Regulators ripped in Irwin Financial postmortem
The Chicago Fed missed several chances to rein in explosive growth before the prominent bank failed. But the deeper question
is, what was Will Miller thinking?
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The Chicago Fed missed several chances to rein in explosive growth before the prominent bank failed. But the deeper question
is, what was Will Miller thinking?
May 7-Sept. 5
Indianapolis Museum of Art
Visitors to the IMA will be spending time sitting on the work of Jeppe Hein when his “Bench Around
the Lake” debuts as part of the Virginia B. Fairbanks Art & Nature Park in June. Things will be more kinetic, though,
when his “Distance” appears in the Forefront Gallery on Friday. The roller-coaster-like creation is activated
by sensors that, with each visitor to the gallery, set a ball in motion over a 1,000-foot track that includes loops and twists.
The track even goes through walls. Details here.
For a sneak peek at the bench/sculpture, click here.
May 10
Clowes Hall
More than 15 performers and groups are featured for just $15 at this annual benefit for the Indiana AIDS
Fund. More than a typical fund-raiser, though, the event is a celebration featuring some of the top arts companies in the
city. The lineup this year includes Dance Kaleidoscope (revisiting its lovely “For Jose”), the Indianapolis Symphony
Orchestra (Bach’s “Air on the G String”), and the Indiana Repertory Theatre’s Milicent Wright with
a scene from “Pretty Fire.” Those who attend will also be treated to musical numbers from Actors Theatre of Indiana’s
“Nunsense” and Indianapolis Children’s Theatre’s “Schoolhouse Rock Live!,” an original
work created for the event by Kenyetta Dance Company. A newcomer to the event is The (Re)Collective Company with a piece for
musicians and dancers. And there’s much more. For details, click here.
The now-defunct Irwin Union Bank and Trust almost tripled in size from 2000 to 2005 as it extended credit to subprime mortgage
borrowers with insufficient collateral.
Watson Pharmaceuticals filed for FDA approval to sell a low-cost version of Eli Lilly and Co.’s osteoporosis medicine. Indianapolis-based
Lilly is seeking a court order that would block approval until three of its patents expire in 2017.
Three Republicans with strong party financial backing won their Indiana House primary races Tuesday, setting up November matchups
with Democrats that could tilt the narrowly divided chamber into GOP hands and decide which party controls redistricting.
Variety calls documentary "refreshing in its methods, impressive in its scope and remarkable in its immediacy."
Indianapolis-based carrier took an $11.5 million charge to write off the Midwest Airlines brand name. Republic is combining Milwaukee-based Midwest with Denver-based Frontier Airlines.
High crude oil prices and lower production hurt the bottom line at Calumet Specialty Products Partners LP, which Wednesday
reported a $13.1 million first-quarter loss. It posted a $75.6 million profit in the first three months of 2009.
Voters in Washington Township, Pike Township, Speedway, Carmel Clay and Noblesville approved
higher tax rates to help prevent teacher cuts or support building projects.
The low turnout could be due in part to the number of people who sought ballots early this year. More than 96,000 early and
absentee ballots were issued statewide.
Democratic Rep. Andre Carson easily defeated three challengers for his party’s nomination in Indiana’s 7th District.
The race for Steve Buyer’s seat became a three-month sprint among 13 candidates after he announced in late January that he
would retire after 18 years in Congress.
Dan Burton is seeking his 15th term from the heavily Republican district after narrowly beating former state Rep. Luke Messer.
In Indiana this fall, Coats will face Democrat Brad Ellsworth, whose nomination is assured. The candidates are seeking the
seat held by retiring Democratic Sen. Evan Bayh.
Clarian will become Indiana University Health early next year in a bet the IU brand carries more punch statewide and nationally.
Plans are taking shape to transform a three-block stretch of Georgia Street in downtown Indianapolis into a pedestrian-friendly
corridor connecting the expanded Indiana Convention Center to Conseco Fieldhouse.
The Carmel-based life and health insurer earned $33.9 million in the quarter, more than 38 percent higher than during the
same quarter a year earlier. Nearly all of that increase, however, was due to lower losses on investments and debt modifications.
Linda Bratcher has been named director of the Indiana University School of Medicine Office of Graduate Medical
Education, overseeing training of its more than 1,000 post-graduate medical trainees. Bratcher succeeds Nancy Baxter, who
served as director for 26 years prior to her retirement at the end of January.
Alon Harris, a professor of ophthalmology and physiology, has been appointed director of clinical research
for the Eugene and Marilyn Glick Eye Institute at the Indiana University School of Medicine.
Ernest Vargo II, a senior consultant at Greenwood-based fund-raising firm Johnson Grossnickle & Associates,
will become president and CEO of Wishard Foundation in June. Vargo takes over for Jim Wood, who resigned last year. Vargo’s
top priority will be guiding the foundation’s $50 million capital campaign for the construction of the $754 million
Wishard Hospital expected to be finished by 2014.