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Zipper’s future open to speculation:

The fate of “the Zipper Building,” a black-and-white office building at Washington Street and Virginia Avenue, is the subject of rampant speculation amid news a sale is pending. The three-story flatiron-style building at 117 E. Washington St. is owned by a locally based partnership and managed by Freihofer Commercial Real Estate. Firm owner Walter Freihofer confirmed the building is under contract, but would provide no details, including when the sale is expected to close. He also would not identify the…

TOM HARTON Commentary: City’s improvement doesn’t sink in

Dr. Pierre Tran, a former neuroscience researcher at Eli Lilly and Co., was lured from Indianapolis to a suburb of San Francisco recently by a small biotech firm and its ability to develop new drugs more quickly than pharmaceutical giants like Lilly. The region’s diversity and “food culture” also played a role, Tran told the San Francisco Business Times in a story about where the Bay Area finds all the brainpower it needs to fuel its tech culture. Tran went…

DeLaney law firm adds another family member: Veteran attorney joins wife, daughter in practice

Ed DeLaney has been a husband to Ann and a father to Kathleen for many years. But his role as a partner in their legal practice presents an opportunity to bond with them professionally. Ed left Barnes & Thornburg LLP in early 2004 after spending 30 years at what is now the largest law firm in the state. In 1973, when Ed arrived at what was then Barnes Hickam Pantzer & Boyd, the firm employed roughly 40 lawyers. Today, it…

SPORTS: Is there the will to heal college basketball’s ills?

I had a terrific lunch-time conversation with someone involved in college athletics, a person whose perspectives I admire because I know he hasn’t come to them easily. The jumping-off point for our discussion was the recent formation of the College Basketball Partnership, or CBP. It is a collection of coaches, administrators, broadcasters and NCAA staff, convened at the urging of NCAA President Myles Brand. Its task is to “address the challenges and opportunities” facing college basketball, especially at the Division…

INVESTING: Market’s first week dive doesn’t mean year-long slump

The first week of the new year was pretty lousy. All the major indexes are now in the hole for the year, with some industries down 5 percent or more. So is that it for 2005? Should we just pack up and come back again in 12 months? The media is jampacked with stories about how the first week’s performance determines the rest of the month’s outcome, which determines the rest of the year. And most experts had high hopes…

School-based clinics get boost from grant: Learning Well Inc. operates in 53 Marion County schools

Indianapolis-based Anthem Foundation gave Learning Well Inc. $100,000 to open two school-based clinics in Marion County and support its efforts to address childhood obesity and asthma. But the effect will go much further than that, one board member said. “We’re finally seeing stability and potential for growth,” said Betty Wilson, a member of Learning Well’s executive committee and CEO of The Health Foundation of Greater Indianapolis, which has plowed millions into the program and is a driving force behind the…

VIEWPOINT: We’re trying to save the wrong brains

I always wonder what people are talking about when they lament Indiana’s “brain drain.” Statistics usually follow, detailing the college graduates taking jobs in other states. It is perhaps a contrarian’s viewpoint, but we should, in fact, encourage these young people to go seek their fortunes. The fact that they are leaving is a symptom, not the problem. Our problem is there are not enough Hoosiers who can create the jobs that could employ our young graduates. We do have…

NPR affiliate launches local news initiative: WFYI’s goal is to generate daily, original content

The city’s only National Public Radio affiliate is launching a local news department for the first time in its almost 20 years of operation, and has signed a deal that could gain it thousands of listeners south of the city’s center. WFYI-FM 90.1 hired veteran TV newscaster Scott Hoke in late November as local host of NPR’s “Morning Edition” and will hire a reporter within six weeks. The radio station plans to soon after launch a weekly sports show featuring…

Purdue, IU out to bolster their life sciences futures: Both universities invest millions in biomedical pursuits Grants help growth ‘A new kind of engineer’

Whenever Indiana and Purdue universities get together on the hardwood or the debate arena, the rivalry is intense. But as various public and private players around the state put on a full-court press for Indiana’s life sciences future, the schools have teamed up like a dynamic backcourt duo. The Scientist, a biweekly publication delivered to 75,000 people worldwide, in November ranked Purdue No. 2 and Indiana No. 10 on a list of “Best Places to Work in Academia,” based on…

ECONOMIC ANALYSIS: Slow, steady job growth certainly beats alternative

It’s good to have job growth in the U.S. economy once again, even if the monthly gains in employment reported by the Bureau of Labor Statistics occasionally fall short of some analysts’ expectations. After a long spell of minuscule job growth in the wake of a painful recession, we’ve grown used to disappointing announcements from the federal statistical agency responsible for tracking the labor market. But the recent report on the employment situation in December caps a year-long streak of…

Workers’ Comp safety net lands in new claims pool: Market of last resort changes way it handles premiums

The state ran into problems, though, when several insurers became insolvent, which cost the state more than $1 million in recent years. Starting Jan. 1, all the premiums began going into a trust account, which pays the claims as needed. The insurance providers will not be called upon unless that account runs dry, Cooper said. The state safety net for Worker’s Compensation insurance began the new year with a new plan to pay claims, one that might lead to fewer…

EYE ON THE PIE: State’s economy holds surprises

Last week in this space, legislators were challenged to learn something about our state. This week, we will provide some data so our busy representatives do not have to do the work themselves. All our data are derived from the excellent States-in-Profile section of STATS Indiana, maintained by the Indiana Business Research Center at Indiana University’s Kelley School of Business, a service supported by the Indiana Department of Commerce. The Indiana economy is the 15th-largest in the nation. Our gross…

STATEHOUSE DISPATCH: Technology advances provide Daniels with opportunity

Indiana’s new governor will obviously have the opportunity to shape a new government and plans to do so. But what has been unsaid about what the new structure may look like is how our assumptions about government and the delivery of government services have changed so radically since the last party change in the office in 1988, and even since the last election. The growth of the Internet and public acceptance of doing business online has Hoosiers now expecting that…

Plan for psychiatric hospital revisited: Daniels team wants review of Larue Carter replacement

A plan to build a new state psychiatric hospital near the IUPUI campus might wind up back on the drawing board. The new administration of Gov. Mitch Daniels wants to take a hard look at the freshly minted proposal to build a replacement for Larue D. Carter Memorial Hospital off of 16th Street on the near-north side. The hospital currently occupies part of an old Veterans Affairs complex on Cold Spring Road. Last month, the state unveiled a plan to…

EYE ON THE PIE: We’re saving more than you think

For years, I have been listening to Paul Harvey on the radio decrying the low savings rate of Americans. Our seemingly profligate ways, spending nearly all we earn, will lead us to the poorhouse, if not the eternal fires of debtors’ damnation. Many of my learned colleagues share this view. Americans are spending too much, consuming too much, saving too little. They tell us the personal-savings rate hit an all-time low in October, at 0.1 percent. That means we put…

Downtown dining changes flavors: New year brings eatery moves, winner in chocolate war

A victor has emerged from the Monument Circle chocolate war, and the spoils go to the Indiana-based warrior. Rocky Mountain Chocolate Factory closed its store at 28 Monument Circle Dec. 31, leaving South Bend Chocolate Co.’s Chocolate Café next door as the Circle’s sole sweets source. The franchise’s closing is one of several changes afoot in the downtown restaurant scene. Coming attractions include an Oregonbased seafood chain and the return of local favorite Eh! Formaggio, which is shopping for a…

STATEHOUSE DISPATCH: Stadium parley scrambles 2005 legislative agenda

At least until mid-December, we thought we had a tentative handle on the General Assembly’s focus for the 2005 session. We knew the new governor and the new Republican House majority would team up on economic development initiatives, improving governmental efficiency and restructuring state agencies. The biggest task would be crafting a realistic state budget in the face of adversity and uncertainty. The regular “stuff of government” would also be squeezed in and some thorny telecommunications issues would be raised,…

A family cashes in on the nursing shortage: Noblesville company grows rapidly by filling void

A Noblesville family took on the U.S. nursing shortage in 1999 armed with only $30,000 and a home computer and wound up creating a multimillion-dollar business. The nursing shortage still lingers, but the family’s company, Innovative Placements Inc., takes in more than $8 million in annual revenue by filling employment gaps with traveling nurses. Twin sisters Retha Clark and Letha Engelman, and Letha’s husband, John, place more than 100 nurses in 39 states. They want to add 50 more nurses…

BEHIND THE NEWS: Conseco now seeks assets from Hilbert’s Haverstick

Attorneys for Conseco Inc. have a new target in their legal assault a g a i n s t f o r m e r C E O S t e p h e n Hilbert. It’s Haverstick Consulting Inc., the Carmelbased company Hilbert now leads. In court papers filed last week in Hamilton County, Conseco attorneys charge that Hilbert and his wife, Tomisue, transferred millions of dollars into Haverstick in recent years but did not receive stock of equal…

Seeking to sway politicians: Lobbyists savor the challenge of playing the game, which requires chess-like strategizing

When Maureen Ferguson was a lobbyist for the Indiana Petroleum Council, she went skiing for the first time, in Colorado. As her ski instructor was taking her up the mountain, he asked her what she did for a living. When she told him, he “went off” on how the oil industry was corrupt and running the government, and she recalled that she found herself fearing for her life. Now when someone asks Ferguson what she does, sometimes she tells them,…