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FUND-RAISER

FUND-RAISER Indiana Living Legends Gala, July 18, 2008, raised $113,316. Honors extraordinary Hoosiers for accomplishments on state and national level in a variety of disciplines.

Recession, lockdown of credit hammers businesses of all sizes

Stock markets fell, jobs disappeared, and the outlook for the economy seemed to grow grimmer by the week in 2008. Banks, real estate developers, retailers and manufacturers took some of the worst hits, but all types of businesses in central
Indiana felt the pain.

SBA loan approvals

These businesses have been approved from loans from financial institutions with a guarantee
from the U.S. Small Business Administration.

Tourism chief hired from Seattle

Though few knew what to think when Don Welsh announced in June he was leaving Seattle to become Indianapolis Convention &
Visitors Association CEO, he’s shown he didn’t come here to simply wind down his career.

FINANCIAL PROFILE

FINANCIAL PROFILE 2007 income: $16,342,584 2008 projected income: $8,305,868 2007 expenses: $8,664,646 2008 projected expenses: $8,276,059 2007 assets: $188,174,897 Fiscal year begins: Jan. 1 2007 income 2007 expenses Membership dues 2% Sales, events, other Administration 5% 11% Other 15% Library/ Investment Marketing archive Contributions income 23% 26% 53% 40% Public programs 25%

IU striving to keep tuition affordable

Your Dec. 8 editorial, "State flunking affordability test," quotes liberally from the National Center for Public
Policy and
Higher Education’s recent report, which concludes that 49 of 50 states—including Indiana—deserve an "F"
for their
affordability
efforts. Unfortunately, this grade is based on an analysis that dramatically overstates college costs in Indiana—or at
least
those costs incurred by Hoosiers attending Indiana University.

Twice-bankrupt ATA finally folds

Any hopes that hometown airline ATA would make a comeback and eventually resume scheduled service from Indianapolis were dashed
April 2, when it filed for bankruptcy and ceased operations.

NOTEWORTHY CONTROL

NOTEWORTHY CONTROL Arthur J. Decio Number of common shares: 1,477,784 Percentage of common shares: 17.6 Third Avenue Management LLC Number of common shares: 1,102,720 Percentage of common shares: 13.1 Met Investors Advisory LLC Number of common shares: 1,072,241 Percentage of common shares: 12.8 GAMCO Investors Inc. Number of common shares: 863,150 Percentage of common shares: […]

Government reform effort long overdue

Critics were lined up to oppose Gov. Mitch Daniels’ plan to streamline
local government almost before he left the podium Dec. 19. Big surprise.

Lilly makes $6.5B acquisition

Eli Lilly and Co. CEO John Lechleiter played a game of pharmaceutical poker with former Lilly Chief Financial Officer Jim
Cornelius—and won.

UAW in tough spot as automakers seek concessions

A federal bailout for automakers Chrysler and General Motors won’t fix their problems. I think a bankruptcy of these companies is nearly inevitable.
It might also spell the demise of the UAW.

Fund to fuel ethanol use out of gas

A state fund supporting an 18-cent-a-gallon tax credit for gas stations selling E85 ethanol was exhausted in the first three
months of the state’s new fiscal year.

Here are some other top stories from 2008

Here are some other top stories from 2008 Battered Emmis cuts costs In 2008, locally based Emmis Communications Corp. weathered what may have been the most challenging times in the history of radio. Even as the company’s stock slipped below 40 cents per share, Emmis CEO Jeff Smulyan remained undaunted. Company officials feverishly slashed costs […]