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VOICES FROM THE INDUSTRY: Court decision could change future of brokerage firms

On March 30, a U.S. Court of Appeals issued a decision that represents a tremendous victory for registered investment advisers, individual investors and a defeat for big brokerage firms such as Merrill Lynch, Smith Barney, and Goldman Sachs. The Financial Plan- Association filed the lawsuit against the Securities and Exchange Commission, arguing that the SEC in 1999 had exceeded its authority in creating an exemption from investment adviser registration under the Investment Advisers Act for stockbrokers who charge asset-based fees…

Rescue for MSA site fell short

A high-profile local firm that quietly negotiated last fall to salvage the stalled redevelopment of the Market Square Arena
site abandoned its plans when the city decided instead to solicit new proposals early this year.

Breaking bread, breaking down barriers: International Center pairs local hosts, visiting delegates to promote cultural understanding

International Center pairs local hosts, visiting delegates to promote cultural understanding When a group of Iraqi editors and writers visited Indianapolis last summer as part of the U.S. State Department’s International Visitor Leadership Program, they learned about American journalism and Hoosier hospitality. Florence May, a member of the International Center of Indianapolis’ board and president of Simply Hospitality-an Indianapolis-based special-event planning company-hosted the group for dinner in her home. May grew up in a military family and has lived throughout…

EYE ON THE PIE: Can Big 10 show us more than sports?

There is an issue of greater importance than gay marriage, abortion or the tragedies of Iraq and Afghanistan. State regulation of interior designers is a matter of such public concern that the Indiana Senate supported it by a vote of 44-5 and the House, 62-34. Then, when we finally had the public protected from the inappropriate placement of sofas, the governor goes and vetoes the bill. Mitch, the spoilsport. Well, there is always next year. The governor could not stop…

Web rates get banks’ attention: Some try to compete by boosting savings yields

In an effort to lure new customers, more traditional banks are beginning to emulate their Internet adversaries and offer online savings accounts boasting much higher annual yields. Customers are increasingly turning to Internet banks because they offer highyield savings accounts that don’t require massive balances. First Internet Bank of Indiana, founded in 1998 by local tech entrepreneur David Becker as the first state-chartered Internetonly bank, has seen its assets grow to more than $530 million in less than a decade…

ECONOMIC ANALYSIS: Employers hope to save by promoting healthy living

“Mandates are a form of love,” a state legislator once said, explaining a vote that added requirements to privately funded health insurance programs statewide. And our governments evidently love all of us-businesses, individuals, and even other governments-very much. Our legislatures tell us the lowest wage we can pay our workers, the questions we can and cannot ask during job interviews, and how many gallons of water we use to flush our toilets. To the admittedly narrow-minded thinking of an economist,…

Super Bowl hinges on whether owners like Irsay or Jones

Bringing a Super Bowl to Indianapolis might have little to do with weather, hotel rooms or posh practice facilities. The biggest
factor is likely to be Indianapolis Colts owner Jim Irsay, and how other National Football League owners feel about him and
the contributions he has made to their tight-knit club.

Transit junkie boards IndyGo: New VP of operations hails from Columbus, Ohio’s bigger bus line

Milwaukee native Trevor Ocock figures his interest in transit dates to age 3. At least that’s what his mother tells him. But the transit bug overtook him at Franklin University in Columbus, Ohio, as he was earning a degree in business administration and human resources management. Soon, he was washing buses for Ohio State University’s transit line. Later, he drove an OSU bus-met lots of ladies that way-and eventually became its operations manager. “I have always liked to be around…

BULLS & BEARS: Why ETFs are gaining on mutual fund industry

The big election is 18 months away. Is there an investment you can use to play it? I think so if you look to a rising star that is attracting the attention of the wealthy as well as the common man. This star’s popularity has gone from relative obscurity a decade ago to a media frenzy now. If this were 1958, you would think I was talking about JFK, and today Obama comes to mind. But I’m not thinking of…

Commentary: A plea for bio-focused policies:

Commentary A plea for bio-focused policies On April 2, in a 5-4 decision, the U.S. Supreme Court ruled that carbon dioxide is a pollutant under the Clean Air Act and can be regulated by the Environmental Protection Agency. While the ruling acknowledges the obvious, it offers a compelling rationale for Indiana elected officials to create an economic development strategy that leverages Hoosier intellectual capital and one of the state’s greatest assets, our farmland. With the scope of the twin challenges…

SPORTS: Talent-heavy Fever shoot for a championship

But that’s not close to being the case. The Fever are loaded. And maybe-just maybe-they can help whet this town’s appetite for professional basketball again. But at a time when we’re all looking for some feel-good to come out of the fieldhouse and for some local love to flow back in, well, this could be that time. A team that has gone 21-13 and reached the playoffs each of the last two seasons returns all five starters. That group includes…

THERE OUGHT TO BE A LAW: Why one vote counts more than all the rest

Personally, I figured the baboonprint wallpaper justified the new law all by itself. Seriously, after the whole “jungle room” decorating uproar at the governor’s residence last year, wasn’t it obvious that unregulated interior designers were a threat to our very way of life? Your General Assembly sure thought so, and this session the Indiana House and Senate overwhelmingly passed new licensing and certification standards for these decorators-including criminal penalties for impersonating a “registered interior designer.” Well, a funny thing happened…

INVESTING: Google’s been outbidding Microsoft; is it overpaying?

Google hasn’t been around for even 10 years, yet it has the world’s wealthiest man and his company playing defense practically on their home court. In many cases, great defenses wins titles (our own Colts defense proved invaluable during this past season’s Super Bowl run) but the jury is out on whether Microsoft can successfully keep Google in check during this battle of technology heavyweights. The real action began in late 2005 when Google paid $1 billion for a 5-percent…

VOICES FROM THE INDUSTRY: Investors would be wise to avoid these four traps

Advice on investing is a lot like advice on caring for a newborn-there’s no shortage of it around and everyone believes they have just the right answer. Eventually, parents learn that they must sort through all the help offered by TV shows, books, magazines, Web sites, and even friends and relatives, to find the tips that work best for their baby. The same thing can be said for investors. Being successful requires tuning out all the noise and knowing what…

Parker suits up for change at Kiwanis International: New CEO reaching out to younger generation, trying to reverse years of membership declines

To some of the leisure-suited old guard at Kiwanis International, it must have seemed as if a biker gang member had rolled into the executive suite and popped a wheelie. One of the first things new CEO Rob Parker did was to trash an old lounge where managers reclined for a meeting every month or so. Out went the chairs-managers would now stand around the table during a “daily huddle.” And if they didn’t want varicose veins, they’d better keep…

PROFILE: MINDY WINKLER: Entertainer makes learning lessons ‘fun’Former kids’ club host and current traffic reporter juggles career, family and growing musical company

PROFILE MINDY WINKLER Entertainer makes learning lessons ‘fun’Former kids’ club host and current traffic reporter juggles career, family and growing musical company Fans of the 1980s comedy show “In Living Color” will remember the Headleys, whose family members were “lazy” if they didn’t hold multiple jobs. By that score, Mindy Winkler certainly can’t be called a slacker. As the on-air traffic reporter for several local FM and AM radio stations, Winkler works a split shift keeping us informed of traffic…

Local manufacturer tops in laundry coin machines

Standard Change-Makers employs 118 people who make 3,500 change machines each year for self-service laundries, self-service
car washes and arcades nationwide. Local workers design, build and service change machines.

RETURN ON TECHNOLOGY: IT departments are often overworked and underfunded

Why do trucking companies overload their trucks, when they know they’ll damage the very highways they need for their livelihoods? Why do people keep defiantly watering their lawns in d r o u g h t – s t r i c ke n areas? Why do we buy cheap goods from discount retailers when we know they were made in sweatshops? And why do employees download streaming audio and video, when they’re repeatedly warned that these things turn high-speed…

If you’re out this weekend…

Let me know what you see. Notice a new project or for-sale sign? Leave me a comment, and I’ll try to find out what’s going on. What have you seen lately?

Ohio steelmaker considers Indiana for steel processing site

Heidtman Steel Products Inc. of Toledo, Ohio, said today it is considering locations in Indiana, Ohio and Michigan on which to build a steel processing plant. The $225 million project would have about 200 employees annealing steel. Annealing can involve a number of processes, but often involves softens metal and removes marks caused by rolling […]