Federal Government

Deficit committee could bite CNO

October 17, 2011
J.K. Wall
Medicare supplement policies are reportedly one of the targets of Congress’ special deficit-reduction committee—and that’s not good news for Carmel-based CNO Financial Group Inc.
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More Hoosier investment advisers will be regulated by stateRestricted Content

October 15, 2011
 IBJ Staff
The federal Dodd-Frank act shifts firms from Securities and Exchange Commission oversight.
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Lilly gets dinged for job cuts

October 10, 2011
J.K. Wall
Eli Lilly and Co. got called out in a recent report on companies that took advantage of the 2004 tax holiday on foreign profits and have since slashed jobs.
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Indiana doles out $60 million interest payment to fedsRestricted Content

October 8, 2011
 IBJ Staff
The state owes $2 billion in federal unemployment insurance debt.
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U.S. OKs $196M for high-speed Chicago-Detroit rail

October 5, 2011
Associated Press
The U.S. Department of Transportation has approved $196.5 million for part of a high-speed Amtrak passenger rail link between Chicago and Detroit, U.S. Sens. Carl Levin and Debbie Stabenow from Michigan said Wednesday.
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Farm subsidies may face cuts amid record profits

October 4, 2011
Bloomberg News
U.S. farmers earning record profits are fighting to maintain agricultural subsidies, a likely target of the congressional supercommittee working to reduce federal spending.
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Angling to be VP: Republicans run without campaigning

September 30, 2011
Associated Press
More than a year from Election Day, all sorts of Republicans, including Indiana Gov. Mitch Daniels, are making a point of keeping themselves in the national spotlight, stoking speculation that they are potential running mates for the eventual GOP presidential nominee.
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Medical supplier Hill-Rom makes $42M fraud settlement

September 27, 2011
Associated Press
Hill-Rom Holdings Inc., a medical-equipment company based in Indiana, agreed Tuesday to pay nearly $42 million to settle a government lawsuit. The government had accused the company of knowingly submitting false claims to Medicare from 1999 to 2007.
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Postal service union workers plan rallies around Indiana

September 27, 2011
 IBJ Staff
Organizers from the AFL-CIO say the rallies in 13 locations around Indiana are part of a national effort seeking support for congressional action to shore up the struggling agency.
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Non-candidates Christie, Daniels loom over presidential race

September 22, 2011
Bloomberg News
Governors Chris Christie of New Jersey and Mitch Daniels of Indiana have ruled themselves out of the 2012 race for the White House. Yet both Republicans are keeping themselves in the public eye.
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GAO finds cost estimates for F136 engine outdated

September 22, 2011
Kathleen McLaughlin
Some members of Congress hope to revive work on the alternate engine for the F-35 Joint Strike Fighter, which Rolls-Royce in Indianapolis worked on for nine years before the project was halted in April.
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Daniels outlines fix for national debt in new book

September 19, 2011
Associated Press
Indiana Gov. Mitch Daniels writes in his new book that massive entitlement spending reform is needed to avert a national economic disaster.
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Official says feds got Indiana error rate wrong

September 14, 2011
Associated Press
Indiana makes a lot of errors on unemployment insurance benefits, the White House and U.S. Labor Department said Wednesday, but the state official overseeing those payments said federal officials are making mistakes of their own.
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Conservative legislator Delph won't challenge Lugar

September 14, 2011
Associated Press
State Sen. Mike Delph said Wednesday he would stay in the Indiana Legislature and focus on raising his family.
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Senate passes overhaul of patent system

September 10, 2011
Bloomberg News
The legislation would fundamentally alter the way patents are reviewed and mark the biggest change to U.S. patent law since at least 1952.
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Mourdock could benefit from climate regulations

September 9, 2011
Associated Press
Indiana Treasurer Richard Mourdock has campaigned heavily against measures to combat climate change even as he holds stock in an energy company that's banking on those regulations to help build a market for its product.
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Video shows former councilor taking money from FBI agent

September 8, 2011
 IBJ Staff and Associated Press
Prosecutors showed video in court of a former Indianapolis City-County Council member taking what they say was a $5,000 bribe from an undercover FBI agent seeking help opening a strip club in the city.
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Daniels works to maintain national profile

September 5, 2011
Associated Press
Since he decided against running for president in May, Gov. Mitch Daniels has given more interviews on national television than when he was still considering a run. Although he has said no to the top of the presidential ticket, he has not ruled out running for vice president.
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Indiana lawmaker's lynching reference riles tea party

August 31, 2011
Associated Press
Democrat Andre Carson of Indianapolis, a black congressman, used a lynching metaphor to describe tea party policies he says would turn minorities into "second class citizens."
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WellPoint spent $1.3M on federal lobbying in 2nd quarter

August 18, 2011
Associated Press
WellPoint lobbied on issues tied to the overhaul's implementation and regulations for accountable care organizations, which are networks of hospitals, doctors, rehabilitation centers and other providers that coordinate a patient's care.
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Federal cuts in training funds hit at awkward timeRestricted Content

August 13, 2011
Francesca Jarosz
Funding for the state’s work-force-development agencies to help Hoosiers develop job skills has fallen sharply, even as unemployment remains high and the economy is still shaky.
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Cummins OK with new federal fuel standards for trucks

August 9, 2011
U.S. truck makers are expected to improve tractor-trailer fuel economy by about 20 percent by 2018, saving $50 billion in fuel costs over five years and decreasing carbon-dioxide emissions, President Barack Obama said.
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HICKS: Cuts will come in wake of federal budget dealRestricted Content

August 6, 2011
Mike Hicks
It is clear that the agreement to raise the United States’ debt ceiling demands cuts to military budgets, to entitlements and to the vast cornucopia of discretionary spending.
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Most Indiana lawmakers vote against raising debt ceiling

August 2, 2011
Associated Press
A majority of Indiana's congressional delegation bucked the trend and voted against emergency legislation to raise the nation's debt ceiling, drawing praise from a tea party official.
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Obama signs debt bill after final Senate vote

August 2, 2011
Associated Press
The Senate emphatically passed emergency legislation Tuesday to avoid a first-ever government default, rushing the legislation to President Barack Obama for his signature just hours before the deadline.
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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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