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ECONOMIC ANALYSIS: Social-responsibility movement has a dark side

Identifying corporate villainy is a delightful pastime that virtually all of us have reveled in at some point or another. There are only two problems with this form of entertainment. A description of the first comes simply stated to us from the Gospel of John as “he who is without sin cast the first stone.” The second problem is a general lack of intellectual rigor in the debate. The heavily funded attacks on corporate America come primarily from organizations with…

VIEWPOINT: Business needs a different mind-set

Daniel H. Pink, in his intriguing new book, “A Whole New Mind: Moving from the Information Age to the Conceptual Age,” said, “The new era we are entering will be characterized by ‘right brain’ processes as opposed to the ‘left brain’ functioning of the more technical information age we’re exiting. These days, left-brain functioning is being done more efficiently and effectively by computers.” “Right-directed thinking,” as Pink calls it, is uniquely human and is about design and interpersonal relationship. My…

A&E: Chinese art from within and without

This week, China art at the Indianapolis Art Center. And a famous scroll finds itself in remarkable company at the Indianapolis Museum of Art. Anyone who has set foot into the Indianapolis Art Center has bumped into the name Fehsenfeld. It is, after all, half the moniker of the center’s Churchman-Fehsenfeld Gallery. And so I think some skepticism was to be expected when I heard that one of the two artistic worlds showcased in the Indianapolis Art Center’s “Two Worlds,…

EYE ON THE PIE: Recollections of a departed friend

“I heard the news,” Sorethroat says. “It’s a shame and a surprise. Funny how you think there’s always time and then there isn’t. I talked with him just a week ago and we discussed plans to have lunch.” “Same here,” I say. Sorethroat, my inside informant at state government, and I are on the steps of the Capitol. We’re reflecting on the life and death of Chuck Coffey, a good man and a good friend. “He worked in this building…

Midfield, stadium projects boon to minorities: In most cases, participation goals were met, exceeded

Between construction of the Indianapolis Airport’s midfield terminal and Lucas Oil Stadium, John Thompson’s companies have won $11.5 million in work. His plumbing and electrical supply distributorships, as well as his consulting and engineering firms, all at the corner of 22nd Street and College Avenue, collectively have grown annual revenue to $50 million. Such revenue growth would have been impossible for Thompson and scores of other minority and female business owners if not for projects that require their participation. “I…

Candidates surface for IU’s athletic director job

Well-known names are bubbling to the top as speculation heats up about who will replace embattled Indiana University Athletic
Director Rick Greenspan and how much money the job will command. Greenspan announced June 26 that he’ll step down at the end
of the year. The decision came after the NCAA added to the list of charges facing IU’s men’s basketball program over rules
violations under former Coach Kelvin Sampson.

Ralston Square development lures bar, hotel, bowling alley

A trendy bar and an upscale hotel have agreed to anchor the 11-story Ralston Square project slated for South Street between
Meridian and Pennsylvania streets. The developers of the $60 million mixed-use project are moving forward after landing the
tenants necessary to secure a loan commitment, said Brian Epstein, president of locally based Urban Space Commercial Properties
and a partner on the project.

RETURN ON TECHNOLOGY: Go ahead, let your employees work and play online

On June 18, CNN (www.cnn.com) had a story about a study in CyberPsychology and Behavior Journal (www.liebertpub.com) that examined how people use the Internet for personal use at work. It was supposed to be eye-opening, but it wasn’t to me. The study showed that managers who fret and make rules about Internet use by employees are probably using it themselves for the same purposes. Of course, no manager would ever let himself be seduced into wasting company time, would he?…

You-review-it Monday

It was a long weekend. Surely you found some entertainment beyond the barbecue.

Like me, did you take the opportunity to visit with the Indianapolis Symphony Orchestra at Conner Prairie…on with the Sanders Family in “Smoke on the Mountain: Homecoming”…

Printing Partners buys direct mail firm

Printing Partners Inc., one of the larger commercial printers in the Indianapolis area, has acquired Budget Direct Mail for a price the printing firm describes as greater than $500,000. The printing firm will use the direct mail acquisition to vertically integrate direct mail campaigns. The company now will be able to develop, produce and implement […]

Steve & Barry’s might close 100 stores

Steve & Barry’s LLC, a clothing retail chain with stores in Washington Square and Lafayette Square malls, is considering closing 100 stores as it struggles to pay its debts, according to published reports this week. It isn’t clear how many stores would close, and whether any closings would sweep in the Indianapolis locations. In a […]

Are job cuts next for WellPoint?

WellPoint Inc.’s main rival announced yesterday it would slash 4,000 jobs in order to save money as its profits sag. Will other health insurers follow the lead of Minnesota-based UnitedHealth Group? They have few other options to substantially reduce costs, said Les Funtleyder, a health care analyst at Miller Tabak & Co. in New York. […]

Gordon selling humble pie in L.A.

Indiana guard Eric Gordon took his show—which could easily be titled Midwest Manners and Sensibility—on the road to L.A. yesterday.

And while Gordon came across a bit timid, most of the crowd loved him.

Gordon…

Cooper Tire to build big warehouse at Franklin

Cooper Tire & Rubber Co., the Findlay, Ohio, tire manufacturer, plans to move a warehouse operation to Franklin from Dayton, Ohio. The 808,500-square-foot building will be located in Franklin Tech Park near I-65, and open in 2011 with 60 workers, according to the Daily Journal of Franklin. Cooper has asked for $275,000 in local tax breaks […]

Flood causes $100M in damage for Cummins

The flooding that socked central and southern Indiana on June 7 created more than $100 million in damages to Cummins Inc., the Columbus diesel engine maker. Insurance will cover all costs but the deductible, the company told The Republic of Columbus. Most of the damage was confined to the Technical Center, and the research and […]

BorgWarner lays off nearly 200 in Muncie

Some workers at BorgWarner Automotive’s plant in Muncie believe a layoff last Friday could signal an early end to the plant, according to The Star Press of Muncie. The Auburn Hills, Mich., company issued the notices to 193 employees – about half the work force – as the annual summer break was about to get […]

Forbes: Hamilton is top family county

Hamilton County is the best place in the country for raising families, Forbes magazine said in a recent ranking. Hamilton County boasts good schools, low-priced housing and cost of living, and fairy short commutes, the magazine said. The ranking included counties with at least 65,000 residents. Hamilton has 250,000. Good schools were given high priority. […]

Michigan’s pain, Indiana’s gain

Detroit keeps turning out bad news, what with General Motors, Ford and Chrysler losing market share and Volkswagenâ??s
announcement last fall that it would abandon the city and move its U.S. headquarters to Virginia.

Now Volkswagen is days away from unveiling…

Danica, Dixon nominated for ESPYs

Indy Racing League drivers Danica Patrick and Scott Dixon have been nominated for ESPY awards to be presented July 20 on ESPN.

Patrick, the Andretti Green Racing driver who is fifth in the standings…