Economy

Greensburg manufacturer sold, jobs moving to Oklahoma

November 3, 2009
The Autoquip Corp. has completed its acquisition of American Lifts in Greensburg and will be moving nearly 50 jobs to company headquarters in Guthrie, Okla.
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HICKS: Recession results in 'great deleveraging'Restricted Content

October 31, 2009
Mike Hicks
On virtually every meaningful measure, this recession stacks up as only the third or fourth worst post-World War II recession, but its effects are much more profound in a few areas. One area that will be most apparent is the changes the economy has wrought on consumer credit.
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Indiana insurance industry weathers hard times

October 24, 2009
J.K. Wall
Employment in Indiana's insurance industry has remained stable despite a poor economy.
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HICKS: Non-market valuation is an important planning toolRestricted Content

October 24, 2009
Mike Hicks
One of the more intriguing things economists are called upon to do is what is known as non-market valuation. This is a process for estimating a â??priceâ?? of something that isnâ??t typically bought or sold.
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State jobless rate dips for third consecutive month

October 21, 2009
Scott Olson
Unemployment in Indiana fell for the third consecutive month in September, bucking the national trend of rising jobless rates, the Indiana Department of Workforce Development said Wednesday morning.
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Lockheed Martin planning Indianapolis layoffs

October 19, 2009
 IBJ Staff
Maryland-based Lockheed Martin will idle 10 percent of the employees at its Indianapolis call center as a result of declining call volumes and "funding issues" that are cutting short a five-year federal contract worth a total of $80 million.
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Survey: Manufacturers optimistic about economic recovery

October 13, 2009
Scott Olson
Indiana manufacturers, many of which have suffered major job losses, are optimistic the economy will rebound next year, according to an annual survey commissioned by Katz Sapper & Miller LLP.
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IU: Indiana economy turned in March

October 7, 2009
Norm Heikens
The Indiana economy turned up in March, but the recovery has been slow and dogged. That's the picture painted by a new monthly index unveiled Wednesday by the Indiana Business Research Center within the Kelley School of Business at Indiana University.
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HICKS: What a third-grader gets about economic policy

October 3, 2009
Mike Hicks
Business and people now, and in the future, will choose to locate in places that have the right mix of taxes and public services.
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U.S. jobless rate reaches 9.8 percent in September

October 2, 2009
Associated Press
The unemployment rate rose to 9.8 percent in September, the highest since June 1983, as employers cut far more jobs than expected. The report is evidence that the worst recession since the 1930s is still inflicting widespread pain.
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KATTERJOHN: Buy some underwear, men

September 26, 2009
Chris Katterjohn
It turns out the purchase of men’s underwear is an esoteric economic indicator for economists all over the world. Alan Greenspan himself apparently considers it important. That was news to me.
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MANN: Commercial real estate is next mortgage crisisRestricted Content

September 19, 2009
Brian Mann
The cresting wave of maturing commercial real estate debt is the second act in our nation's credit crisis.
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State's jobless rate dips, but decline could be temporary

September 18, 2009
 IBJ Staff
Indiana's unemployment rate in August fell below double digits for the first time since April, the Indiana Department of Workforce Development said this morning, but the decline could just be a blip.
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MARCUS: State's long-term job deficit tops 800,000

September 12, 2009
Morton Marcus
Recently, I saw a newspaper story detailing the number and percentage of jobs lost over the past year for Indiana’s metropolitan areas. This year-over-year story is appropriate, but it tends to hide the truth behind the numbers.
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MARCUS: Transportation tells us about economy

September 5, 2009
Morton Marcus
Our many national concerns are manifest in the widespread transportation industry. The level of economic activity determines the demand for transportation services and equipment.
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National jobless rate hits 26-year high

September 4, 2009
Associated Press
The unemployment rate jumped almost a half-point, to 9.7 percent, in August, the highest since 1983, reflecting a poor job market that will make it hard for the economy to begin a sustained recovery.
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Kansas City out of running for Harley-Davidson plant

September 1, 2009
 IBJ Staff
Central Indiana’s chances for landing a Harley-Davidson motorcycle plant have been improved by the elimination of Kansas City from the list of potential sites.
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Economy pushes executives into small firms

August 29, 2009
Peter Schnitzler
In the recession, folks with former big-company careers are increasingly taking jobs with small businesses. For some downsized executives, it’s about the desperate need for a paycheck. Others, who felt impotent and pigeonholed in corporations, discover they prefer the challenge of entrepreneurship.
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KANNING: Is our nation following in GM's footsteps?

August 24, 2009
Flawed decisions destroy organizations, not company size or lack thereof.
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Indiana's jobless rate remains nearly unchanged

August 21, 2009
 IBJ Staff
Indiana's unemployment situation appears to be stabilizing as the jobless rate held almost steady for the third month in a row, the Indiana Department of Workforce Development said this morning.
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Indiana workplace deaths rise slightly

August 20, 2009
 IBJ Staff
The number of Hoosiers who died on the job last year ticked up from the previous year. But the total still represents the second-fewest workplace fatalities since the federal government began tracking the statistic in 1992, the Indiana Department of Labor said today.
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MARCUS: Changing roles cause conflictRestricted Content

August 17, 2009
Morton Marcus
Americans are uncomfortable when responsibilities between the public and private sectors shift.

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CIB OKs budget, but awaits council vote

August 10, 2009
Scott Olson
Members of the Indianapolis Capital Improvement Board this afternoon passed a $63 million budget for 2010 that hinges on the City-County Council’s approval of a hike in the local hotel tax.
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MARCUS: Economic slump inspires platitudes galore

August 3, 2009
Morton Marcus
If the problem is that consumers and businesses are not spending because banks aren’t lending, then government making it easier for banks to lend and consumers to spend is a good thing. The stimulus plan is right on target.
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Muncie manufacturer Duffy calling it quits

July 30, 2009
Duffy Tool & Stamping LLC in Muncie has notified the Indiana Department of Workforce Development that the company will close its plant by the end of October. Roughly 130 workers will lose their jobs as a result of the closure, Duffy said in its July 27 filing.
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  1. A Tilted Kilt at a water park themed hotel? Who planned that one? I guess the Dad's need something to do while the kids are on the water slides.

  2. Don't come down on the fair for offering drinks. This is a craft and certainly one that belongs in agriculture due to ingredients. And for those worrying about how much you can drink. I'm sure it's more to do with liability than anything else. They don't want people suing for being over served. If you want a buzz, do a little pre-drinking before you go.

  3. I don't drink but go into this "controlled area" so my friend can drink. They have their 3 drink limit and then I give my friend my 3 drink limit. How is the fair going to control this very likely situation????

  4. I feel the conditions of the alcohol sales are a bit heavy handed, but you need to realize this is the first year in quite some time that beer & wine will be sold at the fair. They're starting off slowly to get a gauge on how it will perform this year - I would assume if everything goes fine that they relax some of the limits in the next year or couple of years. That said, I think requiring the consumption of alcohol to only occur in the beer tent is a bit much. That is going to be an awkward situation for those with minors - "Honey, I'm getting a beer... Ok, sure go ahead... Alright see you in just a min- half an hour."

  5. This might be an effort on the part of the State Fair Board to manage the risk until they get a better feel for it. However, the blanket notion that alcohol should not be served at "family oriented" events is perhaps an oversimplification. and not too realistic. For 15 years, I was a volunteer at the Indianapolis Air Show, which was as family oriented an event as it gets. We sold beer donated by Monarch Beverage Company and served by licensed and trained employees of United Package Liquors who were unpaid volunteers. And where did that money go? To central Indiana children's charities, including Riley Hospital for Children! It's all about managing the risk.

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