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There is a change in the air, and I am not talking about that chill you feel when you walk out in the morning to get your paper. This change I am thinking of is even worse than the chill that signals the end of summer. The federal government of the United States just nationalized two of the largest mortgage companies in the world-Fannie Mae and Freddie Mac. On the morning of Sept. 6, when I heard about the move,…
Some people think it’s always important to be kind to Mother Earth-even in death. A concept known as “green burial,” in which one is laid to rest in an environmentally friendly fashion, is gaining some popularity nationwide. Methods of green burial vary, but often involve a more natural interment of the body without the use of toxic embalming chemicals. Simple pine or cardboard coffins that will decompose quickly are used instead of steel caskets. Bodies are laid to rest in…
It’s game time in corporate Indiana. The competitors: warm-blooded workers vs. cold-blooded workers. The battlefield: the thermostat. The unofficial season of the thermostat wars is about to begin. Anyone who’s worked in an office knows exactly how this game shakes out. An employee who complains it’s too hot nudges the thermostat dial farther toward the 60s; an employee who complains it’s too cold gives the dial a shove toward the 80s. The only one to win a thermostat war is…
Lilly Endowment Inc. is still on its journey to sell off $2 billion of its Eli Lilly and Co. shares. But after a slow start and a few stops for rest, it may take a little longer to get there than originally thought. The endowment, the single largest holder of Lilly stock, announced its plan to diversify its holdings back in July 2006. For nearly 70 years, the not-for-profit held its wealth almost exclusively in the pharmaceutical company’s stock. So…
A group of local business and civic leaders is working on a plan to transform the city’s most visible symbol into a public-gathering space without equal in the United States. Monument Circle already hosts dozens of activities each year–including major concerts like last year’s NFL Kickoff–and it will host several events connected to the 2012 Super Bowl. But many stakeholders believe the Circle has yet to live up to its true potential.
I have in my desk a piece of notebook paper. When I unfold it, I see the handwriting of an early-teen boy. It’s a letter of apology. The young man who wrote the note played on a middle school football team that I helped coach. A kid with a lot work ing against him, he was a likable guy who worked hard in practice. Unfortunately, he had trouble keeping his grades up. When they fell below eligibility level, he was…
Duke Realty Corp. has stayed largely out of the headlines this year, which in an economy like this is a pretty good sign. Another Indianapolis developer, Lauth Property Group, has shed more than half its 450-person work force, and Premier Properties Inc.- perhaps the city’s most daring developer-lurched into bankruptcy court. Meanwhile, Duke, which specializes in suburban office and industrial development, keeps on chugging. To be sure, the company isn’t immune to broader economic slowdown. In April, it laid off…
Another mansion once owned by a Conseco Inc. executive will serve as the next year’s Decorators’ Show House. Donald and Patricia Gongaware’s French-style estate in Westfield will get an interior makeover from designers as part of the annual fund raiser staged by St. Margaret’s Hospital Guild. In 2006, the guild used the Carmel mansion formerly […]
Several major expenses caused Indiana Business Bancorp to report a $163,465 loss in the second quarter, the Indianapolis-based parent of Indiana Business Bank reported today. The bank generated a $12,347 profit in the same period last year. Contributing to the loss was the addition of four employees and ratcheting up its provision for loan losses […]
Thousands of bikers are expected to descend on the area over the weekend for the inaugural MotoGP at Indianapolis Motor Speedway.
The series is about as upscale as motorcycle racing gets, sort of like a two-wheeled version of Formula 1.
So, if…
Rain is putting a damper on the economic forecast for the first MotoGP motorcycle race held at the Indianapolis Motor Speedway Sunday. The first motorcycle race at the Speedway in 99 years will…
Within just 45 minutes later this month, the RCA Dome will disappear from Indianapolis’ skyline, the Indiana Stadium and Convention Building Authority said today. The deflation, scheduled for Sept. 24, will be accomplished by turning off the fans that have kept the roof inflated since the dome was built in 1984. The Indianapolis Colts’ home, […]
United Way of Central Indiana leaders announced this morning that they will attempt to raise a record $40 million in this year’s campaign. The target is nearly $1 million more than contributors gave in 2007 to help the 100-plus agencies in United Way’s six-county region. Early indicators show the campaign is off to a solid […]
Parkview Health, a hospital system headquartered in Fort Wayne, has bought naming rights to the city’s new $30 million minor-league baseball stadium. Payments made under the 10-year, $3 million deal will be split between the city and team owner Hardball Capital, with the city planning to spend its share on stadium capital improvements. The not-for-profit […]
Ana Beatriz is not out to become the next Danica Patrick. But that doesn’t mean the Brazilian open-wheel racer—who took third in this year’s Indy Lights Series driving for Sam Schmidt Motorsports—isn’t bent…
A California chain called Jody Maroni’s Sausage Kingdom plans to open a new store in Circle Centre Mall. The restaurant calls itself “Home of the Haut Dog” and serves gourmet…
An Indianapolis startup company has acquired the intellectual assets of American Sentry Guard for what the new owner described as a fire-sale price. Armando Perez, who owns Integrated Security Solutions, said he bought the assets at auction late last month for less than $250,000 – half the price the assets would have brought had different […]
As part of its Flashback Feature series of Wednesday night classics, Circle Centre 9 will be screening “Pulp Fiction” on Sept. 24 at 8.
If you’d you’d like to take advantage of this rare chance to see it on the big screen, e-mail…
A federal grand jury in Indianapolis has indicted Indianapolis resident James Moore, 27, accusing him of defrauding various banks out of $120,000. Moore obtained the money in cash payments after giving banks false information about the amount of money he had on deposit on various prepaid debit cards, U.S. Attorney Tim Morrison said in a […]
Not everyone who takes the Graduate Management Admission Test, which is required to get into business graduate
programs, is honest.
The organization that publishes the test, the Graduate Management Admission Council, disclosed yesterday that
it has tossed scores of 84…
