October 17, 2005
Now that President Bush has named both his candidates for Supreme Court vacancies and one has been confirmed, we can expect
news soon of an appointment that is more important to businesspeople and markets. That would be the replacement for Alan Greenspan,
chairman of the Federal Reserve Board, who retires Jan. 31. Greenspan has been in his seat 18 years and has presided over
a period of strong economic growth, low inflation and interest rates, and a tremendous stock market....
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October 10, 2005
Greg AndrewsEmmis Communications Corp. CEO Jeff Smulyan ended up black and blue the last time he owned a baseball team. This time around,
he's taking blows even before he finds out whether he gets the team. Smulyan wants both Emmis shareholders and residents of
the Washington, D.C., region to be excited about his group's bid to buy the Washington Nationals from Major League Baseball
for at least $450 million. But already leading an anti-Smulyan charge is Washington Post columnist Thomas Boswell,...
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October 10, 2005
Anthony SchoettleDespite a wall lined with Emmy Awards and a client list including ESPN and VH1, Pathway Productions founder Michael Husain
is as eager to talk about corporate work and Web site development as his firm's latest Peyton Manning documentary or his work
showcased in this year's Heartland Film Festival. "The new media side of our business, and that includes Web site development,
grew 100 percent in each of the last two years," Husain said. "So you can see why we're...
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October 10, 2005
Katie MaurerBif Ward has racked up some impressive numbers during her 26 years in residential real estate, and many think that's because
she caters exclusively to A-list clientele with pricey properties to buy and sell. But Ward is smart enough to know that brokering
only for corporate bigwigs and local celebrities would get her nowhere fast, especially in a town where the average home price
is just over $162,000. "All these expensive listings-if that's all I did, I'd be broke," said...
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October 10, 2005
Patrick BarkeyDid your company miss its earnings targets last period? Or did your household spend a little too much on your last vacation?
Or maybe you've just added a few extra pounds on your waistline recently. Then you should do what just about everyone else
is doing-blame it on Katrina. It seems as if every disappointing result in the economy is being blamed on the big storms that
have rolled in from the Gulf of Mexico in the last six weeks....
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October 10, 2005
Anthony SchoettleAlmost a year removed from the infamous brawl in Detroit, the Indiana Pacers are ready to put their best foot forward. And
they're getting a hand-or more like a foot in the backside-from NBA Commissioner David Stern. Stern on Sept. 28 handed down
new league dress code and conduct rules aimed at brightening the image of players and making them more accessible to fans,
community groups and media outlets. The rules-which require players to wear sport coats, collared shirts and...
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October 10, 2005
Last month my wife, Jean, and I had the pleasure of joining another Indiana University Alumni Travelers voyage superbly planned
by Alumni Travel Director Joan Curts and Gohagen Travel. In company with an agreeable and stimulating group of IU and Boston
University alumni, we visited the Cotswolds in England, near where we had lived 27 years earlier when on sabbatical leave
at Oxford. Tourism seems alive and well in the United Kingdom, but there is concern that current tourist volume...
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October 10, 2005
Scott OlsonMembers of Herron-Morton Place Foundation Inc. are ecstatic that city planners chose their proposal to rehabilitate three
vacant buildings as part of a larger redevelopment of the former Herron School of Art campus. The dilapidated structures,
known as the Foundry buildings, are a block east of the campus. Under the foundation's plan, they will be transformed into
retail shops and should benefit from the foot traffic generated by the revitalization of the Herron property on 16th Street.
But now comes...
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October 3, 2005
Public health priorities, executive salaries and the "gold rush" of health care construction were among the topics tackled
Sept. 21 in the latest installment of Indianapolis Business Journal's Power Breakfast Series. IBJ reporter Tom Murphy moderated
the panel discussion, attended by some of the area's foremost health care experts. Following is an edited transcript of the
often-spirited discussion, which included a brief interruption by protestors seeking medical insurance coverage for janitorial
staff who clean Anthem Inc. buildings. IBJ: Can you...
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October 3, 2005
Scott OlsonBlack people are nearly twice as likely to have diabetes than white people, less likely to engage in leisure activity and,
on average, die five years earlier. Those statistics from the Centers for Disease Control provide motivation for a local consortium
that wants to improve health care for minorities. Known as the CEO Health Disparities Roundtable, the year-old group has moved
from setting objectives to developing a plan of action. The plan is aimed at reducing health care disparities among...
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September 26, 2005
Scott OlsonBut her connection to the grocery runs deeper. Her mother, Debbie Davis, was an Atlas institution, earning her "sticker lady"
nickname from children who received the treats she kept in a toy treasure chest at her register. Debbie died in June 2004
at age 52, following a prolonged battle with breast cancer. In her memory, husband Mike Davis created the "Debbie's Make You
Smile Fund" to benefit the Indiana University Cancer Center. It is supported by the sale of the...
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September 26, 2005
David M.Retirement planning means far more than simply accumulating a nest egg for the years when you're no longer working. It involves
developing a long-term investment strategy that helps you meet this critical goal without losing sight of your more immediate
financial concerns, such as paying your mort gage or sending a child to college. Where will nest egg come from? Many retirement
planning experts agree that you will need about 75 percent of your pre-retirement income to maintain your current...
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September 26, 2005
Scott OlsonAre you prepared for Despite warnings, many businesses fail to plan for the worst Frank Hancock didn't have a disasterrecovery
plan when a tornado tore past his east-side printing company two years ago, causing $5 million in damage. Severe wind gusts
from the Sept. 20, 2003, storm shredded Sport Graphics Inc.'s 5-month-old warehouse and manufacturing facility and tore 13
1,800-pound air-conditioning units from the roof, dumping them on the parking lot below. One was never recovered. Amid the
mayhem that...
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September 26, 2005
Tom MurphyThe network has launched a growth spurt that will take it into new markets, boost technology and strengthen Riley Hospital
for Children all over the next few years. This construction also will pile on to the cost of health care, according to several
researchers and health care experts. How that trickles down to the average patient bill, or if it does, remains to be seen.
Consultant Edmund Abel has to think back more than 20 years to recall a capital...
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September 26, 2005
Eric ManterfieldThe recent news from New Orleans and Mississippi points out the need for family businesses to have disasterrecovery plans.
Fortunately, we have little in Indiana to worry about from hurricanes, but other disasters are not uncommon. Consider the
possi ble catastrophes that might strike your business. What have you done to protect the business against the consequences?
Business-continuation and other insurance can mitigate the consequences of a wholesale destruction of your business facilities
after a tornado or other natural disaster....
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September 26, 2005
Scott OlsonConsumers who have been contemplating bankruptcy are now flocking to file before more stringent regulations take effect Oct.
17. Federal lawmakers passed a bankruptcy reform measure in March to make it harder for people to wipe away unsecured debt
while keeping some protected assets. The aim is to curb perceived abuses of the system by shepherding more filers through
Chapter 13-instead of Chapter 7-which requires consumers to at least repay some debt. Indiana already has a high bankruptcy
rate. The...
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September 26, 2005
Ed CallahanCharitable giving often is a spur-of-themoment thing, particularly if it's a response to a disaster. Still, charitable groups,
relief agencies and financial advisers say a little thought before making a donation is a good idea. Giant disasters such
as Hurricane Katrina jolt many people into trying to help, often with no particular idea beyond simply doing something. However,
some types of help are more helpful than others. Properly following the rules of charitable giving can provide a tax benefit.
It...
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September 26, 2005
Chris O\'malleyMulticast Networks Group LLC plans to launch the network in 2006, said industry veteran Michael Ruggiero, who heads the 22-year-old
ALL TV Services communications consulting firm. "We know the industry needs more content. Broadcast groups we've talked with
are very excited about the concept," said Ruggiero, chairman of Multicast. Ruggiero also is vice president of distribution
for The Tube Music Network, developed by MTV co-founder Les Garland. Ruggiero recently helped broker a deal to run The Tube
on digital channels...
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September 19, 2005
Bill BennerMy alma mater, Indiana University, has taken its share of licks in recent times. In fact, I've used this space to throw some
of the punches. But its recent decision-coinciding with the start of football season-to try to oust the party animals from
the jungle just south of Memorial Stadium on game days was prudent, correct and too long in coming. This, folks, has been
a human and legal calamity waiting to happen. The "jungle" is a park-like area across...
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September 19, 2005
Anthony SchoettleWVUE-TV Channel 8 in New Orleans has no transmitter, no offices, little functional equipment and a skeleton staff. The station
owned by Indianapolis-based Emmis Communications Corp. also has no paying advertisers and a depleted audience, thanks to Hurricane
Katrina. The devastation wrought by one of the nation's worst natural disasters puts plans to sell the station on hold as
WVUE officials survey the millions of dollars in damage to their facilities and equipment and fight to get back on the...
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September 19, 2005
Andrea MuirraguiIt's never easy for United Way of Central Indiana-raising money seldom is. But this year, organizers went into the annual
fund-raising drive with an additional challenge: replacing $1.5 million in one-time donations that helped get the 2004 campaign
to its $36.6 million goal. Their task is complicated by the fact that this year's effort started just as the philanthropic
response to Hurricane Katrina kicked into high gear. Americans have given nearly $1 billion to disaster relief already, and
the impact...
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September 19, 2005
Greg AndrewsRuth Lilly garnered headlines around the globe in 2002 after an Indianapolis judge approved a new estate plan for the heiress
that earmarked an estimated $185 million for two tiny arts organizations, the Chicago-based Poetry Foundation and Washington,
D.C.-based Americans for the Arts. Now, in a newly public deposition, Lilly's personal attorney, Tom Ewbank, charges his client
was opposed to the large bequests and instead had wanted to funnel more of her billion-dollar estate into her own foundation,
for the...
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September 19, 2005
Tammy LieberWhen the workers at DaimlerChrysler Corp.'s Indianapolis Foundry clock out for the last time at the end of the month, they'll
leave behind 756,000 square feet of factory space, tons of equipment, and more than 52 acres of industrial land on the city's
west side. Rather than becoming a rusting industrial relic along Interstate 70, however, the buildings will be razed and real
estate experts expect the land will soon find a new use, albeit likely not for a factory....
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September 12, 2005
Tracy DonhardtreporterBut an unusual component of the soon-to-be-released request for proposals by Indianapolis Public Schools, the property's owner,
has many wondering if anyone has what it will take to win the coveted piece of real estate. What it'll take is the offering
of a replacement facility where IPS can move its central transportation facility and other school district operations. "That's
the general concept," said SteveYoung, chief of facilities management for IPS. "We're not looking to sell it. We would have
to...
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September 12, 2005
Patrick BarkeyYou may not know this, but every banker and policymaker does. If every one of us got out of bed tomorrow morning, drove to
our banks or financial institutions, and tried to withdraw our money, the system that seems so solid today would suffer a
complete collapse. The same thing would happen to the electrical grid if every device that could draw power were switched
on at once. In fact, if every one of us decided today to fill up...
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See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.
Pimlico
While I understand the severity of their actions as well as everyones eagerness to hold them responsible for thier lost funds, these gentlemen did know how to make money. Dispite thier poor decisions over the ownership of Fair they had made several wise investments which paid them greatly. This proves they do have the potential to rebuild so they can repay. I do not feel they should live the life of luxuary but given an opportunity could they find ways of repaying the debts? They are doing nothing now but being a burden on tax payers. Just a thought!!!!!
You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.