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Posting double-digit percentage losses is a rare event for most charitable foundations. Not so at the multibillion-dollar Lilly Endowment Inc. The Indianapolis-based foundation lost 26 percent of its value in 2008, falling from $7.7 billion to $5.7 billion. What’s different about Lilly Endowment is that its most recent loss caps a downward slide that’s lasted […]
These days, many of the nation’s biggest banks need bailouts to avoid bankruptcy. But plenty of institutions far from the limelight of New York and other banking centers continue to make money and manage their affairs well. Which Indiana-based bank does it best? Merchants Bank of Indiana, whose main office is in Carmel, books better […]
Indianapolis still looks like a city with momentum, despite the dismal economy. But appearances can be deceiving. A quick tour reveals what would seem to be progress. One wouldn’t expect to see construction cranes swinging over downtown, not with bank credit frozen and the commercial real estate sector bracing for a wave of foreclosures later […]
Without traveling, there aren’t many ways that fans of marching music can see performances by the best drum lines, brass ensembles and color guards in the country. That”s why they’ll easily shell out twice the price of a regular movie ticket e to o gather at a local theater and watch the satellite feed from […]
Imagining Indianapolis without The Indianapolis Star used to be unthinkable. The city’s daily newspaper has been landing on front porches for 106 years, telling readers how their government is performing or whether to expect rain or snow. Today, life without a daily newspaper isn’t so far-fetched. Many people, especially younger readers, abandoned it long ago […]
Creating a self-contained community on 1,700 acres of farmland could take much longer than the 15 to 20 years Duke Realty Corp. predicted. The Indianapolis-based real estate company has been working since 2003 on Anson, its ambitious mixed-use development in southeastern Boone County. Anson could become the largest neo-urban-style community in the state. But as […]
This week, art in the wind and an original musical Seeing still images of George Rickey’s stainless steel work, shining like flamboyant cousins of the “2001: A Space Odyssey” monolith, you might easily write them off as cold. Maybe even redundant and uninteresting. It’s a given that photos don’t do justice to most outstanding works […]
For 18 years, Barney Levengood has held one of the toughest and most important jobs in the city. He oversees the operation of the Indiana Convention Center, Conseco Fieldhouse and Lucas Oil Stadium as executive director of the Capital Improvement Board. He’s also become one of the state’s highest-paid public employees. Levengood, 54, earns a […]
Clarian Health and the Indiana University School of Medicine want to turn 1,500 or more doctors into employees under a new group called the Indiana Clinic. Bringing so many physicians together from all specialties could allow them to improve quality, reduce costs and perhaps boost Clarian’s central Indiana market share. It also is likely to […]
I am having coffee with Herman Hardhed, chief tax analyst for the Independent caucus of the Indiana General Assembly. I want his take on the departure of that august body without passing a budget for the coming biennium. “Herman,” I say, “the highest annual rate of inflation since the end of World War II was […]
When I moved to southeastern Hamilton County eight years ago, it was largely a culinary wasteland. Sure, my husband and I found a couple of good local eateries and a bar or two with decent food, but it didn’t take long for us-and our out-of-town-guests-to grow weary of the limited options. “Sahm’s? Again?” So we […]
This week, art in the wind and an original musical Seeing still images of George Rickey’s stainless steel work, shining like flamboyant cousins of the “2001: A Space Odyssey” monolith, you might easily write them off as cold. Maybe even redundant and uninteresting. It’s a given that photos don’t do justice to most outstanding works […]
When I moved to southeastern Hamilton County eight years ago, it was largely a culinary wasteland. Sure, my husband and I found a couple of good local eateries and a bar or two with decent food, but it didn’t take long for us-and our out-of-townguests-to grow weary of the limited options. “Sahm’s? Again?” So we […]
As I drove to work May 12, I listened as local talk-show radio host, WXNT-AM 1430’s Abdul Hakim-Shabazz seized on a blog report that the owner of the National Hockey League Vancouver Canucks was considering a bid to purchase the Indiana Pacers and move them to the Canadian city. There was nothing to confirm that […]
