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ECONOMIC ANALYSIS: Perceptions of manufacturing don’t match reality

There’s no way to miss the dramatic loss of manufacturing employment Indiana has experienced in the past generation. Since about 1980, there has been a roughly 60-percent drop in the number of manufacturing workers in the state. Why is this so? Many Hoosiers blame globalization for these job losses (even if they support free trade). There’s plenty of anecdotal evidence by way of Chinese-made toys. But once you get past this anecdote, the data tells a very different story. The…

Heartland’s push for national attention is working: But local film organization’s endorsements still have a ‘family-friendly’ feel

Since 1991, the Heartland Film Festival has brought uplifting independent films to Indianapolis every year, building a reputation with time and an impressive $100,000 grand prize for the best feature. Then two years ago, it decided to aim a little higher. With help from a $3.7 million grant from the Lilly Endowment Inc., the Indianapolis organization set out to make its brand so well-known to consumers that a Heartland award would be the equivalent of the Good Housekeeping seal of…

Commentary: WIB-see moves to the FM dial

I noted the passing of WIBC-AM with more than just a little interest. Yes, my little interest-I don’t listen to commercial radio-was coupled with a heavy dose of nostalgia. This is the end of an era, for crying out loud. WIBC, which in my youth we referred to more often as “WIB-see,” was my parents’ favorite station in the morning. I equate the sound of Gary Todd’s voice with the smell of bacon and eggs on school days. I also…

RETURN ON TECHNOLOGY: Try your hand at running McDonald’s

It’s always fun when I find something on the Web that’s highly critical, vaguely disgusting, entertaining and informative, all at once. Mollieindustria has created an online video game at w w w. m c v i d e o game.comthat lets you run the burger giant McDonald’s, and while it’s not sparing of the company’s faults, it’s a great study in how hard it is to keep the sandwich empire going. The creators say on the site that they built…

Exotic dancer’s comp claim upheld by Indiana court:

The Indiana Court of Appeals affirmed an injured exotic dancer is entitled to worker’s compensation benefits and remanded with instructions to the Full Worker’s Compensation Board to determine if she is eligible for double compensation and attorney fees because her company did not have worker’s compensation insurance at the time of her injury. In Wholesaler’s Inc. d/b/a Shangri-La v. Angela Hobson, Hobson worked as a dancer at Shangri-La in Fort Wayne. She injured herself Dec. 20, 2001, while performing a…

A&E Special: Heartland: The best of the Fest

The Heartland Film Festival opens Oct. 18 with nine days of film screenings and special events. Want some help making your selections? IBJ staff and freelancers previewed most of this year’s offerings. Some of the best are reviewed below. For more reviews-which we will continue to update as the fest approaches-visit the Not Strictly Business section of ibj.com. “Home of the Giants,” dramatic feature Given the generic title (please change it before it’s too late), the Hoosier high school basketball…

New leader aims to keep school, students growing: More businesses support private north-side institution

What began in 1994 as a six-room schoolhouse with 38 students has grown into a three-building campus with 602 pupils. The growth of the International School of Indiana, which welcomed a new headmaster this year, has been possible because of increased support from an expanding flock of businesses. They believe in its mission: to help attract scientists and executives from around the world to this community by providing a global education for their children. Before the school opened, recalled Eli…

IU business incubator partners with Siberian school: Reciprocal visits could lead to high-tech opportunities

After unwrapping his luggage from its seal of shrink-wrap, Mark Long reviewed his notes for the upcoming seminar. He hardly needed them. Long, CEO of Indiana University’s Research and Technology Corp., has spoken many times about how academics transfer their research discoveries to the market. But this was the first time he ever delivered the speech in Siberia. The audience-a group of business and academic leaders-ultimately could help Hoosiers access a treasure-trove of Russian technologies. “They have a lot of…

FUNNY BUSINESS: Survey says: I think I’m still in seventh grade

Goof that I am, I joined one of those social network Websites, Face Space or something, thinking it might help me get a little speaking or entertaining business. What I have gotten instead are surveys, lots and lots of surveys. And I use the term loosely. Most surveys in which I’ve participated in the past had some sort of point-usually for marketing purposes. They wanted to know what sort of dishwasher you have, which political candidate you prefer, or how…

Experts look into the future of health care: Industry panelists disagree on whether current system needs radical changes

Five local industry leaders conducted a serious debate over problems and issues facing our health care system during the most recent installment in Indianapolis Business Journal’s Power Breakfast series. The event took place at the Downtown Marriott hotel on Sept. 21 The panelists: Robert Brody, president and CEO of St. Francis Hospital & Health Centers, the Indianapolis-area’s fourth-largest hospital system. Brody has been chief executive at St. Francis since 1996. Dr. Robert Mouser, a primary care physician at Cornerstone Family…

A look from behind the wheel of one possible fix:

Perhaps the best way to describe possible changes that await I-69/I-465 commuters a decade from now is to drive the “preferred alternative” route under consideration. Just south of 96th Street, southbound I-69 traffic from Fishers would pick up an extra travel lane on what’s now a three-lane interstate. Then, just north of 82nd Street, two more lanes would appear to the right, isolated by a concrete barrier to prevent the orgy of lastminute merging that now disrupts traffic flow. Those…

VIEWPOINT: Make the most of your sabbatical

I took a career sabbatical and bought a one-way ticket to Italy. Sabbaticals are mostly once-in-alifetime events with fixed expiration dates. My head, programmed to the world of deadlines, argued, “Pick a return date. Let’s stick to a plan!” My heart, weary of that world, and yearning for the blurred edges of Mediterranean time, pleaded, “Looks like there might be some wiggle room. Let’s just get on the plane.” Tuscany is my ancestral homeland, but I had never spent more…

Need for college watchdog not-for-profit questioned

Not everyone is welcoming the launch of an Indianapolis-based not-for-profit, backed by billionaire businessmen, that aims
to curb colleges’ discretion in spending donor contributions.

Emmis’ decision to shift WIBC to FM jolts local radio

The local radio market’s biggest shake-up in more than a decade has almost every commercial station in central Indiana scrambling
to attract the thousands of listeners and millions of advertising dollars suddenly up for grabs. Emmis Communications Corp.
said Oct. 8 it will move WIBCAM 1070 programming to the FM frequency previously occupied by WNOU-FM 93.1, which it will kill.
Industry experts said the fallout will continue to rain down throughout the fourth quarter and well into 2008. “There’s lots…

Economy to be jittery, Fifth Third strategist says

The U.S. economy probably has avoided the likelihood it will slip into recession, a Fifth Third Bank strategist said today. But in 2008, investors face an uncertain environment where the fastest action will be found overseas. “In general, the fears of recession have now diminished,” Chief Investment Strategist John Augustine said this morning. “[But] it’s […]

Zimmer says SEC investigating possible corruption

Warsaw-based Zimmer Holdings Inc. disclosed in a U.S. Securities and Exchange Commission filing today that it is under investigation for potential violations of the Foreign Corrupt Practices Act in its sales of medical devices in foreign countries. The prosthetics maker did not elaborate but added that it will cooperate with the SEC investigation. Yesterday, Biomet […]

Ball State economist’s Wal-Mart book controversial

A book about Wal-Mart Stores Inc. authored by Michael Hicks, the new director at Ball State University’s Bureau of Business Research, hasn’t always been received well by people who don’t like the retail giant, Hicks told The Star Press of Muncie. Hicks, who writes a weekly column that appears in IBJ and other newspapers around […]

St. Louis firm buys majority stake in DCL Medical

Central Indiana’s fifth-largest life science firm has a new majority owner. DCL Medical Laboratories today announced that St. Louis-based private equity firm Thompson Street Capital Partners has acquired controlling interest. Terms were not disclosed. Founded in 1983 and located at 9550 Zionsville Road, DCL has 209 employees. Specializing in women’s health, DCL provides diagnostic testing, clinical […]

Finish Line bankers extend time to buy Genesco

The Finish Line Inc. said today that its lenders have extended by four months their deadline for the Indianapolis athletic shoe and clothing retailer to buy Genesco Inc. The deadline was Dec. 31; it is now April 30. Other terms of the commitment letter by UBS Loan Finance LLC and UBS Securities LLC are the […]