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Economy
U.S. unemployment rate drops to 8.9 percent
March 4, 2011
Associated PressThe unemployment rate has been falling for three months, down from 9.8 percent in November, marking the sharpest three-month
decline since 1983.
MoreExperts: Economy too weak to fuel venture-capital investment
February 26, 2011
Norm HeikensActivity won’t gain much steam until more entrepreneurs become optimistic, and optimism won’t materialize until
the economy gets warmer, said John Barnard, managing director of Pearl Street Venture Funds.
MoreHICKS: Earmarks need overhaul, but they aren't entirely bad
January 22, 2011
Mike HicksOur influential senior senator, Richard Lugar, and 6th District congressman, Mike Pence, disagree on an outright ban on earmarks.
This is a rare case in which the differing concerns of both men are right.
MoreMore unemployment claims filed nationally last week
January 6, 2011
Associated PressThe U.S. Labor Department says applications for unemployment aid rose by 18,000 to a seasonally adjusted 409,000 in the week
ending Jan. 1. Applications fell to 391,000 in the previous week, the lowest point since July 2008.
MoreHICKS: Why economic forecasting is inexact science
January 1, 2011
Mike HicksForecasts are primarily used as a tool to begin, not end, conversations about business and government matters.
MoreMARCUS: Tax cuts are not efficient as a job stimulus
December 25, 2010
Morton MarcusMany of the best minds in the nation are endorsing the latest stimulus package, which retains the Bush tax cuts and reduces
workers’ Social Security contributions nearly one-third.
MoreConstruction, manufacturing may lead economic recovery
December 24, 2010
Kathleen McLaughlinThe recession came to an official end 18 months ago, but Indiana’s unemployment rate hovered around 10 percent.
MoreEconomy brightens as consumers spend, layoffs slow
December 23, 2010
Associated PressThe latest data confirm that the economy is improving, even though too few jobs are being created to lower the 9.8 percent
unemployment rate.
MoreHICKS: Inflation delays visit, but it'll arrive eventually
December 18, 2010
Mike HicksAll economists know that, at its core, inflation is caused solely by too much money chasing too few goods.
MoreState unemployment rate dips to 9.8 percent
December 17, 2010
IBJ StaffIndiana's jobless rate dropped for the second month in a row and has decreased four-tenths of a point since hitting 10.2 percent
this summer.
MoreIndianapolis banker sees progress, challenges at ailing Integra
December 4, 2010
Greg AndrewsMike Alley, perhaps more than any other banker in the state, is experiencing the pain the economic crisis has wrought on the
nation’s financial institutions.
MoreJobless rate rises to 9.8 percent as U.S. job growth slows
December 3, 2010
Associated PressWith hiring so weak, the unemployment rate rose from 9.6 percent to 9.8 percent. The jobless rate has now topped 9 percent
for 19 straight months, the longest stretch on record.
MoreJobless claims tick up again
December 2, 2010
Associated PressDifficulties adjusting for the Thanksgiving holiday contributed to last week's spike in new applications, a government analyst
said. The four-week moving average of claims, which smooths volatility, fell to 431,000 last week, a two-year low.
MoreJobless claims drop sharply
November 24, 2010
Associated PressA Labor Department analyst said weekly claims are volatile during the week between the Veteran's Day and Thanksgiving holidays.
A key question is whether claims will remain this low in future weeks.
MoreState's unemployment rate drops below 10 percent
November 23, 2010
Indiana's unemployment rate in October dipped to 9.9 percent, marking the first time the rate has been below double digits
since March.
MoreJobless claims fall sharply to 4-month low
November 10, 2010
Associated PressThe U.S. Labor Department said Wednesday that initial claims for jobless aid dropped by 24,000, to a seasonally adjusted 435,000.
Many Wall Street economists expected a smaller decrease.
MoreEmployers add jobs, but rate sticks at 9.6 percent
November 5, 2010
Associated PressU.S. employers added the most jobs in five months in October, with the education and health care sectors leading the way.
MoreIU economists: Slow growth expected in 2011
November 4, 2010
Scott OlsonEconomic growth will remain sluggish into next year as companies remain hesitant to add jobs, Indiana University economists
said Thursday morning during their annual forecast.
MoreSeptember consumer spending weakens while incomes dip
November 1, 2010
Associated PressAmericans slowed their spending in September to the weakest pace in three months and their incomes fell for the first time
in 14 months.
MoreU.S. economy grew anemically in third quarter
October 29, 2010
Associated PressThe government reported Friday morning that the economy expanded at a 2-percent annual rate in the July-September quarter.
It marked a slight improvement from the feeble 1.7-percent growth in the April-June quarter.
MoreMORRIS: Not all economic news is bad news
October 23, 2010
Greg MorrisIf we listen too much to the financial channels, it will make us want to bury our money in a hole in the yard and get a Rottweiler
to guard it.
MoreState’s jobless rate dips slightly to 10.1 percent
October 22, 2010
Indiana's unemployment rate in September was 0.1 percentage point lower than in August and the same as it was the same month
last year. But it remains above the national rate of 9.6 percent.
MoreHICKS: Why the stimulus didn't stimulate enough
October 16, 2010
Mike HicksThe failure of the American Recovery and Reinvestment Act to deliver us from high unemployment will provide research grist
for economists for decades to come.
MoreBanks tread water as they wait for economy to improve
October 16, 2010
Francesca JaroszBanking experts say the health of Indiana institutions is taking baby steps forward along with the tepid economic recovery.
But in these times, recovery looks grimmer than one might expect.
MoreStrategist: U.S. economy picking up pace, slowly
October 15, 2010
Scott Olson
The economy is picking up its pace but not quickly enough to satisfy
the public, Fifth Third Bank strategist John Augustine said Friday. It may not return to pre-recession levels until 2017.
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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.