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STATEHOUSE DISPATCH: Tax talk begins to make Republican lawmakers hinky

February 14, 2005

Perhaps the most surprising aspect of this session’s first five weeks has been all the talk about imposing or raising taxes. A surfeit of Republicans ran for assorted offices last year complaining about the condition of the state budget, but pledged to bring it back into balance by attacking fraud and waste, and simply cutting more programs. Many Democrats who ran against them acknowledged budget “issues,” but suggested they could be managed and the budget would not be balanced on…

SPORTS: How do I love sports? Let me list the ways

February 14, 2005

Lance Armstrong beating cancer, the Tour de France field and the French press. The Red Sox, down 0-3, over the Yankees. Never say never. “And down the stretch they come!” at the Kentucky Derby. “Gentlemen, start your engines,” at the Indianapolis Motor Speedway. The alpenglow on the San Gabriels above the Rose Bowl late in the third quarter. A three-pointer to win at the buzzer … unless it’s against the Pacers. Hinkle Fieldhouse, anytime. Amen Corner on an April Sunday…

Eco suit spawns flurry of litigation: Class actions hit Honeywell in wake of thermostat fight

February 14, 2005

Industrial powerhouse Honeywell International Inc. suddenly finds itself under siege by an army of aggressive class-action attorneys-all because it decided to mess with a couple of determined entrepreneurs from Lebanon. Attorneys from around the nation in recent months have filed six class action lawsuits in state courts charging New Jersey-based Honeywell used deception to obtain the trademark for its ubiquitous round thermostat, then used its lock on the round-thermostat market to overcharge customers. T h e l eg a l…

City convention planners working on transition strategy: Keeping event clients content during expected stadium construction, expansion of center crucial to success Smooth transition critical Contingency plans

February 14, 2005

The city’s hospitality industry might want to adopt the weathered “no pain, no gain” expression as its mantra until the proposed expansion of the Indiana Convention Center is completed, presumably in 2010. Construction of the 275,000-square-foot addition to the center should begin in 2008, pending legislative approval of a $500 million stadium financing deal for the Colts. The Convention Center expansion is expected to cost $250 million, and its financing and location hinge on the stadium deal. Work on the…

Movie theater ads spark big-screen debate: Appeal of captive audience and demographics push advertising sales to record levels, prompting backlash

February 7, 2005

Ron Keedy can be found taking tickets, popping popcorn and sweeping floors at Key Cinemas on Indianapolis’ south side. There’s little Keedy won’t do to build customer loyalty at the two-screen cinema he owns. What he won’t do is sell advertisements to go along with the first-run, often offbeat films he shows. Keedy thinks movies are art, and there’s no place for commercial ads in the art his patrons pay to see. “Maybe I’m a purist,” Keedy said. “I feel…

CHRIS KATTERJOHN Commentary: Legislature has big responsibility

February 7, 2005

CHRIS KATTERJOHN Commentary Legislature has big responsibility We stand on the threshold of greatness. Wait; let me say that again. “We stand on the threshold of greatness.” Now, say it to yourself, making sure to insert a pregnant pause after the word “stand” and imagining you hear it in the booming radio voice of FDR. It’s one of those platitudes that could’ve been contrived by a speechwriter for any number of inaugural addresses, including those of Franklin D. Roosevelt, John…

BEHIND THE NEWS: Sales are sizzling at Steak n Shake Minting Managers Sticking with steakburgers

February 7, 2005

When shareholders of The Steak n Shake Co. gather for their annual meeting this week, expect a lovefest. Peter Dunn, who joined the company as president in September 2002 and added the title CEO last year, seems to be doing a bang-up job reinvigorating one of the nation’s oldest restaurant chains. Choose whatever measure you like: Since Dunn’s arrival at the Indianapolis-based company, Steak n Shake shares have appreciated 92 percent, whipping the 46-percent gain for the S&P 500-stock index….

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,…

JOHN KETZENBERGER Commentary: A line on city’s stadium plan

January 31, 2005

Don’t bet on gambling revenue as the source of money that nearly doubles the size of the Indiana Convention Center and builds a new stadium just across the railroad tracks. The smart money rides on the notion Sen. Luke Kenley, R-Noblesville, will take up Mayor Bart Peterson’s invitation to find another source of revenue to back the bonds for the $900 million project. The chairman of the newly created Senate Tax and Fiscal Policy Committee isn’t being coy by revealing…

NOTIONS: Modest proposal to make regional officials heroes

January 31, 2005

TO: Elected officials in Boone, Hamilton, Hancock, Hendricks, Johnson, Madison, Morgan and Shelby counties FROM: Bruce Hetrick, Marion County Center Township peon Years ago, I wrote an advertisement for my boss. Under the headline “A different drummer,” it began: “One way to lead is to find a parade and step before it. A better way is to start the parade and keep it going.” Well, my friends, as stewards of central Indiana’s suburban communities, you face an unprecedented opportunity to…

BEHIND THE NEWS: REIT run leaves analysts ‘worried and optimistic’Ex-executive settles with SEC

January 31, 2005

Mall developer Simon Property Group Inc. and many of the nation’s other top real estate investment trusts have earned investors huge returns since 2000, so huge that continued gains seem unlikely. Or do they? That’s the million-dollar question as investors close the book on 2004, one of the best years in the history of REITs. For the 12 months, Simon posted a total return of 47 percent, while REITs overall returned 31 percent. It was the fifth straight year REITs…

Duke scratches spec itch on far north side: Nine Parkwood doesn’t signal new building boom

January 31, 2005

A strong leasing year in the Meridian corridor Class A office submarket led Duke Realty Corp. to break ground on a speculative office building, but local experts don’t expect other developers to follow Duke’s lead anytime soon. Site work has begun on Nine Parkwood Crossing, the final building in Indianapolis-based Duke’s project on 96th Street east of Meridian Street. Completion is set for January 2006. Minnesota-based American Family Insurance will occupy 45,000 square feet of the building, moving its offices…

WellPoint gets warm welcome on market: Analysts see many reasons for stock’s attractiveness

January 31, 2005

The new year dawned bright for WellPoint Inc., with the freshly formed company’s stock price in the middle of what one analyst called “somewhat extraordinary” growth. Shares for the insurer jumped nearly $8 apiece on Dec. 1 to close at $109.10 the first day they traded under the WellPoint Inc. name. Before that date, the shares traded under Anthem Inc. Steady growth continued from there. The price hit a 52-week high Jan. 19 when it closed at $123.60, according to…

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…

STATEHOUSE DISPATCH: Boards and commissions moratorium prompts concern

January 31, 2005

Expect House Bill 1188, authored by Rep. Rich McClain, R-Logansport, and awaiting a hearing in the new Committee on Government and Regulatory Reform, to provoke a lot of questions and controversy. In fact, the measure already has caused some panic among assorted business, professional, trade and local government interests. McClain’s measure, which should receive a favorable reception in the new panel chaired by red-tape-busting Rep. Jim Buck, R-Kokomo, would place a one-year moratorium on the operation of all-yes, all-statutorily created…

Telecom bill would cut power of state regulators:

January 31, 2005

Legislation backed by SBC Indiana would dial down the state’s authority to regulate telecommunications in the face of new competition from wireless and cable TV providers. House Bill 1518 likely faces static from regulators and consumer interests in its call to block the Indiana Utility Regulatory Commission from setting pricing and terms on basic phone service after 2007, and to strip the agency’s leverage over broadband services. As a practical matter, the IURC already lacks authority on broadband, given previous…

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…

Studies praised, panned in convention, stadium debate: Proponents say marketplace provides more evidence

January 31, 2005

Numbers may well tell the story about the need for a larger convention center and new stadium in Indianapolis, but the question remains: Is it fact or fiction? Even as proponents work to sell lawmakers on a plan to expand the Indiana Convention Center and replace the RCA Dome, some skeptics aren’t sold on all the information used to make the case. “There are a lot of questions [decision makers] ought to be asking,” said Rick Eckstein, a Villanova University…

SPORTS: Old-timers lace ’em up for big game in Miami

January 31, 2005

MIAMI-As individuals, we are a psychiatrist, a dentist, a college fund-raiser, a couple of small-businessmen, a couple of distributors of adult beverages, and one old and mostly broken-down sportswriter. But, collectively, we are a basketball team, wearing the uniforms of the Indiana Pacers, our names sewn on the backs; receiving first-class coaching and instruction; practicing on the floor of Conseco Fieldhouse; road-tripping to Miami; staying in premium digs; having team meals; getting pregame inspiration from none other than Pacers coaching…

ECONOMIC ANALYSIS: Convention centers as economic development

January 31, 2005

It was more than 50 years ago that suburban growth began to explode and central cities haven’t been the same since. Businesses have gradually followed new housing and population growth out to the fringes of one urban area after another over the decades, to the detriment of many a downtown. The trend continues unabated and the central business districts in some large and medium-size cities have yet to recover. Their vibrant, dominant role in economic activity is just a memory,…

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Articles

STATEHOUSE DISPATCH: Tax talk begins to make Republican lawmakers hinky

SPORTS: How do I love sports? Let me list the ways

Eco suit spawns flurry of litigation: Class actions hit Honeywell in wake of thermostat fight

City convention planners working on transition strategy: Keeping event clients content during expected stadium construction, expansion of center crucial to success Smooth transition critical Contingency plans

Movie theater ads spark big-screen debate: Appeal of captive audience and demographics push advertising sales to record levels, prompting backlash

CHRIS KATTERJOHN Commentary: Legislature has big responsibility

BEHIND THE NEWS: Sales are sizzling at Steak n Shake Minting Managers Sticking with steakburgers

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

JOHN KETZENBERGER Commentary: A line on city’s stadium plan

NOTIONS: Modest proposal to make regional officials heroes

BEHIND THE NEWS: REIT run leaves analysts ‘worried and optimistic’Ex-executive settles with SEC

Duke scratches spec itch on far north side: Nine Parkwood doesn’t signal new building boom

WellPoint gets warm welcome on market: Analysts see many reasons for stock’s attractiveness

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

STATEHOUSE DISPATCH: Boards and commissions moratorium prompts concern

Telecom bill would cut power of state regulators:

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

Studies praised, panned in convention, stadium debate: Proponents say marketplace provides more evidence

SPORTS: Old-timers lace ’em up for big game in Miami

ECONOMIC ANALYSIS: Convention centers as economic development