Indianapolis Business Journal

FEBRUARY 10-16, 2014

We only learned a few weeks ago about the National Rifle Association's annual convention in Indy (set for April 25-27), but Anthony Schoettle reports in the latest edition of IBJ that the effort by local tourism officials to land the mammoth event began more than a decade ago. Also this week, Chris O'Malley explores charges by some investors in Angie's List that the consumer review service has significantly changed its business model and concealed fundamental obstacles to reaching a profit. And in A&E, Lou Harry reviews the IRT's take on three short stories by Kurt Vonnegut.

Front PageBack to Top

Experts see limits to state’s low-tax strategy

Thanks to a concerted effort to lower taxes and government spending, Indiana ousted Texas this year in the Tax Foundation’s annual ranking of business tax climates. Indiana now holds the No. 10 spot and could rise higher by eliminating the business personal property tax, an equipment tax that experts say deters investment.

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Falling reimbursements force Roche to innovate

U.S. sales are plunging for Roche Diagnostics Corp. and its fellow makers of diabetes-care devices because of lower reimbursements from the federal Medicare program. In five years, two of the four largest companies will have sold or closed their diabetes businesses, according to two industry analysts.

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Top StoriesBack to Top

FocusBack to Top

OpinionBack to Top

MADDOX: Wolves are still at Gramma’s door

In the movie “The Wolf of Wall Street,” Jordan Belfort, disgraced broker and owner of the now-defunct brokerage firm Stratton Oakmont, is portrayed by Oscar-nominated actor Leonardo DiCaprio as over-the-top good looking, witty and motivational. Belfort, if we are to believe what we see in the film, is a phenomenal salesman—a self-made man committed to making lots of money for himself and his friends.

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KENNEDY: Thinking outside the bank

Let me begin with a caveat: I’m no expert on financial services or the economics of banking. Like most middle-class Americans, my interactions with banking are all decidedly “retail”—checking and savings accounts, mortgages and car loans.

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Much of ambitious legislative agenda remains alive

Despite concerns that debating a constitutional amendment defining marriage would rip our state apart, that didn’t happen and the General Assembly has proven quite productive—as well as judicious in deciding what issues not to become entangled in during the “short” session.

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Hicks: Sustainable middle class now built on work

America’s middle class was first built upon an unsustainable combination of low-productivity, high-wage jobs in large factories. The second half of the 20th century saw a different middle class emerge, with workers across many industries applying high-value-added human capital to the production of goods and increasingly services.

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Empower parents with education

In “Pushing back against education ‘reform’” [Jan. 20 Forefront], Doug Masson seems to lump innovations such as charter schools in with vouchers and derides both.

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Argument was selective

Sheila Suess Kennedy should not have endorsed the Christian Theological Seminary president’s position [Jan. 27] even though his conclusion is the one she prefers.

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In BriefBack to Top

Ad agency Willow Marketing adds jobs

Indianapolis ad agency Willow Marketing has hired eight more employees since mid-2013, bringing its head count to 21. The jobs range from graphic designers to video producers to project coordinators. Even modest hiring in the public relations/marketing/advertising industry is notable given agency downsizings during the economic downturn, when many clients slashed their ad budgets. The […]

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