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Property Lines
Scott Olson
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The Score
Anthony Schoettle
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North of 96th
Andrea Muirragui Davis
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The Dose
J.K. Wall
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Recent Blog Posts

You-review-it Monday

Bruce Hetrick
January 14, 2008
Comments(5)
What did you see, read or experience this weekend? Did you join the crowd at “End Days” at the Phoenix? Hear Marvin Hamlisch with the Indianapolis Symphony Orchestra? Contemplate the totems at the Eiteljorg? Catch the opening of “Say You Love...
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Conservancy plans 'green' HQ

Cory Schouten
January 11, 2008
Comments(25)
The Nature Conservancy has agreed to buy an old industrial property on the eastern edge of downtown to develop a new Indiana headquarters. The $4.5 million project will revitalize...
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Hamlisch and show music matters

Bruce Hetrick
January 11, 2008
Comments(0)
Appreciative applause met Marvin Hamlisch when, just a few hours ago, he announced from the podium at the Hilbert Circle Theatre that he’d be conducting a medley of songs from “My Fair Lady” as part of his pops program with...
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Toyota's quality problems

January 11, 2008
Comments(2)
The luster on Toyotaâ??s reputation for putting out highly reliable vehicles is beginning to tarnish. The Japanese carmaker is taking it on the chin for a series of quality issues, and the Tundra full-size pickup truck made near Evansville is causing...
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Mortgages are getting cheap

January 10, 2008
Comments(3)
Mortgage rates are falling. This week, rates on 30-year mortgages slipped below 6 percent for the first time in more than two years. Are the cheaper rates putting you in a mood to refinance or step up to that house youâ??ve...
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Tell it to the Marines

Bruce Hetrick
January 10, 2008
Comments(3)
Today’s New York Times features an enlightening story about Mishawaka-native Adam Driver, a former University of Indianapolis student who organized an evening theater performance for the Marines at Camp Pendleton. Driver, an honorably discharged Marine himself, had the notion that Marines...
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Updates on downtown projects

Cory Schouten
January 9, 2008
Comments(19)
By popular demand, here are a few updates on new development projects: The Maxwell is coming out of the ground on schedule, but sales have been slow so far,...
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Supremes appear to back voter law

January 9, 2008
Comments(2)
Questions posed by U.S. Supreme Court justices today suggest they might be reluctant to overturn Indianaâ??s voter ID law. Reports from the proceedings quote Justice Anthony Kennedy, often a swing vote on the court, as asking why the court should be...
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  1. Apologies for the wall of text. I promise I had this nicely formatted in paragraphs in Notepad before pasting here.

  2. I believe that is incorrect Sir, the people's tax-dollars are NOT paying for the companies investment. Without the tax-break the company would be paying an ADDITIONAL $11.1 million in taxes ON TOP of their $22.5 Million investment (Building + IT), for a total of $33.6M or a 50% tax rate. Also, the article does not specify what the total taxes were BEFORE the break. Usually such a corporate tax-break is a 'discount' not a 100% wavier of tax obligations. For sake of example lets say the original taxes added up to $30M over 10 years. $12.5M, New Building $10.0M, IT infrastructure $30.0M, Total Taxes (Example Number) == $52.5M ININ's Cost - $1.8M /10 years, Tax Break (Building) - $0.75M /10 years, Tax Break (IT Infrastructure) - $8.6M /2 years, Tax Breaks (against Hiring Commitment: 430 new jobs /2 years) == 11.5M Possible tax breaks. ININ TOTAL COST: $41M Even if you assume a 100% break, change the '30.0M' to '11.5M' and you can see the Company will be paying a minimum of $22.5, out-of-pocket for their capital-investment - NOT the tax-payers. Also note, much of this money is being spent locally in Indiana and it is creating 430 jobs in your city. I admit I'm a little unclear which tax-breaks are allocated to exactly which expenses. Clearly this is all oversimplified but I think we have both made our points! :) Sorry for the long post.

  3. Clearly, there is a lack of a basic understanding of economics. It is not up to the company to decide what to pay its workers. If companies were able to decide how much to pay their workers then why wouldn't they pay everyone minimum wage? Why choose to pay $10 or $14 when they could pay $7? The answer is that companies DO NOT decide how much to pay workers. It is the market that dictates what a worker is worth and how much they should get paid. If Lowe's chooses to pay a call center worker $7 an hour it will not be able to hire anyone for the job, because all those people will work for someone else paying the market rate of $10-$14 an hour. This forces Lowes to pay its workers that much. Not because it wants to pay them that much out of the goodness of their heart, but because it has to pay them that much in order to stay competitive and attract good workers.

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  5. It is sad to see these races not have a full attendance. The Indy Car races are so much more exciting than Nascar. It seems to me the commenters here are still a little upset with Tony George from a move he made 20 years ago. It was his decision to make, not yours. He lost his position over it. But I believe the problem in all pro sports is the escalating price of admission. In todays economy, people have to pay much more for food and gas. The average fan cannot attend many events anymore. It's gotten priced out of most peoples budgets.

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