Emmis founder: ‘Never say never’ on sale of Monument Circle HQ
Jeff Smulyan, chairman, CEO and founder of Emmis, said the company is weighing all its options for what could be done with the prominent downtown property.
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U.S. wholesale inflation shows first month-to-month decline in 2 years
Inflation at the wholesale level still jumped 9.8% in July compared with a year earlier, suggesting that inflation will remain at painful levels for months to come.
Proposed developments could mean more than 150 new homes in Carmel
Indianapolis-based Onyx+East LLC, Carmel-based Pittman Partners Inc. and Carmel-based Estridge Development Management LLC are proposing new neighborhoods in Carmel.
Indiana juniors’ SAT scores much better in reading than in math
Half of Indiana’s high school juniors tested as college-ready in reading and writing on the SAT in 2022, but only around one-third met readiness benchmarks in math, according to Indiana Department of Education data released Wednesday.
Travelers starting to see small breaks from rising airfares
Before celebrating by splurging on a fancy trip, travelers should be aware that July’s average ticket was still 27.7% higher than in July of last year.
Runway rebuild project takes off at Indianapolis International Airport
Indianapolis International Airport is undergoing its most ambitious project since the completion of the new Midfield Terminal in 2008—a $190 million rebuild of one of its two main runways.
Postal Service to raise rates on packages during holiday season
The mail agency’s board of governors approved a peak-season plan to increase the costs of commercial and retail parcels from early October through late January to capture the bustling holiday shopping season when packages crisscross the country.
Susan Brooks, John Tinder denounce Indiana AG Rokita, say actions smack of ‘McCarthyism’
The former congresswoman and the retired federal judge wrote in a column that they are “deeply concerned” about Attorney General Todd Rokita’s actions toward Dr. Caitlin Bernard, the Indiana physician who performed an abortion on a 10-year-old Ohio girl.
WIBC-FM reporter Berman, 7 other Emmis employees lose jobs prior to sale of radio stations
Emmis Corp. on Wednesday said it dismissed eight employees in advance of a sale of the company’s Indianapolis radio stations to Urban One.
Indy firm uses midcontinental advantages to build underwater photo gear
Compared to coastal competitors, Ikelite Underwater Systems enjoys the affordability and the manufacturing concentration in Indiana.
American Senior Communities agrees to pay $5.6M to settle false claims allegations
American Senior Communities, the largest nursing home company in Indiana, has agreed to the settlement to resolve allegations that it violated federal laws by submitting false claims to the Medicare program.
Tests show Indiana 3rd graders below pre-pandemic reading levels
Nearly one in five students “have not mastered foundational reading skills by the end of third grade,” according to data from IREAD, an Indiana Department of Education reading assessment given to third graders.
Central Indiana fair-housing group reaches settlement in senior-living lawsuit
The Fair Housing Center of Central Indiana and 11 partners in other states have reached a settlement agreement with a New York-based operator of senior-living apartments, including several in the Indianapolis area.
Evictions spiking as rents soar, assistance disappears
Rental prices nationwide are up nearly 15% from a year ago and almost 25% from 2019, according to the real estate company Zillow.
U.S. inflation slows from a 40-year peak, but remains high
Wednesday’s report raised hopes that a modest slowdown in inflation might enable the Federal Reserve to raise short-term interest rates by less than had been anticipated when it meets in late September.
Newest High Alpha company helps brands collaborate
Colaboratory offers a platform that helps brands identify potential partners and collaborate with them. The company, which has been operating in stealth mode since January, has now publicly launched.
Indiana schools aren’t hiring new adjunct teachers
Adjunct teacher permits represent the newest pathway to working in Indiana classrooms, following their approval by the state legislature earlier this year. Yet so far, school leaders don’t seem keen on using them.
A new era of industrial policy kicks off with signing of Chips Act
The long-pursued bipartisan legislation looks set to spur construction of more than a half-dozen big semiconductor manufacturing facilities in the United States.
Postal Service to request rate increase due to inflation, DeJoy says
Inflation is going to add more than $1 billion to the U.S. Postal Service budget, necessitating a request for another rate increase in January, Postmaster General Louis DeJoy said Tuesday.
U.S. inflation likely to stay high even as gas prices fall
Thanks largely to falling gas prices, the government’s inflation report for July, to be released Wednesday morning, is expected to show a small slowdown from the 9.1% year-over-year figure in June, which was the highest in four decades.