Top Dem sees tough pathway for $3.5T social, climate plans
The real test will be when Democrats write and vote on subsequent legislation actually enacting the party’s priorities into specific spending and tax policies.
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Lumber drops to nine-month low, extending retreat from record
The tumble marks a stark turnaround for the common building material after strong U.S. construction demand during the pandemic spurred a surge in orders for lumber, causing prices to more than quadruple to their May peak and fueling inflation concerns.
Colts extend deals of GM Chris Ballard, coach Frank Reich
In Ballard’s four years overseeing football operations, Indianapolis has posted two double-digit win seasons with playoff appearances. Those teams were coached by Reich.
Rolls-Royce celebrates completion of $600M in upgrades to local manufacturing campus
The $600 million project, announced in 2015, included upgrades to the facilities, machinery and manufacturing processes at Rolls-Royce’s Indianapolis operations. A pandemic-delayed celebration of the project is scheduled to take place Wednesday afternoon.
Turner Woodard buys home of indoor karting complex in Speedway
The real estate investor and racing enthusiast has closed a deal with former IndyCar driver Sarah Fisher and her husband that will help them to continue growing their karting business.
Indiana reports 2,507 new COVID-19 cases, 19 more deaths
The seven-day moving average of new deaths rose from six to eight, the Indiana State Department of Health said on Wednesday.
Samsung slashes prices in bid to boost foldable phone sales
Samsung is hoping less expensive but more durable versions of its foldable phones will broaden the appeal of a high-concept design that’s so far fizzled with consumers.
Plan to replace aging postal truck fleet delayed by lawsuit
The primary fleet of vehicles—dating to 1987—was due to be replaced under a new contract but the winning bid for the new trucks is being challenged.
U.S. consumer prices rose in July but at slower pace
Rising inflation has emerged as the Achilles’ heel of the economic recovery, erasing much of the benefit to workers from higher pay and heightening pressure on the Federal Reserve’s policymakers under Chair Jerome Powell, who face a mandate to maintain stable prices.
Indiana lawmakers poised for final stop on redistricting listening tour
State lawmakers will convene at the Statehouse on Wednesday for a final hearing before drawing the new district maps.
NCAA picks 23-member committee to reform its constitution
The panel was announced less than two weeks after the NCAA’s Board of Governors called for a constitutional convention to reform the way sports are governed by an organization with more than 1,100 member schools and some 450,000 athletes.
Federal judge rules against several Indiana abortion laws
The anti-abortion group Indiana Right to Life denounced the decision as “judicial activism at its absolute worst.”
In-person gamblers lifting U.S. casino market to its best year
Only four states, Nevada, Mississippi, New Jersey and Pennsylvania, took in more gambling revenue than Indiana during the first half of the year.
Bullard: Robust job growth supports Federal Reserve tapering ‘soon’
Federal Reserve official James Bullard’s comments echo other recent calls from inside and outside the Fed that the central bank should start dialing back its ultra-low interest rate policies.
Supply-chain squeeze contributes to 2Q loss for Calumet Specialty
The Indianapolis-based manufacturer posted a $78.4 million loss in the second quarter.
Allegiant adding nonstop flight between Indy and California resort city
The new flight is part of a 22-route expansion that Allegiant announced on Tuesday.
Senate passes $1T infrastructure bill, which faces uncertain future in House
Lawmakers in the bipartisan coalition showed they were willing to set aside political pressures, eager to send billions to their states for rebuilding roads, broadband internet, water pipes and the public works systems that underpin much of American life.
COVID-19 cases, hospitalizations, deaths surging in Indiana
The state reported 27 new deaths from COVID, the largest number of new deaths in the daily report since 28 were reported on March 12.
High trust in doctors, nurses found in new national survey
Researchers say that trust could become important in the push to increase COVID-19 vaccinations, as long as unvaccinated people have care providers they know and are open to hearing new information about the vaccines.
Pyramid Place shopping center changes hands for $10.6M
Chicago-based Cloverleaf Group now owns three retail plazas in the Indianapolis area. Pyramid Place boasts a high density of nearby homes, offices, industrial sites, health-care facilities and highway traffic.