Economy

Indiana wages now well below averageRestricted Content

May 4, 2009
Morton Marcus
Last week the U.S. Bureau of Economic Analysis released its estimates of county personal income and all the detail comprising those data.
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'Buy local' offers no protection for bad businessesRestricted Content

April 27, 2009
Mike Hicks
These days, the "buy local" crowd seems to have a stronger voice. I am gleeful about this for a variety of reasons, but it is helpful to view some of their claims with a bit of skepticism. At least that is what economists should do.
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Federal stimulus trickles downRestricted Content

April 27, 2009
Peter Schnitzler
There's a smorgasbord available for small businesses in the federal stimulus package. The trick is figuring out how to get a plate. Plenty of local experts are serving up access to the buffet. And some entrepreneurs are digging in. But others consider the stimulus warmed-over leftovers.
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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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Is poor management Indiana's problem?Restricted Content

April 27, 2009
Morton Marcus
Hoosiers identify many factors contributing to our state's long-term economic difficulties. It is fashionable to blame our workers. It is easy to decry a lack of natural amenities: no mountains, no coral reefs. Our public schools are inferior and perhaps our higher education is overrated. Our taxes are too high but we have substandard government services. We ain't got no culture. Rarely do we hear anyone say that our problem is management.
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White River Capital negotiating new terms for its First Chicago Bancorp mergerRestricted Content

April 20, 2009
Peter Schnitzler
In a March 13 filing with the Securities and Exchange Commission, publicly traded White River revealed it's postponed its merger with First Chicago Bancorp, and now is negotiating new terms.
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Lauth, a once-booming developer, has sliced 90 percent of work force, lost control of some propertiesRestricted Content

April 20, 2009
Cory Schouten
Struggling developer Lauth Group Inc. has cut about 90 percent of its staff and lost control of part of its portfolio to a major equity partner-developments that raise doubts about whether the locally based company can survive the recession.
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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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Recession slices into golf business; courses roll out promotionsRestricted Content

April 13, 2009
Anthony Schoettle
Indiana golf course operators are nervous about how the recession might lead to fewer golfers and lost revenue.
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Hungry for customers, restaurateurs dangle dealsRestricted Content

April 6, 2009
Sam Stall

Restaurateurs are responding to the recession, be they the proprietors of fine-dining establishments or burger joints, by offering low-cost dining deals.

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Foreclosure investors shift to buy-and-hold strategyRestricted Content

April 6, 2009
Sam Stall
Instead of buying and selling, investors with ready cash are buying houses at substantial markdowns, turning them into rental properties and sitting tight until the market improves.
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Youth program may promote sense of purposeRestricted Content

April 6, 2009
Mike HicksMore

Franchisors also feel recession's financial pinchRestricted Content

March 30, 2009
Peter Schnitzler
About two dozen franchises based in Indiana are not immune to difficulties during the recession.
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Auction-rate securities suit names Stifel's Cohen, othersRestricted Content

March 30, 2009
 IBJ Staff
Among defendants named in a Missouri lawsuit against investment firm Stifel Nicolaus and Co. is Stifel Managing Director Jeffrey Cohen, who is based in the company's Indianapolis office.
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Auto sellers want refuge from industry fallout, but trio of bills have fallen flat at StatehouseRestricted Content

March 30, 2009
Chris O'Malley
Car dealers fearful of losing their flagship brands if auto manufacturers crash and burn aren't getting much help from the Indiana General Assembly.
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Analysts lower outlooks for Allison, say transmission maker vulnerable to defaultRestricted Content

March 30, 2009
Kathleen McLaughlin
Local manufacturing stalwart Allison Transmission will have to restructure its more than $4 billion in debt or further cut expenses if it's going to weather the recession.
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State's gambling jackpot may have reached its limitRestricted Content

March 30, 2009
Peter Schnitzler
Hoosiers' long ride on the gambling gravy train finally may be coming to an end.
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Things aren't as bad as we thinkRestricted Content

March 23, 2009
Morton Marcus
Difficult economic conditions have been faced before and we have both the tools and will to overcome our problems.
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Horse trading key to solving unemployment deficitRestricted Content

March 23, 2009
Ed Feigenbaum
In the past, lawmakers ignored the need to fix financing for the Unemployment Insurance Trust Fund, and now they must come up with solutions that will be difficult for both Democrats and Republicans to accept.
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Bonus outrage poor excuse for good public policy

March 23, 2009
Mike Hicks
The wages paid by a company to its employees are a distinctly private matter.
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Giving bad news the right wayRestricted Content

March 16, 2009
Layoffs don't have to be brutal.
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These stories might cheer you upRestricted Content

March 16, 2009
Chris Katterjohn
This week I'm going to be your own, personal Pollyanna and try to cheer you up with some good news.
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Indiana's wage gap is growingRestricted Content

March 16, 2009
Morton Marcus
Indiana leaders need to focus on the increasing gap between the average wage in Indiana and in the nation.
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Manage your way through this recessionRestricted Content

March 16, 2009
Jon Ford
The job of a CEO has never been tougher.
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Proprietary developments withering from recessionRestricted Content

March 16, 2009
Scott Olson
Financing is the lifeblood of companies turning intellectual property into a product or service, but turbulent economic conditions have made it increasingly difficult to raise cash from investors who are content to wait out the storm by concentrating on their existing portfolios.
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