Kurt Koehler, founder and president of AlGalCo, shows his HOT (Hydrogen on Tap) system.

Since 1998, the city of Carmel has spent more than $250 million to build 126 roundabouts in the city. But data doesn't prove safety claims.

Restaurant owner Roxy Taschuk wasn’t optimistic about the state of her industry when the COVID-19 pandemic hit.

Robert Wickens made the surprise charge of the race, taking eighth, but it was Scott McLaughlin clinching his first IndyCar victory of any sort Saturday.

The IndyCar schedule has undergone another massive change, but this time, the series has managed to add a race back onto the slate.

In its first shot at an esports broadcast on cable TV, IndyCar produced viewership numbers in line with latest esports trends.

Another NASCAR legend will join IndyCar's iRacing Challenge event on Saturday, the first one held on an oval track.

Though he never won an entrant title, Gene Nolen was known in the USAC racing world as one of the series' best owners.

With a brilliant fuel strategy resulting from an early crash, Simon Pagenaud won IndyCar's iRacing Challenge race at Michigan International Speedway.

Broadcast on NBC Sports for the second consecutive week, IndyCar's iRacing audience grew 25% from the previous week.

When Rahal bought the estate in November of 2017 for $6.1 million, it was the most expensive home ever sold in the city.

After four races in its six-race iRacing Challenge, IndyCar fans may be starting to lose interest in the esports version of the sport.

McLaren Formula 1 driver Lando Norris becomes the latest special guest driver in IndyCar's iRacing Challenge.

Once again, Simon Pagenaud's patient in-race strategy paid dividends during the late chaos for a second consecutive victory in IndyCar's iRacing Challenge.

The two young drivers rose to stardom driving for Carlin Racing in Europe's several lower Formula series from 2015-16.

In his first dip into the IndyCar world, McLaren Formula 1 driver Lando Norris beat series regulars at Circuit of the Americas.

The series includes 26 drivers ages 40 and up who either made their names in racing decades ago or are still in the cockpit.

Multiple late wrecks allow McLaughlin to capitalize

Penske has seen his company's stock price fall by 40%, his new racing series suspended and the Indy 500 scheduled outside of May for the first time

IndyCar is scheduled to open its 2020 season on June 6, but one month from that date, the Texas Motor Speedway president can't guarantee a race.

In a career not without mistakes and disappointments, Larry Curry showed sparks of brilliance during his IndyCar career that spanned five decades.

Former atheist and Hall of Fame golfer, Nancy Fitzgerald, talks about her world-wide ministry to help teens live the Christian life.

Reunited with Barbara and their daughter Robin

Funding for Trump's border wall is met with resistance

School bucks the trend of a lack of money and student interest that has forced many high school newspapers to fold.

Shortridge High School's The Daily Echo newspaper staff talks about reviving the oldest school newspaper in the country.

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

Once again, Indiana government officials are pushing plans to increase logging in state forests.

An effort to have a legislative hearing on a bill to check the power factory farms have over the communities they pollute died quietly in recent days.

The 22-year-old rider from Brownsburg became the youngest time trial winner — with the biggest margin — in the history of road cycling's World Championships.

Allison Bosse scored 23 points to lift the Bulldogs over Mooresville, 51-42, in Tuesday's sectional opener.

Austin Burgett, a former Avon High School star, is rejuvenated in part by working out with IU women's basketball legend Tyra Buss.

The Western world remains where it has been for some time, delicately poised between anaemic recovery and a shock that could tip us back into economic contraction.

Perhaps the most conspicuous manifestation of the instability is that investors can't make up their minds whether the greater risk comes from surging inflation that stems largely from China's irrepressible growth or the deflationary impact of the unsustainable burden of debt on peripheral and not-so-peripheral eurozone (and other) economies.

And whence do investors flee when it all looks scary and uncertain, especially when there's a heightened probability of specie debasement - to gold, of course.

Unsurprisingly, with the German finance minister, Wolfgang Schauble, implying that a writedown of Greece's sovereign obligations is an option, and with consumer inflation in China hitting 5.4% in March, there has been a flight to the putative safety of precious metal: the gold price hit a new record of $1,480.50 per ounce for June delivery yesterday and could well break through $1,500 within days (say the analysts). Silver is hitting 30-year highs.

In a way, if a sovereign borrower were to turn €100bn of debts (for example) into an obligation to repay 70bn euros, that would be a form of inflation - it has the same economic impact, a degradation of value, for the lender. But it is a localised inflation; only the specific creditors suffer directly (though there may be all sorts of spillover damage for others).

And only this morning there was another blow to the perceived value of a chunk of euro-denominated sovereign obligations. Moody's has downgraded Irish government debt to one level above junk - which is the equivalent of a bookmaker lengthening the odds the on that country's ability to avoid controlled or uncontrolled default.

Some would say that the Irish government has made a start in writing down debt, with the disclosure by the Irish finance minister Michael Noonan yesterday that he would want to impose up to 6bn euros of losses on holders of so-called subordinated loans to Irish banks.

But I suppose the big story in the eurozone, following the decision by the European Central Bank to raise interest rates, is that the region's excessive government and bank debts are more likely to be cut down to manageable size by a restructuring - writedowns of the amount owed - than by generalised inflation that erodes the real value of the principal.

The decision of the ECB to raise rates has to be seen as a policy decision that - in a worst case - a sovereign default by an Ireland, or Greece or Portugal would be less harmful than endemic inflation.

But is that right? How much damage would be wreaked if Greece or Ireland or Portugal attempted to reduce the nominal amount they owe to levels they felt they could afford?

Let's push to one side the reputational and economic costs to those countries - which are quite big things to ignore, by the way - and simply look at the damage to external creditors from a debt write down.

And I am also going to ignore the difference between a planned, consensual reduction in sums owed - a restructuring that takes place with the blessing of the rest of the eurozone and the International Monetary Fund - and a unilateral declaration of de facto bankruptcy by a Greece, Ireland or Portugal (although the shock value of the latter could have much graver consequences for the health of the financial system).

So the first question is how much of the impaired debt is held by institutions and investors that could not afford to take the losses.

Now I hope it isn't naive to assume that pension funds, insurance companies, hedge funds and central banks that hold Greek, or Irish or Portuguese debt can cope with losses generated by a debt restructuring.

The reason for mild optimism in that sense is that those who finance investments made by pension funds and insurers - that's you and me by the way - can't get their money out quickly or easily. We simply have to grin and bear the losses to the value of our savings, when the stewards of our savings make lousy investment decisions.

As for hedge funds, when they make bad bets, they can suffer devastating withdrawals of finance by their investors, as and when the returns generated swing from positive to negative. But so long as those hedge funds haven't borrowed too much, so long as they are not too leveraged - and most aren't these days - the impact on the financial system shouldn't be significant.

Finally, if the European Central Bank - for example - ends up incurring big losses on its substantial holdings of Greek, Portuguese and Irish debt, it can always be recapitalised by solvent eurozone nations, notably by Germany and France.

However this is to ignore the node of fragility in the financial system, the faultline - which is the banking industry.

In the financial system's network of interconnecting assets and liabilities, it is the banks as a cluster that always have the potential to amplify the impact of debt writedowns, in a way that can wreak wider havoc.

That's built into their main function, as maturity transformers. Since banks' creditors can always demand their money back at whim, but banks can't retrieve their loans from their creditors (homeowners, businesses, governments), bank losses above the norm can be painful both for banks and for the rest of us.

Any event that undermines confidence in the safety of money lent to banks, will - in a best case - make it more difficult for a bank to borrow and lend, and will, in the worst case, tip the bank into insolvency.

Which, of course, is what we saw on a global systemic scale from the summer of 2007 to the end of 2008. That's when creditors to banks became increasingly anxious about potential losses faced by banks from a great range of loans and investments, starting with US sub-prime.

So what we need to know is whether the banking system could afford losses generated by Greek, Irish and Portuguese defaults.

And to assess this, we need to know how much overseas banks have lent to the governments of these countries and also - probably - to the banks of these countries, in that recent painful experience has told us that bank liabilities become sovereign liabilities, when the going gets tough.

According to the latest published analysis by the Bank for International Settlements (the central bankers'central bank), the total exposure of overseas banks to the governments and banks of Greece, Portugal and Ireland is "just" $362.2bn, or £224bn,

Now let's make the heroic guess that a rational writedown of this debt to a sustainable level would see a third of it written off - which would generate $121bn (£75bn) of losses for banks outside the countries concerned.

If those loans were spread relatively evenly between banks around the world, losses on that scale would be a headache, but nothing worse.

But this tainted cookie doesn't crumble quite like that. Just under a third of the relevant exposure to public sector and banks of the three debt-challenged states, some $118bn, sits on the balance sheets of German banks, according to the BIS.

For all the formidable strength of the German economy, the balance sheets of Germany's banks are by no means the strongest in the world. German banks would not be able to shrug off $39bn or £24bn of potential losses on Portuguese, Irish and Greek loans as a matter of little consequence.

This suggests that it is in the German national interest to help Portugal, Ireland and Greece avoid default.

If you are a Greek, Portuguese or Irish citizen this might bring on something of a wry smile - because you would probably be aware that the more punitive of the bailout terms imposed by the eurozone on these countries (or about to be imposed in Portugal's case) is the expression of a German desire to spank reckless borrowers.

But as I have mentioned here before, reckless lending can be the moral (or immoral) equivalent of reckless borrowing. And German banks were not models of Lutheran prudence in that regard.

If punitive bailout terms make it more likely that Ireland, Greece or Portugal will eventually default, you might wonder whether there has been an element of masochism in the German government's negotiating position.

A clutch of big company results today illustrate the big economic trends in the UK and the world - and also say something about what the UK economy needs if its insipid recovery is to become something a bit stronger.

First the good news.

ARM, the world-leading designer of electronic chips for smartphones, tablets and consumer devices, saw revenues rise 29% in the first three months of the year and profits increase 35% (to £51m).

If we had a few more ARMs in this country, we would be agonising less about the imperative of "rebalancing" the structure of our wealth-creation away from financial services and the City.

That said, we'd need an incredible number of ARMs to make a dent in the high unemployment figures, because ARM simply licences its technology to the likes of Apple and LG, which put the chips into their devices. Or to put it another way, ARM's success is in exploiting the grey matter of a few boffins: it manufactures nothing.

Now part of the drag on Britain's recovery is the burden of debt on households and the impact of rising commodity prices on consumers' spending power.

You can see some of that in the first half figures of Associated British Foods, which points out that world sugar prices are at a 30-year high and that there has been a sugar shortage in Europe. ABF's sugar, grocery and agriculture profits were up substantially (sugar by 27%).

ABF's Primark chain of shops, whose prices tend to be the lowest on the high street, seems to have benefited from shoppers desire to trade down and economise, since underlying or like-for-like sales rose 3%. But although that looks okay compared with competitors, it was half the rate of last year's increase.

A further manifestation of all that borrowing in the euphoric years, before the bubble burst in 2007-8, is another set of uninspiring financial results from Heathrow and Stansted airports, and their holding company, BAA (SP) limited.

The losses of the two London airports increased 8% to £211.5m and net debt in BAA (SP) was flat at a substantial £9.9bn. Net debt at the next corporate level up, BAA (SH) plc was a chunky £10.4bn, against a regulated asset base of £13bn (which moved in the right direction by 2.7%).

BAA was acquired by the Spanish group Ferrovial and partners at the height of the debt-fuelled buyout boom of 2006 - and although BAA would argue that operational performance has improved, there is a question about when if ever the owners will ever see a return on their enormous investment.

Meanwhile, in spite of the rising trend of commodities and energy, including oil, BP's profits in the first three months of the year actually fell a fraction to $5.5bn. You can see the impact of higher oil prices in a near trebling of profits to $2.1bn made in refining and marketing - but there was a significant fall in production, some of it related to the Gulf of Mexico disaster.

The fundamental BP story is that the risks and costs of extracting energy are on a secular rising trend - for which we all pay a price.

Last but never least is Barclays and its figures for the first quarter of 2011 - which show top line income lower than the first quarter of last year and below the last quarter of last year. As for profits, they were up a bit or down a bit, depending on what view you take of whether changes in the notional value of Barclays' own borrowings should be included.

The unambiguous trend is a sharp reduction in the charge of debts and investments going bad - which was 39% lower compared with a year ago and 33% down on a three-month comparison.

As for lending, loans to retail customers rose by just under £1bn to £229bn since the end of 2010 - which is neither here nor there for a bank of Barclays' size. And the overall value of Barclays' loans and investments, on a risk-weighted basis, fell 1.5% over 12 months to £392bn.

For Barclays and other big western banks, it's no longer about growing their balance sheets, about lending more and more. Their long term recovery requires deleveraging, shrinking, which is the corollary of the perceived need for western consumers and governments to pay down their respective debts.

Here's the painful part: we may need banks to become smaller, but we all suffer if in the process they starve job-creating businesses of vital finance.

Those who fear the worst won't be reassured by figures just released by the British Bankers Association (BBA), which show that net lending to non-financial businesses by banks fell £3.2bn in March.

The BBA blames weak demand from companies. And although Barclays and the other banks have promised the Treasury, in their Project Merlin agreement, that they will meet the credit needs of the economy, my electronic postbag indicates that there remains quite a gap between their perception of deserving borrowers and yours.

Update 11:15: As some of you have pointed out, ARM saw its profits increase to £51m not £51bn, as I originally said, whilst losses at the two London airports increased to £211.5m, not £211.5bn. Sorry for my brainstorm. I've probably been dealing in billions a little too often recently - due to the magnitude of our recent financial crisis.

INDIANAPOLIS – A pair of Team Penske drivers for one Verizon IndyCar Series championship. That's what awaits Sonoma Raceway for next week's season finale.

SONOMA, Calif. — Simon Pagenaud's excellence this Verizon IndyCar Series season can be summed with two words: One mistake.

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.

Schools across the state are suspending in-person instruction, canceling travel and asking students to stay away.

Schools across the state are closed until at least May 1, and it's possible that will be extended so students finish the year at home.

Colleges across Indiana are navigating how to handle refunds for students who have had to vacate residence halls during the COVID-19 pandemic.

The city of Indianapolis is offering discounted child care services to families of first responders. Here's why healthy practices are so important to combat the coronavirus.

The April Fools' prank is being shared in Indiana and other states across the nation.

At Indiana University, the invincibility of youth and the freedom of college life are shattered by a school year cut short.

Governor Holcomb announced schools will be closed for the rest of the school year, but districts are committed to continue providing meals for kids.

Indiana colleges and universities are getting millions in federal CARES Act dollars but say they need more guidance on how to spend it.

Indiana colleges and universities talk plans for the fall as campuses remain empty statewide

As colleges look to the fall semester, they're faced with the uncertainty of what it will look like. But plans are underway.

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.

Observadores do setor preveem mudanças nos aeroportos e no tráfego de pessoas, além de temer demissões em massa, em meio a uma grande incerteza sobre o futuro próximo.

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.