Economy Blog Posts

Forecast: Indy to recover in 2012

September 3, 2009
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IHS Global Insight this week predicted the Indianapolis metro area will not recover jobs lost in the recession until 2012.
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Lumina chair Mutz preps for a W downturn

August 31, 2009
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John Mutz, former lieutenant governor and chairman of the Lumina Foundation, is digging in for extended hard times.
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More than Harley-Davidson

August 20, 2009
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Milwaukee-based Harley-Davidson isn't the only company scouting for places to plunk new operations, a long-time economic development expert says.
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Job loss, in excruciating motion

August 18, 2009
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If youâ??re curious how the recession has washed across the nation, itâ??s worth looking at an animated map posted at Slate.com. The map shows job gains and losses since January 2007 in detail as fine as the county...
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Micro thaw hits custom homes

August 13, 2009
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The tiniest of warm breezes is beginning to blow through the custom home business, says one of the regionâ??s preeminent builders. R.J. Klein, whose Carmel firm specializes in homes costing as much as $6 million, says one of three projects that...
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Grizzled entrepreneur: Pounce now

August 11, 2009
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Dave Becker has made a lot of money on ventures including First Internet Bank and a banking software firm called re:Member Data Services, so his thoughts about the right time to launch a business are not exactly uninformed. When is the...
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United Way turns to the rich

August 10, 2009
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The wealthy in the Indianapolis area arenâ??t carrying their weight in supporting United Way of Central Indiana, according to an analysis by the not-for-profit    comparing places including Cincinnati, Milwaukee and Columbus, Ohio. The Indianapolis chapter has 22 â??principalâ?? donors, defined as...
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Questions about â??clunkersâ??

August 6, 2009
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â??Cash for clunkersâ?? has sent lots of gas-guzzlers to the scrap yard and helped car dealers move the metal. But as Congress considers adding $2 billion to the initial $1 billion earmarked for the program, both the political right and left...
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The housing bust has come to this

July 14, 2009
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For a peek into just how hard the housing bust has hit the Indianapolis area, look no further than a new study by the Indiana Business Research Center, an arm of Indiana Universityâ??s Kelley School of Business. The region,...
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Hoosier state as a laboratory

July 9, 2009
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You know California is in bad shape when The Economist compares it with Texas and wonders which is best. An opinion piece in its upcoming issue verges on placing them on a virtually even plane. California still has the best...
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Indiana recession losing oomph

July 7, 2009
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The recession is winding down in Indiana, but the state will lag a few months behind the nation when the economy starts to pick up steam. Thatâ??s how an Economy.com specialist who tracks Indiana sees it. Sean Maher, who also focuses on...
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Alleys of devastation

July 2, 2009
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Plenty of stories have been published and aired in recent days about migration...
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Weâ??re saving money again

June 26, 2009
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Americans have suddenly gotten serious again about saving money. In April last year, we saved absolutely nothing; by May this year the rate had shot to nearly 7 percent, the highest in more than a decade, and some economists...
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Housing gridlock

June 23, 2009
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Itâ??s old news that houses arenâ??t selling. But did you realize the situation is so bad that migration around the country has all but stopped? Thatâ??s what Ball State University economist Mike Hicks and a colleague at the Mackinaw Center for...
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Innovation drought?

June 8, 2009
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Beneath Americaâ??s financial woes lies a lack of innovation, a recent BusinessWeek article argues. A paucity of breakthrough products could have triggered the nationâ??s borrowing binge and ultimately the financial meltdown, it says. Hereâ??s the logic: A decade ago,...
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An outsider cautions Indianapolis

June 3, 2009
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Before you hear Ed Morrisonâ??s warning for Indianapolis, itâ??s helpful to know the Cleveland-area resident is a fan. Morrison, who was hired by Purdue University a couple of years ago to help Hoosiers think of new ways of solving problems, believes...
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Bargaining away the reserve

June 2, 2009
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In his five-minute address last night, Mitch Daniels referred to other statesâ?? fiscal woes no fewer than four times. Daniels, who is so fiscally conservative that one wonders whether he darns his own socks, is rightfully proud that his state hasnâ??t...
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The recession hits churches

May 26, 2009
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Churches, which tend to ride out recessions better than many other institutions, are struggling to finish building projects, reporter Kathleen McLaughlin writes in this weekendâ??s IBJ. The recession and stock market downturn have forced parishioners to scale back commitments,...
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Stressed college grads

May 19, 2009
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A new poll shows college grads are worried about finding jobs â?? no surprise there, considering the sorry state of the economy. But the poll, taken by Edison Media Research, also shows a third of them fretting about their...
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Report: Life sciences rocks

May 13, 2009
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Indiana University handed the stateâ??s life sciences industry a nice love letter today in the form of a study. Pharmaceuticals, medical equipment and health care supplies were responsible for nearly a fourth of all jobs created in the state...
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Scott Sanders on the recession

May 11, 2009
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One of Indianaâ??s better-known living authors, Scott Russell Sanders, has spent most of his career writing about our relationship to the environment and our sense of place. Sanders newest book, â??A Conservationist Manifesto,â?? published last month by Indiana University...
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Lessons from a small bank

May 4, 2009
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Sometimes one extreme sheds light on another extreme, and in a day when the nationâ??s financial system is under the microscope for making all manner of rotten loans, the experience of tiny Kentland Federal Savings & Loan Association might be...
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Return of the gas-guzzler?

April 29, 2009
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Americans are gravitating toward the kinds of vehicles theyâ??ll be buying for the next several years, says one of the nationâ??s leading automotive forecasters. John Wolkonowicz, senior auto analyst at IHS Global Insight, says the dominant vehicle of the future will...
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Fearful business buyers

April 22, 2009
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You might think people would be hankering to buy businesses, what with the frail economy tripping trap doors beneath more and more jobs. Not so, says the managing partner of the stateâ??s largest business brokerage. Ed Mysogland says the Web site for...
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Preparing for the turnaround

April 21, 2009
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In his conversations with business owners and CEOs, Carmel consultant Bud Roth sees attitudes about the recession changing, but not changing enough. Many leaders have figured out whether or not their organizations will survive, says Roth, who was vice president of...
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