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Doyel: March Madness was the Titanic and there was no way to avoid that coronavirus iceberg

People are mad, and want answers from NCAA president Mark Emmert about canceling March Madness without postponing it first. So let's ask him.

      




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U.S. sprinter Jesse Owens tied a world record at Hinkle Fieldhouse 85 years ago today

Eighty-five years ago Monday, Jesse Owens tied the 60-yard dash world record at the Butler Indoor Relays at Hinkle Fieldhouse.

      




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Jordan Tucker announces he will leave Butler, enter NBA draft process

Jordan Tucker is second Butler player to announce decision to leave this offseason.

      




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Vivica A. Fox: Through the years with the Indianapolis actress

Arlington High School alum Vivica A. Fox will speak at 7:15 p.m. Saturday, Feb. 10, as part of the Meet the Artists opening reception at Indianapolis Central Library. Her book, "Every Day I'm Hustling" will arrive in stores April 3.

      




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How an e-cigarette store owner is making his businesses essential during coronavirus

Many businesses have had to change course during the coronavirus lockdown but few as quickly this e-cig maker who now makes hand sanitizer.

       




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This non-essential business owner had to close, so he started bottling hand sanitizer instead

When coronavirus precautions forced Shadi Khoury's non-essential business, Indy E Cigs, to stop production, he began bottling hand sanitizer instead.

       




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A Kid Again helps families of children with life-threatening illnesses

Bill Titus, chair of the advisory board of A Kid Again Indiana, lists the fun events planned for families of children with life-threatening illnesses.

      




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Tully: A conservative with a message for the media

Chris Hirschfeld has a message for the media: Stop stereotyping conservatives.

      




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Tully: Yet another heartless, senseless move by Trump

President Trump's latest immigration decision shows a lack of heart and common sense.

      




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Tully: Amid Trump's ugliness, wise words at St. Thomas Aquinas Church

St. Thomas Aquinas Church has long worked with communities in Haiti and Africa. The church responded to the president's recent comments.

      




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Tully: As Congress fights, a Dreamer just wants to 'pay it forward'

Sandy Rivera is one of roughly 800,000 DACA program participants whose futures hang in the balance of a congressional debate.

      




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Tully: In the fight against gun violence, can't we reach for greatness?

The latest school shooting seemed to come with a feeling of resignation that nothing will change. We can't let that feeling dominate.

      




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Tully: 'Relentless' education champion David Harris on leaving The Mind Trust

A big change in Indianapolis' education landscape is a reminder of how much things have improved in recent years.

      




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Tully: From Luke Messer, a welcome dose of sanity

Senate candidate Luke Messer airs a new TV ad. It's refreshing because it doesn't demean the opposition and doesn't aim to anger primary voters.

      




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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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In memory of Matt Tully, Indiana delegation introduces stomach cancer awareness resolution

The Indiana congressional delegation introduced a House resolution expressing support for the goals and ideas of ''Stomach Cancer Awareness Month."

       




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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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'Business absolutely as normal' for Power, Pagenaud

SONOMA, Calif. – For a weekend with an IndyCar Series championship on the line and a season climaxing at Sonoma Raceway, there might not be two more relaxed drivers than Simon Pagenaud and Will Power.

       




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Coronavírus: 'Países vão ter que se endividar para salvar o emprego e a vida das pessoas', diz presidente do BID

Para Luis Alberto Moreno, pandemia deixou ainda mais evidente a desigualdade da América Latina e mostrou necessidade de se investir na saúde pública regional.




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Por que 1ª pessoa infectada por coronavírus no Brasil pode nunca ser descoberta

Especialistas apontam que propagação de vírus pode ter começado antes de 25 de fevereiro, quando primeiro paciente foi diagnosticado com a covid-19.




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Quanto tempo uma pessoa leva para se recuperar da covid-19

Recuperação pode ser um processo lento, dependendo da gravidade do quadro.




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Família de Aldir Blanc desmente Regina Duarte e diz que recebeu condolências de assessor

Em entrevista à CNN Brasil, secretária Especial da Cultura diz que optou por mandar mensagens privadas às famílias, em vez de fazer homenagens públicas.




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Como convencer as pessoas a lavar as mãos? Causar nojo nelas parece ser o jeito mais eficaz

Há milhões de pessoas que não lavam as mãos infiltradas entre nós, mesmo com acesso a água encanada e sabão. Mas por que elas não incorporam esse simples hábito de higiene, e como podemos mudar suas cabeças?




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Remessas de brasileiros nos EUA caem até 90%, mas podem aliviar auge da crise no Brasil

Como crise atingiu primeiro americanos, na opinião de analistas e operadores de empresas de remessas migrantes devem se recuperar financeiramente a tempo de socorrer familiares em suas cidades originais.




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Eta Aquáridas: a impressionante chuva de meteoros do cometa Halley que atinge seu clímax nesta semana

Passagem da Terra pela trilha de resquícios do cometa Halley traz espetáculo de chuva de meteoros todos os anos; países da América do Sul estão entre os melhores posicionados para assistir a esse show noturno.




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Coronavírus: 'Devo usar máscara? Posso pegar duas vezes?' Essas e outras perguntas sobre a covid-19

BBC preparou lista de perguntas e respostas sobre covid-19.




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Coronavírus: os sete tipos de pessoas que inventam e disseminam fake news

Investigamos centenas de histórias enganosas durante a pandemia. Isso nos deu uma ideia sobre quem está por trás da desinformação - e o que os motiva. Aqui estão sete tipos de pessoas que iniciam e espalham falsidades.




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Why 'aggressive' IU basketball target Anthony Harris says Hoosiers would be a good fit

Victor Oladipo made the move from Team Takeover to IU star. Hoosiers have their sights set on another guard from his AAU team.

      




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IU football: New defensive line coach Kevin Peoples represents impressive coaching tree

Kevin Peoples has been mentored by Pete Jenkins, a defensive line master for decades.

       




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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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Cathartic recession?

Is there such a thing as a "cathartic recession"? A recession that purges the demons of excess from the economy and punishes the badly-behaved for their sins? I'm not sure there is. But I unwittingly found myself in an argument...



  • Notes on Real Life

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Indiana 5th Congressional District: Republican candidates on debt, gun control and more

IndyStar reached out to every candidate to ask questions about topics Hoosiers care about. Here's what the Republicans on the ballot said.

      




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'Stay home': Holcomb elevates Indiana response by shutting down nonessential businesses

Indiana on Monday joined a handful of states, including several of its neighbors, by shutting down nonessential travel and businesses.

      




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Indiana, once a last bastion of blue laws, considers alcohol sales 'essential'

Indiana was among the last states to give up blue laws. Now, in response to the COVID-19 outbreak, alcohol is considered an essential product

      




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Indiana black caucus wants governor to address high coronavirus rate among African Americans

In Indiana, African-Americans make up a disproportionate amount of positive cases and deaths from the COVID-19 , a troubling trend that's mirrored nationally.

       




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Exclusive: Trey Hollingsworth clarifies comments that sending Americans back to work is lesser of two evils

Indiana Congressman Trey Hollingsworth says it's a false choice between accepting widespread casualties or reopening the economy.

       




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How Holcomb will work with other governors, businesses to reopen Indiana

Gov. Eric Holcomb will partner with other Midwestern states as they coordinate reopening their economies in phases as soon as early May.

       




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Governor reaches out to business organizations to talk safety as he considers reopening economy

Gov. Eric Holcomb has begun reaching out to the business community to learn how to begin reopening the economy as safely as possible.

       




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'I was wrong': Mother Teresa lawyer addresses 2016 ad in dust-up with Indiana campaign

Florida attorney Jim Towey, who represented Mother Teresa for over a decade, said he regrets using her image in a 2016 ad for a U.S. House candidate.

       




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Colts hold virtual sessions during pandemic

Indianapolis Colts linebacker Darius Leonard discusses the team's workouts during the pandemic.

       




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Colts send message to Malik Hooker: He hasn't earned their trust — yet

Safety Malik Hooker now only under contract with the Colts through 2020 season

       




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Darius Leonard won't be happy unless he makes history with Colts

Leonard has made 284 tackles, 12 sacks and seven interceptions in his first two years, but says he only met 3 or 4 of his 15 goals last year.

       




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Press Release: Gov Sets Special Election

  OFFICE OF THE GOVERNOR Governor Kim Reynolds « Lt. Governor Adam Gregg FOR IMMEDIATE RELEASE: Wednesday, June 21, 2017 CONTACT: Brenna Smith, (515) 281-5211 Gov. Reynolds sets Iowa House District 82 special election for August 8 (DES MOINES) – Gov. Kim Reynolds signed a proclamation Wednesday setting the date […]




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Blessed Are The Peacemakers

We must rediscover the bonds of love and loyalty that brings us together as Americans. Racism is evil, and those who cause violence, in its name, are criminals and thugs, including the KKK, Neo-Nazis, White Supremacists, and any other hate groups that are repugnant to everything we hold dear as […]




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ABB reports participation in Dividend Access Facility 2020

2020-03-23 -




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IU football: New defensive line coach Kevin Peoples represents impressive coaching tree

Kevin Peoples has been mentored by Pete Jenkins, a defensive line master for decades.

       




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Tennessee prep standout Chloe Moore-McNeil commits to IU women's basketball

Indiana women's basketball roster retooling has hit overdrive the past few days.

       




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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.

       




ess

IU football: New defensive line coach Kevin Peoples represents impressive coaching tree

Kevin Peoples has been mentored by Pete Jenkins, a defensive line master for decades.

       




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'They still want you to come in': Some workers, businesses disagree on what's 'essential'

Some employees disagree with employers who say their businesses are essential. Experts say the definition's gray area makes it hard for workers.