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IRSAY’S ODYSSEY: Owner learned from life in NFL to build winning team

January 16, 2006

The Indianapolis Colts' evolution from perennial patsy to Super Bowl favorite is a body of work with a seldom-told—and often misunderstood—history. It's easy to see the hues all-pros Peyton Manning, Marvin Harrison and Edgerrin James painted on this masterpiece season. President Bill Polian and Coach Tony Dungy certainly colored the landscape. And Offensive Coordinator Tom Moore added his creativity. But theirs aren't the only signatures on this canvas.

From FFA to DNA: Businesses view convention as more than a gathering of corn growers

January 16, 2006

Don’t call it the Future Farmers of America. That went out of style with pastel suits and parachute pants. The organization is now known as the FFA. And it’s no longer just a gathering of crop jockeys. The change in moniker partly illustrates why business leaders are so excited for the first of at least seven annual conventions the organization will stage in the Circle City starting in late October. “FFA is a premier, if not the premier, youth organization…

TAWN PARENT Commentary: Can’t get no (job) satisfaction?

January 16, 2006

-Dylan Thomas What would it take for you to love your job? For my friend Portia Graves, it’s taking a major career change. After 14 years as an insurance adjuster, she has enrolled in nursing school at age 40. She liked her job at first, but eventually the luster wore off. “I saw this huge increase in what I would call greed. It was really starting to get to me,” she said. And as the industry became more afraid of…

BEHIND THE NEWS: Big backer of Marsh cashes in millions in grocer’s shares

January 9, 2006

The Cincinnati investor that has helped back Marsh Supermarkets Inc. for more than two decades quietly unloaded a big chunk of its shares just before Christmas. American Financial Group Inc., an insurer controlled by the family of billionaire tycoon Carl Lindner, sold 255,686 Marsh shares for nearly $2.4 million Dec. 21 and Dec. 22, a filing with the Securities and Exchange Commission shows. American Financial officials did not return calls, but market observers say the move suggests the insurer thinks…

NOTIONS: Throwing out the book on ‘remedial’ education

January 9, 2006

On the first day of school, eighth-grade history teacher George Barnes took aim at tradition. With all the arm strength of the former Butler University football player he is, Barnes heaved a history text across his classroom. The book flew past his students’ stunned faces and crashed against the wall. Barnes asked the shocked teens: “If you were recording for history what you just witnessed, what would you say?” “Some,” said Barnes, “said, ‘That Mr. Barnes, he’s a crazy man….

Kosene condo plan rankles residents: Broad Ripple developments would undermine character of village, neighborhood groups say

January 9, 2006

Kosene & Kosene Residential LLC wants to follow the success of its sold-out Monon Row condominium project in Broad Ripple with two new projects. But it’s facing strong opposition from nearby residents, who say the high-density projects are out of step with the small-town character of the village. The Indianapolis-based developer is seeking rezoning that would allow it to build 23 condos at 66th and Ferguson streets and 28 condos along the Monon Trail south of Broad Ripple. Buildings would…

EYE ON THE PIE: Making money by neutering history

January 9, 2006

I drove north last week from the Caesar’s gambling facility in Harrison County. Instead of taking the usual roads, I twisted up the cliffside overlooking the Ohio River via Doolittle Road. Then I went through New Middleton to Corydon before I joined the state highway system. It was a delightful drive that I never would have known about from anything on the state’s tourism Web site. Yes, I can hear the usual lament: “Wait, we’re working on improving our materials….

Church’s business savvy extends financial ministry: New Life helps members become self-sufficient

January 9, 2006

Ondalere Helm has struggled to stay on solid financial footing since being laid off about four years ago. The 32-year-old mom got behind on her bills and was living in a governmentassisted apartment building with her 7-year-old daughter. “I had been praying for a home for my daughter,” Helm said. “I tried to buy a house, but my credit wasn’t good enough.” Then about two months ago, the pastor at New Life Worship Center-where Helm and her daughter attend religious…

ECONOMIC ANALYSIS: We want to spur economy, but what’s the best way?

January 9, 2006

If you want to get an idea just how hot the topic of economic development is in Indiana these days, take a stroll over to the Department of Insurance’s Web page. Instead of finding notices of regulatory proceedings or a lineby-line listing of the insurance code, you’ll get a spirited, enthusiastic rundown of all of the reasons Indiana is a great state in which to locate your insurance company. If you happen to own one, that is. That’s a little…

Growing numbers facing ‘rich’ tax: Alternative minimum tax reaching middle class

January 9, 2006

The number of Americans subject to the alternative minimum tax is expected to skyrocket this year unless Congress passes a retroactive safeguard. The tax, designed to prevent the rich from skirting taxation, threatens more middle-class families every year because of inflation. But because federal lawmakers failed to extend a “patch” that normally protects the less-than-wealthy from the AMT, it is estimated that 16 million more taxpayers could fall into its grasp this year. The AMT is catching many local taxpayers…

Legislators fight over green rules: Biz lobby: Indiana standards should not exceed EPA’s

January 9, 2006

Business interests and environmentalists are squaring off in the Indiana General Assembly. It’s unlikely they’ll see eye-to-eye anytime soon on this year’s ripest green issue: whether to hold Indiana to a higher environmental standard than the rest of the nation. In one corner, the Indiana Chamber of Commerce is leading a push for legislation to bind the state to environmental rules “no more stringent than” those of the U.S. Environmental Protection Agency. Framing the debate around economic development, the Chamber…

Carrier looks deeper at rent-a-plane roots to grow revenue: ATA aims to reverse declines in commercial charter

January 9, 2006

ATA Holdings Corp. is again plotting a course toward commercial charter, a segment of the airline industry hurt over the last decade by falling scheduled service fares that have erased charters’ price advantage. But rather than aiming at the leisure end of commercial charter-so battered by fare wars-the Indianapolis carrier will try to tap more lucrative segments such as “incentive” charters. Among the clients: big corporations that send hundreds or thousands of their top salespeople each year to conferences in…

INVESTING: Natural gas provides a powerful potential for profit

January 9, 2006

I have gas. Not the kind you get from eating too much of the wrong thing. I have natural gas, and I am going to need more of it. So, apparently, will the rest of the world. Natural gas is a gas that sits on top of oil when it is in the ground. If you drill a hole and find oil, you also have found natural gas. In our ultimate wisdom, we have found a way to siphon this…

‘Crammers’ facing big fines: Two firms accused of billing phone customers for directory assistance services not ordered

January 9, 2006

As in $1,071,000. That’s how much the Office of Utility Consumer Counselor wants the Indiana Utility Regulatory Commission to ring up in fines against Casper, Wyo.-based Micronet Inc. It also requests that the commission turn over the case to Indiana Attorney General Steve Carter for prosecution under the state’s deceptive practices act. Micronet is accused of billing hundreds of Indiana business, residential and state government lines in late 2004 and early 2005 for directory assistance service callers never requested or…

Big bank heading for sale?: Union Fed, parent firm mum as talk of mergers intensifies

January 9, 2006

Officials with the companies in Fort Wayne and here aren’t saying one way or the other. “We have nothing to announce,” said Alvin “Kit” Stolen, CEO of Union Federal since 2002. “We officially wouldn’t comment or address those kinds of rumors or speculation.” The privately held companies are among the largest financial firms headquartered in Indiana. Union Federal has more than $3.4 billion in assets and ranks as the city’s third-largest bank. Waterfield ranked 51st nationwide in mortgage originations in…

BRIAN WILLIAMS Commentary: High school dropouts are hard on city

January 9, 2006

Indiana has made significant progress in establishing some of the most demanding standards for primary and secondary students. However, Indiana’s and the nation’s educational system can also be characterized by low high school graduation rates; no standard for calculating graduation rates; persistent achievement gaps along racial and economic lines; a decline in “second chance” opportunities for high school dropouts; a general inability to attract and retain highquality teachers, especially in underperforming schools; and a bureaucratization of school structure that undermines…

RETURN ON TECHNOLOGY: Let’s throw computers out of the classroom

January 9, 2006

I have a proposal to improve our K-12 school systems, saving money, time and frustration, and probably improving overall education to boot. Rip out all the computers. Take them away. Throw the cutesy game-style education software into a Dumpster. Keep just enough to stock a programming lab, a keyboarding classroom, and to provide a couple in the library for special research. The rest-out with them. After years of struggle to acquire networks, computers, software, printers and all the other trappings…

STATEHOUSE DISPATCH: Passing ‘Major Moves’ initiative will mean major work

January 9, 2006

While most Hoosiers are focused on just how legislators are going to be able to cut residential property taxes again this year, the real battle to watch will be the one over what Republican Gov. Mitch Daniels refers to as the jobs program of a generation or more-his “Major Moves” roads initiative. What he wants boils down to this: finding a funding source for road building and repair that will not rely upon taxes. He made it clear shortly after…

SPORTS: Let me count the ways sports enrich education 264 494 281 512202 511 232 527284 494 301 512278 511 301 527234 511 257 527Other columnists tackle education topics. PAGES 8,9,12,28& 38

January 9, 2006

Other columnists tackle education topics. PAGES 8,9,12,28& 38 There is a school of thought that the pursuits of sports and education are somehow mutually exclusive. Short of that, certainly there are those who believe sports are overemphasized in relation to education and, in terms of expenditures, every dollar spent on sports is a dollar somehow taken away from education. In Indiana, Our Man Mitch Daniels, the governor, has been critical of local school boards for approving the construction of athletic…

Slow start predicted for Roth 401(k) plans: Many companies, employees likely to take wait-and-see attitude regarding new retirement-savings vehicle

January 9, 2006

So when the Roth 401(k) debuted Jan. 1, he gave his 24 employees at Thurston Springer Miller Herd & Titak Inc. the opportunity to sink a percentage of their earnings in the new option. The idea draws upon the standard 401(k) plan that is the vehicle of choice for millions of working Americans saving for retirement. But a distinct difference between the two might scare some employees away. Unlike a traditional 401(k), the money diverted into a workplace Roth is…

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