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Economic Recovery
Productivity grew 3.6 percent in first quarter
May 6, 2010
Associated PressProductivity growth and falling labor costs are good for corporate profits but mean household incomes continue to be squeezed,
putting the economic recovery at risk.
MoreHotels slowly recovering from worst downturn in 40 years
May 1, 2010
Anthony SchoettleHotel occupancy rates in the last two years have plunged nationally and locally to levels not seen in decades, putting a number
of hotels at or near the financial breaking point. But relief finally appears to be on the way.
MoreAirport cargo-traffic rise could be sign of improving economy
April 20, 2010
Chris O'MalleyRetailers restocking lean inventories and more online purchases could be driving cargo uptick.
MoreWhite House hails economic gains, foretells slow recovery
April 4, 2010
Associated PressBuoyed by good news on the jobs front, the White House claimed credit Sunday for reversing the downward economic spiral while
bracing out-of-work Americans for a slow recovery.
MoreJobless claims drop more than expected
March 25, 2010
Associated PressNew claims for unemployment benefits fell more than anticipated last week—partially due to changes in the calculations—as
layoffs ease and hiring slowly recovers.
MoreIndiana's jobless rate holds steady at 9.7 percent
March 10, 2010
Scott OlsonThe state's unemployment rate in January remained unchanged from the seasonally adjusted figure of 9.7 percent Indiana reported
in December.
MoreIntellectual property practices in law firms recovering from recession
February 27, 2010
Norm HeikensPractices are beginning to thaw along with other areas of the economy.
MoreMARCUS: The recovery has taken root
February 27, 2010
Morton Marcusrom Madison to Merrillville and Elkhart to Evansville, the talk among businesspeople is positive. Customers are showing
more interest, orders are picking up. The data may not be there to support the good cheer, but economic data are always delayed.
MoreNational unemployment rate drops to 9.7 percent
February 5, 2010
Associated PressJanuary's report offers hope that employers may start adding jobs soon. Excluding the beleaguered construction industry, the
private sector as a whole added 63,000 positions.
MoreMARCUS: A heavenly suggestion for economic recovery
January 30, 2010
Morton MarcusThe federal stimulus programs are based largely on borrowing, not on taxation.
MoreEconomy bolts forward 5.7 percent in fourth quarter
January 29, 2010
Associated PressThere's more evidence that the recession is over, as businesses restock inventories and both corporate and consumer spending
increases.
MoreClarian to resume construction at Riley Hospital for Children
January 16, 2010
IBJ StaffIt’s the latest exhalation by a local hospital after massive
investment losses and a scary economy forced them to tighten their belts a year ago.
MoreSlump sets Hoosier job levels back 14 years
December 26, 2009
Norm HeikensThe 131,000 jobs lost
in the 12 months ended in November amounted to a 7.2-percent decline and were nearly equivalent to the combined populations
of Carmel and Fishers.
MoreJobless claims rise unexpectedly
December 10, 2009
Associated PressThe number of newly laid-off workers seeking jobless benefits rose more than expected last week, after falling for five straight
weeks.
MoreSome area manufacturers see blue sky after year dominated by recession
December 5, 2009
Kathleen McLaughlinThe recession decimated Indiana’s auto-parts makers, but many other manufacturers in the state survived. After a year
adrift in the recession, they see signs of land ahead.
MoreIU economists forecast tepid growth in 2010
November 5, 2009
Scott OlsonIndiana University economists offered a cautious but improving economic outlook for 2010, in which they expect the personal
income of Hoosiers to grow slightly and the state to add 50,000 jobs.
MoreIU: Indiana economy turned in March
October 7, 2009
Norm HeikensThe Indiana economy turned up in March, but the recovery has been slow and dogged. That's the picture painted by a new
monthly index unveiled Wednesday by the Indiana Business Research Center within the Kelley School of Business at Indiana University.
MoreMANN: Commercial real estate is next mortgage crisis
September 19, 2009
Brian MannThe cresting wave of maturing commercial real estate debt is the second act in our nation's credit crisis.
MoreKokomo plants benefit from 'clunkers' program
August 26, 2009
The federal government’s popular Cash for Clunkers program that ended Monday gave a boost to Kokomo’s Chrysler
plants.
MorePurdue prof: 'Clunkers' could stall retail sales
August 5, 2009
Kim PuckettThe federal 'Cash for Clunkers' program has opened a floodgate of car sales that President Obama says is a much-needed
boost for the economy. But retailers may feel the negative effects of America's collective investment in new cars, predicts
a Purdue Retail Institute researcher.
MoreBattered manufacturing towns hungry for food processors
July 27, 2009
Kathleen McLaughlinEconomic development officials like the stability of the food business, though wages typically are mediocre.
MoreUnprecedented economic forecast revision will frame special session
June 1, 2009
Peter SchnitzlerWith the help of outside economists, Indiana government undergoes an economic forecast every other yearâ??a process that's
taken on increased importance this spring, as Gov. Mitch Daniels and the Legislature attempt to craft a two-year budget amid
the deepest recession since the early 1980s.
MoreCentral Indiana could lead economic recovery
April 27, 2009
Drew KlacikEvery day, we get more bad economic news. While I'm not smart enough to know when the global economy will rebound or how strong
the rebound will be, I do believe central Indiana and the Midwest are well-positioned to lead the recovery.
MoreProlonged woes reshape Connersville, city once known as 'Little Detroit'
April 13, 2009
Kathleen McLaughlinWith economists predicting the statewide unemployment average will reach 10 percent this year, the experience of a hard-hit
city like Connersville offers a glimpse of what lies ahead for other manufacturing-reliant Hoosier communities.
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First, let me say that I love the idea of communities being self-sufficient and people in the community not needing cars, living, working and shopping all in their neighborhood. To sum it up; I love good urban planning and hate urban sprawl. However, there are two reasons that I am against this development. First, this building doesn't fit. Density can occur in Ripple by building up top the street and better use of land. The scale of this project should be downtown. Secondly, I would be willing to bet that if a whole foods in Ripple is built, the Nora store would be closed. Here's my reasoning. The Nora Whole Foods expansion plans have been put on hold. I'm guessing they are waiting to see what happens with the Ripple proposal. Communities next to each other should work together to end sprawl and not work against each other and take other neighbors assets. Develop something both communities can be proud of and will attract more development and density. There's my soap box for the day.
My apologies, Lou - it was the Indy Star that printed cost for entertaining "celebrities" during Indy 500. Sorry for confusing the always timely IBJ with Indy's Gannett reprint news source.
That's fine if you want a grocery store that has festivals and live music. I guess with the prices they charge, they can afford to host such activities. As for me, I choose to spend my money more wisely and if I want to go to a festival or a concert, I will pay for that separately - not through my grocery bill.
TIF is not just to attract development but to attract a higher use for that development. Carmel wisely is using TIF for numerous public parking garages. Asphalt seas of parking pay little taxes and bring even less value to a commercial area. Also density is what is going to save Indy and Broad Ripple. The days of trying to compete with burbs are long gone.
The Prestige was an awesome movie.