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Welcome to the archives for NewsTalk, an IBJ blog published from November 2007 through December 2010.
Recent Blog Posts
Oppose Daniels, oppose change?
February 26, 2008
Comments(2)A new statewide poll shows a high correlation between registered voters who intend to vote for Democratic
presidential candidate Barack Obama and incumbent Republican Gov. Mitch Daniels.
Obama and Daniels are almost polar opposites philosophically, so what gives? Mostly...
MoreDrugmakers versus consumers
February 25, 2008
Comments(0)Congress and the courts long have tried to balance regulations to try to protect consumers while giving companies
space to operate.
Last week, the U.S. Supreme Court ruled 8-1 to limit lawsuits against medical device makers if the Food...
MoreBusiness journalists and recession
February 22, 2008
Comments(0)Forbes Publisher Rich Karlgaard thinks business journalists are stirring up recession talk.
In a column this week with a takeout headlined â??Business press incompetence and fear,â?? Karlgaard advises
against
believing everything one reads.
Hereâ??s what he writes:
â??Want to know the truth about...
MoreContrasting United Way, Wheeler
February 20, 2008
Comments(4)Businesses and their employees opened pockets last year to enable United Way of Central Indiana to hit a
record $39 million in contributions.
The not-for-profit attributed the good news to hustle by campaign co-chairmen who offered money from their...
MoreDo you feel poorer?
February 20, 2008
Comments(5)Inflation is speeding up and wage growth is slowing down, the U.S. Bureau of Labor Statistics said this
morning.
Blame rising oil prices for the inflation and the slowing economy for the sluggish wage growth, says the
Economic Policy Institute, a...
MoreAffordable housing...again
February 19, 2008
Comments(0)Indianapolis is now the most affordable large market in which to buy a house 10 quarters running.
Thatâ??s according to an index the National Association of Home Builders and Wells Fargo put out this afternoon.
In the past quarter, 46.6 percent...
MoreFear grips donors to charity
February 19, 2008
Comments(2)Wheeler Mission Ministries broke the unsettling news yesterday that it is laying off 13 staff and shifting
its ministries for youth and families to another charity in order to minimize an anticipated operating deficit.
Why? Donors are worried about...
MoreIs film tax break a bad idea?
February 15, 2008
Comments(2)Gov. Mitch Daniels had sharp words for legislators after they finished overriding his veto of tax breaks
for the film industry.
â??Itâ??s truly an irresponsible decision, and I canâ??t imagine what they were thinking,â?? he fired off
in a statement
yesterday.
Are...
MoreKentucky as gambling competitor
February 15, 2008
Comment(1)The developing story in Kentucky about its new governorâ??s attempt to legalize casinos isnâ??t getting a
lot
of play in Indianapolis, but the fallout could be huge if he succeeds.
Steve Beshear wants a dozen casinos to try to stop gamblers...
MoreIUPUI and IU business degrees
February 14, 2008
Comments(2)The undergraduate business program at IUPUI used to let in just about anyone. At one point, only the bottom
10 percent of a high school graduating class was steered to Ivy Tech or elsewhere.
Got a business degree from IUPUI? It...
MoreWellPoint yanks controversial letter
February 13, 2008
Comments(2)Californians are howling over the recent discovery that one of WellPointâ??s units made a practice of asking
doctors to report conditions that the insurance company could use to cancel medical coverage for new patients.
The letter amounted to asking doctors to...
MoreTownship government travails
February 12, 2008
Comments(0)Center Township Trustee Carl Drummer may be a nice guy, but he sure knows how to squirrel away taxpayer
dollars, IBJ reporter Peter Schnitzler showed us in this weekendâ??s IBJ.
Drummer has racked up a $7.1 million surplus â??...
MoreDo doctors make too much money?
February 12, 2008
Comments(7)Health insurance companies including Indianapolis' own WellPoint Inc. have been relentless in trying to suppress
spiraling health costs. So relentless, in fact, that doctors are pushing back.
Physician groups in Kokomo, Rushville and other cities are refusing to take new patients...
MorePaying extra for hormone-free milk
February 7, 2008
Comments(3)Grocery stores are rejecting milk from cows that have been injected with a growth hormone that stimulates
milk production.
Kroger, Dean Foods and others are responding to consumers who are jittery about recombinant bovine somatotropin,
or rbST, which has been used since...
MoreLucy, footballs and General Motors
February 6, 2008
Comment(1)For a long time, General Motors has told us its newest model would drive back the Germans, Japanese and
more lately the Koreans.
Those who believed, of course, must feel like Charlie Brown after Lucy yanks away the football.
Now GM is getting...
MoreA new desire for streetcars
February 5, 2008
Comments(12)Electric streetcars are an old idea that should be brought back, some civic leaders believe.
IBJ reporter Chris Oâ??Malley writes today that heavyweights including Indiana Convention and Visitors Association
President Bob Bedell are backing a not-for-profit called Downtown Indianapolis...
MoreWho will win the banking wars?
February 4, 2008
Comment(1)Itâ??s no secret that banks are in upheaval thanks to the subprime mortgage crisis and the domino affect
mess
itâ??s creating.
In an IBJ story over the weekend, reporter Cory Schouten discusses the local grab for market share, as...
MoreSeeking your take on the markets
February 4, 2008
Comments(0)You IBJ readers are a wealthy lot. Our latest survey, taken in September of last year, shows that you had
a $170,700 median household income and the median value of your investments came to $679,700.
Three of four had corporate stocks...
MoreAdding to the life science corridor
February 1, 2008
Comments(2)For years, dreamers have envisioned a life sciences crescent stretching from West Lafayette down Interstate
65 to Indianapolis, then along State Road 37 to Bloomington.
The thinking was, this corridor would take advantage of Indiana and Purdue universities and IUPUI as...
MoreAre these incentives a good deal?
January 31, 2008
Comments(3)Gov. Mitch Daniels dished out $6.3 million in incentives as part of Defender Directâ??s expansion announcement
yesterday. But was the carrot a good deal for us taxpayers?
Defender Direct, which sells home security and satellite dish systems, plans to add 1,100...
MoreImmigration bill to become law?
January 30, 2008
Comments(37)The Indiana Senate made its sentiment clear yesterday by approving the immigration bill by the gaping margin
of 37-11 and firing it on to the House.
This is the bill that would make businesses liable for knowingly hiring illegal immigrants.
With this...
MoreRanking Indianapolis' best mayor
January 30, 2008
Comments(4)Former Indianapolis mayors have a way of staying in the news.
Richard Lugar has climbed to the top echelons of the U.S. Senate. Bill Hudnut is quoted regularly from his
position at the Urban Land Institute, a Washington, D.C., not-for-profit that...
MoreAre unions making a comeback?
January 29, 2008
Comments(0)Weâ??re accustomed to hearing that unions represent a smaller and smaller proportion of the American work
force.
Yet, government figures released last week show the first increase in union membership in 24 years, with
about 12.1 percent of workers in unions....
MoreSpending your government check
January 24, 2008
Comments(7)If you pay taxes, President Bush and leaders in Congress have agreed to send you at least $600 in the
hope youâ??ll spend it and pump more life into the economy.
They have their wishes, but Americans are independent sorts.
What would...
MoreBlame Daniels for the economy?
January 23, 2008
Comments(6)At this point four years ago, now-Gov. Mitch Daniels had started outlining a platform based on revitalizing
the economy.
The economy had been headed south since the â??70s and had taken another beating early in the decade. Voters
were only too...
More
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So the Mayor adds another non value added layer to having a vehicle towed? Whereby the City Government RECIEVES AN ILLEGAL KICKBACK FROM A LGOISTICS COMPANY THAT SUBS THE WORK TO LOCAL TOW COMPANIES? What is the service the City performs for receiving the "tribute"? This is RICO!!!!! What a corrupt and unnecessary layer. What a dirtbag Mayor and his cronies.
Owner occupied housing. Clear enough?
So people think I am paranoid. It's from experience in dealing with puds requested by developers who make major donations themselves to representatives, have nice fund raisers for those running for office and hide through pac's. then there are the public relation firms. You will note some pr comments below. You there Clyde Lee? My opinion. Commercial along 421, great. Multifamily housing, terrible idea that will change the town. Senior condos or zero lot line homes west, great. I suggest keeping all entries to commercial areas at 421. All entries to owner occupied on sycamore. Will keep the traffic on sycamore down some. Two other things. You can't trust what will be there in 10 years. Steve builds quality stuff, but areas change over time. Look at the changes at the wall mart center at 86th and 421 over the last 10 years. Look at the apartments and neighborhoods behind St Vincent's. Raintree properties WILL decrease in value if commercial and multifamily goes in near. It has already been happening around the bridges area. The houses that have been sold recently are way below market. Several deals not closed due to the Illinois construction and the whole unsurety of the bridges. It's pretty simple, Zionsville will approve the whole thing because the city council has been groomed over a LONG period of time for this. I might even suggest some are in their position as a result of this.
Esta, do you have a dog in this fight? You seem to really want to knock anyone against this project. No, I didn't move to Indiana for the architecture. I moved here for that red barn in the field. The horses and fields of corn. A place that is NOT overdeveloped. There are plenty of nearby places in Indianapolis that could be REDEVELOPED instead.
RKW - OK, we get it, you're paranoid. The question is, are you paranoid enough? Greg - Yes, Pittman(s) is (are) at it again. They are developers, they build things. It's what they do. So when you go to work tomorrow, Greg, you're at it again too. Cliff - Really? You moved to Indiana for its progressive architecture? That's like moving to England for the cuisine. Zionsvillain - The house you moved to was once a field or woods. I'm willing to bet folks were upset when that ground was plowed under and a house was built. But I guess now that you are in, everything should stop? "My house was OK, but the next one is sprawl." SE Guy - Please don't paint us with such a wide brush. Most reasonable Zionsville residents welcome planned, measured development.