youth Foundation from December 2010 until last month.
U.S. safety agency investigating engine fires in top-selling Toyota SUV
A Toyota spokesman would not answer questions about whether the SUVs should be parked outdoors until the matter is resolved, but said the company is cooperating in the probe.
IBJ Podcast: Restaurants rejoice in looser limits for March Madness
Host Mason King talked with Mike Cranfill, co-owner of The District Tap, and Mike Cunningham, founder and CEO of Cunningham Restaurant Group, which owns 35 restaurants with plans to open several more soon, about what the NCAA tournament will mean for them.
Biden team readies wider economic package after virus relief
During the presidential campaign, Joe Biden pledged to deploy $2 trillion on infrastructure and clean energy, but the White House has not ruled out an even higher price tag.
Fraud overwhelms pandemic-related unemployment programs
In Indiana, Kentucky and Maryland, officials have said that for certain weeks in the new year, at least two-thirds of the claims they received were classified as suspicious due to problems verifying identities.
Duke Energy closing southern Indiana power plant early
The utility’s R. Gallagher power plant, which boasts twin smokestacks that have long towered over the Ohio River city of New Albany, was scheduled to be retired in 2022, but will now close much earlier.
COVID-19 cases rise in Indiana by 736, deaths by 17
The state said more than 565,000 Hoosiers had been fully vaccinated against COVID-19 as of Sunday. More than 992,000 had received the first dose of a vaccination.
J&J’s one-dose shot cleared, giving U.S. third COVID-19 vaccine
J&J initially is providing a few million doses and shipments to states could begin as early as Monday. By the end of March, J&J has said it expects to deliver 20 million doses to the U.S., and 100 million by summer.