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Economy
ECONOMIC ANALYSIS: We need to push harder to foster a tech economy
November 14, 2005
Patrick BarkeyYou have to give the folks at Techpoint, the advocacy group for technology-oriented business in Indiana, plenty of credit
for stamina. For eight years, these f o r wa r d - l o o k i n g folks have been carefully measuring the state's progress
in what was once called the high-tech economy. And for each of those eight years, the message has been depressingly consistent:
We remain at the back of the pack. That's not for lack...
MoreState revamps I-Light expansion project: Funding restored, but network limited to universities
November 14, 2005
Scott OlsonIndiana Gov. Mitch Daniels has given high-speed Internet project I-Light the green light, but with a twist from its original
intent. He agreed this month to support the final stages of funding for the project, which began in 1999 and connected supercomputers
at Indiana University, Purdue University and IUPUI. The aim was to expand Indiana's digital infrastructure by connecting 15
cities via a fiber-optic network. Under his directive, though, only universities and related research parks can tap into the
network,...
MoreBULLS & BEARS: Problems look daunting? A lesson from Granddad
November 14, 2005
Dave GilreathGranddad rocked back and said, "The news is pretty tough to read these days. Makes me want to sit on the porch and just watch
the leaves turn." He shook his head and mentioned all sorts of events that made him wonder if the United States could ever
bounce back. First, he brought up the battles for control in the Gaza strip and the fierce fighting over Palestinian areas.
Then came speculation on how the United States was going to...
MoreEYE ON THE PIE: Economics and intelligent design
November 14, 2005
Morton MarcusIt felt strange sitting before an interim committee of the Indiana General Assembly. The questions were coming quickly and
with a decided passion. "Mr. Marcus," Rep. Rottweiler demanded, "did you teach economics at Indiana University between 1970
and 2003?" "Yes," I confirmed. "During that time, did you teach the socalled 'Law of Demand'?" he boomed. "If you mean did
I teach that when the price falls, more will be taken, other factors being held constant, yes, I did teach that...
MoreBULLS & BEARS: Furniture-maker Kimball may be solid investment
November 7, 2005
Ken SkarbeckIt can take a while to rein in investor expectations after a time like the high-return 1990s. As Jeremy Grantham of Grantham
Mayo Van Otterloo notes in his quarterly letter, "Even today, with long bonds at 4.5 percent and the earnings yield (on stocks)
at under 5.5 percent, the assumption for longterm pension returns is still showing its bullish bias at over 8 percent." So
what does an investor do in an environment that requires more humble expectations for investment...
MoreHVAC specialists see rise in energy-saving interest: Anticipated price spikes spur demand for revamps
November 7, 2005
Tracy DonhardtMany plant managers consider it a lost cause to combat thermostat wars, factoring it in as a normal cost of doing business.
Or they just don't think about it all. Even before hurricanes Katrina and Rita caused natural gas prices to soar, an energy
price problem was already in full swing. Engineering, construction and energy management firms were already addressing concerns
from clients over how to combat rising energy bills. While soaring prices are expected to wreak havoc on residential...
MoreECONOMIC ANALYSIS: How we all pay the price for things that seem free
November 7, 2005
Patrick BarkeyThere's no such thing as a free lunch, goes the familiar cliché about economics. That old phrase is meant to impart the simple
idea that anything that consumes resources imposes a cost, which is certainly true. But a little tweak of the wording produces
a much more powerful insight. That's to say-to an economist's way of thinking, at least-nothing should be free. Those dour
sentiments doubtless explain why economists don't get invited to many parties. Free goods abound in our...
MoreVOICES FROM THE INDUSTRY: Talent, education are keys in competitive field of design
November 7, 2005
Tony Mediate"Individuals with little or no formal education in design, as well as those who lack creativity and perseverance, will find
it very difficult to establish and maintain a career in the occupation," warns the department through its currently posted
Bureau of Labor Statistics Outlook. While I do suggest that designers of the future should take their career outlook seriously
given the current and expected competition, I certainly would not want to discourage them. Creativity and perseverance are
among those traits,...
MoreDan Wendorff PC Eye Care: Optometrist has vision for growth Not content with status quo, doctor-turned-businessman sets his
sights on expansion
November 7, 2005
Jo EllenNot content with status quo, doctor-turned-businessman sets his sights on expansion When Dan Wendorff was a kid, he thought
he wanted to be a pharmacist like his father. But, "I was always interested in the eyes and excelled in physics and sciences,"
so when a high school friend suggested optometry, it stuck, said Wendorff, owner of Dan Wendorff Eye Care. His practice leases
space and provides eye care services at two area offices of LensCrafters, an Ohio-based franchise. Wendorff, a...
MorePLAN OF ATTACK: Anderson's leaders are working to exorcise the ghosts of GM
October 31, 2005
Anthony SchoettleFour miles and decades of history separate the Anderson exits along Interstate 69 northeast of Indianapolis. Empty General
Motors Corp. plants-as much a thing of the past as single-class basketball-cast ominous shadows at Exit 26, once Anderson's
front door. To the west, closer to Indianapolis, is Exit 22 and the trappings of the future: millions of dollars in new infrastructure,
a new business park, and the state's largest business incubator-tools Anderson officials think they need to turn this rust-belt
poster...
MoreStartups offered a fast track: Motorsports-themed incubator gets green light in Brownsburg
October 31, 2005
Matthew KishHendricks County officials hope a new business incubator there revs the engines of local entrepreneurs. The motorsports-themed
facility, to be known as Fast-Start, got the green light after a year-long feasibility study concluded the project was a logical
fit for a community that already houses Prudhomme Racing, John Force Racing and Bill Simpson's Impact Racing. "It would help
achieve some of our goals in Brownsburg," said Jeanette Baker, town council president and treasurer of the Hendricks County
Economic Development Partnership,...
MoreECONOMIC ANALYSIS: State's economy humming, so why do we feel gloomy?
October 31, 2005
Patrick BarkeyThe days are shorter, the temperatures are colder, and the leaves are falling off the trees. For most normal people, that
means it's time to start carving pumpkins, planning for holidays, or even watching the World Series. But for economists, it
means something else entirely. It is the beginning of forecasting season. It's a time when organizations of all kinds are
thinking about what they can expect in the coming year. For most of us, the state of the economy...
MoreBULLS & BEARS: It's not time to lose faith; stock market will be back
October 31, 2005
Dave GilreathTwo weeks ago, this column was about the bird flu. Most likely, when you look at your October brokerage statement in the next
week or two, you'll feel the symptoms. You'll feel a bit puny, tired, achy and feverish. You're tired of looking at weak statements,
achy from getting punched by your stocks, and nearly feverish when you look at your statement's stagnant bottom line. It's
no wonder you feel queasy. As this is being written, the Dow Jones Industrial...
MorePublic markets are sometimes a double-edged sword: Many companies enjoy access to capital, but others complain regulatory
compliance costs are just too high
October 31, 2005
Peter SchnitzlerFor young and growing companies, initial public offerings are a bit like climbing a mountain: a long, harsh toil to reach
a distant summit. But planting a flag at the peak isn't enough. To make the journey worthwhile, companies must stay there.
The payoff can be enormous, in the form of ready access to capital. But operating at such a high altitude requires careful
footing. And the effort costs more than some can afford. "It's a double-edged sword," said George...
MoreECONOMIC ANALYSIS: Bankruptcy of Delphi Corp. isn't all bad news for state
October 24, 2005
Patrick BarkeyThe long-anticipated bankruptcy filing of Delphi Corp. has sparked yet another discussion of the viability of manufacturing
as a pillar of the Indiana economy. Such discussions, unfortunately, have become commonplace in many communities across the
state in the last 10 years, in the wake of other troubling developments. Most of us know the face of manufacturing has changed
across the state, but to see the world's largest auto-parts manufacturer-once part of mighty General Motors Corp. itself-succumb
to this fate is...
MoreKipps Brothers still evolving after 125 years
October 24, 2005
Candace BeatyWalk through the Kipp Brothers showroom and you’ll find the makings of one heck of a birthday celebration: gag gifts
galore, endless sugary treats and headgear that puts the traditional party hat to shame.
MoreBULLS & BEARS: Past pandemics didn't deflate stock market
October 17, 2005
Dave GilreathThe fear du jour is the Avian Flu and the potential for the mother of all global pandemics. In November 2004, the World Health
Organization said an influenza pandemic was "inevitable," and in May of this year scientists predicted it could strike as
much as 20 percent of the world's population! Recently, news media have shown pictures from Asia of crates of dead birds and
reported new predictions, ranging from 5 million to 150 million human deaths. Hundreds of millions...
MoreBruce R. Frank & Associates LLC: Business, basketball give adviser a leg up International perspective useful for Indianapolis
consulting firm
October 17, 2005
Della PachecoAt 6 feet 8 inches, consultant Bruce R. Frank is an imposing figure. But it's the 30 years of business experience the former
professional basketball player has accumulated that he says helps him tower over his competition. Frank, 51, is the founder
of Bruce R. Frank & Associates, an Indianapolis-based consulting group that helps life-sciences companies develop business
strategies. So far, he has found most of his clients outside Indianapolis: Frank spent seven months on the road last year.
The...
MoreCeladon Group's foray into e-commerce rolls on: Demand by truckers for discount fuel helps propel TruckersB2B despite flattened
tire business
October 17, 2005
Chris O\'malleyTruckersB2B Inc. ought to have been among the road kill of the technology bust of 2000, when the restless ghost of Adam Smith
dope-slapped investors out of their hypnotic drool over anything high-tech. But unlike scores of dubious e-commerce ventures,
the 5-year-old Web site offering small to midsize trucking fleets group discounts on everything from fuel to tires turned
out to be built on a sustainable business model. The Indianapolisbased business now claims more than 19,000 participants representing
445,000 trucks....
MoreECONOMIC ANALYSIS: Smaller communities face largest economic obstacles
October 17, 2005
Patrick BarkeyThe population statistics tell the story-we are a nation of cities. Nationwide in 2000, almost 80 percent of us lived in what
the Census Bureau considered urban areas. Yet Indiana has more small cities, and more people who live in rural areas, than
do many other states. In 2000, nearly 30 percent of us lived outside urban areas, compared with the national average of 21
percent. And of our 92 counties, 38 have fewer than 30,000 people, with 19 of...
MoreIn a race for robotics: Crash doesn't quell Jones' hope of building new industry
October 17, 2005
Peter SchnitzlerOne day in the not-so-distant future, robot drones will drive the military's supply vehicles through dangerous war zones.
They'll pilot tractors across farm fields and steer plows as they scrape snowy highways. Automatic cars will even whisk you
to and from work. High-tech entrepreneur Scott Jones, 44, believes with a zealot's fervor this all will happen. More than
a gee-whiz observer, the man who helped invent voice mail hopes to establish a robotic vehicle business-and ultimately the
robotic vehicle industry-in...
MoreCHRIS KATTERJOHN Commentary: LaSalle economist holds court
October 17, 2005
Now that President Bush has named both his candidates for Supreme Court vacancies and one has been confirmed, we can expect
news soon of an appointment that is more important to businesspeople and markets. That would be the replacement for Alan Greenspan,
chairman of the Federal Reserve Board, who retires Jan. 31. Greenspan has been in his seat 18 years and has presided over
a period of strong economic growth, low inflation and interest rates, and a tremendous stock market....
MoreTOM HARTON Commentary: Luring people with bricks, mortar
October 10, 2005
A parking garage is about to rise on a vacant lot at 120 E. Washington St. It's ironic that a block or so west of the site,
a group of architects, city planners, real estate developers and leaders of the city's arts movement meet on a regular basis
to plot against such garages. The garage in the works isn't just any garage. In its current design, which is yet to be approved,
it's only a garage. No ground-floor retail. Just...
MoreBacking home again: CID changes out-of-state course, invests $50M in Indiana
October 10, 2005
Peter SchnitzlerIndiana's flagship venture capital firm has changed direction. Often criticized for not investing frequently enough within
state lines, CID Equity Partners over the last five years has quietly put nearly $50 million to work in 10 Indiana companies.
In the decade before, CID invested in just a half-dozen local deals. And after struggling to weather the 2001 recession, CID's
managers believe the wind is finally at their back. Three years ago, massive losses threatened to sink the firm. Since then,...
MoreECONOMIC ANALYSIS: Economy likely to purr on despite hurricane mayhem
October 10, 2005
Patrick BarkeyDid your company miss its earnings targets last period? Or did your household spend a little too much on your last vacation?
Or maybe you've just added a few extra pounds on your waistline recently. Then you should do what just about everyone else
is doing-blame it on Katrina. It seems as if every disappointing result in the economy is being blamed on the big storms that
have rolled in from the Gulf of Mexico in the last six weeks....
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I'd rather the state keep my $7 instead of sending $3 to me and $4 to some attorney.
Hey Horace, I totally support your right for freedom of religious expression as well as your right to take this class. BUT I do believe this class should be presented as part of a religion curriculum and not as a science course.
Gob Bluth
Scotty's Lakeside at Geist was SO much better than this new Detour. We enjoyed the family nights, atmosphere, food and selection of local beers at Scotty's Lakeside. The new Detour has a lower level of service and we were not impressed with the food and beer selections. Would love to have Scotty's Lakeside back!!!
I have only been to The Precedent Scotty's location, but food and service have been consistently good and they are always packed. I'd love to say 'good-bye' to Detour(big babies). Since that area is built and intended to a mix of residential and business, there should not be any kind of noise level that would disturb any of the homeowners or patrons nearby. I've been to Detour only once (all it takes for me) and the food was so-so and overpriced and the service was under-par. Keep on trucking Mr. Wise!