COVID-19 government disaster loans saved businesses, but saddled some survivors with debt
The SBA awarded about 4 million loans worth $380 billion through the program. More than $300 billion was outstanding as of late 2023.
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Party of one: Restaurants catering to more solo diners
In the United States, solo dining reservations have risen 29% over the last two years, according to OpenTable, the restaurant reservation site.
Analysis: IndyCar left scrambling after NASCAR beats them into Mexico City
Pato O’Ward was not happy at all when NASCAR last week announced it would race in Mexico City at Autodromo Hermanos Rodríguez, the really popular Formula 1 venue and best circuit in his home country.
More than 10,000 hotel workers strike during Labor Day weekend
UNITE HERE said a total of 15,000 workers have voted to authorize strikes, which could soon spread to other cities.
Boar’s Head plant linked to deadly outbreak broke food safety rules dozens of times, records show
The plant has been linked to the deaths of at least nine people and hospitalizations of about 50 others in 18 states, including Indiana.
College athlete advocacy group opposes NCAA lawsuit settlement, says it limits potential earnings
The National College Players Association said it is against the proposed $2.8 billion settlement agreement of antitrust litigation facing the Indianapolis-based NCAA and major college conferences.
U.S. economic growth for last quarter revised up to 3% annual rate
The Commerce Department had previously estimated that the nation’s gross domestic product—the total output of goods and services—expanded at a 2.8% rate from April through June.
Supreme Court rebuffs Biden administration plea to restore multibillion-dollar student debt plan
Cost estimates of the new Saving on a Valuable Education plan vary from $276 billion to $475 billion over 10 years.
Sweaty corn making Midwest even more humid
Farmers are also planting more acres of corn, in part to meet demand for ethanol, which means more plants working harder to stay cool — pumping out humidity that adds to steamy misery like that blanketing much of the U.S. this week.
GM delays Indiana EV battery factory, but finalizes joint venture deal with Samsung
The companies finalized their agreement Tuesday to jointly run the new factory in New Carlisle, Indiana, near South Bend, but said production would not start next year as originally planned.
NFL owners OK private equity stakes in teams of up to 10%
NFL owners for the first time have opened their teams to institutional investment after previously prohibiting it.
Lowe’s changes some DEI policies in wake of high court decision
The home improvement chain joined the ranks of several other companies that have altered their programs after the U.S. Supreme Court outlawed affirmative action in college admissions.
Kroger, Albertsons defend merger plan in federal court against regulators
The two companies proposed what would be the largest supermarket merger in U.S. history in October 2022. But the Federal Trade Commission sued to prevent the $24.6 billion deal, alleging it would eliminate competition and raise grocery prices.
Zuckerberg says White House pressured Facebook over COVID-19 content during pandemic
Meta CEO Mark Zuckerberg also said he would no longer donate money to widen election access for voters after dishing out more than $400 million for that purpose in 2020.
Traveling over Labor Day weekend? Have a back-up plan, and be patient.
Airports, highways, beaches and theme parks are all expected to be packed for the long holiday weekend.
Will Power in IndyCar championship fight, not even considering retirement
Although four drivers remain mathematically eligible to win the title, it’s really down to Alex Palou and Power as each is seeking a third IndyCar championship.
Lilly Endowment to give $100M grant to National Park Foundation
The park foundation described the gift on Monday as the largest grant in history benefiting the U.S.’s national parks. The money will be used to address the needs of the country’s more than 400 national park sites.
Diamond Sports set to continue broadcasting NBA games through upcoming season
The largest broadcaster of regional sports networks across the country will continue to televise games for more than a dozen NBA teams and nine NHL teams—including the Indiana Pacers—through their 2024-2025 season even as it moves through bankruptcy proceedings.
Kroger, Albertsons hope to merge but must face skeptical government in court first
Starting Monday, a federal district court judge in Portland, Oregon, will consider both sides and decide whether to grant the FTC’s request for a preliminary injunction.
Fed leader Powell: ‘The time has come’ for Fed to begin reducing interest rates
Federal Reserve Chair Jerome Powell emphasized that inflation, after the worst price spike in four decades inflicted pain on millions of households, appears largely under control.