Recession

Orchestra lays off eight as donations, ticket sales dropRestricted Content

February 16, 2009
The Indianapolis Symphony Orchestra will look to volunteers to help cover the work done by eight people who were laid off last week in a move to trim $600,000, or 2 percent, from the $29.5 million annual budget.
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Papa's college funds hit the skidsRestricted Content

February 9, 2009
Mickey Maurer
When I read the year-end statements from the 529 College Saving Plans I had established for the benefit of my grandchildren, I felt lower than a snake's belly.
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Unemployment data paints worrisome pictureRestricted Content

February 9, 2009
Mike Hicks
The most recent data on the U.S. economy continues to be worrying, but a little context remains helpful.
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Mall giant says it's in good shape, but takes steps to conserve cashRestricted Content

February 9, 2009
Cory Schouten
Despite assurances of strength, Simon Property Group Inc. has decided to pay 90 percent of its dividend in stock, a move that allows the company to hold onto $925 million in cash this year but could alienate shareholders drawn by the dividend.
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Katterjohn's optimism is upliftingRestricted Content

February 9, 2009
I think it is so important to remind people that the one thing we have control of is our attitude. I think you conveyed that beautifully.
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In hard times, is big-time sports willing to budge?Restricted Content

February 2, 2009
Bill Benner
Even as the economy spirals downward, no one gives a thought to bringing some kind of fiscal sanity to the overall enterprise of sports.
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State needs more unemployment analysis, statsRestricted Content

February 2, 2009
Morton Marcus
How are the economic development professionals in each Indiana county supposed to do their jobs when they don't get quality statistics like those provided to professional sports managers and coaches?
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Airport hotel in limboRestricted Content

February 2, 2009
Anthony Schoettle
The recession, coupled with personnel shifts, have grounded the more than $50-million hotel project adjacent to the new terminal.
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Latest jobs numbers may change state's prioritiesRestricted Content

February 2, 2009
Ed Feigenbaum
Jobs themselves may become "Job One" for our elected officials.
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Stakes huge for Indiana as feds weigh stimulusRestricted Content

February 2, 2009
Greg Andrews
A new report by one of the nation's leading economists finds that getting the stimulus package through Congress— and fast— has huge implications for Hoosiers.
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Grant-makers, stung by market crash, favor safety-net causes, discourage new applicantsRestricted Content

February 2, 2009
Kathleen McLaughlin
Some major foundations in central Indiana are narrowing grantmaking criteria so they can funnel their reduced asset streams toward pressing needs brought on by the recession.
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Lyon takes Finish Line helm as shoppers cut spendingRestricted Content

February 2, 2009
Cory Schouten
Glenn S. Lyon, the new head at The Finish Line Inc., has plenty to tackle. Traffic is down at Finish Line stores, sales have slowed and competitors are slashing prices.
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Buy-and-hold a bad tactic in these market conditionsRestricted Content

February 2, 2009
If world leaders don't quickly demonstrate the courage to stop printing money, the long term is shot. And since that courage isn't likely to surface anytime soon, investors should rethink traditional strategies now.
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Don't get buried by negative newsRestricted Content

February 2, 2009
Chris Katterjohn
When our economy is challenged, American resilience and resourcefulness have heretofore always saved the day. I have good reason to believe those traits will save the day once again.
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Proposed fiscal stimulus package has high costsRestricted Content

February 2, 2009
Mike Hicks
Expeditious and clever spending on roads, infrastructure and, in the half-dozen states where it is possible, a tax cut will determine the success of the stimulus plan.
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Let's strive to keep companies hereRestricted Content

February 2, 2009
Don't lose sight of viable businesses in your own backyard.
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Auctioneers: Recession may be going, but not yet goneRestricted Content

January 26, 2009
Sam Stall
Auction prices are an economic bellwether, since selling items to the highest bidder an an effective way to determine what pretty much anything—from a Fortune 500 company to a Hummel figurine—is really worth.
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Small firms get creative to avoid layoffsRestricted Content

January 26, 2009
Peter Schnitzler
As the recession deepens, many small-business owners face a dilemma. When small businesses slow down, it doesn't make headlines like a shuttered manufacturing plant would. But relatively speaking, their layoffs are just as meaningful. Losing even a handful of key people can be crippling.
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Recruiter optimistic in challenging timesRestricted Content

January 26, 2009
Tracy Donhardt
With the economy nosediving and companies laying off workers by the hundreds and thousands, Kerns International LLC's owner admits it's a difficult time to be running an executive search firm.
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Wealth manager advises long viewRestricted Content

January 12, 2009
When the stock market cratered last year, it demolished many portfolios. But as devastating as investors' losses were, people have suffered far worse trials and tribulations.
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Companies selling indulgences find ways to get byRestricted Content

January 5, 2009
Sam Stall
Many Indianapolis-area folks who sell products and services that can't, by even the most tortuous logic, be described as "needs"are weathering the recession quite well. At least for now.
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Keeping calm in the financial stormRestricted Content

January 5, 2009
Peter Schnitzler
Many investors endured appalling financial losses this year, as markets soured and the economy slipped into recession. Now they're grieving over money once intended to fund retirement, their children's education or major philanthropic gifts.
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Recession, lockdown of credit hammers businesses of all sizesRestricted Content

December 29, 2008
Cory Schouten
Stock markets fell, jobs disappeared, and the outlook for the economy seemed to grow grimmer by the week in 2008. Banks, real estate developers, retailers and manufacturers took some of the worst hits, but all types of businesses in central Indiana felt the pain.
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Stock markets weather historic plungeRestricted Content

December 29, 2008
Greg Andrews
Unless markets surge in the final days of the year, 2008 will go down as the worst year for stocks since the Great Depression.
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Recession leads to a new visionRestricted Content

December 29, 2008
Morton Marcus
The Rev. Terminus Tufflov was preaching, although he and I were the only people in the sanctuary. "These are hard times, my friend," he said. "The forces of darkness have gathered and are threatening my flock. These economic woes are tests sent from on high to challenge our faith. We must prevail and we will prevail."
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  1. I think the poster was being sarcastic and only posting or making fun of what is usually posted on here about anything being built in BR or d'town for that matter.

  2. Great news IRL fans: TURBO the IMS sanctioned movie about slugs running the Indy 500 has caught the Securities and Exchange Commission because Dreamworks had to take a $132MILLION write down...because the movie was such a flop. See, the Indy/IMS magic soiled another pair of drawers. Bwahahahahahaha! How's CARTOWN doing? HAHAHAHA...Indy is for losers.

  3. So disappointed in WIBC. This is the last straw to lose a good local morning program. I used to be able to rely on WIBC to give me good local information, news, weather and traffic on my 45 minute commute.Two incidents when I needed local, accurate information regarding severe weather were the first signs I could not now rely on WIBC. I work weekend 12 hour nights for a downtown hospital. This past winter when we had the worst snowfall in my 50 years of life, I came home on a Sunday morning, went to sleep (because I was to go back in Sunday night for another 12 hour shift), and woke up around 1 p.m. to a house with no electricity. I keep an old battery powered radio around and turned on WIBC to see what was going on with the winter storm and the roads and the power outage. Sigh. Only policital stuff. Not even a break in to update on the winter storm warning. The second weather incident occurred when I was driving home during a severe thunderstorm a few months ago. I had already gotten a call from my husband that a tornado warning was just southwest of where I had been. I turned to WIBC to find out what direction the storm was headed so I could figure out a route home, only to find Rush on the air, and again, no breaking away from this stupidity to give me information. Thank God for my phone, which gave me the warning that I was driving in an area where a tornado was seen. Thanks for nothing WIBC. Good luck to you, Steve! We need more of you and not the politics of hatred that WIBC wants to shove at us. Good thing I have Satellite radio.

  4. I read the retail roundup article and tried Burritos and Beers tonight. I'm glad I did, for the food was great. Fresh authentic Mexican food. Great seasoning on the carne asada. A must try!!! Thanks for sharing.

  5. John, unfortunately CTRWD wants to put the tank(s) right next to a nature preserve and at the southern entrance to Carmel off of Keystone. Not exactly the kind of message you want to send to residents and visitors (come see our tanks as you enter our city and we build stuff in nature preserves...

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