First decade of century marked by buyouts and bubbles
The decade witnessed a massive terrorist attack, two wars, and a building-and-buyout boom fueled by easy credit.
Economy
Articles
Slump sets Hoosier job levels back 14 years
The 131,000 jobs lost
in the 12 months ended in November amounted to a 7.2-percent decline and were nearly equivalent to the combined populations
of Carmel and Fishers.
Economic recovery not as strong as previously thought
The U.S. economy grew at a 2.2 percent pace in the third quarter, as the recovery got off to a weaker start than previously
thought.
However, signs suggest the economy will end 2009 on stronger footing.
Economic recovery on track to strengthen at end of 2009
The U.S. economy started the year in free-fall but is on track to end 2009 on stronger footing.
Indiana’s unemployment rate slips to 9.6 percent
Indiana’s unemployment rate ticked downward in November, falling to 9.6 percent, the Indiana Department of Workforce Development
said Friday morning.
Even Bentley sales are down
A Zionsville dealer says the economy is influencing its wealthy buyers, but things would be worse under Rolls-Royce.
Lilly Endowment’s two-fer
Its education focus just might make the endowment more of a jobs engine than the Indiana Economic Development Corp.
Nobel-winning economist Samuelson was Gary native
Economist Paul Samuelson, who won a Nobel prize for his effort to bring mathematical analysis into economics, helped
shape tax policy in the Kennedy administration and wrote a textbook read by millions of college students, died Sunday.
Lights out (crime up?) in Muncie
Muncie plans to turn out most of its street lights to keep from going broke. But what about the social consequences?
Business inventories rise unexpectedly
Businesses unexpectedly increased their inventories in October, halting a slide of 13 consecutive declines. The small gain,
along with a fifth straight increase in sales, raised hopes that businesses will begin restocking their depleted shelves,
helping support the economic recovery.
Retail sales rise more than expected
The government’s report came as a surprise because the nation’s retailers have been reporting generally lackluster results
for the start of the holiday shopping season.
HICKS: Recession may help close job-skills gap
One of the most important effects of the recession â??lower employment â?? is likely to be stubbornly persistent.
Jobless claims rise unexpectedly
The number of newly laid-off workers seeking jobless benefits rose more than expected last week, after falling for five straight
weeks.
Keeping wage figures secret
IBJ isn’t the only news organization wondering whether the Indiana Economic Development Corp. is getting good bang
for the buck.
Marsh, then and now
Now that Marsh Supermarkets is being run like a real business, has the shopping experience changed?
State colleges face $150M in cuts as tax revenues fall
Indiana Gov. Daniels calls for cuts with announcement that tax collections for November were $144 million below forecast.
Jobless rate unexpectedly falls to 10 percent
The Labor Department said the economy shed only 11,000 jobs last month, a vast improvement from October’s revised total of
111,000.
Carp, shipping and a lawsuit
A lawsuit aimed at stopping invasive carp from reaching Lake Michigan could bring some forms of shipping to a grinding halt.
Productivity surges 8.1 percent, most in 6 years
The U. S. Commerce Department said productivity rose at an annual rate of 8.1 percent in the third quarter, the biggest jump
since 2003.
Some area manufacturers see blue sky after year dominated by recession
The recession decimated Indiana’s auto-parts makers, but many other manufacturers in the state survived. After a year
adrift in the recession, they see signs of land ahead.