Articles

Eminent domain facing legal challenges: Supreme Court, Indiana legislature consider changes to economic development tool some say is unfairly used

The tool of eminent domain, increasingly used for redevelopment projects in Indiana cities and towns, could change significantly depending on the outcome of a U.S. Supreme Court case and a bill before the Indiana General Assembly. In Indianapolis, city officials are closely watching the cases and legislation. In recent years, construction of WellPoint Inc.’s operations center, redevelopment of the Link-Savoy and Blacherne apartment buildings, and Fall Creek Place have all involved eminent domain. Officials have also indicated they may use…

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INVESTING: Market opportunities narrow, but still exist for investors

One pleasant thing about the stock market is that dominant trends do not change quickly. A strong, healthy bull market does not turn into a nasty, hungry bear overnight. There is a process and an evolution that a full market cycle goes through, and the transition phases of these cycles typically last three to nine months. Investors who become aware that they are in the early to middle stage of one of these transition periods will have ample time to…

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BULLS & BEARS: How managing investments works from the top down

Another variation of the asset allocation and diversification theme that is common on Wall Street is what’s called a “topdown” investment strategy to manage a portfolio. Investors who practice this sort of money management are generally more concerned with the economic outlook and its effect on various “market sectors” than the business fundamentals of a particular company. The Standard & Poor’s 500 index is the most commonly used measuring stick for the investment performance of many mutual funds and money…

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STATEHOUSE DISPATCH: Telecom regulation takes center stage at Statehouse

While this session will, necessarily and constitutionally, be all about the budget, you can expect a few interesting stops during the long journey to that point. Even as the House Ways and Means Committee was hearing last week from assorted state agencies about their respective budget needs, other lawmakers were hearing from Hoosiers more interested in altering state policy than what the state’s fiscal bottom line might be. And just like the governor will be distracted this week-as he should…

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Telecom bill would cut power of state regulators:

Legislation backed by SBC Indiana would dial down the state’s authority to regulate telecommunications in the face of new competition from wireless and cable TV providers. House Bill 1518 likely faces static from regulators and consumer interests in its call to block the Indiana Utility Regulatory Commission from setting pricing and terms on basic phone service after 2007, and to strip the agency’s leverage over broadband services. As a practical matter, the IURC already lacks authority on broadband, given previous…

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