Economy

College-affordability debate focusing on wrong issuesRestricted Content

January 5, 2009
Mike Hicks
College affordability has gained a lot of attention over the past few years, but I am not sure that the simple focus on costs is the right way to think about the problem.
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Recession, lockdown of credit hammers businesses of all sizesRestricted Content

December 29, 2008
Cory Schouten
Stock markets fell, jobs disappeared, and the outlook for the economy seemed to grow grimmer by the week in 2008. Banks, real estate developers, retailers and manufacturers took some of the worst hits, but all types of businesses in central Indiana felt the pain.
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Stock markets weather historic plungeRestricted Content

December 29, 2008
Greg Andrews
Unless markets surge in the final days of the year, 2008 will go down as the worst year for stocks since the Great Depression.
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Davis Homes folds, other builders struggleRestricted Content

December 29, 2008
Cory Schouten
Davis Homes, one of the state's largest home builders, fell victim to the tough housing market, ceasing operations July 23.
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Conseco's investment loss of $96 million 'pretty good' by comparisonRestricted Content

December 22, 2008
J.K. Wall
Eric Johnson, Conseco Inc.'s president over its investment unit called 40/86 Advisors, talked with IBJ about the surprises of the investing world over the last 18 months.
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Note to Hoosier entrepreneurs: Fight on!Restricted Content

December 22, 2008
Jon Ford
Great leaders are not born out of good times â?? they are born out of severe challenge.
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Distribution holds promise for Central IndianaRestricted Content

December 22, 2008
Chip Cutter
A new report shows that, despite a sluggish national economy, the Indianapolis area should continue to attract industrial businesses and distribution centers next year.
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Beech Grove government bracing for budget cutsRestricted Content

December 22, 2008
Property-tax caps should help Hoosier homeowners save a bundle next year.
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Recession, budget shortfalls will have major impact on everything legislators debateRestricted Content

December 22, 2008
Peter Schnitzler
Now expecting $935 million less in annual revenue than they did a year ago, legislators will spend the next four months arguing over budget cuts.
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Economist puts present economy in historical perspectiveRestricted Content

December 22, 2008
Mike Hicks
The clouds of darkness will pass, fear will be removed, and the light of the season will linger in those who seek it.
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Something to think about as a new year dawnsRestricted Content

December 22, 2008
Bruce Hetrick
I 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.
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Kite drops about 10 percent of its staff as retail market floundersRestricted Content

December 15, 2008
Cory Schouten
Kite 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.
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Banks' 'food fight' to restock pantriesRestricted Content

December 15, 2008
In response to Mayor Ballard's Citywide Food Initiative, banks in our community have combined forces to help restock food pantries.
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Recession forces Shelby County's largest employer to cut workersRestricted Content

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.
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Steepest job losses of recession are occurring nowRestricted Content

December 15, 2008
Mike Hicks
Ball 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.
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Worst auto market in 30 years might force consolidationRestricted Content

December 8, 2008
Chris O'Malley
New 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.
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Indiana should brace for auto falloutRestricted Content

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.
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Diesel dip in price not fueling trucking recoveryRestricted Content

December 8, 2008
Scott Olson
Hampered 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.
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Worst fallout to come in waning days of recessionRestricted Content

December 8, 2008
Mike Hicks
The 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.
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State public company execs grab up stock as prices fallRestricted Content

December 1, 2008
J.K. Wall
The 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.
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Indiana bankruptcies soarRestricted Content

December 1, 2008
Peter Schnitzler
Indiana 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.
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Indiana's current recession may be less severe than 1982'sRestricted Content

December 1, 2008
Morton Marcus
With 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.
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Study says most U.S. pensions are poised to recoverRestricted Content

December 1, 2008
A new national analysis of U.S. public pension funds suggests most invest prudently, even in volatile times.
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Voice-mail firm's latest product helps clients collect overdue debtsRestricted Content

December 1, 2008
Scott Olson
A 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.
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Communities making tough choices will be better offRestricted Content

December 1, 2008
Mike Hicks
During the coming weeks, a number of Indiana cities and counties will be coming to terms with their new budget realities.
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  1. Apologies for the wall of text. I promise I had this nicely formatted in paragraphs in Notepad before pasting here.

  2. I believe that is incorrect Sir, the people's tax-dollars are NOT paying for the companies investment. Without the tax-break the company would be paying an ADDITIONAL $11.1 million in taxes ON TOP of their $22.5 Million investment (Building + IT), for a total of $33.6M or a 50% tax rate. Also, the article does not specify what the total taxes were BEFORE the break. Usually such a corporate tax-break is a 'discount' not a 100% wavier of tax obligations. For sake of example lets say the original taxes added up to $30M over 10 years. $12.5M, New Building $10.0M, IT infrastructure $30.0M, Total Taxes (Example Number) == $52.5M ININ's Cost - $1.8M /10 years, Tax Break (Building) - $0.75M /10 years, Tax Break (IT Infrastructure) - $8.6M /2 years, Tax Breaks (against Hiring Commitment: 430 new jobs /2 years) == 11.5M Possible tax breaks. ININ TOTAL COST: $41M Even if you assume a 100% break, change the '30.0M' to '11.5M' and you can see the Company will be paying a minimum of $22.5, out-of-pocket for their capital-investment - NOT the tax-payers. Also note, much of this money is being spent locally in Indiana and it is creating 430 jobs in your city. I admit I'm a little unclear which tax-breaks are allocated to exactly which expenses. Clearly this is all oversimplified but I think we have both made our points! :) Sorry for the long post.

  3. Clearly, there is a lack of a basic understanding of economics. It is not up to the company to decide what to pay its workers. If companies were able to decide how much to pay their workers then why wouldn't they pay everyone minimum wage? Why choose to pay $10 or $14 when they could pay $7? The answer is that companies DO NOT decide how much to pay workers. It is the market that dictates what a worker is worth and how much they should get paid. If Lowe's chooses to pay a call center worker $7 an hour it will not be able to hire anyone for the job, because all those people will work for someone else paying the market rate of $10-$14 an hour. This forces Lowes to pay its workers that much. Not because it wants to pay them that much out of the goodness of their heart, but because it has to pay them that much in order to stay competitive and attract good workers.

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  5. It is sad to see these races not have a full attendance. The Indy Car races are so much more exciting than Nascar. It seems to me the commenters here are still a little upset with Tony George from a move he made 20 years ago. It was his decision to make, not yours. He lost his position over it. But I believe the problem in all pro sports is the escalating price of admission. In todays economy, people have to pay much more for food and gas. The average fan cannot attend many events anymore. It's gotten priced out of most peoples budgets.

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