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SPORTS: Nice Colts fans? That’s OK-if they’re loyal to team

January 15, 2007

In the last couple of weeks, I’ve been interviewed by reporters from both the Kansas City Star and the Baltimore Sun. Both were pursuing the same angle: Indianapolis as a pro football town vis a vis Kansas City and Baltimore, and support for the notion that our citizenry in general and Colts fans in particular are “just too darn nice.” My response to both was, well, yes, our folks and fans are nice, but that’s not necessarily a bad thing…

Columbia Club faces membership, financial issues

January 15, 2007

The Columbia Club, the tradition-rich enclave where the city’s business elite have gathered and cut deals for more than a
century, is facing declining membership, the departure of its longtime general manager, and looming financial challenges–including
a $5.5 million loan that comes due this summer.

EYE ON THE PIE: Mirror, mirror, which is fairest tax of all?

January 15, 2007

With some hesitation, I take you inside the men’s rest room at the Statehouse. There, I found a new member of the General Assembly combing his hair over his otherwise empty scalp and asking, “Mirror, mirror on the wall, which is the fairest tax of all?” The mirror responded, “The sales tax is the fairest of them all.” Startled, both the legislator and I looked around, only to hear another mirror say, “No, the income tax is fairest of them…

DOING GOOD: PATTY JONES: Different kind of donation

January 15, 2007 | Jo Ellen

DOING GOOD PATTY JONES Different kind of donation Patty Jones’ free time isn’t all that free. Last year, she took on more than 100 assignments as a member of Indianapolis Ambassadors. And that’s just for starters. She also volunteered for dozens of activities at Greenwood Christian Church, was treasurer of her neighborhood association and served on the board of Joy’s House, a provider of adult day services. “We all have talents and mine help organizations,” said Jones, 45, owner of…

State to privatize mental-health hospital

January 15, 2007

State officials are advancing plans to privatize a state-run hospital for the mentally ill and now are looking for a not-for-profit
to build and manage a new facility in Indianapolis.

NOTIONS: A prayer for common sense on the issue of prayer

January 15, 2007

Dear God, please hear my prayer. We need a little divine guidance here (or at least a few thunderbolts of common sense). I pray today not for relief from the usual litany of woes (You hear enough about those). I ask, instead, that You help us past a nagging distraction so we might move on to more pressing concerns. As You know (because You know all), there’s a lot weighing on us in these little Edens called Earth, America and…

Getting to know you: Companies are using sites like MySpace to learn much more about job candidates

January 15, 2007

In today’s Internet age, companies are going well beyond reading rÃ©sumÃ©s and contacting references to check out job candidates. More and more would-be employers are turning to the Web to conduct background checks on prospects. MySpace and Facebook are two hugely popular social networking sites where college and high school students often post risquÃ© photographs and provocative content about drinking, recreational drug use, sexual exploits and other personal conduct. But what some job seekers might mistakenly consider relatively private information…

Suburban builder J. Greg Allen to tackle downtown

January 15, 2007

J. Greg Allen & Associates has made a name for itself building suburban subdivisions, office buildings and retail complexes.
Now, the developer is poised to tackle a pair of projects downtown.

SPORTS: AFC title game is a big event in a land of big events

January 22, 2007

There is conjecture that the hosting of the AFC Championship game between the Indianapolis Colts and New England Patriots is the biggest/greatest/most significant-choose your superlative-sports-related event in the city’s history. That got me to thinking. Is it greater than the 1911 Indianapolis 500, which led to the other 88 500s that, in their current form, generate far more annual economic impact than even a Super Bowl? Is it greater than the 1946 Indianapolis 500, when Tony Hulman took ownership of…

CHRIS KATTERJOHN Commentary: Greetings from Indianapolis South

January 22, 2007

NAPLES, Fla.-Here I am more than 1,000 miles from Indianapolis and yet feeling right at home. Seems like everywhere I turn, there are signs of the city. The first night I was here, I ate dinner at a restaurant where six Indianapolis people I know were sitting at the table next to ours. During the course of my stay so far, American United Life Insurance Co. held a board retreat here and the St. Vincent Hospital Foundation threw a fund-raiser…

Charities struggle to cultivate donors

January 22, 2007

Attracting people under 40 with money to give is one of the latest challenges faced by not-for-profit organizations. As fund-raisers
look toward cultivating the next generation of supporters, they see a younger generation that appears less inclined to do
so.

Temp agency jumping into training, construction: Latino-owned Aztec Group’s first foray is three-year project to fix up warehouse complex on near-east side

January 22, 2007

When Rod Webb moved to the United States from Mexico in 1982, his plan was to make a career as a salesman for an Indianapolis industrial chain manufacturer. But a short stint volunteering for a group that aided migrant workers planted another seed that’s now bearing fruit. After eight years running a temporary employment firm that specializes in offering Hispanic employees alternatives to field work, Webb is embarking on an ambitious plan to transform a dilapidated east-side warehouse complex into…

New funding has Semafore set for trials: Local pharmaceutical company to test cancer drug on humans

January 22, 2007

Hours before the underdog Florida Gators were crowned college football champions, Joseph Garlich wore a blue shirt to support the team as it prepared to upset the Ohio State University Buckeyes. Garlich, who spent two years as a post-doctoral fellow at the University of Florida’s School of Pharmacy, is equally optimistic his biotech firm is on the verge of achieving a milestone of its own. The northwest-side Semafore Pharmaceuticals Inc. should launch within a few weeks human trials of its…

Executive lunches feed search for new biotech ideas: Local group of CEOs from venture-funded life sciences firms gather monthly to share experiences, advice

January 22, 2007

Each month, leaders of some of the city’s most promising life sciences companies gather to share lunch, but they are more interested in getting an extra dollop of advice that might contain the ingredients for a thriving company. These 14 chief executives sharing their experiences with one another represent the city’s roster of life sciences firms that have received outside financing from venture capitalists. That means the fledgling enterprises are high-risk investments with the potential for above-average returns. And with…

Welder shortage looms in central Indiana, nationwide

January 22, 2007

With demand for welders outstripping supply, manufacturers, road and bridge builders, and other construction company owners
are all hurting. Despite a willingness to increase hourly wages and even offer signing bonuses, the search for welders is
getting more desperate.

Generator-maker finding new ways to get energy

January 29, 2007

I Power Energy Systems, which makes natural-gas-powered electric generators that are the primary power source of corporate
and college campuses, is a novelty in Indiana. After all, coal is still a cheaper source of electricity than is natural gas.
But I Power is developing applications for electric generators that burn biogas from sources ranging from garbage to ground-up
corn.

Small-business optimism drops: National business group forecasts slow-but-steady growth in 2007, unlike torrid pace that kicked off last year

January 29, 2007

Small-business owners aren’t nearly as optimistic about 2007 as they were heading into last year, thanks to a slowing economy and lower spending rates, a report from the National Federation of Independent Business shows. Still, many small businesses in Indiana and elsewhere expect to grow steadily and add to their work forces in 2007. In the next three months, 14 percent of small businesses plan to create jobs and 26 percent plan to make a capital expenditure, the NFIB says….

Super Bowl win not necessarily profitable

January 29, 2007

If the Indianapolis Colts win the Super Bowl Feb. 4, team owner Jim Irsay will be going deep into his pocket. Contrary to
popular belief, winning the Super Bowl is not a huge financial windfall–at least not in the near term for the team and its
owner.

Super Bowl travel plans mix business, fun

January 29, 2007

Super Bowl XLI has become a can’t-miss event for dozens of local business executives and government honchos, who are shelling
out several thousand dollars apiece to watch the Feb. 4 game in person.

BULLS & BEARS: How some measures of risk breed investor complacency

January 29, 2007

Risk. Webster’s defines it as “the chance of loss; also the degree of probability of such loss.” Specific to the act of investing, one might add: any investment activity that may lead to a permanent loss of capital. Investors can’t eliminate risk. However, by following Webster’s definition and attempting to determine the “degree of probability” of a potential loss, the investor can then decide the wisdom of proceeding with an investment. In cases where he judges the probability of loss…

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Articles

SPORTS: Nice Colts fans? That’s OK-if they’re loyal to team

Columbia Club faces membership, financial issues

EYE ON THE PIE: Mirror, mirror, which is fairest tax of all?

DOING GOOD: PATTY JONES: Different kind of donation

NOTIONS: A prayer for common sense on the issue of prayer

Getting to know you: Companies are using sites like MySpace to learn much more about job candidates

Suburban builder J. Greg Allen to tackle downtown

SPORTS: AFC title game is a big event in a land of big events

CHRIS KATTERJOHN Commentary: Greetings from Indianapolis South

Charities struggle to cultivate donors

Temp agency jumping into training, construction: Latino-owned Aztec Group’s first foray is three-year project to fix up warehouse complex on near-east side

New funding has Semafore set for trials: Local pharmaceutical company to test cancer drug on humans

Executive lunches feed search for new biotech ideas: Local group of CEOs from venture-funded life sciences firms gather monthly to share experiences, advice

Welder shortage looms in central Indiana, nationwide

Generator-maker finding new ways to get energy

Small-business optimism drops: National business group forecasts slow-but-steady growth in 2007, unlike torrid pace that kicked off last year

Super Bowl travel plans mix business, fun

BULLS & BEARS: How some measures of risk breed investor complacency