The stock market rout that began in September and picked up steam in October has taken some quality companies to prices that
are the cheapest they have been in decades.
For me, the weekend included catching up with shows at the Phoenix and the Indianapolis Museum of Art. It also involved stealing moments to read, flipping between David Wild’s goofy new “He Is…I Say: How I Learned to Stop Worrying…
Dr. Catherine Michael, a part-time emergency physician for Indianapolis-based St. Vincent Health, desperately wants Republican John McCain to be the next president. The 39-year-old mother of three gave McCain’s campaign $500 in May because, she said, he will appoint Supreme Court Justices that are antiabortion. Michael, who attends a conservative Presbyterian church, […]
That thud you just heard was the sound of thousands of people falling off the Indianapolis Colts bandwagon. Yes, the argument of how soft—or hard core–this converted football town is, has begun anew….
If you’re feeling threatened at this Sunday’s Indianapolis Colts game at Lucas Oil Stadium, or if some obnoxious fan near you is dropping the F-bomb left and right for all your kids to…
Indiana University President Michael McRobbie said after he met with the finalists in contention to become the university’s next athletic director, there was no doubt in his mind that Indianapolis attorney Fred Glass was the man for the job. “When I kept reflecting on all the characteristics I wanted, I kept returning to Fred Glass,” […]
Indianapolis attorney Fred Glass demonstrated a keen sense of humor during a press conference held this morning to introduce him as the next Indiana University athletic director. Given the expected sanctions on the…
The 13-person search committee charged with finding candidates for Indiana University’s soon-to-be vacated athletic director position has paired its short list down to three candidates, according to two sources within IU’s athletic department.
Indianapolis…
Over the years, the city has made a name for itself by hosting a handful of large conventions and a bevy of small and midsize
gatherings. But as companies and other organizations tighten their belts, the number of conventions
held nationwide is expected to shrink in the months ahead.
Struggling M&I Plaza once again can become a prominent office tower, real estate experts contend, but only if the next owner atones for its predecessor’s mistakes. Local real estate developer Paul Kite Co. had emerged as a top contender to buy the struggling downtown property from Maryland-based CapitalSource Inc., which assumed ownership of the 28-story building in June after foreclosing on a $5 million mezzanine loan. Paul Kite didn’t respond to an e-mail request for comment. But sources say Kite’s…
Republican Sen. John McCain has been unable to achieve the same Indiana fund-raising edge on his Democratic opponent that
President George W. Bush did in past elections. Bush rang up an Indiana fund-raising advantage of $1.7 million over Sen. John
Kerry in 2004, according to the Center for Responsive Politics. And his popularity in Indiana allowed
him to spend those dollars to help him campaign in other states while easily winning Indiana’s electoral
votes. But this election, Sen. Barack Obama had outraised Republican John McCain by $360,000 through the end of August, when
McCain’s decision to take public campaign funds forced him to stop raising funds directly for himself.
Obama did not take public funds, and so has continued to raise money.
As real estate professionals well know, a troubled economy is making it harder to negotiate and close deals. However, buying or leasing real estate in a troubled economy also provides great opportunities for buyers and tenants. Real estate brokers often talk about it being a buyer’s and renter’s market and focus on selection and price; however, there are several other benefits when buying or leasing commercial real estate in a troubled economy. These additional benefits include tax abatements or credits…
Just how big of a deal was the Healthy Indiana Plan? That seems to be the key question dividing Republican Gov. Mitch Daniels and his Democratic challenger, Jill Long Thompson, in their competing plans over health care reform. Daniels’ campaign for re-election points to his administration’s ongoing rollout of the Healthy Indiana Plan as his entire plan for health care reform in his second term. The plan, which uses cigarette tax revenue to offer health insurance and health savings accounts…
Over the last five years, Daleville’s Ontario Corp. has successfully divested two of central Indiana’s larger high-tech firms. It’s had less luck resolving its debts. This month, a federal court in Indianapolis reopened a lawsuit filed three years ago by Charles Craig-one of Ontario’s former executives-and his wife, Barbara. Their complaint alleges Ontario defaulted on $1.3 million in promissory notes. According to court documents, the company east of Anderson provided the couple a series of 10-year notes in 2001 on…
Voters decided last Election Day that they’d had enough of Bart Peterson, but the former mayor is in demand with academics, a think tank, and now the city’s premier leadership network. Peterson is moderator of the Stanley K. Lacy Executive Leadership Series, which introduces “emerging leaders” to Indianapolis and its problems. “It’s something I never went through as a class member. I’ve always envied those who did,” Peterson said of the series, which accepts just 25 applicants each year. “It’s…
The Steak n Shake Co. has hired an executive to improve operating efficiency of its restaurants as part of an overall turnaround plan. The appointment of Dennis Roberts, formerly chief operations officer at Massachusetts-based Friendly’s Ice Cream, was announced in a letter issued late yesterday by Steak n Shake Chairman and CEO Sardar Biglari. Biglari, […]
Where Indiana University is with its search for a new athletic director is anyone’s guess. IU officials are better—much better—at misdirection plays than its beleaguered football team.
Yesterday, IU spokesman Larry MacIntyre told the…
Chinese wins converts IU embraces difficult language as China’s economic influence spreads The rise of China’s economic and cultural stars has ignited the popularity of Chinese language instruction at Indiana University, which is gaining national distinction as a leader in the field. The number of students taking Chinese language classes has grown 110 percent over […]
BOONE COUNTY Town eyeing vacant lot The town of Zionsville is negotiating to purchase a vacant lot in the village’s historic downtown that formerly was occupied by a Shell service station. Town Council members earlier this month voted unanimously to hire two independent real estate appraisers to assess the empty lot at the corner of […]
An acute physician shortage in Indiana is driving a request for an additional $5 million in annual funding to expand enrollment at the state’s only medical school. The Indiana University School of Medicine’s Physician Workforce Task Force conducted a study in 2006 that found the state already had 3,500 fewer physicians than it should. Indiana had 12,534 doctors in 2005-a number that remains relatively flat because the medical school churns out the same number of graduates each year. Over the…
