Economy Blog Posts

C.P. Morgan aftermath

February 27, 2009
Comments(33)
Tract house builder C.P. Morgan officially bites the dust today. Which raises plenty of questions: --Has anyone else been more influential in the type of housing stock built in the Indianapolis area in the past decade than Chuck Morgan?...
More

Gold at $1,000 an ounce

February 20, 2009
Comments(3)
The gold hawkers are right, at least for now. Gold has been a better investment than stocks, bonds and other conventional places to park moneyâ??hitting $1,000 an ounce today. That signals investors are nervous about prospects for the economy...
More

Tap the rainy day fund?

February 9, 2009
Comments(11)
The weakening economy is producing worse and worse tax revenue forecasts for Indiana. As a result, Democrats are calling for Gov. Mitch Daniels, a Republican, to open the stateâ??s $1.3 billion rainy day fund. Tough times like these are what...
More

Obama and executive salary caps

February 5, 2009
Comments(9)
All things considered, there shouldnâ??t be a fuss about President Obamaâ??s plan to cap salaries of executives in companies that receive federal bailouts. Thatâ??s the take of Dan Dalton, an Indiana University specialist on corporate governance. Dalton points out that...
More

Foreign-born entrepreneurs

February 2, 2009
Comments(9)
Midwestern cities donâ??t attract a lot of immigrants, and Indianapolis is no exception. The weather is uncomfortable and the region has a reputation for close-mindedness â?? not the kind of place where newcomers want to sink roots. A recent blog...
More

Working longer in 'retirement'

January 22, 2009
Comments(2)
Before the most recent recession began in late 2007 and wiped out many a savings account, other factors already were forcing more Americans to delay their retirement dreams. Mainly, weâ??re living longer, which means retiring at the traditional age...
More

Daniels' budget axing priorities?

January 7, 2009
Comments(14)
Gov. Mitch Daniels said yesterday he wants to spare schools and public safety from the scalpel as he looks to prepare an honestly balanced budget during a time of declining tax revenue. But Democrats accuse the Republican of crimping...
More

Tough budget choices for state

December 29, 2008
Comments(3)
Gov. Mitch Daniels has ordered a string of budget cuts as the recession hammers tax revenue, and the upcoming General Assembly promises to generate squabbles over what little money is left to spend. If you were governor, what would...
More

Nearly free money on the way?

December 15, 2008
Comments(6)
The Federal Reserve this week is expected to drop the rate at which banks loan money to each other below 1 percent. That means interest rates on loans for just about everything, from cars to housing, eventually would fall further. The...
More

Utility of WARN notices

December 11, 2008
Comments(2)
In times like these, what do you think of the Worker Adjustment and Retraining Notification Act, commonly called the WARN Act or WARN notices? The federal law was passed in 1988 to give employees 60 daysâ?? notice of an impending layoff,...
More

Gall about the jobs bank

December 4, 2008
Comments(6)
The jobs bank has come to symbolize whatever the general public thinks is wrong with the United Auto Workers and Detroit car companies. For many years, the UAW contract has stipulated that laid-off workers be paid nearly their entire compensation. Now,...
More

The plethora of car dealers

December 3, 2008
Comments(6)
Open a local phone book or punch in a Google search on car dealers, and itâ??s immediately apparent Detroit companies have many, many more dealers than their foreign competitors. Chevrolet and Ford, for instance, each have more than a dozen dealers...
More

Saving our way deeper into a hole

November 20, 2008
Comments(2)
A recent article in The Economist predicts a deep recession next year if we Americans abandon our spendthrift ways and swing back to a savings lifestyle. What other nation, the magazine wonders, would buy enough things to keep...
More

A tiny Indiana bank and the bailout

November 18, 2008
Comments(7)
Newton County Loan & Savings bank couldnâ??t be more out of the way â?? or more relevant in this day of government bailouts. The thrift is in Goodland, a burg between Lafayette and Chicago, and has all of $7.3 million in...
More

Bail out Detroit?

November 17, 2008
Comments(3)
Two schools of thought are emerging over the proposed bailout of General Motors, Ford and Chrysler. One is that the auto industry is too big to fail. Itâ??s not just because of the manufacturing operations and all the suppliers...
More

Headhunter: Market not so bad

October 31, 2008
Comments(6)
A corporate recruiter says employers in Indianapolis arenâ??t acting like their counterparts elsewhere in the country, if headlines are to be believed. The employment market here has stayed fairly resilient, says Steve Mattei, a partner in Pinnacle Partners Inc. Pinnacle specializes in...
More

United Way CEO: merge nonprofits

October 23, 2008
Comment(1)
As the economy slows and money gets scarce, banks arenâ??t the only organizations that should consider merging. Thatâ??s how United Way of Central Indiana CEO Ellen Annala sees the landscape. The Indianapolis area has a whopping 16,000 not-for-profits, she says, one for...
More

Is your job secure?

October 22, 2008
Comments(3)
Waves of layoffs are going to hit the country as banks tighten lending and companies cut costs, BusinessWeek predicted in an article this week. Unlike the dot-com and housing busts of recent years, this time just about every industry...
More

Reasons not to retire

October 1, 2008
Comments(7)
Plenty of people plan to work until at least age 67, when eligibility for full Social Security benefits kicks in, a new study shows. And itâ??s not just for the money. Many say remaining in the workplace will help them...
More

Cheering up the real estate crowd

September 30, 2008
Comment(1)
Imagine being asked to speak to a crowd hit by the biggest downturn in its industry in decades, and motivate them to get back out there and keep selling. Or try to sell. Thatâ??s what Dan Lappin faces when he speaks...
More

Bloodbath on Wall Street

September 29, 2008
Comments(4)
Thereâ??s no time like an election to make politicians nervous about taking a stand on a controversial issue, and this afternoonâ??s House vote on the $700 billion bailout plan is no exception. Many Republicans and some Democrats, leery about facing voters...
More

Gun sales are booming

September 29, 2008
Comments(7)
The ongoing crime wave in Indianapolis has resulted in a surge in gun sales, WXIN-TV Channel 59 reports. With each big crime comes another spurt in purchases. Indianapolis police say applications for first-time permits in July were up 15 percent...
More

Stability versus boom-and-bust

September 25, 2008
Comments(5)
Itâ??s a rare person who enjoys the asset bubbles and boom-and-bust cycles that afflict the U.S. economy, most recently the subprime mortgage crisis and implosions on Wall Street. But Purdue University economist David Hummels contends that the United States deals with...
More

Bailing out Detroit carmakers

September 10, 2008
Comments(4)
Executives of General Motors, Ford and Chrysler are optimistic about their chances of getting inexpensive federal loans to help tide them through the credit crunch and sales downturn. The discussions, which have come to light in recent weeks, have the execs...
More

Indy a diamond in the rough

September 8, 2008
Comments(4)
Just about every young, college-educated Midwesterner has given up hope and moved to the South or West, right? A story that appeared in IBJ over the weekend suggests otherwise. The Indianapolis area leads nearly all other large Midwestern cities...
More

Page  << 1 2 3 4 5 6 7 8 >> pager
ADVERTISEMENT
Sponsored by
ADVERTISEMENT
  1. How much you wanna bet, that 70% of the jobs created there (after construction) are minimum wage? And Harvey is correct, the vast majority of residents in this project will drive to their jobs, and to think otherwise, is like Harvey says, a pipe dream. Someone working at a restaurant or retail store will not be able to afford living there. What ever happened to people who wanted to build buildings, paying for it themselves? Not a fan of these tax deals.

  2. Uh, no GeorgeP. The project is supposed to bring on 1,000 jobs and those people along with the people that will be living in the new residential will be driving to their jobs. The walkable stuff is a pipe dream. Besides, walkable is defined as having all daily necessities within 1/2 mile. That's not the case here. Never will be.

  3. Brad is on to something there. The merger of the Formula E and IndyCar Series would give IndyCar access to International markets and Formula E access the Indianapolis 500, not to mention some other events in the USA. Maybe after 2016 but before the new Dallara is rolled out for 2018. This give IndyCar two more seasons to run the DW12 and Formula E to get charged up, pun intended. Then shock the racing world, pun intended, but making the 101st Indianapolis 500 a stellar, groundbreaking event: The first all-electric Indy 500, and use that platform to promote the future of the sport.

  4. No, HarveyF, the exact opposite. Greater density and closeness to retail and everyday necessities reduces traffic. When one has to drive miles for necessities, all those cars are on the roads for many miles. When reasonable density is built, low rise in this case, in the middle of a thriving retail area, one has to drive far less, actually reducing the number of cars on the road.

  5. The Indy Star announced today the appointment of a new Beverage Reporter! So instead of insightful reports on Indy pro sports and Indiana college teams, you now get to read stories about the 432nd new brewery open or some obscure Hoosier winery winning a county fair blue ribbon. Yep, that's the coverage we Star readers crave. Not.

ADVERTISEMENT