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3:27
SJC council passes vote on solar property value guarantee agreements
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1:03
School Board announces new Superintendent for Benton Harbor Area...
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0:42
Proposal to construct a 100-unit apartment complex in Saint Joseph...
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1:14
Push for charges in Jayco cats’ death case
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1:03
Former Fighting Irish star opens new restaurant in South Bend
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2:44
Redevelopment Commission votes toward infrastructure changes...
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1:10
Dodging showers and storms tonight and Wednesday
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1:16
Lerner Theatre announces free Kool and the Gang, The Commodores...
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1:28
Warm today, stormy tonight, sunny tomorrow
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1:47
Commissioners hold off on new ordinance vote in Benton Harbor
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3:47
IU professors speak out against major cuts to degree programs...
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0:47
Supporters hold ’Trump Win of the Day’ rally in Niles
SOUTH BEND, Ind. -- Despite concerns of rising unemployment rates nationwide employees at the unemployment office, Downtown South Bend said they have not yet seen much of an increase of people coming through their doors.
Fears of recession, causing a stock market sell off, was sparked by Friday’s July Jobs Report.
Michigan and Indiana both saw increases,but are sitting under the national average of 4.3%, which is a three-year high.
But Phillip Powell, a professor at Indiana University’s Kelley School of Business told ABC57 it does not point to a recession.
He also said major projects coming to the state like the EV Plant and Amazon Data Center should not be impacted because of what he is calling nothing more than emotional movement of the stock market.
"If companies have made commitments, the stock market crash, the short-term correction not really a crash is not enough to change those long-term decisions. So onward we go,” said Powell.