In-Depth Report
Warnings about broker's tactics went unheeded
December 17, 2011
Cory SchoutenSeveral state employees openly questioned how John Bales' real estate brokerage did business long before the FBI launched
an investigation that led to his indictment.
MorePro athletes' charities often have limited life spans
July 23, 2011
Kathleen McLaughlinWealth and fame often lead professional athletes to share their success in the charitable arena, but those efforts rarely
last much longer than their careers as the organizations struggle to survive in an already-crowded philanthropic field.
MoreCritics: City's effort to help ex-offenders ineffective
June 11, 2011
Francesca JaroszThree years after Indianapolis Mayor Greg Ballard launched a city office designed to help ex-offenders avoid a repeat prison
visit, some of those original supporters say the city’s Office of Re-Entry Initiatives not only has fallen short of
that goal but has accomplished little else.
MoreCEOs see stock windfall after market crash
May 28, 2011
J.K. WallExecutives at Indiana’s public companies got rich in the down-and-up market, even when investors didn't. CNO Financial's
Jim Prieur, for example, received stock grants now worth $4.4M, despite share prices that are 40 percent lower than three
years ago. With searchable database.
MoreReform law gives charters leeway to hire unlicensed teachers
May 7, 2011
Francesca JaroszLegislation that expands charter schools in Indiana also could increase the number of teachers at those schools without licenses,
making it easier for educators like Eric Nentrup to take non-traditional paths to the classroom.
MoreNew laws hang teacher pay on performance
May 7, 2011
J.K. WallCharters and vouchers may have sparked the loudest education-related protests before the Legislature this year, but changes
to teacher evaluations are likely to have the biggest impact on Indiana’s public schools.
MoreControversy brews over judging charter performance
April 2, 2011
J.K. WallThere is little agreement—but lots of politics and complex statistics—on how to define success and failure in
Indiana’s public schools.
MoreSPECIAL REPORT: Indiana companies charge into China
March 26, 2011
Greg AndrewsWith economic growth in the United States sluggish, Indiana companies are joining the race to capitalize on the fast-growing
Chinese economy—even as hundreds of millions of Chinese move into the middle class and adopt a Western-style thirst
for goods and services.
MorePartisan divide could threaten long-term education reform
February 26, 2011
Francesca JaroszIndiana’s Republican-controlled Legislature will likely pass the bulk of education-reform measures being pushed this
year by party heavyweights, but partisan rancor could threaten the long-term prospects for a sweeping overhaul of the state’s
public schools.
MoreDual roles give Bess unusual view into schools
February 26, 2011
J.K. Wall
As a Danville school board member and superintendent of Indianapolis
Metropolitan High, Scott Bess is straddling the increasingly contentious chasm between traditional public schools and privately
operated charters.
Charter school's nimble approach could become the norm
January 29, 2011
Francesca Jarosz, J.K. WallIndianapolis Metropolitan High School implemented a school-wide overhaul in its educational approach in only three months.
The charter school might be the face of the future for all Indiana public schools.
MoreCity vendor may get $1.2B from parking-privatization deal
August 28, 2010
Cory SchoutenThe pitch from Mayor Greg Ballard’s administration to privatize the city's parking meters is compelling, but the proposal
to sell the meters to Dallas-based Affiliated Computer Services Inc. has the city giving up more in the long run than is immediately
apparent.
MoreBond swaps cost city units $93M in penalties
July 3, 2010
Cory SchoutenWall Street bankers for decades sold municipalities like Indianapolis on debt instruments called swaps as a safe way to reduce
borrowing costs and hedge against rising interest rates. In reality, the swaps were complicated bets that relied
on misguided assumptions, and taxpayers paid.
MoreSoft Landing: Pay slipped for most execs in 2009, but cuts weren't deep
May 22, 2010
Peter SchnitzlerTop executives at Indiana's public companies have largely been insulated from the economic crash. IBJ's
review of executive pay found that, although 131 of the 238 executives listed in proxy statements the past two years saw annual
compensation fall in 2009, only 10 experienced cuts of more than $1 million.
MoreSPECIAL REPORT: Brizzi ordered lenient deal for business partner's client
April 3, 2010
Cory SchoutenMarion County Prosecutor Carl Brizzi last year intervened in a major drug case to offer a reduced sentence over objections
from both law enforcement officers and his own deputy prosecutors.
MoreBrizzi's lease deals benefited friend, donor
March 13, 2010
Cory SchoutenRecords show Marion County Prosecutor Carl Brizzi directed lucrative work for the Prosecutor's Office to his friend, business
partner and political contributor John Bales.
MoreRelated-party loans pile up at Durham-owned finance firm
October 24, 2009
Greg AndrewsIndianapolis businessman Tim Durham has treated Ohio-based Fair Finance Co. almost like a personal bank since buying it seven
years ago, and now he, his partners and related firms owe it more than $168 million, records show.
MoreHalf of state's public-company CEOs saw pay rise in 2008
June 22, 2009
Peter SchnitzlerFor 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.
MoreGrad students dream up plans for mass transit
April 27, 2009
Chris O'MalleyArchitecture and urban design students from Ball State have created a vision for urban renewal that is arguably more compelling
than the Central Indiana Regional
Transit Authority's principal, utilitarian goal of reducing northeast-side highway congestion and air pollution by running
a diesel commuter train atop the old Nickel Plate Railroad corridor.
MoreSimon family's interests helped city thrive, but taxpayers paid the price
April 20, 2009
Cory SchoutenThe Simon family's role in building the city has come at a steep price for taxpayers. Simon and
its business interests in the last 20 years have collected local government incentives
worth more than $400 million, an IBJ tally of those deals shows.
MoreHospitals suffer from spiking bond interest rates, investment losses
November 3, 2008
J.K. WallIndianapolis-area hospitals have suffered a double whammy of spiking interest rates on their bonds and heavy losses in their
investment portfolios and are trying to save cash any way they can.
MoreIndianapolis shows up peer cities in attracting the young and educated
September 8, 2008
J.K. WallCities must woo people while they’re young—in their 20s or early 30s—because after that age, people tend
to hunker down. The Indianapolis area apparently appeals to at least two key groups of young people—particularly those
already married, according to a new study by researchers at IUPUI.
MoreSPECIAL REPORT: Charter Homes draws scrutiny for odd sales claims, multiple liens
August 25, 2008
Cory SchoutenCharter Homes owner Jerry Jaquess fancies himself a white knight for King Park, a neighborhood once known mainly for its rampant
crime, boarded-up homes and vacant lots. But as he’s constructed a slew of homes and carriage houses there, the local
builder has stirred up several lawsuits, dozens of liens and persistent questions about whether his business is legit.
MoreIUPUI faces tough decisions over aging sports facilities
August 18, 2008
Anthony SchoettleIUPUI is grappling with how to pay for upkeep and improvements necessary to keep its three world-class athletic facilities—and
the city—in the hunt for high-profile sporting events.
MoreAt most Indiana public firms, CEO pay hasn't fallen with stock
June 23, 2008
Peter SchnitzlerMost public companies say they tie executive compensation to performance, but an IBJ review of pay data from 65 Indiana-based
firms shows otherwise. Last year, more than two-thirds of Indiana-based public companies saw their share prices decline, yet
many continued to award eye-popping compensation to their executives.
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Members must realize if you stop paying your dues you will lose. Why else would your employer honor the rtw bill. Before you take this step think about what you may be giving up in the long run. Very little of your dues money goes to any dem candidate. YOu will never know how much your republican employer gives his party with money he could be paying the employee. Who will step up and demand better wages or benefits if you have no representation. Union is the way for a better life. Our carpenter union offers a 4 year apprenticeship and 2 year degree from Ivy Tech all paid for with union dues . This is a great opportunity for kids who cant afford schooling after high school. The same opportunity is there for any person,any age, either sex to provide a better living for their family. Pension, anuity, health insurance all for your dues. How is this a bad choice.
The FDIC is funded by assessments paid by banks, not taxpayers. That is not to say that bank customers don't ultimately pay the cost because, in the end, banks don't survive if they don't make profits.
SCB Bank's failure is expected to cost the government $33.9 million,dont you mean middle class another bailout our government has no money
Diogenes, the company did not call "pro-life" statements inflammatory. The IBJ article used the words "pro life."
All, the company did, is what it should do which is apologize profusely for offending people with a program that offered statements that support an infamous apartheid proponent, Dr. Verwoerd, suggest that sometimes rape is justified, and quote Biblical text to people, not looking for it.
If this is what you think is "insanity" then more companies need to behave insanely.
I totally disagree with $45mil being given to the state Attorney General's office. That money is a waste. All of the money should go to help the homeowners & the people who were foreclosed on. Why such a big percentage to state govt? They'll get to start another agency staffed with people who have new-found power & don't care about the people they serve. As soon as the program was announced, I knew the states would end up with a huge chunk of the money for themselves that would just be squandered. Or maybe Mitch Daniels will just happen to "find" another big chunk of money that was "posted in the wrong section of the state's books."