Economy

Economist: Recovery at hand, but barriers exist

October 9, 2009
Scott Olson
Leading indicators show that an economic recovery likely will take hold in 2010, although several challenges remain that could delay a solid rebound from the worst recession in a generation, an economist said Friday morning at IBJ's annual Economic Forecast.
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Daniels warns of more cuts amid revenue declines

October 8, 2009
Scott Olson
Indiana Gov. Mitch Daniels warned Thursday morning that more state budget cuts could be forthcoming in light of a prolonged drop in tax collections. Indiana collected $3.3 billion in total revenue during the fiscal first quarter, 14 percent less than the same period last year.
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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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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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Tough job market sinks employment agencies

September 17, 2009
Scott Olson
Indiana's lofty unemployment rate not only is taking a toll on the jobless but also the recruiters that help them find work, leading to the demise of several local employment agencies.
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First-time homebuyers boosting residential sales

September 16, 2009
Scott Olson
Low-priced homes and foreclosures are driving a large chunk of residential real estate sales in Indianapolis, largely due to first-time home buyers taking advantage of a federal tax credit, according to a report released today by Re/Max of Indiana.
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SKARBECK: Iceland offers case study of economy out of controlRestricted Content

September 5, 2009
Ken Skarbeck
Nowhere else on the stage of global economics was financial boom and bust more surreally scripted than in the small isolated country of Iceland.
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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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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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Lottery sales fall 11 percent as Lotto, scratch-off demand wanes

August 14, 2009
Scott Olson
The Hoosier Lottery limped through its latest fiscal year, turning in its poorest sales performance in a half-decade due mostly to declining demand for Hoosier Lotto tickets and scratch-off games, the Lottery said today.
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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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SKARBECK: More reforms sought for target-date fundsRestricted Content

June 29, 2009
Ken Skarbeck
Target-date mutual funds, a popular investment vehicle in 401(k) plans and college savings plans, have recently come under scrutiny by Congress and regulators. Investors are in an uproar over the recent poor performance of funds nearing their target date.
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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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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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HICKS: Administration demonized 'investors' in Chrysler dealRestricted Content

June 1, 2009
Mike Hicks
Almost one-third of Chrysler's investors are schoolteachers, college administrators, firefighters and police officers. These "vultures" of Wall Street finance have seen the value of their hard work severely hampered by the Chrysler bankrutcy plan.
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Panel handicaps market recovery chancesRestricted Content

May 25, 2009
Cory Schouten
A panel of five veterans of real estate and construction provided industry insights at IBJ's Power Breakfast May 1 at the Westin Indianapolis.
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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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In recession, commercial brokers struggle to determine property valuesRestricted Content

May 25, 2009
Chip Cutter
Few commercial real estate properties are changing hands in the Indianapolis area these days, creating challenges for brokers who say it's becoming increasingly difficult to determine the value of properties.
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Recession forces small-business owners to take second jobsRestricted Content

May 25, 2009
Peter Schnitzler
With sales slowed to a crawl, some entrepreneurs must take second jobs working for others to make ends meet.
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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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'Buy local' offers no protection for bad businessesRestricted Content

April 27, 2009
Mike Hicks
These days, the "buy local" crowd seems to have a stronger voice. I am gleeful about this for a variety of reasons, but it is helpful to view some of their claims with a bit of skepticism. At least that is what economists should do.
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Central Indiana could lead economic recoveryRestricted Content

April 27, 2009
Drew Klacik
Every day, we get more bad economic news. While I'm not smart enough to know when the global economy will rebound or how strong the rebound will be, I do believe central Indiana and the Midwest are well-positioned to lead the recovery.
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Jobless fill lull by volunteeringRestricted Content

April 27, 2009
Kathleen McLaughlin
Volunteer managers say they’ve seen an influx this year of people who’ve lost their jobs, as well as students who are anticipating a tough market after graduation. The volunteers are welcome, especially as charities themselves have fewer paid employees.
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  1. I am so impressed that the smoking ban FAILED in Kokomo! I might just move to your Awesome city!

  2. way to much breweries being built in indianapolis. its going to be saturated market, if not already. when is enough, enough??

  3. This house is a reminder of Hamilton County history. Its position near the interstate is significant to remember what Hamilton County was before the SUPERBROKERs, Navients, commercial parks, sprawling vinyl villages, and acres of concrete retail showed up. What's truly Wasteful is not reusing a structure that could still be useful. History isn't confined to parks and books.

  4. To compare Connor Prairie or the Zoo to a random old house is a big ridiculous. If it were any where near the level of significance there wouldn't be a major funding gap. Put a big billboard on I-69 funded by the tourism board for people to come visit this old house, and I doubt there would be any takers, since other than age there is no significance whatsoever. Clearly the tax payers of Fishers don't have a significant interest in this project, so PLEASE DON'T USE OUR VALUABLE MONEY. Government money is finite and needs to be utilized for the most efficient and productive purposes. This is far from that.

  5. I only tried it 2x and didn't think much of it both times. With the new apts plus a couple other of new developments on Guilford, I am surprised it didn't get more business. Plus you have a couple of subdivisions across the street from it. I hope Upland can keep it going. Good beer and food plus a neat environment and outdoor seating.

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