State receives nearly $2.4 billion from stimulus
Indiana has received nearly $2.4 billion in federal stimulus money and has spent nearly $780 million so far, according to
preliminary data released Thursday.
Federal Government
Articles
Baucus health reform bill draws fire in Indiana, too
The health insurance industry’s sudden counterpunch to the Senate version of health reform echoed in Indiana and
opened a key issue for the rest of the debate: Will covering half of the country’s uninsured mean raising premiums for
the 85 percent of Americans who already have insurance?
Assessing the stimulus in Indiana
The preliminary numbers are out on the effect of the $787 billion federal stimulus on Indiana.
Social Security makes it official: No raise in 2010
There will be no cost of living increase for more than 50 million Social Security recipients next year, the first year without
a raise since automatic adjustments were adopted in 1975.
Stimulus spending likely helping teachers the most
Teachers appear to have benefited most from the effort to save jobs with the $787 billion recovery package, which sent billions
of dollars to states that were on the verge of ordering heavy layoffs in education.
Economist: Recovery at hand, but barriers exist
Leading
indicators show that an economic recovery likely will take hold in 2010, although several challenges remain that could delay
a solid rebound from the worst recession in a generation, an economist said Friday morning at IBJ’s annual Economic Forecast.
Federal workers dodging layoffs
One of the best places to have waited out this recession was in federal government. Federal workers have pretty much gotten
a bye on pink slips at a time private sector employees have taken it on the chin.
Trade deficit narrows unexpectedly to $30.7B
The U.S. trade deficit unexpectedly narrowed in August as exports posted a small gain, while imports fell on a big drop in
demand for foreign oil.
House OKs defense bill that funds Rolls Royce engine
Despite a vaguely worded veto threat by President Barack Obama, the House on Thursday easily adopted a major defense
policy bill that calls for continued development of a costly alternative engine for the Pentagon’s next-generation fighter
jet.
New jobless claims fall to lowest level since January
The number of newly laid-off workers filing first-time claims for jobless benefits fell to the lowest level since early
January, as layoffs eased a bit amid a fledgling economic recovery.
Senate bill doesn’t fund Rolls-Royce jet engine
The measure holds potential bad news for Indianapolis engine maker Rolls-Royce because it does not contain funding for a key
jet engine the company produces, but lawmakers are expected to restore funding when the Senate and House combine bills into
a final version.
Local technology firm gets federal praise
Data management firm Perpetual Technologies was one of 15 firms nationwide to get Secretary of Defense award.
Economy dipped less than expected in 2nd quarter
The recession faded in the spring with economic activity shrinking at a pace of just 0.7 percent, a better-than-expected showing
that buttressed beliefs the economy is now growing.
Conditions placed on Indiana’s welfare rollout
A federal food stamp administrator has told Indiana’s human services chief that his staff must be consulted before the
state rolls out its troubled welfare-automation program to additional regions.
$4.9M approved to buy houses in Franklin flood zone
Another central Indiana city is receiving a multimillion federal grant to buy houses damaged by the widespread flooding that
hit the state last year.
HICKS: Stimulus job creation has been surprisingly small
Earlier this month, the Obama administration released its estimate of the impact of the fiscal stimulus on job creation.
Jobless claims, home sales drop unexpectedly
The number of newly laid-off workers seeking unemployment benefits fell for the third straight week, evidence that layoffs
are continuing to ease in the earliest stages of an economic recovery.
Bill extends jobless benefits in Indiana, 26 other states
With no end in sight to the country’s job market woes, the U.S. House has agreed to give the jobless in a majority of states,
including Indiana, another 13 weeks of unemployment insurance benefits.
FedEx trying to fend off reclassification of its workforce
FedEx brass have been trying to counter legislation pending in Congress being pushed by arch rival United Parcel Service
and the Teamsters union.
HICKS: Chinese tariff is misstep toward trade war
Just a short year ago, economists of all stripes voiced fears of a rise in economic protectionism like that which contributed
mightily to the Great Depression.