Recession

ECONOMIC ANALYSIS: Stimulus plan must work now ... or it never willRestricted Content

July 20, 2009
Mike Hicks
The 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.
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Recession forces casinos to go all in with pricey expansion projectsRestricted Content

July 13, 2009
Peter Schnitzler
In 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.
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Kite Realty misses out on REIT revivalRestricted Content

July 13, 2009
Cory Schouten
Kite 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.
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Corporate donors standing by $25M Super Bowl pledgesRestricted Content

July 6, 2009
Cory Schouten
Most 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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MARCUS: Grouch finds good in the economyRestricted Content

June 29, 2009
Morton Marcus
To use a gardening metaphor, have the courage to prune back in a tough economy, and plant new seeds before the weather improves.
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KELLER: The party's over for IU Law grads as stapped firms trim opportunitiesRestricted Content

June 29, 2009
Michael Keller
Fledgling attorneys face a legal industry in defensive mode, resulting in drooping employment figures.
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HICKS: Certain unemployment causes worse than othersRestricted Content

June 29, 2009
Mike Hicks
Unemployment often is a necessary and natural part of a healthy economy. But job losses that come when workers or even entire industries become redundant are especially painful.
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Half of state's public-company CEOs saw pay rise in 2008

June 22, 2009
Peter Schnitzler
For 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.
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Boomtown on hold: Recession delays Honda's full impact on GreensburgRestricted Content

June 22, 2009
Kathleen McLaughlin
Jobs 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.
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Unprecedented economic forecast revision will frame special sessionRestricted Content

June 1, 2009
Peter Schnitzler
With the help of outside economists, Indiana government undergoes an economic forecast every other yearâ??a process that's taken on increased importance this spring, as Gov. Mitch Daniels and the Legislature attempt to craft a two-year budget amid the deepest recession since the early 1980s.
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Recession toughens faith communitiesRestricted Content

June 1, 2009
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Churches look for ways to pay off construction projects planned before recession took toll on collection platesRestricted Content

May 25, 2009
Kathleen McLaughlin
In Indianapolis and around the country, congregations that expanded before the recession are now taking drastic measures, including budget cuts that have resulted in layoffs, salary reductions and giving less to charities.
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Fiscal crisis calls for drastic measureRestricted Content

May 18, 2009
Mickey Maurer
Ind. Gov. Mitch Daniels will call the Legislature into special session to pass an acceptable budget, but some legislators think a budget that would satisfy the governor cannot be crafted by the contentious partisans in this developing fiasco.
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Recession has a domino effect on venture capitalRestricted Content

May 11, 2009
Peter Schnitzler
Call it a trickle-down effect, but not the kind President Reagan would have liked. The recession has cost most institutional investors, such as university endowments, about a quarter of their value. As a result, venture capitalists' primary source of funding has dried up. The implications for Hoosier entrepreneurship are stark.
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Build your economy by assessing communityRestricted Content

May 4, 2009
Mike Hicks
Hard times present a fitting opportunity for communities to engage in useful self-reflection. In this case, deep thinking on the regional economy could best be served by focusing on the fundamentals first, not the outcomes.
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White River Capital negotiating new terms for its First Chicago Bancorp mergerRestricted Content

April 20, 2009
Peter Schnitzler
In a March 13 filing with the Securities and Exchange Commission, publicly traded White River revealed it's postponed its merger with First Chicago Bancorp, and now is negotiating new terms.
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Lauth, a once-booming developer, has sliced 90 percent of work force, lost control of some propertiesRestricted Content

April 20, 2009
Cory Schouten
Struggling developer Lauth Group Inc. has cut about 90 percent of its staff and lost control of part of its portfolio to a major equity partner-developments that raise doubts about whether the locally based company can survive the recession.
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Prolonged woes reshape Connersville, city once known as 'Little Detroit'Restricted Content

April 13, 2009
Kathleen McLaughlin
With economists predicting the statewide unemployment average will reach 10 percent this year, the experience of a hard-hit city like Connersville offers a glimpse of what lies ahead for other manufacturing-reliant Hoosier communities.
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Recession slices into golf business; courses roll out promotionsRestricted Content

April 13, 2009
Anthony Schoettle
Indiana golf course operators are nervous about how the recession might lead to fewer golfers and lost revenue.
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Hungry for customers, restaurateurs dangle dealsRestricted Content

April 6, 2009
Sam Stall

Restaurateurs are responding to the recession, be they the proprietors of fine-dining establishments or burger joints, by offering low-cost dining deals.

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Foreclosure investors shift to buy-and-hold strategyRestricted Content

April 6, 2009
Sam Stall
Instead of buying and selling, investors with ready cash are buying houses at substantial markdowns, turning them into rental properties and sitting tight until the market improves.
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Youth program may promote sense of purposeRestricted Content

April 6, 2009
Mike HicksMore

Indianapolis weathering recession better than rest of state, U.S.Restricted Content

April 6, 2009
Peter Schnitzler
Compared to most of the rest of the state and nation, Indianapolis is an occupational dynamo.
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Franchisors also feel recession's financial pinchRestricted Content

March 30, 2009
Peter Schnitzler
About two dozen franchises based in Indiana are not immune to difficulties during the recession.
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Auction-rate securities suit names Stifel's Cohen, othersRestricted Content

March 30, 2009
 IBJ Staff
Among defendants named in a Missouri lawsuit against investment firm Stifel Nicolaus and Co. is Stifel Managing Director Jeffrey Cohen, who is based in the company's Indianapolis office.
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  4. Elected officials, like Mourdock, get vested in 8 years. It takes 10 years for all other public employees, most of whom make a lot less money. So much for the promise to finish out his term.

  5. Great state treasurer and a good man!! Just curious if the folks who didn't quite understand his quote would like to tell my daughter-in-law that God didn't intend her! Mourdock's comment was correct but twisted and the article didn't mention that his opponent and the press let the impression stand that Mourdock meant that the rape was intended. Stupid people!!

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