Lumina chair Mutz preps for a W downturn
John Mutz, former lieutenant governor and chairman of the Lumina Foundation, is digging in for extended hard times.
Recession
Articles
Economy pushes executives into small firms
In the recession, folks with former big-company careers
are increasingly taking jobs with small businesses. For some downsized executives, it’s about the desperate need for
a paycheck. Others, who felt impotent and pigeonholed in corporations, discover they prefer the challenge of entrepreneurship.
CIB OKs budget, but awaits council vote
Members of the Indianapolis Capital Improvement Board this afternoon passed a $63 million budget for 2010 that hinges on the
City-County Council’s approval of a hike in the local hotel tax.
Neurosis and dying: Now you know
Believe it or not, until Purdue University psychologist Daniel Mroczek tackled the question, no had delved into why people who freak out easily die earlier than mellow folks.
Lottery sales fall 11 percent as Lotto, scratch-off demand wanes
The Hoosier Lottery limped through its latest fiscal year, turning in its poorest sales performance in a half-decade due mostly
to declining demand for Hoosier Lotto tickets and scratch-off games, the Lottery said today.
Purdue prof: ‘Clunkers’ could stall retail sales
The federal ‘Cash for Clunkers’ program has opened a floodgate of car sales that President Obama says is a much-needed
boost for the economy. But retailers may feel the negative effects of America’s collective investment in new cars, predicts
a Purdue Retail Institute researcher.
HAUKE: Investing lessons a turtle would love
I have learned a lot about sea turtles since last
night, and I believe a few of these things belong in any long-term discussion about investing.
ECONOMIC ANALYSIS: Stimulus plan must work now … or it never will
The postmortem and dissection of the federal economic stimulus plan have begun in earnest. The president has added to his woes by saying the stimulus will take years, not months, to work, and his chief economist managed to squeak out the headline or two that the worst is ahead of us.
Kite Realty misses out on REIT revival
Kite Realty Group Trust has stuck pretty closely to the REIT recession playbook: Renegotiate debt, sell new shares, cut
dividends, and set the development engine to idle. But as the shares of most publicly traded real estate
investment trusts have bounced back from the lows in March, Kite’s shares have lagged.
Recession forces casinos to go all in with pricey expansion projects
In a saturated gambling market, Indiana casinos increasingly rely on expanded entertainment options to
attract patrons. The upshot is that an industry once considered “recession-proof” is asking
the General Assembly for lower taxes and hopes to eliminate expensive regulatory requirements like maintaining engines
and crews.
Corporate donors standing by $25M Super Bowl pledges
Most of the companies that agreed to help underwrite the 2012 Super Bowl are standing by their commitments even as the recession
wreaks havoc on their businesses. Of $25 million pledged by more than 80 companies before last year’s bid process, only about
$1 million is at risk, said host committee head Mark Miles.
KELLER: The party’s over for IU Law grads as stapped firms trim opportunities
Fledgling attorneys face a legal industry in defensive mode, resulting in drooping employment figures.
MARCUS: Grouch finds good in the economy
To use a gardening metaphor, have the courage to prune back in a tough economy, and plant new seeds before the weather improves.
HICKS: Certain unemployment causes worse than others
Unemployment often is a necessary and natural part of a healthy economy. But job losses that come when workers or even entire
industries become redundant are especially painful.
Boomtown on hold: Recession delays Honda’s full impact on Greensburg
Jobs created by the new manufacturing plant have been offset by losses elsewhere in the community, and related development
remains scarce. But local officials remain optimistic about Honda’s long-term impact.
Half of state’s public-company CEOs saw pay rise in 2008
For investors, 2008 was the worst year since the Great Depression. Even so, more than half of the state’s public-company executives
saw the value of their pay packages rise from 2007—despite the fact that only 10 of the companies posted a positive total
return in 2008, and 46 companies shed more than one-third of their stock market value.
Unprecedented economic forecast revision will frame special session
With the help of outside economists, Indiana government undergoes an economic forecast every other yearâ??a process that’s taken on increased importance this spring, as Gov. Mitch Daniels and the Legislature attempt to craft a two-year budget amid the deepest recession since the early 1980s.
Recession toughens faith communities
I enjoyed speaking to your reporter, Kathleen McLaughlin. However, her article ["Building on a prayer," in the May 25 issue] contains an error that requires correction. The statement that "Holy Trinity Greek Christian Orthodox Church proceeded with its northward migration from 40th and Pennsylvania streets to western Carmel even though it isn’t necessarily growing"—is not […]
Churches look for ways to pay off construction projects planned before recession took toll on collection plates
In Indianapolis and around the country, congregations that expanded before the recession are now taking drastic measures,
including budget cuts that have resulted in layoffs, salary reductions and giving less to charities.
Fiscal crisis calls for drastic measure
Ind. Gov. Mitch Daniels will call the Legislature into special session to pass an acceptable budget, but some legislators think a budget that would satisfy the governor cannot be crafted by the contentious partisans in this developing fiasco.