John Stafford: Director of IPFW’s Community Research Institute adds Sagamore of the Wabash to his list of honors. He’s retiring after more than 45 years serving the city, region and state as an unbiased voice in fiscal and local government matters.
Midwest motorists: Purdue University’s energy economist, Wally Tyner, estimates summer gas prices in Midwest will be lower than last year at between $3.50 and $3.90 a gallon. Barring any unexpected refinery outages or intervening world event, gas prices shouldn’t exceed $4 a gallon.
John McCain: Arizona senator takes to the Senate floor to criticize tea party member Mike Lee, R-Utah, for demanding conditions be placed on budget negotiations, accusing him of ignorance of a couple of hundred years of congressional protocol.
Marion: Groundbreaking is set for next week for a $48 million baked goods plant expected to employ 500 people.
Lois Lerner: The IRS official reminded us all that there is a Fifth Amendment and that, implications by some congressmen to the contrary, we all are protected by the Constitution from self-incrimination. But she was put on administrative leave on Thursday.
Tesla: California-based maker of luxury electric car is winning raves and showing a profit. But the National Automobile Dealers Association is unhappy with its direct-to-consumer sales approach and is using its $3.2 million in campaign contributions to push for state laws barring factory-owned dealerships and online sales of new cars.
Apple: Congressional inquiry shows the tech giant avoided billions in taxes by setting up overseas subsidiaries, including some with no employees, serving only as an address.
Chicago: Public school district announces it will close 49 elementary schools and one high school, prompting large protest.
Paul Tudor Jones: Billionaire hedge-fund operator tells a University of Virginia symposium that mothers can’t be successful traders because of their close connection to a child.
Ray Manzarek: Co-founder (left) who helped give the Doors their distinctive sound with haunting keyboards on songs including Light My Fire and Riders on the Storm. He died at age 74.
Zach Sobiech: Minnesota teen whose Clouds song became a YouTube sensation dies at 18. A star-studded tribute video released before his death raised funds and awareness for children’s cancer research.