Recent Blog Posts

Private attention to mass transit

January 29, 2009
Comment(1)
For another example of why Indianapolis works better than a lot of other places, read IBJ reporter Chris Oâ??Malleyâ??s story about yet another look at mass transit in central Indiana. Mass transit has been studied to death even as...
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Can anyone drive in this stuff?

January 28, 2009
Comments(15)
Thereâ??s nothing like a good snow storm to bring out the spectrum of driver skills. In the past couple of days and now today, youâ??ve probably seen it all, too. Creepers. Speeders. Lane-straddlers. Rubberneckers who nearly cause their own spin-offs. Should more...
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Indiana's Miss America

January 26, 2009
Comments(11)
For the first time in the 88 years of the Miss America pageant, the winner is from Indiana. Katie Stam, a University of Indianapolis communications major, hails from Seymour. Stam, 22, plans to emphasize community service as a goodwill ambassador for...
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Working longer in 'retirement'

January 22, 2009
Comments(2)
Before the most recent recession began in late 2007 and wiped out many a savings account, other factors already were forcing more Americans to delay their retirement dreams. Mainly, weâ??re living longer, which means retiring at the traditional age...
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Hoosier lessons for Obama

January 20, 2009
Comments(9)
Some people went ballistic when $40 million was spent on George W. Bushâ??s inauguration in 2001, and now $120 million is going toward Barack Obamaâ??s inauguration festivities today â?? much of it donated, of course. Few people would argue against celebrating...
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The future for diesel cars

January 19, 2009
Comments(3)
A number of car companies have introduced, or plan to introduce, clean-diesel engines to cater to buyers wanting better fuel efficiency. Diesels from Volkswagen and other manufacturers boost mileage by about a third, but much of that advantage in the past...
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WellPoint brass and rank-and-file

January 16, 2009
Comments(8)
WellPoint unwittingly made an interesting point this morning when it announced it expects to save $24 million by laying off 600 workers. Those 600 workers in affect are being valued at about half the $47.5 million in total compensation...
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Thoughts on Schrenker

January 15, 2009
Comments(11)
One of the themes emerging from the developing story about Marcus Schrenker is that he was driven to personal destruction at least partly by greed. The Fishers investment manager had a history of living well beyond his means, and...
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Dungy, Bayh and Obama

January 14, 2009
Comments(8)
Evan Bayh is pitching Tony Dungy to Barack Obama as a czar to promote â??responsible fatherhoodâ?? and Obama likes the idea, Bayh says. Dungy, who is retiring as head coach of the Indianapolis Colts, has made fatherhood a centerpiece...
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Daniels' budget axing priorities?

January 7, 2009
Comments(14)
Gov. Mitch Daniels said yesterday he wants to spare schools and public safety from the scalpel as he looks to prepare an honestly balanced budget during a time of declining tax revenue. But Democrats accuse the Republican of crimping...
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A remarkable comment

January 5, 2009
Comment(1)
Indiana has never been known as a hotbed of venture capital deals. That recognition has long gone to California and Massachusetts, and the numbers fall off quickly in other states. So a statement in this weekendâ??s IBJ was noteworthy...
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Backsliding on environment?

December 30, 2008
Comments(6)
One of the most curious developments underway in state government is the moves by the Department of Environmental Management to back peddle on its mandate to keep an eye on polluters. Environmental groups are aghast at IDEMâ??s plan to slap penalties...
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Tough budget choices for state

December 29, 2008
Comments(3)
Gov. Mitch Daniels has ordered a string of budget cuts as the recession hammers tax revenue, and the upcoming General Assembly promises to generate squabbles over what little money is left to spend. If you were governor, what would...
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Katz Sapper's embarrassment

December 17, 2008
Comments(9)
Yesterdayâ??s disclosure by KSM Capital Advisors that its clients might be out $15 million from the alleged Madoff scandal probably wonâ??t be the last local fallout. At minimum, it has been a stressful and embarrassing time for a...
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Nearly free money on the way?

December 15, 2008
Comments(6)
The Federal Reserve this week is expected to drop the rate at which banks loan money to each other below 1 percent. That means interest rates on loans for just about everything, from cars to housing, eventually would fall further. The...
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Utility of WARN notices

December 11, 2008
Comments(2)
In times like these, what do you think of the Worker Adjustment and Retraining Notification Act, commonly called the WARN Act or WARN notices? The federal law was passed in 1988 to give employees 60 daysâ?? notice of an impending layoff,...
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Pondering corruption

December 10, 2008
Comments(3)
Yet another Illinois governor is going down in legal flames, as Rod Blagojevich struggles to extricate himself from federal accusations that he brazenly tried to peddle Barack Obamaâ??s Senate seat to the highest bidder. So, weâ??re reminded again that power corrupts....
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Questions about Detroit's bench

December 8, 2008
Comments(7)
Politicians are about to step in for directors and force sweeping changes on the Detroit car companies, judging from the direction of talks in Congress. Senate Banking Committee Chairman Chris Dodd yesterday called for the firing of General Motors...
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The (your name here) bat

December 4, 2008
Comments(3)
Purdue University is jumping on a trend toward offering naming rights for newly discovered species. The university plans to announce Monday that a bat discovered by one of its researchers can be named for a company, a person â??...
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Gall about the jobs bank

December 4, 2008
Comments(6)
The jobs bank has come to symbolize whatever the general public thinks is wrong with the United Auto Workers and Detroit car companies. For many years, the UAW contract has stipulated that laid-off workers be paid nearly their entire compensation. Now,...
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The plethora of car dealers

December 3, 2008
Comments(6)
Open a local phone book or punch in a Google search on car dealers, and itâ??s immediately apparent Detroit companies have many, many more dealers than their foreign competitors. Chevrolet and Ford, for instance, each have more than a dozen dealers...
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Legal news keeps coming

December 2, 2008
Comments(0)
Law firm mergers keep making news. IBJ Scott Olson reported this morning that Ice Miller is about to join with Greenebaum Doll & McDonald in Louisville. In May, Sommer Barnard was absorbed by Taft Stettinius &...
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Hospital end-game: get big

December 1, 2008
Comments(2)
Hardly a month goes by without more news about hospital consolidations and partnerships. Clarian Health, St. Vincent Health and Community Hospitals â?? all behemoths by Indiana standards, and all with head offices in Indianapolis â?? are scooping up local institutions in...
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Indiana-made vehicles unsafe?

November 25, 2008
Comment(1)
More than half the cars, vans, pickup trucks and sport-utility vehicles assembled in Indiana failed to make the Insurance Institute for Highway Safetyâ??s latest list of safest vehicles. Making the list are the Subaru Legacy and Tribeca, assembled in...
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Saving our way deeper into a hole

November 20, 2008
Comments(2)
A recent article in The Economist predicts a deep recession next year if we Americans abandon our spendthrift ways and swing back to a savings lifestyle. What other nation, the magazine wonders, would buy enough things to keep...
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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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