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INVESTING: Complexity of investments is a big part of problem

I recently visited the town of Concord, Mass., known not only as the site of the “shot heard ’round the world,” but also as home to many influential authors during the 1800s. Just outside town is Thoreau’s Walden Pond, and in Concord you can visit the homes of other writers of the era, including Emerson, Alcott and Hawthorne. If any of these literary transcendentalists were around today, it is doubtful they would care much, if anything, about the evolution of…

Market Tower owners put it up for bid despite tough market

The owners of Market Tower–the city’s fourth-tallest skyscraper–tried to sell the 31-story building this month but apparently
were unable to generate bids that met expectations. The timing of the sale–at a point when financing large deals is difficult–suggests
the owners may be eager to unload the asset.

VIEWPOINT: Lest we forget, ‘solid and stable’ is good

“I moved to Indiana on purpose,” I’ve been telling people since the move from Florida last August. The Indianapolis area attracted me and my business for a number of reasons-reasons which, I’m more convinced each day, Hoosiers take for granted. Someone might want to consider the good that’s right in front of our collective noses: Unlike Florida, whence I emigrated, people here know who can get things done, where businesses are, and whose reputation is good. A state full of…

Former ATA workers receiving free, fast help: Ivy Tech, WorkOne team up to help those displaced

Less than a week after ATA Airlines Inc. filed for bankruptcy and shut down April 3, Barbara Greene, a 24-year employee, was feeling good about finding a new job. The 52-year-old former government affairs worker coordinated the issuance of permits planes needed for landing in or flying over other countries. Her years with the airline included work with international agencies and travel to foreign locales. She credits her positive outlook to the help she’s receiving from a WorkOne training center…

Making Hoosiers more educated is a tricky task ECONOMIC ANALYSIS:

One thing that virtually every bit of serious research on education has revealed is that parents play the biggest role in educational outcomes. My own work in this area found that more than 90 percent of the differences in regional educational attainment can be attributed solely to the educational history of parents. Families play a far bigger role in educational success than any differences that occur across schools. So, what then does this mean for public policy? In my last…

VOICES FROM THE INDUSTRY: Weak dollar can actually help Hoosier manufacturers

As the U.S. dollar continues to weaken against foreign currencies, it actually benefits many Indiana companies that are actively pursuing sales abroad. M a n u fa c t u r e r s should pursue crossborder sales and supply-chain relationships to capitalize on the improved price points resulting from the lower dollar. However, manufacturers should be aware of the reach of U.S. patent law, which U.S. courts are regularly extending to cover activities performed outside our borders. Capitalizing on…

BEHIND THE NEWS: Plans in beaten-down state test HHGregg’s strategy

HHGregg Inc.’s audacious expansion strategy is about to get its biggest test. Since 1999, the Indianapolis-based electronics and appliance retailer has charged into eight new metro areas, adding 78 stores in such markets as Atlanta; Knoxville, Tenn.; Birmingham, Ala.; and Charlotte, N.C. The company doesn’t tiptoe in. It starts with multiple stores to justify the cost of building distribution infrastructure and launching an advertising blitz. The strategy has allowed it to swiftly build major market shares everywhere it’s gone. Now,…

A life of hard work, from the farm to the House: Thompson, who has three business degrees, wants to give boost to economically disadvantaged counties

Nearly 30 years ago, former State Sen. Katie Wolf appeared at a “women in politics” conference in Gary. Afterward, Jill Long Thompson, then 25, marched up and asked for advice. Thompson had her sights set on joining the Valparaiso City Council. Wolf offered her phone number. She soon found Thompson waiting on her doorstep, bursting with questions about how a female Democrat should campaign in a conservative, rural area. “What struck me was her determination to win,” Wolf remembered. “After…

EYE ON THE PIE: Can we handle Obama’s truth?

This is not a political endorsement. It is, however, a cry of outrage that a candidate for president is attacked for speaking the truth. Barack Obama has been quoted as saying, “You go into these small towns in Pennsylvania and, like a lot of small towns in the Midwest, the jobs have been gone now for 25 years and nothing’s replaced them. And it’s not surprising then [that local residents] get bitter, they cling to guns or religion or antipathy…

Under Grueninger, Ambassadair division chartering growth

Michael Grueninger, president of Grueninger Travel Group, has learned since his company bought Ambassadair in 2005 from now-defunct
ATA Airlines that many travelers once enamored with dirt-cheap fares they can book online want something more than low price.
They are willing to pay for service.

IU leader’s goal: global integration: CIBER director wants center’s work to influence all areas of business education

Barbara Flynn, a veteran of academia who arrived at Indiana University in 2006, is director of the IU Center for International Business Education and Research. CIBER, founded in 1981, creates business research and study opportunities for IU faculty and students, with the ultimate goal of preparing graduates to compete in today’s global economy. The center mostly is funded federally and operates on a $500,000 annual budget. The 55-year-old Flynn has a degree in psychology from Ripon College in Wisconsin and…

A&E: Take your seats: Best of the fest

OK, so maybe what follows isn’t the absolute best of the Indianapolis International Film Festival. After all, with 137 movies in the lineup, it would be a full-time job to screen everything being shown at this year’s event, which runs April 23-May 3. However, we did get our eyes on many of this year’s offerings and picked films well worth your festival time. Think of these widely varied films as strong anchors for your IIFF experience this year. Look for…

Hopefuls take aim at Mitch: Dem race pits newcomer against political veteran

An Indianapolis architect who never has run for public office is squaring off against a political veteran from northern Indiana in the May 6 Democratic primary election for governor. Jim Schellinger, the longtime president of CSO Architects, casts himself as a consensus builder who would emphasize workforce training if he wins the primary and unseats Republican Mitch Daniels Nov. 4. “He lets you be part of the team,” CSO executive Tracy Carfanga said of Schellinger. “He lets you have responsibilities,…

Long Beach is key IRL market

Despite the upheaval surrounding the 2008 Long Beach Grand Prix, it is still quite a draw in this normally quite California town. That’s good news for Indy Racing League officials, who have their eyes on this historically strong open-wheel racing…

CVS to replace downtown IHOP

CVS has filed plans to build a new store where an IHOP now stands at the corner of 16th and Meridian streets. The new pharmacy would replace the iconic…

WellPoint, adds, loses executives

WellPoint Inc. hired Kevin R. Hayden as president of its Medicaid business division, the company announced today. Hayden will begin the job April 21. The Indianapolis-based health insurer has contracts with Medicaid programs in 14 states, including Indiana, serving 2 million customers. WellPoint has more than 35 million customers nationwide. Before joining WellPoint, Hayden was […]

Paramount Tower getting redesign

A development team is redesigning plans for a 16-story student-housing tower it hopes to build on a 2.3-acre site a few blocks east of the Central Canal. The developers,…

Chance of Midwestern drought ‘significant’

An Iowa State University forecaster is pegging the odds of a major summer drought in the Midwest at one in three. Elwynn Taylor, who has been producing the forecasts for 20 years, called the chance “significant,” the Chicago Tribune reported. Major droughts tend to hit the Midwest every 18 to 19 years, Taylor said. The […]

Are candidates hiding from the arts?

Political candidates are all over the state these days, grabbing photo ops wherever they can … except, it seems, at arts events.

Think about it: When was the last time you saw a candidate – local or national – posing in…