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ERODING FOUNDATION: Endowment’s assets fall with Lilly stock; heavy sale of shares dim chances for rebound

Endowment’s assets fall with Lilly stock; heavy sale of shares dim chances for rebound Wall Street is chipping away at Indianapolis’ most-venerable philanthropic institution. The value of Lilly Endowment’s primary asset-Eli Lilly and Co. shares-has dropped by more than half since 2000, forcing leaders to sell additional shares in order to give away hundreds of millions of dollars as required each year. Still, the privately run endowment remains a major Eli Lilly shareholder, with nearly 148 million shares of the company’s…

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EYE ON THE PIE: Security depends on flexibility, not stability

In one word, what do we want? I suggest that word is security, physical and financial security. We want to live without fear for our lives or our livelihoods. The atrocities of 9/11 made Americans more fearful about their physical security than they had been since the early days of World War II. Our economic condition feels insecure as jobs drift to other nations, as health care costs soar, and as both public and private pension plans are threatened. To…

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ISO program gets high marks:

An Indianapolis Symphony Orchestra program that incorporates art and music into elementary schools benefits students and teachers, according to an independent study released this month. ISO’s School Partnership Program is in its sixth year. In the program, ISO and the schools collaborate to create lesson plans and curricula incorporating the arts into classrooms and core subject areas. The study, performed by Robert Horowitz, associate director of the Center for Arts Education Research at Teachers College, Columbia University, evaluated progress at…

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Property taxes could dominate session: Lawmakers face difficult chore of addressing flaws in market-assessment system

Indiana has been struggling for more than a decade to move its property tax system to a market value standard. Expect the property tax reform debate to take center stage once again in the 2006 Indiana General Assembly. “The more things change, the more they stay the same,” said Karl Berron, vice president of the Indiana Association of Realtors. There are some who would like to scrap the property tax system entirely and replace it with some other form of…

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Health care: big problem for small business: Wyoming lawmaker’s proposed legislation could end 10-year Senate impasse on controversial solution

More than 45 million Americans lack health insurance. And more than half of them are employed or dependent on someone who works for a small business, according to the National Federation of Independent Business. It’s a big problem-especially in Indiana. Between 2000 and 2004, 5.6 percent of Hoosier workers lost employer-provided health care, according to the Economic Policy Institute. That’s a higher percentage than any state except Wisconsin. Legislation just introduced in Congress by Wyoming Sen. Michael Enzi, however, may…

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Hispanic market his target: Ponce Publicidad founder focuses on fast-growing demographic group

The Bank of Central America is moving into Florida and other parts of the southeast United States. While this development might not seem significant for central Indiana business operators, Roberto Ponce thinks it’s a sign. “The burgeoning Hispanic market within the U.S. is becoming a major factor,” said Ponce, president of Indianapolis-based Ponce Publicidad. “If domestic businesses don’t realize that and reach out to this segment, others from beyond our borders will.” Ponce thinks his firm is uniquely positioned to…

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Fine-tuning a business strategy: Local violinmaker finds success by raising prices

F ine-tuning a business strategy Local violinmaker finds success by raising prices John Welch made a counterintuitive business decision two years ago. The violin business was in decline. Asian manufacturers were turning out high-quality stringed instruments for a fraction of the price of their American competitors. Welch decided to swim against the current. He raised prices. “We realized the only way to compete with the Chinese was to improve our quality,” said Welch, CEO of Indianapolis-based Sofia Violins. “We realized…

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Merry Realty Inc.: Big plans for small firm Real estate agency tries to win business by teaching buyers rules of the game

Real estate agency tries to win business by teaching buyers rules of the game Large agencies may dominate the residential real estate game, but Indianapolis-based Merry Realty is trying to prove a small player still can make a big name for itself. For years, Merry Realty has focused its efforts on properties in Indianapolis, but it is rapidly expanding into a more diverse market, targeting booming areas like Hamilton County while staying loyal to its inner-city roots. Real estate broker…

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VIEWPOINT Valerie Eickmeier: Business needs to harness power of arts

VIEWPOINT Valerie Eickmeier Business needs to harness power of arts Indiana will more fully reach its potential in economic development for the 21st century when its common goal is to build a community where commerce and creativity can thrive. The world is entering an era some business leaders and economists are calling the “Conceptual Age.” They trace the economic growth of our country from agriculture to industrial manufacturing, technology and the Information Age. Today, our country’s primary economic growth and…

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ITT Educational Services rebounds from federal probe: With stock at 52-week high, company plans growth

After rebounding from a federal criminal probe that uncovered no wrongdoing, ITT Educational Services Inc. is proceeding with an ambitious growth plan in hopes of building upon a bullish earnings run. The U.S. Attorney’s Office in Houston, which led the investigation into whether the Carmel-based private provider of postsecondary degree programs had falsified student records, acknowledged in June that it did not turn up evidence justifying the charges. “It was very, very disruptive and very distracting to the organization,” ITT…

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MASTER OF THE PLAN: Ultra-prepared president has Purdue primed for ‘pre-eminence’

It’s half-past eight on a Monday morning and Martin Jischke is at his desk, poring over notes. This is how Purdue University’s president spends his days and most of his nights-preparing to be prepared. At any time, Jischke could be interacting with students, alumni, faculty, legislators or business leaders. He wants to be ready for their questions with clear, articulate answers, no matter the subject. His responses seem off-thecuff, but make no mistake: Jischke has studied and considered his position…

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What’s up with kids (us) today? CHRIS KATTERJOHN Commentary:

News flash: Many kids today show little respect for or fear of authority, or anything else for that matter. Did you catch Ruth Holladay’s Nov. 8 column in The Indianapolis Star about the vandalized deer sculpture on the DePauw University campus? A life-size sculpture of an eightpoint buck was created by New York artist Marc Swanson and donated to the school by the Butler Family Foundation at a cost of five figures. It was a beautiful piece of public art,…

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ECONOMIC ANALYSIS: We need to push harder to foster a tech economy

You have to give the folks at Techpoint, the advocacy group for technology-oriented business in Indiana, plenty of credit for stamina. For eight years, these f o r wa r d – l o o k i n g folks have been carefully measuring the state’s progress in what was once called the high-tech economy. And for each of those eight years, the message has been depressingly consistent: We remain at the back of the pack. That’s not for lack…

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State revamps I-Light expansion project: Funding restored, but network limited to universities

Indiana Gov. Mitch Daniels has given high-speed Internet project I-Light the green light, but with a twist from its original intent. He agreed this month to support the final stages of funding for the project, which began in 1999 and connected supercomputers at Indiana University, Purdue University and IUPUI. The aim was to expand Indiana’s digital infrastructure by connecting 15 cities via a fiber-optic network. Under his directive, though, only universities and related research parks can tap into the network,…

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BULLS & BEARS: Problems look daunting? A lesson from Granddad

Granddad rocked back and said, “The news is pretty tough to read these days. Makes me want to sit on the porch and just watch the leaves turn.” He shook his head and mentioned all sorts of events that made him wonder if the United States could ever bounce back. First, he brought up the battles for control in the Gaza strip and the fierce fighting over Palestinian areas. Then came speculation on how the United States was going to…

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NOTIONS: An interdependent interaction with Bill Clinton

A few months ago, Butler University announced that former presidents Bill Clinton and George H.W. Bush would be among the speakers appearing on its Indianapolis campus during the school’s 2005-2006 sesquicentennial celebration. Within hours of the news breaking, my niece, a Butler junior and political science major, sent an e-mail asking if I’d like to join her for the first of these appearances, the one by Clinton on Nov. 8. Having long ago rounded up my fellow neighborhood kids for…

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Butler construction project targeted for fall ’06 finish: Student housing, rec center to join historic campus

The landscape around Butler University’s historic Hinkle Fieldhouse is undergoing dramatic changes not seen on the private campus since the early 1960s. Construction began in May on a $50 million project to build a student recreation center west of the 77-year-old arena and student housing to the east. Both should be finished by the start of the fall semester in August. The construction projects are the largest since Irwin Library, Clowes Memorial Hall and Lilly Hall were built in 1961,…

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NOTIONS: Learning what matters in the ultimate survivor game

When I was 21, I went to work for a mayor. I was an intern. I wrote speeches, letters, news releases and proclamations; took photographs; set up chairs for news conferences; poured coffee for reporters; sipped tea with sister-city delegations; photocopied documents; scheduled guests for radio and TV shows; produced an audio-visual presentation; showed it to scores of neighborhood associations; told them how great the mayor was. Things like that. I made minimum wage, learned from some wise mentors and…

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VOICES FROM THE INDUSTRY: Talent, education are keys in competitive field of design

“Individuals with little or no formal education in design, as well as those who lack creativity and perseverance, will find it very difficult to establish and maintain a career in the occupation,” warns the department through its currently posted Bureau of Labor Statistics Outlook. While I do suggest that designers of the future should take their career outlook seriously given the current and expected competition, I certainly would not want to discourage them. Creativity and perseverance are among those traits,…

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There’s more to logistics than forklifts and sweat: Colleges offer degrees for white-collar jobs in the field

It’s not sexy, but it’s where the jobs are. Ivy Tech Community College will offer an associate’s degree in logistics management, the latest effort in Indiana aimed at cultivating a work force for the transportation-distribution-logistics sector, known as TDL. Meanwhile, the University of Indianapolis is preparing a concentration in supply chain management that will have key applications in logistics careers. Experts say the educational push is sorely needed, yet it’s still a challenge to get young people interested in the…

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