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Butler recruit Carlos 'Scooby' Johnson named 2020 Michigan Mr. Basketball

Scooby Johnson of Benton Harbor is the 40th Michigan Mr. Basketball, narrowly beating out Flint Beecher's Jalen Terry for the award.

      




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5 Indiana reasons to pay attention on Oscar night

Here are five Indiana reasons to pay attention to Academy Awards night.

      




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Some 5th District candidates rely on personal loans for campaigns amid coronavirus

Republican state Sen. Victoria Spartz had the biggest personal loan, giving her campaign $750,000 while raising under $10,000.

       




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A Fishers church will hold in-person services for small groups this weekend

While Indiana continues to see a rise in coronavirus cases, a Fishers church will resume in-person services.

       




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NASCAR, Chip Ganassi suspend Kyle Larson after driver uses racial slur in iRacing event

Kyle Larson's derogatory comments, which appeared meant for a private channel, went public Sunday night, and he's been suspended by his team and the series.

       




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Here's a look at each IndyCar driver's livery for the 2020 season

Get a glimpse of the IndyCar liveries for the 2020 racing season.

      




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What we know about IndyCar's planned 2020 season opener

The IndyCar Series released details Thursday regarding its 2020 season opener, scheduled for June 6 at Texas Motor Speedway at Fort Worth.

       




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IndyCar details plans for season-opener at Texas Motor Speedway, including no fans

IndyCar will host its season-opener at Texas Motor Speedway on June 6 as planned, but without fans and in a one-day show.

       




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Kevin Jones performs his song, "I Can See The Stars"

Kevin Jones performs his song, "I Can See The Stars" before the Tom Odell show at the Moroccan Lounge in Los Angeles.

      




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Tully: 3 lessons Todd Rokita should learn

Todd Rokita is running for the Senate with a campaign that could hardly be less senatorial. And that's not a good thing.

      




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The big PPI lesson for banks

The big lesson for the banks from today's decision by the British Bankers Association not to appeal against the high court ruling on Payment Protection Insurance is - funnily enough - very similar to the big lesson from the Great Crash of 2007-8.

Which is that if a bank runs its business on the basis of what the regulators' detailed rules allow - rather than on the basis of what is commercially sustainable and sensible - public humiliation and enormous losses are likely to be the bitter harvest.

In the case of PPI, much of what the banks have now acknowledged to be mis-selling seemed consistent with rules laid down by the regulator, the Financial Services Authority, in its handbook and its source book on the selling of insurance.

But the FSA argued that following the letter of these rules was a necessary but not sufficient guarantee that the banks were behaving property. The FSA argued that the big banks should have been more mindful of its over-arching principles, notably the imperative of paying due regard to the interests of customers and treating them fairly.

The banks appear to have been so seduced by the apparently huge profits available from insuring personal loans, mortgages and credit card debt that they pushed the insurance to all manner of unsuitable customers (the self-employed who could never make a claim for being made redundant, or those with pre-existing health conditions, that would invalidate claims, to name just two common examples).

"It is very difficult to justify how we behaved" said one senior banker. "You can't imagine supermarkets treating their customers in the way we treated ours. I know my colleagues think that so long as we followed what was in the FSA's handbook, we shouldn't be blamed. But my view is that we forgot the cardinal rule, which is that we're there to serve customers, not to shove something down their throats which they don't need".

This departure from the very basics of retailing is costing the banks very dearly indeed. Last week Lloyds - the market leader in PPI and the first of the big banks to say it would provide comprehensive restitution - said that the settlement would lead to a £3.2bn expense.

Today, Barclays has quantified the compensation and related costs at £1bn. There will be a similar charge for Royal Bank of Scotland. And HSBC has just said it is setting aside £274m to meet these costs.

In total for all the big banks, the costs are heading towards £6bn or so - and that's to ignore the compensation bill for hundreds of smaller firms which joined in the PPI mis-selling frenzy.

Now what's striking is that the PPI debacle shares strong cultural characteristics with the behaviour that took many of the world's banks to the brink of bankruptcy less than three years ago. During the boom years before the crisis of 2007-8, you won't need telling that banks lent and invested recklessly - to subprime borrowers, to commercial property, to each other, through off-balance sheet vehicles, in the form of "structured" products which delivered the illusion of quality (inter alia).

And much of this reckless lending and investing took advantage of the global Basel rules that give the official regulators' view of how much risk the banks were taking - and, as we now know, were catastrophically wrong.

But - many bankers belatedly concede - banks should have known better than to make their judgments on how to lend on the basis of the regulators' rules. They should have done what other commercial businesses do, which was to lend and invest on the basis of what would be sustainable and prudent for the long term.

Gaming or playing the Basel rules, and forgetting commercial common sense, led to disaster. It meant that Royal Bank of Scotland, in the autumn of 2008, looked like a sound bank as measured by the Basel rules, when to all intents and purposes it was bust.

Of course it is reasonable to blame the regulators for framing the rules badly. But many would say that the banks were more at fault for mindlessly running their businesses on the basis of what the rules allowed.

So what's the big lesson of both PPI and the 2007-8 crash? Well, it is probably that banks need to base everything they do on what is good for customers, shareholders and creditors in a fundamental sense - and not on what the rules allow them to do.

PS Apart from the banks, another group of firms - the claims management firms - look set to be burned by the banks' decision to chuck in the towel and pay compensation to 2.75m or so individuals who were mis-sold PPI insurance.

The banks will now set up operations to speedily process claims for compensation. So they would argue that there is no point in their customers using the services of claims management firms, because in doing so those customers would not gain any additional compensation but would have to pay commission to the claims handler.




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Cavin: Word of Bourdais deal spurs silly season talk

Frenchman reportedly leaving KVSH, kicking off IndyCar's driver movement for 2017

      




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Cavin: IndyCar season in review

Simon Pagenaud and Team Penske will be the featured honorees at Tuesday night's IndyCar Series awards ceremony at the Hilbert Circle Theatre (streamed on IndyCar.com beginning at 6:45 p.m.

       




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'Bolsonaro é líder mais isolado do populismo de direita hoje', diz pesquisador do extremismo político

Para Cas Mudde, que há três décadas estuda movimentos de ultradireita, presidente brasileiro pode sair politicamente enfraquecido da pandemia de covid-19.




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Os 6 casos envolvendo aliados ou família de Bolsonaro que ficam em evidência com mudança de comando da PF

Ex-juiz da Lava Jato, Moro anunciou sua demissão do governo e acusou o presidente Bolsonaro de tentar interferir em investigações.




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Bolsonaro terá 'centrão', mas impeachment pode avançar se houver apoio popular, dizem autores de pedido

Ciro Gomes (PDT), Kim Kataguiri (DEM), Joice Hasselmann (PSL), Alessandro Molon (PSB) e outros autores de pedidos de impeachment de Bolsonaro avaliam as chances do impedimento prosseguir no Congresso.




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6 momentos dos ataques de Bolsonaro contra a imprensa

Presidente reagiu mal a reportagens ou perguntas sobre o assassinato de Marielle Franco, baixo crescimento do PIB e denúncias contra seus filhos.




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Destruição de armas apreendidas cai no primeiro ano do governo Bolsonaro, aponta levantamento

Desde 2017, a intenção do poder público vinha sendo acelerar destruições, que evitam que armas caiam nas mãos do crime; órgãos públicos não sabem explicar a razão da queda.




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Os 15 capítulos na queda de braço sobre exames de covid-19 de Bolsonaro

O presidente do STJ, João Otávio Noronha, suspendeu decisão que obrigava o presidente Jair Bolsonaro a entregar laudos de exames para detectar se ele foi infectado pelo coronavírus.




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Hunter Dickinson likes that 'big-man factory' Purdue is prioritizing him

Purdue, along with Notre Dame, Gonzaga, Louisville and Kentucky are recruiting Dickinson. Duke is also in the mix but has yet to offer Dickinson.

       




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Trayce Jackson-Davis' return may push IU basketball back to top of Big Ten

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Damezi Anderson transfers from IU basketball to Loyola

Anderson, a 6-7 wing from South Bend, put his name in the transfer portal exactly a week ago.

       




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Charles Johnson, longtime supporter and volunteer for Warren Central, dies at age 79

Charles Johnson and his wife, Kay, rarely missed a boys or girls basketball game or football game at Warren Central. He died of the coronavirus.

       




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State's top QB prospect Donaven McCulley on his top five, lessons learned from basketball

While McCulley became a key part of Lawrence North's run in basketball, there is no doubt that his collegiate future is in football.

       




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Discover: Jacksonville

If you visit Fort Caroline National Memorial in Jacksonville, Florida, don't expect to see the eponymous fort itself; it's now beneath the waters of the St. John's River.




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Some 5th District candidates rely on personal loans for campaigns amid coronavirus

Republican state Sen. Victoria Spartz had the biggest personal loan, giving her campaign $750,000 while raising under $10,000.

       




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Indianapolis' stay-at-home order protest started with a father-son challenge

he idea for a protest that drew a few hundred people to the governor's residence Saturday started at high school teacher Andy Lyon's kitchen table.

       




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Doyel: Cowards had their say, and now it's Colts QB draft pick Jacob Eason's turn

Anonymous sources ripped Washington QB Jacob Eason, and ESPN gave the cowards their say after the Colts selected Eason in the fourth round Saturday.

       




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Colts cut losses, trade Quincy Wilson for sixth-round pick and take CB Isaiah Rodgers

Wilson flashed promise in Year 2 after being a second-round pick but was benched last season

       




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Insider: Colts draft Washington QB Jacob Eason in 4th round; is he the QB of the future?

Colts find developmental quarterback on Day 3 of Draft.

       




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Ballard: QB Eason has talent 'but has a long way to go'

Indianapolis Colts general manager Chris Ballard and coach Frank Reich discuss what they see in quarterback Jacob Eason.

       




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Insider: Colts already trying to temper expectations for Jacob Eason

Colts GM Chris Ballard: Let's slow down on anointing Jacob Eason the 'messiah.'

       




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Doyel and Derek podcast: Colts draft, ESPN-on-Eason crime, NBA coming back — sort of

Gregg got a boxing heavy bag for his birthday, and he's ready to beat up Derek — hey, that's what he said! — on the latest Doyel and Derek Podcast.

       




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New Colts quarterback Jacob Eason has spent his entire career under the weight of expectation

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Stock watch: Offseason additions have big ramifications on Colts veterans

Which Colts incumbents benefited the most from an offseason of change? And who's now in a tougher position than they were at season's end?

       




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Colts DE Kemoko Turay is ready to pick up where he left off in breakout season

Colts legend Robert Mathis rebuilt Kemoko Turay into a tactical, calculated missile instead of a grenade lobbed into the dark.

       




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Colts TE Doyle deals with challenges with offseason workouts

Indianapolis Colts tight end Jack Doyle discusses the challenges of working out during the pandemic.

       




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2020 NFL schedule: How Colts opponents have changed in offseason

Indianapolis Colts will play their AFC South foes twice each, and also the Baltimore Ravens and Green Bay Packers

       




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Thompson: Setting the Record Straight

After a court acquittal former Labor Secretary, Ray Donovan, was famously quoted as saying, “Which office do I go to to get my reputation back?” I’ve chosen pursuits that have put me under a microscope for public scrutiny. I was an Army Officer and after leaving the service I got […]




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IU football defensive end Madison Norris to transfer

High school football and track standout for the Royals appeared in two games for Hoosiers

       




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Tom Allen on a 2020 IU football season: 'I'm an optimistic guy'

Tom Allen discusses how the Hoosiers move toward the fall when they can't work together. 'It's a universal challenge.'

       




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IU basketball: Damezi Anderson enters transfer portal

After a record-setting career at South Bend Riley, he rarely cracked the Hoosiers lineup in two seasons.

       




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IU's Trayce Jackson-Davis indicates he's not declaring for NBA draft

The sophomore big man tweeted #Unfinished Business. He would have to declare for the draft Sunday night.

       




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Why new IU AD Scott Dolson is 'perfect person for that job' — from those that know him

"I know he is going to do a great job of continuing to move Indiana athletics in the right direction," Steve Alford said of Scott Dolson.

       




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IU releases guidelines for football season tickets during coronvirus

The renewal deadline is May 15 with 5% down to start. Refunds will be provided for unplayed games

       




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Trayce Jackson-Davis' return may push IU basketball back to top of Big Ten

What Trayce Jackson-Davis' decision to return to Bloomington for his sophomore season means for Archie Miller and the Hoosiers.

       




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Damezi Anderson transfers from IU basketball to Loyola

Anderson, a 6-7 wing from South Bend, put his name in the transfer portal exactly a week ago.

       




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State's top QB prospect Donaven McCulley on his top five, lessons learned from basketball

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Coronavirus wrecked Girl Scout cookie season. These Hoosier scouts are getting creative.

As coronavirus shutters cookie booths in Indiana and around the country, Girl Scouts take sales online and embrace an entrepreneurial spirit.

      




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What Indiana's reopening means for malls, retailers and personal services like hair salons

Indiana is reopening its economy after its coronavirus closures. Here's what shoppers should know about how malls, stores, salons and gyms will return