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News & Analysis
Tony George's successor might trade tradition for revenue
July 6, 2009
Anthony SchoettleA management shake-up at the Indianapolis Motor Speedway has some in the motorsports industry thinking major changes could
be on the horizon at the fabled race venue—maybe as soon as next year.
MoreEconomy takes toll on golf spending, but Senior Open on course for profits
July 6, 2009
Anthony SchoettleOrganizers of the 2009 U.S. Senior Open at Crooked Stick are sinking one birdie putt after another in their efforts to meet
their budget and draw strong crowds to central Indiana later this month. In this economy, sports marketers are calling ticket
and sponsorship sales for the tournament remarkable.
MoreFranklin College sues like-named competitor over marketing push
July 6, 2009
J.K. WallFranklin College filed a lawsuit today alleging trademark infringement against Ohio-based Franklin
University, which will open a campus in Castleton this fall. The liberal arts college south of Indianapolis
said the newcomer's marketing blitz has been too close to Franklin College’s own branding.
MoreLilly cancer drug OK'd for new use
July 6, 2009
J.K. WallEli Lilly and Co.'s top rising-star drug has been approved by U.S. regulators for a new use, an event that could boost sales
of
the medication. Alimta, a lung cancer drug, was approved as a maintenance therapy for non-small cell lung cancer
for certain patients, Lilly announced today.
MoreUtilities favor federal carbon dioxide permit-trading plan
July 6, 2009
Chris O'MalleyResigned to inevitable government curbs on their carbon dioxide emissions, about
all Indiana utilities could do was say which poison they'd prefer to swallow. They're closer to
getting their favorite poison, with the U.S. House passage June 26 of a bill that would create a market
for trading carbon dioxide permits.
MoreCorporate donors standing by $25M Super Bowl pledges
July 6, 2009
Cory SchoutenMost of the companies that agreed to help underwrite the 2012 Super Bowl are standing by their commitments even as the recession
wreaks havoc on their businesses. Of $25 million pledged by more than 80 companies before last year's bid process, only about
$1 million is at risk, said host committee head Mark Miles.
MoreCarmel tech firm takes coupons into digital era
July 6, 2009
Chris O'MalleyCarmel-based mobile marketer Tetherball has deployed a program using
a radio frequency identification device that can measure in detail to what extent customers redeem loyalty and rewards offers.
MoreIndianapolis 500 movie racing toward big screen
July 6, 2009
Anthony SchoettleA locally born initiative to make a movie about the first Indianapolis 500 has cleared a major obstacle to getting its project
to big screens nationwide by May 2011—in time for the race's centennial.
MoreLegislature snubs casinos, but forms study committee
July 6, 2009
Peter SchnitzlerIndiana's struggling gambling industry didn't get the relief it sought during the special session of the Indiana General Assembly.
But embedded within the budget bill approved June 30 is a provision creating a gambling summer study committee. Its recommendations,
due by Dec. 1, may make or break several of Indiana's casinos.
MoreMinority suppliers diversifying into life sciences
July 6, 2009
Scott OlsonThe Indiana Minority Supplier Development Council has made life sciences companies its latest target—part of an even
larger effort to attract minorities to the burgeoning life sciences industry under
way on a national scale.
MoreCummins sues insurers over $381M in flood claims
June 29, 2009
Peter SchnitzlerCummins Inc. is battling its insurers in court, saying they're refusing to pay
most of the company's $381 million in claims stemming from the flood that immersed its southern Indiana
facilities a year ago.
MoreClean air strategy: Some nightspots opt to tighten smoking rules
June 29, 2009
Kathleen McLaughlinCoaches Tavern, MacNiven's Restaurant and Bar, and The Jazz Kitchen are among Indianapolis bars that recently limited or banned
smoking. Those establishments join a short list of bars that already buck the trend in Indianapolis. Smoking in public places,
including restaurants, has been banned in Marion County since 2006, but it's still OK to puff away in places that don't admit
minors.
MoreRepublic growth strategy fraught with risk
June 29, 2009
Chris O'MalleyBy purchasing two struggling airlines for which it flies, Republic Airways Holdings is taking aboard substantial risks that
threaten its profitable niche, analysts say. Frontier Airlines and Midwest Airlines are not only leaking money, but fly at
an altitude where major carriers routinely dogfight
in a fare war Republic hasn't had to fight as a contract carrier.
MoreStar newsroom braces for pay cuts, possible layoffs
June 29, 2009
Anthony Schoettlehe next two weeks could be critical in determining the level and quality of staffing in the newsroom of The Indianapolis
Star, the state's largest daily newspaper. The paper's union—which represents about 160 news staffers—and management
have been at an impasse since employees' union contract expired Dec. 31.
MoreBusinesses discover dangers of relying too heavily on a single client or industry
June 29, 2009
Peter SchnitzlerIn this deep recession, many local small-business owners suffer a harsh dilemma: Heavily tied to a single supplier,
customer or industry, they must diversify or die.
MoreDespite what you might think, lawyers are compartatively scarce in Indiana
June 29, 2009
Scott OlsonOnly North and South Dakota, Tennessee and Wisconsin have smaller proportions of lawyers within their working populations.
Experts point to the state's shrinking base of corporate HQs, the exodus of law school graduates, and a less litigious climate
overall.
MorePets, often overlooked in wills, are getting more attention
June 29, 2009
Rebecca BerfangerWhile most people consider their family members and funeral costs in estate planning, many overlook their babies who happen
to have four legs, a tail, feathers or even scales. A pet trust is a good solution.
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.
MoreLocal social networking site connects users offline
June 22, 2009
Kim PuckettGrowing by leaps and bounds, smallerindiana.com will host its first-ever "Bigger Ideas" conference for the high-tech and Internet-savvy
crowd.
MoreColts extend home sell-out streak
June 22, 2009
Anthony SchoettleDespite a ticket price increase, the terrible economy, and an uncertain season ahead, the Indianapolis Colts have sold out
of season tickets, assuring the team will extend its sell-out streak to 97 regular-season home games.
More$65M development deal would cost Capital Improvement Board
June 22, 2009
Cory SchoutenThe Capital Improvement Board could be forced to give up one of its most profitable assets so the city can pull off a $65-million
public-private downtown development deal. The city has agreed to help a developer revitalize the vacant former Bank One operations
center in part by acquiring an adjacent
parking garage for $18.5 million.
MoreJudge to determine whether Lauth's filing was proper
June 22, 2009
Cory SchoutenThe largest outside investor in embattled developer Lauth Group Inc. is asking a federal judge to dismiss the company's bankruptcy
cases.
MoreBoomtown on hold: Recession delays Honda's full impact on Greensburg
June 22, 2009
Kathleen McLaughlinJobs created by the new manufacturing plant have been offset by losses elsewhere in the community, and related development
remains scarce. But local officials remain optimistic about Honda's long-term impact.
MoreGovernment-run insurance plan draws mixed reviews from employers
June 22, 2009
J.K. WallBusinesses all want to see reform of the health care system, but they diverge on how much the U.S. government's entrance into
the insurance market would help or hurt them.
MoreIce Miller still in merger talks with Louisville law firm
June 22, 2009
Scott OlsonThe city's third-largest law firm is poised to tie the knot with Kentucky's Greenebaum Doll & McDonald. But differences in
the way the firms compensate partners are taking longer than expected to sort out.
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Steak and Shake USED to be a good place to eat, but the now empty parking spaces tell the story of Poor Service, Declining quality of food and just more gimmicks and rear cooking....I used to be a customer, but no more...won't be back...to many other Good Places to eat in INDY...
This man has continued to destroy the Steak and Shake brand. Did he not learn from the sins of owners past. The SNS logo and Brand are strong, I cant understand why he wants to destroy the brand other than to satisfy his big ego.This will turn out to be a big mistake. Sleek new look for a traditional product..makes no logical sense
I mean REALLY!!! What's next taking away the Burger King's crown, turn the golden arches into silver columns? No I know let's get Wendy a pink mohawk.
A couple of thoughts on some of the information presented here from someone with a bit of experience in this area: First, Does anyone remember a time in the past 35 years when insurance premiums DIDN'T increase? They increase every year. The more rigorous rate review requirements of the Affordable Care Act (effective in 2011) have likely caused those increases to moderate as they have averaged below 10% for the past few years, down from much higer averages in prior years. Second, Oregon will operate a state-based Exchange. Recently, they were one of the first states to release their proposed (not yet reviewed by regulators)premium rates -- our first view of Exchange rates. After 2 insurers saw their competitors' rates, they pulled theirs back and re-submitted LOWER rates. In my nearly 10 years as a state insurance regulator, and two years as a federal regulator, I don't ever recall an insurer voluntarily lowering its rates. THAT'S the kind of transparency and competition the online marketplaces (Exchanges) will bring about. 3) ...and this is just a random thought: A big concern among health policy experts is the capacity of the primary care provider community to handle the happy fact that a large number of individuals will be newly-insured under the Affordable Care Act. With the system being stretched so thin for INSURED individuals, It seems highly doubtful that more than a very few "cash-and-carry" physicians will be able to survive in the new, improved healthcare system. Sally McCarty Center on Health Insurance Reform Georgetown University Health Policy Institute
liek the rest of America