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Construction spending rose unexpectedly in March after five straight declines, as strength in nonresidential projects and government building offset a further slide in housing. The Commerce Department said today construction spending increased 0.3 percent in March, the best showing since a similar rise last September. Economists surveyed by Thomson Reuters had expected spending to drop […]
A private ambulance service in Fort Wayne will close June 30, putting 116 people out of work. Colorado-based American Medical Response Ambulance Service Inc. alerted the Indiana Department of Workforce Development of the closure Friday. Employees affected include 69 paramedics, 23 emergency medical technicians and 11 dispatchers. AMR operates in 250 communities […]
President Barack Obama plans changes to tax policy likely to be unpopular with corporations with international divisions and individuals who use tax havens. Obama’s two-part plan, which he is slated to be unveiled at the White House today, also calls for 800 new federal tax agents to enforce the system. The president’s proposal would eliminate […]
Normal 0 false false false MicrosoftInternetExplorer4 Three days before the Indiana General Assembly was to end last week, Republican Gov. Mitch Daniels said one way to avoid an extra session was to be clear about what he could and could not accept in a new state budget. He said budget plans passed by House Democrats […]
Normal 0 false false false MicrosoftInternetExplorer4 The number of unlicensed, faith-based child care centers has grown by nearly 30 percent in Indiana since 2001, worrying supporters of state-licensed child-care centers struggling to hold their own. The state’s child care ministries are tax exempt and face minimal regulations, unlike Indiana’s highly regulated licensed centers, The Fort […]
The lingering recession is forcing the organizers of some of Indiana’s festivals to scale back their events or move them to more affordable venues before the state’s festival season gets under way. In Indianapolis, not-for-profit Storytelling Arts of Indiana canceled its long-running fall festival this year because it anticipates large cuts in city and state […]
Republicans and Democrats in the Indiana House had plenty to disagree about before they voted down a proposed state budget, forcing a special legislative session. But in the thick of talks over state spending, a heated debate emerged about whether the growth of charter schools should be limited. That discussion will likely continue as lawmakers […]
The Historic Landmarks Foundation of Indiana has added four new structures and an architectural feature to its annual list of the 10 Most Endangered Hoosier landmarks. Additions…
TV spots for Steak n Shake Co. used to play up the chain’s full-service restaurants, complete with friendly servers, real plates
and glass ketchup bottles—a departure from the "workaraunts" operated by McDonald’s and Burger King. Now, Steak n Shake is developing plans for its own workaraunts.
Critics say the Legislature’s plan to shore up the insolvent Indiana Unemployment Insurance Trust Fund places the bulk of the financial
burden on already ailing businesses with the least ability to pay.
Compared with some of his pharmaceutical CEO peers these days, John Lechleiter has his company on a diet. Instead of using a mega-merger to bulk up before the famine that patent expirations will bring on the industry next year,
Lechleiter has Eli Lilly and Co. burning management fat while looking for smaller companies to munch on.
It took Pete and Candace Kissinger 33 years to build West Lafayette-based Bioanalytical Systems Inc. into one of the largest
contract research firms in Indiana’s life science sector. It took just a year and a half for them to turn against the company’s new management.
Indianapolis residents have been passionate about Ritter’s handmade frozen custard ever since it debuted almost two decades
ago. But while the ice cream is sweet, the story of the former mom-and-pop company’s attempts to morph into something grander
is decidedly bitter. Now, New York-based TruFoods, which bought the company in May 2008, is trying to get the formula
right.
Though plagued by debt, Allison Transmission recently plowed millions of dollars into experimental technology that could lead
to new products.
On the menu of Indiana’s economic development initiatives, the logistics industry has had all the appeal of truck stop coffee.
Meanwhile, the information technology and life sciences sectors—and recently clean tech—have had everyone salivating. Logistics, however, is cooking up a new strategy.
Lawmakers sometimes do their best work right after an election, when they have a fresh victory in hand and can think beyond
their political self-interest. Not this time.
In the last six months we have been concerned with falling numbers—sales, stock prices, 401(k) values, the bottom line. More
recently, however, I have been concerned with rising numbers—blood pressure, cholesterol, prostate antigens, the waistline.
Last week the U.S. Bureau of Economic Analysis released its estimates of county personal income and all the detail comprising
those data.
Most of us were taught to give thanks to those who do well and make our lives better. Some of us would like to give our hearty
thanks to Mel and Herb Simon and their families for all they’ve done in our community and statewide.
With the economy struggling, tax receipts falling and federal deficits soaring, there’s more pressure than ever for government
cost-cutting. Yet most Indiana local government-reform efforts have died an ignoble death in two consecutive legislative sessions.
Why?
