Suburban-hotel mayhem whipsaws entrepreneur
Two of Sanjay Patel’s hotels landed in bankruptcy in November. Four others filed for Chapter 11 protection last year.
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German-American Klub leaders face bill for Oktoberfest
Board members of the south-side German American Klub could be on the hook for more than $20,000 in unpaid rent at the Indiana State Fairgrounds. The bill is from 2008 and 2009, when the club experimented with holding its annual Oktoberfest at the fairgrounds, instead of German Park. The Indiana State Fair Commission goes to […]
JOSEPH: Valuing the entrepreneur’s blood, sweat and tears
More than ever, owners are simply digging in to finance their great idea through their own hard work, time and resourcefulness.
Lilly: Vendors key after Zyprexa patent loss
Lilly’s patent-loss challenges—the biggest of which takes effect today—will force the company to rely even more on its 1,300 Indiana vendors.
KENNEDY: In Indy, it’s still the economy, stupid
You can’t create bike lanes, improve schools, hire police or pick up garbage without money.
KRUGMAN: Occupiers strip Wall Street of immunity
It’s harder than ever to see what, if anything, financiers are doing to earn that money.
STYRING: Government schools are textbook cartels
Try competing with someone who is giving away a product that the law requires you to buy.
Filing shows Durham’s personal finances in shambles
Even if everyone who owed Durham money paid him—which seems unlikely—his assets still would be a fraction of his debts.
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?
More banks processing transactions by date
Fifth Third among them, after being hit with class action over whether to pay customers’ biggest bills first.
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 […]
What does Facebook tell your banker?
In addition to the expected factors like a potential borrower’s credit history and business plan, lenders increasingly are weighing intangibles such as moral character.
Attorney General agrees to return Durham campaign funds
Indiana Attorney General Greg Zoeller has reached a settlement with the Fair Finance bankruptcy trustee to give back $11,000 in contributions he received from indicted financier Tim Durham.
Judge approves legal fees in Fair Finance case
The amount paid to lawyers so far nearly accounts for the entire $1.8 million that a Fair Finance trustee has recovered so far for investors of the Akron, Ohio-based company led by indicted financier Tim Durham.