Year in Review
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.
MoreIndictment: 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.
MorePolitical 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.
MoreCity 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.
MoreManning's neck injury sends Colts into tailspin
December 24, 2011
The Indianapolis Colts won their first game of the 2011 season on Dec. 18—nearly an entire year after they racked up
their last victory.
MoreBattle over right-to-work bill derails legislative session
December 24, 2011
Advancement of right-to-work legislation during this year’s legislative session caused Indiana House Democrats to flee
to Urbana, Ill., where they remained for 36 days in what became the longest walkout in Indiana history.
MoreGOP-controlled Legislature overhauls K-12 education
December 24, 2011
This year saw the most sweeping changes to public education since the approval of teachers’ unions in 1973.
MoreReal estate meltdown leaves developers reeling
December 24, 2011
It was another rough year for the real estate sector in 2011, as the homebuilder Estridge filed for bankruptcy, strip-center
specialist Broadbent struggled to hold onto its headquarters, and Centre Properties faced a $43 million foreclosure suit.
MoreSpate of Indiana firms lines up for IPOs
December 24, 2011
The highest-profile Hoosier initial public offering was staged by Angie’s List Inc., the online provider of consumer
reviews. The Indianapolis-based company raised $76 million by selling new shares, and existing stockholders raked in another
$31 million by selling some of their holdings.
MoreRolls-Royce relocates 2,500 jobs to downtown
December 24, 2011
The aircraft-engine maker will occupy Eli Lilly and Co.’s former Faris Campus on South Meridian Street, which is being
renamed the Rolls-Royce Meridian Center.
MoreOpenings launch new era for Indianapolis tourism
December 24, 2011
The $275 million Indiana Convention Center expansion was completed in January, and the 1,005-room JW Marriott opened the following
month.
MorePatent expirations up pressure on Lilly
December 24, 2011
Eli Lilly and Co. lost patent protection on its $5-billion-a-year best-seller Zyprexa in October, plunging the company into
the long-awaited zone of uncertainty that it calls “Years YZ.”
MoreLas Vegas calamity saps IndyCar momentum
December 24, 2011
IndyCar Series CEO Randy Bernard racked up a number of accomplishments early in 2011 but was buffeted by challenges late in
the year—most notably a crash at a Las Vegas race in October that left one driver dead and the future of the series
mired in uncertainty.
More2011 NEWSMAKER: Simon collects big raise, takes on Amazon.com
December 24, 2011
Simon Property Group Inc. signed an employment agreement with CEO David Simon that will keep him as head of the Indianapolis-based
company the next eight years.
More2011 NEWSMAKER: Melangton gears up for Indy's big game
December 24, 2011
Indianapolis Super Bowl Host Committee CEO Allison Melangton began 2011 with a trip to Dallas to see firsthand how the NFL
pulls off its big game.
More2011 NEWSMAKER: Daniels declines presidential bid
December 24, 2011
Supporters of Indiana Gov. Mitch Daniels were disappointed when he announced May 22 that he would not seek the Republican
nomination for president.
More2011 NEWSMAKER: Eugene White in crosshairs as reformers target IPS
December 24, 2011
There’s a pitched battle under way in K-12 education as reform advocates and charter schools challenge traditional institutions
such as teachers’ unions and education schools.
MoreConstruction, manufacturing may lead economic recovery
December 24, 2010
Kathleen McLaughlinThe recession came to an official end 18 months ago, but Indiana’s unemployment rate hovered around 10 percent.
MoreWellPoint helps usher in health care reform
December 24, 2010
J.K. WallPresident Obama revived the health care reform bill by seizing on news of sharp premium hikes on individual customers by Indianapolis-based
WellPoint Inc.
MoreClarian moves forward with downtown expansion
December 24, 2010
J.K. WallClarian Health, after the 2008 financial meltdown forced it to halt its aggressive building campaign, put the hard hats back
to work in 2010.
MoreBattle breaks out over Mel Simon fortune
December 24, 2010
Cory SchoutenA long-simmering Simon family feud went public as members of one of the city’s most prominent families battled in a
Hamilton County courtroom over the $2 billion estate of mall magnate Melvin Simon.
MorePacers, city negotiate $33M deal
December 24, 2010
Anthony SchoettleThe Indiana Pacers will stay put in Conseco Fieldhouse at least through 2012, thanks to a three-year deal approved July 16
by the city’s Capital Improvement Board.
MoreBallard to raise millions through utility, meter deals
December 24, 2010
Francesca JaroszIn the spring, Mayor Greg Ballard introduced a plan to sell the city’s water and sewer utilities to Citizens Energy
Group, the public charitable trust that owns Citizens Gas. About six months later, he rolled out a deal to lease the city’s
parking meters to a private operator.
MoreBayh throws Democrats into a tizzy
December 24, 2010
Francesca JaroszThe political world trembled on Feb. 15, when Indiana’s Democratic U.S. senator, Evan Bayh, announced he would not seek
a third term.
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Members must realize if you stop paying your dues you will lose. Why else would your employer honor the rtw bill. Before you take this step think about what you may be giving up in the long run. Very little of your dues money goes to any dem candidate. YOu will never know how much your republican employer gives his party with money he could be paying the employee. Who will step up and demand better wages or benefits if you have no representation. Union is the way for a better life. Our carpenter union offers a 4 year apprenticeship and 2 year degree from Ivy Tech all paid for with union dues . This is a great opportunity for kids who cant afford schooling after high school. The same opportunity is there for any person,any age, either sex to provide a better living for their family. Pension, anuity, health insurance all for your dues. How is this a bad choice.
The FDIC is funded by assessments paid by banks, not taxpayers. That is not to say that bank customers don't ultimately pay the cost because, in the end, banks don't survive if they don't make profits.
SCB Bank's failure is expected to cost the government $33.9 million,dont you mean middle class another bailout our government has no money
Diogenes, the company did not call "pro-life" statements inflammatory. The IBJ article used the words "pro life."
All, the company did, is what it should do which is apologize profusely for offending people with a program that offered statements that support an infamous apartheid proponent, Dr. Verwoerd, suggest that sometimes rape is justified, and quote Biblical text to people, not looking for it.
If this is what you think is "insanity" then more companies need to behave insanely.
I totally disagree with $45mil being given to the state Attorney General's office. That money is a waste. All of the money should go to help the homeowners & the people who were foreclosed on. Why such a big percentage to state govt? They'll get to start another agency staffed with people who have new-found power & don't care about the people they serve. As soon as the program was announced, I knew the states would end up with a huge chunk of the money for themselves that would just be squandered. Or maybe Mitch Daniels will just happen to "find" another big chunk of money that was "posted in the wrong section of the state's books."