U.S. unemployment rate declines to 7 percent
A fourth straight month of solid hiring cut the U.S. unemployment rate in November to a five-year low of 7 percent, down from 7.3 percent in October.
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Holiday Wish List
The following is a list of Indianapolis-area not-for-profit organizations and the things each needs most. This is an opportunity for businesses and individuals to make tax-deductible gifts in the spirit of the season. Anyone who wishes to make a contribution should contact the organization directly. This list is being published weekly through Dec. 23. Requests […]
Hospitals figure out their own way to game Obamacare’s tax subsidies
In response to insurers’ “zero-premium” strategy, hospitals figure out their own way to game the tax subsidies available in the new Obamacare exchanges: pay premiums for their patients.
Toyota begins production of 2014 SUV in Indiana
Toyota Motor Manufacturing Indiana Inc. says because of the Highlander it has invested another $430 million into the automotive plant in Princeto. Toyota also plans to add 600 more jobs at the factory by the end of 2014.
Pence agenda includes tax cuts, pre-K vouchers
Gov. Mike Pence will ask lawmakers in 2014 to cut more than $1 billion in taxes for businesses, parents and individuals and spend hundreds of millions more on roads, workforce development and preschool for poor Hoosier children.
Colleges go social in quest for young alumni donors
University and foundation leaders throughout the state are trying to find ways to target donors 35 and younger, through online tools that could be critical to future fundraising strategies.
Insurance bargain-hunters might miss out on subsidies
Hoosiers who sign up for “zero premium” health insurance in the new Obamacare exchanges might end up leaving thousands of dollars on the table. An estimated 250,000 uninsured Hoosiers could qualify for health insurance in the Obamacare exchanges that would cost them nothing—at least upfront.
2-1-1 call centers see demand soar, but funding tight
Open 24 hours a day, seven days a week, Indianapolis-based Connect2Help is the busiest of Indiana’s 11 2-1-1 call centers, receiving more than 265,000 calls last year.
HETRICK: You can’t achieve velocity with one foot on the brake
People want not only to visit downtown, but also to live there. But if we are not regarded for livability, how can Indianapolis thrive?
DINING: Getting sauced at Speedway’s Barbecue and Bourbon
Second in a month-long series of new-in-2013 restaurants that we hadn’t previously reviewed.
Kim: Investors must sidestep unnecessary fund taxes
Mutual funds must conform to U.S. tax law to maintain their status, making this a tricky time of year for fund investors holding their shares in taxable accounts (i.e., not in 401(k) or IRA accounts).
Hicks: Health reform among forces stifling economy
Over the next couple of weeks, I will be traveling to many of Indiana’s cities to explain my 2014 economic forecast. I will tell audiences that the national economy will perform poorly, and that we will not return to pre-recession employment numbers this year.
Final piece of city land-swap deal almost done
Indianapolis Fire Department Credit Union officials are set to sign off on a deal with the city to build a facility downtown near College Avenue. That would clear the way for a $43 million project on the credit union’s current Mass Ave site.
Region registering impressive tech-job gains
Indianapolis’ and Carmel’s work forces were so lacking in high-tech jobs in 2001 that the void led to breakneck-speed hiring over the past 12 years as the cities caught up—faster than almost any other place in the United States.
PROXY CORNER: Steel Dynamics Inc.
Fort Wayne-based Steel Dynamics Inc. is one of the largst steel producers and metals recyclers in the United States.
Rusthoven can’t pick his own facts
When I saw that my old friend and former law partner, Peter Rusthoven, was taking on my views about the Affordable Care Act, I was concerned [Nov. 25]. I was afraid that out of friendship Peter would hold back his attack on my opinions. He didn’t do that. Instead, he held back on the facts. […]
Words can skew policy
When I wrote for IBJ last year, the word causing me the most difficulty was “progressives,” which I used in order to ask, “Where are all the progressives?” meaning persons willing to advocate street repair and other basic investments to improve our lives.
The pope and capitalism
American Catholics, including this convert, see much to admire in our new pope. But Catholic conservatives find it frustrating when church pronouncements on political and economic issues embrace leftist rhetoric and ignore reality.
Velocity plan for downtown signals mind-set shift
For too long, we’ve built our downtown primarily as a place to visit—whether for work, a convention or a sporting event—then leave.
Suit slams ex-insiders of Bank of Indiana
Racketeering, fraud and “negligent oversight” are juicy ingredients in any lawsuit. But a recently filed complaint against Bank of Indiana may take the trophy in the otherwise sound-but-sleepy world of Indiana banking, not just for the nature of the allegations but that they’re aimed at the boardroom.