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Swarens: Well done, Matt Tully. You served Indiana well.

With Matt Tully's death, our community has lost a strong and passionate advocate for those whose needs are often overlooked, especially children.

       




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Photos: Oinking Acres Pig Rescue and Sanctuary saves pigs in Brownsburg

Oinking Acres Pig Rescue and Sanctuary is making a difference in the Brownsburg community by saving more than 150 potbellied pigs.

       




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PPI and banks: Must pay, will pay?

You might have noticed that my mind (and body) have been away from the day job. But I am so gobsmacked by the comprehensive defeat of the banks in the PPI case that my fingers felt compelled to tap on smartphone keys.

What probably matters most is that the judge has ruled against the banks on all important issues.

And two really mattered: first that the Financial Services Authority's principles governing the behaviour of financial firms are a proper basis for compensation awards; and that FSA rules based on those principles are necessary but not sufficient for judging whether financial firms engaged in mis-selling.

Frankly if the banks had succeeded in proving otherwise, it would have been utterly disastrous for the whole system of consumer protection in the UK, both the existing system and the new one being erected by the government.

As it turns out, it is the implications of today's ruling for the banks that are serious.

Unless they appeal (and I will come back to that question) they face having to make compensation payments of around £4bn to around two and a half million people (around a quarter of all PPI policies were allegedly mis-sold).

The damage is greatest for the two banks in which we as taxpayers have big stakes, Lloyds and Royal Bank of Scotland (which is just dandy for all of us) - largely because they have the largest shares of the retail banking market.

Lloyds faces the biggest bill: both it and RBS look as though they will have to pay compensation in excess of £1bn each.

That Lloyds and RBS appear to have done the most mis-selling in this instance will be seen by some as further evidence that their particularly powerful positions in retail banking is bad for the welfare of consumers - it will be taken as strengthening the argument of the Independent Commission on Banking that reinforcing competition is a priority (see my recent posts Banking Commission wants firewall around retail banking and Banking Commission: Retail banking must be ring-fenced).

The tab for Barclays and HSBC will also be pretty steep - some hundreds of millions of pounds each.

Given that few lawyers in my acquaintance rated the banks' chances of winning the case terribly highly, it is slightly odd that they used the courts to minimise or delay making restitution - especially at a time when they are not exactly the most popular institutions in the UK.

It is even more curious that they have fought and fought to limit their liability in the light of the two main examples of mis-selling identified by the FSA.

First there were all those refusals to make payouts under the loan insurance plans to those who had a pre-existing medical condition - when it is clear that relevant customers had no idea that pre-existing medical conditions were grounds for non-payment.

Second, it is a logical absurdity that the policies should have been sold by the banks to the self-employed, given that is impossible for a self-employed person to be made redundant.

So what next? Well the banks could make those two and a half million victims of mis-selling wait another couple of years to be made whole by appealing to the Supreme Court.

Or they could take the view that the prospects of winning in any court are too slim to outweigh the potential for further damage to their respective public images from being seen to defy an unambiguous legal judgement that they let down millions of their customers.

Unless of course they regard their reputations as so impaired that there's nothing left to lose from prevarication.




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Lloyds: Back in the red?

It's the first results tomorrow for Lloyds new chief executive, Antonio Horta-Orsorio - and I wouldn't be at all surprised if, in the time-honoured fashion of new brooms, he announces substantial losses on ventures that had already gone a bit wrong for his predecessors.

In particular, I would expect him to announce further significant writedowns on £20bn odd of outstanding loans to the troubled Irish economy - after last year's impairment charge of £4.3bn on Irish lending.

Also, he may well make a provision of well over £1bn to cover potential payouts to thousands of purchasers of PPI loan insurance.

This would follow last month's comprehensive defeat in the courts of Britain's leading banks, which had challenged the decision of the regulator, the Financial Services Authority, that they should pay compensation for mis-selling of the credit insurance.

If Lloyds were to incur such a big loss on its past sales of PPI policies, that of course would be seen as a very good thing by those who believe that Lloyds mis-sold to them - because it would imply that Lloyds would be ceasing its legal battle (with the other banks) to avoid making comprehensive restitution.

Anyway, the Irish and PPI debits together could well run to many billions of pounds - which would be enough to put Lloyds into losses overall for the first three months of the year, and possibly for the first six months too.

That would be embarrassing for Lloyds, though not for Mr Horta-Orsorio, who can't be held responsible for decisions made before his time.

Remember that Lloyds made a big thing last year of being back in the black, following its humungous losses in 2008 and 2009 of £6.7bn and £6.3bn respectively.

Anyway, if I'm right, and if Lloyds takes a chunky hit from Ireland and PPI, it would represent a setback to the recovery of a bank 41% owned by taxpayers - but it wouldn't impair the health of the bank in a fundamental way.

That said, it would pose a very particular question for the non-executives of Lloyds - which is why they chose to award a £1.45m bonus to the bank's retiring chief executive, Eric Daniels, earlier this year.




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Noblesville teachers parade through students' neighborhoods: 'We've missed them terribly'

Teachers from North Elementary School in Noblesville decorated their cars and paraded through neighborhoods, waving and honking at students from afar during the closure of schools because of the coronavirus outbreak.

      




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Sintomas do coronavírus: quais os novos sinais de covid-19 que as autoridades americanas acrescentaram à lista

Ao longo da pandemia e com rápida propagação do vírus, que já atingiu mais de 3 milhões de pessoas, tem surgido diversos outros sinais associados à enfermidade, como tremores e calafrios persistentes.




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Coronavírus: por que alguns pacientes já recuperados voltam a ter teste positivo para covid-19, segundo OMS

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.




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Coronavírus: as lições dos países que estão saindo do isolamento

Enquanto em alguns países ainda é impensável abrir empresas e escolas, outros já começaram a retomar a atividade, embora atentos a possíveis surtos.




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Coronavírus: 'O presidente revelou meu diagnóstico de covid-19 ao vivo na TV'

Sita Tyasutami foi identificada como a 'paciente zero' da doença na Indonésia.




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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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Coronavírus: 'O assassino do meu filho não merece morrer de covid-19 na cadeia'

Mãe na Argentina diz temer que o assassino asmático do filho não sobreviva ao covid-19 na cadeia.




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Coronavírus: o mapa interativo que mostra as medidas e tipos de isolamento adotados na América Latina

Mapa interativo mostra medidas que países vizinhos vêm tomando desde primeiros casos registrados de covid-19 para restringir movimento dos cidadãos.




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Coronavírus: pais deveriam interromper trabalho em casa para dar atenção a filhos na quarentena, diz especialista em infância

Apesar de serem menos afetadas pelo coronavírus, crianças são as que podem sofrer maiores efeitos sobre sua saúde no longo prazo, explica pesquisador americano Philip Fisher.




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Coronavírus: os sete erros que põem Brasil na rota do 'lockdown', segundo especialistas

Gestores já consideram confinamento obrigatório em algumas regiões do país em que sistemas de saúde chegaram a estado de calamidade; segundo especialistas, Brasil ia bem, mas houve erros.




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Coronavírus: quantos casos e mortes por covid-19 há em sua cidade?

Buscador interativo permite consultar dados oficiais de todos os municípios afetados pelo vírus até o momento no Brasil.




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Coronavírus: os pacientes de covid-19 que não conseguem se livrar da doença

A maioria dos pacientes se recupera rapidamente da covid-19 — os dados sugerem uma média de duas semanas; mas para alguns, os sintomas duram por muito mais tempo.




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Coronavírus: o futuro incerto das viagens aéreas após a pandemia de covid-19

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.




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Coronavírus: as posturas conflitantes de Elon Musk e Mark Zuckerberg diante da pandemia

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




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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: inércia política aumenta número de mortes, indica estudo

Intervenções drásticas (como a imposição de isolamento rigoroso) até 25 dias depois da primeira morte confirmada é capaz de impedir até 80% de novas mortes por coronavírus em um país, aponta pesquisa.




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Coronavírus: as mutações do Sars-Cov-2 que intrigam cientistas

Mudanças naturais na estrutura do vírus podem mudar o quão infeccioso ele é e afetar o desenvolvimento de vacinas.




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Coronavírus: entregadores de aplicativo trabalham mais e ganham menos na pandemia, diz pesquisa

Estudo feito com trabalhadores de quatro Estados brasileiros apontou que 89,7% dos entrevistados tiveram ganhos iguais ou menores em relação ao período antes da pandemia.




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Fim da quarentena do coronavírus: o que são as 'bolhas sociais', estratégia para o fim do isolamento adotada pela Nova Zelândia e outros países

Um dos países de maior sucesso na luta contra a covid-19, a Nova Zelândia permitiu que seus cidadãos expandissem, de forma limitada, o círculo de contatos; entenda como essa proposta funciona e por que está sendo avaliada por vários governos.




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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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Coronavírus: o mapa que mostra o alcance mundial da doença

Batizada de covid-19, a doença é uma infecção respiratória que começa com sintomas como febre e tosse seca e, ao fim de uma semana, pode provocar falta de ar. Cerca de 80% dos casos são leves, e 5%, graves.




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Coronavírus: cidade sueca usa cocô de galinha pra conter disseminação da covid-19

Em Lund, gramados de parque receberam fezes para que odor espantasse frequentadores, evitando aglomerações.




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Coronavírus: as histórias de três casamentos celebrados pela internet no isolamento

Pandemia fez casais mudarem seus planos, mas nem por isso cerimônias deixaram de ser inesquecíveis.




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Coronavírus: Brasil registra novo recorde diário com 751 mortes

Estado de São Paulo concentra maioria dos casos e óbitos registrados oficialmente, seguido pelo Rio de Janeiro.




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Coronavírus: estudo com coquetel de remédios tem bons resultados contra a covid-19, mostra The Lancet

Em estudo clínico randomizado controlado, pessoas que receberam as substâncias interferon beta 1-b, lopinavir-ritonavir e ribavirin tiveram tempo menor para alta e desaparecimento do vírus, na comparação com o grupo controle.




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Fila para UTI e falta de testes: os relatos do colapso na saúde que leva o Rio a planejar lockdown

Profissionais de enfermagem relatam falta de equipamentos de proteção, baixas nas equipes e lotação; em ofício, governador Witzel reconhece que esforços contra a covid-19 não foram suficientes e que estuda endurecer confinamento.




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Doyel #senior class: Miranda Stickel ran on legs she knew might break

Chatard's Miranda Stickel was so determined to return to state, she ran on legs she knew might break. Then the coronavirus pandemic ended her career.

       




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Travel news: Monte Carlo Las Vegas Update

As of today, Las Vegas' Monte Carlo Casino Hotel remains closed pending the investigation of last week's fire and the impending repair work. At this time, reservations at the Monte Carlo are being moved to other MGM Mirage hotels. In addition, the Lance Burton show will be suspended for the time being and all tickets that have already been purchased will be refunded.




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NFL draft grades: It's official, folks liked the Colts' 2020 draft haul

No one knows for sure how these picks will shake out and most of these grades will likely end up on Freezing Cold Takes.

       




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Undrafted free agents: Colts sign Georgia kicker Rodrigo Blankenship, Indy's Kendall Coleman

Colts continue adding players after NFL Draft.

       




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NFL power rankings: Colts help fill void in AFC

Indianapolis Colts have put themselves in position to leapfrog the New England Patriots and Houston Texans

       




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Plastic shields, capes: How salons, gyms plan to re-open after coronavirus closures

"This may become the new normal." The fitness and beauty industries may look much different after Indiana's coronavirus stay-at-home order is lifted.

       




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Masks, hand sanitizer and closed stores: What malls looked like as Indiana began to reopen

Customers ranged from enthusiastic to wary on first day they were able to shop again at suburban Indianapolis malls during the coronavirus pandemic.

       




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Photos: Michael Jordan returns against the Pacers

Michael Jordan returned from retirement on March 19, 1995, against the Indiana Pacers at Market Square Arena

      




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Coronavirus: Owners of Pacers, Colts join fundraising effort with United Way

If $200,000 is raised by Thursday, Herb Simon and Jim Irsay will boost the pot that goes to neighborhood centers linked to United Way

      




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Retro Recipes: Want to make that famous Tee Pee restaurant salad dressing?

The iconic restaurant still conjures up fond memories of the food and the cruising.

       




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Retro Recipes: Why some Hoosiers put spaghetti in chili

Add spaghetti to chili and people call you crazy. Add spaghetti and Middle Eastern spices and you're a genius (at least in Cincinnati).

       




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Baking in the time of coronavirus: Bread is hot topic at home and away

Whether it's out of necessity, to pass time or to calm nerves, bread baking is a hot topic during coronavirus pandemic

       




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Photos: How the central Indiana restaurant industry is reacting to a pandemic

Restaurants and bars in central Indiana respond to the coronavirus, or COVID-19, health pandemic while operating under state-issued restrictions.

      




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Photos: Spring flowers at Newfields in full bloom

IndyStar walks through the closed gardens at Newfields, Friday, April 24, 2020.

       




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Photos: Inside Johnson County's interactive visitor center

The new Johnson County visitor center in downtown Franklin features interactive exhibits. Each exhibit highlights things to do around the county.

       




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MIC all-conference selections for winter sports: basketball, wrestling, swimming

MIC all-conference teams for basketball, wrestling and swimming

       




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Harry Styles in Indianapolis: What you need to know

One Direction singer Harry Styles will bring his solo tour to Bankers Life Fieldhouse Wednesday, 383 days after the concert was announced.

      




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#CapitalWalls: A Mural Tour of Albany’s Art

Where we’re at: I’m recapping my summer of 2019, including this tour in Albany in July. I realize for some this is a difficult time to read about travel. I am writing often about our current global crisis — the impact it’s having on me personally, on the world of travel, and on the world at […]
 




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Politics: Obama’s Speech 政治:奥巴马演讲

A historic day in Washington as Barack Obama makes his inauguration speech. Take Away English has the details.