Outside Indianapolis Blog Posts

The root of Indiana's myriad problems

November 22, 2010
Comments(37)
Longtime economist Morton Marcus says the objective truth is that Indiana is in decline. He also insists the solution is a change in the culture, not just job creation.
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Privatized economic development still controversial

October 11, 2010
Comments(2)
Indiana's system collects mixed reviews as candidates for governor in other states criticize their public agencies.
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Mayors: Time to kick the unemployed in the keister

September 24, 2010
Comments(27)
Marion's Wayne Seybold and Greenfield's Brad DeReamer say too many people would rather collect unemployment than look for work.
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Indiana is a bigger Amish state than you think

September 10, 2010
Comments(7)
How much longer until even Pennsylvania is eclipsed?
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New venture capital firm off to blazingly fast start

September 9, 2010
Comments(0)
Cultivian Ventures began investing in a no-man's land just as the financial crisis ramped up, and now it's already considering a second fund.
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Indiana GOP candidates for U.S. House unanimously pledge to repeal health reform

September 8, 2010
Comments(6)
All nine Republicans—count 'em—have signed a pledge. What is that telling us?
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Dreaded Asian carp headed toward Indy

August 19, 2010
Comments(8)
Invasive species that decimates food chains and riles boaters is swimming up the White River, expert says.
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Market losses hammer Indiana colleges

August 16, 2010
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Three institutions flagged by U.S. Department of Education financial responsibility test.
 
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U.S. effectively bankrupt, economist says

August 12, 2010
Comments(5)
Boston University’s Kotlikoff warns the U.S. is actually in worse shape than Greece.
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Hyundai hole in Indiana

August 9, 2010
Comments(4)
The rising Korean industrial giant is building another plant in the U.S., but not in Indiana.
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DePauw's tricky decision

August 3, 2010
Comments(14)
Was spurning Carmel hazing suspect the right call?
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Is alternative energy sustainable in Indiana?

July 7, 2010
Comments(4)
An economic development observer questions what will happen after the feds turn off the tap.
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A peer remembers Will Koch

June 14, 2010
Comments(3)
An admiring amusement park operator says nobody managed better than the late CEO of Holiday World & Splashin’ Safari.
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Bloomington chamber steps into Arizona boycott debate

June 11, 2010
Comments(28)
The real hurt is being felt right in Bloomington, the biz group complains.
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Recession poster child bouncing back

June 9, 2010
Comments(2)
The Elkhart area—used as a backdrop three times by Barack Obama to talk up his economic policies—is making a comeback.
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Nipping estate feuds in the bud

June 7, 2010
Comment(1)
A lawyer says too many parents withhold information about estate from heirs and unwittingly set up the heirs for a battle.
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Regulators ripped in Irwin Financial postmortem

May 5, 2010
Comments(2)
The Chicago Fed missed several chances to rein in explosive growth before the prominent bank failed. But the deeper question is, what was Will Miller thinking?
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Indiana's smelly news

April 22, 2010
Comment(1)
If it isn’t huge methane bubbles in manure pits, its drug suspects actually hiding in the stuff.
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Ready for subsidized vacation?

April 21, 2010
Comments(6)
Vacations are evolving into a “human right” in the European Union. So, you guessed it, subsidies are next. But an IU prof who’s a native of France isn’t sure it’s a good idea.
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Indiana's place in a globalized economy

April 20, 2010
Comments(0)
How will the state stand up against booming—and highly innovative—emerging nations?
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Showdown for ethanol

April 19, 2010
Comments(6)
Powerful new lobbies are fighting over the future of the controversial industry. Who are they appealing to? You.
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Trouble in life-sciences paradise

April 12, 2010
Comments(2)
Bloomington is struggling to keep its edge, a report says. And Bill Cook isn’t happy about it.
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Carbon Motors, the anti carmaker

April 6, 2010
Comments(3)
The upstart cop car manufacturer is doing lots of things differently, including the way they track your car.
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Perils of non-family managers

February 25, 2010
Comments(0)
A former Toyota exec blasts non-family managers for the company’s problems. Are some Indianapolis-area companies better- or worse-off after families relinquished control?
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Go west (to Hendricks County)

February 16, 2010
Comments(4)
The economy is as good or better in Hendricks County than anywhere else in the Indianapolis area.
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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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