AP News

Deadline arrives for Indiana fair disaster claims

August 1, 2012
Associated Press
Victims of the deadly stage collapse at the Indiana State Fair faced a Wednesday deadline to make claims against a $13.2 million settlement offer from the state and two private companies, but it could be weeks before they learn their share of the money and even whether the deal will go forward.
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N.C. regulators hire law firm to probe Duke Energy

August 1, 2012
Associated Press
North Carolina utilities regulators said Wednesday they have hired a former federal prosecutor with experience digging into corporate affairs to reveal whether regulators were misled ahead of a takeover that created America's largest electric company.
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Former city official takes top job at Indiana ACLU

August 1, 2012
Associated Press
Jane Henegar, who was Indianapolis' deputy mayor from 2000 to 2006 under then-Mayor Bart Peterson, is the new executive director of the American Civil Liberties Union of Indiana.
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Indiana backs off defense of new immigration law

July 31, 2012
Associated Press
The state attorney general's office said Tuesday that it no longer will defend most of the disputed portions of Indiana's new immigration law, as they were rendered invalid when the U.S. Supreme Court struck down similar parts of an Arizona law in June.
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Pence seeks tax cut; Gregg equal pay for women

July 31, 2012
Associated Press
Indiana gubernatorial candidates John Gregg and Mike Pence both want to help working Hoosiers, but on Tuesday proposed different ways to do it.
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Judge won't dismiss charge against ex-utility boss

July 31, 2012
Associated Press
A judge has refused to dismiss an official misconduct charge against Indiana's former top utility regulator, David Lott Hardy.
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Small farmers struggle as drought kills vegetables

July 31, 2012
Associated Press
Small fruit and vegetable farmers throughout the Midwest are struggling with unusual heat and a once-in-decades drought. Some have lost crops, and sales at farmers markets are down.
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Democratic report blasts for-profit colleges; ITT stock sinks

July 30, 2012
Bloomberg News, Associated Press
For-profit colleges put revenues above education, and charge students high tuition and loan rates that could leave them in debt for years, a Senate Democratic report said Monday. Stock in for-profit colleges tumbled after the report.
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Legal drama over Duke Energy merger lingers

July 30, 2012
Associated Press
The investigations into whether regulators and consumers were misled in the run-up to the merger of North Carolina's two Fortune 500 energy companies could continue quietly for months after a deadline arrives next week.
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Ivy Tech revs up for new automotive program

July 29, 2012
Associated Press
An Indiana college is revving up an intense new automotive program designed to increase graduation rates and help students earn technical certificates in less time.
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McKesson to pay $151M to settle drug-pricing suit

July 27, 2012
Associated Press
Twenty-nine states, including Indiana, have reached a $151 million settlement in a lawsuit alleging one of the country's largest drug wholesalers inflated prices for hundreds of prescription drugs, officials said Friday.
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U.S. economic growth slowed to 1.5 percent in 2nd quarter

July 27, 2012
Associated Press
The 1.5-percent growth rate in the second quarter was the weakest since the economy expanded at a 1.3-percent rate in the July-September quarter last year. The U.S. economy has never been so sluggish this long into a recovery.
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Turf painting spreads as drought ravages lawns

July 27, 2012
Associated Press
With two-thirds of the nation covered by a drought that stretches from coast to coast, residents and businesses in normally well-watered areas are catching on to the lawn-painting practice employed for years in the West and Southwest to give luster to faded turf.
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State fair exec shadowed by tragedy

July 27, 2012
Associated Press
Cindy Hoye's life has revolved around fairs since she was a child growing up just 10 minutes from the Indiana State Fairgrounds, but for the past year, that lifelong love has been tainted by tragedy.
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Indiana House Dems boot Bauer, install Lawson as leader

July 26, 2012
Associated Press
Members of the state's Democratic caucus voted to replace longtime leader Rep. Patrick Bauer on Thursday amid criticism over how he's handled campaign fundraising and spending heading into the November elections. Rep. Linda Lawson of Hammond was chosen as his replacement.
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Elkhart factory to close by 2013, costing 210 jobs

July 26, 2012
Associated Press
Auto-parts maker Gunite Corp. plans to move its manufacturing operations to Rockford, Ill., phasing out Elkhart workers beginning in late September.
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Hill-Rom stock swoons after $400M acquisition

July 26, 2012
Associated Press
Investors reacted negatively Thursday after medical equipment and hospital bed maker Hill-Rom Holdings Inc. on Wednesday said it was acquiring Aspen Surgical Products for $400 million.
More

Agency blames caseworker turnover on pay, scrutiny

July 25, 2012
Associated Press
Indiana's Department of Child Services on Wednesday blamed a combination of low pay and job stress stemming from media coverage of the agency for an increasing turnover rate among child caseworkers.
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Audit of $526M in state tax errors could take months

July 25, 2012
Associated Press
Representatives of the accounting firm Deloitte told Indiana budget leaders their assessment of what needs to be audited could last through August. The audit itself could take months longer after that.
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Bauer says he won't resign, urges Democratic unity

July 25, 2012
Associated Press
House Minority Leader Patrick Bauer held a Statehouse news conference Wednesday amid reports his caucus would meet Thursday in Lafayette to vote to remove him as its leader.
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Environmental groups lose in bid to stop I-69

July 25, 2012
Associated Press
A federal judge has ruled against opponents of the $3 billion Interstate 69 extension between Indianapolis and Evansville who claimed the U.S. Army Corps of Engineers violated federal law.
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Republicans open fire on Gregg in race for governor

July 24, 2012
Associated Press
Indiana Republicans opened a line of attack on Democratic gubernatorial candidate John Gregg on Tuesday with the argument that he spent too much of the state's money during his time in the General Assembly.
More

Indiana lawmaker seeks to close voucher law loophole

July 24, 2012
Associated Press
A state lawmaker plans to sponsor a bill seeking to close a loophole that bars the children of some military families from taking part in Indiana's school voucher program.
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Simon boosts dividend, outlook after strong second quarter

July 24, 2012
 IBJ Staff and Bloomberg News
The Indianapolis-based mall giant is benefitting from robust demand for space from retailers in the United States. It's also ratcheting up growth by investing overseas.
More

Indiana farmers unload livestock as drought continues

July 23, 2012
Associated Press
The ongoing drought is taking its toll on Indiana livestock farmers as they liquidate their inventories.
More
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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

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