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Recession
RYAN: Recession could prompt tax reform
January 2, 2010
Earl RyanA new study by the National Conference of State Legislatures shows that states have narrowed
a collective budget gap by $145.9 billion in the fiscal year that began July 1, only to be faced with another $28.2 billion
gap for the remainder of the fiscal year. And fiscal 2011 and 2012 are equally bleak.
MoreSlump sets Hoosier job levels back 14 years
December 26, 2009
Norm HeikensThe 131,000 jobs lost
in the 12 months ended in November amounted to a 7.2-percent decline and were nearly equivalent to the combined populations
of Carmel and Fishers.
MoreIndiana banker meets with Obama, Geithner
December 23, 2009
Peter SchnitzlerMark Schroeder, CEO of Jasper-based German American Bancorp, was one of just 12 community bankers who talked shop Tuesday
with the president and Treasury secretary.
MoreStout's Shoes still in step after 123 years
December 12, 2009
Brock BenefielAfter more than a century in business, Indianapolis-based Stout’s Footwear Co. isn’t just
surviving. It also is proceeding with plans to open
a store next year on the city’s north side.
MoreHICKS: Recession may help close job-skills gap
December 12, 2009
Mike HicksOne of the most important effects of the recession â??lower employment â?? is likely to be stubbornly persistent.
MoreSome area manufacturers see blue sky after year dominated by recession
December 5, 2009
Kathleen McLaughlinThe recession decimated Indiana’s auto-parts makers, but many other manufacturers in the state survived. After a year
adrift in the recession, they see signs of land ahead.
MoreFewer firms reimbursing workers for tuition
November 21, 2009
Scott OlsonAs corporations continue to dig out from the worst recession in decades, tuition-reimbursement programs are a common
casualty. A survey estimates that 63 percent of companies will
offer undergraduate educational assistance this year compared to 67 percent in 2005.
MoreState's jobless rate ticks up
November 20, 2009
Scott OlsonIndiana's unemployment rate inched up to 9.8 percent in October, reversing small declines recorded in the previous three months,
the Indiana Department of Workforce Development said Friday morning.
MoreMARCUS: The economic exorcism was successful
November 7, 2009
Morton MarcusThe damage done by the recession is still with us, even if the recession itself has ended. But sufficient evidence is available
to suggest that the demon recession has left the nation’s economic body.
MoreHICKS: Recession results in 'great deleveraging'
October 31, 2009
Mike HicksOn virtually every meaningful measure, this recession stacks up as only the third or fourth worst post-World War II recession,
but its effects are much more profound in a few areas. One area that will be most apparent is the changes the economy has
wrought on consumer credit.
MoreIndiana insurance industry weathers hard times
October 24, 2009
J.K. WallEmployment in Indiana's insurance industry has remained stable despite a poor economy.
MoreSurvey: Manufacturers optimistic about economic recovery
October 13, 2009
Scott OlsonIndiana manufacturers, many of which have suffered major job losses, are optimistic the economy will rebound next year,
according to an annual survey commissioned by Katz Sapper & Miller LLP.
MoreMARCUS: The recession will leave a residue
October 10, 2009
Morton MarcusWouldn’t
it be refreshing if we focused on a different way of looking at the recession? What if we talked in
real terms about how much we lost in work days or goods and services?
MoreIU: Indiana economy turned in March
October 7, 2009
Norm HeikensThe Indiana economy turned up in March, but the recovery has been slow and dogged. That's the picture painted by a new
monthly index unveiled Wednesday by the Indiana Business Research Center within the Kelley School of Business at Indiana University.
MoreU.S. jobless rate reaches 9.8 percent in September
October 2, 2009
Associated PressThe unemployment rate rose to 9.8 percent in September, the highest since June 1983, as employers cut far more jobs than expected.
The report is evidence that the worst recession since the 1930s is still inflicting widespread pain.
MoreMANN: Commercial real estate is next mortgage crisis
September 19, 2009
Brian MannThe cresting wave of maturing commercial real estate debt is the second act in our nation's credit crisis.
MoreMARCUS: State's long-term job deficit tops 800,000
September 12, 2009
Morton MarcusRecently, I saw a newspaper story detailing the number and percentage of jobs lost over the past year for Indiana’s
metropolitan areas. This year-over-year story is appropriate, but it tends to hide the truth behind the numbers.
MoreEconomy pushes executives into small firms
August 29, 2009
Peter SchnitzlerIn the recession, folks with former big-company careers
are increasingly taking jobs with small businesses. For some downsized executives, it’s about the desperate need for
a paycheck. Others, who felt impotent and pigeonholed in corporations, discover they prefer the challenge of entrepreneurship.
MoreLottery sales fall 11 percent as Lotto, scratch-off demand wanes
August 14, 2009
Scott OlsonThe Hoosier Lottery limped through its latest fiscal year, turning in its poorest sales performance in a half-decade due mostly
to declining demand for Hoosier Lotto tickets and scratch-off games, the Lottery said today.
MoreCIB OKs budget, but awaits council vote
August 10, 2009
Scott OlsonMembers of the Indianapolis Capital Improvement Board this afternoon passed a $63 million budget for 2010 that hinges on the
City-County Council’s approval of a hike in the local hotel tax.
MorePurdue prof: 'Clunkers' could stall retail sales
August 5, 2009
Kim PuckettThe federal 'Cash for Clunkers' program has opened a floodgate of car sales that President Obama says is a much-needed
boost for the economy. But retailers may feel the negative effects of America's collective investment in new cars, predicts
a Purdue Retail Institute researcher.
MoreECONOMIC ANALYSIS: Stimulus plan must work now ... or it never will
July 20, 2009
Mike HicksThe postmortem and dissection of the federal economic stimulus plan have begun in earnest. The president
has added to his woes by saying the stimulus will take years, not months, to work, and his chief economist
managed to squeak out the headline or two that the worst is ahead of us.
MoreRecession forces casinos to go all in with pricey expansion projects
July 13, 2009
Peter SchnitzlerIn a saturated gambling market, Indiana casinos increasingly rely on expanded entertainment options to
attract patrons. The upshot is that an industry once considered “recession-proof” is asking
the General Assembly for lower taxes and hopes to eliminate expensive regulatory requirements like maintaining engines
and crews.
MoreKite Realty misses out on REIT revival
July 13, 2009
Cory SchoutenKite Realty Group Trust has stuck pretty closely to the REIT recession playbook: Renegotiate debt, sell new shares, cut
dividends, and set the development engine to idle. But as the shares of most publicly traded real estate
investment trusts have bounced back from the lows in March, Kite’s shares have lagged.
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.
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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.