July 24, 2006
Tom MurphyNo layoffs. No seven-figure budget cut to sweat through. IU School of Medicine Dean Dr. Craig Brater had many reasons to raise
a toast this month, when a new fiscal year began and the school left behind an old one marked by the worst budget cuts in
decades. Indeed, Brater said he is breathing a little easier as the school starts fiscal 2006-2007 with a budget of more than
$815 million. An increase in clinical revenue and grant money helped...
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July 17, 2006
Patrick BarkeyThose of us who spend a lot of time in airports get an effective education in the economics of competition by observing-and
paying-the fares charged by airlines. It's really quite simple. Fly a route served by several airlines, especially if one
of them is a low-cost, no-frills carrier such as Southwest, and fares will be reasonably low. But if you are unlucky enough
to fly to or from a smaller city, or even a large one where a single carrier...
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July 17, 2006
Bruce HetrickIn her social work class, my friend Cheri was assigned a paper on hate groups. The professor sent her master's degree students
to the Southern Poverty Law Center's Web site. There, they were to find the map of active hate groups in America, read about
those operating in Indiana and discuss their reactions to what they learned. Cheri was left wondering why so many people are
so afraid of those they perceive as "different," and why "different" so often equates...
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July 17, 2006
Morton MarcusEconomists are not stupid people. They are timid and tend to hide their timidity behind a wall of overbearing self-confidence.
But they are not stupid. In fact, often they are too smart to talk about what they do and do not know. As they wiggle over
the rocks of uncertainty, they appear to others as either sneaky or formless. Let's take interest rates as an example. Economists
like to talk about how, if the Fed raises interest rates, home mortgage...
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July 17, 2006
David LeeIn an environment where we're all being asked to pay a larger share of our own health care costs, it's interesting to see
how little time we spend thinking about major decisions that have an impact on our health. Like selecting a primary care physician
or any medical specialist, for example. According to a recent Managed Care Weekly Digest survey, 67 percent of U.S. adults
ages 18-64 said they spent eight hours or more researching an automobile purchase, yet only...
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July 10, 2006
Ron GiffordI got something in the mail recently. Now, from my friends' overwrought reactions, you'd have thought it was an invitation
to go hunting with Dick Cheney. But no, to my colleagues, this was even more frightening. "This" was my summons for jury duty.
As for me, I thought it was kind of cool. OK, so it's not the prize patrol delivering my earlyretirement check. But the constitutional
romantic in me was moved by the fact that I'd been summoned to...
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July 10, 2006
Amie PeeleA new law that's designed to protect Indiana consumers changes the way businesses interact with their customers living in
Indiana. Public Law 125, passed in the last session of the Indiana General Assembly and effective as of July 1, requires businesses
to notify customers that reside in Indiana if there's been a security breach in which personal data has been stolen. The law
defines "personal information" as a Social Security number that is not encrypted or redacted, or a person's...
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July 10, 2006
Tim AltomAs I write this, two of the biggest titans on the planet have just fought each other to a standstill. In one corner is the
U.S. Department of Justice (DOJ). In the other corner, the search engine company Google. In 2005, the DOJ wanted to revive
the Child Online Protection Act (COPA), which had already been swatted down by the Supreme Court as unconstitutional. The
law didn't address child pornography, as has often been assumed in the case, but only...
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July 10, 2006
Bruce HetrickI was going to play smart aleck this week. I was going to write in hick dialect. I was going to lambaste us Hoosiers over
our stubborn adherence to the status quo, our penchant to take things slow, our preference for partisanship, our pooh-poohing
of progress and our bull-headed gumption to go it alone in a global economy. Then news broke that Indiana has the highest
high school dropout rate in America. So I figured that for two reasons, I'd...
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July 10, 2006
Tom MurphyA touch-screen directory, a grove of potted trees and a muffin-bearing kiosk greet visitors entering the six-story atrium
at the new Clarian North Medical Center in Carmel. A much milder scene awaits people walking into Westview Hospital a few
miles away, on the west side of Indianapolis. There, a lonely player piano spills soft tunes into a one-story lobby filled
with clusters of chairs and pamphlets on volunteering. "Quiet! Healing in Progress" reads a nearby sign. Indiana's lone osteopathic
hospital...
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July 10, 2006
Patrick BarkeyFifty years ago, economist Charles Tiebout expressed a vision of how freeing local governments to pursue their own unique
strategies for setting taxes and providing services could produce an efficient outcome much like the private marketplace.
He called it "voting with your feet." The idea was simple-by moving, people could sort themselves out and live in communities
that came closest to providing the tax and expenditure combinations they valued most. Reality is quite a bit more complicated.
When people move...
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July 3, 2006
Bruce HetrickGod, she's cute: Your little Paula or Patti or Pammy. Sitting there on the swing set, rocking back and forth, back and forth,
her brunette locks blowing in the breeze. You watch her on the merry-go-round, spinning faster and faster. Watch her on the
jungle gym, climbing higher and higher. Watch her and her little friend Annie or Jenny or Missy walking toward the trail into
the woods. And you know you aren't the only one watching. You know he's...
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July 3, 2006
Scott OlsonThe walls of Turae Dabney's office at the Indianapolis Black Chamber of Commerce are covered in easel paper scribbled with
enough notes to make an anal-retentive person dizzy. Though garbled to visitors, the pages hold the key to her vision for
the organization she assumed leadership of as executive director earlier this year. "I do better if I visualize it," she said.
"It looks like a mess, but I know exactly what everything means." The message she is sending to...
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July 3, 2006
Tom MurphyA Franklin psychiatrist has accused the state agency that runs Medicaid of suffocating his practice in a reimbursement dispute
that dates back more than a year. Dr. John Lewis said the weekly Medicaid checks that keep his Harmony Center open dwindled
to nothing for four straight weeks after he filed a lawsuit in April against the state Family and Social Services Administration
over a payment review it imposed. The psychiatrist believes his center may survive only another month, a closing...
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July 3, 2006
Morton MarcusI admit I don't understand the world in which I live. For example, a study in the Journal of the American Academy of Dermatology
reports that 24 percent of Americans age 18 to 50 have one or more tattoos. That rises to 36 percent when we look at just
those 18 to 29. I don't get it. Is this body art, a message to the world, a commitment to oneself or someone else? Tattoos
do fill in all that empty...
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June 26, 2006
I love it. It makes summer even better than it already was. I don't believe, as a friend of mine recently suggested, that
DST is a plot by Republican businessmen to play more golf in the summer. No, it was a sound economic development move, and
I'm glad the Legislature wised up and made it happen. Big picture, it's good for business. Speaking of which, I haven't talked
to a single businessperson who's seriously complaining about the time change. If...
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June 26, 2006
Jean WojtowiczEvery time the Q: Fe d e ra l Reserve raises rates, I expect to pay my bank more for financing. I guess I understand the reason
for this-the government says it wants to guard against inflation-but the Fed's actions still make it hard for the small-business
owner who needs to borrow money. How can I get the lowest possible rates? And what will my bank require of me that they don't
now? Or is there any way around this...
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June 26, 2006
Dave GilreathAs I write this, the stock market has fallen off a ledge and given up, depending on the index, between 7 percent and 12 percent
in a bit over a month. After that kind of fun, you might be ready to throw yourself off a ledge, or at least cash in what's
left of your portfolio. Yes, the last few weeks have been trying, but being an investor in U.S. stocks since the beginning
of this decade has been no...
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June 26, 2006
Tim AltomAccording to the mainstream media, no sooner is your precious data placed on a hard drive than it's promptly vacuumed off
through a hacker's hole and inserted into some miscreant's illicit schemes for world domination. I admit I've advocated for
computer security for years, but that was because most companies' idea of security is to hide the backup CDs in the coffee
creamer box. I never meant to contribute to the panic that seems to have gripped the American population...
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June 26, 2006
Daniel KehrerWe're a start-Q: up and constantly need answers to basic legal questions about business structures, the hiring process, contracts,
wages, safety, trademarks and more, but can't afford expensive lawyers. What are some options? Legal issues often present
a dilem-A:ma for cost-conscious small businesses, especially startups. You want the best information but paying legal professionals
for every little thing gets expensive. The range of legal issues facing entrepreneurs is immense, from naming a business and
obtaining licenses to complying with tax...
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June 26, 2006
Patrick BarkeyAs an economic forecaster, I am almost always optimistic. But that's not a personality trait. It's the nature of the business.
The economy around us is doing amazingly well. We've had much longer economic expansions, steady job and income growth, and
less frequent recessions for more than two decades now. So when you deliver an optimistic forecast these days, you stand a
pretty good chance of being right. But if there's one area where my optimism vanishes, it is this-how...
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June 19, 2006
Tom MurphyConcerns about oxygen tanks and noisy delivery trucks have cropped up since St. Vincent unveiled plans last winter for the
long-term, acute-care hospital on Township Line Road. "They just kind of stomped in and said, 'This is what we're going to
do,'" said Beth King, a resident of Spring Hill Place, a 40-home subdivision on the site's northern border. However, hospital
officials, who are preparing for a ground breaking on the $17 million project this month, say they made several...
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June 19, 2006
Patrick BarkeyAmericans like to keep score on things. And in the realm of economics, there are plenty of things to keep score on. But the
economy is a huge, often unwieldy beast, and the data we use to track it are often quite a bit fuzzier than the rows of hardlooking
numbers in the graphs and statistical reports we digest would make it seem. In fact, as the old joke goes, we economists like
to present growth rates out to two...
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June 19, 2006
Susan RaccoliAfter surviving a rough first year, company shows signs of progress Sleepless nights, upset stomachs and paranoia were common
woes for the owners of Quality Roofing Services throughout their first year in business. "We worried about finances and thunderstorms,"
said co-owner Paul Crafton, 50, recalling the professional and personal strain. "We wondered if we would make our payroll
or go under and lose our investment." But they persevered, starting their days early-often at 5:30 a.m.-and working late.
Eventually, their efforts...
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June 12, 2006
Bruce HetrickFor the fifth year, some colleagues and I have penned comedy for a cause. The Indiana Repertory Theatre, which usually chooses
its playwrights more carefully, erred again by soliciting our scriptwriting "talent" for its faux-radioshow fund-raiser. So
on June 3, a cast of Indianapolis celebrities-from the media, not-for-profits, government and business-donned makeshift 17th-century
garb, mounted the Indiana Roof Ballroom stage, and hammed up "Shakespeared: A Midsummer Night's Scheme." Our tall tale featured
two kings-Mitchard and Bartholomie-trying to outdo each other...
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It's also across the street from Fogo de Chao and Morton's....
Yep, the haters are trying to make good news bad. I guess it is hard to get people to believe the series is dying when they are gaining new sponsors.
David Copperfield! I remember watching his specials on TV when I was little.
Don't forget this is next to an MMA gym, a pawn shop, and some abandoned spaces.
Good project for Zionsville - A group who has owned the property for many years has waited and worked patiently to bring highest and best use development to a major corridor, and mix that in with the great downtown you have. Win Win. All the Best to Pittman Partners and Zionsville.