News & Analysis

Education reform might not boost Daniels presidential runRestricted Content

April 23, 2011
J.K. Wall
Gov. Mitch Daniels is on the cusp of signing the most comprehensive package of school reforms that any state has yet passed, but political insiders say that might not help him in a potential presidential race because education is typically a dud as a presidential political issue.
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Simon widow unloads pricey NYC condo, looks to sell Bel Air mansion

April 23, 2011
Cory Schouten
Bren Simon lost control over her late husband’s multibillion-dollar estate, but she sold a New York City condo for $48M in March, and is trying to sell a mansion in L.A. for $50M.
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Wealthy local entrepreneurs hew to conservatism

April 23, 2011
Norm Heikens
Flashy displays of wealth seldom erupt in Indianapolis after an entrepreneur makes good, and they’re even more unusual now that the recession sobered even the most successful among them.
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Dorson resigns from chamber post

April 22, 2011
Roland Dorson, president of the Greater Indianapolis Chamber of Commerce since 1996, resigned Friday. He had taken a leave of absence earlier in the month.
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WFYI sets on-air fundraising record

April 22, 2011
Kathleen McLaughlin
Public radio station WFYI will be comfortably ahead of its fundraising goal when an on-air drive wraps up Friday evening.
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Much unknown about new Cook Group CEO

April 22, 2011
Scott Olson
Carl Cook has been tabbed to replace his father, Bill Cook, who died a week ago. But many in the Bloomington business community know little about him, which reflects the company's strict privacy policy.
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Greenwood Shoppes seeks bankruptcy reorganization

April 22, 2011
Scott Olson
The shopping center on U.S. 31 is the third Broadbent-operated strip mall to fall into bankruptcy and its second in Greenwood to claim financial problems.
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Don Marsh takes lumps as he fights on in court

April 22, 2011
Greg Andrews
Don Marsh is so hellbent on winning his legal battle with Marsh Supermarkets Inc. that he’s willing to sully his own reputation if that’s what it takes.
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Indiana House passes bill to cut corporate tax rates

April 21, 2011
Associated Press
Indiana's corporate income tax rate would be cut by nearly 25 percent over the next four years under a plan the Indiana House has approved.
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State House OKs watered-down immigration bill

April 21, 2011
Associated Press
Businesses that hire illegal immigrants could have some state tax credits revoked under a proposal that has cleared the Indiana House.
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Final negotiations on Indiana budget start next week

April 21, 2011
Associated Press
A $28 billion budget proposal that cleared the Indiana Senate on Thursday includes a way to fine boycotting lawmakers — a provision Democrats oppose — and doesn't include an automatic taxpayer refund that the Republican governor wants.
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Bronze sculpture atop monument to be fixed

April 21, 2011
Associated Press
State officials say a bronze sculpture atop the Indianapolis Soldiers and Sailors Monument will be removed for repairs on Saturday.
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CVS to pay $858K over inflated drug claims

April 21, 2011
Associated Press
Indiana Attorney General Greg Zoeller says the state will get $858,000 from CVS Pharmacy Inc. to settle allegations that the company overcharged Medicaid programs.
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Senate OKs plan spurred by White indictment

April 21, 2011
Associated Press
The Indiana Senate has approved a bill that would allow Gov. Mitch Daniel to appoint a new secretary of state if indicted Republican Charlie White is found to be ineligible.
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Economic Club of Indiana getting new manager

April 21, 2011
Francesca Jarosz
The Indiana Chamber of Commerce, which has overseen the Economic Club of Indiana for the last three and a half years, will end its relationship with the group after May's luncheon.
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Closed northwest-side theater set to reopen

April 21, 2011
Scott Olson
A Chicago native and independent theater owner plans to reopen the old AMC Loews College Park 14 movie complex on April 29, under the new moniker of Movie Buff Theatre.
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Insurer coveted by Biglari sold to another firm

April 21, 2011
Scott Olson
Steak n Shake's parent company, Biglari Holdings, twice tried to acquire Fremont Michigan Insuracorp Inc. before the insurer agreed to be sold to Michigan-based Auto Club Insurance Association. Biglari, which owns nearly 10 percent of the insurer's shares, nevertheless was a winner in the sale.
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Enrollment, profit fall at ITT Educational

April 21, 2011
J.K. Wall
The Carmel-based operator of for-profit colleges earned $85.4 million in the three months ended March 31, a 2.4-percent decline from the same quarter a year ago.
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Indiana Senate backs setting daily fines for boycotts

April 20, 2011
Associated Press
Republican frustration over the five-week walkout by Indiana House Democrats re-emerged Wednesday as the state Senate approved a method for $1,000-a-day fines against boycotting legislators.
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Navistar recalling workers at Indianapolis plant

April 20, 2011
Associated Press
Navistar has recalled 120 workers who were laid off when Indianapolis Casting Corp. stopped production at the facility in late 2010 and plans to recall 30 more of those workers by June.
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GOP forges ahead with Indiana redistricting

April 20, 2011
Associated Press
Republicans who now fully control the Legislature and the redistricting process say they've followed their commitment to draw new districts that are compact and avoid splitting up cities and counties.
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One-third in Indianapolis use cellphones only

April 20, 2011
Associated Press
Estimates released Wednesday by the federal Centers for Disease Control and Prevention showed that 33.5 percent of adults in Indianapolis, which encompasses Marion County, use cellphones and lack traditional wired telephones.
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State's top anti-smoking agency could be abolished

April 20, 2011
Scott Olson
Indiana Tobacco Prevention and Cessation, formed in 2001 and funded by money from a settlement with the tobacco industry, may be consolidated into the state Department of Health as a budget-cutting measure.
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Bill would shift tax appeals in property owners' favor

April 20, 2011
Francesca Jarosz
A bill expected to be heard Wednesday in the Indiana House would give property owners appealing the assessed value of their homes or buildings more clout in the fight.
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LEADING QUESTIONS: Indians boss still having a ball

April 20, 2011
Mason King
LQ Schumacher watch videoWhat's the secret to baseball profitability? Why is the offseason so important? Franchise President Max Schumacher fields questions.
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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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