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Indiana economy predicted to outperform national economy in 2025

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Indiana economy predicted to outperform national economy in 2025


INDIANAPOLIS (WISH) — According to a new forecast by the Indiana University Kelley School of Business, the Indiana economy is on a sustainable path to growth.

Experts put together an economic outlook for 2025 that said 2024 had stronger than expected output, and considering the stronger output and improvements in inflation, Indiana is on track to “return to equilibrium” in 2025.

Phil Powell, an IU Kelley School of Business economist, contributed to the report.

“We are forecasting a pretty strong economy in 2025 for the nation,” Powell said. “And our state is going to perform better than the rest of the country.”

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Powell says Indiana is projected to do well thanks to new business sector growth.

“So, with interest rates coming down, this is helping manufacturing in Indiana, and that’s going to disproportionately drive our growth relative to the rest of the nation,” Powell said.

Powell said his research has not shown a correlation between what political party is in the White House and economic growth.

“When you look at the history of economic performance in the United States, there is really no statistically significant difference in who is in office,” Powell said. “So, when we build our economic forecasting models, it’s independent of who is going to win and lose an election.”

The lower cost of living fueling consumer purchases also helps Indiana’s economic growth.

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Brian Vander Schee, an IU Kelley School of Business marketing professor, contributed to the report.

“We’ve seen that there have been personal savings or an accumulation of wealth kinda saved up as a post-Covid period, but people continue spending as consumers, which helps the economy continue to grow, and we project that will continue into the new year,” Vander Schee said.

The Kelley School of Business will publish a detailed report of its 2025 economic outlook in December.
You can find that infomration in the Indiana Business Review.

For now, you can find more information about the report here.

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Indiana

Holiday train decorated with Christmas lights thrills crowd in Indiana

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Holiday train decorated with Christmas lights thrills crowd in Indiana


A holiday train decorated with Christmas lights thrilled locals in Indiana. Residents gathered to witness the CPKC Holiday Train, illuminated with colourful LED lights, as it passed through Ogden Dunes on November 26. Footage shows families eagerly waiting along the tracks. Moments later, the festive train arrived, featuring animated Christmas characters on its cargo cars, such as the Nutcracker, elves, reindeer, and Santa Claus, all accompanied by cheerful music to amplify the holiday spirit. Onlookers can be seen cheering at the dazzling spectacle. The Holiday Train is now in its 26th year, embarking on a four-week charity fundraising mission across the United States and Canada. It began its route in New Brunswick, Canada, on November 21, and is making its way through U.S. railways, from Maine to North Dakota.



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Todd’s Take: Kanaan Carlyle Makes A Welcome Return To The Indiana Rotation

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Todd’s Take: Kanaan Carlyle Makes A Welcome Return To The Indiana Rotation


BLOOMINGTON, Ind. – If ever there was a game Indiana’s men’s basketball team needed to win, it was a home game to start the Big Ten season against a Minnesota team that is still trying to find itself.

A loss against the Golden Gophers Monday would have had Indiana fans howling – and rightfully so. The constantly rebuilding Gophers – the transfer portal and NIL era have not been kind to the maroon-and-gold – are in a state of flux and were playing their first true road game of the season. The Gophers have already lost four games and Minnesota is an odds-on favorite to be one of the three Big Ten teams to miss the 15-team Big Ten Tournament in March.

So while a victory over Minnesota won’t help Indiana’s resume much, a loss would have deep-sixed it. So it was a must-win.

Early in Monday’s contest at Simon Skjodt Assembly Hall, it seemed the Gophers and Hoosiers were engaged in a contest of first-to-100 wins, not really a sustainable route to success.

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Both teams made their first 11 of 15 shots as defense was a concept that seemed lost on both teams. Yes, the offenses were decent, but the defenses were that bad. The game was going to go to the team that was able to figure out to get stops.

That’s where Indiana is at an advantage with its depth. It could call on Kanaan Carlyle off the bench.

After missing the last three games with an undisclosed lower body injury, Carlyle returned to the rotation on Monday – and not a moment too soon.

It’s no accident that Minnesota went into the deep freeze offensively shortly after Carlyle entered the game for the first time with 14:07 left in the first half. At the time, both teams were still in the ascendent offensively, but it didn’t last.

Starting with just under 12 minutes left in the first half, Carlyle was part of an Indiana five that turned the screws on the Gophers.

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Carlyle was at the center of the stand. Along with Trey Galloway, Bryson Tucker, Luke Goode and Oumar Ballo, Minnesota could not score.

Minnesota would miss seven shots in a row, the stopping power in what became a 16-1 run that gave Indiana the margin it needed to eventually earn an 82-67 victory.

“My teammates and my coaches threw a lot at me, just telling me to be more aggressive offensively and defensively, so just went out there and do whatever I can to win,” Carlyle said.

Carlyle was opportunistic with a steal in the first half, but his influence was felt less in statistical bona fides than it was in just having a defensive attitude on the floor.

“Every day we take pride in our defense. Woody (Indiana coach Mike Woodson) preaches defense, so I knew when I came here my job us going to be to be that two-way player, so I take pride in that individually and my teammates all encourage me and they be up there with me, so it’s easy for me to bring that energy when you got teammates behind you who bring the same energy,” Carlyle said.

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It’s something that comes and goes for the Hoosiers. Overall, Indiana’s defensive stats are relatively decent, including a field goal defense of 40% entering Monday’s game, good for 61st nationally.

However, it’s not consistent. Carlyle seems to smooth out those inconsistencies when he’s on the floor.

Carlyle got the chance to watch what Indiana does and doesn’t do well defensively and now has the opportunity to mold that into his own plan of attack.

“I feel like when we’re playing fast, when we’re all sharing the rock and we all play together, it works magic. When we’re all scoring the ball, when we all up playing defense and bring high energy, I don’t think there’s no team in the country that can beat us,” Carlyle said.

“When we do get comfortable, that’s when stuff starts to fall off and that’s when teams start to make their runs back, so we just got to make sure we put a good 40 minutes together where we play hard all 40 and not in spurts,” Carlyle added.

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If all Carlyle does for the Hoosiers is to make them better on the defensive end, that’s worth it alone, but Carlyle was also valuable on the offensive end as he had his most productive game in an Indiana uniform from a scoring standpoint.

Carlyle had 14 points, two better than his previous Indiana best in a game against South Carolina on Nov. 16. He was 3-for-6 from 3-point range, the only long range threat the Hoosiers had. Carlyle added five assists and three rebounds.

This is the player both the coaching staff and fans thought they were getting when Carlyle transferred from Stanford.

It will be interesting to see if Carlyle can use Monday’s game as a beachhead to better things. Indiana could really benefit from consistency from one of its guards.

So far, the Hoosiers have been getting good games from a guard or two per game, but it’s been inconsistent across the board for most of the backcourt. Witness the combined three points Myles Rice and Trey Galloway scored against the Gophers one game after they combined for 30 points.

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So if Carlyle can help deliver consistent production, so much the better for Indiana. And he doesn’t really care what role he has in doing it.

“I’m perfectly fine with coming off the bench. I want to win games, whether it’s being the sixth man, eighth man, tenth man starting two guard, I don’t care,” Carlyle said. “As long as we win, I’m here to do my job, to play defense and provide what I can on offense. That’s it.”



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Indiana Basketball Availability Report Against Minnesota

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Indiana Basketball Availability Report Against Minnesota


BLOOMINGTON, Ind. – Indiana has a few notable designations on the Big Ten availability report ahead of Monday’s game against Minnesota.

Sophomore guard Gabe Cupps is listed out, so he’ll miss his third straight game. Cupps didn’t score in his first four games on four attempts from the field, but he totaled three assists, two steals and rebounds. Without Cupps, Indiana will still have a deep group of guards in Myles Rice, Kanaan Carlyle, Trey Galloway, Bryson Tucker and Anthony Leal.

Senior center Oumar Ballo is listed questionable. He’s coming off a huge game in the Hoosiers’ 76-57 win over Miami of Ohio on Friday, putting up 14 points, 18 rebounds, six assists and two blocks. He’s averaging 12.7 points, 9.3 rebounds, 2.6 assists and 2.1 blocks per game on 67.7% shooting. If Ballo can’t play, that would likely mean more minutes for Langdon Hatton.

Cupps and Ballo were the only Hoosiers on the report, which means sophomore guard Kanaan Carlyle is available for Monday’s game. Carlyle missed the last three games with an undisclosed injury, but he started Indiana’s first six games and averaged 4.5 points on 27% shooting.

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