Economic Analysis

HICKS: No lying, just bad news, in U.S. job numbersRestricted Content

October 13, 2012
Mike Hicks
Let me dispel the myth of a conspiracy to rig unemployment numbers. I have two reasons to know these data are not contrived.
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HICKS: Bernanke sheds light on Fed during Indy speechRestricted Content

October 6, 2012
Mike Hicks
Federal Reserve Chairman Ben Bernanke spoke in Indianapolis on Oct. 1, and I was lucky enough to sit with a group of smart folks during his talk. I found three elements particularly interesting.
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HICKS: Immigration brings hope to the MidwestRestricted Content

September 29, 2012
Mike Hicks
No new business employing U.S. citizens will heal urban decay in many Midwestern cities.
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HICKS: Teach teachers to value performance evaluationsRestricted Content

September 22, 2012
Mike Hicks
If schools are to get better—and they must—we’ll have to ask more of teachers, parents and students as well as taxpayers.
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HICKS: Corporate greed an easy target for criticismRestricted Content

September 15, 2012
Mike Hicks
A reader recently suggested that I write a critique of corporations akin to that offered for unions. That is a fine idea, so I will begin with a couple of points:
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HICKS: Global slowdown makes its way to WyomingRestricted Content

September 8, 2012
Mike Hicks
Federal Reserve Chairman Ben Bernanke recently spoke of a slowing world economy at the annual fete of world economists in Jackson Hole, Wyo. His speech was the typical measured prose of someone whose choice of adverbs has the capacity to send markets diving. However, to an experienced listener, two interesting tidbits emerged.
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HICKS: Observing the transformation of unions on Labor Day Restricted Content

September 1, 2012
Mike Hicks
In this column, on a sunny Labor Day five years past, I asserted that the American labor movement was dead. Given what has transpired since, it would appear my diagnosis was a bit optimistic.
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HICKS: The arts matter ... when art lovers are freeRestricted Content

August 25, 2012
Mike Hicks
The measurement of value in an artistic endeavor will always lie in the hearts of men and women.
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HICKS: College diplomas are worthless, but education pricelessRestricted Content

August 18, 2012
Mike Hicks
This week, students are arriving at my university and others. I believe this is a good time to say something both provocative and nuanced: A college diploma is virtually worthless.
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HICKS: All this clucking over chicken reveals fallaciesRestricted Content

August 11, 2012
Mike Hicks
The hullabaloo over gay marriage and Chick-fil-A exposes three astonishing falsehoods of modern political economy that distract us from weightier issues.
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HICKS: Reflecting on a half century of economic growthRestricted Content

August 4, 2012
Mike Hicks
This summer marks the 50th year of Walmart, America’s manned space exploration and—youthful appearances notwithstanding—your columnist.
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HICKS: Short-term fixes unlikely to ease downturnRestricted Content

July 28, 2012
Mike Hicks
Almost all the economic forecasts that appear monthly or quarterly have been revised downward, some for the third time. And the smallest tidbit of good news dominates the news cycles without moving financial markets
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HICKS: Job creation, destruction not mutually exclusiveRestricted Content

July 21, 2012
Mike Hicks
I am always saddened and more than a bit disappointed when I hear politicians promise to create jobs.
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HICKS: To tax or spend? That is the question for governmentRestricted Content

July 14, 2012
Mike Hicks
There is a great (and vituperative) disagreement on government’s role in stabilizing a recession.
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HICKS: Smart cuts won't hit all government workersRestricted Content

July 7, 2012
Mike Hicks
Few governments, and none in Indiana, can now afford to continue doing things the private sector does.
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HICKS: EU crisis makes bad U.S. job market look goodRestricted Content

June 30, 2012
Mike Hicks
Make no mistake: 150,000 new jobs ain’t good news.
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HICKS: Here's hoping for taxes for all Americans in 2013Restricted Content

June 23, 2012
Mike Hicks
I believe we ought to raise taxes to finally end the soothing falsehoods that surround our tax policy—especially what are called the Bush tax cuts.
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HICKS: Fathers influence the personal discount rateRestricted Content

June 16, 2012
Mike Hicks
It is quite easy to do things when young and inexperienced that severely limit one’s long-run options.
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HICKS: Failure of public unions is good for countryRestricted Content

June 9, 2012
Mike Hicks
This week’s recall vote in Wisconsin has been heralded by many observers as a forecast of the presidential election. I think they are wrong. It is far more consequential.
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HICKS: UL model could fix financial regulation morassRestricted Content

June 2, 2012
Mike Hicks
We need a compromise that preserves innovation and mitigates the tendency for the sort of moral hazard that fueled the last recession.
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HICKS: Lasting meaningful change requires patience, fortitudeRestricted Content

May 26, 2012
Mike Hicks
This new birth of freedom is the largest in human history, and only a handful of truly totalitarian states still linger today.
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HICKS: Policy choice boils down to austerity or austerityRestricted Content

May 19, 2012
Mike Hicks
The plain reality is clear: Austerity is coming to Europe, either as a planned and thoughtful exercise or through fiscal ruin.
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HICKS: European recession likely to affect U.S. economy, tooRestricted Content

May 12, 2012
Mike Hicks
As disparate facts, the economic conditions in Europe and the United States are disconcerting. Taken together, they are frightening.
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HICKS: Debate rages on about role of Federal ReserveRestricted Content

May 5, 2012
Mike Hicks
The Employment Act of 1946 essentially required the Federal Reserve to do two mutually exclusive things: promote full employment and keep inflation low.
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HICKS: Finding freedom through 'The Hunger Games'Restricted Content

April 28, 2012
Mike Hicks
What has kept me in a three-week state of shock is the message about values our kids are getting from this work.
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  1. Cramer agrees...says don't buy it and sell it if you own it! Their "pay to play" cost is this issue. As long as they charge customers, they never will attain the critical mass needed to be a successful on company...Jim Cramer quote.

  2. My responses to some of the comments would include the following: 1. Our offer which included the forgiveness of debt (this is an immediate forgiveness and is not "spread over many years")represents debt that due to a reduction of interest rates in the economy arguably represents consideration together with the cash component of our offer that exceeds the $2.1 million apparently offered by another party. 2. The previous $2.1 million cash offer that was turned down by the CRC would have netted the CRC substantially less than $2.1 million. As a result even in hindsight the CRC was wise in turning down that offer. 3. With regard to "concerned Carmelite's" discussion of the previous financing Pedcor gave up $16.5 million in City debt in addition to the conveyance of the garage (appraised at $13 million)in exchange for the $22.5 million cash and debt obligations. The local media never discussed the $16.5 million in debt that we gave up which would show that we gave $29.5 million in value for the $23.5 million. 4.Pedcor would have been much happier if Brian was still operating his Deli and only made this offer as we believe that we can redevelop the building into something that will be better for the City and City Center where both Pedcor the citizens of Carmel have a large investment. Bruce Cordingley, President, Pedcor

  3. I've been looking for news on Corner Bakery, too, but there doesn't seem to be any info out there. I prefer them over Panera and Paradise so can't wait to see where they'll be!

  4. WGN actually is two channels: 1. WGN Chicago, seen only in Chicago (and parts of Canada) - this station is one of the flagship CW affiliates. 2. WGN America - a nationwide cable channel that doesn't carry any CW programming, and doesn't have local affiliates. (In addition, as WGN is owned by Tribune, just like WTTV, WTTK, and WXIN, I can't imagine they would do anything to help WISH.) In Indianapolis, CW programming is already seen on WTTV 4 and WTTK 29, and when CBS takes over those stations' main channels, the CW will move to a sub channel, such as 4.2 or 4.3 and 29.2 or 29.3. TBS is only a cable channel these days and does not affiliate with local stations. WISH could move the MyNetwork affiliation from WNDY 23 to WISH 8, but I am beginning to think they may prefer to put together their own lineup of syndicated programming instead. While much of it would be "reruns" from broadcast or cable, that's pretty much what the MyNetwork does these days anyway. So since WISH has the choice, they may want to customize their lineup by choosing programs that they feel will garner better ratings in this market.

  5. The Pedcor debt is from the CRC paying ~$23M for the Pedcor's parking garage at City Center that is apprased at $13M. Why did we pay over the top money for a private businesses parking? What did we get out of it? Pedcor got free parking for their apartment and business tenants. Pedcor now gets another building for free that taxpayers have ~$3M tied up in. This is NOT a win win for taxpayers. It is just a win for Pedcor who contributes heavily to the Friends of Jim Brainard. The campaign reports are on the Hamilton County website. http://www2.hamiltoncounty.in.gov/publicdocs/Campaign%20Finance%20Images/defaultfiles.asp?ARG1=Campaign Finance Images&ARG2=/Brainard, Jim

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