2012 NEWSMAKER: Miles adds to diverse business, sports career
Veteran executive Mark Miles now has one of the most difficult jobs in sports—putting open-wheel racing on sound financial footing.
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KENNEDY: In defense of capitalism
I am a capitalist. I believe in free markets, in what the economists describe as “transactions entered into freely between buyers and sellers both of whom have the necessary relevant information.” I also recognize that markets cannot function without “umpires” empowered to enforce rules of fair play and protect that level playing field to which we all pay lip service. The most significant challenge to genuine capitalism, I submit, lies in the ability of some competitors to bribe or otherwise influence the umpires.
2012 NEWSMAKER: CEO keeps Simon stock surging
If there were an MVP for local CEOs, David Simon would again find himself at or near the top of the list in 2012.
MORRIS: After many positives in 2012, let’s avoid ‘cliff’
Put another year in the history books. It’s time for reflection and a look ahead to the new year. I went back and looked at my column written this time last year—“From politics to hoops, my 2012 wish list”—and I would say the results were mostly positive, with one big exception.
EDITORIAL: Time for Pence to ditch tax cut
Incoming Indiana Gov. Mike Pence may have spent a decade as a U.S. representative. But he is a neophyte when it comes to managing the state budget—unlike legislative warhorses such as Speaker of the House Brian Bosma and Sens. David Long and Luke Kenley.
NFP of NOTE: Concord Neighborhood Center
Concord Neighborhood Center offers educational, health, social and recreational activities for neighborhood residents of all ages.
2012 NEWSMAKER: Council Dem Mahern plays role of antagonist
City-County Council Vice President Brian Mahern emerged as the chief foe of Indianapolis Mayor Greg Ballard’s redevelopment agenda.
2012 NEWSMAKER: Crime stance returns Hogsett to political spotlight
U.S. Attorney Joseph Hogsett’s openly tough-on-crime approach has some political insiders speculating whether he’s seeking a higher office.
2012 NEWSMAKER: School librarian Ritz won with grass-roots campaign
Democrat Glenda Ritz pulled off a David-versus-Goliath victory to unseat Republican Tony Bennett as Indiana’s superintendent of public instruction.
Report: Plug-in vehicles slow to spark interest in Indy
Plug-in electric vehicles, which are struggling to gain traction nationwide, have even less appeal in central Indiana than they do in most areas of the country, a new study says.
Other news: From Allison’s IPO to Lugar’s defeat
Politics and real estate helped round out 2012’s news of note.
SKARBECK: Investors’ dour mindset costing them money
Every day, U.S. investors are bombarded with a lack of action from inept politicians who can’t seem to take one positive step toward solving our fiscal crisis.
HICKS: Time to take stock of Mitch Daniels’ tenure
No matter your politics, you must admit that Mitch Daniels has been the most consequential Hoosier governor in more than a lifetime.
IURC caps ratepayers’ share of Edwardsport plant at $2.6B
Opponents call the deal too generous to Duke Energy and say it doesn’t protect ratepayers from rising financing costs.
Pacers’ tip against Bulls to be rescheduled
The Indiana Pacers’ game with the Chicago Bulls scheduled for Wednesday night at Bankers Life Fieldhouse was postponed due to weather conditions. The game will be rescheduled and announced at a later date, according to team officials. Tickets for Wednesday night’s game will be honored for the rescheduled game.
City calls in contractors for plowing
Following Wednesday’s 7-inch snowfall, the Indianapolis Department of Public Works called on 50 private contractors to get another 350 snow plows to clear the city’s residential streets. With some 4,000 miles of side streets throughout the city, DPW has asked residents to be patient. A DPW spokesperson said it was too early to estimate the cost or the time frame for snow removal. The last time DPW needed to hire contractors for residential areas, it cost the city roughly $250,000.
Indiana retailers in dumps after tepid holiday sales
Public companies in the retail sector, including Indianapolis’ Finish Line and HHGregg, have watched their stock prices dwindle in the days before and after Christmas.
Kite continues Southeast push with $37.3M in acquisitions
In December, the Indianapolis-based real estate investment trust bought two shopping centers in Greenville, S.C., using proceeds from its recent $60 million stock sale.
McAfee, not Luck, is Colts’ biggest Pro Bowl snub
Despite being one of the NFL's best tackling kickers or punters, Colts' Pat McAfee is passed over for the Pro Bowl yet again.