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?...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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,...
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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,...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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  1. Really, taking someone managing the regulation of Alcohol and making himthe President of an IVY Tech regional campus. Does he have an education background?

  2. Jan, great rant. Now how about you review the report and offer rebuttal of the memo. This might be more conducive to civil discourse than a wild rant with no supporting facts. Perhaps some links to support your assertions would be helpful

  3. I've lived in Indianapolis my whole and been to the track 3 times. Once for a Brickyard, once last year on a practice day for Indy 500, and once when I was a high school student to pick up trash for community service. In the past 11 years, I would say while the IMS is a great venue, there are some upgrades that would show that it's changing with the times, just like the city is. First, take out the bleachers and put in individual seats. Kentucky Motor Speedway has individual seats and they look cool. Fix up the restrooms. Add wi-fi. Like others have suggested, look at bringing in concerts leading up to events. Don't just stick with the country music genre. Pop music would work well too I believe. This will attract more young celebrities to the Indy 500 like the kind that go to the Kentucky Derby. Work with Indy Go to increase the frequency of the bus route to the track during high end events. That way people have other options than worrying about where to park and paying for parking. Then after all of this, look at getting night lights. I think the aforementioned strategies are more necessary than night racing at this point in time.

  4. Talking about congestion ANYWHERE in Indianapolis is absolutely laughable. Sure you may have to wait in 5 minutes of traffic to travel down BR avenue during *peak* times. But that is absolutely nothing compared to actual big cities. Indy is way too suburban to have actual congestion problems. So please, never bring up "congestion" as an excuse to avoid development in Indianapolis. If anything, we could use a little more.

  5. Oh wait. Never mind.

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