March 13, 2006
On Feb. 24, IBJ Publisher Chris Katterjohn, Managing Editor Greg Andrews and banking reporter Matt Kish sat down with four
leaders from Indianapolis' banking and finance sector: Judith Ripley, director of the Indiana Department of Financial Institutions;
Kit Stolen, CEO of Union Federal Bank of Indianapolis; Steve Beck, president and CEO of the Indiana Venture Center; and Keith
Slifer, senior vice president of LaSalle Bank. Among the topics of conversation: How's the state's economy doing? Are more
bank mergers on...
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March 13, 2006
Indiana's life sciences future starts today In 2004, BioCrossroads was awarded a comprehensive grant by the Lumina Foundation
for Education to study Indiana's life sciences K-12 education standing. One of the goals of the study was to find ways to
improve student performance in science, math and technology in Indiana at the K-12 level. This study rightly identified an
area where meaningful results can be achieved through concerted effort. More important, individuals at Marian College, who
recognize the impact of...
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March 13, 2006
Bruce Hetrick is on vacation this week. In his absence,this column,which appeared on March 17, 2003, is being reprinted. Last
summer, an Indiana University English professor sent me an e-mail. It said that she and her colleagues were creating a new
course called "Careers in English." Its premise: One might do something with an English degree besides teach English. As they
planned their curriculum, the instructors searched for an appropriate textbook. When they couldn't find one, they decided
to create...
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March 13, 2006
Duke Realty Corp. Locally based, publicly traded, commercial real estate firm Flexible work arrangements Duke managers support
flexible work arrangements whenever possible. Some associates work flexible hours, compressed workweeks, part-time schedules
or take advantage of part-time telecommuting. Child care Dependent Care Flexible Spending Accounts are offered and allow associates
to set aside money on a before-tax basis through payroll deductions to cover daycare expenses. Family leave/military leave
Eligible associates may take FMLA leave up to 12 weeks. Employees can also...
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March 13, 2006
Morton MarcusClovis Crowder did not become a leading Hoosier executive by default. He did not inherit his position. He earned it. A man
of rugged countenance, imposing stature and brilliant intellect, he is often mentioned as a candidate for high elected office,
but humbly declines all such invitations. Also, he has no ambition to be a university president or a basketball coach. Recently,
he and I had the following conversation: MM: "Tell me, Mr. Crowder, what has been the essential feature...
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March 6, 2006
Scott OlsonPoliticians seem so much more 21st century when they talk about attracting life sciences and information technology jobs to
Indiana. But they're not about to ignore the state's second-largest employer-the often-overlooked insurance industry. Indiana
insurers employ more than 60,000 Hoosiers, second only to farming, and pay an average annual salary of $47,500, nearly $10,000
more than the state average, according to a 2004 study by Purdue University. Moreover, the industry boasts some of the state's
largest public and private companies-WellPoint...
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March 6, 2006
Peter SchnitzlerIndians explore prospects in Indiana Delegation of 15 execs finds opportunities during tour of Indianapolis, Purdue tech park
J.V.V. Satyanarayana spent the last three years launching his Chennai, India-based software firm. But after only 24 hours
in Indianapolis, he was ready to expand his operation. Satyanarayana was part of a delegation of 15 Indian executives who
visited Indiana last week. His business, SVL Infotech, manages the IT end of medical billing. It has 100 employees and handles
claims worth $100...
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March 6, 2006
Patrick BarkeyMost cities have mayors, police chiefs and tax collectors. But suppose for a moment they each had an additional staff position
as well-the recruiter. Like a basketball coach or a talent scout, these recruiters would scour the country, looking for talented
people who would fit into the community and add to the economic base. And when they found one, they would make their pitch,
touting their town's assets and strengths, and urging the recruit to relocate. The prospects, on the...
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February 27, 2006
Matthew KishBut it's not because Roots doesn't know how to write HTML code. Rather, he's got so much business coming in the doors he doesn't
have any free time for turning wrenches on his own site-www.squishdesigns.com. That's a good problem to have for an entrepreneur
who's still dotting the "i"s on his LLC application. He credits the influx of business to a new networking group for entrepreneurs
that is attracting a sizeable contingent of women and minority business owners. The group-which...
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February 27, 2006
Tammy LieberMike Wilson recalls going to meetings of the Indianapolis Landlords Association in the late 1990s and listening to a "good
old boys club" talk about property management problems such as how to fix toilets and get rid of cockroaches. "They were managing
properties, not buying," said Wilson, who at the time had just started purchasing single-family homes as investments. With
a hunger for knowledge and a hunch that there were others like him, Wilson took a spot on the board...
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February 27, 2006
Scott OlsonThe Indiana Department of Education's effort to outfit high schools with computers is a costly endeavor for a state strapped
for cash. But installing what is known as open-source software is softening the blow. As the name implies, open-source programming
is available for users to study, modify and share freely-a sharp contrast to the proprietary software sold by behemoths such
as Microsoft Corp. and Oracle. Expensive licensing fees associated with the proprietary software sent the Education Department
looking for alternatives....
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February 27, 2006
PETER SCHNITZLER Commentary Embrace India while you still can India will fool you, if you don't pay attention. The term "developing
nation" doesn't begin to do it justice. Having traveled internationally a number of times before, I thought I was prepared
for whatever culture shocks awaited more than 8,000 miles away. I anticipated the heaving crowds, the livestock in the crumbling
streets, even the abject poverty. I didn't expect innovation. And especially not entrepreneurship on par with the kind found...
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February 20, 2006
Peter SchnitzlerBANGALORE, India-HealthAsyst CEO Umesh Bajaj remembers when the only computers allowed in India were self-assembled. As recently
as 20 years ago, the Indian government's protectionist measures prohibited foreign companies from directly selling PCs. Instead,
Indians imported microchips and built the computers themselves. In his first job as an electronics engineer for an Indian
conglomerate, Bajaj crisscrossed the country marketing versions of mainframes and desktops made in India. Today Bajaj, a 55-year-old
born in New Delhi, owns his own Bangalore-based health...
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February 20, 2006
Peter SchnitzlerPassage to Bangalore Hoosiers seek outsourcing and investment opportunities BANGALORE, India-The deal was falling apart. Despite
a week of flirtation and friendly negotiations, the two young Indian entrepreneurs rejected the offer from the group of Hoosier
investors. Frustrated, the investors walked out of the hotel conference room. The chance to speculate on an Indian software
startup called Picsquare.comhad fizzled. But none of the six Indiana business leaders was demoralized. After all, they'd crossed
the globe to pursue business opportunities in...
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February 20, 2006
Tom MurphySt. Vincent Health is spending $9 million to capture more of the city's lucrative market for orthopedic care, a specialty
that could trigger a new arms race among local hospitals. The Catholic hospital network is reworking existing space at its
86th Street campus to create a 61-bed St. Vincent Orthopedic Center that will open in July. The new center aims to consolidate
care in one location and raise the quality bar to new heights. "We think we're creating something that...
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February 13, 2006
As I begin this column, snow is falling. But if I close my eyes I can already feel the heat of next August. I can also feel
the disappointment that another summer has been cut prematurely short by the absurdly early start to the school year. So I'm
cheering the success in the General Assembly of legislation that would move the Indiana Statewide Testing for Educational
Progress back to the spring. The House of Representatives on Feb. 2 approved a...
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February 6, 2006
Ed FeigenbaumA combination of arm-twisting, dealmaking and the sheer brute force of the Office of the Governor came together the last week
of January in a way Hoosiers seldom see. All the pressure was enough to keep Republican House members in line at just the
right time in the legislative process to keep the governor's Major Moves transportation plan moving. There was a lot of deep
exhaling at week's end, some from those in the Governor's Office doing the heavy lifting...
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January 30, 2006
Ginny BurneyWe have two kinds of schools: those that encourage each child to be all he/she can be and those that focus on being efficient
institutions for groups of children. The first kind of school finds ways to help each child who struggles, meets each child's
educational needs, and finds ways to provide each child with the context to achieve as much as he/she can at the most appropriate
pace. The second kind of school is focused on making sure as...
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January 30, 2006
Morton MarcusQuite appropriately, Gov. Mitch Daniels did not make any claims about "a revitalized Indiana economy" in his recent State
of the State speech. He stuck to the theme that we are on track to turning the economy around rather than proclaiming any
victory. This restraint was well-warranted. Indiana ranked 45th among the 50 states in its rate of employment growth for the
past year (November-to-November figures). The nation added jobs at a 1.5-percent rate. Our 0.3-percent increase beat out only...
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January 30, 2006
Ed FeigenbaumIndianapolis may still be waiting for its first significant snowfall of 2006, but the legislative session zips along at breakneck
speed. Jan. 23-27 marks the final week in which committees may consider legislation in their respective chambers of origin.
We've warned you this session would consider matters of substance despite its short fuse-lawmakers will adjourn no later than
March 14. So how do things shape up so far? If someone from another planet were to peer in underneath the Statehouse...
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January 23, 2006
Morton MarcusQuite appropriately, Gov. Mitch Daniels did not make any claims about "a revitalized Indiana economy" in his recent State
of the State speech. He stuck to the theme that we are on track to turning the economy around rather than proclaiming any
victory. This restraint was well-warranted. Indiana ranked 45th among the 50 states in its rate of employment growth for the
past year (November-to-November figures). The nation added jobs at a 1.5-percent rate. Our 0.3-percent increase beat out only...
More
January 23, 2006
Ed FeigenbaumIndianapolis may still be waiting for its first significant snowfall of 2006, but the legislative session zips along at breakneck
speed. Jan. 23-27 marks the final week in which committees may consider legislation in their respective chambers of origin.
We've warned you this session would consider matters of substance despite its short fuse-lawmakers will adjourn no later than
March 14. So how do things shape up so far? If someone from another planet were to peer in underneath the Statehouse...
More
January 23, 2006
Ginny BurneyWe have two kinds of schools: those that encourage each child to be all he/she can be and those that focus on being efficient
institutions for groups of children. The first kind of school finds ways to help each child who struggles, meets each child's
educational needs, and finds ways to provide each child with the context to achieve as much as he/she can at the most appropriate
pace. The second kind of school is focused on making sure as...
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January 16, 2006
Bill BennerA centennial celebration only comes around, what, every hundred years or so? Given that, the NCAA hopes to do right by its
100th anniversary, and to maximize the opportunity it brings. "This is the catalyst," says Dennis Cryder, the association's
senior vice president for branding and communications. "The foundation has been put in place. Now we want to use the centennial
to put our student-athletes out front, and represent the best of the whole process of putting sports and academics...
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January 16, 2006
Robert GervasiThe goal of "crosscultural understanding" is now practically a mantra at every university, and the federal government has
joined the chorus. President Bush has proclaimed, "America's leadership and national security rest on our commitment to educate
and pre pare our youth for active engagement in the international community." And in November, the U.S. Senate designated
2006 as the "Year of Study Abroad." The Senate resolution maintains that education abroad promotes the nation's "security,
stability and economic vitality." It notes with...
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these guys only skill was to steal from other's hard earned savings.
I voted for him last time and it WAS the LAST time. He needed to to quit running around the world on useless trips, and giving our $$ away to sports teams. I'll vote for anyone but Ballard next time. BTW...we gave $40M to the Pacers and cannot even watch the games on TV.
For the people concerned about traffic, you should know that mixed-use projects (like the one being proposed), actually allows for and encourages more people to walk and bike, thereby mitigating additional automobile traffic. If we continue to design and build suburban-type projects in the City (i.e. automobile-oriented projects), we are not offering anything different from what the suburbs offer, which means we will continue to lose jobs/people to the suburbs. The reason Broad Ripple is somewhat successful today is that people want to live in a place that offers the convenience of being able to walk/bike to restaurants, retail, nightlife, the Monon, etc. Why would you not want to support a project that is complimentary to what already makes the area desirable? The real argument with this project should be its lack-luster design and layout, not the density.
It is unfortunate that there is a perception that celebrities validate an event. The Indy 500 stands on its own, especially for those coming in from out of town. It was always so disturbing to read the gushing descriptions of Ashley Judd threaded throughout the local coverage. Very happy that era is at an end.
Good ole' Obamacare. Thanks liberals and those who didn't bother to vote.