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Area home-sales slump continues in December

Home-sale agreements last month dropped 15.4 percent compared to December 2009, capping a year in which sales overall dropped 10.9 percent from the previous year.

Also this week

Favorite characters from Pixar take to the skates in “Toy Story 3 on Ice” at Conseco Fieldhouse Jan. 19-23. Details here.

Student singers take the spotlight in “Indiana’s Rising Stars,” presented by Encore Vocal Arts Jan. 14 at the Basile Opera Centre. Details here.

Director Peter Bratt, son of actor Benjamin Bratt, visits the Indianapolis Museum of Art to present and discuss his film “La Mission” on Jan. 13. Details here.

Noise! Cabaret returns to the White Rabbit Cabaret Jan. 14 for more late-night, open-stage singing from the Indy performing arts community. Details here.

“The Lean Years”

Opening Jan. 13
IU Cinema, Bloomington
A few months ago, I had the pleasure of taking the new IU Cinema on a test run—spending an afternoon losing myself in David Lean’s Academy Award winning “The Bridge on the River Kwai.”
My memories of the film—except for the ending—were fuzzy. On TV, it always felt overly long. But the screening was revelatory, with the new room’s state-of-the-art sound and image—and a newly restored print—bringing out the glory of what I now consider a truly great film.
Want to have an experience like I did? The newly opened IU Cinema is showing David Lean films all week, beginning with “Lawrence of Arabia” on Jan. 13 and continuing with “Kwai” on the 16th, “Summertime” on the 17th, “Dr. Zhivago” on the 24th , “Brief Encounter” on the 30th, and “Great Expectations” on the 31st.
That’s just the beginning. A “John Ford Searches West” series—including “The Grapes of Wrath,” “The Searchers” and “The Man Who Shot Liberty Valance”—starts Jan. 21. And there’s more all semester long. Most events are free. Details here.

Harlem Globetrotters

Jan. 15
Conseco Fieldhouse
This time, the twist is that 4-point shot spots will be added to each side of mid-court, 35 feet from the basket. Would such an innovation liven up NBA games? I’m not sure—but I have a pretty good idea from where the game-winning basket will be shot.
And, yes, the antics of the clown princes of basketball qualify as arts and entertainment. Details here.

“Terry Border: Bent Objects”

Jan. 17-Feb. 11
CDFAC Art Gallery at the University of Indianapolis 
Last year, Terry Border’s book of whimsical photographs “Bent Objects: The Secret Life of Everyday Things” (Running Press) was an unexpected treat that still has a place on my family room coffee table. Every page—featuring ordinary objects (from cheese puffs to paper clips) transformed into comic moments—is a smile.
Now an exhibit based on the book will be seen in Border’s hometown, thanks to the Christel DeHaan Fine Arts Center. I’ve said it before and I’ll say it again: Pixar should be calling any minute. Details here.

Lucas thinks Indy will get Super Bowl on regular rotation

Lucas Oil founder Forrest Lucas said the title sponsorship deal his company signed has doubled the firm's brand image. He said the deal's value far exceeds the $20 million annually his company is paying, and that value will be increased by next year's Super Bowl.

“The Diary of Anne Frank”

Jan. 18-Feb. 24
Indiana Repertory Theatre
If you saw this famed play in high school or caught the film on TV, you might be surprised at some changes on stage at the Indiana Repertory Theatre. 
Playwright Wendy Kesselman has eliminated from the 1955 script written by Frances Goodrich and Albert Hackett much of what was considered by many to be soft-peddling of the subject matter. Now, according to reports on the New York production of this version (which starred a 16-year-old Natalie Portman), the play includes material from the complete editions of the diary published after the original play premiered. There’s a stronger sense of the impending danger beyond the attic walls. And the characters’ ethnicity isn’t downplayed or Anne’s optimism overplayed.
In the lead at the IRT will be Chicago actress Rebecca Buller, who recently appeared in The Goodman Theatre’s production of “The Seagull.” Given that she was part of, in that show, the finest ensemble cast I’ve seen in my life, I’m optimistic about what she’ll bring to “The Diary of Anne Frank.” Joining her are IRT regulars Robert Johansen and Constance Macy. Details here.

Stadium construction issues nearly resolved

More than two years after it opened, some construction problems persist at Lucas Oil Stadium, particularly with outside lighting and with some of the plumbing. The work was performed by contractors that are now defunct.

Casinos to escape smoking ban proposal

An estimate from a nonpartisan agency showed a statewide smoking ban that includes casinos could cost Indiana more than $180 million in lost gambling tax revenue.

Guidant to appear in federal court for sentencing

Boston Scientific Corp.'s Guidant unit hopes to end a criminal case accusing it of failing to properly disclose changes made to some implantable heart devices when it appears in court Wednesday.

Local tech consultant to expand, add 60 jobs

Indianapolis technology firm MMY Consulting Inc. will spent $700,000 to expand its local operations, economic development officials said early Wednesday, nearly doubling its staff over the next four years.

Deal could give Lilly full diabetes deck

Eli Lilly and Co.’s diabetes partnership with Boehringer Ingelheim GmbH represents a new kind of disease-focused strategy that some consultants think is key to pharma companies’ futures.

Q&A: Derek Bang

Derek Bang, practice leader of health care advisory services at the Crowe Horwath accounting firm in Indianapolis, spent a week in March studying health care in the United Kingdom, especially its universal health care program. He was surprised by the “daily barrage of criticism” he heard about the National Health Service, but also found that the United Kingdom and United States face very similar issues when it comes to constraining growth in health care costs.

Company news

Indiana University researchers won a $7 million, four-year grant from the National Institutes of Health’s Human Microbiome Project. Barbara Van Der Pol, an epidemiologist at the IU School of Medicine, and David Nelson, a molecular biologist at IU’s Bloomington campus, have been named co-investigators on IU's portion of the project, which has already been operating under the leadership of Dr. J. Dennis Fortenberry, professor of pediatrics at the IU School of Medicine. The researchers are studying at a microbial level sexually transmitted diseases in Hoosier men, which often lead to pain during urination and sex.

The School of Science at IUPUI won a $943,000 grant from the National Science Foundation to help minority students pursue careers in life sciences research. The money will fund the IUPUI Undergraduate Research Mentoring in the Biological Sciences Program, beginning this spring. Two-year fellowships will pay stipends to selected science students to conduct intensive research on “biosignaling,” the ability of cells to respond to their environments. The students also will attend seminars and presentations designed to help them toward a career in bioresearch. Lastly, the students will be paired with minority mentors who already hold graduate degrees.

Warsaw-based Zimmer Holdings Inc. Chief Executive David Dvorak said that demand for hip- and knee-replacement procedures will recover in the second half of 2011, when consumers have jobs and insurance again. "There will continue to be an impact until unemployment rates are reduced and [insurance] enrollment rates go back up," Dvorak told investors in a presentation at a conference hosted by J.P. Morgan in San Francisco, according to Reuters. "We're going in the right direction, but it's a slow recovery," he said. Sales of orthopedic implants, which Zmmer manufactures, have been especially hard-hit during the recent recession, as patients out of work or short of cash put off elective surgeries.

WellPoint Inc. expects its profit this year to exceed $6.60 a share, the company announced Monday at the J.P. Morgan health care conference in San Francisco. Such a performance would slightly beat the expectations of Wall Street analysts, who currently predict 2011 profit of $6.57 per share for the Indianapolis-based health insurer. Analysts expect the same amount of profit when WellPoint reports its 2010 results on Jan. 26, according to a survey by Thomson Reuters. WellPoint provides health benefits to 33.5 million Americans, more than any other company. But the job losses of the past two years have kept its profits from growing.

An experimental drug being developed by Eli Lilly and Co. doesn’t appear to help with digestion as much as existing drugs, according to a staff report released Monday by the U.S. Food and Drug Administration. According to Bloomberg News, Lilly’s drug liprotamase, also known as Solpura, is designed to help patients suffering from poor digestion due to cystic fibrosis, chronic pancreatitis or other conditions. Outside advisers to the FDA are scheduled to meet today in Maryland to review whether the drug should be approved for those patients. The panel of advisers will issue a non-binding recommendation to the FDA, which will make the final decision. Indianapolis-based Lilly got rights to Solpura in July when it purchased Massachusetts-based Alnara Pharmaceuticals Inc. for up to $380 million.