Indianapolis Business Journal

JULY 20-26, 2009

Front PageBack to Top

Top StoriesBack to Top

Long-term-care business to help Wishard cover construction debt

To pay for a shiny new downtown hospital, the parent corporation of Wishard Health Services will commit itself to yearly
debt payments 10 times as high as they are now. But Wishard officials have no doubt they can bear the extra load
because of places like Rosewalk Village, a nursing home that sits on the eastern side of Indianapolis.

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Lauth’s lawyers raking in big fees in bankruptcy reorganization

Developer Lauth Group Inc. is sparing no expense on attorneys in the Chapter 11 reorganization of key subsidiaries. The company has hired two of the nation’s most prominent bankruptcy and restructuring specialists to handle the cases, and the bill for the first month easily will exceed $1 million.

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FocusBack to Top

State law aims to attract doctors to areas in need of care

A state law that went into effect July 1 attempts to attract young physicians and mental health practitioners to underserved
areas by forgiving part of their student loans. But Indiana’s budget woes prevented lawmakers from allocating funds
to support the program.

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BATTEN: FTC could resolve antitrust concerns on health care reform

President Obama recently announced a cooperative initiative where health care industry leaders plan to
work together to reform the ailing health care system. Shortly after that announcement, the national
media machine spawned considerable concern among several health care groups that the cooperative effort might violate
federal antitrust laws for collusion and price fixing among competitors.

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PEASE: Archaic physical therapy laws drive up health costs

If you want to see a physical therapist in Indiana, you must first see a physician for a consultation
and referral. It’s the law. Indiana is one of only six states where patients are denied direct
access to physical therapy treatment, and one of only two states where evaluation without referral is

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OpinionBack to Top

EDITORIAL: City’s fiscal creativity deserves support

In trying times, people and businesses often have to get creative to make ends meet. The same should hold true for local government. That’s why we commend city leaders for thinking outside the box in considering two initiatives to cut costs and generate public revenue.

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KATTERJOHN: Climbing mountains for Parkinson’s

What is it about mountains? People climb them because they’re there. People climb them because the experience
is humbling and rewarding. People climb them because they represent a physical and mental challenge that, once met, is deeply

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MARCUS: Men, women use time differently

On an average day, nearly 83 percent of women, but only 64 percent of men, spend time engaged in household activities, according to a recent report from the U.S. Bureau of Labor Statistics. Plus, when women engage in household activities, they average two hours and 35 minutes per day while men average two hours and one minute.

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ALTOM: Technology moves too fast for law to keep up

Technologists don’t usually give the law a basketful of respect. From our point of view, the law is struggling frantically to stay within a hundred yards of our bleeding edge. By the time the law gets around to speaking on a technical subject, the subject may not even exist anymore.

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INVESTING: Looming debt problems present an opportunity

Whenever this bear market bottoms—and there is a growing possibility that we will see new lows in coming months—millions of investors will be throwing all kinds of assets away for pennies on the dollar. The discounts so far could pale in comparison. So, be patient, be prudent and be ready.

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LIPPERT: GM woes strike close to home

As someone who grew up in Michigan during the 1960s and 1970s, watching General Motors Corp. self-destruct was like seeing a loved one make bad decisions then watching him suffer the consequences.

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IPS was winner in state budget

IBJ is completely off base to suggest that the new state budget was “balanced on the backs of poor children.”
As has been true of every state budget for the last two decades, students in Indianapolis Public Schools and other urban districts
are actually the biggest winners in this budget.

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FedEx must maintain flexibility

Like many businesses and local commerce, the FedEx Express hub at Indianapolis International Airport is trying to thrive during a decline in shipping and an increase in fuel prices.

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Area cities have curb appeal

I agree with [Morton Marcus’ June 15 column] on urban entryways. I just wanted to point out that two of our small towns in Indianapolis have done a good job of making entryways into their community attractive.

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Stopping nukes should be priority

Uniting the Arab world toward accepting
Israel is very important, but stopping Iran from developing nuclear capability must be top priority for all our world.

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Brebeuf makes green strides

In 2007, Brebeuf Jesuit Preparatory
School was named the first Green Flag School in Indiana as part of a national environmental awards program
that creates safer and healthier school environments through investigation, education, innovation and action.

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In BriefBack to Top

IUPUI rethinks track and field stadium

In its 20-year master strategy unveiled in December, IUPUI planned to tear down its track-and-field stadium along New York Street to make room for a mixed-use housing and retail development. Now IUPUI Chancellor Charles Bantz says those plans have been reconsidered.

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Automotive industry’s fall dilutes manufacturing jobs

The fact that Indiana is shedding manufacturing jobs is well-known, but you can thank a neighbor to the north for keeping track of every last one. The Milwaukee Journal-Sentinel reported recently that Wisconsin had taken the top spot, ahead of Indiana, in terms of the portion of employment in manufacturing—15.6 percent, versus Hoosiers’ 15.4 percent.

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Dodge exits Hispanic radio stations

After 3-1/2 years, Russ Dodge has exited as general manager of WSYW-AM 810 and WEDJ-FM 107.1. Both stations, which are
owned by California-based Continental Broadcast Group LLC, air Hispanic music and programming.

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