UPDATE: Tokyo Olympics officially postponed until 2021 because of pandemic
The International Olympic Committee said the games will be held “not later than summer 2021” but they will still be called the 2020 Tokyo Olympics.
Stay-home decrees crush small business, erasing millions of jobs
First came the order to close up. Then the laying off of staff. Now small-business owners across the U.S. are bleeding cash and wading through paperwork to get financial assistance.
Negotiators near $2T deal for federal virus aid after tensions flair
Top congressional and White House officials emerged from grueling negotiations at the Capitol over the $2 trillion coronavirus rescue package saying they expected to reach a deal Tuesday.
Malaria drugs’ promise for coronavirus spurs hope, shortages
Excitement about treating the new coronavirus with malaria drugs is raising hopes. But the evidence that they may help is thin, and a run on the drugs is complicating access for people who need them for rheumatoid arthritis or lupus.
USA Gymnastics among growing chorus asking for Olympics delay
USA Gymnastics President Li Li Leung said Monday that a majority of senior national team members indicated in an anonymous survey that they would prefer the games be postponed due to the coronavirus pandemic.
Musk restaurant group closes Indy locations, won’t reopen one after virus scare
Upscale restaurant Hedge Row and the more casual Next Door both opened in Indianapolis in 2018. Both are part of The Kitchen Restaurant Group founded by Kimbal Musk.
Hoosier unemployment apps skyrocket to 54,000 in one week
The numbers are skyrocketing as businesses close as part of efforts to stop the spread of the coronavirus.
Tokyo Olympics postponement appears inevitable as countries grow impatient with IOC
Dick Pound of Canada, the longest-serving International Olympic Committee member, told USA Today “postponement has been decided,” but the IOC gave no indication Monday that a delay was certain.
Indiana hospitals to pool information on medical supplies as COVID-19 surge looms
The move comes as doctors, nurses and hospitals across the country plead with federal officials to provide more critical medical supplies.
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COVID-19 testing in Indiana remains sharply limited for foreseeable future
As in other states, tests are being reserved for health care workers and people with strong symptoms who have been in contact with someone who has tested positive.
Two biggest hotels in Indianapolis suspend operations
The 1,005-room JW Marriott Indianapolis and 650-room Indianapolis Marriott Downtown closed Monday after they stopped taking reservations late Sunday.
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FAQ: What does the stay-at-home order mean for Hoosiers?
Gov. Eric Holcomb is telling Hoosiers to “hunker down” and stay at home for the next two weeks, except for what’s deemed “essential” business and activity. The order raises a bunch of questions about how it will work and what’s allowed. Here are some answers to those questions.
Stocks tumble despite Fed aid as traders wait for Congress
The Federal Reserve did what it could to help financial markets and the economy Monday. But investors are still waiting for Congress and the White House to do the same.
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Holcomb orders non-essential businesses to close, tells Hoosiers to stay home through April 7
His decision—announced in a Statehouse address streamed online—follows in the footsteps of a handful of other governors across the country, including three of Indiana’s neighboring states: Michigan, Illinois and Ohio.
UPDATE: Fed to buy as much government debt as needed to aid economy
The central bank’s all-out effort has now gone beyond even the extraordinary drive it made to rescue the economy from the 2008 financial crisis. Financial markets sharply reversed themselves after the announcement.
Michigan governor to issue stay-at-home order, joining Illinois, Ohio
Michigan is joining at least eight other states nationally including two of the three states neighboring Indiana. Indiana Gov. Eric Holcomb has an announcement about the pandemic scheduled for noon Monday but has not disclosed the purpose.
Coronavirus cases rise to 259 in state, with 110 in Marion County
The Indiana State Department of Health on Monday morning said 58 more cases were confirmed over the past 24 hours.
Indianapolis airport says it’s confident in financial situation amid industry calls for relief
Indianapolis International Airport’s budget is bound to take a hit from a major decrease in passengers during the COVID-19 pandemic, but airport officials say they have made preparations for economic disruption.
Herb and David Simon make $19M bet on Simon Property’s deflated stock
Since the start of 2020, Simon shares have lost 67.7% of their value—chopping $31 billion off the company’s market capitalization.
IBJ Podcast: How can companies survive the economic calamity of COVID-19?
“It’s your job to survive and to make sure that when these social controls are lifted and everybody starts to come back out that you’re ready for business,” IU’s Phil Powell, an economist at the Kelley School of Business, tells host Mason King.
Resources
Centers for Disease Control and Prevention CDC Resources for Businesses and Employers OSHA Guidance on Preparing Workplaces for COVID-19 Indiana State Department of Health Indy Chamber Rapid Response Hub Small Business Administration The SBA is making low-interest loans for working capital available to Indiana small businesses. Indiana Unemployment Information Johns Hopkins Coronavirus Dashboard Critical Industries Hotline(for business and industry only)
877-820-0890
covidresponse@iedc.in.gov State’s virus-related executive orders State plan to reopen Indiana