News & Analysis

Report says school voucher changes cost state $16M

June 18, 2014
Associated Press
An Indiana Department of Education report shows that changes to the state's private school voucher program are costing the state roughly $16 million. Voucher supporters questioned the report's accuracy.
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Work to resume Thursday on fatal tunnel project

June 18, 2014
Associated Press
A utility company says construction will resume Thursday on a project to build a sewer tunnel 250 feet beneath Indianapolis where a worker was killed last week.
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Ogden receives 30-day suspension for criticizing judge

June 18, 2014
Jennifer Nelson / The Indiana Lawyer
Indianapolis attorney and blogger Paul Ogden has been suspended for 30 days by the Indiana Supreme Court based on comments he made regarding a judge who presided over an estate case involving Ogden’s client.
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IU advancing demolition plan opposed by city

June 18, 2014
Associated Press
Indiana University's Board of Trustees is expected to vote this week on a plan to move or tear down six houses in a Bloomington neighborhood that city officials have been trying to protect.
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Fed slows bond buying with fifth monthly reduction

June 18, 2014
The Federal Reserve will further slow the pace of its bond purchases because a strengthening U.S. job market needs less support.
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Trademark board rules against Redskins name

June 18, 2014
Associated Press
The U.S. Patent Office ruled Wednesday that the Washington Redskins nickname is "disparaging of Native Americans" and that the team's federal trademarks for the name must be canceled.
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Dems look to downtown funds for Rebuild Indy alternative

June 18, 2014
Kathleen McLaughlin
City-County Council Democrats on Wednesday morning unveiled an alternative to the mayor's infrastructure-spending plan. It would involve less borrowing and use money in the downtown TIF fund.
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Hot race for No. 3 spot in GOP has Indiana representative

June 18, 2014
Associated Press
Reps. Steve Scalise of Louisiana, Peter Roskam of Illinois and Marlin Stutzman of Indiana are vying for majority whip, a position likely to become vacant because its current occupant is the strong favorite to become the new majority leader.
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Merck's exit pushes Endocyte shares lower

June 18, 2014
 IBJ Staff
Shares of Endocyte Inc. skidded 15 percent Wednesday after industry giant Merck & Co. Inc. decided it would give up on developing Endocyte cancer drug vintafolide.
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Investors to seek clues from Fed on rate increase

June 18, 2014
Associated Press
The Fed will likely approve a fifth cut in its monthly bond purchases because the job market has strengthened. But no clear signal is expected on when it will start raising short-term interest rates from record lows.
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Pence: Intact families key to strong economy

June 17, 2014
Seth Morin, The Statehouse File
Republican Gov. Mike Pence said Tuesday that the state should encourage young people to get married and only have children after they’re married to keep the Indiana economy strong.
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Second man serving time in Ball State fraud scandal

June 17, 2014
Associated Press
A Brooklyn, N.Y., man was sentenced to three years in prison for his role in an investment fraud scheme that cost Ball State University $13.1 million.
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Lawmakers approve fixes to criminal sentencing

June 17, 2014
Associated Press
The General Assembly met Tuesday for its first "technical corrections day" — a special one-day meeting with limits placed on it so lawmakers do not have to do a full-blown "special session."
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Bosma: No ethics sanctions against Turner

June 17, 2014
Associated Press
House Speaker Brian Bosma said Tuesday he will not sanction House Speaker Pro Tem Eric Turner after an ethics probe determined the lawmaker did not violate state ethics rules.
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Cummins building new southern Indiana tech center

June 17, 2014
Associated Press
Engineers from several locations will be based at the $70 million center about 50 miles south of Indianapolis, and more than 600 people could be working there when it is completed next year.
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Washington Prime buys Clay Terrace stake from Lauth

June 17, 2014
 IBJ Staff
Simon Property Group spinoff Washington Prime Group on Monday announced deals worth about $326 million involving at least seven shopping centers, including Clay Terrace in Carmel.
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Daniels says IPFW better off staying under Purdue

June 17, 2014
Associated Press
Purdue University President Mitch Daniels believes IPFW's biggest strength is its ability to award a diploma that says "Purdue University" or "Indiana University"—something it would lose if it were to break away, .
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Judge finds ‘rational’ reasons for restricting cold-beer sales

June 17, 2014
 IBJ Staff and Associated Press
Judge Richard L. Young ruled the state has legitimately drawn a line by only allowing liquor stores to sell cold beer.
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FDA prepping long-awaited plan to reduce salt

June 17, 2014
Associated Press
Food companies and restaurants could soon face government pressure to make their foods less salty for health reasons.
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Interactive Intelligence seeks city tax breaks for expansion

June 17, 2014
Dan Human
Indianapolis is considering nearly $2.6 million in tax breaks over 10 years as an incentive for Interactive Intelligence's planned $28 million investment.
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Report: Charitable giving almost back to pre-recession levels

June 17, 2014
Andrea Muirragui Davis
Charitable giving in the United States continues to recover from its recession-induced slump, reaching an estimated $335.2 billion last year, a new study concludes.
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Estate in rural Indiana priced at $8M could be tough sell

June 17, 2014
Associated Press
Carriage Manor Estate is like one of those houses you see on TV shows documenting the high life of the rich and famous — except it's not located in Beverly Hills, New York or even Indianapolis.
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Area home-construction permit filings flatten out

June 17, 2014
 IBJ Staff and Associated Press
Homebuilders filed 530 single-family building permits in the metro area in May. That’s exactly the same number of permits that were filed in May 2013. Local construction numbers were better than national figures.
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Noblesville firm plans $3M East 16th Street investment

June 17, 2014
Scott Olson
Slane Capital is developing the project for Better Retail, which plans to move its headquarters from Hamilton County while converting the dilapidated structure just east of the Monon Trail into a hub for food-and-beverage startups.
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GOP governors: EPA carbon dioxide rules job killer

June 16, 2014
Associated Press
Republican governors from oil-and-gas rich states said Monday that new federal rules designed to cut emissions linked to global warming from power plants by 30 percent by 2030 will kill jobs and growth.
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  1. With Pence running the ship good luck with a new government building on the site. He does everything on the cheap except unnecessary roads line a new beltway( like we need that). Things like state of the art office buildings and light rail will never be seen as an asset to these types. They don't get that these are the things that help a city prosper.

  2. Does the $100,000,000,000 include salaries for members of Congress?

  3. "But that doesn't change how the piece plays to most of the people who will see it." If it stands out so little during the day as you seem to suggest maybe most of the people who actually see it will be those present when it is dark enough to experience its full effects.

  4. That's the mentality of most retail marketers. In this case Leo was asked to build the brand. HHG then had a bad sales quarter and rather than stay the course, now want to go back to the schlock that Zimmerman provides (at a considerable cut in price.) And while HHG salesmen are, by far, the pushiest salesmen I have ever experienced, I believe they are NOT paid on commission. But that doesn't mean they aren't trained to be aggressive.

  5. The reason HHG's sales team hits you from the moment you walk through the door is the same reason car salesmen do the same thing: Commission. HHG's folks are paid by commission they and need to hit sales targets or get cut, while BB does not. The sales figures are aggressive, so turnover rate is high. Electronics are the largest commission earners along with non-needed warranties, service plans etc, known in the industry as 'cheese'. The wholesale base price is listed on the cryptic price tag in the string of numbers near the bar code. Know how to decipher it and you get things at cost, with little to no commission to the sales persons. Whether or not this is fair, is more of a moral question than a financial one.

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