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Most Hoosiers fall under the jurisdiction of 26 separate local government officials. Indiana has 239 library districts, 293 school districts, 886 “special” districts, 1,008 townships and 10,300 local officials. What is it going to take for us to peel off some of these unnecessary layers, which are clogging up government and eating up precious tax […]
Huntington Bancshares last month stopped contributing to 401(k) retirement plans of its 650 Indiana workers. Earlier, Lafayette-based Wabash National Corp. trimmed the amount it gives to 401(k) plans for its 3,100 employees. Ohio-based Huntington, along with Wabash and scores of other Indiana companies, is taking a scalpel to fringe benefit plans to relieve financial pressure […]
This week, familiar objects take on new looks and meaning at the Indianapolis Art Center. There is plenty to like-and plenty to be annoyed by-at the Indianapolis Art Center, which is featuring a trio of related exhibitions through April 19. All deal in some way with existing or found objects. The most ambitious-and least focused-of […]
The most up-to-date report about white-collar job losses in Indianapolis comes every Monday at dawn in the parking lot at St. Luke’s United Methodist Church. The number of cars that pull in to attend the weekly gatherings of the Business and Professional Exchange has more than doubled in the last two months. Inside, men and […]
It’s time to set the record straight. It was not World War II that moved America out of the Great Depression. When we talk about the American economy, we discuss the actual or “real” goods and services produced in this country. To compare one year with another, we must remove price changes so we can […]
A friend asked me to share singular moments or entire movements that have changed the face of intercollegiate athletics over the years. Title IX would be a prime example. On my list was a game that took place 30 years ago this month. It was Michigan State University versus Indiana State University in the championship […]
By now, it seems nearly everyone on the planet has heard of YouTube, Google’s popular video sharing site. You’ve probably either watched a video there-whether for research or to laugh at someone falling down. You might have even posted something. But you might be surprised to know that YouTube isn’t the only such site available, […]
Pittsburgh-based PNC Financial Services Group Inc. acquired struggling National City Corp. on Dec. 31 for $5.6 billion. Before their merger, PNC had no presence here, while Cleveland-based National City had 172 Indiana branches, including 75 in the Indianapolis area. PNC CEO James Rohr, 60, recently sat down with IBJ to discuss the merger, the recession […]
Nadia Alvarado calls herself a salsera. By day she works toward her master’s in philanthropic studies at IUPUI, but five nights a week she lets down her raven hair, dons a swinging skirt and allows herself to be dipped and twirled across any dance floor that’ll have her, as long as there’s salsa music playing. […]
It wasn’t the buzz that finally got us to Siam Square, the Thai restaurant in Fountain Square we’ve heard so much about. No, we were led there by the luck of the draw. Or the spin, as it were. This month, we threw caution-and dining preferences-to the wind and employed the help of the Urban […]
Raising Indianapolis’ tax on hotel rooms-already one of the highest rates in the nation-could be the tipping point that causes conventioneers to bypass Indianapolis, some industry experts say. Marion County hotels already pay 16 percent in sales taxes-the 9-percent innkeeper’s tax, plus the 7-percent state sales tax. An increase in the innkeeper’s tax would push […]
Forget for the moment Brightpoint Inc.’s $344 million loss in the fourth quarter. It was mostly indigestion in the form of a goodwill impairment charge from buying Europe’s biggest wireless distributor in 2007. Just how the recession has gotten Brightpoint’s number is perhaps better reflected in a more mundane measure: After years of torrid gains […]
This week, familiar objects take on new looks and meaning at the Indianapolis Art Center. There is plenty to like-and plenty to be annoyed by-at the Indianapolis Art Center, which is featuring a trio of related exhibitions through April 19. All deal in some way with existing or found objects. The most ambitious-and least focused-of […]
The state’s two biggest pension funds are poised to combine into one Indiana Public Retirement System, with a single executive director and board. And they’ll need only one tourniquet to stem their bleeding. Over the last 15 months, the Public Employees’ Retirement Fund and Indiana State Teachers’ Retirement Fund have hemorrhaged a combined $8 billion. […]
Indianapolis Colts quarterback Peyton Manning is nothing if not professional. So it’s no wonder Manning slipped below the public eye when he lobbied Colts management to keep center Jeff Saturday. Manning has made…
