Economic Recovery

National unemployment rate drops to 9.7 percent

February 5, 2010
Associated Press
January'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.
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MARCUS: A heavenly suggestion for economic recovery

January 30, 2010
Morton Marcus
The federal stimulus programs are based largely on borrowing, not on taxation.
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Economy bolts forward 5.7 percent in fourth quarter

January 29, 2010
Associated Press
There's more evidence that the recession is over, as businesses restock inventories and both corporate and consumer spending increases.
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Clarian to resume construction at Riley Hospital for Children

January 16, 2010
 IBJ Staff
It’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.
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Slump sets Hoosier job levels back 14 years

December 26, 2009
Norm Heikens
The 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.
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Jobless claims rise unexpectedly

December 10, 2009
Associated Press
The number of newly laid-off workers seeking jobless benefits rose more than expected last week, after falling for five straight weeks.
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Some area manufacturers see blue sky after year dominated by recessionRestricted Content

December 5, 2009
Kathleen McLaughlin
The 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.
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IU economists forecast tepid growth in 2010

November 5, 2009
Scott Olson
Indiana 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.
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IU: Indiana economy turned in March

October 7, 2009
Norm Heikens
The 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.
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MANN: Commercial real estate is next mortgage crisisRestricted Content

September 19, 2009
Brian Mann
The cresting wave of maturing commercial real estate debt is the second act in our nation's credit crisis.
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Kokomo 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.
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Purdue prof: 'Clunkers' could stall retail sales

August 5, 2009
Kim Puckett
The 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.
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Battered manufacturing towns hungry for food processorsRestricted Content

July 27, 2009
Kathleen McLaughlin
Economic development officials like the stability of the food business, though wages typically are mediocre.
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Unprecedented economic forecast revision will frame special sessionRestricted Content

June 1, 2009
Peter Schnitzler
With 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.
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Central Indiana could lead economic recoveryRestricted Content

April 27, 2009
Drew Klacik
Every 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.
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Prolonged woes reshape Connersville, city once known as 'Little Detroit'Restricted Content

April 13, 2009
Kathleen McLaughlin
With 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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Youth program may promote sense of purposeRestricted Content

April 6, 2009
Mike HicksMore

Indianapolis weathering recession better than rest of state, U.S.Restricted Content

April 6, 2009
Peter Schnitzler
Compared to most of the rest of the state and nation, Indianapolis is an occupational dynamo.
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Economic illnesses are like virusesRestricted Content

February 23, 2009
Morton Marcus
What kind of remedy should be applied to the economy? Surely we want something that will work quickly. But we also want something that will help provide income in the future. That's called investment.
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Corporate shareholders should demand moreRestricted Content

February 9, 2009
Ken Skarbeck
Free marketers cringe at the thought of government interference, but the fact is that the taxpayer is now a significant shareholder in a number of financial businesses.
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Stakes huge for Indiana as feds weigh stimulusRestricted Content

February 2, 2009
Greg Andrews
A new report by one of the nation's leading economists finds that getting the stimulus package through Congress— and fast— has huge implications for Hoosiers.
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Proposed fiscal stimulus package has high costsRestricted Content

February 2, 2009
Mike Hicks
Expeditious and clever spending on roads, infrastructure and, in the half-dozen states where it is possible, a tax cut will determine the success of the stimulus plan.
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Let's strive to keep companies hereRestricted Content

February 2, 2009
Don't lose sight of viable businesses in your own backyard.
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  1. If I were a developer I would be looking at the Fountain Square and Fletcher Place neighborhoods instead of Broad Ripple. I would avoid the dysfunctional BRVA with all of their headaches. It's like deciding between a Blackberry or an iPhone 5s smartphone. BR is greatly in need of updates. It has become stale and outdated. Whereas Fountain Square, Fletcher Place and Mass Ave have become the "new" Broad Ripples. Every time I see people on the strip in BR on the weekend I want to ask them, "How is it you are not familiar with Fountain Square or Mass Ave? You have choices and you choose BR?" Long vacant storefronts like the old Scholar's Inn Bake House and ZA, both on prominent corners, hurt the village's image. Many business on the strip could use updated facades. Cigarette butt covered sidewalks and graffiti covered walls don't help either. The whole strip just looks like it needs to be power washed. I know there is more to the BRV than the 700-1100 blocks of Broad Ripple Ave, but that is what people see when they think of BR. It will always be a nice place live, but is quickly becoming a not-so-nice place to visit.

  2. I sure hope so and would gladly join a law suit against them. They flat out rob people and their little punk scam artist telephone losers actually enjoy it. I would love to run into one of them some day!!

  3. Biggest scam ever!! Took 307 out of my bank ac count. Never received a single call! They prey on new small business and flat out rob them! Do not sign up with these thieves. I filed a complaint with the ftc. I suggest doing the same ic they robbed you too.

  4. Woohoo! We're #200!!! Absolutely disgusting. Bring on the congestion. Indianapolis NEEDS it.

  5. So Westfield invested about $30M in developing Grand Park and attendance to date is good enough that local hotel can't meet the demand. Carmel invested $180M in the Palladium - which generates zero hotel demand for its casino acts. Which Mayor made the better decision?

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