Recent Blog Posts

Why Indy seems slow to ban smoking

October 6, 2009
Comments(25)
If Indianapolis is considered a model on fronts ranging from downtown revitalization to fiscal responsibility, why is it so late to ban smoking? George Geib, who has been observing Indianapolis as a Butler University historian for 45 years, thinks the reluctance can be traced to immigration patterns.
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Rolls-Royce and health care reform

October 5, 2009
Comments(2)
Rolls-Royce, the British jet engine maker, isn't taking a position on health care reform, but let's drag them into it, anyway, because Rolls-Royce's business model might interest the crowd advocating for reform via market forces.
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Noblesville sacks economic development director

October 2, 2009
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Noblesville Mayor John Ditslear has fired the city's economic development director, Kevin Kelly, after Kelly had been on the job for about two years.

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Surprise: Moms not opting out of jobs

October 1, 2009
Comments(0)
Census researchers have debunked the common perception that rising numbers of the most accomplished mothers in the work place are opting out for full-time family life.
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Indy housing market getting some traction

September 30, 2009
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The grueling years of the housing downturn in the Indianapolis area appear to be over, a real estate veteran says, but a full recovery is one to two years away.
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Another view of Indiana manufacturing

September 29, 2009
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A Milken Institute study shows Indiana isn't the only state writhing with angst about the future of manufacturing. The study frames Indiana in a somewhat positive light.
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The impact of divorce on business

September 25, 2009
Comment(1)
Researchers have long known that divorce affects work place performance, but a human resource professional has learned that a gentle response results in loyalty and happy customers.
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New denomination headquartered in Indy?

September 24, 2009
Comments(6)
If a new denomination results from a vote to allow gay clergy in the Evangelical Lutheran Church in America, Indianapolis might be at the top of the list for its headquarters.
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Second thoughts on alternative energy

September 23, 2009
Comments(4)
A future rich in biofuels, solar and wind energy would consume a lot of land, a study says.
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Will Miller's burden at Irwin Financial

September 16, 2009
Comments(9)
Will Miller, the fifth generation to run Irwin Financial Corp., is in danger of being the scion at the helm as the family business hits the wall.
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A beachhead in Warsaw

September 16, 2009
Comments(0)
The launch of the orthopedics not-for-profit OrthoWorx is quite an accomplishment in Warsaw, where some of the world's biggest companies fight tooth-and-nail.
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You are green: Now what?

September 15, 2009
Comment(1)
IBJ Daily readers are keenly interested in environmental issues, if a poll conducted by IBJ in conjunction with Walker Information is any indication.
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Lilly as an employment destination

September 14, 2009
Comments(2)
Eli Lilly and Co. has experienced a string of setbacks in recent years. Is it still a good place to work?
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On the hook for bariatric surgery

September 11, 2009
Comments(3)
An Indiana Court of Appeals ruling favoring an obese employee is likely to make employers think twice about hiring overweight people.

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Recession likely over in Indiana

September 10, 2009
Comment(1)
More evidence arrived yesterday that the recession in Indiana has finally bottomed. But little of that evidence suggests a quick recovery.
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Assessing downtown cleanliness

September 9, 2009
Comments(4)
Indianapolis' downtown has its strengths. But what are those smells?

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(Un)believable App Store reviews

September 8, 2009
Comments(2)
Apple's problems with anonymous comments at its App Store revives an old debate.
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Forecast: Indy to recover in 2012

September 3, 2009
Comments(0)
IHS Global Insight this week predicted the Indianapolis metro area will not recover jobs lost in the recession until 2012.
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IU shines in entrepreneurship

September 1, 2009
Comments(0)
Entrepreneurship has become one of the hottest areas of academic research in business schools. And, by at least one measure, Indiana University churns out the papers as well as any institution in the world.
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Lumina chair Mutz preps for a W downturn

August 31, 2009
Comments(0)
John Mutz, former lieutenant governor and chairman of the Lumina Foundation, is digging in for extended hard times.
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Unvaccinated docs, nurses

August 26, 2009
Comments(2)
How would you feel if the doctor or nurse in charge of your health wasn’t vaccinated for swine flu?
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Green light for local IPOs?

August 25, 2009
Comments(0)
If nothing else, you have to admire the patience shown by ExactTarget and Aprimo, two of the area's hottest tech companies, as they await better conditions to launch their initial public offerings.
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Indiana's shot at Harley-Davidson

August 24, 2009
Comments(4)
Who would have thought Indiana ever stood a chance of cranking out Harley-Davidsons alongside Chevy pickups, GE refrigerators and recycled steel? Until news broke earlier this month that officials from the Milwaukee company toured sites in Shelbyville, not many.
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Chrysler sticks it to Kokomo

August 21, 2009
Comment(1)

Officials in Kokomo and Howard County are in a tough spot. The “new” Chrysler created after its bankruptcy sale to Fiat contends it‘s no longer on the hook for $12.9 million it owes various local taxing bodies this year and $12.3 million it will owe next year.

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Community Health hires a maverick

August 21, 2009
Comments(5)

Today’s announcement that Community Health Network named Tony Lennen to head its Community Hospital South was a bit of an eye-opener.

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  1. Cramer agrees...says don't buy it and sell it if you own it! Their "pay to play" cost is this issue. As long as they charge customers, they never will attain the critical mass needed to be a successful on company...Jim Cramer quote.

  2. My responses to some of the comments would include the following: 1. Our offer which included the forgiveness of debt (this is an immediate forgiveness and is not "spread over many years")represents debt that due to a reduction of interest rates in the economy arguably represents consideration together with the cash component of our offer that exceeds the $2.1 million apparently offered by another party. 2. The previous $2.1 million cash offer that was turned down by the CRC would have netted the CRC substantially less than $2.1 million. As a result even in hindsight the CRC was wise in turning down that offer. 3. With regard to "concerned Carmelite's" discussion of the previous financing Pedcor gave up $16.5 million in City debt in addition to the conveyance of the garage (appraised at $13 million)in exchange for the $22.5 million cash and debt obligations. The local media never discussed the $16.5 million in debt that we gave up which would show that we gave $29.5 million in value for the $23.5 million. 4.Pedcor would have been much happier if Brian was still operating his Deli and only made this offer as we believe that we can redevelop the building into something that will be better for the City and City Center where both Pedcor the citizens of Carmel have a large investment. Bruce Cordingley, President, Pedcor

  3. I've been looking for news on Corner Bakery, too, but there doesn't seem to be any info out there. I prefer them over Panera and Paradise so can't wait to see where they'll be!

  4. WGN actually is two channels: 1. WGN Chicago, seen only in Chicago (and parts of Canada) - this station is one of the flagship CW affiliates. 2. WGN America - a nationwide cable channel that doesn't carry any CW programming, and doesn't have local affiliates. (In addition, as WGN is owned by Tribune, just like WTTV, WTTK, and WXIN, I can't imagine they would do anything to help WISH.) In Indianapolis, CW programming is already seen on WTTV 4 and WTTK 29, and when CBS takes over those stations' main channels, the CW will move to a sub channel, such as 4.2 or 4.3 and 29.2 or 29.3. TBS is only a cable channel these days and does not affiliate with local stations. WISH could move the MyNetwork affiliation from WNDY 23 to WISH 8, but I am beginning to think they may prefer to put together their own lineup of syndicated programming instead. While much of it would be "reruns" from broadcast or cable, that's pretty much what the MyNetwork does these days anyway. So since WISH has the choice, they may want to customize their lineup by choosing programs that they feel will garner better ratings in this market.

  5. The Pedcor debt is from the CRC paying ~$23M for the Pedcor's parking garage at City Center that is apprased at $13M. Why did we pay over the top money for a private businesses parking? What did we get out of it? Pedcor got free parking for their apartment and business tenants. Pedcor now gets another building for free that taxpayers have ~$3M tied up in. This is NOT a win win for taxpayers. It is just a win for Pedcor who contributes heavily to the Friends of Jim Brainard. The campaign reports are on the Hamilton County website. http://www2.hamiltoncounty.in.gov/publicdocs/Campaign%20Finance%20Images/defaultfiles.asp?ARG1=Campaign Finance Images&ARG2=/Brainard, Jim

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