Fitch strips Indianapolis of prized AAA bond rating
Fitch and other rating agencies are concerned that the phase-in of property tax caps will further strain the city’s finances.
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Council faced unpleasant choice
[In the Aug. 17 editorial] IBJ accuses elected officials of making decisions based on partisanship rather than
good judgment. This superficial pronouncement of the reasons behind Proposal 285’s vote tally lacks thoughtful evaluation
of why councilors cast their votes the way they did at the August 10 council meeting.Fed’s Bernanke headed for second term
Federal Reserve Chairman Ben Bernanke, widely credited with taking aggressive action to avert an economic catastrophe after
the financial meltdown last fall, will be nominated by President Barack Obama for a second term, The Associated Press learned
last night.IUPUI faces tough decisions over aging sports facilities
IUPUI is grappling with how to pay for upkeep and improvements necessary to keep its three world-class athletic facilities—and
the city—in the hunt for high-profile sporting events.Southwest bids $170M for Frontier Airlines
Southwest Airlines Co. said today it’s bidding $170 million to buy Frontier Airlines Holdings Inc. out of bankruptcy protection,
surpassing an earlier bid of $108.8 million by Indianapolis-based Republic Airways Holdings Inc.WellPoint stock bucks market plunge
News that the Obama administration might be willing to drop the idea of a government-run health insurance plan has given a big boost to Indianapolis-based insurer WellPoint Inc.
ICVA might take out loan to market city for conventions
The Indianapolis Convention & Visitors Association is so desperate for more marketing funding, the organization charged
with promoting the city as a convention and tourism destination is considering taking out a loan. While that
would be the last resort, ICVA CEO Don Welsh said it is one he will have to consider if the money can’t be raised through
local taxes.Democrats eager to face Ballard
Several prominent local Democrats are lining up to challenge Republican Mayor Greg Ballard just two years into his first
term.HETRICK: Will we distinguish the faux news from the real?
There was a time, of course, when journalists had the time, space, resources and respect to sort things out for us.
EDITORIAL: Partisan games plague council
The City-County Council wisely averted disaster for the Capital Improvement Board Aug. 10 by voting to raise the city’s
hotel tax from 9 percent to 10 percent, but the razor-thin vote was another disappointing case of elected officials making
decisions based on partisanship rather than good judgment.Southwest bid for Frontier could be in trouble
Southwest Airlines Co.’s bid for Denver-based Frontier Airlines Holdings Inc. may have hit turbulence, according to the Dallas
Morning News.For Zotec CEO, health care reform cuts both ways
In the eyes of Scott Law, Congress is heading in exactly the wrong direction on health care reform.
But the
CEO of Zotec Partners predicts a big bump in sales for his physician-billing management company if current reform proposals
become law.New higher-ed chief takes aim at dropout rates
Teresa Lubbers became Indiana commissioner for higher education on July 7 after serving 17 years as a Republican state
senator from Indianapolis. She says every Hoosier needs some college-level training. Lubbers got a running start on her new
job, having served as chairwoman of the senate education committee
for years. She also worked frequently at the commission’s downtown offices during May and June—after her predecessor
had
left but before the Legislature returned for a special session to pass a budget. Her new staff dubbed her SenComm.BENNER: NCAA move keeps paying dividends for Indiana
Ten years ago this week, the National Collegiate Athletic Association opened the doors to its new headquarters in White River
State Park.Stant Corp. files for bankruptcy protection-WEB ONLY
Stant Corp., a 111-year-old manufacturing firm based in Connersville, filed for Chapter 11 bankruptcy protection yesterday, according to Bloomberg News. Stant, the world’s top maker of automotive fuel, oil and radiator caps, was one of Indiana’s 20 largest public companies in the mid-1990s, with annual sales exceeding $600 million, before it was acquired by United […]
State panel to hear about tuition increases-WEB ONLY
A state committee has set tomorrow as the date that officials from Indiana’s public colleges and universities must explain their decisions to raise tuition. The State Budget Committee, which includes four fiscal leaders in the General Assembly and the state budget director, wants the colleges to justify the increases when so many students and families […]
Kenley wants answers on tuition increases-WEB ONLY
An Indiana committee that oversees government spending will seek detailed explanations next week from public colleges and universities on why they have raised or proposed to raise tuition. Republican state Sen. Luke Kenley of Noblesville, chairman of the State Budget Committee, said today that the panel wants the colleges to justify their tuition increases at […]
Ex-Indianapolis councilman named to Senate-WEB ONLY
A former member of the Indianapolis City-County Council has been elected to fill a vacancy in the Indiana State Senate. Republican precinct committee members elected Scott Schneider during a caucus last night to replace Teresa Lubbers, who resigned from the Senate to become the state’s higher education commissioner. Schneider’s term representing Senate District 30, which […]
Ivy Tech signs agreement with Mexican state-WEB ONLY
Ivy Tech Community College’s Lafayette campus is reaching out to a state in Mexico to start a cultural and education program focusing on agriculture. Administrators from Ivy Tech’s Lafayette campus and officials from the state of Hidalgo, Mexico, signed an agreement yesterday that starts the exchange program. The agreement will allow Ivy Tech and a […]
Drug industry funds Democrat-led panel on health care reform
The pharmaceutical industry—which for two decades has given twice as much in campaign donations
to Republicans as Democrats—organized a panel composed mostly of Democrats this month in Indianapolis
to argue its position on health care reform.