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EDITORIAL: School funding has fatal flaws

A state budget was passed June 30, but it’s balanced on the backs of poor children. Legislators
deserve praise for at least slightly increasing overall education funding, but because of a flawed funding
formula, urban districts such as Indianapolis Public Schools actually will lose money in the next two
years.

Construction jobs trickling in from road stimulus

Federal stimulus money for Indiana highway projects so far has put to work 1,222 people with a payroll of $1.27 million,
according to state records of 42 projects under way in which contractors have reported job data. The work, ranging
from paving to replacing bridge decks, had a total contract value of $39.2 million.

DINING: (Piz)’Za made for the middle of the night

If you’re in Broad Ripple and hungry for pizza, you’ve got lots of options. But what do you do if it’s the
middle of the night on a Thursday and you and your entourage have the munchies? Well, for that very specific
demographic group of pizza eaters, there’s now ’Za, which is open until 4 a.m. Wednesday
to Saturday.

Review: “Walking with Dinosaurs”

There are lots of ways that “Walking with Dinosaurs” (with performances through this weekend at Conseco Fieldhouse) could have compromised itself. It could have turned too jokey. It could have gone anthropomorphic or “Land Before Time” cute. It could have…

Indy Racing League must go international to survive

Like it or not, the Indy Racing League is becoming an international series, with American drivers like
Patrick, Andretti and Rahal and internationally known drivers such as Castroneves, Kanaan, Mutoh and
Meira.

LOU’S VIEWS: Here’s the best from International Film Fest

This year’s Indianapolis International Film Festival gets rolling later this usual, with a bump to summer precipitated
in part by the moving on of its founder to the Nashville Film Festival and in part by the move of most of the fest (minus
parties) to the Indianapolis Museum of Art. We’ve spent the last few weeks reviewing most of the
features in competition.

Why don’t Bush bashers disgust you?

Bashing the president is a time-honored tradition in the United States going all the way back to George
Washington himself and honed to a fine point by the Jefferson/Adams exchanges.

HICKS: Muncie’s status quo is high taxes, poor service

Property-tax caps, as well as a dwindling population and commercial base, have left Muncie in the uncomfortable
situation of cutting budgets. Since the bulk of costs are related to fire and police salaries, few options
are available. The city has turned to the short length of rope the Legislature offered amid the debate
on property tax caps—the Local Option Income Tax.

INVESTING: High-frequency trading comes under scrutiny

A developing case of technology theft has shed light on the proprietary systems Goldman Sachs and other investment firms
use to make millions of dollars. A 39-year-old former employee at Goldman has been accused of stealing computer
code used in the company’s high-frequency trading system.

CEO says new GM will make money, repay loans-WEB ONLY

The new General Motors will be far faster and more responsive to customers than the old one, and it will make money and repay government loans faster than required, CEO Fritz Henderson said today as the company emerged from bankruptcy protection. Henderson said the automaker completed its 40-day stay under court supervision far faster than […]

Hilbert in-law’s life insurance dispute takes odd turn

Local businessman J.B. Carlson contends the $15 million life insurance policy he took out on Stephen Hilbert’s mother-in-law
was legitimate, because she served on his firm’s board and was a key decision-maker. The mother-in-law, Germaine
“Suzy” Tomlinson, died at age 74 last September—just 32 months after the policy was issued.

Bowling centers limit smoking voluntarily

In 2006 the Indianapolis member centers of the Central Indiana Bowling Centers Association Inc. went
smoke-free voluntarily everywhere in their centers, except the bar.

U.S. trade deficit unexpectedly drops-WEB ONLY

The U.S. trade deficit fell to the lowest level in more than nine years in May as exports posted a small gain while the weak American economy pushed imports down for a 10th straight month. The Commerce Department said today the deficit narrowed to $26 billion, a drop of 9.8 percent from April and the […]

City considering new parking meter plan

City officials are considering several proposals designed to wrestle more revenue out of
the city’s roughly 4,000 parking meters, including
the possibility of a long-term lease to a private firm, a move that netted Chicago more than $1 billion
last year.

HUD awards $22M to prevent homelessness-WEB ONLY

The U.S. Department of Housing and Urban Development has given five Indiana grantees a combined $22.9 million to help families avoid homelessness or to quickly find new housing if they lose their homes. State government will receive $16.3 million. HUD also gave $3.9 million to Indianapolis, $1.2 million to Evansville, $874,000 to Fort Wayne and […]

Purdue plans $500 surcharge for new students-WEB ONLY

Purdue University officials plan to start adding a $500 surcharge to the tuition bills of new students. The plan calls for the fee to be waived for in-state students this year only, but be charged to all new out-of-state students starting this fall. Officials say the fee is needed because of an expected decline in […]

First segment of I-69 extension nears finish-WEB ONLY

The first short stretch of the Interstate 69 extension between Evansville and Indianapolis could be finished months ahead of schedule. Work began last year on the about 2-mile segment between I-64 and State Road 68 near Evansville and was expected to be completed in July 2010. But state highway department spokeswoman Cher Goodwin said traffic […]

Gannett cuts cost 37 Star employees their jobs-WEB ONLY

Thirty-seven people were laid off at the Indianapolis Star yesterday and today as part of Virginia-based parent Gannett Co. Inc.’s attempt to grapple with the swooning economy and falling advertising revenue. Seventeen of those laid off were in the newsroom of the state’s largest daily newspaper, including seven editors, which constitutes one-fourth of the editorial […]