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. 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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