ARTICLES

Indiana life sciences sector copes with shrinking VC pool

Venture funds nationwide crested at $100 billion in 2000, but that number last year had drooped to $18 billion.
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Marketing employees open own computer-generated motion graphics business

The three principals of The Basement Design and Motion left another firm to set their own course in the world of Web convergence marketing.
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Flat passenger counts not seen as threat to paying debt on midfield terminal

The big debt payments on the $1.1 billion midfield terminal at Indianapolis International Airport start coming due in January--just as a recession hits and the battered airline industry cuts capacity. Despite the likely prospect of fewer passengers than projected in the next year or two, airport managers say they don't anticipate problems shouldering the roughly $40 million a year in debt burden over the next 30 years for the new facility.



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A renewed call for renewable energy mandate: State bucks trend by not forcing utilities to diversify

Indiana has become the lone state in the upper Midwest not requiring that utilities supply a certain percentage of their electricity from renewable resources, such as wind turbines and landfill gas. Last month, Michigan's legislature mandated that at least 10 percent of electricity supplied in that state be generated from renewable sources by 2015. Indiana's conspicuous lack of a standard, along with growing environmental concerns over coal, could improve prospects for passing a standard during the 2009 session of the...
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Bumpy road ahead for truck-driving schools?: Slowing freight and federal standards could hurt prospects and raise costs

With a driver shortage as bad as the freight industry says, one might think operating a truck-driving school would be a license to print money. But proposed federal rules to toughen training standards and, lately, a fishtailing economy could bring a shakeout among schools. There are even rumblings that a few big carriers that contract with driving schools are poised to eliminate tuition reimbursement as they sweat out the economic downturn. "We're going to start losing schools," predicted John Priest,...
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Will little transit systems make bigger footprint?: Study to look at economies, new opportunities to grow and coordinate rural bus systems

They're overshadowed in all the talk of a commuter rail line and its cosmopolitan allure. And they don't get headlines like Indy-Go does when it launches another route to whisk Carmel and Fishers suburbanites to work downtown. But rural transit providers in the nine doughnut counties quietly generate economic growth by hauling hundreds of thousands of people each year in small buses or vans to doctors' offices, shopping centers and jobs. Suburban businesses have been grousing for years that the...
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Filing in legal battle over telecom company hints at criminal probe of officers

Former insiders of One Call Communications appear to be targets of a Justice Department criminal inquiry, according to a filing by the defunct company's court-appointed receiver. Pittsburgh-based Meridian Group said it was served a subpoena Sept. 19 from the U.S. Attorney for the Western District of Pennsylvania to testify before a grand jury on Oct. 21 on matters involving One Call.


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AT&T's U-verse generates complaints as cable rival is rolled out

A baby born of Indiana telecom reform is having some teething pains. AT&T's U-verse, Ma Bell's high-tech answer to cable television's troika of video/voice/Internet service, has generated several consumer complaints to state regulators since it was rolled out here in earnest last year. The complaints range from long installation times to frozen television pictures that require rebooting the system or calling a technician.



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Planners to pare down commuter-rail options: Vote for light diesel trains would precede design

Goodbye elevated guideway. Goodbye buses zooming down paved-over rail beds. For that matter, forget about commuter trains running down the median of Binford Boulevard and I-69. Or along Allisonville Road or Keystone Avenue. These northeast corridor rapid-transit options, cheered and jeered by residents in the debate over rapid transit, officially get thrown from the train on Sept. 26. That's if a regional government group votes to accept the recommendation of the Indianapolis Metropolitan Planning Organization for running diesel light rail...
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Municipalities battle over township: Greenwood opposes Bargersville annexation plans

BARGERSVILLE-This town of 2,500 has raised the ire of Greenwood leaders, daring to annex land close to the city's southern border and its sprawl of shopping centers. It's been a long time in coming-since 1905 or thereabouts. That's when the Illinois Central Railroad came through Bargersville, a burg created 55 years earlier in honor of local resident Jefferson Barger, and the heart of the town moved a half mile northwest to straddle the new tracks. These days, trains still rumble...
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