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It was a beautiful sunny Hoosier day and I was delighted to see Faye of the Forest perched on my deck railing. “Hey, Faye,” I said. “What’s up?” “My property taxes are up,” she said, with irritation in her voice but a tear in her eye. “You know my little treehouse. I’ve lived there for years and the taxes keep going up. Why? What is going on?” “I hate to say this,” I said, “but the explanation gets more complicated…
The other day, a client asked me the following question about the stock market: “How are we going to play the downside when the next president is a Democrat and raises taxes?” That question has three assumptions in it: Presidents who are Democrats raise income taxes. The stock market will drop if taxes are raised. The next president will be a Democrat. For more than five decades, tax rates on personal income have basically been dropping. In the 1950s, the…
Excluding the fourth floor, Circle Centre mall’s 11th full year of operation was a big success. Profit in 2006 increased nearly
18 percent to $9.3 million, according to an annual report filed with the city. But on the top floor, abandoned bar stools
have now collected four years of dust in the former home of a nightclub complex.
The questions these days among residents of Lakes at the Crossing, a quiet community of 77 condos tucked behind a strip center
and an office park along 86th Street at Keystone Avenue, are: Who will sell, and for how much?
Piano Solutions Inc. Shop singing piano’s praises Shop owners want to give community an arts education Piano Solutions Inc. owners Greg Durthaler and Brian Hostetler like to think they’re in tune with the music industry-all the better to help their clients. The key (so to speak) is to offer a full range of products and services. “Today, we offer tuning, moving and storage of pianos while carrying an array of method books, print music and piano accessories,” Durthaler said. “We…
The seed of the next bear market might have just been planted, and what better place than right here in the Crossroads of America. A seed is a tiny and innocent thing. But one tiny seed from a destructive weed can ruin an entire garden. A little background for those who don’t live in Indianapolis (or for those who do but don’t follow local politics): For years, there has been a gaping hole in the promised retirement benefits for retired…
Happily e ver after? How to avoid the roadblocks to financial security In her new book, “The Feminine Mistake,” author Leslie Bennetts cautions women to seriously consider the financial consequences of exiting the workplace to be a stayat-home wife and mom. The former journalist and Vanity Fair writer says “few intelligent people would sink a lot of money into refurbishing a rental, but stay-athome wives think nothing of subordinating their own financial interests to those of their husbands, blithely assuming…
Turkey isn’t high on the list of countries Americans visit. Tell friends you’re going to France and they congratulate you. Tell them you’re going to Turkey, and they ask why. They might follow the why with a reference to the movie “Midnight Express,” a 1978 film about an American’s nightmarish experience in a Turkish prison. Midnight Express had such a negative effect on Americans’ perceptions of Turkey that the man who wrote the book the movie is based upon recently…
The long-rumored move for Indianapolis law firm Bose McKinney & Evans is a done deal. The firm plans to take 111,000 square feet of space in Chase Tower, a big expansion over its current 80,000-square-foot space in First Indiana Plaza. The departure of one of that building’s largest tenants is a big blow for owners […]
The long-rumored move for Indianapolis law firm Bose McKinney & Evans is a done deal. The firm plans to take 111,000 square feet of space in Chase Tower, a big expansion over its current 80,000-square-foot space in First Indiana Plaza….
City officials gave developers a tight, two-month time frame to come up with a second round of proposals to redevelop the Market Square Arena site. The RFP was issued Feb. 21, and…
Milton J. Miller II has been named CEO of the Federal Home Loan Bank of Indianapolis. Miller is a 30-year veteran of the bank who’d most recently served as chief financial officer. He replaced Brian Fike who had filled the CEO’s role on an interim basis since December, when Martin Heger retired. Miller will assume […]
U.S. employers added 132,000 last month, according to the Labor Department, a decline from the 190,000 jobs added in May. Economists had expected that 125,000 jobs would be added to employer payrolls. The national unemployment rate matched forecasts, holding steady at 4.5 percent. The state unemployment rate for May, the most recent month available, also […]
A Chicago-based furniture store is planning three new locations in Indianapolis. Harlem Furniture has 16 stores in Chicago and Northwest Indiana. The first central Indiana store, in Greenwood, replaces the old Frank’s…
Michigan-based manufacturer Hayes Lemmerz International Inc. has sold its Wabash unit to Harvey Industries LLC of Massachusetts. Financial terms were not disclosed. The Wabash operation employs about 325 and makes intake manifolds, cylinder heads, water pump housings and cast iron exhaust manifolds. Hayes Lemmerz makes automotive and commercial highway wheels, brakes and powertrain components.
Cabela’s, the outdoor-goods retailer that recently announced plans for a Greenwood store, has had to repay or forfeit nearly $350,000 in incentives it received from governmental entities in Texas because it failed to hire as many workers as promised at two stores there, according to the Austin Business Journal. Cabela’s has said it will hire […]
OK, probably not. But you may be interested to know that local BP stations will be getting a new name soon. BP is selling 28 Indianapolis franchise locations, each of which will be…
Beverly Hills-based Hilton Hotels Corp. has agreed to be bought by Blackstone Group for $20.1 billion. The deal, which gives Blackstone 2,800 hotels and 480,000 rooms in 76 countries, will make Blackstone the world’s largest hotel owner. There are two Hiltons in Indianapolis, one downtown and another on North Shadeland Avenue. The acquisition is expected […]
Sales of Subaru vehicles made at Subaru of America Inc. in Lafayette fell 7 percent in June, according to the Journal & Courier, marking the sixth consecutive monthly decline in sales for the vehicles. Year-to-date sales are down 6 percent from the same time last year. The Lafayette plant makes Subaru’s Legacy line, which includes […]
Researchers from Eli Lilly and Co. helped find a gene mutation that appears to cause certain cancers and may also make cells resistant to some therapies. The study results were announced Wednesday in an online publication of the journal Nature. If validated by further studies, the discovery could help drug researchers tailor medications to individual […]
