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.
Call it a trickle-down effect, but not the kind President Reagan would have liked. The recession has cost most institutional
investors, such as university endowments, about a quarter of their value. As a result, venture capitalists’ primary source
of funding has dried up. The implications for Hoosier entrepreneurship are stark.
Hard times present a fitting opportunity for communities to engage in useful self-reflection. In this case, deep thinking on the regional economy could best be served by focusing on the fundamentals first, not the outcomes.
Struggling developer Lauth Group Inc. has cut about 90 percent of its staff and lost control of part of its portfolio to a
major equity partner-developments that raise doubts about whether the locally based company can survive the recession.
In a March 13 filing with the Securities and Exchange Commission, publicly traded White River revealed it’s postponed its merger with First Chicago Bancorp, and now is negotiating new terms.
Indiana golf course operators are nervous about how the recession might lead to fewer golfers and lost revenue.
With economists predicting the statewide unemployment average will reach 10 percent this year, the experience of a hard-hit
city like Connersville offers a glimpse of what lies ahead for other manufacturing-reliant Hoosier communities.
A healthy economy can only be sustained under a true free-market capitalist society of producers and savers.
Though I’m an economist, and not much skilled at matters of the heart, it seems to me there’s something amiss in today’s national psyche. There’s no real sense of purpose or unity. For those of us old enough to have had very close relatives who lived through the Great Depression, today just feels different from […]
Compared to most of the rest of the state and nation, Indianapolis is an occupational dynamo.
Instead of buying and selling, investors with ready cash are buying houses at substantial markdowns, turning them into rental
properties and sitting tight until the market improves.
Restaurateurs are responding to the recession, be they the proprietors of fine-dining establishments or burger joints, by offering low-cost dining deals.
Car dealers fearful of losing their flagship brands if auto manufacturers crash and burn aren’t getting much help from the
Indiana General Assembly.
Hoosiers’ long ride on the gambling gravy train finally may be coming to an end.
Local manufacturing stalwart Allison Transmission will have to restructure its more than $4 billion in debt or further cut
expenses if it’s going to weather the recession.
About two dozen franchises based in Indiana are not immune to difficulties during the recession.
Among defendants named in a Missouri lawsuit against investment firm Stifel Nicolaus and Co. is Stifel Managing Director Jeffrey
Cohen, who is based in the company’s Indianapolis
office.
In the past, lawmakers ignored the need to fix financing for the Unemployment Insurance Trust Fund, and now they must come
up with solutions that will be difficult for both Democrats and Republicans to accept.
The wages paid by a company to its employees are a distinctly private matter.
Difficult economic conditions have been faced before and we have both the tools and will to overcome our problems.
