After three months of stasis, Indiana unemployment rate dips to 4%
An estimated 134,842 Hoosiers are currently unemployed and seeking jobs, the state reported Friday. That’s down from 137,857 in July.
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Pfizer says COVID-19 vaccine more than 90% effective in children
Details of Pfizer’s study were posted online. The Food and Drug Administration was expected to post its independent review of the company’s safety and effectiveness data later in the day on Friday.
U.S. intel warns that China could dominate advanced technologies
U.S. officials say China’s ambitions in artificial intelligence and a range of advanced technologies could eventually give Beijing a decisive military edge and possible dominance over health care and other essential sectors in America.
Democrats to control Indy council redistricting for first time since Uni-Gov
After long-time Republican dominance, Democrats now hold a 20-5 supermajority on the City-County Council under maps drawn by Republicans in 2012. Now, it’s the Democrats’ turn to draw the maps.
Bloomington-based startup developing drone-assisted construction techniques
Terran Robotics, established in 2019, is developing technology that enables self-flying drones to build walls for earthen homes. The company plans to build its first home next year.
Indianapolis chocolate business lands $5.25M in venture funding
The Indianapolis-based company behind artisanal chocolate brand SoChatti plans to use the funding to launch new products and innovations into the food-production industry. It also finalized its first industrial licensing agreement.
White House, Dems hurriedly reworking $2 trillion Biden plan
President Joe Biden mentioned during a televised town hall Thursday the challenge he faces in wrangling the sharply divergent factions in the Democratic party to agree to the final contours of the bill.
Consumer watchdog to probe Big Tech payment systems
In its first significant action under a new director, the Consumer Financial Protection Bureau is ordering Apple, Amazon, PayPal and other tech giants to reveal how their proprietary payment networks function.
Fed imposes sweeping new limits on policymakers’ investments
The Federal Reserve announced Thursday that its policymakers and senior staff would be barred from investing in individual stocks and bonds.
U.S. regulators endorse efforts to address climate risks
The Financial Stability Oversight Council, which is headed by Treasury Secretary Janet Yellen and includes Federal Reserve Chairman Jerome Powell, acknowledged in a report that climate change is a serious economic threat.
FAA proposes giving flight attendants 1 more hour of rest
The Federal Aviation Administration proposed Thursday that flight attendants get 10 consecutive hours of rest between shifts. The proposal does not change the current 14-hour limit on a flight attendant’s work day.
CDC gets behind COVID vaccine booster rollout, OKs mixing shots
About two-thirds of Americans eligible for COVID-19 shots are fully vaccinated, and the government says getting first shots to the unvaccinated remains the priority.
Report says Indiana state senator listed as Oath Keepers member
Republican Sen. Scott Baldwin of Noblesville said he does not have ties to the group beyond a one-time donation in 2010.
Southwest cuts flight schedule again to smooth operations
The decision to pare service highlights the difficulty that Southwest and other carriers have had adding workers since the summer, when demand surged more than expected after COVID-19 restrictions were lifted.
Indiana COVID cases rise by 2,161, deaths by 26
Statewide hospitalizations due to COVID-19 decreased from 1,475 on Tuesday to 1,445 on Wednesday, their lowest number since Aug. 13.
Allison Transmission to invest $42M in Chinese company’s public offering
Indianapolis-based Allison, which recently formed a partnership with Beijing-based Jing-Jin Electric, announced Wednesday that it will participate in Jing-Jin’s upcoming initial public offering.
Consumer advocate recommends denial of Indiana utility’s rate-hike request
Bill Fine, the Indiana Utility Consumer Counselor, wrote in a filing that “after receiving base rate increases in 2018 and 2020, I&M has not made the case for this increase at this time.”
U.S. unemployment claims fall to new pandemic low of 290,000
Unemployment claims are increasingly returning to normal, but many other aspects of the job market haven’t yet done so. Hiring has slowed in the past two months, even as companies and other employers have posted a near-record number of open jobs.
Carmel seeing flurry of new restaurants
Several new restaurants have either opened or are planning to open in Carmel, including a new Hawaiian-inspired cafe, a triple-concept eatery, a library coffeehouse and a milkshake shop.
City sets up first Black-led community development loan fund
Indianapolis is making preparations for its first Black-led Community Development Financial Institution, which will aim to offer businesses in economically disadvantaged communities access to capital and other help.