News & Analysis

NFL, players face expiration of labor contract

March 11, 2011
Associated Press
With the NFL on the brink of its first work stoppage in nearly a quarter of a century, Commissioner Roger Goodell and union head DeMaurice Smith met at a federal mediator's office Friday, the day the league's twice-extended labor contract was set to expire.
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Local home sales continue downward slide

March 11, 2011
Home-sale agreements in the nine-county Indianapolis area fell 16.7 percent in February compared to the same month in 2010, marking 10 straight months of declining sales.
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Law student taps connections for shoe startup

March 11, 2011
Kathleen McLaughlin
Arsene Millogo is sitting out the current semester at IU School of Law-Indianapolis to work on his own line of running shoes, a startup he and three friends financed with more than $50,000 of their own money.
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Retail sales up 1 percent in February

March 11, 2011
Associated Press
Shoppers snapped up new cars, clothing and electronics gadgets in February, pushing retail sales up for the eighth straight month.
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Indiana University to offer workers buyout plan

March 11, 2011
Associated Press
Indiana University is drafting plans to offer thousands of university employees a voluntary retirement buyout.
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$8 million estate to benefit 13 local groups

March 11, 2011
Kathleen McLaughlin
Local attorney Lawrence Reuben has chosen two fledgling organizations—the Immigrant Welcome Center and Grameen Bank of Indiana—for the largest of $8 million in gifts from his mother’s estate.
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Indiana closes monument for repairs

March 10, 2011
Associated Press
Indiana says it's closing the Soldiers' and Sailors monument in downtown Indianapolis until November for repairs.
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Merger with Teradata fueling Aprimo's growth

March 10, 2011
Godfrey Watch VideoAprimo Inc. ratchets up customers, sales and market presence under new owner Teradata, and will continue job growth plans for Indianapolis.
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Thousands gather for union rally at Statehouse

March 10, 2011
 IBJ Staff and Associated Press
Thousands of Indiana union members held signs, chanted slogans and cheered speakers outside the Statehouse on Thursday at a rally to protest Republican-backed bills they consider an attack on public education and labor unions.
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Massive Indy startup group heads south for convention

March 10, 2011
Francesca Jarosz
More than 100 local technology entrepreneurs will depart Thursday for what some call the Super Bowl of the startup world: the South by Southwest Interactive Conference.
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State unemployment rate dips to 9.1 percent

March 10, 2011
After topping out at 10.2 percent last summer, Indiana's jobless rate has been steadily declining.
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Hurco turns first quarterly profit in two years

March 10, 2011
The Indianapolis-based machine tool maker reported profit of $1.5 million on revenue of $39.7 million in its fiscal first quarter.
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Irsay, Simon tie on magazine's world's-richest list

March 10, 2011
 IBJ Staff
In a feat not possible for their teams, Indiana Pacers owner Herb Simon and Indianapolis Colts owner Jim Irsay tied for 879th place on Forbes magazine’s annual list of the richest people in the world. Bill Cook and Dean White also made the list.
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Senate panel considers proposal to expand charters

March 9, 2011
Associated Press
The Senate Education Committee heard hours of testimony about the bill and details of a new study that found Indiana students who transferred to charter schools showed greater learning gains than their peers who stayed in traditional public schools.
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Indiana House leaders more genial over boycott

March 9, 2011
Associated Press
More than two weeks after Democratic lawmakers fled Indiana to block GOP-backed legislation, both sides gave optimistic signals Wednesday about resolving the stalemate.
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Local business accused of selling illegal immigration services

March 9, 2011
The Indiana Attorney General's Office filed suit Wednesday against The Mexican Civic Association of Indiana Inc. for allegedly offering immigration advice without a license to practice law.
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Charter-school boosters tout findings of new study

March 9, 2011
Francesca Jarosz
Charter-school advocates are touting a Stanford University study released Wednesday as support for their case to expand charters throughout the state.
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Virginia not-for-profit suing Duke Realty for $30M

March 9, 2011
Military think tank CNA claims Duke Realty breached its obligations as landlord by selling land in Alexandria to the Department of Defense, which plans to build a bomb-inspection facility on the site.
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Smoking concerns cloud city’s hosting of Big Ten tourney

March 9, 2011
Scott Olson
A group of Michigan State University alumni are upset that their school is paired with the Slippery Noodle Inn, a smoking establishment, in a city promotion that matches Big Ten universities with downtown bars and restaurants during the men's basketball tournament.
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LEADING QUESTIONS: Sarah Evans Barker won't stop

March 9, 2011
Mason King
LQ_Barker_WatchVideoHow did Indiana's first female federal judge go from clueless student to the bench? Would she be a good fit for the Supreme Court? When will she retire? Sarah Evans Barker presents her findings.
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New federal rules prompt ITT to change bonus-pay criteria

March 9, 2011
Scott Olson
The Carmel-based for-profit educator still will pay its top executives bonuses, but they'll no longer be tied to school enrollment, the company said Tuesday in a proxy filing.
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Competition seeks ideas for Monument Circle

March 9, 2011
A competition that could influence the future look and use of Monument Circle was unveiled Wednesday morning by a partnership that includes the city of Indianapolis and the state of Indiana.
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Northstar Aerospace closing Anderson plant; 48 jobs lost

March 9, 2011
Workers will be let go in three stages beginning May 1, and the plant is expected to permanently close by June 24.
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Lilly suffers another bruise from Novo

March 9, 2011
J.K. Wall
The failure of its drug Bydureon to match the performance of Novo’s Victoza trims but doesn’t kill sales prospects for the highly touted diabetes drug.
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Health insurance costs spike worldwide

March 9, 2011
J.K. Wall
Think galloping health insurance costs are a problem unique to American employers? Think again. Medical costs paid by employer-focused health insurers rose by an average of 10 percent last year—identical to the United States.
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  1. By Mr. Lee's own admission, he basically ran pro-bono ads on the billboard. Paying advertisers didn't want ads on a controversial, ugly billboard that turned off customers. At least one of Mr. Lee's free advertisers dropped out early because they found that Mr. Lee's advertising was having negative impact. So Mr. Lee is disingenous to say the city now owes him for lost revenue. Mr. Lee quickly realized his monstrosity had a dim future and is trying to get the city to bail him out. And that's why the billboard came down so quickly.

  2. Merchants Square is back. The small strip center to the south of 116th is 100% leased, McAlister’s is doing well in the outlot building. The former O’Charleys is leased but is going through permitting with the State and the town of Carmel. Mac Grill is closing all of their Indy locations (not just Merchants) and this will allow for a new restaurant concept to backfill both of their locations. As for the north side of 116th a new dinner movie theater and brewery is under construction to fill most of the vacancy left by Hobby Lobby and Old Navy.

  3. Yes it does have an ethics commission which enforce the law which prohibits 12 specific items. google it

  4. Thanks for reading and replying. If you want to see the differentiation for research, speaking and consulting, check out the spreadsheet I linked to at the bottom of the post; it is broken out exactly that way. I can only include so much detail in a blog post before it becomes something other than a blog post.

  5. 1. There is no allegation of corruption, Marty, to imply otherwise if false. 2. Is the "State Rule" a law? I suspect not. 3. Is Mr. Woodruff obligated via an employment agreement (contractual obligation) to not work with the engineering firm? 4. In many states a right to earn a living will trump non-competes and other contractual obligations, does Mr. Woodruff's personal right to earn a living trump any contractual obligations that might or might not be out there. 5. Lawyers in state government routinely go work for law firms they were formally working with in their regulatory actions. You can see a steady stream to firms like B&D from state government. It would be interesting for IBJ to do a review of current lawyers and find out how their past decisions affected the law firms clients. Since there is a buffer between regulated company and the regulator working for a law firm technically is not in violation of ethics but you have to wonder if decisions were made in favor of certain firms and quid pro quo jobs resulted. Start with the DOI in this review. Very interesting.

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