August 13, 2007
Bruce HetrickOn a bookshelf in my office, I display a box of Kraft Macaroni & Cheese, three packs of Benson & Hedges cigarettes and the
program from my late wife's memorial service. I display the pasta because, until the company was spun off earlier this year,
Kraft Foods was part of Altria Group. I display the Benson & Hedges because that brand is part of Phillip Morris USA, which
is also part of Altria Group. I display the memorial-service program because...
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August 13, 2007
Peter SchnitzlerFor wireless phone distributor Brightpoint Inc., CellStar was the appetizer. Dangaard was the main course. The next nine months
will be all about avoiding indigestion. Brightpoint CEO Bob Laikin is ready. He's been preparing for the meal for more than
a decade. "In the mid-'90s, it was 'shoot, shoot, shoot and then aim,'" Laikin said. "Now it's 'aim, aim shoot.'" On March
30, Plainfield-based Brightpoint completed its acquisition of the U.S. and Latin American operations of Texasbased rival CellStar
Corp....
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August 13, 2007
Ken SkarbeckThere is an ancient Chinese proverb that says, "May you live in interesting times." The saying possesses a sort of electric
connotation, with hopes that one experiences an exciting lifetime. Yet in the historical use of this proverb, the interpretation
of "interesting times" hasn't always meant "good times," with some recitals implying "dangerous times." For investors, our
times are certainly interesting. We have a global economy that is booming. Economic growth across the planet has never been
in such harmony....
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August 13, 2007
Scott OlsonWith the state in an uproar over soaring property taxes, some have wondered whether phasing out Indiana's business inventory
tax was a good idea. The phase-out process began in 2002 before completely eliminating the inventory tax this year, taking
with it roughly $380 million in tax revenue shared annually by local governments. Supporters of the move insist lawmakers
made the right decision. And they say Indiana has become more attractive to business as a result. Marion County property-tax
bills were...
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August 6, 2007
Morton MarcusThere are two books I want to call to your attention. They are both written by Hoosiers and are both vitally important to
Indiana at this time. But this column, again, must be about property taxes because that is the compelling issue of the day.
One book is "I Never Worked a Day in My Life," by Bill Haeberle, the retired IU business professor who has started and aided
hundreds of businesses. The other is "Performance is the Best Politics,"...
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August 6, 2007
J.K. WallLocal startup My Health Care Manager has found a faster way to get its elder-care message out. It has persuaded five local
employers to direct their workers to My Health Care Manager if they need help finding and coordinating care for one of their
aging parents. As of Aug. 1, law firms Barnes & Thornburg, Ice Miller and Hall Render Killian Heath & Lyman, accounting firm
Katz Sapper & Miller and the Indianapolis office of the Publicis advertising firm all...
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July 30, 2007
Chris O'MalleyJeff Stoops' big-rig truck and trailer inventory is worth tens of millions of dollars--a number that might leave the city's
cult-of-personaltiy car dealers speechless, or questioning their manhood.
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July 23, 2007
Chris O'MalleyThe Indianapolis Airport Authority's management contract with British firm BAA unceremoniously expired July 15, and authority
officials taking the helm for the first time since 1995 say they're confident they are prepared to continue to innovate as
they prepare to open a new terminal.
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July 16, 2007
Morton MarcusSome people believe the Fourth of July grants them liberty to disturb the night with their firecrackers. My pursuit of happiness
is in conflict with theirs and I want them jailed. We all gladly infringe on the liberties of others while in pursuit of our
own happiness. For example, should motorcyclists wear helmets? Yes, if all of us expect to pay their hospital bills (through
higher premiums) and maintain them on disability after they have head injuries that might be...
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July 2, 2007
Scott OlsonThe burgeoning number of immigrants arriving in Indianapolis have a new source available to help them navigate unfamiliar
surroundings and the kaleidoscope of social support systems available. The Immigrant Welcome Center is a program launched
in October that uses volunteers dubbed "natural helpers" to link foreign newcomers to such basic needs as health care, government
and transportation services. Although the effort is nearly 9 months old, it's just now getting up to speed as organizers are
interviewing candidates to lead...
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July 2, 2007
Chris O\'malleyIf a downtown-to-Fishers mass transit system ever happens, its first stop-figuratively, at least-will be at the Statehouse.
There, at least one legislator could be influential in getting the state's help toward building a system that could cost upwards
of $1.5 billion, depending on the type of transit vehicle used. Rep. Terri J. Austin, D-Anderson, who chairs the House Roads
and Transportation Committee, plans to convene a summer study committee in August that will look at the state's future in
mass...
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June 25, 2007
Chris O\'malleyWith little effort, IndyGo may well pack buses on a new route starting in September from Fishers to Indianapolis. After all,
the hellish commute on interstates 69 and 465 is its own best advertising for taking the bus. But while full loads each morning
to big employment center Indianapolis are one thing, how about when the bus heads back to Fishers to pick up another load
for the inbound commute? "It's like a trucking firm. You want to have full...
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June 18, 2007
Amanda GetchelAfter 47 years of relative anonymity, the Indiana Transportation
Museum is steaming ahead with an effort to increase its visibility, attract new riders and eventually grow the organization.
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June 18, 2007
Chris O'MalleyBetter air access to Western cities key to Indiana's technology and bioscience industries is high on the wish list for executives
and travel managers who responded to a survey commissioned by Indianapolis International Airport.
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June 18, 2007
Ed CallahanService offers household help for elderly, infirm Julie Sullivan's "a-ha" moment came when she was trying to coordinate home
care for her elderly grandfather in Huntington while she was in Indianapolis. Even though, as a supervisor at Visteon, she
had significant control over her schedule, Sullivan said she couldn't visit as often as she needed. "I thought, 'My word,
what does the rest of the world do?'" she said. So Sullivan set out to help, starting a local franchise of...
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June 18, 2007
Peter SchnitzlerBanker Steve Tolen is attempting to resuscitate the electric car. Tolen believes conditions are ripe for an upstart automaker
to launch a safe battery-powered vehicle capable of rapid acceleration, highway speeds and over 100 miles of distance between
charges.
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June 11, 2007
Scott OlsonThe road Indiana is traveling to help the nation reduce its dependence on foreign oil could be in for a bumpier ride than
even the worst Hoosier highways. Indiana is at the epicenter of the renewable fuels movement and has provided economic incentives
for the construction of a dozen new ethanol plants, four of which should be operating by the end of the year. Annually, the
380 million bushels of corn that will be used to make more than 1...
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June 11, 2007
Julie VincentLocal women forge a path to the top in health care management Health care is the second-fastest-growing sector of the U.S.
economy, employing more than 12 million workers, according to the National Institute for Occupational Safety and Health. Women
make up nearly 80 percent of the health care work force, and increasingly they're moving into the executive ranks. Locally,
St. Vincent Indianapolis Hospital, Riley Hospital for Children and Noblesville's Riverview Hospital all have women at the
helm. And women hold top...
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June 11, 2007
Brian WilliamsHubert Humphrey once noted that "the moral test of government is how it treats those who are in the dawn of life, the children;
those who are in the twilight of life, the elderly; and those who are in the shadows of life, the sick, the needy and the
handicapped." Our population continues to age. The number of seniors in Indianapolis is on the threshold of doubling-from
95,500 in 2000 to 187,500 in 2040. Therefore, it is incumbent on us...
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June 4, 2007
Morton MarcusI was delighted to receive a new disc from the U.S. Bureau of Economic Analysis containing the latest annual data on economic
conditions in every county in the nation. Now I have a more detailed picture of how our state functions and is changing. For
example, the daily flows of commuters between counties within and outside Indiana are essential to our economic health. By
commuting, Hoosier workers find better jobs and firms get the best workers. Commuting is easier when...
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June 4, 2007
-Della PachecoAFTER HOURS LAURA WILSON Being prepared is more than a Scouting slogan Longtime Boy Scouts volunteer Laura Wilson learned
firsthand the importance of the scouts' motto-"Be prepared." A vice president of com munications at the Indiana Bankers Association,
Wilson accompanied her two sons on a camping trip last year to New Salem, Ill., where the scouts went on a nearly 20-mile
hike on the Lincoln Pilgrimage trail from New Salem to Springfield. Later that night, she learned the hard way...
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May 28, 2007
It's been 15 months since Central Indiana Corporate Partnership CEO Mark Miles wrote in these pages that he felt like Rip
Van Winkle when he returned to the city after being away for 15 years. Miles has done anything but sleep since he got back.
Neither has the CICP board of directors. That group should be congratulated for making an outstanding choice of a new leader
and for taking bold steps forward. This seems to have been a perfect match...
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May 21, 2007
Don AltemeyerA recent article in Strategy+business magazine estimated that "the world's urban infrastructure needs a $41 trillion makeover"
between now and 2030. The article explained that $41 trillion is roughly equivalent to the "2006 market capitalization of
all shares held in all stock markets in the world." Some experts think that "new technology" will be the answer, and it may
be when nanotechnology takes over the world. For now, however, the trend usually reinforces the trend, and we do the same...
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May 21, 2007
Julie YoungAfter a stint in public accounting, Whetzel went to work for Fleming Packaging Co., a firm that duplicated and distributed
videotapes. After taking some losses on a couple of projects, the owners of Fleming didn't see the potential for video duplication
and distribution, so Whetzel and business partner Charlie Seldon bought the company in 1991. Doing the deal wasn't easy. "I
borrowed from family, refinanced the house, and took everything out of savings," he said. "I was dead broke and...
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May 21, 2007
Chris O'MalleyLess than two years after being driven out of Adesa Inc. as unceremoniously as a Buick down its auction lanes, James Hallett
is back behind the wheel of the nation's No. 2 wholesale vehicle-auction company.
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First, the Athenaeum is going to have to get past the hurdle with the Lockerbie residents and the agreement that the parcel would be residential. Second, and in my opinion, this prime piece of property should include parking, PLUS, a black box theater(s), some market rate and affordable artist housing and a plan to renovate and reconfigure the second story theater. I would negotiate to add the DeHaan property surface parking lot into the development mix, place a one story surface parking garage on the DeHaan lot on the street level (for the Dehaan tenants use during the daytime) and add a second story to the garage that would become an addition to the current second story theater and then change the direction of the theater by moving the stage across the alley and on top of the DeHaan lot parking. You can add all the stage elements that are currently missing from the Athenaeum stage to make it more attractive for use by Ballet, Opera and traveling productions. Plus, the theater changes would probably help solve some of the soundproofing issues. Alas,it does not seem to be a part of the strategic plan to conduct a study to determine best use of the property. Seems like the current plan is a quick and easy move that ignores the property best use/potential and any strategic property planning for the effect on future generations.
I recall that MSA's pilings are still in the ground and hard to remove. It’s not likely any proposal will include significant underground construction/parking because of this. Start adding 2 floors of retail, 8 floors of parking and 5-10 floors of possible hotel, and/or 10-20 floors of residential, and you are at 30 floors already with possible expansion of all the uses. But then again I could be wrong.
Accoriding to their website there is no deadline to the Do Not Call list. What is this article referring to??
On what planet are they entitled to this largesse from the stockholders? These people make multi-million dollar salaries: Pay for your own personal travel.
It matters because they're already paid enormously fat salaries: Pay for your own personal travel. Being "taxed on it" isn't a valid excuse--so what? They're still being gifted a raft of luxury perks from somebody else's money on top of an enormous, lavish salary.