Prospects dimmed on Monday for the $25 billion bailout that U.S. automakers said they desperately need to get through a bleak and dangerous December.
As holiday spenders tighten up their gift-giving budgets for the upcoming holidays, members of the retail community are feeling the pinch. These numbers have led a number of businesses to cut down on holiday hiring.
This holiday season, however, consumers are searching for stores that will stretch their dollars. That’s good news for area thrift shops, which are experiencing an increase in sales.
MORGANTOWN, Ind. – Authorities are searching for two suspects in a central Indiana home invasion shooting that left an 84-year-old man dead and his 77-year-old wife wounded.
INDIANAPOLIS – The Indiana Court of Appeals upheld the constitutionality of the state’s “In God We Trust” license plate Monday, rejecting a claim that people who buy the plates should have to pay a $15 administrative fee charged for other specialty plates.
GREENSBURG, Ind. – Honda Motor Co. dedicated its first Indiana car assembly plant Monday against the backdrop of a slumping economy and a possible multibillion dollar bailout for the three largest U.S. automakers.
Bloomington residents will speak at 10 a.m. today with reelected U.S. Rep. Baron Hill’s office to discuss federal climate change legislation.
Three years ago Hurricane Katrina ravaged the Gulf Coast, but its damage disappeared from America’s focus. The problems of New Orleans and the rest of the Gulf Coast seemingly disappeared from the public forum, which leaves many unaware that severe problems still exist, particularly for the African-American community, said Beverly Wright, director of the Deep South Center for Environmental Justice in New Orleans and professor of sociology at Dillard University in a speech Monday.
After 100 years, there is still a struggle to reach students, but there’s hope for the future, IU administrators, School of Education faculty and education students said Monday. They represented the past and the future of education at the School of Education’s 100 year commemoration.
On Nov. 14, President-elect Barack Obama uploaded his first weekly address to YouTube. While he won’t take office for a few months, Obama addressed his hope that Congress will provide aid to those suffering from the economic crisis. He also went so far as to say that if the problem is still there when he took office, it will be his first priority. The video strikes up an immediate comparison to Roosevelt’s fireside chats in the 1930s. While I doubt families will huddle around the computer with warm cups of cocoa to watch, it is an excellent move on Obama’s part.
You need to install a bomb shelter. That’s right. A bomb shelter. Now, hear me out. This will be crucial for several reasons. First, you will be protected from the vast majority of terrorist attacks. Security officials from both the United States and Europe are warning of a “spectacular” attack during the upcoming presidential transition period. Bombs, anthrax and airplanes – none of these are effective against an underground steel box.
“‘Twilight’ makes me feel old.” That was the first line of the column that I was going to write for this week. I was going to write about how the Harry Potter premiere being replaced by “Twilight” marked the end of my generation’s youth. Then I realized that I was wrong. My youth had already ended.
Those who feared a precedent from the recent financial sector bailout can now say they told us so. Detroit automakers, specifically GM, Ford and Chrysler are asking for some $25 billion to keep them from going bankrupt within the next six months. They might fail without the money, but that doesn’t mean we should give it to them. The problems with America’s auto industry are not rooted in the financial crisis, although the recent recession has certainly exacerbated them. No, these companies have run themselves into the ground through their refusal to innovate. Overbearing union contracts and government guarantees have made the big three bloated and inefficient. They have been shedding jobs for a long time, in both good times and bad, even while foreign competitors were expanding all over the United States . In fact, the new auto manufacturing facilities that have popped up in Indiana have not come from Detroit but rather the foreign-based Toyota and Honda.
This business about the Sunday ban on bottled alcohol sales is back in the news. The law, a remnant from the colonial era, remains a simmering inconvenience for some weekend shoppers but is not significant enough to warrant the effort required to change it, at least in Indiana. It looks as though repealing the outdated state law, which prohibits alcohol sales in grocery and liquor stores – but not in restaurants and bars – on Sundays, might be gaining support among general election voters, according to an October poll conducted by the Indianapolis Star and WTHR.
UPDATED (2:35 p.m.) WASHINGTON — Federal regulators have charged IU alumnus and Dallas Mavericks owner Mark Cuban with insider trading for allegedly using confidential information on a stock sale to avoid more than $750,000 in losses.PDF: SEC vs Mark Cuban
The 20-year-old woman who died Saturday morning after a fall from a parking garage on Seventh and Walnut streets was identified as Madeline Margaret Krause, said Bloomington Police Department Sgt. Jeff Canada. IU people find has Krause listed as an IU student.
About 250 Hoosiers gathered on the Monroe County Courthouse lawn for two hours on Saturday afternoon to protest California’s recently passed Proposition 8, the amendment to California’s constitution that eliminated the right of same-sex couples to marry.
Like a broken record, IU’s season is beginning to get repetitive. For the seventh time this season, the Hoosiers out-shot their opponent but failed to capture a win. For the fourth time this season, the Hoosiers came close to vanquishing a conference foe, only to fall short. For the third time this season, the Hoosiers could not build on a three-game winning streak.
Tom Crean’s stomach was rumbling.He’d coached in plenty of big games during his nine years at Marquette and had already led the Hoosiers to two home victories in the exhibition season, but the coach’s insides were tossing and turning before Saturday’s game.SLIDESHOW: IU vs. Northwestern State
INDIANAPOLIS – With one quick swipe of his left arm, Joseph Addai nearly knocked the microphone right off the podium. He’s not used to these post-game press conferences. Following Sunday’s 105-yard rushing performance in Indianapolis’ 33-27 win against Houston, Addai made an appearance at one for the first time in a long time.
