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
Comments(2)

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
Comments(0)
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. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

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