Even Bentley sales are down
A Zionsville dealer says the economy is influencing its wealthy buyers, but things would be worse under Rolls-Royce.
Economy
Articles
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.
Rich flocking to real estate
A survey shows wealthy investors are targeting real estate. But what about Indianapolis?
Factory orders fall unexpectedly
Orders for costly manufactured goods dropped 0.6 percent last month, following a 2-percent gain in September.
Consumer-spending increase beats expectations
The Commerce Department reported Wednesday that consumer spending rose a brisk 0.7 percent last month, following a pullback
in September.
Rising unemployment taxes could hinder hiring
The number of people claiming jobless aid has tripled since the recession began. The demand has drained the funds that many
states use to pay jobless claims. Nearly half the states, including Indiana, are borrowing from the federal government.
State’s jobless rate ticks up
Indiana’s unemployment rate inched up to 9.8 percent in October, reversing small declines recorded in the previous three months,
the Indiana Department of Workforce Development said Friday morning.