Indianapolis airport traffic jumped in April
Indianapolis International Airport sees first rise in passenger traffic in almost three years.
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State unemployment rate climbs back to 10 percent
Indiana unemployment figure hits double digits in April for the first time since September, showing how volatile the job market
remains.
State opens 2nd biz-development office in China
Zhejiang Province office will be Indiana Economic Development Corp.’s seventh international location.
INSIDE DISH: Ambrosia’s Pizzi hits learning curve
Local restaurateur Gino Pizzi refocuses his new downtown locale after unexpected challenges, including higher costs
and lackluster lunch business.
Congress aims to put some discipline in lending
Congress is getting tougher on both borrowers and lenders blamed for inflating a housing bubble that, when it popped, plunged
the nation into a severe recession two years ago.
Eli Lilly invests in $250M Australian venture fund
The unnamed venture fund will be based in Brisbane, and will focus on biotechnology investments in Australia and southeastern
Asia.
Nordstrom Rack notes
Nordstrom Rack carries merchandise from Nordstrom stores at a minimum of 50 percent off original prices, along with apparel, accessories and shoes bought specifically for the discount stores. The Nordstrom spinoff already has 75 locations in 21 states and has announced plans to add more than 30 new stores by 2012. The Rack stores typically […]
School districts take different paths
Two Indianapolis-area school districts have taken different routes to dealing with large budget shortfalls in the wake of
significant cuts to state education funding. The results speak volumes about the priorities of their local teachers’
unions.
BURNEY: Keep drive for high-ability education
In 2007, the Indiana General Assembly unanimously put into place the requirement for all Indiana schools to identify students
with advanced potential from all groups and provide them with appropriate curriculum and instruction needed to develop their
potential.
Habitat foreclosures on rise
So far this year, Habitat for Humanity of Greater Indianapolis has filed six foreclosure suits, more than in any of the past
five years. The organization also repossessed four houses as a result of the prior year’s foreclosures. In a typical year,
CEO Dean Illingworth said, Indy Habitat takes back one or two houses, so the recent uptick is troubling.
MARCUS: Knowledge economy is not new
Few matters in life are clear and definitive. Sadly, we grow up learning that all can
or should be reduced (or elevated) to mathematical modeling. We have no courses or TV channels specializing in ambiguity,
no college major in uncertainty.
KING: News in the age of instant feedback
Most IBJ editors and bloggers now can access readership stats for every bit of news content on our website. We know
how many times each story, blog and video has been viewed and for how long, for any month, week or day.
Arts Council hopes move, emphasis on donors will help with finances
The Arts Council of Indianapolis soon will move its office from Monument Circle to a smaller space on Pennsylvania
Street with an adjacent gallery. The move is symbolic of the council’s ongoing reinvention, as well as the financial
reality driving that effort.
Bowen Technovation brings educational centers to life
Bowen Technovation has assembled an eclectic group of electrical engineers, journeyman machinists and artists to design exhibits
for museums, science centers and planetariums. Computer systems analysts and audio and lighting experts are also part of the
mix.
EDITORIAL: Business strength benefits city
The recession is dragging on, unemployment remains above 9 percent, and Lilly is chopping its way through 5,500 layoffs.
Business bummers abound. But it’s not all bad news.
HAUKE: Uncertain conditions create opportunities
U.S. markets look like they have at least one more rally on the way at some point in the next few months.
HICKS: State lucky to have community foundations
A good community foundation knows when there is an unmet need. After faith-based organizations, nobody is closer to understanding immediate needs better than a strong community foundation.
Soft Landing: Pay slipped for most execs in 2009, but cuts weren’t deep
Top executives at Indiana's public companies have largely been insulated from the economic crash. IBJ's
review of executive pay found that, although 131 of the 238 executives listed in proxy statements the past two years saw annual
compensation fall in 2009, only 10 experienced cuts of more than $1 million.