Indianapolis Business Journal

OCTOBER 17-23, 2011

This week, read how plummeting state support is turning Indiana and Purdue universities into semi-private schools and find out which restaurant chain Steak n Shake CEO Sardar Biglari is pursuing. In Focus, read why additional government scrutiny is making it hard for community banks to recruit board members. And in A&E, see what Bill Benner has to say about the NBA lockout.

Front PageBack to Top

Kennedy’s persistence put to test

Supporters and detractors of Melina Kennedy agree on this description of her: a persistently hard worker. Whether that trait is enough to make the 42-year-old Democrat an effective leader of the nation’s 12th-largest city is an open question.

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Big name in horse racing banned from tracks

Ed Martin Jr., the former car dealer who helped create Indiana’s horse-racing industry, these days isn’t even welcome at the state’s tracks. The Indiana Horse Racing Commission banned Martin after he refused to obtain a license, but he filed a lawsuit in Marion Superior Court last month seeking to overturn the decision.

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Top StoriesBack to Top

New Christian Theological Seminary president embracing the arts

New Christian Theological Seminary President Matthew Myer Boulton wants to create a more vibrant atmosphere at CTS, by attracting younger students who can live on campus full time and by drawing the general public for lectures, concerts and religious events on a regular basis.

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Public universities expect state support to keep dropping

Indiana University President Michael McRobbie last month predicted that IU eventually will get less than 10 percent of its revenue from the state. If public schools get nine out of 10 dollars from somewhere other than public coffers, will they still be public?

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Green roofs slow to take root in Indianapolis

Indianapolis’ movement toward installing green roofs on commercial buildings has advanced slowly but steadily, in spite of a poor economy and the availability of cheaper (at least in the short run) alternatives.

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Cracker Barrel battling to keep Biglari at bay

Cracker Barrel Old Country Store Inc. has rejected Biglari’s request that directors appoint him and business partner Phil Cooley to the board. It also has rolled out a “poison pill” plan that would deter outside investors from taking over the business without negotiating with the board first.

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Decision nears on fate of freed-slave sculpture

Controversy has swirled around a piece of art commissioned for the Cultural Trail’s $2 million public art program. What ultimately happens to Fred Wilson’s “E Pluribus Unum” sculpture of a freed slave could alienate local African-Americans who oppose it or draw the scorn of national art critics.

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FocusBack to Top

OpinionBack to Top

Admiring the substantive candidate

This year’s Indianapolis mayoral election presents a sharp contrast between a “good candidate” (attorney Melina Kennedy) and a good mayor (ex-Marine Greg Ballard). Ballard’s 2007 election was a surprise to all but him. He has proven quite effective—a friendly, no-nonsense leader who enjoys the work and responsibilities but can do without the glitz. Ballard’s accomplishments […]

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The euro’s problems ripple to Indiana

A crack in a support beam of a bridge can jeopardize the entire structure, as people in the Louisville area can attest to. The same principle applies to currency regimes. The crack in the euro system threatens the Eurozone economy and the financial bridges that link global markets, including those in Indiana. The euro was […]

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Team building takes time

I found Sam Stall’s Oct. 3 article misleading. “Team-building exercises remain popular, but do they work?” failed to make the critical distinction between building a high-performing team and facilitating a single team-building activity. When properly designed, a team-building activity allows participants to experience one aspect of team dynamics that will benefit that specific group. On […]

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The silly promises of collectivism

With all due respect Terri Jett [Oct. 10 Forefront], your party’s history of promises about the government giving people things they can’t provide for themselves—more income, better health care, advanced education, cheaper mortgages and an overall “shiny, happy life” have been made time and again throughout history by speakers much more eloquent than our made-for-TV […]

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Multiple complaints

When I read some statements in the Oct. 3 issue, I found myself grinding my teeth. Michael Hicks referred to long-dead economists by observing that the British economist John Maynard Keynes proposed deficit spending to help remedy a deep recession. Hicks pointed out that job creation in the U.S. is substantially slowed by the contraction […]

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Scales missed point of Poulakidas op-ed

After reading Christine Scales’ Sept. 26 letter, it’s clear that she needs a pat on the back. It is commendable that this unemployed doctor’s wife has sent all her children off to college, and now has made the time to focus on her community. (I guess I was wrong when I believed women could both […]

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In BriefBack to Top

PROXY CORNER: Celadon Group Inc.

Indianapolis-based Celadon Group Inc. is a trucking company that provides long-haul, full-truckload freight service through Canada, the United States and Mexico.

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