Police are investigating after a woman was fatally shot on the city's west side early Saturday morning.

Kamar Baldwin talks about his winning 3-pointer

Two orphaned kids of 1957 Butler All-American Ted Guzek, who was 39 when he and his wife were in a fatal car crash, found different ways to thrive.

Battle was a four-star recruit ranked 82nd by ESPN in the 2019 class and became the highest-rated out-of-state player ever to pick Butler.

A look back at Butler's run at the 2010 NCAA championship.

The Bulldogs missed out Saturday on a couple of transfers: Louisiana-Monroe's Michael Ertel to UAB and Santa Clara's Trey Wertz to Notre Dame.

Butler has been active in the transfer market this offseason, but had come up empty — until Friday.

Bolden averaged 8.5 points in 21 minutes a game for South Carolina, starting 15 of 30 games.

The former WISH-TV meteorologist will soon be back on the air in Indianapolis, if only for a limited time.

The Carmel Farmers Market will be open this weekend, but with safety precautions in place.

Noblesville has applied for a state grant to fund most of its section of the Nickel Plate trail, while Fishers and Indianapolis are pushing forward with their own plans.

Motorists crossing the soon-to-b-built Nickel Plate Train will face a safety feature drivers crossing the Monon Trail don't encounter: speed tables

Kelly coached at Seymour past three years, formerly was an assistant at Fishers

Fishers Mayor Scott Fadness announced Thursday that the city will seek to establish its own health department.

While Indiana continues to see a rise in coronavirus cases, a Fishers church will resume in-person services.

Jeremy Chinn played at Southern Illinois and he becomes the final pick of the 2nd round in the 2020 NFL Draft.

Police say a scuffle at a Friday night gathering in Noblesville, Indiana, led to a man shooting another man.

An annoucement on the Fishers trampoline park's website states the park's permanent closure.

Before coronavirus, the 4,203-square-foot Shake Shake restaurant was originally slated for a late 2020 opening in The Yard at Fishers.

Fishers, with more than 90,000 residents, is one of Hamilton County's fastest-growing cities as well as one of the most livable communities in the U.S. Here's how Fishers is growing and changing.

As Dallara's Stefano DePonti saw his parent company begin to manufacture parts for ventilators back in Italy, he knew the IndyCar shop needed to step in to help fight COVID-19.

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

He's unsure when he might return to the virtual IndyCar grid, but it's sure not from Dale Earnhardt Jr.'s lack of enjoyment in Saturday's event.

The $8,000 square foot, $8 million home sits atop a hill and features windows from floor to ceiling.

From pre-race festivities to that sweet swig of milk.

Watch Gary Varvel's time lapse video of the Tree of Life synagogue shooting.

Hate cannot destroy faith.

Tragedy turned Nancy Fitzgerald against God but unanswered questions led to a worldwide Christian ministry

America mourns another mass shooting.

Reunited with Barbara and their daughter Robin

Watch Gary Varvel's time lapse video of his process of drawing the Democrats' Christmas wish.

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.

Sen. Mark Stoops' bill would block schools from shaming students to get their parents to pay for lunch.

U.S. Senate candidate Todd Rokita goes low yet again. This time he directs his empty rhetoric at an Indiana city he should be trying to help.

Todd Rokita is running for the Senate with a campaign that could hardly be less senatorial. And that's not a good thing.

Democrat Joe Donnelly is known for his bipartisan ways. But the state's junior senator, Republican Todd Young, also reaches out to the other side.

At what age should crime suspects be charged as adults? It's a question that elicits strong opinions. It's a conversation Indiana needs to have.

For nearly 30 years, Danville's Mayberry Cafe has served up Andy Griffith Show themed dishes to locals and even Jim Nabors.

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

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

The new offensive scheme allowing Tri-West graduate to become a difference maker for IU offense.

The Kansas commit threw five touchdown passes against a defense that entered the game allowing just 6.5 points per game.

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.

Avon, ranked No. 1 in Class 6A, has had to display a high level of resiliency and develop that elusive clutch gene to remain unbeaten at 8-0.

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

Olivia Head discovered there was a high demand for fostering and adopting potbellied pigs. Thus, Oinking Acres Pig Rescue and Sanctuary was born.

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.

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.