Year in Review

Top 2012 news and newsmakers

December 29, 2012
Reflect on the biggest business news of 2012 with IBJ's complete year-in-review coverage, including a photo gallery, video highlights and A&E recap.
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LOU'S VIEWS: 2012 A&E favorites

December 28, 2012
Lou Harry
With so much to choose from, it's impossible to say what was best. Instead, here are some of my favorites of the year.
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Indiana adopts right to work

December 28, 2012
 IBJ Staff
Indiana in February became the first state in a decade to pass such a law, and it was all the more significant because of the state’s heavy concentration of manufacturing jobs and sizable union presence.
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WellPoint investors force Braly ouster

December 28, 2012
 IBJ Staff
Braly’s five-year tenure leading the Indianapolis-based health insurer was hurt by the recession but also by repeated missteps.
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In election shocker, voters bounce schools chief Bennett

December 28, 2012
 IBJ Staff
After becoming a celebrity in national education reform for spearheading sweeping changes in Indiana’s schools, Tony Bennett was bounced out of office by strong opposition from teachers, parents and their friends.
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City projects move ahead, following clash over TIF

December 28, 2012
 IBJ Staff
Mayor Greg Ballard charged forward on government-supported downtown development efforts after successfully shepherding an expansion of a TIF district over Democratic opposition.
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Digital marketer ExactTarget splashed onto NYSE

December 28, 2012
After an aborted attempt to go public in 2007, marketing software giant ExactTarget rang the bell on the New York Stock Exchange last March in an IPO that raised $162 million.
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Daniels wins presidency ... at Purdue

December 28, 2012
 IBJ Staff
About a year after deciding not to campaign for president of the United States, Gov. Mitch Daniels agreed to become the next president of Purdue University.
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Indy airport sends CEO Clark packing

December 28, 2012
 IBJ Staff
Mayor Greg Ballard apparently was unhappy with the pace of economic development at the airport under Clark. The CEO's extensive overseas travels also generated controversy.
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Bernard bounced as IndyCar Series CEO

December 28, 2012
 IBJ Staff
The ouster of Randy Bernard as IndyCar CEO led to new leadership for Hulman & Co., parent of the series and the Indianapolis Motor Speedway.
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ISO reaches new contract, launches fundraising spree

December 28, 2012
 IBJ Staff
Negotiations over musicians’ contracts hit a crescendo in September with a month-long lockout that ended when performers agreed to a shorter schedule to save money at the cash-strapped Indianapolis Symphony Orchestra.
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Developers unleash blitz of apartment projects

December 28, 2012
 IBJ Staff
Construction began or was to begin soon on dozens of projects with thousands of units, most quite upscale and aimed at one of two growing segments of the population who increasingly see no stigma in renting: aging boomers and young families.
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Judge lays into Durham, sentences him to 50 years

December 28, 2012
 IBJ Staff
Tim Durham, the Indianapolis businessman who used to dream of becoming the world’s richest man, ended 2012 broke and facing a 50-year prison sentence for orchestrating a $250 million Ponzi scheme.
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City successfully stages Super Bowl, shoots for another

December 28, 2012
 IBJ Staff
More than 1.1 million people poured into downtown Indianapolis for Super Bowl festivities in the 10 days leading up to the big game, held Feb. 5 at Lucas Oil Stadium.
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Hoosier voters tap Pence to continue Daniels' legacy

December 28, 2012
 IBJ Staff
Pence, who served in the U.S. House of Representatives since 2001, left his strident rhetoric on abortion and other social causes in Washington, D.C., as he toured Indiana in a red pickup truck and talked about his policy “Roadmap.”
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Other news: From Allison's IPO to Lugar's defeat

December 28, 2012
 IBJ Staff
Politics and real estate helped round out 2012's news of note.
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2012 NEWSMAKER: School librarian Ritz won with grass-roots campaign

December 28, 2012
 IBJ Staff
Democrat Glenda Ritz pulled off a David-versus-Goliath victory to unseat Republican Tony Bennett as Indiana’s superintendent of public instruction.
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2012 NEWSMAKER: Crime stance returns Hogsett to political spotlight

December 28, 2012
 IBJ Staff
U.S. Attorney Joseph Hogsett’s openly tough-on-crime approach has some political insiders speculating whether he’s seeking a higher office.
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2012 NEWSMAKER: Council Dem Mahern plays role of antagonist

December 28, 2012
 IBJ Staff
City-County Council Vice President Brian Mahern emerged as the chief foe of Indianapolis Mayor Greg Ballard’s redevelopment agenda.
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2012 NEWSMAKER: CEO keeps Simon stock surging

December 28, 2012
 IBJ Staff
If there were an MVP for local CEOs, David Simon would again find himself at or near the top of the list in 2012.
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2012 NEWSMAKER: Miles adds to diverse business, sports career

December 28, 2012
 IBJ Staff
Veteran executive Mark Miles now has one of the most difficult jobs in sports—putting open-wheel racing on sound financial footing.
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State's economy still stuck in neutral

December 24, 2011
The year started with a sense that slowly—not fast enough for anyone’s liking—but steadily, Indiana’s economy was coming back. But then a spike in gas prices and the never-ending sovereign debt crisis in Europe created a summer of setbacks.
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Indictment: Durham looted Fair Finance

December 24, 2011
Indianapolis financier Tim Durham was indicted on wire and securities fraud charges in March—the culmination of a federal probe that began in 2009.
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Political neophyte Ballard cruises to second term

December 24, 2011
A contentious battle for Indianapolis mayor culminated in a second term for Republican Mayor Greg Ballard, who won the race with 51 percent of the vote. His Democratic challenger, Melina Kennedy, garnered 47 percent.
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City backs string of high-profile real estate projects

December 24, 2011
The administration of Mayor Greg Ballard found its stride in the final year of its first four-year term, at least when it comes to major publicly supported real estate projects.
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  1. A Tilted Kilt at a water park themed hotel? Who planned that one? I guess the Dad's need something to do while the kids are on the water slides.

  2. Don't come down on the fair for offering drinks. This is a craft and certainly one that belongs in agriculture due to ingredients. And for those worrying about how much you can drink. I'm sure it's more to do with liability than anything else. They don't want people suing for being over served. If you want a buzz, do a little pre-drinking before you go.

  3. I don't drink but go into this "controlled area" so my friend can drink. They have their 3 drink limit and then I give my friend my 3 drink limit. How is the fair going to control this very likely situation????

  4. I feel the conditions of the alcohol sales are a bit heavy handed, but you need to realize this is the first year in quite some time that beer & wine will be sold at the fair. They're starting off slowly to get a gauge on how it will perform this year - I would assume if everything goes fine that they relax some of the limits in the next year or couple of years. That said, I think requiring the consumption of alcohol to only occur in the beer tent is a bit much. That is going to be an awkward situation for those with minors - "Honey, I'm getting a beer... Ok, sure go ahead... Alright see you in just a min- half an hour."

  5. This might be an effort on the part of the State Fair Board to manage the risk until they get a better feel for it. However, the blanket notion that alcohol should not be served at "family oriented" events is perhaps an oversimplification. and not too realistic. For 15 years, I was a volunteer at the Indianapolis Air Show, which was as family oriented an event as it gets. We sold beer donated by Monarch Beverage Company and served by licensed and trained employees of United Package Liquors who were unpaid volunteers. And where did that money go? To central Indiana children's charities, including Riley Hospital for Children! It's all about managing the risk.

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