Government

Strides taken in life sciences, experts say: Industry panel: Thanks to ongoing efforts, Indiana has experienced serious progress as biomedical hotbed during last 5 yearsRestricted Content

July 23, 2007
Five leaders of Indiana's life sciences industry offered their perspectives at the Indiana Convention Center June 26 as part of the Indianapolis Business Journal's Power Breakfast Series. The panelists: Mike Arpey, managing director of global investment bank Credit Suisse's Asset Management Division and manager of the $73 million Indiana Future Fund for BioCrossroads, the state's life sciences economicdevelopment initiative. Ron Ellis, co-founder, president and CEO of Lafayettebased Endocyte Inc., a biotechnology company focused on the treatment of cancer through receptor-targeted...
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Government buoys office market: Downtown vacancy rate drops as agencies expandRestricted Content

July 23, 2007
Cory Schouten
Downtown's anemic office market has shown signs of life over the last few months, but that doesn't mean companies are taking more space and pushing occupancy rates higher. Credit goes to the government. State and local agencies absorbed roughly 175,000 square feet of office space during the second quarter of 2007, pushing the vacancy rate down to 15.9 percent, roughly a point lower than in the first quarter. The deals include 50,000 square feet for the Public Defender's Office in...
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EYE ON THE PIE: Taxes pay for what Hoosiers wantRestricted Content

July 23, 2007
Morton Marcus
Good people, me included, have been making dumb statements about the property tax mess in Indiana. The problem is that we don't know enough to talk or write intelligently on the topic. The result is that we can be led by our noses into an even worse mess. "Abolish the property tax!" some demand. Then what? Abolition of the property tax means raising some other taxes or fees, unless government spending on services decreases. The state has been urging counties...
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NOTIONS: A property tax sigh of relief and a reform wish listRestricted Content

July 23, 2007
Bruce Hetrick
The nightstand clock reads 5:17. Too early to wake up. But hey, I've been tossing and turning for hours, so why lie here any longer, pretending? The cause for this night's insomnia is money. Money for two kids starting college. Money to replace the Money to paint the house. Money for employees' salaries. Money for employees' parking. Money for employees' retirement. Money for employees' health insurance. Money for their families' health insurance. Money to get the yellow highway paint off...
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VIEWPOINT: Domestic 'insourcing' our way to job growthRestricted Content

July 16, 2007
Joe Hornett
Anchor Lou Dobbs of CNN is a pest to some folks and a hero for others. His recurring economic message laments a view of U.S. workers losing out as companies send jobs overseas. Dobbs' critics, of course, cite his convenient omission of the many interna tional companies that invest in U.S. communities through new manufacturing plants, research facilities and other initiatives. Love the debate or detest it, but consider this: Hasn't Dobbs helped stir a discussion about how the new...
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Speeding Toward Better Health: Regenstrief Institute continues to fine-tune a medical-records system that many think could someday become a national modelRestricted Content

July 16, 2007
J.K. Wall
Regenstrief Institute continues to fine-tune a medical-records system that many think could someday become a national model The Regenstrief Institute is a racing team. Only instead of drivers and grease monkeys, the Indianapolis-based medical research group has doctors and computer geeks. And instead of a race car, Regenstrief runs a massive computer database with 35 years of medical records from Indianapolis-area patients. But Regenstrief's mission is still all about speed. The not-for-profit is driving to discover better ways to care...
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EYE ON THE PIE: Health care and the pursuit of happinessRestricted Content

July 16, 2007
Morton Marcus
Some people believe the Fourth of July grants them liberty to disturb the night with their firecrackers. My pursuit of happiness is in conflict with theirs and I want them jailed. We all gladly infringe on the liberties of others while in pursuit of our own happiness. For example, should motorcyclists wear helmets? Yes, if all of us expect to pay their hospital bills (through higher premiums) and maintain them on disability after they have head injuries that might be...
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Richest soon may assume larger share of tax burden: BULLS & BEARSRestricted Content

July 16, 2007
Ken Skarbeck
The rise in property taxes and a doubling of the Marion County income tax have residents steaming. Yet as IBJ columnist Ron Gifford noted in his column last week, you can argue about which taxes legislators should increase-whether on property, income or sales-but the fact is that governments need more revenue, and, therefore, a variety of taxes are rising. Paying tax is not the most pleasant of human endeavors. However, in a capitalistic society, taxes are necessary and, when applied...
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Industry takes deep breath over ozone: Tougher EPA standards could force costly emission controls, choke economic growthRestricted Content

July 16, 2007
Chris O\'malley
Just when the nine-county metro area appeared back in the good graces of the federal government where ozone levels are concerned, the feds want to tighten the standard once more. Manufacturers and other businesses that pump pollutants into the air that combine with sunlight to produce ozone are "apprehensive" about the proposed new rules, said Patrick Bennett, vice president of environmental, energy and infrastructure at the Indiana Manufacturers Association. Businesses in non-attainment counties face possible restrictions on expansion of facilities...
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2nd Globe expands in Canada: Young & Laramore founder to head new officeRestricted Content

July 9, 2007
Anthony Schoettle
David Young, co-founder of one of the city's largest advertising agencies, is packing his bags and heading for Vancouver, British Columbia. This month, Young will oversee the opening of agency Young & Laramore's first Canadian office, which is being set up to grow the firm's 2nd Globe division in the Pacific Northwest. 2nd Globe, a 12-year-old division dedicated to bringing art, architecture and commerce together, is the brainchild of Young and is known for its work on several high-profile central...
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BEHIND THE NEWS: Judge in fraud case fines Brightpoint defendant $50,000Restricted Content

July 9, 2007
Greg Andrews
A federal judge in a high-profile fraud case has slapped a former Brightpoint Inc. manager with a $50,000 fine-a relatively modest sum, but one the manager says he lacks the resources to pay. Judge Harold Baer of U.S. District Court in Manhattan late last month assessed the fine against Tim Harcharik, the former director of risk management for the wireless phone wholesaler. Harcharik, 53, was the sole remaining defendant in a securities fraud lawsuit the SEC brought in 2003 against...
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ECONOMIC ANALYSIS: Big Three carmakers' slide will not be easy to reverseRestricted Content

July 9, 2007
Patrick Barkey
The last writings of the late novelist Kurt Vonnegut portrayed the Americans of today as "drunk" on fossil fuels. Of course, that's only partly true. What we're really addicted to are the machines we pour the fuel into, especially the automobile. We have more registered vehicles in this country than we have drivers. In 2005, we collectively drove more than 3 trillion miles in our vehicles-15,000 miles for each of the nation's 199 million drivers. And the numbers go up...
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EYE ON THE PIE: Indiana property taxes, explainedRestricted Content

July 9, 2007
Morton Marcus
It was a beautiful sunny Hoosier day and I was delighted to see Faye of the Forest perched on my deck railing. "Hey, Faye," I said. "What's up?" "My property taxes are up," she said, with irritation in her voice but a tear in her eye. "You know my little treehouse. I've lived there for years and the taxes keep going up. Why? What is going on?" "I hate to say this," I said, "but the explanation gets more complicated...
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Commentary: We can learn some things from TurkeyRestricted Content

July 9, 2007
Tom Harton
Turkey isn't high on the list of countries Americans visit. Tell friends you're going to France and they congratulate you. Tell them you're going to Turkey, and they ask why. They might follow the why with a reference to the movie "Midnight Express," a 1978 film about an American's nightmarish experience in a Turkish prison. Midnight Express had such a negative effect on Americans' perceptions of Turkey that the man who wrote the book the movie is based upon recently...
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City steps up effort to help immigrants: Mayor's wife spearheading program to better acclimate newcomersRestricted Content

July 2, 2007
Scott Olson
The burgeoning number of immigrants arriving in Indianapolis have a new source available to help them navigate unfamiliar surroundings and the kaleidoscope of social support systems available. The Immigrant Welcome Center is a program launched in October that uses volunteers dubbed "natural helpers" to link foreign newcomers to such basic needs as health care, government and transportation services. Although the effort is nearly 9 months old, it's just now getting up to speed as organizers are interviewing candidates to lead...
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Commentary: Don't like new taxes? Voter, blame thyself!Restricted Content

July 2, 2007
Abdul-Hakim Shabazz
A lot of people across Marion County are going to be upset this month as their property tax bills start landing on their doorsteps. Taxes are expected to increase an average of 24 percent. Although that means there will be some people with tax increases much less, there will be a lot more with increases way above that number. I've already heard stories of 30-percent increases in tax bills, 50-percent increases, and one poor soul told me he got a...
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ECONOMIC ANALYSIS: Long spoiled by low rates, nation now faces increaseRestricted Content

July 2, 2007
Patrick Barkey
It wasn't long ago that writing an economic analysis column meant-surprise-that you analyzed the ups and downs of the economy. And if you came of age in the 1960s and '70s, there were plenty of ups and downs to keep track of. Volatility in just about everything was higher then, with strikes, inflation and more frequent recessions the order of the day. And even though that environment has changed remarkably since the mid-'80s, the habit of peering at the data...
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Legislators to look at mass transit's potential: Review is timely for backers of a northeast transit lineRestricted Content

July 2, 2007
Chris O\'malley
If a downtown-to-Fishers mass transit system ever happens, its first stop-figuratively, at least-will be at the Statehouse. There, at least one legislator could be influential in getting the state's help toward building a system that could cost upwards of $1.5 billion, depending on the type of transit vehicle used. Rep. Terri J. Austin, D-Anderson, who chairs the House Roads and Transportation Committee, plans to convene a summer study committee in August that will look at the state's future in mass...
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BULLS & BEARS: Answers to tax questions are sometimes surprisingRestricted Content

July 2, 2007
Ken Skarbeck
Taxes are always a consideration in investment decisionmaking. Investors need to be vigilant to changes in the tax code, because from year to year there may be changes that can affect the choices they make. And while there are some broad tax generalities, an individual's tax profile is specific to that person. Navigating the tax code can be daunting. Yet with some tedious reading and a strong dose of common sense, investors can arrive at rational decisions. I have found...
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EYE ON THE PIE: Here's government behavior at its bestRestricted Content

June 25, 2007
Morton Marcus
At last, the professional basketball season is over. At last, the saga of the Sopranos is ended. The Cubs, the Cards, the White Sox and the Reds are in their usual states of disgrace. Our governor has announced his candidacy for reelection. There seem to be no surprises in our world. How normal are things? Consider this: Indiana and Illinois have agreed on reciprocal discounts for motorists on their toll roads. If you live in DeKalb County, Indiana, and visit...
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Tax hike may finally settle police pension problem: Measure could end 30-year battle over public safetyRestricted Content

June 25, 2007
Peter Schnitzler
The Indianapolis-Marion County City-County Council is considering a proposal from Mayor Bart Peterson to raise at least $85 million annually for public safety through an increase in local income taxes. Since Democrats control the Council 15 to 14, the measure is expected to pass by the end of July and take effect Oct. 1. The tax hike would finally settle a 30-year battle that constantly pitted public safety's immediate needs against its longterm pension obligations. Much of the revenue generated...
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Bar program takes aim at loan debt: Legal aid attorneys can get reliefRestricted Content

June 25, 2007
Scott Olson
In 2037, Melody Goldberg will be 57 years old and eligible for membership in AARP. While the lawyer at Indiana Legal Services Inc. has difficulty relishing the thought, she can at least look forward to the time when she's finally liberated of her student loans. But for now, Goldberg, 27, can take solace as well knowing she's content at the public service job she enjoys without worrying about how she's going to make her next loan payment. The 2006 graduate...
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As barriers drop, even small firms go global: Local company pushed its blood monitor worldwide

June 25, 2007
J.K. Wall
Here's one way to send your company's revenue through the roof: Push your product into 70 countries around the world. That's easier said than done, of course. But it's exactly the path Polymer Technology Systems Inc. took to help quadruple sales of its cholesterol-checking device in the last three years. How Indianapolis-based PTS pulled off the feat shows how even small companies in Middle America can become global enterprises in today's economy. In fact, the possibility of worldwide expansion is...
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ECONOMIC ANALYSIS: Will state's job growth always trail nation's?Restricted Content

June 18, 2007
Patrick Barkey
You usually have to swallow your pride when it comes time to forecast the growth of the Indiana economy. That's because no matter what your heart says, your head tells you what the best forecast will be. That is the one that pulls up well short of growth in the rest of the country. There are a lot of talented people working hard around the state trying to change that. And if the full truth be told, most of our...
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Surge in ethanol plants means transit adjustments: Study predicts increasing truck traffic, road issuesRestricted Content

June 11, 2007
Scott Olson
The road Indiana is traveling to help the nation reduce its dependence on foreign oil could be in for a bumpier ride than even the worst Hoosier highways. Indiana is at the epicenter of the renewable fuels movement and has provided economic incentives for the construction of a dozen new ethanol plants, four of which should be operating by the end of the year. Annually, the 380 million bushels of corn that will be used to make more than 1...
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  1. These higher rates Co. e about only because physicians are now hospital employees. otherwise physicians couldn't charge these rates and share the windfall with the hospital. Community/rural hospitals probably not buying physicians practices and thus weren't getting the windfall anyway.

  2. The incentive for poor people to get themselves off public assistance and "no longer be poor" is even with help...they're STILL POOR! Being poor, even with some assistance, isn't all that pleasant. (I speak from experience) It's a stubborn myth that poor people, who are on public assistance, are sitting in the lap of luxury. You should try living on just those "freebies" that you mentioned and see how meager they actually are. By the way, I didn't mean you had to buy/own a puppy...just pet one. :)

  3. As near as I can tell the minority has ZERO constitutional obligation to offer a quorum to the majority. A requirement for quorum was inserted into the constitution so that tyrannical majorities could not simply shove through odious and objectionable legislation (which is exactly what they did.) By allowing a tyrannical majority to charge fines against the minority for exercising their constitutional prerogative to deny quorum the court as made a mockery of constitutional governance in the state of Indiana.

  4. The voters elected the Reps to make a vote not walk out on the vote. They had to the right to exercise their opinion and vote "no" to the bill. Let me ask you this if you walked out of your job for 5 straight weeks would you get paid? Would you even have a job to go back to? If any elected official walks out on the people they should be arrested for stealing tax dollars from the public. They were elected to do a job and not leave when the job gets stuff.

  5. I have been to several of their locations in Pennsylvania and always go in for 1 item and leave with a basket full of things. I'm very happy they decided on Indiana, now if only they would put the other store in eastside.

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