The Commerce Department reports quarterly GDP at an annual rate to allow easy comparisons to other time periods. Remove the annualization, and we see the economy contracted a still-abysmal 9.5%.
Indiana has now seen more than 65,000 confirmed positive cases of COVID-19. Global numbers have surpassed 17 million.
Marion County Public Health Department Director Virginia Caine also recommended that high-risk teachers and students be allowed to opt out of in-person instruction.
Before becoming a political pundit and candidate, Cain was a highly successful food industry executive. He earned a master’s degree in computer science from Purdue University in 1971.
More than 1.4 million laid-off Americans applied for unemployment benefits last week, marking the 19th straight week that more than 1 million people have applied for unemployment benefits.
The contraction last quarter was driven by a deep pullback in consumer spending, which accounts for about 70% of economic activity.
A meeting between top White House officials and Democratic leaders ended with no agreement on extending emergency unemployment benefits that expire on Friday, or on reviving a moratorium on evictions that lapsed last week.
Besides keeping short-term rates pinned at nearly zero, the Federal Reserve also said it will continue to buy about $120 billion in Treasury and mortgage bonds each month to support the economy.
The state’s program, which launched July 13, has already received more than 20,000 applications, but the funds are expected to be enough to cover only about 12,000 households.
In addition, the governor said he was extending the state’s landlord moratorium on evictions though Aug. 14.
The Indiana Supreme Court issued an order Wednesday again revamping the July 2020 bar exam, opting to send test questions by email and allowing applicants to refer to notes and course materials during the test.
Indiana Gov. Eric Holcomb’s administration set aside $300 million in federal CARES Act funding for local units of government to use for pandemic-related expenses, but so far, rental assistance programs are not among the reimbursable items.
Marion County saw a daily increase of 142 COVID-19 cases, bringing its cumulative total above 14,000.
Anthem Inc.’s second-quarter profit doubled on a year-over-year basis as a pandemic-induced drop in claims and a new business pushed the Blue Cross-Blue Shield insurer’s earnings past expectations.
Older state computer systems that took weeks to set up for the initial federal unemployment enhancement would need to be reprogrammed again twice under the new GOP plan.
So many lawsuits have been filed against insurers in the U.S. that a Thursday hearing has been scheduled before a federal judicial panel in Washington to decide how to manage them all in the months—and possibly years—ahead.
The executive council of the 1.7 million-member American Federation of Teachers approved a resolution Friday giving AFT affiliates across the country authorization to stage strikes.
Despite the upheaval and uncertainty the pandemic has created for legal education, law school admissions officers say this fall’s first-year law class will likely be the same size, if not bigger, than the class that started in fall 2019.
The president of the Transportation Trades Department, a coalition of 33 unions, wrote in the petition that the government needed to set clear rules for the use of masks to protect workers and passengers from the coronavirus.
Indiana’s health department on Tuesday also reported 9,079 new COVID-19 tests, the seventh time in eight days when daily testing has exceeded 9,000.
