Recession

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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Conseco's investment loss of $96 million 'pretty good' by comparisonRestricted Content

December 22, 2008
J.K. Wall
Eric Johnson, Conseco Inc.'s president over its investment unit called 40/86 Advisors, talked with IBJ about the surprises of the investing world over the last 18 months.
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Note to Hoosier entrepreneurs: Fight on!Restricted Content

December 22, 2008
Jon Ford
Great leaders are not born out of good times â?? they are born out of severe challenge.
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Distribution holds promise for Central IndianaRestricted Content

December 22, 2008
Chip Cutter
A new report shows that, despite a sluggish national economy, the Indianapolis area should continue to attract industrial businesses and distribution centers next year.
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Beech Grove government bracing for budget cutsRestricted Content

December 22, 2008
Property-tax caps should help Hoosier homeowners save a bundle next year.
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Recession, budget shortfalls will have major impact on everything legislators debateRestricted Content

December 22, 2008
Peter Schnitzler
Now expecting $935 million less in annual revenue than they did a year ago, legislators will spend the next four months arguing over budget cuts.
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Economist puts present economy in historical perspectiveRestricted Content

December 22, 2008
Mike Hicks
The clouds of darkness will pass, fear will be removed, and the light of the season will linger in those who seek it.
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Something to think about as a new year dawnsRestricted Content

December 22, 2008
Bruce Hetrick
I think about the economic crisis, the housing crisis, the climate crisis, the energy crisis, the automotive crisis, the Middle East crisis, the education crisis, the college affordability crisis and all the other crises — real, imagined and manufactured — and I wonder whether they'll drive us to the precipice, or even the apocalypse, and whether we'll change at the last minute, and, should we survive, whether we'll remember what we want to forget or forget what we want to remember.
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Kite drops about 10 percent of its staff as retail market floundersRestricted Content

December 15, 2008
Cory Schouten
Kite Realty Group Trust has joined local peers Duke Realty Corp. and Lauth Group Inc. in laying off employees as it copes with dried-up credit and a soft retail market.
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Banks' 'food fight' to restock pantriesRestricted Content

December 15, 2008
In response to Mayor Ballard's Citywide Food Initiative, banks in our community have combined forces to help restock food pantries.
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Recession forces Shelby County's largest employer to cut workersRestricted Content

December 15, 2008
Knauf Insulation is cutting 11 percent of its work force in Shelbyville as the recession prolongs the housing downturn that began two years ago.
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Steepest job losses of recession are occurring nowRestricted Content

December 15, 2008
Mike Hicks
Ball State University's Indiana econometric model predicts that earnings in all of Indiana's major economic sectors except health care will decline in the next three months.
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Worst auto market in 30 years might force consolidationRestricted Content

December 8, 2008
Chris O'Malley
New car dealers, usually among the most resilient of all small businesses in weathering economic downturns, are hanging on for dear life this time around, portending a shakeout among Indiana's 520 dealers.
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Indiana should brace for auto falloutRestricted Content

December 8, 2008
The Big Three and the United Auto Workers do not appear to be serious about making the concessions and changes that are necessary to make them a viable entity for the long haul.
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Diesel dip in price not fueling trucking recoveryRestricted Content

December 8, 2008
Scott Olson
Hampered much of the year by high fuel prices, trucking companies still may be in for a long haul before they're back on the road to recovery.
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Worst fallout to come in waning days of recessionRestricted Content

December 8, 2008
Mike Hicks
The Dec. 1 announcement by the Business Cycle Dating Committee of the National Bureau of Economic Research officially dated the recession back to the fourth quarter of 2007.
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State public company execs grab up stock as prices fallRestricted Content

December 1, 2008
J.K. Wall
The unprecedented plunge on Wall Street the last three months has spurred a couple of dozen executives and directors at Indiana public companies to scoop up shares in their own companies.
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Indiana bankruptcies soarRestricted Content

December 1, 2008
Peter Schnitzler
Indiana bankruptcies are rising toward levels not seen since Congress tightened filing rules three years ago, and experts say stretched consumers and businesses probably won't reap benefits of an improved economy for at least a year.
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Indiana's current recession may be less severe than 1982'sRestricted Content

December 1, 2008
Morton Marcus
With a growing labor market in Indiana, it would seem this recession, thus far, is an economic shock that may be of shorter duration and severity than the 1982 decline.
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Not-for-profits can grow in tough timesRestricted Content

December 1, 2008
Derrick Feldmann
One of the most pressing questions not-for-profits should be asking is: "How will we respond to this economy?"
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Study says most U.S. pensions are poised to recoverRestricted Content

December 1, 2008
A new national analysis of U.S. public pension funds suggests most invest prudently, even in volatile times.
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Voice-mail firm's latest product helps clients collect overdue debtsRestricted Content

December 1, 2008
Scott Olson
A growing number of companies strapped for cash and struggling to pay their bills on time is presenting an unusual opportunity for Vontoo Inc., a local IT firm.
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Companies face pension-plan shortfallsRestricted Content

November 24, 2008
Chris O'Malley
Private employers that still offer traditional pension plans are getting a big shock as they assess how much more it will cost to shoulder retirement obligations.
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Billions lost in state pension-fund falloutRestricted Content

November 24, 2008
Peter Schnitzler
Indiana's public pensions lost $5 billion in the 12 months ending Sept. 30.
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Central Indiana colleges on alert to slow spendingRestricted Content

November 24, 2008
J.K. Wall
Most colleges and universities in central Indiana are being especially frugal because the value of their university endowments has plunged along with the market,donations may decrease, and enrollment may decline, due to lack of student loan availability.
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  1. I'm sure Indiana is paradise for the wealthy and affluent, but what about the rest of us? Over the last 40 years, conservatives and the business elite have run this country (and state)into the ground. The pendulum will swing back as more moderate voters get tired of Reaganomics and regressive social policies. Add to that the wave of minority voters coming up in the next 10 to 15 years and things will get better. unfortunately we have to suffer through 10 more years of gerrymandered districts and dispropionate representation.

  2. Funny thing....rich people telling poor people how bad the other rich people are wanting to cut benefits/school etc and that they should vote for those rich people that just did it. Just saying..............

  3. Good try, Mr. Irwin, but I think we all know the primary motivation for pursuing legal action against the BMV is the HUGE FEES you and your firm expect to receive from the same people you claim to be helping ~ taxpayers! Almost all class action lawsuits end up with the victim receiving a pittance and the lawyers receiving a windfall.

  4. Fix the home life. We're not paying for your child to color, learn letters, numbers and possible self control. YOU raise your children...figure it out! We did. Then they'll do fine in elementary school. Weed out the idiots in public schools, send them well behaved kids (no one expects perfection) and watch what happens! Oh, and pray. A mom.

  5. To clarify, the system Cincinnati building is just a streetcar line which is the cheapest option for rail when you consider light rail (Denver, Portland, and Seattle.) The system (streetcar) that Cincy is building is for a downtown, not a city wide thing. With that said, I think the bus plan make sense and something I shouted to the rooftops about. Most cities with low density and low finances will opt for BRT as it makes more financial and logistical sense. If that route grows and finances are in place, then converting the line to a light rail system is easy as you already have the protected lanes in place. I do think however that Indy should build a streetcar system to connect different areas of downtown. This is the same thing that Tucson, Cincy, Kenosha WI, Portland, and Seattle have done. This allows for easy connections to downtown POI, and allows for more dense growth. Connecting the stadiums to the zoo, convention center, future transit center, and the mall would be one streetcar line that makes sense.

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