Connect with us

Indiana

Morton Marcus: How well is Indiana doing? – Daily Journal

Published

on

Morton Marcus: How well is Indiana doing? – Daily Journal


Our state cheerleaders, fairly naturally, are proclaiming Indiana is sizzling. They imply we’re engaging to corporations desirous to find amenities for future manufacturing. We can’t confirm their statements. All we are able to do is have a look at the proof at hand.

Nationally, we hear California is dead-in-the-water with residents and companies fleeing for Texas and Idaho. Likewise, if Illinois is a rotting ship, are these rats shifting to Indiana?

There are such a lot of methods of analyzing proof search for “the reality.” Let’s strive GDP, or gross home product, our imperfect measure of financial exercise.

Advertisement

How have the states fared, leaping the hole between 2019 and 2021?

Nationally, GDP, adjusted for inflation, grew by 3% between 2019 and 2021. This was the results of a decline of two.8% in 2020, however a development of 5.9% in 2021.

What? Actual GDP fell by simply 2.8% in 2020? Yeah. Whereas we reduce on spending for providers — down 6.6% in 2020 — we would have liked greater TVs, quicker computer systems and extra stuff — spending on sturdy items up 10%. Our efforts to battle the unhealthy contributed to extra financial exercise.

That’s what it’s about GDP. It measures what we do. It doesn’t decide whether or not we’re having fun with what we do. GDP is morally and ethically impartial. We purchase cigarettes this 12 months and medical providers later. We purchase high-quality artwork and porn.

California alone contributed 25% of the nation’s development in Actual GDP between 2019 and 2021. Indiana accounted for just one.5% of the nation’s development in Actual GDP.

Advertisement

California had a development fee of 5.3%, practically double the nation’s 3% and greater than double Indiana’s 2.5% enhance, which is twenty seventh within the nation, comfortably mediocre.

Our Hoosier leaders, nevertheless, would have us verify the latest information. OK. Actual GDP for the U.S., from mid-2021 to mid-2022, superior by 1.8% and heavy-breathing Indiana grew by 1.7%.

Throughout the nation, social commentators are declaring the Covid pandemic remodeled our lives. To-your-door supply is the loss of life of retail commerce as we knew it. Work at home is perpetually embedded in our work atmosphere. The shops and workplace buildings will all be transformed to housing. The ensuing greater density will convey again public transit.

However that’s not all. Much less commuting and the agglomeration of financial features (no matter meaning) will probably be complemented by tiny electrical vehicles which finish congestion and make parking painless.

Extra possible, it will likely be a few years earlier than we perceive what occurred in 2020 and thereafter. Which adjustments are everlasting and which transitory? Among the many many broken relationships, private and business, which possess resiliency, and which can perish?

Advertisement

Thus far, the Indiana restoration has been dominated by motor automobiles, our bodies and trailers, and components manufacturing. And 29 of our 65 sub-sectors have but to realize their pre-Covid output ranges. Is that this the form of our courageous new world?

Morton Marcus is an economist. Observe him and John Man on Who Will get What? wherever podcasts can be found or at mortonjohn.libsyn.com. Ship feedback to [email protected]



Source link

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Indiana

Memphis plays Indiana, looks for 5th straight home win

Published

on

Memphis plays Indiana, looks for 5th straight home win


Associated Press

Indiana Pacers (9-11, ninth in the Eastern Conference) vs. Memphis Grizzlies (13-7, fourth in the Western Conference)

Memphis, Tennessee; Sunday, 3:30 p.m. EST

Advertisement

BOTTOM LINE: Memphis will try to keep its four-game home win streak intact when the Grizzlies face Indiana.

The Grizzlies are 9-3 on their home court. Memphis leads the Western Conference with 59.0 points in the paint led by Jaren Jackson Jr. averaging 11.7.

The Pacers are 2-8 on the road. Indiana has a 4-3 record against opponents over .500.

The Grizzlies’ 12.9 made 3-pointers per game this season are just 0.4 fewer made shots on average than the 13.3 per game the Pacers allow. The Pacers are shooting 48.6% from the field, 4.7% higher than the 43.9% the Grizzlies’ opponents have shot this season.

TOP PERFORMERS: Jackson is averaging 22.2 points, 5.8 rebounds and 1.8 blocks for the Grizzlies.

Advertisement

Tyrese Haliburton is averaging 17.5 points and 8.7 assists for the Pacers.

LAST 10 GAMES: Grizzlies: 7-3, averaging 122.3 points, 48.9 rebounds, 30.6 assists, 9.2 steals and 8.2 blocks per game while shooting 48.5% from the field. Their opponents have averaged 111.2 points per game.

Pacers: 4-6, averaging 112.5 points, 40.4 rebounds, 26.9 assists, 9.6 steals and 5.5 blocks per game while shooting 47.7% from the field. Their opponents have averaged 117.4 points.

INJURIES: Grizzlies: Zach Edey: out (ankle), Vince Williams Jr.: out (ankle), GG Jackson II: out (foot ).

Pacers: Aaron Nesmith: out (ankle), Andrew Nembhard: out (knee), Isaiah Jackson: out for season (calf), James Wiseman: out for season (calf), Ben Sheppard: out (oblique).

Advertisement

___

The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.




Source link

Advertisement
Continue Reading

Indiana

Indiana State Museum casts holiday magic at Celebration Crossing

Published

on

Indiana State Museum casts holiday magic at Celebration Crossing


INDIANAPOLIS (WISH) — Families are invited to dive into the allure of the holiday season as Celebration Crossing returns to the Indiana State Museum.

“We had visitors lined up and ready to go before the museum opened this morning. We see families that come back year after year, and they want to be part of our opening day festivities because it has that ‘wow’ factor!” said Indiana State Museum and Historical Sites director of communications Carla Knapp.

Santa came from the North Pole by helicopter to welcome visitors at the museum.

Mr. and Mrs. Claus, along with holiday singers, welcomed families inside to light the stunning 92 County Tree, the centerpiece of the festivities. The 25-foot wonder showcases handcrafted ornaments representing each Indiana county’s nature and cultural wonders.

Advertisement

“Celebration Crossing is a tradition that goes back over 30 years for us here at the Indiana State Museum. There are pieces throughout the museum today that you’ll see that were a part of that experience way back in the beginning. You’ll see the Santa Claus Express, the original train people rode at L.S Ayres in downtown Indianapolis,” said Knapp.

Families can enter Santa’s whimsical house and the 18-passenger train ride that transports guests through a snowy forest.

“Visitors can ride that through a wintery wonderland and see magical holiday creatures that live in the forest. There’s movement, dancing, music, and then it snows!” Knapp said.

A new addition to this year’s festivities is the Kwanzaa community festival.

At this festival, visitors can immerse themselves in the rich cultural traditions of Kwanzaa, featuring African music, dance, vendors, and a community worship service.

Advertisement

“The Indiana State Museum is for all Hoosiers. We try to bring elements of the holidays that everyone can celebrate and be part of. So, whether it’s Christmas, Kwanzaa, Hannukah, or other holidays that you’re celebrating … you can come here and see it reflected through Celebration Crossing,” Knapp said.

Celebration Crossing will run from Nov. 29 – Jan. 5, 2025, with a break on Dec. 25.



Source link

Advertisement
Continue Reading

Indiana

Indiana Suits Up and Dives In for Wednesday PM Lactate Set | PRACTICE + PANCAKES

Published

on

Indiana Suits Up and Dives In for Wednesday PM Lactate Set | PRACTICE + PANCAKES


On Wednesday afternoons, the Indiana Hoosier swim team puts on racing suits and goes off the blocks. This “Lactate workout” is meant to create and help the body practice dealing with lactic acid.

There were three different lactate groups today: Longer, middle, and sprint.

The sprint workout (which included US Olympian Matt King) was:

Advertisement
  • 2×75 @ 10:00 (275+ cooldown)
  • 2×50 @ 7:00 (200+ cooldown)
  • 4×25 @ 3:00 (75 cooldown)

The middle workout (which included Olympians Josh Matheny, Tomer Frankel, and Rafael Miroslaw) was:

  • 1×150 @ 10:00 (300+ cooldown)
  • 1×75 @ 10:00 (275+ cooldown)
  • 2×50 @ 7:00 (200+ cooldown)
  • 4×25 @ 3:00 (75 cooldown)

The longer workout (which included US Olympian Anna Peplowski) was:

  • 1×150 @ 10:00 (300+ cooldown)
  • 2×75 @ 8:00 (225+ cooldown)
  • 3×50 @ 6:00 (150+ cooldown)





Source link

Continue Reading

Trending