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This Week's Paper
MAY 27-JUNE 2, 2013
This week, get an indepth look at new WellPoint CEO Joe Swedish, as the longtime hospital executive takes control of the nation's
second-largest health insurer and tries to figure out how to compete under the new rules of Obamacare. In Focus, meet two
across-the-street neighbors in Meridian-Kessler who both ended up on a Forbes list for top names in their industry. And
in A&E, Lou Harry takes notes on parenting from Indiana-born comedian Jim Gaffigan.
Front Page
FDIC sues executives over Irwin failure
The Federal Deposit Insurance Corp. has filed suit against four former officers of defunct Irwin Financial Corp. banks, alleging
they “closed their eyes to known risks” in approving loans that contributed to the banks’ 2009 takeover
by regulators.
$225M Westfield project in works
Developer Steve Henke’s vision for Grand Park Village is grand: a 20-acre lake surrounded by an East Coast-style boardwalk
lined with restaurants and shops. He sees a carousel at one end of the lake and a Ferris wheel at the other—with a beach,
mini marina and watering hole in between.
New WellPoint CEO Joe Swedish thrives on complexity
Joe Swedish, a career hospital executive, is now two months into his job at the helm of Indianapolis-based WellPoint, the
nation’s second-largest health insurer. In his first interview since starting work, Swedish indicated he’s taking
his time to learn the people and the culture of the vast organization he now leads.
Top Stories
High-profile developer chases Indy debut
Cleveland-based Forest City Enterprises Inc., developer of the 76-story New York by Gehry in New York City, is teaming with
Keystone Group in its bid to redevelop a prime piece of downtown real estate where Market Square Arena once stood.
Indy startup sees green in cheaper 3D printing
Launched in January, 3D Parts Manufacturing joined a recent surge in rapid prototyping and additive manufacturing operations
known as 3D printers. Rather than screwing and gluing parts together, operators plug digital designs into machines that shape
plastic and metal powders from the bottom up, one microscopic level at a time.
Homebuilder focuses on 'pocket' communities near Carmel attractions
Two Carmel natives operate Old Town Design, which is building small neighborhoods of new Craftsman-style homes in and near
downtown Carmel's old neighborhoods.
Finish Line's cash hoard could make it alluring target
The Indianapolis-based retailer is debt-free and has amassed $227 million in cash on its balance sheet. That works out to
$4.63 per share.
Feds used wire tap, undercover agent in Land Bank probe
A federal public-corruption task force used a wire tap and an undercover FBI agent to unravel a fraud scheme authorities say
was orchestrated by two city employees and three co-conspirators.
PROXY CORNER: Ameriana Bancorp
New Castle-based Ameriana Bancorp operates a dozen banking offices in north-central and central Indiana.
Focus
Indianapolis education up-and-comers are fierce competitors
Friends' competition for bragging rights lands both on Forbes' 30 Under 30 lists.
Indiana 8th-graders best most nations in math, science
In the same year the Legislature passed a set of sweeping reforms to improve Indiana’s public schools, Indiana’s
eighth-graders were scoring No. 7 in the world on an international math test.
A&E, etc.
LOU'S VIEWS: Jim Gaffigan's book offers notes on parenting from a funnyman father
The stand-up comic—and Indiana native—puts five kids’ worth of experience into book form. Plus, thoughts
on Dance Kaleidoscope’s ‘Barefoot Renegades.’
DINING: Libertine liberates diners from bar food norms
Last in a month-long series of Cultural Trail restaurant reviews.
BENNER: One Hoosier tradition is back; another has miles to go
The Indiana Pacers have returned from the depths, but the Indianapolis 500 might never reclaim its glory.
HETRICK: In Pendleton, living the good life on the edge of an edge city
If Carmel epitomizes edge city in central Indiana, then I’m now living on the edge of the edge.
Opinion
EDITORIAL: Open the Market Square Arena process
Mayor Greg Ballard should reverse his decision to keep the redevelopment proposals for the former Market Square Arena site
under wraps.
MAURER: Marriage equality going mainstream
When will Indiana become known as a state that welcomes all regardless of sexual orientation?
SHELLEY: Indiana architects finally get Good Samaritan bill
When a tornado swept through Henryville in 2012, I know plenty of Indiana architects who would have gladly volunteered their
time to help first responders assess the structural integrity of houses, school buildings, churches and stores.
RUSTHOVEN: Obama's Teflon starting to wear
The president’s had a bad fortnight. Worse lies ahead.
Kim: What investors should learn from Facebook's IPO fiasco
Facebook’s initial public offering on May 17, 2012, was the most highly anticipated IPO since Google’s in 2004.
As we know now, Facebook’s $38-a-share IPO turned out to be a fiasco from the moment NASDAQ catastrophically botched
the opening of trading.
Hicks: International trade is the exact opposite of war
Among economists of all stripes, it is well understood that international trade increases wealth, reduces poverty and generally
makes everyone better off in the long run. The only real question is whether the total economic benefits are immediately realized
or take just a few years to mature.
Broad Ripple project will stimulate spending
Some business are worried that Canal Pointe will detract from their income [May 11]. Without a doubt, this specific area needs
developing.
Closing long-term parking lot is short-sighted decision
I am sincerely baffled by the Indianapolis Airport Authority’s [May 6 online] decision to close long-term parking, the
closest surface lot to the terminal, essentially forcing all surface parking to the more distant economy lot.
In Brief
Indianapolis Indians seeking new ad agency
Indianapolis-based Hirons & Co. has held the contract for 10 years. But earlier this year, the Indians decided it was
time to see if Hirons or another agency had new ideas.
Stonegate raises $115M to fund jumbo mortgage expansion
The fast-growing Indianapolis-based firm will use the funds to fuel originations of loans not intended for government-backed
programs, as well as to build its portfolio of servicing contracts, CEO Jim Cutillo said.
Pittman pitches $90M mixed-use project for Zionsville
One of the highest-profile tracts of undeveloped land in Zionsville could be transformed into a commercial and residential
hub if Pittman Partners' 62-acre project gets the town’s blessing.
Kennedy partners with Olympic runner to buy shoe chain
Indiana running icon Bob Kennedy believes Movin Shoes Inc. has great potential for growth. Its California location doesn't
violate Kennedy's non-compete agreement with Indiana's BlueMile chain.
Pike Township audit focuses on misused gas card
A former secretary in the Pike Township trustee’s office could face criminal charges after an internal investigation
and state audit found that she used a township credit card to fill up her own gas tank.
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Laura-the festivals and tastings are free. What does is strengthen the sense of community with activities. What are those empty lots doing for the Village? it's sad you can't see the good that this progress can do for the area. No one is requiring anyone to shop there. I guess you'd rather see a Dollar store move in or no, we'd rather see the property stand empty b/c change is out of the question.
Read down to the part about Brizzi. Someone needs to subpoena his "purchases" of Red RockPictures and Cellstar and his corresponding bank records, I mean c'mon, I'd like to see his alcohol usage records, too. http://diana-vice.blogspot.com/2011_01_01_archive.html
Wonder if my neighborhood can advertise our "retention" pond and act like it is a beach too?
a new record at the '11 salebration until they realized that it was a futile effort to get their crapwagon moter and crapwagon car up speed. And then they just quietly slunk off into the night and never spoke of it again. Nothing to see here folks.
millions for putting a company's bumper sticker on one of its Lolas. But you gotta take what you can get.