Economy

City's fast-growing companies surge with economic recoveryRestricted Content

June 18, 2011
Marc D. Allan
An economic recovery blowing against their backs propelled some Indianapolis-area companies to scorching growth.
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HICKS: Absence of fathers has dire economic impactRestricted Content

June 18, 2011
Mike Hicks
Poverty in America is overwhelmingly caused by two things: failing to graduate from high school and single parenting.
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State’s jobless rate holds steady at 8.2 percent

June 17, 2011
Indiana's unemployment rate remained unchanged in May from the previous month. Because the rate has been at or below 8.5 percent for three consecutive months, the state is no longer eligible for a portion of extended unemployment benefits.
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Economists: Lower growth, higher oil prices coming

May 16, 2011
Associated Press
The predictions of the economists reflect the jitteriness of a public that is still recovering from the financial crisis and now getting squeezed by rising prices for gas, groceries and other household items.
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Economic Club of Indiana getting new manager

April 21, 2011
Francesca Jarosz
The Indiana Chamber of Commerce, which has overseen the Economic Club of Indiana for the last three and a half years, will end its relationship with the group after May's luncheon.
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SPECIAL REPORT: Indiana companies charge into China

March 26, 2011
Greg Andrews
With economic growth in the United States sluggish, Indiana companies are joining the race to capitalize on the fast-growing Chinese economy—even as hundreds of millions of Chinese move into the middle class and adopt a Western-style thirst for goods and services.
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Can China maintain pace of economic growth?

March 26, 2011
Greg Andrews
People talk about China’s continued economic growth almost as if it is a foregone conclusion, but not all economists are so sure.
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Economist: U.S. recovery ‘turning a corner’

March 16, 2011
Kathleen McLaughlin
Manufacturing growth will continue to lead an economic recovery in the United States, predicted PNC Financial Services Group senior economist Robert Dye, in town Wednesday to deliver his forecast at Meridian Hills Country Club.
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Wholesale prices jump on steep rise in food costs

March 16, 2011
Associated Press
Wholesale prices jumped last month by the most in nearly two years due to higher energy costs and the biggest rise in food prices in 36 years.
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U.S. unemployment rate drops to 8.9 percent

March 4, 2011
Associated Press
The unemployment rate has been falling for three months, down from 9.8 percent in November, marking the sharpest three-month decline since 1983.
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Experts: Economy too weak to fuel venture-capital investmentRestricted Content

February 26, 2011
Norm Heikens
Activity 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.
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HICKS: Earmarks need overhaul, but they aren't entirely badRestricted Content

January 22, 2011
Mike Hicks
Our 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.
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More unemployment claims filed nationally last week

January 6, 2011
Associated Press
The 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.
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HICKS: Why economic forecasting is inexact scienceRestricted Content

January 1, 2011
Mike Hicks
Forecasts are primarily used as a tool to begin, not end, conversations about business and government matters.
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MARCUS: Tax cuts are not efficient as a job stimulus

December 25, 2010
Morton Marcus
Many 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.
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Construction, manufacturing may lead economic recovery

December 24, 2010
Kathleen McLaughlin
The recession came to an official end 18 months ago, but Indiana’s unemployment rate hovered around 10 percent.
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Economy brightens as consumers spend, layoffs slow

December 23, 2010
Associated Press
The latest data confirm that the economy is improving, even though too few jobs are being created to lower the 9.8 percent unemployment rate.
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HICKS: Inflation delays visit, but it'll arrive eventuallyRestricted Content

December 18, 2010
Mike Hicks
All economists know that, at its core, inflation is caused solely by too much money chasing too few goods.
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State unemployment rate dips to 9.8 percent

December 17, 2010
 IBJ Staff
Indiana'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.
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Indianapolis banker sees progress, challenges at ailing Integra

December 4, 2010
Greg Andrews
Mike 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.
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Jobless rate rises to 9.8 percent as U.S. job growth slows

December 3, 2010
Associated Press
With 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.
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Jobless claims tick up again

December 2, 2010
Associated Press
Difficulties 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.
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Jobless claims drop sharply

November 24, 2010
Associated Press
A 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.
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State'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.
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Jobless claims fall sharply to 4-month low

November 10, 2010
Associated Press
The 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.
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  1. If I were a developer I would be looking at the Fountain Square and Fletcher Place neighborhoods instead of Broad Ripple. I would avoid the dysfunctional BRVA with all of their headaches. It's like deciding between a Blackberry or an iPhone 5s smartphone. BR is greatly in need of updates. It has become stale and outdated. Whereas Fountain Square, Fletcher Place and Mass Ave have become the "new" Broad Ripples. Every time I see people on the strip in BR on the weekend I want to ask them, "How is it you are not familiar with Fountain Square or Mass Ave? You have choices and you choose BR?" Long vacant storefronts like the old Scholar's Inn Bake House and ZA, both on prominent corners, hurt the village's image. Many business on the strip could use updated facades. Cigarette butt covered sidewalks and graffiti covered walls don't help either. The whole strip just looks like it needs to be power washed. I know there is more to the BRV than the 700-1100 blocks of Broad Ripple Ave, but that is what people see when they think of BR. It will always be a nice place live, but is quickly becoming a not-so-nice place to visit.

  2. I sure hope so and would gladly join a law suit against them. They flat out rob people and their little punk scam artist telephone losers actually enjoy it. I would love to run into one of them some day!!

  3. Biggest scam ever!! Took 307 out of my bank ac count. Never received a single call! They prey on new small business and flat out rob them! Do not sign up with these thieves. I filed a complaint with the ftc. I suggest doing the same ic they robbed you too.

  4. Woohoo! We're #200!!! Absolutely disgusting. Bring on the congestion. Indianapolis NEEDS it.

  5. So Westfield invested about $30M in developing Grand Park and attendance to date is good enough that local hotel can't meet the demand. Carmel invested $180M in the Palladium - which generates zero hotel demand for its casino acts. Which Mayor made the better decision?

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