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Joblessness is ebbing in Indiana, but the reason might be driven more by people dropping out of the labor force than by workers soaking up new jobs. The state’s unemployment rate stayed stubbornly above 5 percent for four years. In the past few months, though, the rate mostly has stayed below 5 percent, U.S. Bureau […]
Mutual Bancorp Inc. of Sidney, Ohio, has been sold to Richmond Mutual Bancorporation for $19.8 million in cash, the parties said today. Richmond Mutual is the parent of First Bank Richmond in the eastern Indiana city and American Trust Federal Savings Bank in Peru. The Ohio institution has four offices north of Dayton, Ohio The […]
Krom River Partners, Mother Earth Investment AG and other investment firms are snapping up corn contracts as prices slip, according to Bloomberg. Corn prices fell after a March 30 report showed farmers plan a big increase in planting. However, large investors are turning bullish because the increase is not as large as traders expected. […]
Indianapolis is growing faster than Columbus, Ohio, and that concerns officials in the Ohio city, according to the Columbus Dispatch. Metro Indianapolis’ population increased 9.2 percent between 2000 and 2006 compared to 7 percent for the Columbus area; also, Indianapolis’ job numbers swelled 5.5 percent vs. Columbus’ 1.8 percent. Though Columbus has 59,500 more residents—1.73 […]
When IBJ newsgathering partner WISH-TV Channel 8 and cross-town rival WTHR-TV Channel 13 each won a Peabody award last week, it was a rare event for any television market, let alone Indianapolis, the 25th-largest television market. Only New York, Boston and Chicago also have seen two local stations win the prestigious award in the same […]
Eli Lilly and Co.’s optional severance package has been accepted by 200 of the 1,000 workers at its Tippecanoe Laboratories in Lafayette, according to The Journal & Courier of Lafayette. The Indianapolis drugmaker said in January it would offer the buyouts to 250 at the Lafayette site because it had too much capacity in biomolecules. […]
ISA Forensics Digging up dirt Forensics firm recovers evidence from computers, analyzes audio Much like his counterparts on TV’s “CSI” or “Law & Order,” Darren Miller ferrets out forensic information in pursuit of justice. But unlike his fictional colleagues who work for prosecutors, Miller and his ISA Forensics team work mostly with defense attorneys, looking for exculpatory and incriminating evidence that will help or hurt their clients. Their crime scene: computers, tapes, disks and other data devices. Using the same…
The latest data from the U.S. Bureau of Economic Analysis show that Indiana ranks 33rd in per capita personal income. Fifty years earlier, in 1956, Indiana ranked 17th in the nation. Our state is in long-term economic freefall and we suffer with representatives who piddle away their time on raising revenue through gambling. Per capita personal income in Indiana has not been on par with the nation since 1966. We have a record of ongoing decline, interrupted briefly from time…
St. Francis Hospital officials have found that improving care and cutting costs to treat heart attack patients comes at an unexpected price. A new program cut the hospital’s time to treat patients and reduced the size of the heart attack-saving $9,400 per admission. But reimbursement by insurance companies dropped $9,715, resulting in the hospital losing $315 per admission. “The pay for quality and pay for performance issue under the current reimbursement structure is not designed to reward quality of care,”…
The screen comes alive with the tale of a woman trying to track down her on-thelam husband even as she deals with her imprisoned brother and a grown son addicted to porn. The next night features a violence-packed trilogy of films about warring Asian gangs. Toto, we’re not at the Heartland Film Festival anymore. No, the 191 films set to be screened at the Indianapolis International Film Festival starting this month are grittier-helping it build a reputation for attracting a…
The age-old concept of living above your workplace is catching on again in Indianapolis, just as the developers of Douglass
Pointe Lofts had hoped. The $2.65 million landmark at 25th and Delaware streets already will soon also be known for a diverse
roster of local businesses.
This week will see the final round of action by the House on Senate bills and the Senate on House bills, and then the real work of the Legislature begins. Legislation that has passed both chambers in different forms may be reshaped in a manner acceptable to both, and legislation that has passed only one chamber remains eligible for inclusion in related bills and final passage by both the House and Senate. Few people gave much credence to this year’s…
ATLANTA – At the Final Four last week, I was reminded that even without a team, Indiana was well represented. It began at the United States Basketball Writers Association breakfast on the Friday morning before the national semifinals. The occasion was the presentation of the USBWA’s Oscar Robertson Trophy to the player of the year, which happened to be Kevin Durant from Texas. Robertson, the Crispus Attucks great who went on to star at the University of Cincinnati-and who was…
As head of MZD Urban, a division of one of the city’s largest advertising agencies–MZD Advertising–Troy Julian Gipson is
ready to take the city into the future of multicultural marketing.
Students at Indiana University’s Kelley School of Business have been busy lately. A group of students recently spent a day in Omaha with Warren Buffett. Then on April 4, the school hosted a cable program called “Mad Money.” Between the two, they heard what must be the most opposite investment philosophies on the planet. In Omaha, the students would have learned about “looking through” the price of a stock to the underlying business, to focus on the long term and…
It’s a program with big promises and big profits. Yet it’s hard to measure its payoff. It’s disease management-an industry euphemism for health insurers’ efforts to make sure chronically ill customers receive the best health care they can-before they get rushed to the hospital. Indianapolis-based WellPoint Inc. says disease management helps it win business over other health benefits companies. It also says it saves its customers nearly three times as much money as they invest and improves the quality of…
A new National Football League policy could cost the Indianapolis Colts $56 million in league revenue sharing in the decade
following the opening of Lucas Oil Stadium. The policy
puts more pressure on the Colts to compete with revenue-generating giants such as the Washington Redskins and Dallas Cowboys.
When The New York Times ran an article about Indianapolis’ Stone Soup Inn several years ago, owner Jeneane Life got calls from people on airplanes looking to book a room. And the phone’s still ringing in the aftermath of a fall Chicago Tribune review of the new wellness program at Life’s Villa Inn. “People will say, ‘I kept that article because I’ve been meaning to come and stay with you,'” said Life, who also owns the Looking Glass Inn in…
I know risk is a four-letter word to many of you, and most investors prefer not to think about it at all. But it’s a favorite topic in our shop, and with the Iranian capture of 15 British sailors, the risk discussion here definitely stepped up. You have your pick of conspiracy theories over why Iran took the sailors, who were recently released. I read speculation that the capture was retaliation for an American capture of six Iranian Guards in…
The other night, while my wife Cherà attended class, I ate out with a copy of NUVO to keep me company. In the “letters” section, an atheist complained about Indiana’s new “In God We Trust” license plate. He said government shouldn’t promote religion, especially via a plate that requires no additional contribution, as do other “specialty” plates. When I got home, I found an e-mail from a friend wondering why these plates are so popular and whether taxpayers should bear…
