Economic Analysis

Hicks: Fed might as well throw in the towel on easingRestricted Content

January 11, 2014
Mike Hicks
At the Philadelphia meeting of the American Economic Association, economist Charles Plosser argued that the continued quantitative easing should be quickly reduced.
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Hicks: North Korea is epitome of an economic systemRestricted Content

January 4, 2014
Mike Hicks
The U.S. economy is not a system; it is a series of markets that by their very nature cannot be organized. The People’s Republic of Korea is the contemporary bastion of economic systems; North Korea is the most centrally planned state of modern times.
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Hicks: Fed's easing plan barely makes an impactRestricted Content

December 28, 2013
Mike Hicks
The Federal Reserve’s recent decision to ease efforts to stimulate the economy were widely expected. What was unexpected about the announcement was just how minimal the changes were.
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Hicks: How to cut labor costs? Improve quality of lifeRestricted Content

December 21, 2013
Mike Hicks
Attractive regions will attract households with greater location choices. These households will inevitably be better educated and command a higher income. However, all things being equal, workers in these places will not require quite as high a wage to live in these places as they would to live in a less-desirable place.
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Hicks: Hoosiers get bargain with IEDC, study showsRestricted Content

December 14, 2013
Mike Hicks
Over the past few weeks, the research center in which I work published three studies evaluating the role of economic development programs in Indiana. The results held surprises and some not-so-surprising findings.
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Hicks: Health reform among forces stifling economyRestricted Content

December 7, 2013
Mike Hicks
Over the next couple of weeks, I will be traveling to many of Indiana’s cities to explain my 2014 economic forecast. I will tell audiences that the national economy will perform poorly, and that we will not return to pre-recession employment numbers this year.
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Hicks: Economic geography changed with labor

November 30, 2013
Mike Hicks
In 1940, vibrant cities had big factories, rail yards and lots of associated workers. In 2010, vibrant cities had lots of people in many occupations whose product is mostly consumed locally. This doesn’t mean there aren’t a few fantastic towns with factories, but it is the vibrant town that ultimately makes the difference.
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Hicks: Let's debate gay marriage in our homes

November 23, 2013
Mike Hicks
I have written that the marriage amendment is a poor use of our legislators’ time, but I believe we should have an honest discussion about the matter.
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Hicks: News media often misread rotten job numbersRestricted Content

November 16, 2013
Mike Hicks
At first blush, 200,000 new jobs noted in the latest jobs report would be welcomed news, as it is almost half the number of jobs we need each month to return labor markets to normalcy by the end of the decade. Alas, the Department of Labor publishes much more detailed data, and in that lurk dark shadows of a still-stagnant economy.
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Hicks: A different 1 percent pack a big influenceRestricted Content

November 9, 2013
Mike Hicks
Veterans of our large wars have returned to remake the world. The more recent wars have been fought by a mix of regular and citizen soldiers, and so I believe will leave a lasting mark on our nation.
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Hicks: Better ways to help minimum-wage workersRestricted Content

November 2, 2013
Mike Hicks
Much of the rhetoric about the costs and benefits of the minimum wage is pure bunk. Life as an adult minimum-wage worker is tough, but not because of salaries.
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Hicks: Odds of Affordable Care Act failure keep risingRestricted Content

October 26, 2013
Mike Hicks
It is far too early to call the rollout of the Affordable Care Act a failure; most new programs have rocky starts. But this one has most of the signs of inevitable failure. If the situation doesn’t remedy itself quickly, the complete redo of the law will be hastened considerably.
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Hicks: Economists don't know why economy is ailingRestricted Content

October 19, 2013
Mike Hicks
The first slowdown seems to have been at least partially remedied by the Federal Reserve’s massive purchase of assets known as quantitative easing, the most recent of which was accompanied by a marked short-term improvement in the economy. That improvement seems to have run its course.
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Hicks: Welcome this debate, even if it ain't prettyRestricted Content

October 12, 2013
Mike Hicks
Voters' expressing only anger and frustration over D.C. politics simply won’t do. It is intellectually lazy, cowardly and un-American to wish that everyone should settle their argument like this is a school playground.
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Hicks: Sometimes it's about spending, not taxesRestricted Content

October 5, 2013
Mike Hicks
No matter the result of last week’s budget debate, we are in need of a serious discussion about tax and spending policy.
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Hicks: We'll spend more and more on health careRestricted Content

September 28, 2013
Mike Hicks
Like most Americans, I am confused by the ACA. I don’t have a spare couple of months to read it in its entirety, but am certain there are things about it I will like and some I will detest. On balance, though, it is increasingly clear that it will require Herculean fixes.
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HICKS: Yellen understands the Fed's conflicting rolesRestricted Content

September 21, 2013
Mike Hicks
With Janet Yellen as the clear front runner for Federal Reserve chairwoman, rampant speculation regarding her approach to monetary policy fills blogs and editorials.
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HICKS: Now is not the time to backtrack on school reformsRestricted Content

September 14, 2013
Mike Hicks
My local paper recently published an opinion piece criticizing virtually all recent education reform efforts, including those by the Bush, Obama, Daniels and Pence administrations. The piece was naively rich with irony.
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Hicks: Incomes won’t rise until communities improveRestricted Content

September 7, 2013
Mike Hicks
Indiana has many fine communities with good schools and great local amenities. High-earning households are eager to live in these communities, and businesses flock there to obtain access to those workers and consumers. Indiana also has many poor communities with weak schools and few amenities. Households and businesses flee such places.
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Hicks: Blame labor's collapse on its own successesRestricted Content

August 31, 2013
Mike Hicks
The decline of the American labor movement is startling. In only 50 years, membership has dropped 80 percent. No mainstream American institution of note has dissipated at this pace before. Today, more Americans receive disability payments than belong to private-sector unions.
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Hicks: Antitrust suit rests on decades of traditionRestricted Content

August 24, 2013
Mike Hicks
The attempt by the Department of Justice to block the merger of American Airlines and U.S. Airways offers a glimpse into one of the great public policy innovations of the past couple of centuries: American anti-trust law.
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Hicks: Education debate shouldn't matter to studentsRestricted Content

August 17, 2013
Mike Hicks
Higher education is undergoing a metamorphosis. Cost-saving measures such as online learning and the ubiquity of technology might seem to make today’s undergraduate experience vastly different from their forbears'. That is a mirage. The most essential elements of an education are unchanged.
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Hicks: Two excellent choices for Bernanke successorRestricted Content

August 10, 2013
Mike Hicks
A great debate under way regarding the successor to Federal Reserve Chairman Ben Bernanke seems to come down to economists Lawrence Summers or Janet Yellen. The debate is full of interesting insight but it’s the immediate challenges of the Fed that matter more.
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Hicks: Stamp out mediocrity in education collegesRestricted Content

August 3, 2013
Mike Hicks
Over the past two years, Indiana has replaced licensing and compensation rules for public schoolteachers that required degrees exclusively from teachers colleges.
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Hicks: China's economy colliding into great wallRestricted Content

July 27, 2013
Mike Hicks
For more than three decades, China’s economy has dazzled observers, with annual growth frequently sneaking into double digits. But the wide-eyed narrative of boundless wealth that has accompanied this growth is suffering a couple of hiccups.
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  1. A couple of issues need some clarification especially since my name was on the list. I am not sure how this information was obtained and from where. For me, the amount was incorrect to begin with and the money does not come to me personally. I am guessing that the names listed are the Principal Investigators (individual responsible for the conduct of the trail) for the different pharmaceutical trials and not the entity which receives the checks. In my case, I participate in Phase II and Phase III trials which are required for new drug development. Your article should differentiate the amount of money received for consulting, for speaking fees, and for conduct of a clinical trial for new drug development. The lumping of all of these categories may give the reader a false impression of physicians just trying to get rich. The Sunshine Law may help to differentiate these categories in the future. The public should be aware that the Clinical Trial Industry could be a real economic driver for Indiana since these revenues supports jobs and new job creation. Nationally, this account for 10-20 billion which our State is missing out on to a large degree. Yes, new drug and technology development has gotten most of the attention (e.g. CTSI, BioCrossroads, etc.) However, serious money is being left on the table by not participating in the clinical trials to get those new drugs and medical devices on the market!!!! I guess that this is not sexy enough for academia.

  2. The address given for the Goldfish Swim Club is the Ace Hardware, is it closing?

  3. Out of state management and ownership. If Kite controlled it, everything would be leased. Of course, due to the roundabout, there is limited access to the south side of 116th now also. Just have to go down to the light.

  4. Hey smudge, You're opposed to arresting people for minor crimes? Sounds great! We should only focus on murders and such, right? Let's stand around and wait until someone shoots someone before we act. Whatever we do, we should never question anyone, frisk anyone, or arrest anyone unless they are actively engaged in shooting or stabbing. Very sound!

  5. You guys are being really rude to gays in the comments. (Not all of you, I presume). You need to stop it. Gays have just as much of a right to marry as straight people do. It's not fair how you guys are denying them equal rights. They're acting more human than you'll ever be. We obviously haven't matured since the bible was last updated. Hate the sin, not the sinner. You've all committed a sin at least once in your life. You've lied, you've stolen, etc. (Those are just possibilities). We should have a planet for people that support gay rights and a planet for people that don't. Then, gay people could get married without you bigots interfering with their love life. How would you feel if straights couldn't get married? How would you feel if teenagers were afraid to come out to their parents as straight? If straight people got hate everywhere they went? If straight people were afraid to go out in public, because they feared being judged? It's never going to happen at the rate society is going. You haven't seen the side of me where I act obscene. You're glad my inner demon hasn't been released. I would, but oh no, my comment would be removed because of my very strong emotions about this subject. I love gays, and love how they show their affection for each other. I just ADORE how a state is going to give same-sex couples a marriage license, then changes their mind. (I was obviously being sarcastic there). I just LOVE how society thinks gays are an abomination to our society. You're caring about marriage between two men or two women. That's a small thing. Just grow up, and let them marry. Let them live their lives. You can't make them change their sexuality. You can't make them change their lifestyle. In my opinion, gays are more than welcome to marry. Please, grow up and realize that people should be allowed to marry, even if it's same-sex marriage. You guys are saying that "the bible said gay marriage is wrong." Well, guess what else is wrong? Read Matthew:7 and you'll find out. (I am in no way breaking that. I am saying a fact). I'm stating that gays have just as much of a right to marry as straights do. (:

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