Indianapolis Business Journal

JUNE 28-JULY 4, 2010

This week, find out the latest in the Fair Finance bankruptcy case and see how the city is doing at meeting Mayor Greg Ballard's mandate to do more business with veterans. In Focus, read about Buckingham Cos.' ambitious redevelopment project proposed for a downtown parking lot. And in A&E, Lou Harry shares 100 thoughts on the Indianapolis Museum of Art's new 100 Acres art and nature park.

Front PageBack to Top

Plug-in car startup breaks all the rules

Wabash-based ClearFlex Automotive is using off-the-shelf technology to design a 2010 Ford Focus plug-in electric vehicle,
powered entirely by lead acid batteries. The company is gearing up for initial production of up to three vehicles a day.

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Top StoriesBack to Top

Electric rates likely to rise with cost of Duke coal plant

Pressure is building on Duke Energy to contain costs of its controversial Edwardsport generating plant in southwestern Indiana,
following the company’s recent disclosure that the price tag will soar by $530 million—likely boosting average
rates in Indiana by 3 percent.

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IMA searching for executive to lead big capital campaign

The Indianapolis Museum of Art is gearing up for a major campaign and will create a senior management position in fundraising.
CEO Maxwell Anderson said the national search for a “chief development officer” coincides with strategic planning
that will result in a capital campaign for a still-unspecified amount.

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Durham willingly turning over assets in Fair bankruptcy

Tim Durham, the Indianapolis businessman who purchased Akron, Ohio-based Fair Finance Co. eight years ago, is facing up to
the reality he owes the company a bundle and is shoveling over assets. Nevertheless, the FBI seized some Durham vehicles on
June 24.

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Hospital jobs keep growing in recession

Hospitals continued to be a stable and slightly growing source of jobs and wages in Indiana—for better and for worse.
The sector paid $7.3 billion to 127,000 Hoosiers in 2008, according to the latest data from the American Hospital Association.

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FocusBack to Top

OpinionBack to Top

MAURER: Exercise your creative muscle

Creativity, like muscle tone, must be exercised if one is to increase it. We need to seize opportunities to think creatively. Challenging riddles like the one above interrupt the normal routine and rev up our brains.

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HICKS: Roots of recession found in homes, stocks

When the Business Cycle Dating Committee of the National Bureau of Economic Research meets later this year or next, I believe
they’ll say the recession hit bottom in June or July of 2009. Recessions end when the economy bottoms out.

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Indiana municipal bonds are faring well

The “Investing” column of June 14, “Municipal bond defaults might be next crisis,” raises some valid
points, but portrays municipal bonds in such a manner that is too general.

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In BriefBack to Top