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Bill keeps mandate debate swirling: Biz community favors stripped-down option

February 28, 2005

Small-business owner Gail Piltz, who is paying 31 percent more this year than he did a year ago to insure himself and his four employees, has a somewhat radical philosophy regarding health care insurance. His suggestion: Everyone should be responsible for his or her own health care plan, just like they are with their automobile and homeowner’s insurance. That way, he said, people might abuse the system less and make coverage more affordable. Piltz’s proposition has failed to gain traction…

ECONOMIC ANALYSIS: Michigan’s job pain is felt throughout the Midwest

February 28, 2005

At the end of last year, the unemployment rate in Michigan was 7.3 percent. That was more than 2 percentage points higher than Indiana’s. No state in the country had a higher jobless rate. That’s not a big story in the Hoosier State. We have our own economic challenges, after all. But perhaps we should be paying a bit more attention. We’re not exactly immune to the forces that are dealing such harsh blows to the Michigan economy right now….

BEHIND THE NEWS: Setbacks smudge image of Obsidian CEO Durham Stock is down Snapping up firms

February 21, 2005

Tim Durham tells reporters he wants to be the richest man alive. His office sits atop the Bank One Tower, the state’s tallest building. For fun, he adds to his collection of four dozen collector cars. But behind the glitz, Durham is trying to untangle what’s become a real mess at Obsidian Enterprises Inc., the publicly traded manufacturing and transportation firm he controls and leads. In a regulatory filing last week, Obsidian’s independent accounting firm, Minnesota-based McGladrey & Pullen, expressed…

Art screens proliferating: Simon’s Landmark multiplex to threaten tiny Key Cinemas

February 21, 2005

When Simon Property Group Inc. and Landmark Theatres open their art multiplex in December, it’ll boast seven movie screens, stadium seating and a full bar, all under the Fashion Mall’s roof. The local art film crowd is palpably excited that the edgy indies, daring documentaries and foreign films usually found in New York or Los Angeles will be just a stone’s throw from their favorite stores and restaurants. Those films already are shown at Key Cinemas on the south side….

George’s role as team owner draws criticism: Some say purchase is conflict of interest

February 21, 2005

Nine years of hunting for sponsors, recruiting and trying to retain drivers, and managing costs that had nearly doubled in recent years had taken its toll. The founder of locally based Kelley Racing shuttered his Indy Racing League team at the close of last season. And with the close of Kelley Racing, a new era for the Indy Racing League opened. Founded in 1996 as an alternative to CART, the open-wheel racing series stepped into what IRL founder Tony George…

Head of IT firm ensures company primed for growth: She started business to offer customized training but altered her strategy as circumstances changed Strategic decisions “She almost vibrates” Female support

February 14, 2005

Kathy Carrier’s dad was angry when she left a lucrative job at a Fortune 500 company to start her own firm. But four years later, when she won an Ernst & Young Entrepreneur of the Year Award, he told his daughter: “Clearly your vision for yourself was greater than the one I had for you.” In less than seven years, Carrier, 46, has built her Fort Wayne-based information technology writing and training firm, Briljent LLC, into a business with annual…

New-technology veterans take hands-on approach: West Lafayette’s IN-vivo Ventures aids startups

February 14, 2005

Spinning out university research to form new companies is a tricky proposition. But the partners who formed West Lafayette-based IN-vivo Ventures believe they can show would-be academic entrepreneurs what’s behind the curtain. “If an entrepreneur is looking for funding, that’s not what IN-vivo’s about,” said co-founder Chad Barden. “What we are about is identifying good, strong commercial opportunities that lack a business focus, and inventors who lack the business expertise to take it to market.” Every day, scientists and engineers…

ATA may fly solo again, exec says: Restructuring officer sees opportunities ahead

February 7, 2005

The retired Southwest Airlines executive helping pilot ATA Holdings Inc. out of bankruptcy said he’s confident the Indianapolis carrier could again fly solo, despite a virtual pullout from its hometown and what to some is a precarious reliance on code sharing with competitor Southwest. John Denison, former chief financial officer and executive vice president at Dallas-based Southwest, said ATA’s long-term strategy could include boosting frequency of flights from ATA’s Chicago Midway Airport hub to key markets such as New York…

European firm plants local roots in patient technology: Company to start Indianapolis operation after test

February 7, 2005

A British company has picked Methodist Hospital and Indianapolis as the birthing ground for a new way to monitor patients using technology inspired by jet engines. Oxford BioSignals Ltd. hopes to roll out its BioSign technology by the end of this year, but the Rolls-Royce partner won’t leave the city after testing ends. The company also plans to start business operations here, much to the delight of those nurturing the life sciences industry. BioSignals will begin testing its BioSign product…

New La Plaza says adios to independent NFP operations: Three groups uniting to serve Hispanic community

February 7, 2005

It took several years and a couple of gentle nudges in the direction of progress, but a streamlined support system for local Latinos is finally taking shape. Three Indianapolis not-for-profit agencies are giving up their own identities-and autonomy-to populate La Plaza Inc., an organization that aims to position itself as the place for the burgeoning Hispanic community to look for help. “When you have three or four groups working with minimal budgets and overlapping services, it can get confusing,” said…

Study shows lack of women law partners: City firms rank below national average of 17 percent

February 7, 2005

Prominent local attorney Virginia Dill McCarty earned her law degree from Indiana University in 1950, the only woman to do so at the school that year. That trend certainly has changed since then, with far more women entering the bar. Still, the number of women at the highest levels of most law firms is far smaller than many expect it should be, according to a report from the National Association for Law Placement in Washington, D.C. In Indianapolis last year,…

Employers target obesity through wellness programs: Overweight workers contribute to higher health costs

January 31, 2005

Companies enjoy seeing an increase in their bottom line as a reflection of positive growth. They don’t, however, like to see growth in employee “bottoms,” as evidenced by a national obesity epidemic that is becoming a public health crisis and is cutting into corporate profits through increased health care costs. A study by the not-for-profit, nonpartisan Trust for America’s Health reported that nearly 119 million American adults-65 percent-are overweight or obese. The group warns that obesity may soon overtake tobacco…

Carter avoids blame game-so far: Museum proposal doesn’t pass judgment on past practices

January 31, 2005

Now he’s proposing a solution that’s focused on the future-even as it tacitly endorses past spending practices at the Hamilton County living history museum. His plan to establish an independent Conner Prairie and equip it with a $94 million endowment may well resolve the immediate issue, but it won’t answer the questions that drew him into the matter in mid-2003. “There have been serious claims brought to my attention about potential misallocation of trust funds that warrants review by this…

Roche CEO search continues with no end in sight: Sudden departure of Madaus last October opened up broad search for successor

January 31, 2005

Roche Diagnostics Corp. is still searching for a CEO to lead its North American headquarters in Indianapolis, and the company has cast a wide net. Roche is searching “internally, locally, nationally and internationally” for the right executive to replace Martin D. Madaus, spokeswoman Doyia Turner said. Madaus, 45, left in October to become president and CEO of Millipore Corp. in Massachusetts, Turner said. The search is going well, she said, but the company has no time frame for completing it….

Malpractice proposals clash with Indiana law: Federal reform efforts could create confusion

January 31, 2005

President Bush’s proposal to lower health care costs by capping medical malpractice awards could create questions in Indiana, where state lawmakers passed similar legislation 30 years ago. Bush made his case to reform health care earlier this month in Madison County, Ill., across the Mississippi River from St. Louis. The American Tort Reform Association has called the county the “judicial hellhole” of the nation because of a reputation for huge jury awards won by plaintiffs. The president wants to place…

Tsunami relief could hurt fund raising at home: Local agencies hope charitable response doesn’t come at their expense

January 24, 2005

Philanthropic response to last month’s tsunami has mounted along with the death toll, as citizens worldwide open their hearts and their checkbooks to help southeast Asia recover. In the United States alone, international relief organizations have raised more than $400 million, observers estimate, and pledges are still flowing in. But the impressive charitable effort-perhaps second only to the outpouring of support that followed the 9/11 terrorist attacks-has some fund-raisers worried that causes closer to home will suffer. “Sept. 11 taught…

NOTIONS:

January 24, 2005

The other night, former presidents George H.W. Bush and Bill Clinton appeared on my TV. They said the tsunami had been devastating. They said people need help. They asked me to send money. “No one can change what happened,” Bush said. “But we can all Slow tsunami wreaks havoc in Indiana change what happens next,” Clinton said. I went to lunch with my editor. After the waiter announced the specials, he pointed to a tent card on the table. It…

SPORTS: Is there the will to heal college basketball’s ills?

January 17, 2005

I had a terrific lunch-time conversation with someone involved in college athletics, a person whose perspectives I admire because I know he hasn’t come to them easily. The jumping-off point for our discussion was the recent formation of the College Basketball Partnership, or CBP. It is a collection of coaches, administrators, broadcasters and NCAA staff, convened at the urging of NCAA President Myles Brand. Its task is to “address the challenges and opportunities” facing college basketball, especially at the Division…

Workers’ Comp safety net lands in new claims pool: Market of last resort changes way it handles premiums

January 17, 2005

The state ran into problems, though, when several insurers became insolvent, which cost the state more than $1 million in recent years. Starting Jan. 1, all the premiums began going into a trust account, which pays the claims as needed. The insurance providers will not be called upon unless that account runs dry, Cooper said. The state safety net for Worker’s Compensation insurance began the new year with a new plan to pay claims, one that might lead to fewer…

Downtown dining changes flavors: New year brings eatery moves, winner in chocolate war

January 10, 2005

A victor has emerged from the Monument Circle chocolate war, and the spoils go to the Indiana-based warrior. Rocky Mountain Chocolate Factory closed its store at 28 Monument Circle Dec. 31, leaving South Bend Chocolate Co.’s Chocolate CafÃ© next door as the Circle’s sole sweets source. The franchise’s closing is one of several changes afoot in the downtown restaurant scene. Coming attractions include an Oregonbased seafood chain and the return of local favorite Eh! Formaggio, which is shopping for a…

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People

David Bordenkecher

Articles

Bill keeps mandate debate swirling: Biz community favors stripped-down option

ECONOMIC ANALYSIS: Michigan’s job pain is felt throughout the Midwest

BEHIND THE NEWS: Setbacks smudge image of Obsidian CEO Durham Stock is down Snapping up firms

Art screens proliferating: Simon’s Landmark multiplex to threaten tiny Key Cinemas

George’s role as team owner draws criticism: Some say purchase is conflict of interest

Head of IT firm ensures company primed for growth: She started business to offer customized training but altered her strategy as circumstances changed Strategic decisions “She almost vibrates” Female support

New-technology veterans take hands-on approach: West Lafayette’s IN-vivo Ventures aids startups

ATA may fly solo again, exec says: Restructuring officer sees opportunities ahead

European firm plants local roots in patient technology: Company to start Indianapolis operation after test

New La Plaza says adios to independent NFP operations: Three groups uniting to serve Hispanic community

Study shows lack of women law partners: City firms rank below national average of 17 percent

Employers target obesity through wellness programs: Overweight workers contribute to higher health costs

Carter avoids blame game-so far: Museum proposal doesn’t pass judgment on past practices

Roche CEO search continues with no end in sight: Sudden departure of Madaus last October opened up broad search for successor

Malpractice proposals clash with Indiana law: Federal reform efforts could create confusion

Tsunami relief could hurt fund raising at home: Local agencies hope charitable response doesn’t come at their expense

NOTIONS:

SPORTS: Is there the will to heal college basketball’s ills?

Workers’ Comp safety net lands in new claims pool: Market of last resort changes way it handles premiums

Downtown dining changes flavors: New year brings eatery moves, winner in chocolate war