Economy

EYE ON THE PIE: How home buyers step off a cliffRestricted Content

August 29, 2005
Morton Marcus
Why does Indiana have such high bankruptcy and mortgage foreclosure rates? No one knows. Many say the economy in Indiana has been responsible for our troubles, but other states have been hit as hard and not had the same bankruptcy and foreclosure problems. Perhaps we are a state of dreamers, people who want to own a home but do not understand the obligations we assume. Our dreams are encouraged by the federal government, which allows mortgage interest and property tax...
More

Ethanol fuel pumps may debut here by '06: Still no place for the masses to buy E85, despite interest in the alternative to gasolineRestricted Content

August 29, 2005
Chris O\'malley
Even though Indiana is one of the nation's biggest growers of corn-the key ingredient in cheaper-than-gasoline ethanol-not a single ethanol pump is available to the average motorist in the Indianapolis area. That twisted irony in a day of record gasoline prices may soon be no more, with a handful of central Indiana gas stations likely to start offering an ethanol alternative-known as E85-by yearend, according to proponents of the fuel. "I hope by Christmas to have a couple in the...
More

ECONOMIC ANALYSIS: High energy prices make consumers act rationallyRestricted Content

August 29, 2005
Patrick Barkey
Have you seen the latest opinion polls on the Bush administration? At a time when the U.S. economy is growing faster than that of any other industrialized nation, when unemployment rates are down and consumer spending is up, less than half of us think the president is doing a good job handling the economy. There's plenty to find fault in our economic performance, of course. We still have a massive trade imbalance with the rest of the world. The federal...
More

More business owners embracing economy: High fuel costs, personal debt dampen some optimismRestricted Content

August 22, 2005
Scott Olson
Business owners are beginning to show signs of completely emerging from a recessional slumber, although some holdouts remain unconvinced an economic recovery is in full swing. The confidence exuded by the state's massive manufacturing sector could be sending the most optimistic signal. From 2000 to 2003, manufacturers in Indiana were stung especially hard by the soft economy, shedding 75,000 jobs. While many of those positions may never return, employment levels have at least stabilized. That seems to have provided enough...
More

ECONOMIC ANALYSIS: Don't make too much of July economic dataRestricted Content

August 22, 2005
Patrick Barkey
There are dates on the calendar that make some of us tremble. The Ides of March was a bad one, as I recall, for a certain Roman emperor long ago. Stock market traders know and fear those triplewitching days when futures and options contracts expire. But for those of us who track the regional economies around the state, it's really a whole month that makes us sweat. It's the month of July, thanks to the screwy data we receive for...
More

Stoeppelwerth & Associates: 'Staking' their claim on growth Local engineering firm finds abundant opportunitiesRestricted Content

August 22, 2005
Della Pacheco
While most 8-year-old boys were playing with toy trucks, Dave Stoeppelwerth was riding in big ones helping land surveyors at his father's civil engineering firm. Stoeppelwerth, now 51 and CEO of Stoeppelwerth & Associates, grew up learning the business. In fact, Stoeppelwerth had done enough surveying during grade school and high school that at age 16 he became a crew chief working under his father, Dick, who started the north-side company in 1962. He joined the company full time after...
More

Law could generate earnings for Cummins: States face deadline in completing standards for connecting generators to gridRestricted Content

August 22, 2005
Chris O\'malley
Cummins Inc. and other makers of electric generators stand to gain under a provision an Indiana lawmaker plugged into the federal energy bill signed this month. The amendment by 4th District Republican congressman Steve Buyer forces state utility commissions to adopt standards within two years that will pave the way for businesses that generate their own electricity to sell excess power to the electric grid. That's good news for firms that generate their own power and for Cummins, which makes...
More

Deal giving edge to unions muddies midfield contracts: Non-union contractors question whether bidding on project is worth the troubleRestricted Content

August 15, 2005
Chris O\'malley
A construction agreement that requires union wages, work rules-and union workers-at the midfield terminal project has big and small businesses alike concerned they'll be shut out of all but the tiniest contracts on the $300 million building. Unless Janet South's painting firm Deco Group agrees to accept those terms, she'd only qualify for projects of $75,000 or less-the threshold at which the agreement kicks in. That limitation, contained in the project labor agreement attached to the midfield terminal, contrasts with...
More

VIEWPOINT: Signs of economic recovery all around usRestricted Content

August 15, 2005
Barbara Branic
After weathering some difficult times over the last few years, there are encouraging signs that central Indiana has turned the corner on its road to economic recovery. The Indianapolis metro area added 22,000 jobs in the year ending in March-a 2.4-percent increase-and in May, the Indiana unemployment rate dipped below the national average for the first time since December. All signs point to continued modest growth. Patrick Barkey, IBJ contributor and Ball State University economist, says, "We should expect to...
More

Group wants energy czar: Coalition believes utilities slow to climb on efficiency bandwagonRestricted Content

August 15, 2005
Chris O\'malley
Chris Maher's crews at Thermo-Scan Inc. have been plenty busy inspecting for drafts and puny insulation in many of the 14,000 new homes built each year in the metro area. Even so, the principal at the Carmel firm can't help wonder about the vast potential to make the hundreds of thousands of existing homes and businesses more energy efficient-if only homeowners had a little more incentive. Utility companies, he says, have relatively few dollars budgeted to coax customers to install...
More

Past retail failures in China don't scare Simon away: Developer's partnership with Wal-Mart could be keyRestricted Content

August 15, 2005
Scott Olson
Executives of Simon Property Group Inc. are confident the shopping mall owner's foray into China will prove successful, even though they acknowledge others have failed there. In a conference call with analysts late last month, the locally based real estate investment trust announced its plan to be the first American company to develop retailing projects in the communist country. Its first project will be a 500,000-squarefoot mall at Hangzhou, a city of 6 million people about two hours from Shanghai....
More

ECONOMIC ANALYSIS: Indiana's 2 economies: Indy and everyone elseRestricted Content

August 15, 2005
Patrick Barkey
I work for a state university. That's an important reason why I try to keep up to date on what is happening in the state economy. That involves tracking what's going on with things like job growth, unemployment rates, and earnings across the state. I also try to judge how the state's economy is performing against other states, particularly those in the Midwest. That's convenient, but it's also a little misleading. Because for quite some time there really have been...
More

GERALD BEPKO Commentary: State's bulk-sales law should be repealedRestricted Content

August 8, 2005
Law is an important part of the infrastructure for our economy. It can be just as important as highspeed information networks, transportation systems or capital formation. And like all infrastructure, law has to be modernized to take account of changing conditions. Although much law regarding commerce comes from Congress, the states have an important role through something called the Uniform Commercial Code. The UCC reflects the best contemporary thought and is uniform in that it has been enacted in all...
More

ECONOMIC ANALYSIS: Growth of GDP better than might first appearRestricted Content

August 8, 2005
Patrick Barkey
What happens when the world's largest economy continues to grow at a faster rate than that of any other industrialized nation? The answer is, a tremendous amount of wealth is created. That's the real reason investment dollars and boatloads of consumer goods continue to land on our shores from abroad every day. Compared to the tepid growth in the rest of the other mature economies around the globe, we are still the best game to be found. That's a more...
More

Interactive Intelligence posts profit, again: Communications software-maker nets modest earningsRestricted Content

August 1, 2005
Peter Schnitzler
Its profit may be modest. But after years of struggle, Interactive Intelligence Inc. knows the value of small gains. They sure beat massive losses. Last week, the Indianapolis-based software company reported a second-quarter profit of $290,000 on sales of $15.6 million. That compares with a profit of $304,000 on sales of $13.6 million posted during the same quarter last year. It was the company's sixth consecutive profitable quarter, for a total of $1.4 million. That's a big turnaround for the...
More

EYE ON THE PIE: Your call is important to someoneRestricted Content

August 1, 2005
Morton Marcus
I'm on hold after calling Wishard Hospital's Adult Medicine Clinic at 7 a.m., as instructed, to get an appointment with my doctor. My call is very important, the recorded message says, but no one is responding. First, I am told that if this call concerns a "life-threatening situation," I should hang up and call 9-1-1. That's really helpful. Maybe other, more sophisticated patients can identify a "life-threatening situation." I am always reluctant to make such a determination. Then I go...
More

Manufacturers struggle with China's risk, opportunity: Currency valuation one of many competitive issuesRestricted Content

August 1, 2005
Peter Schnitzler
Eighteen months ago, 110 people worked for Swiss Plywood Co., a Tell City-based cabinet-maker in business since 1945. The average tenure was 17 years. Today, only 65 employees are left at the controls of Swiss Plywood's machines. Chairman Bill Borders blames China. "We've weathered storms over the years," Borders said. "But nothing approaching this." Manufacturers in Indiana and across the nation have long complained about what they call Chinese currency manipulation. It's one of a litany of grumbles about Chinese...
More

ECONOMIC ANALYSIS: Manufacturing sector keeps Indiana economy chuggingRestricted Content

July 25, 2005
Patrick Barkey
There is mostly good news on the economy. Both in Indiana and in the nation as a whole, we appear to be heading into the year's second half with reasonably strong momentum. Buoyed by surprisingly low interest rates, a weak dollar and a strong rebound in business spending nationwide, the state economy has turned in a solid performance in the last six quarters. Through the first six months of the year, the Indiana economy is on a pace to create...
More

CHRIS KATTERJOHN Commentary: China Syndrome hits 21st centuryRestricted Content

July 25, 2005
The Chinese have taken a keen interest in U.S. corporations of late. Just this year, a Chinese firm acquired the personal computer business of IBM Corp., and a consortium led by a large Chinese conglomerate investigated-but dropped-the idea of buying appliance maker Maytag. Though they involved long-standing and cherished American brands, neither deal raised too much reaction from American business executives or politicians in Washington. By contrast, when China's CNOOC Ltd. offered in June to acquire California-based Unocal, all hell...
More

TOM HARTON Commentary: Keep your eye on the designRestricted Content

July 18, 2005
Design matters, and architects aren't the only ones who should care. On the eve of two significant ground breakings, even those of us who know nothing about facades and fenestration should consider what's about to take place here. Later this month, the first dirt will be turned on the site of the city's new airport terminal, and we can assume that dignitaries will brandish shiny shovels next month just south of the existing RCA Dome. In both cases, there will...
More

EYE ON THE PIE: Nation forgets how it achieved prosperityRestricted Content

July 18, 2005
Morton Marcus
"How do you do it?" The question came from Mumbles Marcus, my talk-showhost cousin. "Every week, another fresh, insightful column addressing one of our nation's leading issues." Since we were onair, I kept my reply polite: "Actually, Mumbles, I write the same column almost every week. I change the clothing, but the body remains the same. I am obsessed with the many choices we must make to satisfy private interests today and meet the needs of ourselves and others in...
More

Incentives take aim at rising fuel costs: State pumps out grants for company vehicles using alternative fuelsRestricted Content

July 18, 2005
Chris O\'malley
A combination of soaring gasoline prices, state grants and environmental idealism have whet appetites among businesses for "alternative fuel vehicles" such as this batterypowered Global Electric Motorcars model. A $3,996 grant from the Lieutenant Governor's Office paid for about one-third the cost of the Pizza Express vehicle, manufactured by a DaimlerChrysler subsidiary. "Industries such as ours should be pioneers in the electric vehicle frontier," said Gabe Connell, franchisee of the Pizza Express restaurants near IUPUI and in Broad Ripple. As...
More

VIEWPOINT: Hoosiers gave tech transfer a big boostRestricted Content

July 18, 2005
Cam Carter
Today, we take for granted that our state universities play a role far beyond their traditional educational mission-especially in the economic arena. University-sponsored research is being licensed to the private sector, or used to form new companies. Universities are managing business incubators. Consulting partnerships between academia and industry are commonplace. It wasn't always this way. Not long ago, university officials were skeptical of becoming too involved with the private sector. Business leaders and investors didn't recognize the value of innovation...
More

Music events seeking rhythm: Midwest Music Summit picks up the beat for industry convention expected to draw 23,000Restricted Content

July 18, 2005
Andrea Muirragui
The Midwest Music Summit is approaching its fifth year bigger than ever as organizers fine-tune an event they hope will find harmony with a massive convention planned for the same weekend. More than 400 artists are slated to perform at 35 venues throughout the city during the July 21-23 summit-scheduled this year to coincide with International Music Products Association's NAMM Summer Session, an annual gathering expected to draw 23,000 music aficionados for its first stop in Indianapolis. The timing is...
More

Narrow Gate Media LLC: Brothers help others sell via the Web They've developed a template that can be tweaked to create unique sitesRestricted Content

July 18, 2005
Jo Ellen
"People would always tell me I had the personality and social skills that made me a good salesman," said Vaught, who, with his older brother Tim Vaught, founded Narrow Gate Media LLC in January 2000 in Indianapolis. For example, when Tom Vaught bought a motor scooter for his paper route, all his friends wanted to ride it, and he let them-in exchange for delivering the newspapers. "They got to ride the scooter and I still collected the money" from the...
More
Page  << 31 32 33 34 35 36 37 38 39 40 >> pager
Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
ADVERTISEMENT