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INVESTING: Woes of Fannie, Freddie overshadow bank calamity

Wall Street often is nothing more than a game of three-card monte, with the majority of players losing because they were looking at the wrong card. It is challenging enough to make money during bull markets. But during bear markets, the distractions and traps are everywhere, and they are lethal. There is a big distraction right now that is masking what could be the falling domino that sends everything else toppling over. The disaster of the month is the near-collapse…

Accountants predicting even more physician hookups: Katz Sapper, Heaton and Eadie join forces to keep up with fast-changing health care, benefits landscape

Everybody’s doing it. So Heaton and Eadie and Katz, Sapper & Miller decided to get together, too. Katz Sapper announced last week that it will acquire Heaton and Eadie because both Indianapolis-based accounting firms expect their main health care clients-physicians-to link up more and more with one another and with hospitals in the next five years. They want the heft and experience to win the right to handle finance and consulting on more of those transactions. Katz Sapper gets Heaton…

PRICKING up interest: Acupuncture businesses could be on the rise after state drops doctor-referral requirement

A new law that went into effect July 1 says patients no longer need a physician referral before receiving acupuncture treatments. The upshot for a profession that only became legal in the state within the past 10 years is that acupuncturists should benefit from a boost in business. Competition is expected to increase as well, as the favorable conditions could prompt more of them to seek licenses in Indiana. The referral requirement has been a thorn in the side of…

Recession squeezes local logistics industry

State economic development leaders remain bullish on Indiana’s future as a logistics hub even as two local players have been
forced into bankruptcy and others struggle with high fuel prices.

Dry cleaner’s fight against sons’ rare disease could lead to other life-saving treatments

Nathan’s Battle Foundation, led by Phil Milto–who has two sons afflicted with the disease–has evolved over 10 years into
what Milto calls a not-for-profit biotech company that has raised money and guided research that resulted in a promising treatment
for Batten disease. Now, some of the gene therapy techniques researchers developed are being applied to other disorders.

Commentary: This game gave me Fever

It’s time for more people around here to take note of the “other” professional basketball team in town: the WNBA’s Indiana Fever. And that means all the men out there who won’t give women’s basketball a fair shake, the men who think women can’t play the game. I know they’re out there because I was one of them. I stand before you this week humbly acknowledging the error of my ways. I have learned; the women can play! I had…

EYE ON THE PIE: Taking the con out of economics

A marketing professor at the Kelley School of Business used to proclaim he could teach all one needed to know about economics in a week. That was back in the days when faculty would spend a few minutes of the morning hours in the coffee room engaged in friendly banter as well as serious discussion. The coffee room and my friend are both gone, but to me, a teacher of economics, the insult remains. Imagine-denigrating my calling, my faith, with…

SPORTS: In hiring as in knee surgery, timing is everything

Of this, that and the other: Timing, as they say, is everything. The University of Notre Dame lost its athletic director, Kevin White, to Duke University on June 1 and has been actively engaged in identifying his successor. A couple of weeks later, Indiana University announced its athletic director, Rick Greenspan, would resign but serve in lameduck status until the end of the year. Somewhere in the middle of those circumstances was Indianapolis attorney Jack Swarbrick, a Bloomington native but…

Smaller jets take toll on Republic Airways: Half of fleet out of favor with big airline customers

It’s not just the beat-up airline industry that’s troubling locally based Republic Airways Holdings, it’s the aircraft itself. About half the regional jets flown by Republic for major airlines are of a type quickly falling into disfavor with the majors as they buckle under high fuel prices. About 118 of Republic’s 226 aircraft have fewer than 50 seats-too few passengers over which to spread the higher cost of jet fuel to make many of the routes they fly profitable. That’s…

New Martin University president draws ire

In less than four months, new Martin University President Algeania Freeman said, she hit her two main objectives for the state’s
only predominantly black university: cut costs and increase fund raising. But her whirlwind of activity
has not come without controversy.

Once-thriving tennis tournament struggles to stay relevant

A dearth of name players, slumping attendance and an outdated venue have some in the local tennis community wondering if the
Indianapolis Tennis Championships–formerly known as the RCA Championships–needs some serious re-stringing. Attendance at
the nine-day event, which ran July 12-20 this year, was on pace through July 16 to be at a 20-year low.
But attendance is far from the tournament’s only challenge.

Fair trade frenzy drives retailer’s sales: New store also helps not-for-profit Global Gifts’ revenue triple in five years

Times are good for Global Gifts Inc., a local not-for-profit that runs two boutiques where shoppers think globally and buy locally. The retailer is experiencing a growth spurt as it approaches its 20th anniversary-sales have more than tripled in the last five years and leaders are planning a third location to capitalize on the increasing number of central Indiana residents who embrace fair-trade shopping. Fair-trade retailers agree to a set of rules guaranteeing that their products-mostly crafts and agricultural goods…

BEHIND THE NEWS: Steely-nerved investor double dips on ITT stock

Richard Blum is a former mountain climber who once led an Everest expedition. In his day job as a professional investor, he’s almost as daring. Twice in the last four years, his San Francisco-based money-management firm, Blum Capital Partners, has bet big on locally based ITT Educational Services at times other investors were terrified of the stock. Blum, husband of Democratic U.S. Sen. Dianne Feinstein, began scooping up shares in the for-profit education company in February 2004-one day after federal…

Cancer taking lead role at IU: New hospital aims to boost reputation, research

To glimpse the priority list of the honchos running the Indiana University medical complex, drive west along Michigan Street and look north toward the IU Hospital. The 38-year-old facility is now nearly totally eclipsed from view by a sparkling, $150 million addition to the IU Simon Cancer Center, which stretches steel, glass and stone across an entire block between University Boulevard and Barnhill Drive. By bulking up its cancer care and research, IU leaders hope to improve the prestige of…

10 local Starbucks will be among 600 nationwide closings

At least 10 local Starbucks stores are slated to close by early next year as part of a 600-store nationwide purge. The chain
has named only 50 of the stores it plans to close, including two in Indiana, but it has notified the others. Those include
at least six in Indianapolis and stores in Carmel, Greenwood and Beech Grove.

CMG Worldwide takes tussle over vintage baseball cards to court

New York Yankees first baseman Lou Gehrig died in 1941 of a disease that came to bear his name. Six years later, second baseman
Jackie Robinson famously broke through baseball’s color barrier with the Brooklyn Dodgers, earning the league minimum $5,000.
He died in 1972. Mark Roesler believes the best earning years still lie ahead for both legendary players, as well as many
others like them. But first he must untangle their image rights in federal court in Indianapolis.

Carmel’s play for the arts: Some fear it will come at Indianapolis’ expense

The $80 million-plus Carmel Performing Arts Center, a neo-classical-styled concert hall designed to be an acoustical masterpiece, is still two years from opening. But it’s already the source of some dissonance in the Indianapolis arts community to the tune of Mozart’s String Quartet No. 19, in C major. On one hand, Indianapolis-area performing arts groups would sacrifice to theater god Dionysus for a chance to perform at the 1,600-seat music hall or at its adjacent 500-seat theater. But others fret…

RETURN ON TECHNOLOGY: Are applicants snickering over your want ads?

One of the biggest complaints techies have about employers is how their want ads are written. Some techies avoid certain jobs on the basis of their ads alone. It may come as a surprise to HR professionals, but in many cases their ads are received with mingled mirth and sarcasm. There are many sins the want ads commit. One of the most common is just general cluelessness. I’ve seen want ads that request 10 years of experience with a product…

ECONOMIC ANALYSIS: No simple solutions for our property taxes

There has been a common theme in many of the recent op-ed pieces in newspapers throughout the state: Our tax system is hard to understand and full of unnecessary complexities. I disagree, although there was a time when I also worried excessively about the intricacy of the tax system. But now that I am older, wiser and have come to understand that simple answers are usually helpful only for simple problems, my concern has abated. Here’s why: The real angst…