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Spotlight on Boone County

Spotlight on Boone County Named for American frontiersman Daniel Boone 5 LARGEST CITIES/TOWNS population Lebanon …………………………………….15,186 Zionsville ……………………………………12,352 Thorntown ……………………………………1,579 Jamestown ……………………………………..966 Advance ………………………………………….583 5 LARGEST EMPLOYERS employees CNH – Cat Logistics …………………………..737 Witham Health Services …………………….552 Lebanon Community School Corp………..470 Hendrickson Trailers Suspension Systems……………………………………….358 Pearson Education Inc……………………….294 COUNTY MSA Population 52,701 1,682,815 Median age […]

SPORTS: A smorgasbord of sports, both good and bad

Of this, that and the other: Indiana University has filed its official response to the NCAA infractions committee regarding the violations allegedly committed by former men’s basketball coach Kelvin Sampson. And Sampson has filed his response to IU’s response. He believes he’s been cast as a liar and a cheat. If only it weren’t true. I’m also troubled by his complaint that the IU compliance staff didn’t monitor the basketball coaches closely enough. How about some self-compliance, Kelvin? Fact is,…

VOICES FROM THE INDUSTRY: One man’s trash is a gold mine for privacy violations

National pharmacy chains such as CVS and Walgreens are not the only ones to experience “dumpster-diving” by investigative reporters. These drugstores were merely the first to be featured in media reports about customers’ personal information being disposed of without being destroyed first, a violation of state and federal privacy laws. Diving in Local reporters have since rummaged through the trash of mortgage brokers, title insurance companies, fitness centers, banks, law firms, hospitals and government organizations. While searching through the trash,…

Dwindling unemployment trust nears crisis point: Fund that once held $1.6 billion may face insolvency

Indiana’s Unemployment Insurance Trust Fund is running out of money-fast. It opened this decade with $16.6 billion in assets. By the end of last year, it had dwindled to $302 million. And last month, the Indiana Department of Workforce Development said the balance was just $80 million. Though DWD in early May received $300 million in taxes collected from employers, the infusion is only a shortterm fix. By year’s end, the fund is expected to be short on cash again….

FUNNY BUSINESS: Begging for a Super Bowl: The ego and the bid

And so another Indianapolis Super Duper Bowl offering is in the hands of the immortals, also known as the NFL owners, delivered there by scrubbed, shining, briefcase-toting eighth graders. Now we know how far some adults will go to avoid rejection. The kids were chosen for this mission to, in the words of the organizers, show that the entire community wants to host the 2012 Championship of the World (Not Including All The Countries Outside The United States.) What a…

EYE ON THE PIE: Hoosier wages not growing much

We’ve just come through an Indiana primary in which the competing campaigns kept emphasizing Hoosier jobs. It would have meant more if they had talked about Hoosier wages and salaries. But then, facts are harder to digest than rhetoric. Here are some facts you can chew on. At the start of this century (2000), the average wage (total wages and salaries divided by total number of full- and parttime jobs) in Indiana was $30,401, ranking 27th in the nation. By…

Downtown firm specializes in unusual loans: Equities First Holdings sees growing demand for stock loans as tight credit markets make borrowing tougher

With a cadre of six flat-screen monitors blanketing one side of his desk, Equities First Holdings LLC’s Al Christy Jr. keeps a close eye on the performance of several stocks he’s holding as collateral. No, he’s not some sort of loan shark. He’s what’s known as a stock lender. The unusual premise is that market investors in need of prompt funding transfer shares to Christy who, in turn, lends his clients up to 80 percent of the stock’s value, although…

Crime-scene cleanup company eases burden of trauma victims

On any given day, employees of Bio-Trauma 911 Inc. could be dealing with everything from the mess left by a decomposing body
to a home that’s been declared a biohazard. What may sound like a scene out of “CSI” is in fact a day at the office for the
seven-person crime-scene cleanup company housed in unassuming offices in a strip center on East 56th Street at Interstate
465.

DeBartolo to buy Metropolis from Dominion Capital

Tampa, Fla.-based DeBartolo Development has reached a preliminary agreement to buy Plainfield’s Metropolis mall out of foreclosure
and hopes to hook Macy’s and Bass Pro Shops to anchor a second phase.

Optimedia grows beyond Simon: Media buying company finds local audience for proprietary measurement tools

Optimedia came to Indianapolis 10 years ago primarily to handle media buying and placement for Simon Property Group Inc., which is a client of its sister company, ad agency Publicis. Simon is still Optimedia’s largest client, but the shopping mall developer that once represented all the firm’s business now accounts for less than half. The firm’s shifting client mix wasn’t forced by a drop in business from Simon. In fact, just the opposite is true, said Jay Schemanske, who heads…

Symphony Bank results keep hitting sour notes: CEO hopes to succeed by taking bank ‘to the people’

Symphony Bank’s palatial branch along East 96th Street-outfitted with a copper roof, towering domed ceiling and heated parking lot-was designed to telegraph wealth and stability. But instead, the $5 million Taj Mahal became the most prominent symbol of the bank’s excesses and one reason the startup has lost money every year since its founding in June 2005. The bank, which has no other branches, has torn through two management teams and piled up annual losses of $2 million or more…

Simon, Morris turn up effort to make Fever profitable

The Indiana Fever could spike this year. Ticket sales, sponsorship and the local buzz about the team are on the rise. But
perhaps most important, the Fever have key advocates in the Pacers Sports & Entertainment front office that the team simply
hasn’t had before.

Tax appeals to open flood of business: Lawyers, consultants getting ready

Tax attorney Sandy Bickle looked forward this summer to taking her first two-week vacation since 1976. But the latest property reassessment and the tax bills to follow are expected to generate a slew of appeals, prompting Bickle to rethink her plans. “I’ll probably take one, but it won’t be two weeks,” lamented Bickle, who serves in an of-counsel capacity at Ice Miller LLP. “I expect to be very busy.” She’s not alone. Tax lawyers, consultants and appraisers all likely will…

Clarian blazes trail with transplants, but some question its zeal

Clarian Health this decade has transformed its transplant program into one of the busiest in the country. Its team of surgeons
takes calls around the clock if a viable organ becomes available. They will hop on a charter plane to check out an organ other
doctors don’t want.

INVESTING: Annual meetings provide insight into companies

This is the time of year when the vast majority of publicly traded companies issue financial reports and make public presentations to their shareholders. From March to May, companies fill mailboxes with annual reports and proxy statements. The proxy statement announces the date, time, location and agenda for the company’s annual meeting. For people who enjoy learning about businesses, reading the annual report and proxy materials and then attending the company’s annual meeting is an excellent way to increase your…

Steak n Shake hopes discounts whet appetites: Yet some fear promotions may hurt the brand

In an effort to reverse declining sales at its restaurants, The Steak n Shake Co. plans to roll out a number of new promotions and discounts this summer. During a conference call with analysts May 14, interim President Jeffrey Blade said the Indianapolis-based chain plans to introduce deals such as 99-cent children’s milkshakes and discounted burgers and sandwiches to lure customers back into its stores. The company also is testing $1 kids’ meals, a discounted milkshake “happy hour” from 2…

A&E: A&E road trip: A batch of Broadway

Heading to New York on business or pleasure? Here are four new shows from the current theater season-three on Broadway and one off-Broadway-worth catching. While “South Pacific” may seem like a staple show out here in the Heartland, the new production at Lincoln Center is its first B r o a d wa y a p p e a r a n c e since it debuted in 1949. And a glorious production it is, offering breathtaking set design, lighting…

EDITORIAL: Pricey fuel isn’t all bad: Pain at pump creates opportunity

Pricey fuel isn’t all bad Pain at pump creates opportunity The high cost of fuel hurts everyone, from commuters to business owners to not-for-profits whose volunteer drivers deliver meals to shut-ins. Our whole economy suffers. But there’s a silver lining to gas for $4 a gallon: opportunity. If the price of fuel isn’t coming down, and that seems to be the prevailing wisdom, the only thing to do is adapt. It’s in adapting that there’s opportunity to be found and…

ECONOMIC ANALYSIS: Candidates’ gas plans are just a lot of exhaust

It is an election year, and gas prices are high. Though this is not a mixture that is conducive to candor, the level of policy schizophrenia is amazing. It isn’t that any one policy is necessarily bad; it is simply that the nonsense spouted by the big three candidates has reached a new level. Sen. John McCain’s call for a summer gasoline tax amnesty would certainly provide a bit of cost savings for American families who use this time to…

VIEWPOINT: What is that buzzing in my ears?

Have we lost the desire for genuine conversation? Or maybe it’s more that our opportunities are being robbed. I ponder that statement whenever I find myself meeting a colleague or friend in a restaurant these days. What lengths proprietors go to to create the right first impression with furniture, lighting and finishes. (I work for a design firm, so I notice these things.) In the best situations, these elements create a sense of welcome. They can make you feel cozy…