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BEHIND THE NEWS: It’s not just the big boys who’ll cash in on buyout

Sallie Mae isn’t even headquartered here. So you might figure the April 16 announcement that an investment group was buying the company for an eye-popping $25 billion would mean little for the 2,300 workers who toil at the student-loan company’s Fishers’ office. After all, the big paydays in these kinds of deals only go to the top brass, right? Not in this case. Reston, Va.-based Sallie Mae is one of those rare companies that doles out stock options to its…

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Indianapolis TV news market attains rare double honor: Local affiliates think hefty investment in investigative journalism will pay off with higher viewer ratings

For the first time, two Indianapolis television stations nabbed coveted Peabody Awards-among the highest honor given for TV productions worldwide-in the same year. WTHR-TV Channel 13 and WISH-TV Channel 8 were notified of their awards this month and will accept them June 4 at a ceremony in New York City. The Peabody certainly polishes the image of both stations, but it’s less clear how it will affect the bottom line of WISH or WTHR. The Peabody has been presented by…

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City buildings save money while gaining ‘Star’ status: EPA program gives tax breaks for energy efficiency

Thomson Inc. building, 10330 N. Meridian St. In 2006 alone, the EPA awarded more than 3,400 buildings nationwide with the Energy Star designation. Buildings can achieve the status by adopting an energy-management strategy and tracking the results during a 12-month period using an EPA rating system. Results need to be verified by a professional engineer. All Energy Star products qualify for a tax credit. A deduction of up to $1.80 a square foot is available to owners and designers of…

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SPORTS: Bad news no surprise in our ‘anything goes’ world

I considered the notion for a moment and conceded, “You may be right.” After all, shock-jock Imus had made a career of offering insensitive, crude and sometimes race-based insults (he once referred to New York Knicks’ star Patrick Ewing as a “knuckle-dragging moron”). But when he offered his unconscionable take on the women of the Rutgers University basketball team, his primary mistake was timing. His comments came at the wrong time in the media cycle. There was a vacuum, and…

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EYE ON THE PIE: A useful program for Indiana’s future

I could see she was mad when I walked in the coffee shop. State representative Roberta Righteous was adding packet after packet of sugar substitute to her extra large macho mocha. As I sat down with my cup of regular, she blurted, “Your column last week was another cruel attack on the General Assembly. All criticism, all sarcasm, but no constructive suggestions for progress.” “You want constructive ideas,” I said, “I’ll give you some. “First, Indiana abandons partisan redistricting. When…

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CHRIS KATTERJOHN Commentary: Why ‘profit’ is a sturdy word

Sometimes we need to be reminded of the simplest, most basic things. Like the value of profit in a capitalist society. In a week where I was hard pressed to find the time to write a column, my friend Roland Dorson submitted an unsolicited piece for our consideration. I’ve known the president of the Indianapolis Chamber of Commerce to be a witty man with a clever way with words. Here, he deftly summarizes a notion to which I and IBJ…

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STATEHOUSE DISPATCH: Negotiating blitz to bring legislative session to close

For those who thought this had been a fairly boring session of the Indiana General Assembly to date, wake up from your deep slumber. Nap time is over. We’ve reached the point where the lowhanging fruit has been picked by lawmakers and passed on to the governor, and the heavy lifting remains. Lawmakers embark upon the conference committee stage of deliberations. To understand conference committee time, forget all your conceptions to date about the session and begin with a clean…

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Local international film fest growing by leaps and bounds: But still small potatoes compared with Heartland

The screen comes alive with the tale of a woman trying to track down her on-thelam husband even as she deals with her imprisoned brother and a grown son addicted to porn. The next night features a violence-packed trilogy of films about warring Asian gangs. Toto, we’re not at the Heartland Film Festival anymore. No, the 191 films set to be screened at the Indianapolis International Film Festival starting this month are grittier-helping it build a reputation for attracting a…

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SPORTS: No Indiana teams but plenty of Hoosier flavor

ATLANTA – At the Final Four last week, I was reminded that even without a team, Indiana was well represented. It began at the United States Basketball Writers Association breakfast on the Friday morning before the national semifinals. The occasion was the presentation of the USBWA’s Oscar Robertson Trophy to the player of the year, which happened to be Kevin Durant from Texas. Robertson, the Crispus Attucks great who went on to star at the University of Cincinnati-and who was…

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INVESTING: Here’s where to find peace of mind in a risky world

I know risk is a four-letter word to many of you, and most investors prefer not to think about it at all. But it’s a favorite topic in our shop, and with the Iranian capture of 15 British sailors, the risk discussion here definitely stepped up. You have your pick of conspiracy theories over why Iran took the sailors, who were recently released. I read speculation that the capture was retaliation for an American capture of six Iranian Guards in…

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VOICES FROM THE INDUSTRY: Communications as usual just won’t cut it anymore

In 1999, when the World Wide Web was in its infancy, Rick Levine and others penned and posted “The Cluetrain Manifesto: The end of business as usual” (www.cluetrain.com). In this Web-focused document, their opening salvo at business as usual-and their wake-up call for American business- went thusly: “A powerful global conversation has begun. Through the Internet, people are discovering and inventing new ways to share relevant knowledge with blinding speed. As a direct result, markets are getting smarter-and getting smarter…

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Creative pursuit of happiness: Paintings give form to the ephemeral

For centuries, philosophers, writers and artists have attempted to define happiness. Aristotle spoke of happiness as “the meaning and purpose of life,” and the crafters of the Declaration of Independence affirmed our unalienable right to pursue it. For Indianapolis visual artist Chitra Ramanathan, happiness is a “universally encompassing entity possessing form on a mental level” yet indescribable in terms of physical characteristics. “You can never really capture it,” she said. “You can only express it.” Happiness is the common thread…

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MICKEY MAURER Commentary: He’s homeless but willing to work

For the last two years, I looked forward every morning to the walk west on Washington Street on the way to the Indiana Economic Development offices across the street from the Statehouse. The exercise was invigorating, and inevitably I encountered friends with whom I enjoyed brief conversations. It was fun to breathe in the sights and smells of a great city coming to life. At Illinois Street I marked the progress of the Conrad Hotel, a Kite development that aspires…

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INVESTING: Keep eye on inflation but don’t batten down hatches

For the first time in a while, I am going to use both hands when I write the column. If you visit this space even occasionally, you know I call my spots and I don’t hedge my opinion. I was practically all alone in late February when I wrote as forcefully as I could to buy in the sell-off, which was almost the exact bottom, and readers have been amply rewarded. But today I am going to talk about interest…

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RETURN ON TECHNOLOGY: Have you explored all the wonders of Google?

I’m memorizing the faces of Larry Page and Sergey Brin. I might have to call them both “Your Imperial Majesties” one day. They’re the founders of the globe-rattling company Google, and it’s not beyond the bounds of possibility that they may eventually become the lords of all information. But they’re nice guys, so they let the rest of us have a look at that information, too. It’s mighty handy for those of us lusting for profits. Google started life as…

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SPORTS: Checking in with little brother at the Pacers front office

It is no secret that I share the same last name with David Benner, the director of media relations for the Indiana Pacers. We also share a mother (who still likes me best), a father, a brother, a sister, a “Bob & Tom Show” parody and-long, long ago-a bedroom in our farmhouse down in Center Grove. It’s funny how it all works out. David followed me into the newspaper business at The Indianapolis Star, which he joined as a copy…

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CHRIS KATTERJOHN Commentary: An old friend moves on

CHRIS KATTERJOHN Commentary An old friend moves on It’s difficult to say goodbye to an old friend. Glenda Russell, publisher of IBJ sister publications Indiana Lawyer and Court and Commercial Record and head of our Senior Expos of Indiana division, is leaving our company for a new opportunity. Glenda and I have worked together 22 years. We go way back, all the way to 1985 when IBJ Corp. purchased the newspaper she was working for, at that time known as…

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Planners selling city with video: ‘Doing Indy’ video-podcasting campaign first of its kind in convention business

What began as an innovative way to market Indianapolis over the Internet has gained enough of a following to grab the attention of a local cable television provider. The Indianapolis Convention and Visitors Association started streaming video on its Web site last year and since has recorded nearly 50 episodes that promote the city’s attractions. The “Doing Indy” campaign is geared toward the younger set and features newmedia technology to spread the message. The video streaming, or video podcasting, uses…

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Mass-transit movement focuses on education: Passenger projections, search for director delay effort

Efforts to secure a mass-transit system for central Indiana are moving ahead. But not rapidly. Several mass-transit bills are pending in the General Assembly-including one requiring the Indiana Department of Transportation to study building a rail system from Indianapolis to Muncie, and another encouraging development of mass-transit systems across the state. But neither is likely to result in immediate funding for a system serving Indianapolis commuters. Local mass-transit advocates still are a long way from winning over lawmakers and others…

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MICKEY MAURER Commentary: The power of a single ‘thank you’

One of the most enjoyable aspects of my job as president of the Indiana Economic Development Corp. and secretary of commerce was the opportunity to represent our governor and the state of Indiana on goodnews occasions. On April 26, 2005, I bestowed official state certification on Intech Park, a business incubator that had qualified under the Indiana Certified Technology Park Program. Certified tech parks enjoy the advantage of being allowed to capture and invest in the development of their park…

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