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Articles
U.S. student-loan debt adds to growing wealth gap
Roughly 37 million people in the U.S. are saddled with $1 trillion in student debt, a factor contributing to the widening of the gap between rich and everyone else in the country.
Undertaker mayor says Connersville will cheat death
The mayor of Connersville declared a financial emergency three months into budget year.The culprit is the loss of a single employer, Visteon Corp., which closed an auto-parts plant in 2008, throwing 900 people out of work.
Legislative recap: ‘Short’ session a busy one after all
The latest Indiana General Assembly, which wrapped up a “short” session March 14, tackled a rather lengthy list of bills. We look at how some notable proposals fared.
City to consider $7.7M bond issue to assist Broad Ripple project
Browning Investments Inc. says that it is seeking $5.7 million from the bond issue to help finance Canal Pointe, its controversial $30 million apartments-and-retail project.
Technology Power Breakfast transcript
Indianapolis Business Journal gathered tech leaders for a Technology Power Breakfast panel discussion March 14. The panel talked about topics ranging from ExactTarget to mentors to raising capital.
Palladium construction lawsuits costing panel millions
The cash-strapped Carmel Redevelopment Commission has spent more than $6 million since 2009 “responding to, defending and settling” legal claims from contractors involved in construction of the city’s Palladium concert hall.
No-holds-barred tactics lifted developer Ozdemir
Ersal Ozdemir, who heads the development and construction firm Keystone Group, has charmed elected officials for years with big ideas—and hundreds of thousands of dollars in political contributions.
Durham’s Geist mansion goes back to the bank at auction
Lender JPMorgan Chase & Co. took possession of convicted Ponzi schemer Tim Durham’s Geist mansion Thursday after the property failed to draw an offer higher than the bank’s base bid of $2.24 million.
Mayor wants to lure high-earners to boost income-tax base
Mayor Greg Ballard’s chief deputy has spent the past six months telling community and business leaders that the city simply cannot cut its way out of its revenue problems; it also needs to attract more people to live within city boundaries so they will pay their income tax to Indianapolis.
Symbol of Durham’s opulence heading for a sheriff’s sale
Tim Durham’s 10,700-square-foot Geist home has languished on the market for years with an asking price of $5.5 million.
House panel OKs bill that loosens energy-efficiency rules
Sen. Jim Merritt said the existing energy-efficiency program is unfair to industries because many of them are already paying for sophisticated in-house programs focused on cutting energy use and pursuing other efficiencies.
Rockport plant might not be dead, after all
A controversial power plant planned for southern Indiana has quickly and quietly moved forward after developers said they no longer planned to pursue the project.
City committee again delays vote on MSA tower’s financing
Members of the Metropolitan and Economic Development Committee said they needed more information on Flaherty & Collins’ proposed $81 million high-rise project on the former Market Square Arena site.
Mass-transit bill clears Senate committee, with changes
A mass-transit bill for metro Indianapolis cleared a key Senate committee Tuesday morning, but left open many questions about how such a system would be funded. An amendment to the bill nixed the use of light rail.
My own Obamacare math says small employers will, indeed, drop coverage
In my financial situation, I could save from 2 percent to 30 percent buying health insurance on the Obamacare exchanges. I suspect a lot of small companies and their workers will see similar results.
Hicks: Labor markets respond to choices, good or bad
There are many causes to income inequality, most significantly that labor markets value different skills in different ways.
