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Comrades, welcome to the new world order! Please, get in line so we can process your papers. Remember, in the new world, there is no pain. Your benevolent leaders have outlawed all problems. In 1984, I read ”1984,”George Orwell’s novel. I was a little young to grasp the full flavor of the book, but the theme hit a chord with me. I turned to Orwell’s “Animal Farm” a few years later, though, and that work was as clear to me…
What we don’t know does hurt us. Many builders constructed houses assuming there was a continuing strong market of qualified home buyers. Some mortgage brokers and some bankers gleefully ignored or misrepresented the abilities of home buyers to sustain homeownership. Too many home buyers did not bother to learn what their obligations as homeowners would be. They didn’t know about paying property taxes or how adjustable mortgage rates could escalate beyond their capabilities to meet their monthly payments. The companies…
Where is the stock market headed next? It may help to look where it has been. My clients may have grown tired of hearing how the bull market of the 1990s mirrored the Roaring Twenties-maybe because they knew what came after the Roaring Twenties? You remember the history books and your parents talking about the Great Depression. The more articles you read concerning the recent market turmoil, the more this phrase appears: “Worst (fill in blank) since the Great Depression.”…
A baby born of Indiana telecom reform is having some teething pains. AT&T’s U-verse, Ma Bell’s high-tech answer to
cable television’s troika of video/voice/Internet service, has generated several consumer complaints to
state regulators since it was rolled out here in earnest last year. The complaints range from long installation
times to frozen television pictures that require rebooting the system or calling a technician.
Many of us will visit parents over Thanksgiving and the holiday might be just the time to have a hard-to-hold conversation about financial preparedness. While it can be a difficult conversation to have, its important for adult children to check in with aging parents to make sure they have a plan for retirement and estate needs. It is estimated that about 50 percent of American adults do not have a will, which can result in losing control of your financial…
When a littleknown corner of the financial world hit a wall in February, auction-rate securities became an investor’s worst nightmare. Auction-rate securities are long-term corporate or municipal bonds with interest rates that reset at periodic auctions. For years, the market for auction-rate securi ties operated smoothly. From 1984 through 2006, only 13 auction failures were recorded. Then, in February 2008, in the midst of a credit crunch, demand for auction-rate securities dried up, causing auctions to fail. Wall Street investment…
The Anderson money manager known as “Big Joe” got his start as an independent insurance agent in Lafayette. He had been on the job just two weeks before Black Monday struck Wall Street in October 1987. The market shed more than 22 percent of its value, the largest one-day decline in U.S. history. With no clients and no money, the 20-year-old temporarily left the insurance industry and landed a job at AT&T’s old Western Electric division, helping rewire Ball State…
So how was your weekend?
For me, it included a run to Ball State to visit its art museum and check out the student production of the music “Violet” (a show I’ve wanted to see for years that I, unfortunately, missed…
Eli Lilly and Co. will learn a lot about its future today. The U.S. Food and Drug Administration is scheduled to rule on Lilly’s new blood-thinner prasugrel today after a nine-month review of clinical trial data. If approved, prasugrel will go on the market immediately under the name Effient. Prasugrel is the first big test […]
Anderson officials fear they will lose an economic development prospect because tax constraints imposed by the Legislature have crimped the amount of incentives the city can offer. Mayor Kris Okomon mentioned the shortfall in a recent political meeting, saying the city might lose the competition for a foreign alternative energy company. Linda Dawson, who leads […]
Check out this smart Los Angeles Times piece about the “well, duh” observation that culture won’t be a subject for any question during the Presidential debates.
“If I were moderating tonight’s TV debate,” writes Times art critic Christopher Knight, “…
You have to give the folks at Indy Parks and Recreation credit for creativity. How many people would consider turning a world-class sporting facility into a glorified sledding hill and hope to profit from it? Shiver…
Mead Johnson Nutrition Co., the unit of Bristol-Myers Squibb Co. that is being spun off as a separate company, is considering moving its headquarters out of Evansville. Mead Johnson, which makes Enfamil and other baby food products, wants better access for international travel, according to the Evansville Courier & Press. About 40 to 60 employees […]
Indianapolis-based Finish Line reported a second fiscal-quarter profit of $13.1 million yesterday, after posting a $1.8 million loss a year earlier. The 24-cents-a-share profit in the period ended Aug. 30 was better than the 17 cents anticipated by analysts surveyed by Thomson Financial. Sales increased 3.9 percent, to $353.3 million-barely meeting expectations. Sales at stores […]
From architect Bob Hague: “I was a graduate architect just out of school responsible for building the study model, developing the construction documents and construction administration. Was involved in the project for 3 years. The rooftop tours are from 1983…
The Indianapolis Department of Parks and Recreation imagines a future where pieces of the RCA Dome roof are sprinkled throughout the city as everything from picnic shelters to shades for pool lifeguards. Director Stuart Lowry said the district hopes to salvage as much of the seven-plus acres of roof as can be taken down safely […]
Indy Racing League driver and team owner Sarah Fisher this afternoon was honored at the fifth annual Indy’s Best & Brightest under 40 Awards in front of a crowd of 650 business professionals…
Three-quarters of Indiana stocks for which short-selling has been banned have lost value since the ban took effect last week. Fifteen of the 20 Indiana financial services firms put on the list by the U.S. Securities and Exchange Commission on Sept. 18 have seen their shares drop. The SEC banned short-selling because of concern that […]
Zionsville-based Traders Point Creamery has named a former Ben & Jerry’s executive as president. Charles “Chuck” M. Green said he plans to double sales to more than $5 million within the next 12 months, possibly by forming a cooperative with farmers to supply milk from grass-fed cows. Traders Point produces organic cheese, milk, yogurt, ice […]
