Articles

Cliff avoided: Congress staves off tax hikes

Past its own New Year's deadline, a weary Congress sent President Barack Obama legislation to avoid a national "fiscal cliff" of middle class tax increases and spending cuts late Tuesday night in the culmination of a struggle that strained America's divided government to the limit.

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High-deductible premiums rising, too

Since 2007, premiums for high-deductible health plans’ family coverage have grown 32 percent—compared with 30 percent among all health plans, according to survey data from the Kaiser Family Foundation.

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Life sciences hold up in recession

A new report shows Indiana’s life sciences companies performed better than their peers around the country—and far better than the rest of Indiana’s private sector—during the early phases of the economic downturn.

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Grant-makers adapt to post-recession normal

After the financial crisis of 2008, foundations in Indiana and across the country set up special relief funds for their communities. Ongoing support for the one formed in Indianapolis is just one sign of how the poor economy is still influencing grant-makers’ decisions.

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Carmel free clinic drawing jobless professionals

Trinity Free Clinic in Carmel began in 2000 to serve a growing Hispanic immigrant population. Since the latest recession, so many people—including unemployed professionals—have found their way to the clinic that the portion of white patients has grown from one-third in 2008 to 47 percent last year.

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Veteran banker Alley found Integra too sick to save

With reluctance, Mike Alley, a veteran Indianapolis banker, joined the board of Evansville-based Integra Bank in April 2009. A month later, he found himself CEO—the beginning of a 26-month odyssey that ended July 29 with banking regulators seizing and shutting down the 160-year-old institution.

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Economy growing at slowest pace since recession

The economy expanded at a meager 1.3-percent annual rate in the spring after scarcely growing at all in the first three months of the year, the Commerce Department said Friday. The combined growth for the first six months of the year was the weakest since the recession ended two years ago.

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