Economic Analysis

HICKS: Courage will be necessary to curb inflationRestricted Content

March 6, 2010
Mike Hicks
Inflation causes lenders to raise interest rates. Businesses slow their borrowing, produce less and require fewer workers. Within a year or so, inflation becomes everyoneâ??s problem.
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HICKS: Cash-strapped cities paying for prior choicesRestricted Content

February 27, 2010
Mike Hicks
We are making budget cuts today that could well have been slowly phased-in for a generation. What are the implications?
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HICKS: Tenure is protectionism in a tweed jacketRestricted Content

February 20, 2010
Mike Hicks
Academic tenure, with its promise of lifelong employment based upon five to seven years of work experience, is silly and makes those of us who have pursued a career in teaching and research look disingenuous.
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HICKS: A growing love connection to new mediaRestricted Content

February 13, 2010
Mike Hicks
Changes in media, especially new media, will alter the life of my kindergartner. I am no futurist, but it seems to me that three big trends are clearly emerging.
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HICKS: Economic uncertainty is crushing job growthRestricted Content

February 6, 2010
Mike Hicks
Businesses take risks. Risk tolerance is the hallmark of a successful businessman and entrepreneur. But those same businesses dread uncertainty.
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HICKS: So far, federal stimulus plan isn't stimulating

January 30, 2010
Mike Hicks
It has been roughly a year since the passage of the economic stimulus, formally the more harmonious American Recovery and Reinvestment Act. This stimulus is a textbook example of what we economists call counter-cyclical fiscal policy.
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HICKS: When it comes to migration, people follow the moneyRestricted Content

January 23, 2010
Mike Hicks
Folks tend to migrate to warmer, sunnier and more tax-friendly places.
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HICKS: Urban-to-rural state tax flow makes senseRestricted Content

January 16, 2010
Mike Hicks
With only a few exceptions, tax dollars flow from urban counties to rural counties.
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HICKS: Bloomington's chain store debate a tough sellRestricted Content

January 2, 2010
Mike Hicks
We have this little thing called an equal protection clause that prevents us singling out so clearly a chain store.
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HICKS: Reducing deficit imperative for national prosperity

December 26, 2009
Mike Hicks
The end of this decade is as good a time as any to reflect upon what has passed. We’ve had wars, two recessions, three presidents, five Congresses and 10 Bowl Championship Series teams. Our population has risen, employment has risen, and personal income has risen. The average American family is healthier, wealthier and, ideally, wiser. However, to listen to political rhetoric today, you’d think we’ve been living in the darkest of ages.
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HICKS: Recession may help close job-skills gapRestricted Content

December 12, 2009
Mike Hicks
One of the most important effects of the recession â??lower employment â?? is likely to be stubbornly persistent.
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HICKS: Scandal may put chill on global-warming researchRestricted Content

December 5, 2009
Mike Hicks
A long series of leaked or hacked e-mails strongly indicate that several prominent climate scientists have hidden data, conspired to hide unfavorable findings, and doctored scientific evidence.
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HICKS: New breast cancer recommendation not supportedRestricted Content

November 28, 2009
Mike Hicks
Under the current proposal, the same type of groups that made the CDC's recommendations will outline guidelines about which treatment will be offered under a government program.
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HICKS: Nutritional poverty plagues land of plentyRestricted Content

November 21, 2009
Mike Hicks
It is not sufficient merely to provide sustenance; we need to teach folks how and what to eat.
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HICKS: Content expertise best basis for teacher licensingRestricted Content

November 14, 2009
Mike Hicks
At a time when we are desperate for science and math teachers, and when several big firms are laying off scientists, we should be jumping at the chance to get them into the classroom.
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HICKS: Families of veterans also serve their countryRestricted Content

November 7, 2009
Mike Hicks
I have to note that Nov. 11 is Veterans Day. It is rightfully a time we thank those among us who have served.
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HICKS: Recession results in 'great deleveraging'Restricted Content

October 31, 2009
Mike Hicks
On virtually every meaningful measure, this recession stacks up as only the third or fourth worst post-World War II recession, but its effects are much more profound in a few areas. One area that will be most apparent is the changes the economy has wrought on consumer credit.
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HICKS: Non-market valuation is an important planning toolRestricted Content

October 24, 2009
Mike Hicks
One of the more intriguing things economists are called upon to do is what is known as non-market valuation. This is a process for estimating a â??priceâ?? of something that isnâ??t typically bought or sold.
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HICKS: Flu season offers prelude to health care reformRestricted Content

October 17, 2009
Mike Hicks
This flu season looks to provide us an inkling of the real dangers inherent in large-scale health care reform, most especially a full-blown national health care option.
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HICKS: Labor market woes persist as recession wanesRestricted Content

October 10, 2009
Mike Hicks
So, the problem isn't necessarily a big spike in job losses, but in much lower job-creation numbers.
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HICKS: What a third-grader gets about economic policy

October 3, 2009
Mike Hicks
Business and people now, and in the future, will choose to locate in places that have the right mix of taxes and public services.
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HICKS: Post-recession policies matter more than theory

September 12, 2009
Mike Hicks
There's a wonderful fight brewing between some of the world's best-known economists.
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HICKS: Card check folly and the demise of unionsRestricted Content

September 5, 2009
Mike Hicks
This Labor Day sees the American labor movement in serious decline. In fact, U.S. private-sector union membership has been in serious decline for three decades.
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HICKS: Clunkers popularity went beyond consumers

August 29, 2009
Mike Hicks
The Cash for Clunkers program has seriously challenged my high-mindedness. It is time for a bit of soul searching.
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HICKS: As classes begin, students have fresh opportunity

August 24, 2009
Mike Hicks
Classes start this week at Ball State University, and other colleges and universities across the country. For many, it is a bittersweet moment, as parents say goodbye to their now young adults, handing them over to professors and scarily youthful resident hall assistants for safekeeping.
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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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