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BULLS & BEARS: Amid all the complaining, U.S. continues to prosper

A few weeks ago, I heard Ben Stein speak about politics and the economy. The noted lawyer, writer, actor and economist spouted off various positive statistics about the U.S. economy and then lamented that the public seemed morose about the financial sunshine. Even though our standard of living is at an all-time high, it seems as if Americans like to grovel and complain. Stein said, in his best Ferris Bueller drone, the American public was the most “unhappy happy society”…

Democrats grooming Schellinger as candidate for governor

In the Democrats’ field of potential candidates to unseat Gov. Mitch Daniels, there are few household names. That’s why they’re
preparing to spend the next 19 months introducing you to Jim Schellinger.

SPORTS: Here’s Bird’s take on the Pacers’ fall from grace

Timing is everything, which meant I was in the caboose of the media train that rolled through Larry Bird’s office recently. So by the time I sat down with the Indiana Pacers’ president of basketball operations, Bird had pretty much heard, and answered, every question with regard to the frustrating state of our NBA franchise. There’s no pretty picture to be painted: The off-court incidents, first at the infamous Club Rio during training camp, then at the Eight Seconds Saloon;…

WellPoint’s new CEO likely to encounter more obstacles than her predecessor

There are no longer any for-profit Blue Cross Blue Shield insurance plans for WellPoint Inc. to acquire as a means of growth.
State governments have effectively stopped those plans from converting to for-profits. That means new CEO Angela F. Braly
can’t keep WellPoint growing by gobbling up competitors.

STATEHOUSE DISPATCH: Dems’ control of House has shifted legislative dynamics

The Indiana General Assembly has reached mid-session, the point at which bills originating in the House have passed to the Senate, and vice versa. Those bills that have not mustered enough votes to cross the rotunda are theoretically dead, but, as you’re accustomed to seeing in any number of cheap horror movies, there are all kinds of ways a concept can still arise from the dead until adjournment sine die. The time remaining in the session is so much more…

INVESTING: Now that market has plunged, it’s time for perspective

There are times when perspective and a little knowledge of history come in handy. Most enormous success stories come down to a ton of grunt work, and a few glorious moments. This is one of those times that, looked at many years from now, could be seen as a building block to something much bigger, or, without the proper tools, another missed opportunity. I love competing in the stock market because there is more brainpower attempting to succeed on Wall…

Mixed-use project would transform Lawrence: Final piece of Fort Ben development includes residential, retail, offices

The final piece of a decade-long redevelopment of Fort Benjamin Harrison would give Lawrence a new downtown with shops, offices and public plazas mixed among as many as 1,000 condos, townhouses and apartments. The Fort Harrison Reuse Authority hasn’t settled on a name yet for the 88-acre project, but the quasi-governmental group’s board is expected to approve zoning updates this month that pave the way for the project. Public meetings will be held in March and April, and the first…

BEHIND THE NEWS: Nike’s retail plan casts another cloud over Finish Line

I n d i a n a p o l i s – based Finish Line Inc. already had enough challenges, but here’s another: Nike Inc., Finish Line’s largest supplier, is revving up its own retail ambitions. Analysts, at least, see the Oregonbased company’s move as a competitive threat. For its part, Finish Line notes that Nike plans to open just 100 of its own stores over the next three years, and only 50 would be in the United States,…

Sun Capital draining Marsh excess

Sun Capital Partners, Florida-based parent of Marsh Supermarkets, is unloading what it sees as excess real estate. Marsh put
19 properties on the market in late February for a total asking price of $10.6 million.

NOTIONS: A heapin’ helpin’ of straight-and-narrow satire

·mo ·pho ·bia, noun: irrational fear of, aversion to, or discrimination against homosexuality or homosexuals -Merriam-Webster’s Dictionary Hi. Big Brother here. You know me: Mr. Government-Knows-Best, Mr. Run-Your-Life-For-You, Mr. Tell-You-What-You-Can-and-Cannot-Do. I realize I’m not popular in these Hoosier parts. I know I’ve failed to mandate the use of motorcycle helmets. Failed to mandate the use of safety belts in trucks. Failed to stop you from smoking up that old Chevy Malibu with your little munchkin ridin’ shotgun. Granted, after decades of…

Software firm finally making name for itself: Fusion quietly becomes giant in local tech industry

Doug Brown might not know how to name a company, but he sure knows how to grow one. CEO Brown, 46, co-founded Fusion Alliance Inc. in 1994 along with Tim Shaw, who is no longer active in the firm. The company has since blossomed into the Indianapolis-area’s’s largest software developer, with 196 staff and contract software engineers and programmers. Much of the growth coincides with the decision in 2000 to rechristen the northwest-side company from its original and less glamorous…

Group led by John Salley files counterclaim in ABA case: Court battle could imperil future of fledgling league

Both sides in a contentious battle for control of the locally based American Basketball Association have agreed to play ball in out-of-court settlement talks. The two sides agreed to negotiate only after a trio of investors, led by former National Basketball Association all-pro John Salley, fired another shot at league co-founders Joe Newman and Richard Tinkham, both Indianapolis entrepreneurs. A District Court judge in Marion County gave the sides until March 26 to work out their differences. A hearing is…

Could big year mean IPO for Aprimo?: Analyst expects software firm to go public in near future, but company execs aren’t ready to discuss possibility

Last year was a good one for fast-growing local marketing software-maker Aprimo Inc. And this year could be even better. “It’s not the beginning of the end; it’s the end of the beginning,” said Aprimo investor Mark Koulogeorge, managing general partner of the Chicago-based venture capital firm MK Capital. “This is the second or third inning of a very long ballgame.” In 2006, Aprimo quietly grew from about 220 to 300 employees and moved into a new headquarters just east…

EYE ON THE PIE: What’s wrong with property taxes?

So much is going on in the Indiana General Assembly that it makes my head spin, which makes me dizzy and unfit for driving safely on the roads. That, plus the recent heavy snows, has made me a hermit. To re-enter society, I called Dr. Werner von Fizzle, the only psychologist I know who provides at-home consultations. As he sat down, Dr. von F asked, “Do you have some tonic vater?” I nodded and rose to fill his request. “And,”…

RETURN ON TECHNOLOGY: Battle brewing between big business and the Web

The Web has always been viewed with suspicion by many people, but now it’s become nothing less than the cause of copyright lawsuits against Ellen DeGeneres for letting a guest dance the Electric Slide, against the Girl Scouts for doing the Macarena a satire Web site about Barney the purple dinosaur for making fun of the big guy, and against the online deal-finder site Black Friday for publishing prices from retailer Best Buy. Back in the old days, copyright holders…

VOICES FROM THE INDUSTRY: Electronic evidence a new reality in business litigation

D o u b l e – c l i c k , open, read and delete. Does this sequence for reading e-mail look familiar? Whether you work for a small- to medium-size business with few employees and a basic network of computers or part of a large corporation with its own technology department, if your company is electronic forms of communications, so has electronic evidence become a regular part of most business litigation. Not long ago, if your business…

Broker wants Lucas Oil to move HQ near airport

Marvin Miller is representing a landowner trying to sell 125 acres just north of Indianapolis International Airport. But Miller
wants him to give away some of the property to persuade California-based Lucas Oil to move its headquarters there, jump-starting
the stagnant area in the process.

Please pass the popcorn – and the cash: Not-for-profits hope film encourages more donations

But can a movie to be released March 9, “The Ultimate Gift,” inspire the masses to give money to charitable groups? Not-for-profits hope so, although the idea that an emotion-driven Hollywood film can translate into a thoughtful and deliberate giving plan remains to be seen. “Donor education is a very difficult thing to get done. This may be a good start,” said Gene Tempel, executive director of the IU Center on Philanthropy. The movie is based on the book of…

Lilly vacating 99,000 square feet in 30 S. Meridian building

Eli Lilly and Co. has decided to vacate 99,000 square feet of office space at 30 S. Meridian St. in yet another blow to the
struggling downtown market. Roughly 1.8 million square feet of space already is sitting idle downtown, putting downward pressure
on rents.

DST changes may create time trials: An extended schedule threatens calendars on electronic devices

It must seem like déjá vu to Hoosier companies who again must prepare their computer networks for the confusion caused by daylight-saving time. Indiana’s first-ever switch to DST last year triggered a mass adjustment of electronic clocks essential for computers and other devices to spring ahead with the rest of the world. Now the ritual must be repeated, due to a 2005 federal law decreeing that DST start three weeks earlier and end one week later, beginning this year. The…