Here’s why inflation is so high, and when it might ease
As any American who has bought a carton of milk, a gallon of gas or a used car could tell you, inflation has settled in. And economists are now voicing a more discouraging message.
Associated Press
Articles
Ex-Muncie mayor sentenced to year in prison for bribery
Dennis Tyler was sentenced Wednesday to a year in prison on federal charges of taking a $5,000 bribe in exchange for steering city projects to a contractor.
Hershey buys Dot’s and Indiana pretzel maker for $1.2B
The chocolate company said it would acquire North Dakota-based Dot’s Pretzels LLC as well as Pretzels Inc., an Indiana-based manufacturer of Dot’s Pretzels and other snacks that operates three plants.
U.S. jobless claims drop to pandemic low of 267,000
Applications for unemployment aid have been falling mostly steadily since topping 900,000 in early January and are gradually nearing prepandemic levels of around 220,000 a week.
Ford, Purdue partner on technology to speed up EV charging
Researchers say charging times for electric vehicles could eventually be on par with filling up a car at a gas station.
U.S. consumer prices soared 6.2% in past year, most since 1990
Inflation is eroding the strong gains in wages and salaries that have flowed to America’s workers in recent months, creating political headaches for the Biden administration and congressional Democrats and intensifying pressure on the Federal Reserve.
Whistleblowers to play key role in enforcing vaccine mandate
To enforce President Joe Biden’s forthcoming COVID-19 mandate, the U.S. Labor Department is going to rely on employees concerned enough to turn in their own employers if their co-workers go unvaccinated or fail to undergo weekly tests to show they’re virus-free.
Congress mandates new car technology to stop drunken driving
It’s one of the mandates along with a burst of new spending aimed at improving auto safety amid escalating road fatalities in the $1 trillion infrastructure package that President Joe Biden is expected to sign soon.
Pfizer asks FDA to approve COVID-19 booster shots for all adults
Pfizer asked U.S. regulators Tuesday to allow boosters of its COVID-19 vaccine for anyone 18 or older, a step that comes amid concern about increased spread of the coronavirus with holiday travel and gatherings.
Producer prices rise 8.6%, matching September record high
The Labor Department reported Tuesday that its producer price index—which measures inflation before it hits consumers—rose 0.6% last month from September, pushed higher by surging gasoline prices.
General Electric to split into three public companies
General Electric announced Tuesday that it will spin off its health care business in early 2023 and its energy segment including renewable energy, power and digital operations in early 2024.
Government: Vaccine rule should remain while cases play out
The Biden administration framed its vaccine mandate for larger private employers in life-and-death terms Monday in a legal filing that sought to get the requirement back on track after it was halted by a federal court.
U.S. charges two suspected major ransomware operators
Both men are alleged to be affiliated with the prolific Russia-based REvil ransomware gang, whose attacks have compromised tens of thousands of computers worldwide and yielded at least $200 million in ransom payments, said Attorney General Merrick Garland.
Indiana Senate’s former top Democrat won’t seek reelection
Sen. Tim Lanane of Anderson announced his decision Monday, saying he would finish his current term that runs until the November 2022 election.
NCAA streamlines constitution, set to give power to schools
The NCAA on Monday set the stage for a dramatic restructuring of college sports that will give each of its three divisions the power to govern itself.
Caesars plans $34 million expansion at Anderson casino
The company plans a 38,000-square-foot expansion at Hoosier Park that will result in 100 more slot machines, along with restaurant and bar space and a new drive-through area for valet parking.
Federal appeals court temporarily blocks Biden vaccine mandate on businesses
The 5th U.S. Circuit Court of Appeals granted an emergency stay of the requirement by the federal Occupational Safety and Health Administration that workers at certain businesses be vaccinated by Jan. 4 or face mask requirements and weekly tests.
Indiana lawmakers could debate sales, business tax changes
House Ways and Means Chairman Tim Brown wants to explore expanding Indiana’s 7% sales tax to services, which potentially could be anything from haircuts to hospital stays, with the aim of lowering the overall sales tax rate.
U.S. Rep. Jim Banks deletes post, gets Twitter access back
The Indiana congressman said he met Twitter’s demand that he delete his Oct. 19 post regarding Dr. Rachel Levine becoming the first openly transgender four-star officer in the U.S. uniformed services.
Dems end deadlock, House hands Biden infrastructure win
The House approved a $1 trillion package of road and other infrastructure projects late Friday after Democrats resolved a months-long standoff between progressives and moderates.