Economy

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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Indianapolis hotels feel pain of national slumpRestricted Content

July 27, 2009
Anthony Schoettle
Hotel occupancy rates are way down in Indianapolis, as they are elsewhere, but local operators and national analysts think the city is in a good position to bounce back when the economy improves.
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Battered manufacturing towns hungry for food processorsRestricted Content

July 27, 2009
Kathleen McLaughlin
Economic development officials like the stability of the food business, though wages typically are mediocre.
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HICKS: Muncie's status quo is high taxes, poor service

July 13, 2009
Mike Hicks
Property-tax caps, as well as a dwindling population and commercial base, have left Muncie in the uncomfortable situation of cutting budgets. Since the bulk of costs are related to fire and police salaries, few options are available. The city has turned to the short length of rope the Legislature offered amid the debate on property tax caps—the Local Option Income Tax.
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HICKS: Certain unemployment causes worse than othersRestricted Content

June 29, 2009
Mike Hicks
Unemployment often is a necessary and natural part of a healthy economy. But job losses that come when workers or even entire industries become redundant are especially painful.
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MARCUS: Grouch finds good in the economyRestricted Content

June 29, 2009
Morton Marcus
To use a gardening metaphor, have the courage to prune back in a tough economy, and plant new seeds before the weather improves.
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KELLER: The party's over for IU Law grads as stapped firms trim opportunitiesRestricted Content

June 29, 2009
Michael Keller
Fledgling attorneys face a legal industry in defensive mode, resulting in drooping employment figures.
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Half of state's public-company CEOs saw pay rise in 2008

June 22, 2009
Peter Schnitzler
For investors, 2008 was the worst year since the Great Depression. Even so, more than half of the state's public-company executives saw the value of their pay packages rise from 2007—despite the fact that only 10 of the companies posted a positive total return in 2008, and 46 companies shed more than one-third of their stock market value.
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Boomtown on hold: Recession delays Honda's full impact on GreensburgRestricted Content

June 22, 2009
Kathleen McLaughlin
Jobs created by the new manufacturing plant have been offset by losses elsewhere in the community, and related development remains scarce. But local officials remain optimistic about Honda's long-term impact.
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Unprecedented economic forecast revision will frame special sessionRestricted Content

June 1, 2009
Peter Schnitzler
With the help of outside economists, Indiana government undergoes an economic forecast every other yearâ??a process that's taken on increased importance this spring, as Gov. Mitch Daniels and the Legislature attempt to craft a two-year budget amid the deepest recession since the early 1980s.
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Recession toughens faith communitiesRestricted Content

June 1, 2009
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Churches look for ways to pay off construction projects planned before recession took toll on collection platesRestricted Content

May 25, 2009
Kathleen McLaughlin
In Indianapolis and around the country, congregations that expanded before the recession are now taking drastic measures, including budget cuts that have resulted in layoffs, salary reductions and giving less to charities.
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Fiscal crisis calls for drastic measureRestricted Content

May 18, 2009
Mickey Maurer
Ind. Gov. Mitch Daniels will call the Legislature into special session to pass an acceptable budget, but some legislators think a budget that would satisfy the governor cannot be crafted by the contentious partisans in this developing fiasco.
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Tough times require determined leaderRestricted Content

May 11, 2009
Chris Katterjohn
Someone once told me it's easy to run an organization when times are good. It's when times are tough that things get difficult. Well, we're definitely there.
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Embracing risk key to economic revivalRestricted Content

May 11, 2009
A strong economy requires risk-takers, and it is the bold and brash who will seize opportunities as the economy rebounds.
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Data can be deceiving when the economy slowsRestricted Content

May 4, 2009
Ken Skarbeck
Investors today are dealing with a variety of calculation problems when attempting to determine if stocks are attractive values. Some of the more common ratios and statistical measures that investors regularly employ to value businesses become skewed in an economic downturn.
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