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Fuel hike might ground ATA plan: Fleet-cut savings nearly wiped out

On the expenses line of ATA Airlines Inc.’s battered books, the savings associated with a fleet reduction might have been accounted for as a tailwind that accelerated its flight to financial solvency. Paring 35 of its 82 aircraft in the first half of this year saved the Indianapolis carrier $49 million in jet fuel and oil expenses. That’s big money for the bankrupt airline: half of what it’s trying to raise from investors to pull out of Chapter 11 and…

RETURN ON TECHNOLOGY: Is Google everything it’s cracked up to be?

It’s often hard to tell what’s a gimmick, and what’s a real business tool. As I sit staring thoughtfully at Google’s stripped-down, Zenlike home page, I can’t decide whether it’s another Clippy (the annoying animated paperclip character introduced in Microsoft Word 97), or another paperclip (which is so ubiquitous and essential in business that we don’t even think of it as technology anymore). It could be either, or even both. Google has left the desktop in Microsoft’s grasp, but staked…

EYE ON THE PIE: We need better number-crunchers

Quietly, the Daniels administration is doing something that may be a historic first: It is trying to improve the information available for administrators, legislators, analysts, scholars and ordinary citizens. It’s a big task, with many barriers to success. Typically, units of state and local governments don’t share data with one another. They think narrowly about what they have to do today and don’t consider the needs of anyone else. The Indiana Data Initiative-which involves Indiana University, other state universities and…

Anthem to sponsor Free Thursdays at art museum:

Anthem Blue Cross and Blue Shield in Indiana has signed on as the presenting sponsor of Free Thursdays at the Indianapolis Museum of Art through the end of the year. The sponsorship allows IMA to continue offering free admission to both the museum and the Oldsfield-Lilly House and Gardens. Anthem was right for the sponsorship because it paralleled the IMA’s mission, said IMA spokeswoman Suzanne Peralta Wolski. “Improving health of people we serve’ is Anthem’s commitment to the community,” Wolski…

Indianapolis responds to Katrina devastation:

Local philanthropic response to the epic disaster was almost immediate. Television and radio stations alike urged central Indiana audiences to make donations at dozens of collection sites, and the Salvation Army’s Indiana Division broke out its red kettles to help. The corporate community also responded. Gifts made by IBJ’s deadline include: Indianapolis-based Eli Lilly and Co. said it will contribute $1 million to the American Red Cross and match all contributions made by its U.S. employees. Lilly also will give…

VIEWPOINT: Customers in search of the ‘wow’ factor

“Please step up and use the self-service check-in screen,” the airline customer service representative told the man in front of me on a recent busy Monday morning. “No,” was the quick and startling response. “I don’t want to. I prefer to deal with a human being.” It was the CSR’s response that stopped me in my tracks. “Then, Sir, deal with another airline,” she said as she turned to deal with a luggage issue. Maybe it was the starkness of…

Stadium neighbors see rising property values: Investors, entrepreneurs eye southwest side of downtown 70

The south end of downtown may not qualify as the hottest real estate market in town, but since plans for a new stadium were unveiled in January, the largely industrial area surrounding it has definitely heated up. Plans call for the stadium to be built on a two-square-block site bordered by Capitol Avenue, and South, Missouri and McCarty streets, now mostly occupied by surface parking. In the area surrounding that parcel, real estate sources report rising land prices and increased…

Insurers thinking younger: Healthy, uninsured and 20? WellPoint, Golden Rule, others would like to sell you a policy

WellPoint Inc. and other insurers think they’ve found a hot new market-offering high-deductible individual health insurance policies to uninsured people who are young and healthy. It’s a market insurers historically may have overlooked, based on the misconception that uninsured people are poor and in bad health, said Dana McMurtry, vice president of health policy and analysis at WellPoint. Nationally, more than half the 45 million uninsured earn more than $25,000 a year and more than one-quarter top $50,000 annually, according…

BULLS & BEARS: Acquisitions fun to make but might not add value

We’ve recently explored some of the alternatives companies have to deploy “free cash flow” to enhance value for shareholders. We defined free cash flow as what a company has left after making the expenditures needed to maintain its standing in its industry. A company typically has multiple options, including making incremental investments in plant and equipment to spur internal growth, paying or increasing dividends, and repurchasing the company’s stock on the open market. Perhaps the most exhilarating use of excess…

Lilly battles five-year flu: Analysts: Drugmaker primed for rebound from Prozac defeat

It’s been a challenging five years for Eli Lilly and Co., which has launched nine new drugs yet seen the price of its stock fall by half, wiping out more than $60 billion in market value. However, company officials say the drugmaker has rallied from the jarring setback it received Aug. 9, 2000-when a federal appeals court invalidated Prozac’s patent protection-and are optimistic better times lie ahead. They say the company is positioned to increase profit and revenue, thanks to…

EYE ON THE PIE: How home buyers step off a cliff

Why does Indiana have such high bankruptcy and mortgage foreclosure rates? No one knows. Many say the economy in Indiana has been responsible for our troubles, but other states have been hit as hard and not had the same bankruptcy and foreclosure problems. Perhaps we are a state of dreamers, people who want to own a home but do not understand the obligations we assume. Our dreams are encouraged by the federal government, which allows mortgage interest and property tax…

Chamber head could come from afar: Greater Indy Chamber taking more corporate than clubby approach to search

The No. 2 man at the Greater Indianapolis Chamber of Commerce isn’t necessarily a shoo-in to succeed retiring president John S. Myrland, according to directors of the city’s primary business advocacy group. It’s not that Executive Vice President Roland Dorson might not well be the best candidate and ultimately picked as president, as was Myrland when holding Dorson’s job 14 years ago. Some chamber directors say Dorson is the strongest internal candidate. But, in a departure from years past, the…

Ethanol fuel pumps may debut here by ’06: Still no place for the masses to buy E85, despite interest in the alternative to gasoline

Even though Indiana is one of the nation’s biggest growers of corn-the key ingredient in cheaper-than-gasoline ethanol-not a single ethanol pump is available to the average motorist in the Indianapolis area. That twisted irony in a day of record gasoline prices may soon be no more, with a handful of central Indiana gas stations likely to start offering an ethanol alternative-known as E85-by yearend, according to proponents of the fuel. “I hope by Christmas to have a couple in the…

Student teachers get taste of urban schools: Ball State lets future educators spend semester in IPS

For many students majoring in education at Ball State University, thinking about teaching in an urban elementary school conjures up images of unruly students, apathetic parents and old, rundown buildings. These and other similarly negative perceptions are generally inaccurate, say BSU educators, but they are gathered in surveys conducted each year. So the BSU Urban Semester Program places students in an Indianapolis Public School for 16 weeks in the hope they acquire more positive-and accurate-images. “We find students have horrible…

Cleaner diesel fuels growth at southeast-side factory: Former International Harvester plant is a star for Chicago-based parent Navistar International Corp.

Workers at the once-beleaguered International Truck and Engine Corp. plant on the city’s southeast side are thinking expansion following a $300 million plant upgrade and word of an aggressive 2006 marketing campaign designed to clean up the public image of diesel engines. Improvements to the 1.1-million-squarefoot Brookville Road facility were necessary to meet U.S. Environmental Protection Agency mandates for diesel engines set to take effect in 2007, but the plant’s future seems secure well beyond that. The local subsidiary of…

SPORTS: Life lessons revealed on a nine-hole golf course

I received the best golf lesson of my life recently, and it didn’t cost a dime. My instructor didn’t work on my grip, my stance or my posture at address. He didn’t tell me to keep my head down, my left arm straight or to turn my hips toward the target. We didn’t talk about fluffy, plugged or tight lies. We didn’t talk about reading putts or reading divots. We didn’t work on driving, long irons, short irons, wedge play…

IU makes pigskin promotional push: New coach, aggressive advertising are part of multi-prong strategy to escape financial hole

The Indiana University Athletic Department is intent on reaping financial rewards from its football program for the first time in more than a decade with a marketing campaign built around its affable new coach, Terry Hoeppner. IU officials said they will spend nearly as much on marketing the school’s football program this year as on Hoeppner’s $250,000 base salary. Bolstering football attendance is a critical step toward stopping financial hemorrhaging in the school’s Athletic Department, IU officials said. In 2004,…

Travel club members take wing: Ambassadair hoping to stop declining enrollment in wake of parent ATA’s bankruptcy

Ambassadair Travel Club Inc. has lost about 20 percent of its members since parent ATA Holdings Corp. filed Chapter 11 bankruptcy last October, a trend its president hopes to reverse after ATA sells the long-profitable club as early as next month. “After all the unfortunate attention surrounding ATA, we expected a modest decline in membership for a temporary time and look forward to obtaining new members once we make an a n n o u n c e m e…

Trio use experience to start consultancy: State-government veterans met while at FSSA

Three veterans of state government have pooled their years of management experience to launch the women-owned business consultancy Engaging Solutions LLC. Led by Venita Moore and Debra Simmons Wilson, the company set up shop in the Indiana Black Expo building on North Meridian Street this spring to provide fiscal management, strategic planning, outreach, training and economic development services. They and part-time principal Tammy Butler Robinson say the firm’s focus on serving government agencies, not-forprofits and faith-based organizations fits their backgrounds….

TAWN PARENT Commentary: Have you written your kids lately?

A while back, I proudly completed David McCullough’s 736-page “John Adams,” one of the longest books I’ve read, but well worth the effort. Then I moved on to his daughter Dorie McCullough Lawson’s much-lessdaunting “Posterity: Letters of Great Americans to Their Children,” a collection of missives by the likes of Albert Einstein, Elizabeth Cady Stanton, Woody Guthrie, W.E.B. Du Bois and John D. Rockefeller Jr. In the preface, Lawson writes of her decision to exclude from the book any correspondence…