News & Analysis

Metal-framing plant closing to cost 105 jobs

May 9, 2011
Dietrich Industries will close a plant in Hammond this summer, resulting in the loss of 105 jobs. The company manufactures metal framing and finish products.
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Schools weigh options after voters nix tax hikes

May 9, 2011
Associated Press
School districts across the state continue to struggle in their attempts to win voter approval for operating money or building projects, which a researcher attributes to continued worries about the economy.
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Amazon plans another area warehouse, more jobs

May 9, 2011
 IBJ Staff and Associated Press
Amazon.com plans to open a third large distribution center in central Indiana this summer that will employ hundreds of workers, the company said Monday morning.
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Do-not-call list may expand to cell phone users

May 9, 2011
Associated Press
Indiana residents who use only their cell phones will be able to add those numbers to the state's do-not-call registry to block unwanted telemarketing calls under a bill awaiting Gov. Mitch Daniels' signature.
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Reform law gives charters leeway to hire unlicensed teachers

May 7, 2011
Francesca Jarosz
Legislation that expands charter schools in Indiana also could increase the number of teachers at those schools without licenses, making it easier for educators like Eric Nentrup to take non-traditional paths to the classroom.
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Law firm towers after acquisitions

May 7, 2011
Scott Olson
Barnes & Thornburg's entrance into the Los Angeles market earlier this year capped off a string of office openings that vaulted it into an elite national player.
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President transforms workplace culture at Farmers Bank

May 7, 2011
Ann Finch
Few bank presidents gather their employees once a week and pass out plastic clapping hands to keep the beat to music pulsing full volume through the lobby. Fewer still climb atop a customer-service counter to open the early-morning pep rally with a full grin. Karen Miller does both.
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Stock slides as HHGregg stores riseRestricted Content

May 7, 2011
Cory Schouten
HHGregg Inc. continues to plow into new markets, opening an average of one store a week, even as Wall Street is feeling less gung-ho about the prospects for such a fast-growing brick-and-mortar electronics chain.
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Event promoter Compton teams with high schools to raise moneyRestricted Content

May 7, 2011
Anthony Schoettle
Proceeds from tribute-band concerts go to athletic programs, music departments and other school offerings that have lost funding.
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Law firms inch back toward hiring modeRestricted Content

May 7, 2011
Katie Maurer
Improved economy boosts prospects, modestly, for new grads.
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Next library CEO faces great expectationsRestricted Content

May 7, 2011
Kathleen McLaughlin
A search is under way for a successor to Indianapolis-Marion County Public Library CEO Laura Bramble, who plans to retire, and expectations from all quarters are high.
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New laws hang teacher pay on performance

May 7, 2011
J.K. Wall
Charters and vouchers may have sparked the loudest education-related protests before the Legislature this year, but changes to teacher evaluations are likely to have the biggest impact on Indiana’s public schools.
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How key bills fared during 2011 legislative sessionRestricted Content

May 7, 2011
Tom Harton, Francesca Jarosz, Chris O'Malley, Scott Olson, Associated Press
Indiana senators and representatives debated a wide range of bills with significant business implications during the 2011 session of the General Assembly, which wrapped up April 29.
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Legislating pay: Description of Senate Bill 1Restricted Content

May 7, 2011
J.K. Wall
Senate Bill 1, which takes effect July 1, will make teacher pay far more complex. To determine a teacher’s annual pay increase, school districts now can count experience and education as no more than 33 percent of the compensation equation.
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Endocyte's potential enthralls investorsRestricted Content

May 7, 2011
Chris O'Malley
Shares of Endocyte Inc. have doubled since the company’s initial public offering in February—even though the common wisdom is it won’t see sales from its first cancer drug until 2014.
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Men's store Jos. A. Bank plans downtown location

May 6, 2011
Cory Schouten
The men's clothing chain Jos. A. Bank plans to open a new store at Meridian and Washington streets in a much-needed vote of confidence for street-level retail downtown.
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State revokes Fishers money manager's license

May 6, 2011
Scott Olson
The Indiana Secretary of State’s Office has revoked the financial advising license of Fishers money manager Keenan Hauke, who is being investigated by the office over financial irregularities involving a hedge fund he operates.
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Economy adds 244,000 jobs, but unemployment rate ticks up

May 6, 2011
Associated Press
The job gains were widespread. Retailers, factories, financial companies, education and health care and even construction companies all added jobs. Federal, state and local governments cut jobs.
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Kite Realty Trust reports wider first-quarter loss

May 6, 2011
 IBJ Staff
Indianapolis-based Kite Realty Group Trust on Friday reported a wider first-quarter loss than a year ago thanks to declining revenue and a big dividend payment to preferred shareholders.
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Tech firm Slingshot expanding, plans 114 more jobs

May 6, 2011
 IBJ Staff
Indianapolis-based Slingshot SEO Inc., founded by three friends from Zionsville High School, plans to expand operations in Indianapolis, adding 114 more employees by 2013, economic development executives announced Friday morning.
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Airport seeks broker to market ex-ATA HQ

May 5, 2011
Chris O'Malley
The Indianapolis Airport Authority plans to hire a broker to market the 16.5-acre campus along Washington Street near Indianapolis International Airport once used by ATA Airlines. It has been vacant for three years.
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East-side apartment complex facing foreclosure

May 5, 2011
One West Bank in California says it is owed nearly $3.3 million, and is seeking to foreclose on Red Mill Apartments near East 38th Street and North Franklin Road.
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Medical device manufacturer seeks abatement

May 5, 2011
Indianapolis-based Medivative Technologies plans to build a 9,000-square-foot addition to its east-side facility and spend $2.5 million to equip it. The expansion should create 15 jobs.
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Eli Lilly pledges $2.5 million to Mind Trust

May 5, 2011
J.K. Wall
Eli Lilly and Co. plans to give $2.5 million toward a new fundraising campaign by the Mind Trust, an Indianapolis-based education reform group.
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Pence to enter race for Indiana governor

May 5, 2011
Associated Press
To no one's surprise, Republican Rep. Mike Pence said Thursday morning that he'll run for Indiana governor in 2012, giving the GOP an early edge in the race.
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  1. You are correct that Obamacare requires health insurance policies to include richer benefits and protects patients who get sick. That's what I was getting at when I wrote above, "That’s because Obamacare required insurers to take all customers, regardless of their health status, and also established a floor on how skimpy the benefits paid for by health plans could be." I think it's vital to know exactly how much the essential health benefits are costing over previous policies. Unless we know the cost of the law, we can't do a cost-benefit analysis. Taxes were raised in order to offset a 31% rise in health insurance premiums, an increase that paid for richer benefits. Are those richer benefits worth that much or not? That's the question we need to answer. This study at least gets us started on doing so.

  2. *5 employees per floor. Either way its ridiculous.

  3. Jim, thanks for always ready my stuff and providing thoughtful comments. I am sure that someone more familiar with research design and methods could take issue with Kowalski's study. I thought it was of considerable value, however, because so far we have been crediting Obamacare for all the gains in coverage and all price increases, neither of which is entirely fair. This is at least a rigorous attempt to sort things out. Maybe a quixotic attempt, but it's one of the first ones I've seen try to do it in a sophisticated way.

  4. In addition to rewriting history, the paper (or at least your summary of it) ignores that Obamacare policies now must provide "essential health benefits". Maybe Mr Wall has always been insured in a group plan but even group plans had holes you could drive a truck through, like the Colts defensive line last night. Individual plans were even worse. So, when you come up with a study that factors that in, let me know, otherwise the numbers are garbage.

  5. You guys are absolutely right: Cummins should build a massive 80-story high rise, and give each employee 5 floors. Or, I suppose they could always rent out the top floors if they wanted, since downtown office space is bursting at the seams (http://www.ibj.com/article?articleId=49481).

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