Economic Analysis

Improving livability is economic developmentRestricted Content

March 16, 2009
Mike Hicks
I am often asked the seemingly simple question, "Just what is economic development?"
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Answer to stimulus formula equals inflationRestricted Content

March 9, 2009
Mike Hicks
When economists worry about the health of the banking system, it is primarily because we are concerned with a stable velocity of money.
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Market, not bailouts, should stimulate refinancingsRestricted Content

March 2, 2009
Mike Hicks
Markets, no matter how imperfect, not government programs, manage the economy.
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CAFE standards not as effective as gasoline taxRestricted Content

February 23, 2009
Mike Hicks
The Obama administration recently reversed a Bush-era policy that prevented states from imposing some of their own environmental policies with respect to corporate average fuel efficiency, or CAFE, standards.
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Stimulus just way too big to spend this yearRestricted Content

February 16, 2009
Mike Hicks
After much debate, the U.S. House and Senate have come together on a stimulus package. Whether it will work remains to be seen. And the long-term impact of spending nearly $800 billion is a big concern.
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Unemployment data paints worrisome pictureRestricted Content

February 9, 2009
Mike Hicks
The most recent data on the U.S. economy continues to be worrying, but a little context remains helpful.
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Proposed fiscal stimulus package has high costsRestricted Content

February 2, 2009
Mike Hicks
Expeditious and clever spending on roads, infrastructure and, in the half-dozen states where it is possible, a tax cut will determine the success of the stimulus plan.
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'Sticky prices' help explain reasons behind downturnRestricted Content

January 26, 2009
Mike Hicks
Many folks have noted that gasoline and food prices have come down more slowly than they rose. Economists call these "sticky prices," and they are a lot like the extra pounds many of us packed on during the holiday —they come off a lot more slowly than they came on.
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New leadership brings hope and challengesRestricted Content

January 19, 2009
Mike Hicks
Growing up in the Washington, D.C., area, I always recognized the importance of Inauguration Day. Schools were canceled, and it was my younger brother's birthday. A new presidency was always a celebration.
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Speed is critical to success of stimulus planRestricted Content

January 12, 2009
Mike Hicks
All the serious talk in Washington for the next few weeks will center on an economic stimulus package. Up to now, the argument has been for an extensive (perhaps a $1 trillion) program.
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College-affordability debate focusing on wrong issuesRestricted Content

January 5, 2009
Mike Hicks
College affordability has gained a lot of attention over the past few years, but I am not sure that the simple focus on costs is the right way to think about the problem.
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UAW in tough spot as automakers seek concessionsRestricted Content

December 29, 2008
Mike Hicks
A federal bailout for automakers Chrysler and General Motors won't fix their problems. I think a bankruptcy of these companies is nearly inevitable. It might also spell the demise of the UAW.
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Economist puts present economy in historical perspectiveRestricted Content

December 22, 2008
Mike Hicks
The clouds of darkness will pass, fear will be removed, and the light of the season will linger in those who seek it.
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Steepest job losses of recession are occurring nowRestricted Content

December 15, 2008
Mike Hicks
Ball State University's Indiana econometric model predicts that earnings in all of Indiana's major economic sectors except health care will decline in the next three months.
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Worst fallout to come in waning days of recessionRestricted Content

December 8, 2008
Mike Hicks
The Dec. 1 announcement by the Business Cycle Dating Committee of the National Bureau of Economic Research officially dated the recession back to the fourth quarter of 2007.
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Communities making tough choices will be better offRestricted Content

December 1, 2008
Mike Hicks
During the coming weeks, a number of Indiana cities and counties will be coming to terms with their new budget realities.
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Thanksgiving a time to reflect and cherish memoriesRestricted Content

November 24, 2008
Mike Hicks
Holidays are great fun, but Thanksgiving brings the most memories.
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Changes in public policy don't get at root of povertyRestricted Content

November 17, 2008
Mike Hicks
The fixes for poverty, and low-wage workers, are hard, deliberate and done family by family. This is why the cost of the welfare program reforms implemented in 1996 didn't plummet with lower enrollment.
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Economists research, analyze trendsRestricted Content

November 10, 2008
Mike Hicks
Most economists spend some time teaching, but the vast majority of our time is spent doing research.
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Vote only if you've studied the issues carefullyRestricted Content

November 3, 2008
Mike Hicks
If you haven't learned about the crucial issues that our country and state face, don't vote.
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  1. John, unfortunately CTRWD wants to put the tank(s) right next to a nature preserve and at the southern entrance to Carmel off of Keystone. Not exactly the kind of message you want to send to residents and visitors (come see our tanks as you enter our city and we build stuff in nature preserves...

  2. 85 feet for an ambitious project? I could shoot ej*culate farther than that.

  3. I tried, can't take it anymore. Untill Katz is replaced I can't listen anymore.

  4. Perhaps, but they've had a very active program to reduce rainwater/sump pump inflows for a number of years. But you are correct that controlling these peak flows will require spending more money - surge tanks, lines or removing storm water inflow at the source.

  5. All sewage goes to the Carmel treatment plant on the White River at 96th St. Rainfall should not affect sewage flows, but somehow it does - and the increased rate is more than the plant can handle a few times each year. One big source is typically homeowners who have their sump pumps connect into the sanitary sewer line rather than to the storm sewer line or yard. So we (Carmel and Clay Twp) need someway to hold the excess flow for a few days until the plant can process this material. Carmel wants the surge tank located at the treatment plant but than means an expensive underground line has to be installed through residential areas while CTRWD wants the surge tank located further 'upstream' from the treatment plant which costs less. Either solution works from an environmental control perspective. The less expensive solution means some people would likely have an unsightly tank near them. Carmel wants the more expensive solution - surprise!

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