News & Analysis

Presidential hopefuls Daniels, Pence reflect two sides of GOP

October 18, 2010
Mary Dieter
If Gov. Mitch Daniels and U.S. Rep. Mike Pence become presidential candidates, through them Indiana will represent something of a microcosm of the national Republican Party and its philosophical wings.
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Fair Finance artwork fetches more than $400,000 at auction

October 17, 2010
Jim Mackinnon / Akron Beacon Journal
Saturday's art auction of work collected by Fair Finance co-owner Timothy Durham raised more than $400,000 — well above what the Akron company's bankruptcy trustee and even the auctioneer thought would be brought in.
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Zionsville galleries watching Carmel arts district

October 16, 2010
Kathleen McLaughlin
Zionsville gallery owners are stepping up their collective marketing efforts as Carmel’s Arts and Design District has landed a new wave of artists and gallery owners over the past five months.
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Indiana Live swamped by debt, faces potential default

October 16, 2010
Francesca Jarosz
Owners of the Indiana Live racetrack and casino face an interest payment on the lion’s share of their $544 million in debt next month, as credit analysts continue fretting about the company’s ability to pay its bills.
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Glicks changing charitable approach

October 16, 2010
Kathleen McLaughlin
After pledging $62 million for a series of high-profile capital projects in and around Indianapolis, Eugene and Marilyn Glick’s charitable foundations are changing directions, making programs and services their top priority.
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Hentschel ramrodding KeyBank development in IndianapolisRestricted Content

October 16, 2010
Scott Olson
Exec adds branches, deposits, after completing a stint at a human-resources firm.
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Banks tread water as they wait for economy to improve

October 16, 2010
Francesca Jarosz
Banking experts say the health of Indiana institutions is taking baby steps forward along with the tepid economic recovery. But in these times, recovery looks grimmer than one might expect.
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Suburban hotels take a beating as downtown recovers

October 16, 2010
Anthony Schoettle
As revenue per room falls, some hotels outside the center city are going on the auction block.
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Court revisits IURC ruling after agency lawyer jumps to utilityRestricted Content

October 16, 2010
Chris O'Malley
A Duke Energy case handled by an Indiana Utility Regulatory Commission lawyer—while he jockeyed for a job with the utility—is headed to the Indiana Court of Appeals.
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Audio recording history on display in dealer's HQ

October 16, 2010
Sam Brattain
Van Ausdall & Farrar got its start when innovator Thomas Edison selected it as an Ediphone distributor. Since then, the company has been proud of its association with the American icon, and now Van Ausdall has its own in-house Voice Museum to pay homage to its history.
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Indiana Pacers launch combine to scout for top salespeopleRestricted Content

October 16, 2010
Anthony Schoettle
Representatives of at least 17 professional sports franchises will be here looking for talent to add to their business teams.
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Entrepreneurs give sales pitches high-tech twist

October 16, 2010
Francesca Jarosz
The site allows users to create and save sales proposals online. Those sending the proposals then can track who is viewing the documents, which parts they’re examining and for how long.
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Daniels hoping GOP victory will pave way for education reformRestricted Content

October 16, 2010
J.K. Wall
Gov. Mitch Daniels and public schools chief Tony Bennett have major legislative changes they want to make to implement their education reform ideas—but to do it they need their Republican Party to regain control of the Indiana House of Representatives.
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State files more complaints against vanity publisher

October 15, 2010
J.K. Wall
The Indiana Attorney General alleges David W. Caswell and New Century Publishing were paid more than $86,000 by 40 consumers for services never rendered.
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Strategist: U.S. economy picking up pace, slowly

October 15, 2010
Scott Olson
augustine watdchvideoThe economy is picking up its pace but not quickly enough to satisfy the public, Fifth Third Bank strategist John Augustine said Friday. It may not return to pre-recession levels until 2017.
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Pact cuts costs for airlines at Indianapolis International

October 15, 2010
Chris O'Malley
A new agreement brings favorable outcome to negotiations that bottomed in 2007, when passenger carriers complained of footing bill for FedEx Corp.'s airport expansion.
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Local senior living manager makes $60.5M acquisition

October 15, 2010
 IBJ Staff
Indianapolis-based Keystone Senior Living LLC has acquired a portfolio of 28 communities in Minnesota and Wisconsin, more than doubling the units it has under management.
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IURC to re-examine Duke project amid ethics flap

October 15, 2010
J.K. Wall
The commission is summoning the CEO of North Carolina-based Duke Energy to justify the $2.9 billion Edwardsport plant on the same day the state ethics board filed formal charges against a former IURC attorney hired by Duke.
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Emmis loss shrinks as radio stations produce more cash

October 15, 2010
J.K. Wall
The Indianapolis-based media company announced this morning that it lost $2.3 million in the latest quarter, down from a whopping $135.6 million in the same period a year earlier.
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AmericInn buys Fishers hotel, enters local market

October 15, 2010
 IBJ Staff
Minneapolis-based hotel chain AmericInn has purchased a Holiday Inn along Interstate 69 in Fishers, giving the company its first Indiana location.
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Indiana loans for jobless to hit businesses Jan. 1

October 14, 2010
Associated Press
The state will begin paying millions of dollars in penalties and interest to the federal government next year because it has borrowed nearly $2 billion to pay for jobless benefits.
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Former agent's admission shines light on NCAA enforcement

October 14, 2010
Scott Olson
Indianapolis-based college sports body acknowledges that it needs the help of others, including former players, coaches and the National Football League, to reduce improprieties.
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FSSA secretary gets green light to take new job

October 14, 2010
Associated Press
Family and Social Services Administration Secretary Anne Murphy can take a private-sector job helping a hospital network cope with the federal health care overhaul she opposed as a public official, the state ethics commission said Thursday.
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City pitching in $38M for $192M Clarian project

October 14, 2010
Cory Schouten
The city is kicking in up to $38 million for infrastructure upgrades to support a massive expansion of the Clarian Health campus at 16th Street and Capitol Avenue.
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Applications for jobless benefits rise again

October 14, 2010
Associated Press
Applications for jobless benefits rose last week for the first time in three weeks, evidence that companies are still reluctant to hire in a slow economy.
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  1. Aaron is my fav!

  2. Let's see... $25M construction cost, they get $7.5M back from federal taxpayers, they're exempt from business property tax and use tax so that's about $2.5M PER YEAR they don't have to pay, permitting fees are cut in half for such projects, IPL will give them $4K under an incentive program, and under IPL's VFIT they'll be selling the power to IPL at 20 cents / kwh, nearly triple what a gas plant gets, about $6M / year for the 150-acre combined farms, and all of which is passed on to IPL customers. No jobs will be created either other than an handful of installers for a few weeks. Now here's the fun part...the panels (from CHINA) only cost about $5M on Alibaba, so where's the rest of the $25M going? Are they marking up the price to drive up the federal rebate? Indy Airport Solar Partners II LLC is owned by local firms Johnson-Melloh Solutions and Telemon Corp. They'll gross $6M / year in triple-rate power revenue, get another $12M next year from taxpayers for this new farm, on top of the $12M they got from taxpayers this year for the first farm, and have only laid out about $10-12M in materials plus installation labor for both farms combined, and $500K / year in annual land lease for both farms (est.). Over 15 years, that's over $70M net profit on a $12M investment, all from our wallets. What a boondoggle. It's time to wise up and give Thorium Energy your serious consideration. See http://energyfromthorium.com to learn more.

  3. Markus, I don't think a $2 Billion dollar surplus qualifies as saying we are out of money. Privatization does work. The government should only do what private industry can't or won't. What is proven is that any time the government tries to do something it costs more, comes in late and usually is lower quality.

  4. Some of the licenses that were added during Daniels' administration, such as requiring waiter/waitresses to be licensed to serve alcohol, are simply a way to generate revenue. At $35/server every 3 years, the state is generating millions of dollars on the backs of people who really need/want to work.

  5. I always giggle when I read comments from people complaining that a market is "too saturated" with one thing or another. What does that even mean? If someone is able to open and sustain a new business, whether you think there is room enough for them or not, more power to them. Personally, I love visiting as many of the new local breweries as possible. You do realize that most of these establishments include a dining component and therefore are pretty similar to restaurants, right? When was the last time I heard someone say "You know, I think we have too many locally owned restaurants"? Um, never...

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