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Economy
VOICES FROM THE INDUSTRY: State buildings to go green thanks to executive order
September 15, 2008
Jason ShelleyGreen construction projects in Indiana are becoming more the norm than the exception. More office buildings, schools and universities
and even residences are being designed and constructed to improve environmental efficiency. And now, new and renovated state
buildings will be a whole lot greener, too. Gov. Mitch Daniels signed an executive order this summer establishing the Energy
Efficient State Building Initiative, mandating that all new state buildings be designed, constructed and operated for maximum
energy efficiency. This is significant for...
MoreEco groups divided over gasification: New power plant has many critics, but some say it's a necessary step
September 15, 2008
Chris O\'malleyOne might think a technology promising greener electric generation would please most environmentalists. Duke Energy Corp.'s
630-megawatt coal-gasification plant, scheduled to go online in Edwardsport in 2012, is expected to emit less sulfur dioxide,
nitrogen oxides and particulates than the smaller, 1940s-era plant it replaces-while generating 10 times as much electricity.
However, more than a dozen Indiana and national advocacy groups are decrying the $2.3 billion plant being footed mostly by
ratepayers, claiming it will raise emissions of greenhouse gas...
MoreEYE ON THE PIE: What really drives Hoosier economy?
September 15, 2008
Morton MarcusI enjoy the propaganda of government agencies pleading the causes of special interests. This is the opening sentence of our
state profile prepared by the U.S. Small Business Administration's Office of Advocacy: "Small businesses are the heart of
Indiana's economy." Frequently, we hear that farming is the beating heart of our economy. Others claim the thumping sound
we hear is that of manufacturing. Teachers tell us the economy is only as steady as its educational footing. Steel has a claim...
MoreCommentary: Can we Bank on Indianapolis?
September 15, 2008
Tawn ParentWhoa. Those figures, based on national averages from the Federal Deposit Insurance Corp., don't paint a pretty picture. People
without bank accounts tend to keep cash at home or in their pockets, which increases the likelihood of crime. They create
a market in which predatory lenders can thrive. They fail to reach their full potential, and so do the cities where they live.
We have a problem. Now what can we do about it? We could take a cue from...
MoreBEHIND THE NEWS: Cautious streak helps Duke weather tumultuous times
September 15, 2008
Greg AndrewsDuke Realty Corp. has stayed largely out of the headlines this year, which in an economy like this is a pretty good sign.
Another Indianapolis developer, Lauth Property Group, has shed more than half its 450-person work force, and Premier Properties
Inc.- perhaps the city's most daring developer-lurched into bankruptcy court. Meanwhile, Duke, which specializes in suburban
office and industrial development, keeps on chugging. To be sure, the company isn't immune to broader economic slowdown. In
April, it laid off...
MoreNOTIONS: A pregnant GOP primer on civil liberties: Who decides?
September 8, 2008
Bruce HetrickYears ago, I wrote an article about Sheila Suess Kennedy, an Indianapolis author who'd written a book called "What's a Nice
Republican Girl Like Me Doing in the ACLU?" I didn't know Sheila. I didn't know much about the American Civil Liberties Union,
either. So I stopped by her office (she directed the organization's Indiana chapter back then) for an education. Sheila, now
a faculty member at the Indiana University School of Public and Environmental Affairs at IUPUI, explained to...
MoreBEHIND THE NEWS: Limp economy could slow increase in attorneys' fees
September 8, 2008
Greg AndrewsAttorney pay at top-tier firms is like compensation for executives of public companies. Amid hand-wringing, the numbers keep
going up and up. The reasons are understandable. Law firm managers feel pressure to raise compensation to attract and retain
the best attorneys-and to keep up with what other firms are doling out. The people running those competing firms feel the
same pressures, accelerating the upward spiral. Hence, top attorneys in Indianapolis in the most complex practice areas now
have hourly rates...
MoreExperts: Building boom not over: Big projects wind down, but new ones fill pipeline
September 8, 2008
Scott OlsonThe completion of $2 billion in city construction projects has left a gaping hole in contractor job schedules-as wide as when
the roof opens at Lucas Oil Stadium. Even so, industry leaders remain optimistic about staying busy despite the combination
of a tepid economy and the end of a local boom that stretched the limits of the labor pool. The $1.1 billion airport midfield
terminal project, the $715 million stadium and $150 million Central Library expansion helped to create so...
MoreRe-entry key in city's plot to fight crime: Mayor makes push, hires director to help more ex-convicts find work
September 1, 2008
Scott OlsonMakeba Averitte spent more than seven years incarcerated in Indiana, Kentucky and Oklahoma prisons paying for the robbery
he committed as a young man with few prospects. Since his release in 2004, the 32-year-old has obtained a driver's license
and insurance on his automobile, not to mention a bit more wisdom. But what eludes him most-even more so now as a convicted
felon-is a steady, goodpaying job. Tired of temporary work, he enrolled in Second Chance at the United Northeast...
MoreVIEWPOINT: Advancing manufacturing is key to future
September 1, 2008
Joseph HornettWe've all heard it: Our economy is creeping to a crawl. Skyhigh oil prices, a weak housing market and the struggling U.S.
dollar are discouraging consumers and business owners alike. Fears about our nation's fiscal health are shaking broader confidence
in the banking industry, the system of global trade, and even our public image abroad. In the face of such adversity, it's
helpful to remember that Americans have faced daunting challenges in the past. In tougher times, such as the...
MoreVOICES FROM THE INDUSTRY: China, higher education and our economic future
September 1, 2008
Mark MilesIn mid-September, I'll be traveling to China's Liaoning province as part of a delegation led by Indiana State University,
hosted by Liaoning University. We'll arrive in the country too late for the Olympics, but we'll be there to talk about another
form of global competition-economic development. It's appropriate that the two universities are co-hosting a conference on
economic development issues, given the importance of human capital in our economy. It's especially appropriate for China,
where higher education has become a...
MoreWet spring, slow economy slice into area golf business
August 25, 2008
Anthony SchoettleOn a typical Saturday at Smock Golf Course on the city's south side, visitors are treated to a symphony of thwacks, pings
and the occasional plunk. In good or bad economic times, it seems, people in Indiana and across the country have always played
golf. But these days, the sound of that symphony has waned. Nationwide, the number of rounds of golf played through the first
half of this year is down 2 percent from last year. In Central Indiana, the situation is worse.
MoreECONOMIC ANALYSIS: Why the resurgence of railroads will help drive state
August 18, 2008
Mike HicksI have two friends who are train fanatics of the worst kind. These guys aren't just dazzled by the sight of a large train;
they furtively seek them out. One friend has made it his life's ambition to ride every rail line in Great Britain. The other
scours eBay for rail schedules from the 19th century. Both of these wonderful men have exceptionally tolerant wives. I am
a bit concerned my 4-year-old is turning into one of these creatures. He...
MoreMurky motive adds intrigue to Old National loan saga
August 18, 2008
Greg AndrewsIn the buttoned-down world of banking, it doesn't get much stranger than this: An Indianapolis loan officer with a strong
reputation is suddenly dismissed after his employer charges he falsified lending documents. The bank says the fraud exposes
it to potential losses approaching $20 million. And here's the kicker: The employer hasn't accused the banker of committing
the wrongdoing for personal gain.
MoreEYE ON THE PIE: Will people pay more for better care?
August 18, 2008
Morton MarcusIt was dark and I was feeling anxious about getting this column out on time. Then there was a tap at the sliding door to the
deck. It was an apparition, a ghost, a figure all in white out of a 19th-century novel. But the tap was real. I opened the
door and recognized her. "Nellie," I said, "what are you doing out here at this hour?" Yes, it was Nellie, the Nervous Nurse,
who lives close by. "My frog...
MoreVOICES FROM THE INDUSTRY: An open letter to the commercial lending community
August 18, 2008
Brian MannDear lenders: Perhaps you have seen the recent headlines that declared suburban Indianapolis among the best places in the
country to live and raise a family. Perhaps you've also taken note that there are a lot of things happening in our communities.
Big projects abound in the Indi anapolis area, including Lucas Oil Stadium and the Midfield Terminal at Indianapolis International
Airport. People are so excited about the new stadium they lined up for hours trying to get a tour...
MoreStrip centers feeling sting of housing market slump: Developers cutting back on new retail projects
August 18, 2008
Scott OlsonThose ubiquitous retail strip centers are beginning to wither under a housing slump that has cast a dark cloud over much of
the U.S economy. Heavily dependent on new-home construction, strip-center developments have been hurt by tough residential
real estate conditions that have spread into the commercial arena and dampened retail activity. Nationally, the volume of
strip-center investment transactions is down 77 percent from a year ago, according to a June commercial report from the Chicago-based
National Association of Realtors....
MoreBEHIND THE NEWS: Murky motive adds intrigue to Old National loan saga
August 18, 2008
Greg AndrewsIn the buttoneddown world of banking, it doesn't get much stranger than this: An Indianapolis loan officer with a strong reputation
is suddenly dismissed after his employer charges he falsified lending documents. The bank says the fraud exposes it to potential
losses approaching $20 million. And here's the kicker: The employer hasn't accused the banker of committing the wrongdoing
for personal gain. There are no allegations, for instance, of setting up fictitious borrowers to scoop up bank cash on his...
MoreEYE ON THE PIE: Will people pay more for better care?
August 18, 2008
Morton MarcusIt was dark and I was feeling anxious about getting this column out on time. Then there was a tap at the sliding door to the
deck. It was an apparition, a ghost, a figure all in white out of a 19th-century novel. But the tap was real. I opened the
door and recognized her. "Nellie," I said, "what are you doing out here at this hour?" Yes, it was Nellie, the Nervous Nurse,
who lives close by. "My frog...
MoreVOICES FROM THE INDUSTRY: An open letter to the commercial lending community
August 18, 2008
Brian MannDear lenders: Perhaps you have seen the recent headlines that declared suburban Indianapolis among the best places in the
country to live and raise a family. Perhaps you've also taken note that there are a lot of things happening in our communities.
Big projects abound in the Indi anapolis area, including Lucas Oil Stadium and the Midfield Terminal at Indianapolis International
Airport. People are so excited about the new stadium they lined up for hours trying to get a tour...
MoreStrip centers feeling sting of housing market slump: Developers cutting back on new retail projects
August 18, 2008
Scott OlsonThose ubiquitous retail strip centers are beginning to wither under a housing slump that has cast a dark cloud over much of
the U.S economy. Heavily dependent on new-home construction, strip-center developments have been hurt by tough residential
real estate conditions that have spread into the commercial arena and dampened retail activity. Nationally, the volume of
strip-center investment transactions is down 77 percent from a year ago, according to a June commercial report from the Chicago-based
National Association of Realtors....
MoreECONOMIC ANALYSIS: Why the resurgence of railroads will help drive state
August 18, 2008
Mike HicksI have two friends who are train fanatics of the worst kind. These guys aren't just dazzled by the sight of a large train;
they furtively seek them out. One friend has made it his life's ambition to ride every rail line in Great Britain. The other
scours eBay for rail schedules from the 19th century. Both of these wonderful men have exceptionally tolerant wives. I am
a bit concerned my 4-year-old is turning into one of these creatures. He...
MoreCreating opportunities in tough times: Tightening economy requires 'patchworking' sources of income
August 11, 2008
Della PachecoWomen aren't leaving the work force to stay home with their kids-they're being forced out in equal numbers with men. That's
the word from "Equality in Job Loss: Women are Increasingly Vulnerable to Layoffs During Recessions," a congressional report
released July 21. Often women who face job losses decide to forego the job hunt and opt instead for selfemployment, the report
said. Might this job downturn trigger a boom in entrepreneurship for women? Not if they don't already have the...
MoreECONOMIC ANALYSIS: Why Indiana's AAA bond rating should please all of us
August 11, 2008
Mike HicksSometimes, obscure economic issues matter a great deal to our economic well-being. One example is the news that Indiana's
bond rankings have risen to the highest level, the highly coveted AAA ranking from Standard and Poor's. Why that happened,
what it means and why it is important should matter to Hoosiers. To begin with, all states, like virtually all households,
borrow money to ease cash flow issues. States also borrow money to make infrastructure investments. The government essentially
takes out...
MoreCommentary: Energy woes need quick, lasting fix
August 11, 2008
Mickey MaurerLast month, the front page of The Wall Street Journal featured 25-yearold Saeed Khouri, who paid at auction the equivalent
of $14 million of our increasingly worthless American dollars for a license plate bearing "1." His cousin, Talal Khouri, threw
in $9 million in pocket change for tag "5" to tool around Abu Dhabi in his Rolls Royce. Get this, the Khouris declined to
be interviewed because they didn't want to be the center of attention. I am not particularly...
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We loved lakehouse and think the Arbor Village would be a great location. It is less than 2 miles from over 1000 rooftops in the 225,000 to over 1 million range. Many people could use the great fishers trail system to bike or walk there. Just an idea Scotty -- but maybe something closer to 3 Wiseman would good. The only microbrew in area is Ram (boring)
True, it's an ESPN production, but ESPN is just another name for ABC Sports, or what used to be ABC Sports since ABC Sports no longer exists as a name. ESPN=ABC Sports= ESPN. ESPN is, according to Forbes "the world's most valuable media property" worth $40 billion. Despite that, they fired 400 people this week.
The Prestige was a great flick.
Larry - even though the race is on ABC, ESPN does all of the work, so that is why ESPN is mentioned. Most sports on ABC are called something like "ESPN on ABC."
My oldest daughter graduated from IU with a Secondary Education degree. She graduated with honors and spent 3 years trying to find a teaching job in Indiana. Many of her fellow education degree graduates still don't have teaching jobs. As schools downsize and cut budgets, less teaching jobs are available. I'm not sure I see why we feel the need to bring more teachers to Indiana.