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Economy
Beech Grove government bracing for budget cuts
December 22, 2008
Property-tax caps should help Hoosier homeowners save a bundle next year.
MoreRecession, budget shortfalls will have major impact on everything legislators debate
December 22, 2008
Peter SchnitzlerNow expecting $935 million less in annual revenue than they did a year ago, legislators will spend the next four months arguing
over budget cuts.
MoreEconomist puts present economy in historical perspective
December 22, 2008
Mike HicksThe clouds of darkness will pass, fear will be removed, and the light of the season will linger in those who seek it.
MoreSomething to think about as a new year dawns
December 22, 2008
Bruce HetrickI think about the economic crisis, the housing crisis, the climate crisis, the energy crisis, the automotive crisis, the Middle
East crisis, the education crisis, the college affordability crisis and all the other crises — real, imagined and manufactured
— and I wonder whether they'll drive us to the precipice, or even the apocalypse, and whether we'll change at the last
minute, and, should we survive, whether we'll remember what we want to forget or forget what we want to remember.
MoreKite drops about 10 percent of its staff as retail market flounders
December 15, 2008
Cory SchoutenKite Realty Group Trust has joined local peers Duke Realty Corp. and Lauth Group Inc. in laying off employees as it copes
with dried-up credit and a soft retail market.
MoreBanks' 'food fight' to restock pantries
December 15, 2008
In response to Mayor Ballard's Citywide Food Initiative, banks in our community have combined forces to help restock food
pantries.
MoreRecession forces Shelby County's largest employer to cut workers
December 15, 2008
Knauf Insulation is cutting 11 percent of its work force in Shelbyville as the recession prolongs the housing downturn that
began two years ago.
MoreSteepest job losses of recession are occurring now
December 15, 2008
Mike HicksBall State University's Indiana econometric model predicts that earnings in all of Indiana's
major economic sectors except health care will decline in the next three months.
MoreWorst auto market in 30 years might force consolidation
December 8, 2008
Chris O'MalleyNew car dealers, usually among the most resilient of all small businesses in weathering economic downturns, are hanging on
for dear life this time around, portending a shakeout among Indiana's 520 dealers.
MoreIndiana should brace for auto fallout
December 8, 2008
The Big Three and the United Auto Workers do not appear to be serious about making the concessions and changes that are necessary
to make them a viable entity for the long haul.
MoreDiesel dip in price not fueling trucking recovery
December 8, 2008
Scott OlsonHampered much of the year by high fuel prices, trucking companies still may be in for a long haul before they're back on the
road to recovery.
MoreWorst fallout to come in waning days of recession
December 8, 2008
Mike HicksThe Dec. 1 announcement by the Business Cycle Dating Committee of the National Bureau of Economic Research officially dated
the recession back to the fourth quarter of 2007.
MoreState public company execs grab up stock as prices fall
December 1, 2008
J.K. WallThe unprecedented plunge on Wall Street the last three months has spurred a couple of dozen executives and directors at Indiana
public companies to scoop up shares in their own companies.
MoreIndiana bankruptcies soar
December 1, 2008
Peter SchnitzlerIndiana bankruptcies are rising toward levels not seen since Congress tightened filing rules three years ago, and experts
say stretched consumers and businesses probably won't reap benefits of an improved economy for at least a year.
MoreIndiana's current recession may be less severe than 1982's
December 1, 2008
Morton MarcusWith a growing labor market in Indiana, it would seem this recession, thus far, is an economic shock that may be of shorter
duration and severity than the 1982 decline.
MoreStudy says most U.S. pensions are poised to recover
December 1, 2008
A new national analysis of U.S. public pension funds suggests most invest prudently, even in volatile times.
MoreVoice-mail firm's latest product helps clients collect overdue debts
December 1, 2008
Scott OlsonA growing number of companies strapped for cash and struggling to pay their bills on time is presenting an unusual opportunity
for Vontoo Inc., a local IT firm.
MoreCommunities making tough choices will be better off
December 1, 2008
Mike HicksDuring the coming weeks, a number of Indiana cities and counties will be coming to terms with their new budget realities.
MoreCompanies face pension-plan shortfalls
November 24, 2008
Chris O'MalleyPrivate employers that still offer traditional pension plans are getting a big shock as they assess how much more it will
cost to shoulder retirement obligations.
MoreBillions lost in state pension-fund fallout
November 24, 2008
Peter SchnitzlerIndiana's public pensions lost $5 billion in the 12 months ending Sept. 30.
MoreCentral Indiana colleges on alert to slow spending
November 24, 2008
J.K. WallMost colleges and universities in central
Indiana are being especially frugal because the value of their university endowments has plunged along with the market,donations
may decrease, and enrollment may decline, due to lack of student loan availability.
MoreAutomotive Finance Corp. writes off $162 million, reflecting slow auto sales
November 24, 2008
Chris O'MalleySlowing auto sales have forced Carmel-based Automotive Finance Corp., which lends money to car dealers to buy used vehicles
at auction, to take a big write-off on the declining value of its loan portfolio.
MoreFishers tables $100M development
November 24, 2008
An Ohio developer and the town of Fishers have agreed to cancel a 2007 development agreement that called for a $100-million
mixed-use project featuring 250,000 square feet of retail space and 150,000 square feet of office.
MoreBudget cuts threaten local economic data analysis
November 17, 2008
Morton MarcusBudget cuts could eliminate programs that gather and analyze local and state economic data. This would hurt businesses and
economic development officials, since they would not have the data that helps them see how their market differs from the state
and the nation.
MoreEmmis struggling to stay in good stead with lenders
November 17, 2008
Greg AndrewsEmmis Communications Corp. struggles to contain expenses and minimize debts due to radio advertising shortfalls.
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these guys only skill was to steal from other's hard earned savings.
I voted for him last time and it WAS the LAST time. He needed to to quit running around the world on useless trips, and giving our $$ away to sports teams. I'll vote for anyone but Ballard next time. BTW...we gave $40M to the Pacers and cannot even watch the games on TV.
For the people concerned about traffic, you should know that mixed-use projects (like the one being proposed), actually allows for and encourages more people to walk and bike, thereby mitigating additional automobile traffic. If we continue to design and build suburban-type projects in the City (i.e. automobile-oriented projects), we are not offering anything different from what the suburbs offer, which means we will continue to lose jobs/people to the suburbs. The reason Broad Ripple is somewhat successful today is that people want to live in a place that offers the convenience of being able to walk/bike to restaurants, retail, nightlife, the Monon, etc. Why would you not want to support a project that is complimentary to what already makes the area desirable? The real argument with this project should be its lack-luster design and layout, not the density.
It is unfortunate that there is a perception that celebrities validate an event. The Indy 500 stands on its own, especially for those coming in from out of town. It was always so disturbing to read the gushing descriptions of Ashley Judd threaded throughout the local coverage. Very happy that era is at an end.
Good ole' Obamacare. Thanks liberals and those who didn't bother to vote.