September 29, 2008
Jacqueline A.This month, I am making my 50th trip to China. My first trip was in 1995 to identify a possible Chinese partner for a manufacturing
joint venture in Nantong. When the potential partner honored me by serving a coiled snake as one of the main dishes, I thought,
"What am I doing here?" But that's what change is all about-delving into the unfamiliar. Four years later, we had found a
trusted partner, signed a joint venture agreement, located the proper...
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September 29, 2008
Chris O\'malleyFormer insiders of One Call Communications appear to be targets of a Justice Department criminal inquiry, according to
a filing by the defunct company's court-appointed receiver. Pittsburgh-based Meridian Group said it was
served a subpoena Sept. 19 from the U.S. Attorney for the Western District of Pennsylvania to testify before
a grand jury on Oct. 21 on matters involving One Call.
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September 29, 2008
Chris O\'malleyA baby born of Indiana telecom reform is having some teething pains. AT&T's U-verse, Ma Bell's high-tech answer to
cable television's troika of video/voice/Internet service, has generated several consumer complaints to
state regulators since it was rolled out here in earnest last year. The complaints range from long installation
times to frozen television pictures that require rebooting the system or calling a technician.
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September 15, 2008
Morton MarcusI enjoy the propaganda of government agencies pleading the causes of special interests. This is the opening sentence of our
state profile prepared by the U.S. Small Business Administration's Office of Advocacy: "Small businesses are the heart of
Indiana's economy." Frequently, we hear that farming is the beating heart of our economy. Others claim the thumping sound
we hear is that of manufacturing. Teachers tell us the economy is only as steady as its educational footing. Steel has a claim...
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September 15, 2008
Peter SchnitzlerA fast-growing Carmel startup is using a blend of innovative software and human guides to answer questions over the phone.
The company could have located on either coast, but instead chose Carmel's Clay Terrace. And the company, Interactions Corp.,
has raised more than twice as much money as ChaCha Search Inc., a higher-profile startup in a similar business that's also
housed in Clay Terrace.
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September 15, 2008
Anthony SchoettleA local candy maker has found the sweet spot in an industry where startup efforts often go sour. Founded in 2006, Carmel-based
Candy Dynamics is making a name for itself with its unusual "double-action" sour recipe, eye-catching packaging
and unforgettable names like Toxic Waste Hazardously Sour Candy, Nuclear Sludge and Hi-Voltage Bubble Gum.
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September 15, 2008
J.K. WallLilly Endowment Inc. is still on its journey to sell off $2 billion of its Eli Lilly and Co. shares. But after a slow start
and a few stops for rest, it may take a little longer to get there than originally thought. The endowment, the single largest
holder of Lilly stock, announced its plan to diversify its holdings back in July 2006. For nearly 70 years, the not-for-profit
held its wealth almost exclusively in the pharmaceutical company's stock. So...
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September 1, 2008
Peter SchnitzlerCarmel-based ChaCha Search Inc. has been winning accolades and enough teen fans to rival Hannah Montana. But none of that
makes it apparent how the company can make money giving free answers to random cell phone queries.
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September 1, 2008
Joseph HornettWe've all heard it: Our economy is creeping to a crawl. Skyhigh oil prices, a weak housing market and the struggling U.S.
dollar are discouraging consumers and business owners alike. Fears about our nation's fiscal health are shaking broader confidence
in the banking industry, the system of global trade, and even our public image abroad. In the face of such adversity, it's
helpful to remember that Americans have faced daunting challenges in the past. In tougher times, such as the...
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September 1, 2008
Mark MilesIn mid-September, I'll be traveling to China's Liaoning province as part of a delegation led by Indiana State University,
hosted by Liaoning University. We'll arrive in the country too late for the Olympics, but we'll be there to talk about another
form of global competition-economic development. It's appropriate that the two universities are co-hosting a conference on
economic development issues, given the importance of human capital in our economy. It's especially appropriate for China,
where higher education has become a...
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August 18, 2008
Jon FordThe recent episode involving former IU basketball coach Kelvin Sampson underscores how badly broken is our system of recruiting
and qualifying top leaders. Reference checks by highly paid professional recruiters failed to turn up the true nature of this
leader. Yes, we all were aware of his lack of character at the University of Oklahoma, but were there signs of this lack of
character in his past at Montana Tech or Washington State University? One would hope the recruiters went...
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August 18, 2008
Jon FordThe recent episode involving former IU basketball coach Kelvin Sampson underscores how badly broken is our system of recruiting
and qualifying top leaders. Reference checks by highly paid professional recruiters failed to turn up the true nature of this
leader. Yes, we all were aware of his lack of character at the University of Oklahoma, but were there signs of this lack of
character in his past at Montana Tech or Washington State University? One would hope the recruiters went...
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August 4, 2008
Peter SchnitzlerMedical-device maker Suros Surgical Systems was one of the fastest-growing companies in Indianapolis history. Just six years
after forming it in 2000, founders sold it for $248 million. Is it any wonder they want to work together again? In late July,
former Suros Chairman Jim Baumgardt and former Vice President of Sales Jeff Hanthorn joined locally based NICO Corp., the
startup launched early this year by former Suros CEO Jim Pearson and Joseph Mark, one of Suros' founders. The mission...
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July 28, 2008
Peter SchnitzlerFederal regulators specializing in chronic-disease prevention are attempting to investigate a west-side food additives manufacturing
plant. But Sensient Flavors is fighting in federal court in Indianapolis to prevent their inspection. On July 14, Sensient
sued the National Institute for Occupational Safety and Health, part of the Atlanta-based Centers for Disease Control and
Prevention. Sensient Flavors is an Indianapolisbased subsidiary of Sensient Technologies Corp., a publicly traded Milwaukee
firm that makes artificial colors, flavors and fragrances used in a variety of...
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July 14, 2008
Morton MarcusShould the next U.S. president be concerned about uneven job growth? Or should he just let the market determine which states
prosper and which struggle? There is no explicit national job policy to bring employment to slow-growing areas. Neither Sen.
Barack Obama nor Sen. John McCain has ventured to discuss the issue. Job growth is left to the states, with each competing
against the others in an expensive battle of subsidies. From 2002 to 2007, the number of U.S. jobs...
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July 7, 2008
Jennifer WhitsonIn late May, Darrell Bowman launched Lounge Hats LLC, an Indianapolis-based company that makes fabric covers that fit over
beach or pool-side chaise lounges to make one thing clear: This seat is taken. Bowman withdrew $20,000 from personal savings
and added another $50,000 from an investor, his friend Mike Oswalt, to start the company. He runs Lounge Hats out of his garage,
hiring a Chinese company to sew the hats and contracting with a local printer to finish them off.
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June 30, 2008
Scott OlsonOutside of Indiana, the local law firm of Bose McKinney & Evans LLP has a nominal presence in Washington, D.C., and Raleigh,
N.C. Yet, the midsize practice with roughly 130 lawyers in Indianapolis is handling an immigration issue for a fellow firm
in India and is encouraged about prospects in Argentina, Colombia and Puerto Rico. Global gigs typically are reserved for
larger rivals with an international scope. But scores of firms that want to expand their reach, without the risk...
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June 16, 2008
Scott OlsonTen years ago, Bob McAfee bought SaniServ, an 80-year-old Mooresville institution that pioneered the making of softserve ice
cream machines for restaurants. Despite the manufacturer's longevity, a handful of competitors-one of them much larger and
two roughly the same size-had cut into market share, causing SaniServ's annual revenue to stall at about $10 million. Determined
to improve upon the figure, but unsure how to go about it, McAfee turned to the Butler Business Accelerator. The 2-year-old
consultancy on the Butler...
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June 16, 2008
Cory SchoutenLocally based Powerway Inc. is scrambling to shrink its work force and remake its business plan after the firm's most lucrative
customer--the ailing automaker Chrysler LLC--said it will no longer use Powerway software or mandate its use among the company's
hundreds of suppliers. Powerway laid off 14 employees and slashed salaries for many who remain after it learned of Chrysler's
plans on June 6.
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June 16, 2008
Dave BerryWhile many manufacturing companies are implementing Six Sigma for continuous process improvement, it may not be the most practical
solution for every company. Smaller manufacturers can benefit from applying many of the tools found in the Six Sigma methodology,
but on a more manageable scale for daily process improvement. While far from a complete list, the following six practical
tools may be used by smaller companies who are motivated to continually streamline production and improve productivity: Key
performance indicators Most...
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June 16, 2008
Anthony SchoettleIn 2000, gasoline cost 99 cents a gallon, you could barely give recyclable plastic away and the idea of manufacturers "going
green" was a pioneering thought. Allegiant Global started that same year as Heritage Interactive Services, with one client
and little market awareness of what industrial recycling and reuse initiatives meant. Heritage Interactive was started by
principals of locally based Heritage Environmental Services, which was-and still is-involved in more traditional waste-disposal
services. When one of Heritage Environmental's clients, Michigan-based Lear...
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June 16, 2008
Scott OlsonAn advocacy group formed a year ago to boost the visibility and growth of the state's advanced manufacturing and logistics
industries has received a major lift from Purdue University. Conexus Indiana and Purdue earlier this month announced the formation
of a partnership in which the university will lend its academic and research talents to the organization. The key goals include
linking manufacturers with new suppliers, exploring emerging markets and supporting startups launched from university or privatesector
research. "Conexus is very...
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June 9, 2008
Tracy DonhardtState and local leaders are turning up the amp on the importance of higher education, but they're also trying to tune students
into the message that being college-educated doesn't have to mean spending four years at a university. In recent weeks, both
Indianapolis Mayor Greg Ballard and Indiana Gov. Mitch Daniels have loudly proclaimed the state's need for more workers with
twoyear degrees. While government officials have long said the state needs a more educated work force to attract business,...
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June 9, 2008
Scott OlsonA new Web site developed locally and designed to attract youngsters to careers in the life sciences sector now shares something
in common with the wildly popular Club Penguin site. The Indianapolis Private Industry Council, with assistance from locally
based Creative Street Media Group, created BioWorksU.com. And while more educational and likely more appealing to a larger
age group than Club Penguin, the two were among recent Webby Awards finalists. Called the "Oscars of the Internet" by The
New York...
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June 2, 2008
Jon FordPlease, Chairman, forgive me, for I have sinned and I herewith repent. Please Chairman Bernanke, hear my prayers. Please give
me only one more housing bubble and I will forever honor you with the restraint you desire. I have succumbed to the seven
deadly sins of investing and I herewith vow never again to do so, so long as you let interest rates continue to fall. I have
been weak in seven ways: Hubris. Yes, it is true. I believed...
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Doug Henning!
These guy were thugs — they grew up in freaking Haughville! Smh, sigh. If the mayor needs/wants "quality" Black Hoosiers who are NOT corrupt, give me a call — I know plenty. Land bank info here - http://www.kubepharm.com/indylandbank/IndyLandBank.html
Magician and illusionist!
The basic idea of nice apartments with parking and retail is a good one, but this design seems overwhelmingly big/tall for Broad Ripple. The size could be disguised a bit with lots of big trees/landscaping, but the complex is too massive to blend in easily. That section of canal between College and Westfield will also need to be upgraded on both sides. Nice apartments facing onto a nice promenade with shade trees/plantings could bring together the canal towpath/Monon recreation, the outdoor seating at existing restaurants, and this project into something that upgrades the whole area. A plan for the whole stretch makes more sense than facing nice new housing onto what looks like a ditch. Is there a plan? Does the public have input? Who pays? The apartment idea seems to be reasonable, but Whole Foods is not a good idea for appropriate retail. Besides the store being physically too big, there are already Fresh Market at 54xCollege and Whole Foods in Nora for fancy groceries. Good Earth and Kroger are within walking distance of the Shell site. There are at least 7 grocery stores within a safe bike ride. Whole Foods would add nothing but traffic congestion. This design is on the right track, but there needs to be more work done to ensure that it blends in with and enhances the existing community. A project that large will set a tone for that whole part of town. It could be a real asset, but only if done right.