A day at Danville's Andy Griffith Show themed Mayberry Cafe

Plainfield Correctional Facility inmates grow produce in a garden to give to needy.

Plainfield Correctional Facility inmates donate fruits and vegetables from their garden to community organizations.

Bulldogs have not been able to go over the sectional hump since 2009.

The third-ranked Orioles knocked off Ben Davis 41-17 with strong QB play and a defense that just keeps scoring.

Plainfield's volleyball team won nine matches in 2015. This year, they've won 11 matches already. Here's what changed.

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.

Avon, the top-ranked team in Class 6A, found itself in unfamiliar territory on Friday night — trailing by two touchdowns early in a game.

The Hendricks County 4-H Fairgrounds hosted a Winter pow wow put on by Indianapolis Tecumseh Lodge, Danville, Saturday, Jan. 4, 2020.

Brownsburg upended Plainfield on Dec. 7 but the Bulldogs will be missing a key player when the two teams meet in the Hendricks County finals.

Danville senior Ella Collier is Hendricks County's all-time leading scorer. And it didn't happen by accident.

Brownsburg defeats Plainfield, 55-43

The Brownsburg Bulldogs are back on track after three dominant wins in the Hendricks County tournament.

Daryn Wright has a résumé, and a routine, unlike any other girl in this weekend's state swimming and diving championships.

Plainfield picked up a 59-42 win over Greenwoon on Friday night, and still has eyes on Mid-State title.

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

Belatedly, I've got round to looking at the Treasury's recent decision to change how it calculates the necessary contributions that have to be made to cover the future costs of unfunded public service pensions.

My interest was sparked by a letter sent to the chancellor by 23 pension experts, organised by the consultant John Ralfe. They argue that the Treasury has made a mistake in its choice of a new so-called discount rate.

If you think this is tedious abstruse stuff that has no relevance to you, think again. The aggregate public-sector net liability for pensions is so huge - perhaps £1 trillion - that it matters to all of us as taxpayers, especially those likely to be paying tax in 10 and 20 years time, that the government has a reliable and accurate valuation of pension promises.

Pensions represent, to coin the phrase, a massive off-balance-sheet debt. And as we've all learned to our cost from the financial crisis of 2007-8, it is a bad idea to carry on blithely pretending off-balance-sheet liabilities don't exist.

So what is this blessed discount rate? Well in the private sector it can be seen as the number used to translate into today's money a commitment to pay £650 a week pension (for example) for 30 years or so to a retired employee (till he or she dies), so that we can see whether there's enough money in the pension fund to pay that employee (and all the other employees) during his or her long retirement.

The point of the discount rate is to assess whether there's enough money in the pension fund - or whether it needs to be topped up.

Which is all very well, except that for most of the public sector, there are no funds or pots of money to pay for future pensions. Most of the pension promises are unfunded, payable out of employees' current contributions and out of general taxation.

That said, since public sector workers are increasingly expected to make a contribution to the costs of their own pensions, it would presumably be sensible for that contribution to be set at a level that is rationally related to the value of promised pensions.

So what is the best way of measuring the cost today of new pension promises?

Well the government has decided to "discount" those promises by the rate at which the economy is expected to grow.

Now there is some logic to that: the growth rate of the economy should determine the growth rate of tax revenues; and the growth rate of tax revenues will have a direct bearing on whether future pension promises will bankrupt us all or not.

But here's the thing. Any private sector chief executive might well be sent to prison if he or she decided to use the equivalent discount rate for a company, which would be the expected growth rate of that company's revenues or profits.

The reason is that although it might be possible to remove subjectivity (or in a worst case, manipulation) from any long-term forecast of the growth of GDP or of a company's turnover, it is not possible to remove considerable uncertainty.

To illustrate, the Treasury has chosen a GDP growth rate of 3% per annum as the discount rate for public sector pensions, which is considerably above the rate at which the UK economy has grown for years or indeed may grow for many years.

If we were growing at 3%, we would in practice be less worried about the off-balance-sheet liabilities of public-sector pensions, because the on-balance-sheet debt of the government would not be growing at an unsustainably fast rate.

To put it another way, in choosing its view of the long term growth rate of GDP as the discount rate, the Treasury is arguably understating the burden of future pensions to a considerable extent.

So what discount rate do companies use?

Well they are obliged to discount the liabilities at the yield or interest rate on AA rated corporate bonds.

Which may not be ideal, but has some advantages: there is a market price for AA corporate bonds, so the yield or discount rate is difficult to manipulate by unscrupulous employers; and it tells the company how much money would need to be in the pension pot, on the basis that all the money were invested in relatively safe investments (AA corporate bonds).

Now Ralfe and his chums believe that the discount rate for public sector promises should be the yield on long-term index linked gilts (gilts are bonds or debts of the British government) - partly because this too has a difficult-to-manipulate market price and because an index-linked government bond is a very similar liability to a public sector pension promise (both are protected against inflation, both are in effect debts of the government).

They point out that gilt interest and principal payments are paid out of future tax revenues, just as future pensions are. So if the value today of future pensions should be discounted at the GDP rate, that's how index linked gilts should be value on the government's balance sheet - which would be bonkers.

Anyway, if you've read this far (and many congratulations to you if you have), you may take the view that it would not be rational to impose a tougher discount rate on the government than on private-sector companies - which is what Ralfe et al seem to want, in that the yield on index linked gilts will always be lower than the yield on AA corporate bonds (because HMG, even with all its debts, is deemed to be more creditworthy than any British business).

But for a government and for a chancellor who have made it a badge of honour to bring transparency and prudence to public-sector finances, prospective GDP growth does look a slightly rum discount rate for valuing those enormous pension liabilities.

FORT WORTH, Texas -- It appears an IndyCar Series driver will be dancing next month on national television.

Through driver-turned-dancer James Hinchcliffe, the Verizon IndyCar Series is about to experience something similar to what Helio Castroneves delivered as a celebrity contestant in 2007.

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

SONOMA, Calif. – The men and women who pull racing helmets over their heads are a different breed, defying speed and danger mortals cannot imagine.

Before the show, audience members take the stage to dance

Indiana University will move to remote teaching after its scheduled spring break over concerns about the spread of the coronavirus.

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

Indianapolis is partnering with YMCA, At Your School and Early Learning Indiana to provide care for children of first responders at a discounted rate.

Indianapolis Metropolitan police are investigating after a man was found shot on the city's northwest side Thursday night.

During coronavirus, Indiana schools turn to donors to fill gaps in access to devices and home internet as state and federal resources lag behind.

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

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

The first day of the 2020-2021 school year is just a few months away. Will kids be back in classrooms or continue logging on?

The private Catholic university in South Bend with $11 billion in reserves follows similar decisions by other endowment-rich institutions.

An Indiana University student is suing the school, looking for a partial reimbursement on tuition and fees paid for the spring semester.

No mesmo dia, entretanto, uma publicação no periódico Lancet colocou dúvida sobre eficácia do remdesivir.

Infectologista da organização explica que células mortas expelidas do pulmão fazem exames darem positivo mais de uma vez — mas não necessariamente quer dizer que a pessoa voltou a ficar infectada pelo coronavírus.

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

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?

Enquanto o fundador do Facebook, Mark Zuckerberg, apoia medidas de isolamento, Elon Musk, da Tesla, está cada vez mais cético.

Ahmaud Arbery estava se exercitando em uma rua residencial em fevereiro quando um ex-policial e seu filho atiraram nele; caso tem causado enorme comoção no país.

Arthur Virgílio Neto chora ao citar agressões a coveiros e mortes, e recorre a Greta Thunberg: 'Terrível seria pirralho governando o país'. Mortes na capital do Amazonas passaram da média histórica de 20 a 30 por dia para o patamar de 120.

A economia italiana está enfraquecida há anos, mas a pandemia acabou deteriorando ainda mais a situação financeira de famílias e negócios, que agora estão na mira do crime organizado.

Epidemiologista diz que um dos maiores obstáculos para a cidade ter índices de isolamento maiores é a vulnerabilidade social da população do Maranhão.

See which incoming sophomores Kyle Neddenriep thinks are the best in the state.

Purdue and Indiana have prioritized the Valparaiso product for their 2019 class, but they aren't short on competition.

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

Senior combo guard Armaan Franklin, a standout at Cathedral and a four-star prospect, becomes IU's first commitment in the 2019 class.

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

"I had a coach tell me that I could pick the players they recruit to come and play with me."

In-state names sprinkled through new rankings for 2020, '21 and '22

In-state players well-represented in national recruiting rankings

A fixture in IU's starting lineup for most of the past two years, Smith averaged 10.4 points and 5.2 rebounds per game in 2019-20.